Risk Disclosure

All investments carry risk, including the possible loss of capital. Returns are not guaranteed unless a product's terms specifically provide otherwise, and past performance is not indicative of future returns. WealthBay Pvt Ltd (AMFI-registered Mutual Fund Distributor, ARN-29566) acts as a distributor and earns commissions; it does not provide investment advice. Please read all scheme and offer documents, and consider your goals, horizon and risk tolerance, before investing.

General risks

• Market risk — prices of securities and units go up and down with markets.
• Credit / default risk — an issuer may delay or fail to pay interest or principal; credit ratings are opinions and can be revised.
• Interest-rate risk — prices of fixed-income securities fall when interest rates rise.
• Liquidity risk — some products are locked in, close-ended or thinly traded and may be hard to exit before maturity.
• Concentration risk — focused portfolios, single issuers or single sectors can be more volatile.
• Tax and regulatory risk — tax treatment and regulations change; have tax implications reviewed by a qualified Chartered Accountant.

Mutual funds

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not indicative of future returns. Each scheme carries a SEBI riskometer level from Low to Very High.

Portfolio Management Services (PMS)

PMS is not a SEBI-guaranteed product. Returns are not assured. Portfolios can be concentrated and volatile, fees may include performance-linked components, and the minimum investment is high. Read the Disclosure Document before investing.

IPOs

Applying to an IPO involves risk. Read the Red Herring Prospectus (RHP) before investing. Allotment is not guaranteed, and shares may list below the issue price.

Alternative Investment Funds (AIFs)

AIFs are illiquid and unsuitable for all investors. They typically have long lock-ins, high minimum investments and complex strategies. Read the Private Placement Memorandum carefully.

REITs and InvITs

Unit prices fluctuate. Distributions are not guaranteed and depend on the underlying assets' cash flows, occupancy, tariffs and leverage.

Bonds

Bond yields are indicative and change with market conditions. Credit ratings can be revised. Perpetual / AT1 bonds can have coupons skipped or principal written down under the terms of issue; high-yield bonds carry a higher risk of default.

Non-Convertible Debentures (NCDs)

NCDs carry credit and liquidity risk. Unsecured NCDs rank behind secured creditors. NCDs are not covered by deposit insurance. Read the Prospectus before applying.

Market Linked Debentures (MLDs)

Returns are linked to market performance and are not guaranteed. Capital protection applies only at maturity and subject to issuer solvency; non-principal-protected structures can lose capital. Illustrations are not forecasts. MLDs may be illiquid before maturity.

Insurance

Insurance is the subject matter of solicitation. Market-linked insurance plans (ULIPs) carry investment risk borne by the policyholder. Claims are decided by the insurer under the policy terms.