Investments in securities are subject to market risks.
There are no assurances or guarantees that the objectives of any of the Products/Options
will be achieved. The investments may not be suited to all categories of investors.
The value of the securities can go up or down depending on various market factors.
Past performance of the Portfolio Manager does not indicate the future performance
of the Portfolio Manager or any other future Products offered by the Portfolio Manager.
The names of the Products/Options do not in any manner indicate their prospects
or returns. The performance of the portfolio may be adversely affected by the performance
of individual companies, changes in the market conditions, micro and macro factors
and forces affecting capital markets in particular like interest rate risk, credit
risk, liquidity risk and reinvestment risk. Derivative(Futures and Options) Products
are affected by various risks including but not limited to counter party risk, market
risk, valuation risk, liquidity risk, basis risk and other risk. Besides the price
of the underlying asset, the volatility, tenor and interest rates affect the pricing
of derivatives. In the case of stock lending, risks relate to the defaults from
counterparties with regard to securities lent and the corporate benefits accruing
thereon, inadequacy of the collateral and settlement risks. The portfolio Manager
is not responsible or liable for any loss resulting from the operations of the Products.
Each portfolio will be exposed to various risks depending on the investment objective,
investment strategy and the asset allocation. Non-Diversified Portfolio tends to
be more volatile than a diversified portfolio.