Frequently Asked Questions

Jupiqon was founded in June of 2010. Prior to that, Jupiqon’s principals had worked together for many years in the financial services industry with a focus on providing boutique investment services to high net worth clients. Therefore, Jupiqon is a continuation and improvement of a practice that began in 2005.

Jupiqon is a boutique wealth management firm focused on meeting the diverse needs of our clients. Our primary goal is simple – we strive to help our clients discover their financial goals, and to move in that direction, step by step. The following benefits set us apart from other wealth management firms:

• Committed, empowered, and technically capable people. Jupiqon realizes that without the best people, we cannot be the best firm. Our professionals have sophisticated wealth management backgrounds and posses a unique combination of talent and integrity. They are highly educated, enjoy problem solving, and pride themselves on delivering advice and strategies across the broad spectrum of financial services to help our clients achieve their financial goals.
• Industry-leading infrastructure. Jupiqon has invested heavily in technology to create cutting edge applications such as Emperos and Siros. Emperos is one of the industry’s most advanced equity analysis applications with integrated data mining and sophisticated multi-scenario algorithms that give us extraordinary analytic versatility resulting in exceptional insights. Siros is another industry first that has raised the bar for realtime, enterprise class news aggregation. Siros aggregates content from multiple sources in real time and incorporates state-of-the-art semantic functionality giving us the ability to recognize patterns with actionable insights.
• Sound investment philosophy with an ethical perspective. Our investment philosophy hinges on the powerful, time-tested concept of value investing whilst strictly adhering to the principles of Shari’ah.
• Real return focus. While the gross return on assets often steals attention, it is the real return that investors actually consume. Real return is what’s left after all fees, expenses, taxes, and inflation – the money clients have for accomplishing goals. For Jupiqon as with clients, real return is the focus.

The total cost of opening a wealth management account is Rs. 10,000.

The Documentation Requirements Checklist lists the forms, agreements, and documents required for opening a wealth management account. To download a PDF version, click on the link that applies to your profile:

• Documentation Requirements Checklist (Resident Indian)
• Documentation Requirements Checklist (NRI)

PAN, otherwise known as Permanent Account Number, is a unique ten-digit alphanumeric number issued in the form of a laminated card by the Income Tax Department. A PAN card is compulsorily required if you wish to invest in Indian equities. Your relationship manager will assist you in applying for and obtaining a PAN card.

In the case of applicants who already possess a PAN Card, accounts are generally activated within two weeks of signup; however, in the case of applicants who do not possess a PAN Card, it will take approximately 45 days.

Yes, you can terminate your wealth management account at any time.

No, there are no termination charges.

This question requires a detailed answer; however, to put it briefly, Jupiqon supports a financial system that:

• Prohibits involvement in illegal and unethical activities by embracing strong core values and universally sound principles
• Is insulated from the potential risks of financial stress triggered by excessive leverage and speculative financial activities
• Contributes towards the channeling of capital flows to productive investment activities that brings significant benefits to the economy
• Provides for a high level of disclosure and transparency
• Supports an equitable distribution of wealth resulting in universally inclusive growth.

We have found the Islamic financial system based on the Shari’ah to be in explicit accordance with the above-mentioned criteria.

Businesses engaged in the below-mentioned activities are excluded under Shari’ah:

• Conventional financial services (such as banking and insurance) where such activity involves interest
• Pork-related and other prohibited meat products, use or sale for human consumption
• Alcohol production, use or sale for human consumption
• Tobacco and narcotic drugs production, use or sale for human consumption
• Pornography and other types of unethical entertainment
• Gambling and related activities
• Manufacture and sale of weapons

Value investing is the philosophy of investing in a fundamentally sound company with superb future prospects and whose share price is trading at a substantial discount to its intrinsic value, thereby offering a considerable margin of safety. Furthermore, every stock purchase is viewed as if one were buying a piece of the business. Proponents of this philosophy include Warren Buffet, Charlie Munger, and the late Benjamin Graham. History shows that, over time, the price of a stock will rise to reflect the value of the underlying company.

In addition to the fact that value investing can produce steady, consistent gains, it has been proven to reduce risk of losing money owing to the sizeable margin of safety that is taken into consideration before investing. For more details on value investing, click here to download a PDF report titled Value Investing.

