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Disclaimer PMS:

Steptrade Share Services Private Limited ("Steptrade") (formerly known as Ace Share Services Pvt Ltd) is registered with SEBI with reg No. INP000008598 as Portfolio Manager under SEBI (Portfolio Managers) Regulations, 1993. This Document is for information purpose only. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the readers. The performance related information is not verified by SEBI. This document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst no action has been solicited based upon the information provided herein, due care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable. Recipients of this information should rely on information/data arising out of their own investigations. Prospective investors are advised to review the Disclosure Document, Client Agreement, and other related documents carefully before investing and consult their legal, tax and financial advisors to determine possible legal, tax and financial or any other consequences of investing under this Portfolio.

None of the Portfolio Manager, its Holding Company, associate concerns or affiliates or their respective directors, employees or representatives shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way from the information contained in this material. Stocks referred to in this document are not an endorsement of their soundness or a recommendation to buy or sell. The same may or may not be a part of the Portfolio in future or any other existing PMS Strategies launched from time to time. 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 of the Strategy or any other future Strategies of the Portfolio Manager. The performance of the Portfolio may be adversely affected by changes in the market conditions, micro and macro factors and forces affecting capital markets. Risk factors associated with the investment approach are Equity risk, Systematic risk, Concentration risk, Model portfolio risk, Mismatch risk, Execution risk, Low liquidity and Low dividends. To know more about the risk factors, please refer disclosure document.
Investment in securities is subject to market and other risks, and there is no assurance or guarantee that the objectives of any of the strategies of the Portfolio Management Services will be achieved. Please read Disclosure document carefully before investing.

• Disclaimer AIF

Disclaimer AIF:

You should carefully consider the risks associated with investing in IAF before making investment decision. Please read the PPM carefully before investing. Past performance is not indicative to the Future results.

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