Disclaimer

In preparing this document, Clay Financial Services Private Limited (“Clay FS”) has used publicly available information as well as internally developed data. Such information is considered reliable; however, Clay does not guarantee its accuracy, completeness, or reasonableness. Where third-party information is referenced, no such party shall assume any liability for the same. Nothing in this material should be construed as an offer, solicitation, or recommendation to purchase or sell any financial product or undertake any financial transaction.

This document may contain forward-looking statements identified by words such as “will”, “expect”, “should”, or similar expressions. These statements are subject to risks and uncertainties arising from factors including, but not limited to, market conditions, economic and political developments in India and globally, monetary and interest rate policies, inflation/deflation, currency movements, fluctuations in equity or debt markets, regulatory changes, taxation changes, and competitive dynamics. Actual results may differ materially from those expressed or implied. Market-risk related disclosures are estimates and may vary significantly from future outcomes.

Clay, its affiliates, directors, officers, and employees shall not be liable for any direct, indirect, special, exemplary, punitive, consequential, or incidental loss or damage—including loss of profits—arising from the use of this material. The recipient alone is responsible for all decisions taken on the basis of this document. Recipients should conduct their own due diligence and seek independent professional advice before acting on any information contained herein. The financial products discussed may not be suitable for all investors. Investors should verify all terms and conditions of any product or instrument before investing. All financial instruments are subject to market risks, and returns may fluctuate. Past performance is not indicative of future results.

Clay FS, its affiliates, or its employees involved in the preparation of this material may (a) hold positions—long or short—in the securities or instruments referred to herein, (b) buy, sell, or transact in such instruments, (c) earn brokerage or other compensation, or (d) act as advisors in relation to such instruments. Such persons may have acted inconsistently with the views expressed in this material.

This document is confidential and intended solely for the recipient. No part of it may be reproduced, copied, or distributed without prior written consent from Clay Financial Services Private Limited.Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Insurance is a subject matter of solicitation.

These terms are governed exclusively by Indian law. All disputes fall under the jurisdiction of courts in Ahmedabad, Gujarat, India.