RISK FACTORS

1. All mutual funds and securities investments are subject to market risks, and there can be no assurance that the schemes' objectives will be achieved.

2. Investment in Mutual Fund Units (including new offerings) involves price volatility risk, liquidity risk, delisting risk etc. and investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal.

3. As the price / value / interest rates of the securities in which the schemes invest fluctuate, the value of your investment in the schemes may go up or down depending upon the factors and forces affecting the securities market.

4. Various factors impact the value of the Schemes' investments (and result in possible loss of principal) including but are not limited to, fluctuations in the bond markets, fluctuations in interest rates, market volatility, prevailing or changes in political and economic environment, changes in government policy, factors specific to the issuer of the securities including defaults, bankruptcy or insolvency by such issuers, tax laws, liquidity of the underlying instruments, settlement periods, trading volumes, force majeure events, potential segregation of portfolio by AMC under marker conditions etc.

5. In accordance with SEBI guidelines, the Mutual Funds reserves the right to restrict redemption or suspend redemption of the Units in the schemes on account of circumstances leading to a systemic crisis or event(s) that severely constrict market liquidity or the efficient functioning of the markets or where scheme faces liquidity crisis, and such suspension of redemption may impact liquidity situation for investors.

6. Winding up of schemes are extraordinary events and may result due to illiquid instruments, higher volume of redemption requests from the investors or on account of unforeseen market events. Such events are handled by AMCs basis SEBI guidelines in place.

7. The names of the Schemes do not in any manner indicate either the quality of the schemes or their future prospects and returns.

8. Past performance of any Sponsor / AMC / Mutual Fund does not guarantee future performance of the schemes.

9. The Schemes do not guarantee or assure returns. Investment decisions made by the AMC may not always be profitable.

10. Investors should read the respective SAI, SID & KIM carefully in its entirety before investing and retain these documents for future references.