TERM SHEET –

IIFL MULTICAP PMS

This is with reference to the Portfolio Management agreement executed between yourselves (the “client”) and IIFL Asset
Management Limited (the “Portfolio Manager”) relating to the terms and conditions governing the portfolio
management services availed by you from the Portfolio Manager.

Under the Portfolio Management Services availed, I/We wish to invest in IIFL Multicap PMS (hereinafter referred to as
“Strategy”) on the following agreed terms and conditions:
IIFL MULTICAP PMS
Type of Portfolio Discretionary Portfolio Management Services
Portfolio Manager IIFL Asset Management Ltd. (IIFL AMC)
The objective of the strategy is to generate long term capital appreciation for investors
Basic Theme
from a portfolio of equity and equity related securities.
The investment strategy is to invest in companies & sectors that are available at
significant discount to their intrinsic value and provide earnings visibility. The strategy
takes a concentrated position in stocks and sectors and endeavors to strategically change
allocation between sectors depending on changes in the business cycle.
Strategy
• Equity Investment – up to 100%
• Liquid schemes of Mutual funds and other securities as per discretion of Portfolio
Manager
Recommended Time Recommended time horizon for effective portfolio returns as envisaged by the portfolio
Horizon manager is 36 months and above
Minimum Investment
INR 25 Lakhs
Amount
Management fee 2.50% per annum. Management fee will be computed on Daily NAV (charged monthly)
Placement fee Upto 2% of Commitment Amount
Benchmark Nifty 50
Brokerage 0.12% of transaction value
Statutory/Other charges as applicable (STT/Demat/Goods & Service tax/custodial
Other charges
charges etc.)@
Exit Fees will be calculated basis the initial date of investment by the Client in the
Portfolio on FIFO Basis as follows;
Exit Fees Less than 12 months – 3% of amount withdrawn
12 months or more but less than 24 months – 2% of amount withdrawn
24 months or more but less than 36 months – 1% of amount withdrawn**
@ GST credit shall not be available on brokerage and other expenses like custody, audit etc as they are settled at the pool level
**Exit load shall be calculated on the redemption value of the portfolio on the date of redemption

KEY RISK FACTORS:

1. Investments in the equity shares of the Companies are subject to price fluctuation on daily basis. The volatility in the
value of equity is due to various micro and macro-economic factors like economic and political developments,
changes in interest rates, etc. affecting the securities markets. This may have adverse impact on individual securities
and consequently on the Net Asset Value of the Portfolio.
Potential Loss of Principal: It is possible that the client may receive zero or negative return (loss of capital) over the
Investment period.

SIGNATURE SIGNATURE SIGNATURE

First Holder/ Second Holder/ Third Holder/
Authorised Signatory Authorised Signatory Authorised Signatory

This page to be signed by all parties to the agreement

IIF L ASS E T M AN AG E M E N T L TD .| P r i va t e & Co n f i d e n t i al | I n t e r n al C i r c u l a t i o n O n l y 1

TERM SHEET –
IIFL MULTICAP PMS

2. The value of the Portfolio investments, may be affected generally by factors affecting securities markets, such as
price and volume volatility in the capital markets, interest rates, currency exchange rates, changes in policies of the
Government, taxation laws or policies of any appropriate authority and other political and economic developments
and closure of stock exchanges which may have an adverse bearing on individual securities, a specific sector or all
sectors including equity and debt markets. Thus there is no assurance or guarantee that the objectives of any of the
Portfolios will be achieved. The investments may not be suited to all categories of Investors.
3. Investors may note that Portfolio Manager's investment decisions may not always be profitable, as actual market
movements may be at variance with anticipated trends.
4. Securities which are not quoted on the stock exchanges are inherently illiquid in nature and carry a larger liquidity
risk in comparison with securities that are listed on the exchanges or offer other exit options to the investors,
including put options. The Portfolio Manager may choose to invest in unlisted securities that offer attractive yields.
This may, however, increase the risk of the portfolio. Additionally, the liquidity and valuation of the portfolio
investments due to its holdings of unlisted securities may be affected if they have to be sold prior to the target date
of disinvestment.
5. Past performance of the Portfolio Manager does not guarantee the future performance.
6. The name of the Strategy does not in any manner indicate either the quality of the Strategy or its future prospects
and the returns.
7. Force Majeure: If, for reasons beyond the control of the Portfolio Manager, the performance of the portfolio is
prevented by reason of force majeure including but not limited to an act of state or situations beyond the reasonable
control of the Portfolio Manager, occurring after such obligation is entered into, or has become illegal or impossible
in whole or in part or in the exercising of its rights, the Portfolio Manager may at its discretion and without obligation
to do so, redeem the investment.
OTHER TERMS & CONDITIONS:
a) Client hereby confirms that they have read and understood the contents of the Disclosure Document as prepared in
accordance with Schedule V of the SEBI (Portfolio Managers) Regulations 1993, along with the certificate in Form C
as prepared in accordance with Schedule I of the said regulation and that it was provided to them at least two days
prior to entering into the PMS agreement.
b) This term sheet shall become effective on both parties signing this term sheet and constitutes a complete and
exclusive understanding of the terms of strategy between the parties and supersedes and revokes all previous
agreements, if any, pertaining to this strategy. Any amendments, modifications and / or alterations to the provisions
of this term sheet, shall be effected only by mutual consent expressed in writing. In case of any inconsistency
between the provisions of this term sheet and Original Portfolio Management Agreement, the terms contained in
this agreement shall prevail. All other terms and conditions of the Original Portfolio Management Agreement shall
continue be applicable mutatis mutandis as specifically incorporated herein.
DEFINITIONS:
a) Equity and Equity Related Securities– Includes Listed / Unlisted Stocks, Equity Derivatives, Preference shares,
ETF’s, Equity Funds, Equity Oriented Balanced Funds, Non Principal Protected Structured Products and any security
/ fund which has equity as an underlying asset class. Equity related instruments are securities which give the holder
of the security right to receive equity shares and includes share warrants, convertible preference shares and
compulsorily or optionally convertible debentures

