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How to use equity funds in Prime Funds in your portfolio


April 26, 2022

Prime Funds is our list of recommended funds across equity, hybrid, and debt funds. Well, that’s straight enough to understand. But knowing the list of best funds to invest in is just part of the process. Knowing how to mix them and use them in the right allocation is the other part. Therefore, we bucket Prime Funds into categories that are more usable and offer an idea of how to use them, instead of the normal SEBI classifications.

(Of course, PrimeInvestor subscribers always have access to Prime Portfolios, our ready-to-use portfolios for various time frames and needs. This is suitable if you are new to mutual funds. But if you wish to build your own portfolio with our recommended list of funds, then read on).

But for those of you used to SEBI’s categories, Prime Funds may seem incomplete. For those of you newer to mutual funds, you may be at a loss on how to allocate between Prime Funds. And there are some of you who just plain wonder why we classify the way we do!

In this three-part series, we’ll explain how we categorise funds in Prime Funds and how to use each category in your portfolio. If you’re already an MF veteran, then this series is not for you!

In this first part, we will cover equity funds. In the next, we will take up debt and hybrid funds.

Prime Funds: How to build a portfolio with the right allocations

Equity funds – why SEBI’s categories don’t work

Let’s understand why we reclassify funds Prime Funds in the first place. Any portfolio needs a mix of stability (that comes from large-cap stocks) and aggression (that comes from mid-cap and small-cap stocks, as well as the nature of fund strategy). However, the equity fund categories don’t always neatly fit into these slots.

The problem lies in the fact that some SEBI categories are defined based on market-cap allocation and some that are defined by the strategy they follow. Relying purely on SEBI-defined categories has the following drawbacks:

  1. You may miss good funds that fit a particular need because the fund was in another category. 
  2. You may not realise the actual risk in a fund or its return potential and make higher or lower allocations than you could have otherwise done.
  3. You may not know how much to allocate to each SEBI category, given their sheer number.

We’ll explain further.

Large-cap funds are clearly large-cap. But four other categories also feature funds with predominant large-cap exposure: flexi-cap, value/contra, focused, dividend yield. Then there are index funds that are built on large-cap indices. So, while large-cap funds find it hard to beat the Nifty 100, there may be funds from the flexi-cap or value basket that could well do so, for marginally higher risk.

Running a quick scan in our MF Screener, for example, shows that at least a third of the value & contra categories had large-cap allocations of 70% or more in their March portfolios. The Contra funds in our Prime Funds have heavy large-cap allocations. Similarly, funds in the flexi-cap category have at least 60% in large-caps. 

The same holds for funds with a heavier tilt towards mid-cap or small-cap stocks – there are several categories that have higher allocations to these market-cap segments. For example, SBI Focused Equity in our Prime Funds currently holds about 30% in mid-cap/small-cap stocks and has gone even higher before. The extent of exposure will obviously differ between funds and categories. But the fact remains that these funds still play the role of high-return, high-volatility in your portfolio. 

The table below captures how different categories can suit the same purpose.

Therefore, classification based on the SEBI category would mean that funds from the same category could have very different risk-return profiles. Your allocation to these funds needs to be based on their volatility and return potential. Unless you are aware of the differences, you may be misled in your approach. 

The other aspect with relying purely on SEBI categories is the sheer number. There are 10 different equity fund categories! Should you have allocations to each of them? Wouldn’t that lead to too many funds? Which category can you skip? Which needs to necessarily form part of your portfolio? 

We re-classify Prime Funds in order to address these three drawbacks. Our fund rating methodology is also designed to deal with these overlaps. Therefore, each Prime Funds equity set pulls suitable funds from across categories:

  • Equity – moderate houses funds that have a large-cap tilt, or which are not overly aggressive in their strategy, or are index funds that track low-volatile or large-cap indices.
  • Equity – aggressive houses funds that have a higher mid-cap or small-cap allocation, have aggressive strategies or relatively unproven track records, or are index funds tracking high-risk indices.
  • Equity – tax saving features ELSS funds eligible for deduction under Section 80C of the Income Tax Act.
  • Strategy/thematic has sector-specific or thematic funds that need timed entry and exit

Now, let’s get into each of these and explain how to use them.

Equity – Moderate

This Prime Funds classification is designed to meet the basic foundation of your long-term portfolio. 

