Risk Disclosure

Last updated: March 2026

Risk Factors for Mutual Fund Investments

Investing in mutual funds involves various types of risks including, but not limited to, market risk, interest rate risk, credit risk, liquidity risk, and regulatory risk. Prospective investors should carefully consider the risk factors before making any investment decisions. This document outlines the key risks associated with mutual fund investments distributed through Trustner Asset Services Pvt. Ltd. (ARN-286886).

The NAV of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes.

Market Risk

Equity Risk

Equity mutual funds invest in stocks listed on recognised stock exchanges. The value of these investments is directly affected by stock market movements. Factors such as economic conditions, corporate earnings, geopolitical events, industry trends, and investor sentiment can cause significant price fluctuations. Equity investments carry the highest degree of market risk and are suitable only for investors with a long-term investment horizon and higher risk tolerance.

Debt and Interest Rate Risk

Debt mutual funds invest in bonds, government securities, debentures, and other fixed-income instruments. The value of debt fund investments is inversely related to changes in prevailing interest rates. When interest rates rise, the market value of existing bonds falls, and vice versa. Longer-duration debt instruments carry higher interest rate sensitivity.

Credit Risk

Debt funds are exposed to the risk that a bond issuer may default on interest payments or principal repayment. Lower-rated securities offer higher yields but carry greater credit risk. A credit rating downgrade of an underlying security can result in a decline in the NAV of the fund.

Liquidity Risk

Certain securities held by mutual fund schemes may have limited liquidity in the secondary market. During periods of market stress or unusual redemption pressure, the fund may face difficulty in liquidating its holdings at fair value, which may impact the NAV and the ability to process redemptions in a timely manner.

No Guarantee of Returns

There is no assurance or guarantee that the objectives of the scheme will be achieved. The portfolio of the schemes is subject to changes within the provisions of the Offer Document of the respective schemes.

Neither Trustner Asset Services Pvt. Ltd., nor any of its officers, directors, or employees, guarantee any specific rate of return or the performance of any mutual fund scheme. The investment value and returns are not guaranteed and may fluctuate based on market conditions.

NAV Fluctuation

The Net Asset Value (NAV) of mutual fund units is subject to daily fluctuation based on the market value of the underlying securities. The NAV may increase or decrease on any given day. Investors may receive less than the original amount invested when they redeem their units. All subscriptions and redemptions are processed at the applicable NAV as per the cut-off times stipulated by SEBI.

Past Performance Disclaimer

Past performance of any mutual fund scheme is not indicative of future results. Historical returns, rankings, and ratings displayed on this platform are provided for informational purposes only and should not be relied upon as an indicator of future performance. Market conditions and fund performance can vary significantly from one period to another.

Taxation Risks

The tax treatment of mutual fund investments is subject to changes in tax laws, rules, and regulations. Capital gains tax rates, dividend distribution tax provisions, and other applicable taxes may be amended by the Government of India from time to time. Investors should consult their tax advisors regarding the tax implications specific to their circumstances. The current tax benefits, if any, are as per existing laws and may change without prior notice.

Regulatory Changes

Mutual fund operations are governed by SEBI (Mutual Funds) Regulations, 1996 as amended from time to time. Any changes in regulations, policies, or guidelines by SEBI, AMFI, RBI, or other regulatory bodies may impact the operations, valuation, performance, and taxation of mutual fund schemes. Such changes may include alterations in categorisation norms, expense ratio limits, commission structures, or reporting requirements.

Risk Mitigation through SIP

Systematic Investment Plans (SIPs) help mitigate the impact of market volatility through rupee cost averaging. By investing a fixed amount at regular intervals, investors buy more units when prices are low and fewer units when prices are high, which can potentially reduce the average cost per unit over time. However, SIPs do not assure a profit or protect against loss in declining markets. SIPs are suitable for investors with a long-term investment horizon.

It is important to note that SIP does not guarantee returns or protect the investor against losses in any market downturn. SIP is merely a method of investment and does not constitute an investment strategy or recommendation.

Important Investor Information

• KYC is one-time exercise while dealing in securities markets — once KYC is done through a SEBI registered intermediary (broker, DP, mutual fund), you need not undergo the same process again when you approach another intermediary.
• Investors are advised to deal only with SEBI Registered Mutual Fund Distributors. Please verify the registration status at www.amfiindia.com.
• Investors should read and understand the Scheme Information Document (SID), Statement of Additional Information (SAI), and Key Information Memorandum (KIM) of the respective schemes before investing.
• Investors should assess their risk appetite, investment goals, and financial situation before selecting a mutual fund scheme.
• For any complaints regarding mutual fund investments, investors can approach the SEBI SCORES portal at scores.gov.in or call toll-free 1800-22-7575.

Distributor Information

Trustner Asset Services Pvt. Ltd. is an AMFI Registered Mutual Fund Distributor (ARN-286886, EUIN: E092119). CIN: U66301AS2023PTC025505. Registered Office: Sethi Trust Building, Unit 2, 4th Floor, G S Road, Bhangagarh, Guwahati - 781005, Assam.

As a mutual fund distributor, Trustner Asset Services facilitates investment transactions on behalf of investors. The distributor does not manage the funds or make investment decisions on behalf of the Asset Management Companies (AMCs).