I fully acknowledge the following risks associated with my Non-SIP investment in the open-end Mutual Fund managed by IDLC Asset Management Ltd.:

1. No Fixed Return:
   Mutual Fund is not a guaranteed or assured-return scheme and the past performance of the Sponsor and their affiliates or the Asset Manager does not guarantee the future performance of the Fund.
2. NAV / Buy Price / Sale Price Fluctuation:
   Due to the fluctuations of the price of the securities in which the Mutual Fund invests, the value of NAV/Buy Price/Sale Price of the units of the Fund may go up or down.
3. Market Liquidity:
   While securities those are listed on the stock exchange(s) carry lower liquidity risk, the ability to sale these investments made from the Mutual Fund is limited by the overall trading volume on the Stock exchange(s).
4. Maximum Period for Redemption Processing:
   If the redemption request on a particular day exceeds 1% of the outstanding units, the Asset Manager may defer the redemption request for a maximum period of seven (07) working days due to portfolio rebalancing.
5. Government Policy:
   Government policy and tax laws may change in any fiscal year, affecting the return on investments of the fund, which may eventually affect the NAV and return of the Units.
6. Tax Rebate Facility:
   As per 6th Schedule Part 3 para 2 (7) (kha) of Income Tax Act, 2023, investment made in a fiscal year with Unit Certificate issued by any financial institution or ICB or Asset Manager or Fund Manager is eligible for tax rebate. This is subject to change as per prevailing tax structure.

I am also aware of the following Operational process / policies related with buy / sale of units of the Mutual Fund:

7. Exit Load:
   Exit load will be applicable on the surrender amount if full/partial fund is withdrawn within a certain period from the account opening date.
8. Dividend Adjustment & Disbursement:
   If the trustee declares dividend for a particular year, then NAV of the Mutual Fund will be adjusted accordingly. The Asset Manager will dispatch the Dividend within 45 days from the declaration of dividend.
9. Trading Suspension Period:
   Buy/sale of units will be suspended (a) on the record date of the fund and (b) during the book closure/annual audit period (usually first two/three weeks of July each year) of the Mutual Fund.
10. Sale Price:
    If any surrender request is submitted in any day through Surrender Form / Digital Platform, then that day's prevailing sale price will be applicable for calculating the surrender amount, irrespective of transferring the units from the investor’s BO account to the Mutual Fund’s BO accounts.