What: When we say ‘moderate funds’, we mean funds that have at least 70% allocated to large-cap stocks on an average over the past couple of years. The fund categories that this Prime Funds set draws from are large-cap, index, flexi-cap, contra/value (currently – this may widen if we add more in our quarterly reviews).

Why: Large-cap oriented funds are the best suited for these due to their lower volatility than their mid-cap or small-cap peers. Over the past 15 years, for example, the Nifty 100 was loss-making about 20% of the time in 1-year periods. The Nifty Midcap 150 was in losses 27% of the time, with higher loss extent. Standard deviation in return (measures volatility) is far lower in the Nifty 100 than the Nifty Midcap 150. Using these funds as the base of a long-term portfolio will allow containing volatility, prevent big declines, but still ensure a reasonable return.

How much: All portfolios need allocation to Equity – Moderate funds, regardless of risk profile. However, you can use your risk and timeframe to decide how much you need to allocate. Broadly, you can use the following guidelines:

  • When your timeframe is shorter at 3-5 years: This timeframe means your overall equity allocation itself will be low (anywhere between 15-50%, across risk levels). The majority of this needs to be in Equity – Moderate funds. Conservative investors can hold the entire equity in these funds. Else, you can keep this exposure at about 30-40% (of the portfolio) and hold the remaining 10-20% (of the portfolio) in Equity – Aggressive funds. This can be based on whether you are moderate or very aggressive in risk and if your timeframe tends more towards the upper end of the band.
  • When your timeframe is longer at 5-7 years: In these timeframes, overall portfolio equity allocation can go much higher - up to 65% or even 70% if you’re especially aggressive. Again, the allocation to Equity – Moderate funds should be based on your risk level. You can allocate entirely to these funds if you want to keep a lid on risk. But as you move up the risk profile, you can begin reducing the exposure. A ballpark would be between 30-40% (of the portfolio) – higher allocation if you are moderate risk taker and lower if you are aggressive. When you are paring the allocation down, you need to be more careful with the range of aggressive funds you use (see the section on Equity - Aggressive).
  • When your timeframe is above 7 years: In these timeframes, you can push up to 80% in equity. Here, while you may be conservative know that the time frame gives you the freedom to take some additional risk in exchange for returns. So, try to avoid allocating fully to Equity - Moderate. You can be choosy about aggressive funds, instead! For other risk profiles, it is entirely your choice – just don’t cut back too drastically. Try to hold at least 30% (of your portfolio) in Equity – Moderate funds.

Fund differences: The Equity – Moderate is a mix of funds across categories plus passive funds. Because of this, there are some differences between the funds. This apart, each fund is different in terms of strategy from the other, as this is needed for a diversified portfolio. Prime Funds aims at having a good mix!

That said, some funds can be riskier than the others. The risk comes from both market-cap allocation as well as strategy followed. The index funds (housed under the Passive sub-section) are the least risky. Next in line would be the plain vanilla large-cap funds. This would be followed by those that have some allocation to midcap stocks – like some of the Contra or Flexicap funds in our list. 

Generally speaking, the more conservative you are, the more you can stick to passive and large-cap funds. Next, when your timeframe is longer and/or your allocation is higher, you can mix in the relatively riskier Equity – Moderate funds to kick up returns. Read the ‘Why this fund’ to know the strategy and suitability of each fund.

Equity – Aggressive

This Prime Funds classification is designed to include funds that invest in mid-cap and small-cap market segments to deliver higher returns, but which come with more volatility. 

What: When we say ‘aggressive funds’, we mean funds that have a moderate to high exposure in mid-cap or small-cap stocks, or which follow aggressive investment strategies. The fund categories that this Prime Funds set draws from currently are midcap, smallcap, flexi-cap, focused, multi-cap, large-and-midcap and index. 

Why: When markets rally, the best way to capture that upswing is through midcaps and smallcaps given their high return nature. The max 1-year return that the Nifty Midcap 150 threw up over the past 15 years, for instance, was 169% compared to the Nifty 50’s 112%. Therefore, allocation here will give a portfolio the return push it needs. 

