The information provided herein should be used for information purposes only. It is subject to change
without notice and should not be taken as advice.
Investing in securities including equities and derivatives involves certain risks and considerations
associated generally with making investments in securities. The value of the portfolio investments may be
affected generally by factors affecting financial markets, such as price and volume, volatility in
interest rates, currency exchange rates, changes in regulatory and administrative policies of the
Government or any other appropriate authority (including tax laws) or other political and economic
developments. Consequently, there can be no assurance that the objective of the Portfolio would achieve.
The value of the portfolios may fluctuate and can go up or down. Prospective investors are advised to
carefully review and read the Disclosure Document, Client Agreement, and other related documents carefully
and in its entirety and consult their legal, tax and financial advisors to determine possible legal, tax
and financial or any other consequences of investing under the Portfolio Management Services, before
making an investment decision.
The composition of the portfolio is subject to changes within the provisions of the disclosure document.
The benchmark of the portfolios can be changed from time to time in the future. Past performance of the
portfolio manager does not indicate the future performance for any of the strategies. The recipient should
take this into account before investing in securities through Portfolio Management Services (PMS) or any
other mode.
This material is not for public distribution and has been furnished solely for information and must not
be reproduced or redistributed to any other person. Persons into whose possession this material may come
are required to observe said restrictions. No part of this material may be duplicated in any form and/or
redistributed without MNCL's prior written consent. Distribution Restrictions – This material should not
be circulated in countries where restrictions exist on soliciting business from potential clients residing
in such countries. Recipients of this material should inform themselves about and observe any such
restrictions.
