Disclaimer

This Disclaimer governs the use of information published on singhalconsultancy.in(the "Website"), operated by Singhal Consultancy Services, a financial advisory firm based at 209, 2nd Floor, Pink Tower, Lal Kothi, Tonk Road, Jaipur, Rajasthan 302015. By accessing and using this Website, you acknowledge that you have read, understood, and agreed to be bound by this Disclaimer in full.

Singhal Consultancy Services is an AMFI Registered Mutual Fund Distributor (ARN-317282) and an IRDAI Registered Insurance Advisor. We are not a SEBI Registered Investment Advisor (RIA) under the SEBI (Investment Advisers) Regulations, 2013, and we do not provide personalised, fee-based investment advice. All content on this Website is published in our capacity as an information provider and distributor, not as an investment advisor.

1. Investment Risk Disclaimer

Investments in mutual funds and other financial instruments are subject to market risks and other risks, including but not limited to:

• Market Risk: The value of investments may increase or decrease based on fluctuations in equity markets, interest rates, credit spreads, currency exchange rates, and other macroeconomic factors. There is no assurance that the objective of any mutual fund scheme will be achieved.
• Liquidity Risk: In certain market conditions, it may be difficult to liquidate investments at a fair price or within a desired timeframe. This risk is particularly relevant for debt funds, closed-ended schemes, Alternative Investment Funds (AIFs), and Portfolio Management Services (PMS).
• Credit Risk: Debt funds are subject to the risk of default by issuers of the underlying securities. Credit rating downgrades can significantly impact NAV.
• Interest Rate Risk: Bond prices move inversely to interest rates. Rising interest rates can lead to a decline in the NAV of debt-oriented mutual fund schemes.
• Concentration Risk: Sector-specific or thematic funds concentrate investments in a limited universe of securities and may be subject to higher volatility.
• Regulatory Risk: Changes in government policy, tax laws, SEBI regulations, or AMFI guidelines may adversely impact the performance or tax efficiency of investments.

Investors should carefully review the Scheme Information Document (SID), Key Information Memorandum (KIM), and Addenda for each mutual fund scheme before investing. These documents are available on the respective AMC websites and on the AMFI website (amfiindia.com).

2. Past Performance Disclaimer

Any reference to past performance of mutual fund schemes, insurance products, equity markets, bond markets, or any other financial instrument on this Website is strictly for informational and illustrative purposes only. Past performance is not indicative of, and does not guarantee, future results.

Returns cited in case studies, examples, blog articles, or service descriptions on this Website reflect historical data and are subject to the following limitations:

• Historical returns are calculated based on past NAV movements and may not account for exit loads, transaction costs, or applicable taxes.
• Market conditions, fund manager changes, portfolio rebalancing, and regulatory amendments can materially alter future performance.
• Returns from Systematic Investment Plans (SIPs) illustrated on this Website are based on historical NAV data and are not projections or forecasts.
• Illustrative examples using financial calculators on this Website assume constant rates of return, which do not reflect real-world market behaviour.

The reader should exercise their own judgement and is encouraged to consult a qualified financial advisor before relying on any performance data for investment decision-making.

3. General Information Disclaimer

All content published on this Website — including articles, blog posts, guides, FAQs, service descriptions, calculator results, and market commentary — is provided for general information and educational purposes only. It does not constitute, and must not be construed as:

• Personalised investment advice or recommendation tailored to any individual's financial goals, risk appetite, investment horizon, or tax situation.
• An offer, invitation, or solicitation to buy or sell any specific mutual fund scheme, insurance product, bond, Alternative Investment Fund, Portfolio Management Service, or any other financial instrument.
• Tax advice. While we highlight potential tax benefits associated with certain investments (such as ELSS, 54EC bonds, etc.), the actual tax treatment depends on each individual's specific circumstances under the Income Tax Act, 1961, and is subject to change. Please consult a qualified tax advisor.
• Legal advice of any nature.

Every individual investor has unique financial circumstances, objectives, and risk tolerance. A financial product that is appropriate for one investor may be entirely inappropriate for another. We strongly advise you not to make any investment or insurance decision based solely on the general information on this Website without first obtaining personalised advice.