How much: Allocation to Equity – Aggressive funds is a factor of your timeframe and risk. You don’t absolutely need these funds, especially if you’re holding equity in your post-retirement portfolio or you cannot handle market falls. That said, here are some broad guidelines you can follow:

  • When your timeframe is shorter at 3-5 years: As explained in the Equity – Moderate section, it’s best to avoid holding aggressive funds for timeframes such as this. If you absolutely must, you can up to 10-20% (of the portfolio) in Equity – Aggressive funds. Decide this based on your risk level and if you’re tending more towards a 5-year holding. If you’re unsure, skip these funds altogether. If you do allocate to aggressive funds, avoid the pure mid-cap and small-cap funds/indexes. Go instead for the ones more multi-cap by nature.
  • When your timeframe is longer at 5-7 years: Here too, if you are conservative, you can avoid Equity – Aggressive funds. Else, you can have anywhere between 25-35% of the portfolio in these funds. Higher if you can take the risk and lower if not. But here, be careful about the funds you make part of the portfolio. For instance, don’t go all-in on smallcap funds. Pick midcap funds that score on downside containment. Or mix midcap funds along with the less aggressive funds that hold large-caps as well. This will help you earn the better returns you want but will not lift the portfolio risk to unmanageable levels, given the timeframe.
  • When your timeframe is above 7 years: This timeframe is where you can run the length in risk. If you’re conservative, you can limit allocation to say 15-20% of the portfolio. Choose broad-market index funds such as the Nifty 500, or go for funds that do especially well on downside containment. You can avoid pure small-cap funds. For other investors, you can take aggressive allocation to levels as high as 50% if you wish to! Our High-Growth ready-to-use portfolio adopts such a stance. The more middle-ground would be an allocation of 25-35%. The range of fund choices we have given in the Equity Aggressive set allow you to keep good allocations, but still maintain risk at manageable levels.

Fund differences: The Equity – Aggressive mixes pure mid-cap and small-cap funds along with multiple other categories. It has index funds, representing the mid-cap space and the broad-market space. And it has a separate section for ‘Tactical’ funds, which are high-returning funds that can be used to ride market momentum for the time being.

As explained above, the range of options is wide. The pure midcap and smallcap options work well for those looking to exclusively play the space and who want high return. The funds that rank lower on risk but are still aggressive by strategy or by the extent they can reduce large-cap exposure in market cycles are those coming from other categories – like the focused fund, flexi cap or even a broad based theme fund we have in our list, besides, some of the passive funds like the Nifty Next 50 or the Nifty 500. 

Use the differences between each fund to balance the level of risk you’re taking. When your allocation is large, it’s best to use a mix of pure midcap and smallcap funds along with the more multi-cap ones. Read the ‘Why this fund’ to know the strategy and suitability of each fund.

Equity – tax saving

This one is simple – it just picks funds from the ELSS category. Typically, these funds tend to be multicap by nature. Therefore, if you are considering these funds as part of your portfolio, then put them under the ‘aggressive’ allocation in your portfolio. We do not look at the pension funds SEBI category for tax-saving purposes, given their moderate performance and the much longer 5-year lock-in.

Strategy/ thematic

This Prime Funds set picks sector and thematic funds. You do not necessarily need these funds in your portfolio, even if you are a high-risk investor. These funds work very well for investors with large portfolios and who can thus diversify more effectively. It also helps investors who don’t own direct stock investments to gain from sectors stock markets are focusing on in a particular market cycle.

Barring a couple, a sector/thematic fund cannot be considered as a steady part of your portfolio – you will need to exit when the theme is done or book profits to take money off a strong rally. For example, a commodity fund may need an exit when the cycle turns but a more broad-based theme fund that is less cyclical may call for profit booking than an exit.

Your approach should be to allocate 10-20% of your portfolio in thematic funds in general (i.e., not one specific fund, but overall to play different sector/theme opportunities). Allocation to these funds needs to come from your overall ‘aggressive’ allocation. And that means you ideally keep the Equity Moderate allocation intact and divert part of your Equity Aggressive allocation to these funds.

As always, do remember that these are guidelines only. Please don’t request us to align your portfolios in lines with these suggestions 😊You can tweak these guidelines based on your understanding and funds you already own. There’s no hard-and-fast rule here! 

And if all this seems like too much work – well, we are going to develop a ‘Build your own portfolio’ tool. We hope to have it up in a few months’ time. Until then, here are the links to Part 2 and Part 3 :
Prime Funds: Use them to build your portfolio right (Part 2)
Prime Funds: Using hybrid funds in your portfolio (Part 3)

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The Research Service, including recommendations, research reports, updates, and other information will be accessible through the RA’s website https://primeinvestor.in only. Such recommendations and updates will not be provided over phone calls.

