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The Tipranks Smart Score Performance is Based on Backtested Results. Backtested Performance Is Not An Indicator Actual ResultsPune Wealth Management. MANCE of A Strategy Not Historical Offered to Investors and Does Not RepreSnt Returns that Any Investor Actually Attaind.The Retroactive Application of a Model Constructure on the Basis of Historical Data and Based On Assumps Integral to the Model Which May Not Be Testable A nd are subject to losses. General Assumps Include: XYZ FIRM Woul Been Ableto Purchase the Securities Recomonnded byThe Model and the Markets Wee Sufficiently Liquid to Permit All Trading. TED. Certain assumps have been made for modeling pulposes and are unlikely to be realized. No representations and warranties are made assto the reasonableness of the assumptions. This information is provided for illustrative purposes onlyHyderabad Wealth Management. Backtested performance is developed with the benefit of hindsight and has inherent limitationsNew Delhi Stock Exchange. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on theDeCision-Making Process. Since Trades have not action, Results May Have Under-Over-COMPENSATED for The Impact, of Certain Market Fa CTORS, Such as lack of liquidity, and may not reflect the image that certain economic orMarket Factors May have on the decision-making process. FURTHER. s are maximized. Actual Performance May Differ Significantly from Backte items. Backtested Results Are Adjusted the Reinvestment Off nd OtherIncome and, Excee where Otherwise Indicated, are presented gross-of fees and do not include the effect of backTested tracts, Management Fees, Performance Fees or Expenses, if applicable. Please Note all regulatory Considerations Regarding The Presentation of Fees Must Into Account. No Cash Balance or C ASH Flow is Included in the Calculation.

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