4. Insurance Products Disclaimer

Insurance products distributed through Singhal Consultancy Services are subject to the following important disclosures:

• All insurance products are governed by the terms, conditions, exclusions, and waiting periods set by the respective insurance company. Singhal Consultancy Services facilitates the placement of insurance but is not the insurer and is not responsible for claim settlement or policy terms.
• Life insurance policies, including term plans and ULIPs, are subject to the standard exclusion of suicide within the first year of the policy and other exclusions as specified in the policy document. Please read the policy document and product brochure carefully.
• Health insurance policies are subject to pre-existing disease waiting periods, sub-limits, co-payment clauses, and other conditions. Coverage may vary significantly between insurers and policy types.
• The premium amounts and coverage details mentioned in any illustration on this Website are indicative only and are subject to change based on the insurer's underwriting decisions, your age, health status, and other individual factors.
• Unit Linked Insurance Plans (ULIPs) are market-linked products and are subject to investment risk in addition to insurance risk. The fund value may go up or down depending on market conditions and is not guaranteed by the insurer.
• Tax benefits under insurance policies are subject to the provisions of Section 80C, 80D, 10(10D), and other applicable sections of the Income Tax Act, 1961, and are subject to changes in law.

5. AIF, PMS, and SIF Disclaimer

Alternative Investment Funds (AIFs — Category 1, 2, and 3), Portfolio Management Services (PMS), and Specialised Investment Funds (SIF) are high-risk investment products intended for Accredited Investors and High-Net-Worth Individuals (HNIs) who meet the minimum investment thresholds prescribed by SEBI regulations. These products:

• Are not suitable for investors with a low risk appetite or limited investment experience.
• May involve significantly higher fees, performance fees (carried interest), and lock-in periods compared to traditional mutual funds.
• Are less liquid than mutual funds and may not permit redemption for extended periods.
• Are subject to concentration risk as portfolios may hold a limited number of securities or asset classes.
• Should be considered only after a thorough understanding of the Private Placement Memorandum (PPM) and consultation with a qualified financial advisor.

6. Third-Party Content and Calculators

Financial calculators (SIP calculator, EMI calculator, goal planner, etc.) available on this Website are tools for general illustration purposes only. Outputs are based on assumed rates of return and user-provided inputs, and do not represent actual projections or guaranteed outcomes. Actual results will differ based on market performance, fund selection, entry and exit loads, applicable taxes, and individual investor behaviour.

This Website may reference, link to, or reproduce information from third-party sources including AMFI, SEBI, IRDAI, fund houses, and financial news portals. While we endeavour to use reliable sources, we make no warranty as to the accuracy, completeness, or timeliness of such third-party information. Singhal Consultancy Services is not responsible for any errors or omissions in third-party content.

7. Regulatory Registrations

For your reference and verification, our regulatory registrations are as follows:

You can independently verify our AMFI ARN at amfiindia.com and our IRDAI registration at irdai.gov.in. We encourage you to exercise this right to ensure you are dealing with a legitimate, regulated entity.

8. Recommendation to Seek Professional Advice

Before making any investment or insurance decision, we strongly recommend that you:

• Clearly define your financial goals, investment horizon, and risk tolerance.
• Assess your current financial position including income, expenses, liabilities, existing investments, and insurance coverage.
• Consult a qualified financial advisor who can provide advice tailored to your specific circumstances.
• Read all scheme-related documents, including the Scheme Information Document (SID), Key Information Memorandum (KIM), and Statement of Additional Information (SAI) for mutual funds; and the policy document and product brochure for insurance.
• Understand all fees, charges, exit loads, lock-in periods, and tax implications before committing.

Our team at Singhal Consultancy Services offers free consultations to help you make informed decisions. Manan Singhal (CFP, NISM) and our advisory team will take the time to understand your complete financial picture before making any recommendation. We invite you to book a free consultation — there is no obligation to invest.

9. Limitation of Liability

Singhal Consultancy Services, its principals, employees, and agents shall not be liable for any loss, damage, cost, or expense (including loss of profit or loss of opportunity) that you may suffer arising from your reliance on information published on this Website, whether direct, indirect, incidental, or consequential. This includes any financial loss arising from investment decisions made on the basis of information on this Website without seeking personalised professional advice.

While every effort is made to ensure that information on this Website is accurate and current, we make no warranty as to its completeness, accuracy, or suitability for any particular purpose. The financial markets are inherently unpredictable and no advisory firm, regardless of its expertise, can guarantee investment outcomes.

10. Grievance Redressal

If you have any concerns about the content on this Website, the advisory services provided, or any aspect of your investment or insurance experience, please contact our Grievance Officer:

Grievances will be acknowledged within 48 hours and resolved within 30 days. If you are not satisfied with our resolution, you may escalate the matter to SEBI through the SCORES portal (scores.sebi.gov.in) for investment-related complaints, or to the IRDAI through the Bima Bharosa portal or the Insurance Ombudsman for insurance-related complaints.