Fees: Our current fee structure, the term and duration of our subscription for our Research Service, can be viewed on our website: https://primeinvestor.in/prime-pricing. Eligibility for any discounts is ascertained at the time the client subscribes. Any such discount and its tenure shall be at the discretion of the RA.

Subscription and access to content services fall under the purview of Goods and Services Tax (GST) as per the current indirect taxation policy, Government of India. Unless otherwise indicated, prices stated on our website are exclusive of applicable GST, any applicable value added tax (VAT) or other sales taxes. We are a business-to-consumer (B2C) service provider and we do not commit to provide any input tax credit on GST charged on subscription to our Research Service.

We may change the Subscription Fees and charges then in effect, or add new fees or charges which will take effect at the end of the client’s subscription period, by giving notice in advance and an opportunity to cancel renewal of the subscription.

Subscription Access & Renewal: Subscription to the Website commences immediately on the realisation of payment of the Subscription Fees. Subscriptions are set to be renewed automatically at the end of the subscription period.

Unless the client notifies us before the end of his/her subscription period, or the client cancels the auto-renewal mandate within the period specified by law, that the client does not wish to renew his/her subscription, the client’s subscription will renew for the period defined by the client’s subscription plan. We will charge the subscription using the same payment method that you previously used.

Although the client may notify to us his/her intention to his/her subscription, such notice will only take effect at the end of his/her then current subscription period, and he/she will not receive a refund other than as set out under Clause 8 in these Terms.

The client may notify us of his/her wish to cancel his/her subscription by sending an email to [email protected]. The client must provide at least 5 business days advance notice for this to be implemented.

Refunds: There can be no cancellation and refund of subscription fee paid once the subscription is active, other than as stated in Clause 8 of these Terms. If the client is entitled to a refund as specified under Clause 8 of these Terms, the RA will credit that refund to the card or other payment method used by the client to submit payment, unless it has expired - in which case the RA will contact the client to proceed with the refund. If we do issue a refund or credit due to circumstances outside the obligations specified under Clause 8, we are under no obligation to issue the same or a similar refund in the future.

General disclaimers: The recommendations made herein in the Research Services are expression of views and/or opinions and should not be deemed or construed to be advice for the purpose of purchase or sale of any security, nor a solicitation or offering on any investment/ trading opportunity on behalf of the company, AMC, insurance company, or issuer of security referred to herein.

The content and research reports generated by the RA does not constitute or is not intended to constitute an offer to buy or sell, or a solicitation to an offer to buy or sell financial products, units or securities.

The information/ opinion/ views mentioned in research reports or by the RA are not meant to serve as a professional guide to the client or recipients of this Report. The research report, recommendation, or any other content published by the RA do not assure or guarantee any minimum or fixed returns to the client or recipients of the reports/ recommendations/ content.

Use of this information is at the client’s own risk. The client must make his/ her own investment decisions based on his/her specific investment objective and financial position and using such independent advisors as he/she believes necessary. The services rendered by the RA are on a best-effort basis. All information in the content or research report of the RA is provided on an as is basis. Information is believed to be reliable but the RA does not warrant its completeness or accuracy and expressly disclaim all warranties and conditions of any kind, whether express or implied.

While due care has been taken to ensure that the disclosures, information, and opinions given are fair and reasonable, PrimeInvestor Financial Research Pvt Ltd and/or none of its officers, directors, partners, employees, agents, subsidiaries, affiliates or business associates shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information/ opinions/ views contained in the research report and recommendations that form part of the Research Service, and/or mails, social media or notifications issued by PrimeInvestor Financial Research Pvt Ltd or any other agency appointed/authorised by PrimeInvestor Financial Research Pvt Ltd. Returns and performance figures mentioned in the research report represent past performance and should not be constituted to be future returns or guaranteed returns.

Any agreements, transactions or other arrangements made between the client and any third party named on (or linked to from) the Website are at your own responsibility and entered into at your own risk. Any information that you receive via the Website, whether or not it is classified as “real time”, may have stopped being current by the time it reaches you. Market price information may be rounded up/down and therefore may not be entirely accurate.

The purpose of these disclosures is to provide essential information about the Research Services in a manner to assist and enable the prospective client/client in making an informed decision for engaging in Research Services before onboarding.

History, present business and background: PrimeInvestor Financial Research Private Limited is registered with SEBI as Research Analyst with registration no. INH200008653. The Research Analyst got its registration on August 19, 2021 and is engaged in offering research and recommendation services.

