HYBRID SYSTEMATIC FUND

FOR STRATEGIC INVESTORS

OCTOBER 2021

Category III Alternative Investment Fund

approved and regulated by the
Securities and Exchange Board of India
Registration IN/AIF3/19-20/0701
Overview
COMPANY BACKGROUND
After 10 years of building India’s largest stockbroking platform, Bangalore-based unicorn Zerodha, now responsible for 15% of all trading volumes in
the country, the founders are now disrupting the asset management industry. Building on co-founder Nikhil Kamath’s capital market expertise and
track record, True Beacon was established in early 2019 to change the way UHNI and HNI build wealth.

The company is built on client alignment through a zero-standing-fee model, a conservative investment approach, together with liquidity and tech-
enabled transparency. True Beacon serves several hundred sophisticated domestic Indian and global clients who want to capture India’s economic
and equity market growth. True Beacon One, a SEBI-regulated Fund, was launched in September 2019 and returned an absolute performance of
47.2% in 2020, beating the NIFTY50, the index of the largest 50 companies in India, by 32.3%.

TRUE BEACON ONE FUND

True Beacon One - a Category III Alternative Investment Fund - employs a defensive hybrid strategy, investing in Indian large-cap equities to capture
market growth. Combined with a long-short component to hedge and protect our equity holdings, True Beacon One drives an alpha over shorter
market cycles. The Fund aims to outperform the index by at least 6% per annum on a multi-year basis.

The Fund’s long-only allocation, accounting for ~60% of exposure, invests exclusively in the NIFTY50 universe. The True Beacon research team,
directly supporting the Fund Manager, incorporates macroeconomic cues, sectoral trends, and market intelligence to select 7-10 core growth stocks,
with 10-12 satellite holdings. The remaining exposure of ~40% is realized through long-short proprietary strategies that aim to hedge the long-only
component. True Beacon One’s core competitive advantage is in its ability to dynamically adjust the allocation between our long-only and long-short
component, to reduce volatility, minimize risk, and enhance returns.

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 The True Beacon Fund Mix

TRUE BEACON TRUE BEACON

TWO ONE
ONSHORE
CLIENTS

GOVERNMENT FIXED DERIVATIVE

CONSERVATIVE
DEPOSITS EQUITY AGGRESSIVE
BONDS ONLY

TRUE BEACON
TRUE BEACON
GLOBAL:
GLOBAL
OFFSHORE LONG-SHORT
CLIENTS

TRUE BEACON
INTERNATIONAL

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World-Class International Team
NIKHIL KAMATH
CO-FOUNDER
TRUE BEACON AND ZERODHA
Nikhil’s passion for analytics and financial
markets stems from his unorthodox
childhood. He dropped out of school at 14 to
play chess for the country, and started
equity trading at 17. He focused on
developing alternative investment strategies
and co-founded Kamath Associates at the
age of 19 to manage HNW Individuals.
He co-founded Zerodha with his brother
Nithin in 2010 and in August 2019, Nikhil co-
founded True Beacon to bring his Fund
management experience to a global group
of Ultra High Net Worth strategic investors,
and now focuses full-time on managing the
Fund.
RICHARD PATTLE LVO
CEO AND CO-FOUNDER TRUE BEACON
SENIOR ADVISOR ZERODHA
Richard spent 18 years as a battlefield
helicopter pilot in the British Royal Air Force,
before becoming Master of the Household
of Their Royal Highnesses The Prince of
Wales and The Duchess of Cornwall, a COO
role, over a 10 year period.
From 2014 he was Vice Chairman of
Standard Chartered Private Bank globally,
covering Ultra High Net Worth Families for 4
years. He has been travelling and living in
India for 30 years, including on exchange
with the Indian Armed Forces and as the
CEO of an Indian holding company.
NITHIN KAMATH
CO-FOUNDER
TRUE BEACON AND ZERODHA
Nithin was a prop trader, stock advisor, and
sub-broker before co-founding Zerodha in
2010. As the CEO, he led Zerodha’s growth
to be the largest brokerage firm in India
within ten years, executing over 15% of
exchange trading volumes.
He also runs Rainmatter, a VC Fund, and
incubator, partnering with innovative start-
ups that are helping grow the Indian capital
market ecosystem. He also sits on various
advisory committees of the SEBI and various
Indian stock exchanges.
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Core Team