SIGNATURE SIGNATURE SIGNATURE

First Holder/ Second Holder/ Third Holder/
Authorised Signatory Authorised Signatory Authorised Signatory

This page to be signed by all parties to the agreement

IIF L ASS E T M AN AG E M E N T L TD .| P r i va t e & Co n f i d e n t i al | I n t e r n al C i r c u l a t i o n O n l y 2

TERM SHEET –
IIFL MULTICAP PMS

DISCLAIMERS:
1. This Term Sheet is for Circulation in India only.
2. The past performance of the Portfolio Manager in any Portfolio is not indicative of the future performance in the
same or in any other Portfolio either existing or that may be offered. Investors are not being offered any guaranteed
or indicative returns through these services. There is no assurance or guarantee that the objectives of the securities
advised or managed by Portfolio Manager will be achieved.
3. Investors should carefully read all disclosure document and terms and conditions of this Term Sheet before
investing and shall not make IIFL AMC and/or its associates/employees liable for any risks/losses pertaining to any
products launched / advised IIFL AMC from time to time.
4. Recipient shall understand that the aforementioned details cannot disclose all the risks and characteristics. The
recipient is requested to take into consideration all the risk factors including their financial condition, suitability to
risk return profile, and the like and take professional advice before investing.
5. For tax consequences, each client is advised to consult his / her own professional tax advisor.

DISCLOSURES:
I / We understand that:
a) IIFL AMC and its group, associate companies are engaged in providing various financial services and for the said
services (including the service for acquiring and sourcing the securities acquired/advised under PMS) the said
companies may earn fees or remuneration in form of arranger fees, distribution fees, referral fees, advisory fees,
management fees, trustee fees, Commission, brokerage, transaction charges, underwriting charges, issue
management fees and other fees.
b) IIFL AMC acts as Investment Manager and associate companies act as Trustee to Scheme(s) of Mutual Fund,
Alternative Investment Funds and Venture Capital Fund in which Portfolio Manager may invest and accordingly
they may earn management and trustee fees, for the same.
c) The trades may be executed by the Portfolio Manager through IIFL Wealth Management Limited as Stock Broker/
Authorized Person of India Infoline Limited (IIL) for stock broking business and for the same said entities may
receive brokerage / commission. (i.e up to 0.25% of transaction value).
Apart from above, investment may be made in securities of associates & group companies, investment transaction
may be done with IIFL AMC, its associates and group companies as counterparties and IIFL AMC its associates may
receive various forms of remuneration linked to the transactions done in-connection with trades of Portfolio
Management Services offered to the Client.
d) The Portfolio Manager may invest(s) in securities / mutual fund(s) / instruments, as distributed by IIFL Wealth
Management Limited (IIFW) holding company for IIFL Asset Management Limited, for which the associate/group
company may receive distribution or other commission/fees

SIGNATURE SIGNATURE SIGNATURE

First Holder/ Second Holder/ Third Holder/
Authorised Signatory Authorised Signatory Authorised Signatory

This page to be signed by all parties to the agreement

IIF L ASS E T M AN AG E M E N T L TD .| P r i va t e & Co n f i d e n t i al | I n t e r n al C i r c u l a t i o n O n l y 3

IIFL MULTICAP PMS
TRANSACTION AUTHORIZATION -

Client Name
Amount (INR)
Payment Mode
Placement Fee (Upto 2% of
Invested Amount)
*If the Placement Fee is not mentioned herein above, default 2% Placement fee will be charged
I/We agree that IIFL AMC and/or its Associates/Employees/ Directors shall not be liable or responsible in any manner
whatsoever for the risk/losses if any pertaining to this investment / disinvestment.
I/We declare that Portfolio is as per my/our investment objectives and suitable for me/us.
I/We hereby undertake and confirm that I/we are registered with KYC Registration Agency (KRA), and are KRA
compliant.

(Client is to write in his/her own handwriting that “I/We have read the complete Fee Structure, Annexure I and understood it.”)

SIGNATURE SIGNATURE SIGNATURE

First Holder/ Second Holder/ Third Holder/
Authorised Signatory Authorised Signatory Authorised Signatory

1) Witness: Name Address and Signature

2) Witness: Name Address and Signature

For IIFL Asset Management Ltd.

(Authorised Signatory)

1) Witness: Name Address and Signature

2) Witness: Name Address and Signature

FOR OFFICE USE

Client Name
Existing Client YES / NO
KYC is approved by KRA in case of new client YES / NO / Applied
Original PMS Agreement is available (Date) YES ( )

Name: ____________________________
Signature: _________________________
(Signature from authorized signatory from Operations Team)

This page to be signed by all parties to the agreement

IIF L ASS E T M AN AG E M E N T L TD .| P r i va t e & Co n f i d e n t i al | I n t e r n al C i r c u l a t i o n O n l y 4