Disciplinary history: There are no pending material litigations or legal proceedings against the Research Analyst. As on date, no penalties / directions have been issued by SEBI under the SEBI Act or Regulations made thereunder against the Research Analyst relating to Research Analyst services.

Details of the RA's associates: No associates.

Usage of Website Content: This Website is controlled and operated by the RA. All material, including research reports, recommendations, portfolios, ratings, lists of financial products, illustrations, statements, opinions, views, photographs, products, images, artwork, designs, text, graphics, logos, button icons, images, audio and video clips and software (collectively, “Content”) are protected by copyrights, trademarks and other intellectual property rights that are owned and controlled by the RA or by other parties that have licensed their material to us.

Except where otherwise agreed in writing with the RA, material on the Website is solely for the client’s personal, non-commercial use. Except as provided below, the client must not copy, reproduce, republish, upload, post, transmit or distribute such material in any way, including by e-mail or other electronic means and whether directly or indirectly and the client must not assist any other person to do so.

Without the prior written consent of the RA, modification of the materials, use of the materials on any other web site or networked computer environment or use of the materials for any purpose other than personal, non-commercial use is a violation of the copyrights, trademarks and other proprietary rights, and is prohibited. Any use for which the client receives any remuneration, whether in money or otherwise, is a commercial use for the purposes of these Terms.

The client may occasionally distribute a copy of a research report, or a portion of the same, from the Website in non-electronic form to a few individuals without charge, provided the client includes all copyright and other proprietary rights notices in the same form in which the notices appear, original source attribution, and the phrase “Used with permission from PrimeInvestor Financial Research Pvt. Ltd.”

While the client may occasionally download and store research reports or information from the Website for his/her personal use, he/she may not otherwise provide others with access to the same. The foregoing does not apply to any sharing functionality we provide through the Website that expressly allows the client to share Content or links to Content with others. In addition, the client may not use Content he/she has downloaded for personal use to develop or operate an automated trading system or for data or text mining.

The client agrees not to rearrange or modify the Content available through the Website. The client agrees not to display, post, frame, or scrape the Content for use on another website, app, blog, product or service, except as otherwise expressly permitted by these Terms. You agree not to create any derivative work based on or containing the research products and Content. The framing or scraping of or in-line linking to the Services or any Content contained thereon and/or the use of webcrawler, spidering or other automated means to access, copy, index, process and/or store any Content made available on or through the Services other than as expressly authorized by us is prohibited.

The client further agrees to abide by exclusionary protocols (e.g., Robots.txt, Automated Content Access Protocol (ACAP), etc.) that may be used in connection with the Research Services. The client may not access parts of the Research Services to which he/she is not authorized, or attempt to circumvent any restrictions imposed on your use or access of the Services.

As a general rule, the client may not use the Content, including without limitation, any Content made available through one of our RSS Feeds, in any commercial product or service, without our express written consent.

The client may not create apps, extensions, or other products and services that use our Content without our permission. The client may not aggregate or otherwise use our Content in a manner that could reasonably serve as a substitute for a subscription to the Website.

The client may not access or view the Services with the use of any scripts, extensions, or programs that alter the way the Services are displayed, rendered, or transmitted to you without our written consent.

The client agrees not to use the Services for any unlawful purpose. We reserve the right to terminate or restrict the client's access to the Website if, in our opinion, the client's use of the Services may violate any laws, regulations or rulings, infringe upon another person's rights or violate these Terms.

Prohibited content: The Website includes comments sections, blogs and other interactive features that allow interaction among clients and between clients and the RA. We call the information posted by or contributed by users “Contributed Content.” In the course of availing of the Research Services or uploading any post or comment on the Website, the client shall not post any Contributed Content that (i) contains nude, semi-nude, sexually suggestive photos, (ii) tends or is likely to abuse, harass, threaten, impersonate or intimidate other users of the Website and/or Research Services, (iii) is lascivious or appeals to the prurient interest or if its effect is such as to tend to deprave and corrupt persons who are likely to use or have access to the Website and/or Services, or (iv) otherwise violates, is prohibited or restricted by applicable law, rule or regulation, is offensive or illegal or violates the rights of, harms or threatens the safety of other users of the Website and/or Services (collectively “Prohibited Content”).