We look at several factors for identifying outstanding companies, and it’s not possible to list all of them here. However, summed up briefly, we look at three factors – the business, the management, and the valuation – and all the elements that influence them.

All investment decisions will be made by Jupiqon. If you are not satisfied with some of the stocks in your portfolio, then you can choose to terminate the agreement at any time.

Since our focus is always to invest in those companies which are available at an attractive valuation, we believe that in the long term, any stock will always seek its fair valuation which is unaffected by corrections in the market. If however, we see signs of a serious correction such as the one in 2008 caused by the credit crisis; our focus may change to increasing the percentage of cash in the portfolio.

Jupiqon does not judge its performance against any benchmark such as the Sensex or any other stock index. This is because we expect our portfolios to be significantly different in composition compared to the Sensex. So, there will be no impact should the portfolio lag or lead the Sensex. Our focus is on absolute return and not relative return.

Shari'ah (sha-ree-ah) literally means "the path." This term refers to guidance from God to be used by Muslims to regulate their societal and personal affairs. The Shari'ah is the revealed canonical laws of Islam. It is based upon the two original sources of Islamic knowledge, the Qur'an and the Sunnah of Prophet Muhammad (PBUH). Muslim jurists, scholars, and legislators of every era refer to these sources in deliberating and deciding upon questions and issues of the day, and make rules and regulations.

The word Qur'an (Quraan) means "the recitation" or "the reading," and refers to the divinely revealed scripture of Islam. It consists of 114 surahs (chapters) revealed by God to Prophet Muhammad over a period of twenty-three years. The Qur'an continues to be recited by Muslims throughout the world in the language of its revelation, Arabic, exactly as it was recited by Prophet Muhammad nearly fourteen hundred years ago. The Qur'an is viewed as the authoritative guide for human beings, along with the Sunnah of Prophet Muhammad. Translations of the Qur'an are considered explanations of the meaning of the Qur'an, but not the Qur'an itself. The spelling "Koran" is phonetically incorrect; the more accurate Qur'an should be used.

Sunnah (soon-nah) means habit, practice, customary procedure, action, norm, or usage sanctioned by tradition. More specifically, Sunnah refers to Prophet Muhammad's sayings, practices, and habits. The Hadith of the Prophet constitute a written record of his Sunnah.

Islamic finance is an interest-free finance system. There is, therefore, no charge for its use. Islamic finance is asset based as opposed to being currency based. A deal is structured on exchange or ownership of assets and money is simply the payment mechanism to effect the transaction. The basic framework of Islamic finance is based on elements of Shari'ah, which govern Islamic societies.

The major difference between Islamic finance and conventional banking is that Islam teaches us that money itself has no intrinsic value and forbids people from profiting by lending the money without accepting any level of risk. As such, interest cannot be charged. Wealth can only be generated through legitimate trade and investment, and any gain must be shared between the parties concerned.

• The prohibition of Ribā which is the taking or receiving of interest.
• Risk in any transaction must be shared. The capital provider and the entrepreneur must share the business risk for a share in the profit.
• The prohibition of speculative behavior (Gharar), which means that gambling (Maysir) and extreme uncertainty is prohibited.
• Strict adherence to contractual obligations and full disclosure of all information relevant to every business transaction.

Not at all. Islamic finance is available to anyone who wishes to use interest-free financial services. Anyone of any religious background is welcome to apply for our wealth management services.

Interest is forbidden in Shari’ah as it is a socially unjust mechanism for lending money. It benefits the rich to the detriment of the poor and also does not involve any investment risk for the lending party. For a detailed reply on why interest is forbidden, click here to download a PDF report titled Why Interest is Forbidden in Islam.

Musharakah is a joint venture agreement between two or more partners, whereby each partner provides funds to be used in the venture. Profits made are shared between the partners proportionate to the invested capital. In case of loss, each partner loses capital in the same ratio. Each partner may or may not participate in carrying out the business. A working partner gets a greater profit share compared to a sleeping (non-working) partner.