PRASHANT BISHT ADARSH MOTWANI KIRTI OSWAL AARTHI SRIKANTH KUDRAT KAHLON
VP Investments AVP Investments And Research Senior Fund Accountant Compliance Officer Chief Marketing Officer

LISA ROSS SHYLA MATHUR PRATEEKA KAMATH BABA CHANDOK LYKA SHAH
AVP Business Development AVP Client Relations AVP Client Relations AVP Business Development AVP Client Relations

NIKHIL HEGDE SNEHA BHALLA ABHISHEK BADRINATH ATREYA DAS MEL GEORGE
AVP Client Relations AVP Client Relations Business Planning Manager Investments and Research Software Engineer
Associate

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Disrupting the Status Quo
SUPERIOR RETURNS WITH A
CONSERVATIVE APPROACH
Fund Manager invests alongside
clients
A world-class Fund Manager with a
proven track record in long-short
strategies
A conservative approach to investing
in large-cap Indian equities
Dynamically protected by long-short
hedging and positions
Outperformed the NIFTY50 index by
32.3% in 2020
BEST IN CLASS
INVESTMENT PRODUCT
Zero management fees
An open-ended Fund with no entry or
exit load
No lock-in period
Fixed 10% annual performance reward
No distributor fees
True Beacon Investment Manager co-
invests ~10% of the Fund AUM
48-hour redemption period
Based on the high watermark
principle
AGGREGATING UHNI
INFLUENCE GLOBALLY
Be part of an ecosystem of UHNI
investors across the world
Access to private global deal flow,
co-investment participation, and
VC opportunities with zero fee
Membership of True Beacon’s
bespoke UHNI and next-generation
leadership programmes
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Investment Philosophy
True Beacon One takes a long-term, defensive approach to investing. The top 50 Indian stocks have returned an average
of 10% per annum since 2011. The Fund aims to outperform benchmark returns by at least 6% per annum post-tax over a
multi-year period by employing a dynamic hybrid long only and long-short portfolio.

LONG ONLY (~60%) LONG-SHORT (~40%)

To drive differential alpha to investors on shorter market cycle

To drive absolute returns to investors over the long term
trends
Exclusively large-caps, typically investing in 20 to 25 NIFTY50
alternative investment
Sector and market-cap agnostic
stocks, with a maximum exposure of 10% per stock strategies

Approximately 7-10 stocks represent 50% of the long-only

portfolio
Top-down Fundamental analysis on sector growth,
management and governance, balance sheet, and valuations
Bottom-up proprietary research with promoters and key
stakeholders, using sophisticated data analytics
Large-cap Indian equities
Short-side focus trading futures and options on major indices
and individual stocks – providing a natural hedge to the long-
only portfolio
Driven by Fundamental sector and/or market momentum,
supplemented by proprietary derivative frameworks
Futures and Options

Stock selection driven by Fundamental research Fueled by proprietary technology-driven algorithms

Diversifying across large-cap growth-driven sectors in India Generating differential alpha

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True Beacon One Performance
TRUE BEACON ONE – TARGET RETURN
Over a multi-year period, the Fund aims to outperform the NIFTY50
benchmark by at least 6% per annum on a multi-year basis
During an exceptional 30% bull market, we capture 60-70% of the
upside
During an exceptional bear market, we are exposed to ~35% of the
downside
At a 16% per annum growth rate, the investor’s capital is doubled
after 4 years
TRUE BEACON ONE – ACTUAL RETURN
The Fund consistently outperformed the NIFTY50 on a since-
inception basis
Since inception, cumulative returns stand at 74.78%, which is an
outperformance of the NIFTY by 15.43%
Prioritizing capital preservation, the Fund’s long-short hedging
component allows us to limit drawdowns to a greater extent than
traditional equity only products
Click here for CRISIL benchmark
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Disrupting Asset Management

FUND TERMS TRADITIONAL FUND TRUE BEACON ONE

Management Fees 2% 0%

Placement Fees
(Facilitation fee to agents, brokers, 1 to 3% 0%
financial institutions or Fund-of-Funds)

Entry Fee per Transaction 0.5 to 3% 0%

Exit Fee per Transaction 0.5 to 3% 0%

Lock-in Period 1 to 3 Years 0

Performance Fees 20% 10%

Reporting Monthly Daily

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Compounding Investor Returns
True Beacon’s zero annual management fee and 10% annual performance reward differs
significantly from the traditional 2% annual management fee and 20% carry-on gains.