We reserve the right to cease to provide the client with the Research Services or access to the Website, or terminate your subscription, with immediate effect and without notice and liability, for violating these Terms, applicable law, rules or regulations and reserves the right to remove Prohibited Content which is in violation of these Terms, or is otherwise abusive, illegal or disruptive. The determination of whether any content constitutes Prohibited Content, violates these Terms, or is otherwise abusive illegal or disruptive, is subject to the sole determination of the Firm.

Changes to Research Services: We are constantly endeavouring to improve the quality of Research Services provided to our clients. Due to this, the form and nature of the Research Services provided may change from time to time without any prior notice to the client. We reserve the right to introduce and initiate new features, functionalities, components to the Website and/or Research Services and/or change, alter, modify, or discontinue existing ones without any prior notice to the client.

Warranty and liability disclaimer: The Website, Research Services, and all the materials and services, included on or otherwise made available to the client through this Website is provided by the RA on an “as is” and “as available” basis without any representation or warranties, express or implied except otherwise specified in writing. Without prejudice to the foregoing paragraph, the RA does not warrant that:

  • This Website and/or Research Services will be constantly available, or available at all;
  • The information on this Website or provided through the Research Services is complete, true, accurate or not misleading; or
  • The quality of any products, services, information, or other material that you obtain through the Website or Services will meet your expectations.

The RA, to the fullest extent permitted by law, disclaims all warranties, whether express or implied, including the warranty of merchantability, fitness for particular purpose and non-infringement. The RA makes no warranties about the accuracy, reliability, completeness, or timeliness of the Website, Research Services, Content, Contributed Content, Services, software, text, graphics and links.

The RA does not warrant that this Website, Research Services, information, content, materials, or any other material included on or otherwise made available to you through this Website, their servers, or electronic communication sent by the RA are free of viruses or other harmful components.

Nothing on this Website constitutes, or is meant to constitute, advice of any kind.

Indemnification: The client:

  1. Represents, warrants and covenants that no materials of any kind provided by him/her will:
    1. Violate, plagiarise, or infringe upon the rights of any third party, including copyright, trademark, privacy or other personal or proprietary rights; or
    2. Contain libellous, Prohibited Content or other unlawful material;
  2. Hereby agree to indemnify, defend and hold harmless the RA and all of the RA’s officers, directors, owners, agents, customers/clients, information providers, affiliates, licensors and licensees (collectively, the “Indemnified Parties”) from and against any and all liability and costs, including, without limitation, reasonable advocate’s fees, incurred by the Indemnified Parties in connection with any claim arising out of any breach by the client of these Terms or the foregoing representations, warranties and covenants. The client shall cooperate as fully as reasonably required in the defence of any such claim. The RA reserves the right, at its own expense, to assume the exclusive defence and control of any matter subject to indemnification by the client.

Applicable law: This Website, including the Content and Contributed Content and information contained herein, and the provision of Research Services shall be governed by the Securities and Exchange Board of India, laws of the Republic of India and the courts of Chennai, India which shall retain exclusive jurisdiction to entertain any proceedings in relation to any disputes arising out of the same. As such, the laws of India shall govern any transaction completed using this Website.

Information gathered and tracked: Information submitted or collected on the Website or pursuant to the use of the Services is stored in a database. Specifically, we store the username, name, e-mail address, contact number, as submitted or collected on our Website or through the provision of the Research Services. We may use such information to send out occasional promotional materials, including alerts on new Services available, or other promotional and marketing material relating to our clients and customers.

In accordance with the Information Technology Act 2000, the name and the details of the Grievance Officer at PrimeInvestor is provided below:

Mr. Srikanth Meenakshi
PrimeInvestor Financial Research Pvt. Ltd., Registered office: 659, 4th Avenue, D-Sector, Anna Nagar Western Extension, Chennai 600 101.
Email: [email protected]

11. Mandatory notice:

Clients shall be requested to go through Do’s and Don’ts while dealing with RA as specified in SEBI master circular no. SEBI/HO/MIRSD-POD-1/P/CIR/2024/49 dated May 21, 2024 or as may be specified by SEBI from time to time.

12. Optional Centralised Fee Collection Mechanism:

SEBI has operationalized a centralized fee collection mechanism for IA and RA. Under this mechanism, clients shall pay fees to IAs/RAs through a designated platform/portal administered by a recognized Administration and Supervision body. This is an optional mechanism for the registered entities. At this time, PrimeInvestor has opted out of this fee collection mechanism. Therefore, all subscription payments for the Research Services will be through the modes as specified in Clause 5 of these Terms.

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