Disclosure document
Sample page for the demo. WealthX Capital is a made-up portfolio manager used in the WealthX demo. This page shows what a firm on WealthX publishes; it is not a real firm's disclosure, and none of it is investment advice.
A disclosure document tells a prospective client what the portfolio manager does, how it charges and what the risks are, in the order SEBI's schedule sets out. Bracketed values are placeholders for a real firm's figures.
1. Disclaimer
This document has been filed with SEBI. SEBI has not approved or disapproved it, nor certified its accuracy. Read it before investing, and keep it for reference.
2. The portfolio manager
- WealthX Capital Management Private Limited, CIN [U00000MH2026PTC000000], registered office in Mumbai, Maharashtra.
- SEBI registration as a portfolio manager: [INP000000000].
- Principal officer: Aditi Deshpande. Compliance officer: Farida Shaikh.
3. Penalties and litigation
[None. A real firm lists any penalty imposed by SEBI or another regulator, and any pending proceedings, here.]
4. Services offered
| Strategy | Objective | Benchmark |
|---|---|---|
| Flagship Equity | Long-term growth from a concentrated portfolio of 20–30 large and mid-sized Indian companies | BSE 500 TRI |
| Emerging Leaders | Growth from smaller listed companies with room to scale; higher risk | BSE 500 TRI |
Service: discretionary (DPMS), for resident and non-resident Indian clients. Investments are in listed Indian equities, with cash held in liquid funds between investments. Minimum investment ₹50 lakh.
5. Risk factors
- Equity prices can fall, and you can lose part of what you invest. There is no guaranteed return.
- Smaller companies (Emerging Leaders) are more volatile and can be harder to sell.
- A concentrated portfolio moves more than a broad index.
- Past performance does not indicate future results.
6. Fees and charges
| Charge | Rate |
|---|---|
| Upfront fee | None (SEBI doesn't allow one) |
| Management fee | 1.5% a year of the portfolio value, accrued daily, charged quarterly, plus GST |
| Exit load | 3% in year 1, 2% in year 2, 1% in year 3, nil after; counted from each date money was invested |
| Custody, brokerage and other costs | At actuals, shown line by line in your reports |
See how fees work on an example amount with the fee calculator.
7. Performance
[A real firm shows each strategy's returns, after fees, against its benchmark for the current and previous financial years.] Performance of every portfolio manager's strategies is also published on APMI's website.
8. Taxation
Gains are taxed in the client's hands as capital gains or business income, depending on the client's circumstances. The client portal's Gains & tax page shows realised gains by holding period. Consult your tax adviser.
9. Investor services
Client Care: care@wealthxhq.com, +91 22 6900 4100. How complaints are handled is set out in the investor charter.