Disclaimer - Alternative Investment Fund (AIF)

Securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Fund will be achieved. This document is confidential and for private circulation only. As with any securities investment, the value of a portfolio can go up or down depending on the factors and forces affecting the capital markets. This document is for informational purposes only and should not be regarded as an offer to sell or as a solicitation of an offer to buy the securities or other investments mentioned in it. The past performance of the Fund is not indicative of the future performance of the Fund or in any other existing or future fund that may be offered. Investors are not being offered any guaranteed or indicative returns through these services. The returns mentioned anywhere in this document are not promised or guaranteed in any manner. Returns are dependent on prevalent market factors, liquidity and credit conditions. Instrument returns depicted are in the current context and may be significantly different in the future. The contents of this document should not be treated as advice relating to investment, legal or taxation matters. This communication is for private circulation only and for the exclusive and confidential use of the intended recipient(s). Any other distribution, use or reproduction of this communication in its entirety or any part thereof is strictly prohibited.

All investors must read the detailed Private Placement Memorandum (PPM), including the Risk Factors, and consult their stockbroker, banker, legal adviser, and other professional advisers before making any investment decision/contribution to the AIF.

Registration granted by SEBI, enlistment with BSE, and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investments in the securities market are subject to market risks; read all related documents carefully before investing. Past performance of securities/instruments is not indicative of future performance.

IIFL Capital Asset Management Limited (formerly known as IIFL Securities Alternate Asset Management Limited) and its group/associate companies are engaged in providing various financial services, and may earn fees or remuneration in the form of arranger fees, distribution fees, referral fees, advisory fees, management fees, trustee fees, commission, brokerage, transaction charges, underwriting charges, issue management fees, and other fees.