Mudarabah is a special kind of profit-sharing partnership where one partner gives money to another for investing in a commercial enterprise. The investment comes from the first partner who is called "rabb-ul-mal", while the management and work is an exclusive responsibility of the other, who is called "mudarib". Profits generated are shared between the parties according to a pre-agreed ratio. Unlike Musharakah, in Mudarabah, only the lender of the money has to take losses.

Zakat is the giving of a small percentage of a person’s surplus wealth to charity, generally to the poor and needy. It serves principally as the welfare contribution to poor and deprived Muslims, although others may have a rightful share. It is the duty of an Islamic community to not just collect Zakat but to distribute it fairly as well.

Zakat is normally paid for wealth that is held for a full lunar year.

There are three differing views on Zakat dues in the case of returns from equity investments:

• 1^st View - The view of the majority, which came in a resolution of the OIC Fiqh Academy, maintains that one has to calculate the Zakat-able part of the value of the stock, from the company's balance sheet and pay Zakat on it in the due date at the rate of 2.5%. The Zakat-able part is: cash + receivables + inventories of goods in process and ready-for-sale, short-term debts.
• 2^nd View - The minority view in the case where a person is only investing in these stocks for the long term but without any interest in the management and little concern about dividends, states that this investment is similar to trading in stocks, in the Shari’ah meaning of the word. Accordingly, the owner has to pay Zakat at the rate of 2.5% on the market value on the due date.
• 3^rd View - The third view is a subset of the first one; it actually adds to the first one by stating that if it is difficult to calculate Zakat from the balance sheet, one may pay 10% on the net income of the stock; however, there is not enough logical support in Shari’ah for this opinion.

Jupiqon Labs is a group within Jupiqon that experiments with ideas and concepts that come from anywhere inside Jupiqon. Jupiqon Labs provides an incubation ground for future Jupiqon technologies.

The purpose of Jupiqon Labs is to provide Jupiqon with cutting edge technologies that enable us to gain competitive advantage on an unprecedented scale, subsequently enabling Jupiqon to leverage this capability to provide our clients with exceptional service and superior investment returns.

At present, we are working on enhancing the capabilities of Emperos and Siros, both of which are at different stages of development.

Yes, as a matter of fact, both Emperos and Siros are the results of close working partnerships with a number of technology firms and research organizations.

Our principal technological strengths lie in areas such as computer systems and storage, machine learning, large scale data mining, information retrieval, collaborative filtering, computational linguistics, matrix and graph algorithms, permuting mathematical operations, large-scale distributed systems, social network analysis, cloud infrastructure, and data management.

An NRI is an Indian citizen who resides outside India for at least 182 days in a given calendar year towards the purpose of carrying out employment or business.

A citizen of any country – with the exception of Bangladesh and Pakistan – is deemed to be a PIO, if:

• He, at any time, held an Indian passport
• He or either of his parents or any of his grandparents was a citizen of India
• He is a spouse of a person meeting any of the above-mentioned criteria.

An overseas corporate body (OCB) is any overseas company, partnership firm, society, or other corporate body which is owned, directly or indirectly, to the extent of at least 60% by NRIs or PIOs. Such ownership interest should actually be held by them and not in the capacity as nominees.

Yes, in order to establish that the ownership in any OCB held by NRIs and/or PIOs is not less than 60%, the concerned body is required to furnish a certificate from a certified public accountant and/or an overseas auditor in Form OAC.

An NRI can open two types of savings accounts with any bank in India. They are:

• NRE Accounts (Non-Resident External Rupee Accounts)
• NRO Accounts (Ordinary Non-Resident Rupee Accounts)

An NRE account is an external savings account for NRIs. Since it is an external account, funds lying in an NRE account are fully repatriable. In other words, the funds can be converted into any foreign currency of the account holder’s choice and remitted outside the country. It should be noted that an NRE account cannot be held jointly with a resident Indian; however, a Power of Attorney can be given in favor of a resident Indian to operate the account.

An NRO account is an ordinary savings account for NRIs. Since it is an ordinary account, funds lying in an NRO account are not repatriable. Unlike NRE accounts, NRO accounts can be held jointly with resident Indians.

Funds can be freely transferred from NRE accounts to NRO accounts; however, funds lying in NRO accounts cannot be transferred to NRE accounts.

