Key Disclosures & Risk Factors

Registration granted by SEBI, membership of BSE, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Investments in the securities market are subject to market risks, and you should read all related documents carefully before investing. PHD CAPITAL PRIVATE LIMITED (the "Company") has neither been suspended nor debarred from doing business by any Stock Exchange, SEBI, or any other authorities; nor has its certificate of registration been cancelled by SEBI at any point in time. There are no outstanding litigations or disciplinary history against the Company.

Nature of Service & Suitability

Each smallcase represents a model portfolio based on a specific investment strategy and must not be used as the singular basis for any investment decision. The views herein are of a general nature and do not consider the risk appetite or circumstances of any individual investor; readers are requested to take professional advice before investing. Each recipient should make such investigations as they deem necessary to arrive at an independent evaluation of an investment. The strategies are prepared based upon publicly available information and sources believed to be reliable; however, such information has not been independently verified, and no guarantee, representation, or warranty is made as to its accuracy or completeness. All such information and opinions are subject to change without notice, and PHD Capital Pvt Ltd is not obliged to update on such changes.

Disclosures Regarding Conflicts of Interest

The strategies and views reflected in our smallcases accurately represent the personal views of the Research Analysts employed by PHD Capital. We certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed. The Analysts and their relatives do not have any financial interests in the subject companies, do not own 1% or more of their equity securities, and do not have any material conflict of interest at the time of publication. The Analysts have not received compensation from the subject companies, have not managed any public offering for them, and have not served as an officer, director, or employee. The Company is not engaged in merchant banking, investment banking, or brokerage services. PHD Capital, its affiliates, directors, and employees did not receive any compensation from the companies mentioned or any third party in connection with the preparation of these strategies. Accordingly, neither PHD Capital nor its Research Analysts have any material conflict of interest at the time of publication. While the above is true, investors should be aware that PHD Capital, its affiliates, and employees may, in other circumstances, engage in activities that could present potential conflicts, including holding investment positions in the securities of companies mentioned herein or engaging in other transactions. Any such conflict of interest will be appropriately disclosed and managed in accordance with applicable law.

Limitation of Liability

PHD Capital Pvt Ltd, its directors, analysts, or employees do not take any responsibility, financial or otherwise, for any losses or damages sustained due to investments made or any action taken on the basis of our smallcase strategies. This includes, but is not restricted to, fluctuation in the prices of shares, changes in currency rates, or diminution in the NAVs. PHD Capital Pvt Ltd or its associates have never managed or co-managed any Public Offering of securities, nor worked as a corporate financer, investment banker, or merchant banker.

General Terms & Conditions

Our smallcases are not, and should not be, construed as an offer or solicitation to buy or sell any securities or other financial instruments. This service is not directed to, or intended for distribution to or use by, any person or entity in any jurisdiction where such distribution or use would be contrary to law or regulation, particularly the United States of America. This material may not be reproduced, distributed, or published, in whole or in part, for any purpose. Foreign currency-denominated securities are subject to exchange rate fluctuations which could have an adverse effect on their value or price.