Traditional Fund

With identical fund manager performance of 16% per

annum over 12 years, 50% of total gains are eroded by
traditional fee-heavy hedge funds

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True Beacon One AIF Performance
True Beacon One against
Hedge Fund Index Performance

In 2020, True Beacon One’s hybrid

strategy significantly outperformed
peer group Funds (EurekaHedge
Fund index comprising 16 leading
Indian hedge Funds) by 27.07%

In the financial year 2020-2021,

True Beacon outperformed the
competition benchmark by 30.41%

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Transparency and Compliance
TRUE BEACON
INVESTOR DASHBOARD

Daily NAV update and visibility

Historical Fund performance

Transaction requests

Fund portfolio reports

Fund Manager insights

CUSTODY, FUND ACCOUNTING, AUDITING AND REPORTING TAX AND REGULATORY ADVISOR
AND COMPLIANCE

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Strategic Value Creation
True Beacon aggregates influence through a community of UHNI and HNI clients located all around the world.

NEXT-GENERATION AND CLIENT-TO-CLIENT STRATEGIC OPPORTUNITIES

PHILANTHROPY PROGRAMMES
Private philanthropic advisory and
connectivity to global network
Bespoke True Beacon Next-Generation
leadership programmes – designed for
notable global UHNI's and focussing on
leadership, entrepreneurship,
sustainability, philanthropy, and
communication.
STRATEGIC OPPORTUNITIES IN BANGALORE
Zerodha’s VC entity, Rainmatter, grants
True Beacon platform brings strategic
exposure to Bangalore’s dynamic start-
UHNW resident Indians, NRIs, and
up ecosystem
international investors on one platform
Multiple standout portfolio companies in
Combined with our robust global Private
the capital markets space
Banking experience, we can facilitate
opportunistic cross-LP transactions for
Access to deal flow across early – late
our investors
stage, omni-sector

GLOBAL DEAL FLOW – SAMPLE OPPORTUNITIES

VENTURE CAPITAL Venture early-stage venture investment in full-stack health-tech start-up operating across India
INFRASTRUCTURE Structured debt offering for dry ports and mining assets in Northern India
GROWTH EQUITY Growth-equity in one of India’s leading insurance aggregation platforms
NEW MARKETS Co-investment in Japanese retail chain opening its first franchising units in Indian market
PRE-IPO Pre-IPO allocation in one of India’s leading SME-focused NBFCs
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Contact Us
TRUE BEACON ONE IS AVAILABLE TO ULTRA HIGH NET WORTH FAMILIES
AND INSTITUTIONAL INVESTORS FROM INDIA AND OVERSEAS.

Lisa Ross Shyla Mathur

Associate Vice President, Business Development Associate Vice President, Client Relations
lisa@truebeacon.com shyla@truebeacon.com
+91 99864 90318 +91 96864 48428

Baba Chandok Prateeka Kamath

Associate Vice President, Business Development Associate Vice President, Client Relations
baba@truebeacon.com prateeka@truebeacon.com
+91 98450 52939 +91 96503 97701

www.truebeacon.com | info@truebeacon.com | +91 96639 03202

JW Marriott Hotel, First Floor, No-1, Vittal Mallya Road, Ashok Nagar, Bengaluru – 560001, India
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Disclosure
This presentation (“Presentation Material") is furnished on behalf of True Beacon Investment Advisors LLP (“Company”).This Presentation Material is for information purposes only and does not constitute or form part of an agreement or an offer for the sale of, or an invitation or a solicitation of any
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basis of any contract and should not be relied on in relation to any contract or commitment whatsoever. Only the express provisions of any sale and purchase (or investment) agreement, shareholders’ agreement and any other definitive agreement, if and when they are executed, and subject to any
limitations and restrictions as may be specified in such definitive agreement, shall have any legal effect in connection with any investment in or acquisition of securities of, the Company. The issuance of this Presentation Material shall not be taken as any form of commitment on the part of the
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