In order to invest in companies listed in the Indian markets, NRIs and PIOs need to open a PIS account with any of the designated banks. All transactions such as sales and purchases of shares are routed through this account. An NRI or PIO may open only one PIS account.

For all Indian companies listed on Indian stock exchanges, there are certain limits which require to be monitored under FEMA regulations. These limits differ from company to company and sector to sector.

There are two types of PIS accounts:

• NRE PIS account
• NRO PIS account

An NRI may open only one PIS account with any of the RBI designated banks.

Axis Bank is our designated bank for NRI related wealth management services.

A depository holds the securities of investors in electronic form just like a bank holds cash for its customers. They serve as a link between the shareholder, the company, and the broking firm.

Dematerialization is a process by which physical certificates are converted into electronic form.

Rematerialization is the process of converting securities held in an electronic form (Demat) back into physical certificate form.

To avail of the services offered by a depository, the investor has to open a Demat account with a registered depository participant (DP).

A depository participant (DP) is an agent of the depository who is authorized to offer depository services to investors. Financial institutions, banks, custodians, and stockbrokers complying with the requirements prescribed by SEBI can be registered as depository participants (DPs).

When securities of a company are held in physical form by an investor, the name of the investor is recorded in the books of the company as a ‘Registered Owner’ of the securities. Each certificate is identified by a folio number, certificate number, and distinctive range numbers.

When physical shares are converted into electronic form, the depository becomes the ‘Registered Owner’ in the books of the company while the investor’s name is removed. The depository holds shares in its records on behalf of the investor who has opened a Demat account with the depository. Hence, all benefits accruing from these investments are given to the actual investor who is known as the ‘Beneficial Owner’ of the securities.

Following are the acts and regulations under which a depository functions:

• The Depositories Act, 1996
• SEBI (Depositories and Participant) Regulations
• CDSL byelaws which are framed under the above two documents
• Prevention of Money Laundering Act (PMLA), 2002

To transfer money to your NRE or NRO account, you can:

• Transfer funds from abroad in a freely convertible foreign currency^*
• Present foreign currency notes or traveller's cheques brought in by you on your visit to India
• Directly remit the amount to us from your overseas bank account
• Transfer funds from an existing NRE or FCNR account held in other banks in India
• Make local payments in India (applicable only for NRO accounts)

^* These are foreign currencies that can be exchanged easily with other currencies and are recognized by the international market.

Repatriation means you can transfer funds including returns back to your country of residence in the currency you desire; whereas, non-repatriation means funds cannot be transferred back to your country of residence.

No, an NRI must open separate Demat accounts for holding securities purchased under repatriable and non-repatriable categories.

Yes, you can transfer freely convertible foreign currencies to your account. However, these will be converted to Indian rupees and maintained as such.

Yes, you can withdraw your profits at any time, provided that you maintain your minimum account size.

NRIs can make portfolio investments in shares quoted on stock exchanges in India with full benefits of repatriation of capital and income thereon subject to the following conditions:

• All portfolio investments are made through designated branches of authorized dealers
• Payment is received through an inward remittance in foreign exchange or by debit to the investor's NRE/FCNR account
• Investment made by any single NRI/OCB investor in shares of any listed Indian company does not exceed 5% of its total paid-up capital
• NRIs/OCBs takes delivery of the shares purchased and gives delivery of the shares sold

Yes, a Power of Attorney holder can manage an NRI’s portfolio on his/her behalf.

As an NRI, you can remit your dividend income acquired from your portfolio investments whether on repatriation or non- repatriation basis, provided you have paid the applicable taxes. However, capital gains may be repatriated only if the investments are made under a repatriable basis.

No, returning Indians are required to redesignate their NRE/NRO accounts as resident rupee accounts immediately on their return to India.

Yes, NRIs may gift shares of Indian companies held by them to their close relatives.

TDS stands for ‘tax deducted at source’. As per regulatory guidelines, all applicable taxes have to be deducted at source for profits realized via your investments in Indian markets. Before crediting the sales proceeds to your NRE/NRO account, it is the responsibility of the broker as well as the bank to determine the appropriate tax and deduct it at source.

