Risk Profiling & Suitability Policy

Risk Profiling Questionnaire Areas

Age / life stage
Income and savings capacity
Existing portfolio / net worth
Investment experience (years and product types)
Investment time horizon
Risk tolerance (ability to withstand temporary losses)
Loss capacity (maximum acceptable drawdown)
Financial goals (retirement, child education, home, travel, etc.)
Liquidity needs
Product knowledge (MF categories, SIP / SWP / STP)

Risk Classification — Suitability Matrix

Tier	Risk Profile	Score	Suitable MF Categories	Not Suitable / Unsuitability Protocol
1	Conservative	0–20	Liquid, Overnight, Ultra Short, Money Market, Low Duration, Banking & PSU Debt, Corporate Bond	No equity / sectoral / small-cap / SIF
2	Mod. Conservative	21–35	Short Duration, Medium Duration, Gilt, Dynamic Bond, Conservative Hybrid, Arbitrage, Equity Savings	No small/mid/sectoral; limited pure equity
3	Moderate	36–50	Balanced Advantage, Multi Asset, Aggressive Hybrid, Large Cap, Index / ETF, ELSS	No concentrated small-cap / sectoral / thematic
4	Mod. Aggressive	51–65	Flexi Cap, Multi Cap, Large & Mid Cap, Focused, Value / Contra + lower-tier	Limited small-cap / sectoral; no thematic concentration
5	Aggressive	66–80	Mid Cap, Small Cap, Sectoral, Thematic + all lower-tier	Unsuitability protocol for concentrated single-sector
6	Very Aggressive	81–100	Small Cap concentrated, International, Thematic concentrated + all lower-tier	Written unsuitability declaration + execution-only consent

Suitability Rules

No scheme above the investor's risk ceiling is recommended.
Unsuitability protocol applies if the investor insists on exceeding their ceiling.
Risk profile is reassessed annually, on life events, or on investor request.
RPQ records are retained for a minimum of 8 years for AMC DDQ and regulatory inspection purposes.

Unsuitability Protocol

If the investor insists on a scheme outside their risk ceiling: (1) a written Unsuitability Declaration is issued setting out why the scheme is considered unsuitable; (2) the investor signs an Execution-Only Consent acknowledging the declaration and accepting full responsibility for the outcome; (3) the transaction is tagged "Execution Only" in the Register. This protocol is aligned with SEBI Master Circular 15.5.1.4(b) and the AMFI Due Diligence Questionnaire.