TMI BlogDISCLOSURE DOCUMENTX X X X Extracts X X X X X X X X Extracts X X X X ..... losure Document enumerates the minimum disclosure requirements to be contained in the disclosure document. The portfolio manager may make any other disclosures, which in its opinion are material for the investor, provided that such information is a statement of fact and is not presented in an incomplete, inaccurate or misleading manner. It should also be ensured that inclusion of such information does not, by virtue of its nature or manner of presentation, hamper understanding of any information that is required to be included under the model disclosure document The model Disclosure Document specifies only the nature of the disclosures that should be contained under various heads in the disclosure document and is not intended to describe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... All terms used in the Disclosure Document be defined. The language and terminology used in the Disclosure Document shall be as provided in the Regulations. Any new term if used shall be clearly defined. All terms shall be used uniformly throughout the text of the Disclosure Document. 3. Description (i) History, Present Business and Background of the portfolio manager. (ii) Promoters of the portfolio manager, directors and their background. (iii) Top 10 Group companies/firms of the portfolio manager on turnover. basis (latest audited financial statements may be used for this purpose) (iv) Details of the services being offered: Discretionary/ Non-discretionary / Advisory. 4. Penalties, pending litigation or proceedings ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pplicable laws/regulations/ guidelines. 6. Risk factors (i) Statement to the effect that securities investments are subject to market risks and there is no assurance or guarantee that the objective of the investments will be achieved. (ii) Statement to the effect that past performance of the portfolio manager does not indicate its future performance. (iii) Risk arising from the investment approach, investment objective, investment strategy and asset allocation. (iv) Risk arising out of non-diversification, if any. (v) If the portfolio manager has no previous experience/ track record a disclosure to that effect shall be made. (vi) All transactions of purchase and sale of securities by portfolio manager and its employee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ime Weighted Rate of Return method in terms of Regulation 22 of the SEBI (Portfolio Managers) Regulations, 2020. 1 [ Provided that this sub-clause shall not apply in case of the Co-investment Portfolio Manager. ] 10. Audit Observations Audit observations of the preceding 3 years 11. Nature of expenses (i) Investment management and advisory fees. (ii) Custodian fee. (iii) Registrar and transfer agent fee. (iv) Brokerage and transaction cost. A brief explanation shall be given to assist the investor in understanding the various costs and expenses that an investor may have to bear directly or indirectly. Additionally, appropriate cross-references may be given to the relevant sections of the offer document for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... last 3 financial years and the net worth as on the last date of the respective years. (optional) 2. Investment profile of the client (a) Investment experience regarding securities. (b) Indicative percentage of total investment portfolio proposed to be invested with the portfolio manager (optional). (c) Overall investment goals such as capital appreciation or capital appreciation and regular income or regular income. (d) Risk tolerance i.e. low, medium or high. (e) Time period for which investments are proposed to be made with the portfolio manager. (This has to be same as the term of the agreement) (f) Provisions for systematic withdrawal on a monthly, quarterly, annual basis etc. 3. Investment approach opted by t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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