TDS rates vary depending on the period of holding, as shown below:

• Long-term capital gains – If the period of holding is more than 1 year, then the gains are completely tax exempt.
• Short-term capital gains – If the period of holding is less than 1 year, then the TDS rate applicable is 15%.

TDS is computed on the gain on a FIFO (First In, First Out) basis. For TDS to be deducted and sales proceeds remitted to your NRE/NRO account, there are three factors that require verification:

• Duration of holding = Selling date – Purchase date
• Amount of gain = Selling price – Purchase price
• Source of funds for purchase, i.e., NRE or NRO

Our fee is standardized and is 20% of the returns generated and is levied annually. For example, for an investment of Rs.500,000 that has generated a return of Rs.150,000 (30% of principal), our fee would be Rs.30,000 (20% of returns), effectively giving you a return of Rs.120,000 (24% of principal).

Jupiqon does not have a hurdle rate incorporated into our pricing model simply because a hurdle rate resembles interest, which is against the principles of Shari’ah. For the very same reason, we do not charge a management fee based on assets under management as is usually charged by other wealth managers and portfolio managers.

* A hurdle rate is a minimum acceptable rate of return that the client is willing to accept before he/she forgoes a part of the returns as performance fee to the wealth manager. This term is best explained by the following example: A client invests Rs.500,000 with a wealth manager and agrees to pay him a performance fee of 20% of returns if and only if a minimum return of 10% is achieved. As such, if the wealth manager generates a return of 8% (Rs.40,000) on the principal, he is not entitled to receive any compensation whatsoever. However, if the wealth manager generates a return of 15% (Rs.75,000) on the principal, he is entitled to a performance fee of 20% (Rs.15,000) of the returns.

No, there are no management fees whatsoever as it is against the tenets of Shari’ah. According to Shari’ah, the amount of profit ascribed to either of the parties must be independent of the capital amount, dependent solely on the actual profit realized by the investment.

Yes, since dividends are a part of the profits realized on investments, they are shared as per the profit-sharing agreement. However, Jupiqon almost always reinvests dividends as part of its value investing strategy.

No, as per Jupiqon’s pricing model which is based on the concept of Mudarabah, losses are not shared. The reasoning is that since the Mudarib does not invest any financial capital, his loss is restricted to the fact that his labor has gone in vain and that his work has not brought any fruit to him. However, this principle is subject to the condition that the Mudarib has worked with due diligence. For more on the concept of Mudarabah, click here to visit the FAQ section on Mudarabah.

The portfolio will be measured for performance once every calendar year. So, the period of performance will be one year from portfolio inception.

The performance fee is levied annually. For example, all performance fees are due by January 30th for the period of performance from January 1st to December 31st of previous year.

You will receive quarterly reports on the performance and status of your portfolio. These statements will have complete details of portfolio transactions and a comprehensive performance review.

Absolutely safe. Since we open distinct accounts – banking, Demat, and broking – for the express purpose of the wealth management service, there is complete safety and confidentiality pertaining to your investments.

Jupiqon never takes custody of your money or investments. For our discretionary wealth management services, we only have authority to conduct trades in your account. We cannot withdraw your funds or move them to other accounts without written authorization from you to the brokerage firm that holds your account.

Investments are custodied at CDSL^* in Demat accounts registered in your name, over which we have investment discretion only. CDSL provides safekeeping of your investments and offers the highest level of asset protection.

^* CDSL, otherwise known as Central Depository Services Limited, is a depository that facilitates holding of securities in electronic form.

This being a 3-in-1 on-line account, you will have complete control on your bank account and Demat account and access to your trading account.

All private communication between our website and your browser uses 128-bit SSL encryption, an industry-standard method for encrypting data that is accessed over the Internet. SSL security also ensures that data can only be received by the requesting user, thereby eliminating any unauthorized interception. In addition, security threats are actively monitored and we will continue to follow industry best practices with regard to security and privacy standards. Proactively, the application code and network infrastructure supporting the site are scanned by automated network monitoring equipment.

Under WMS, each transaction scheme is considered as an independent trade and capital gains are applied on each depending upon whether the relevant stock was held long term or short term. Presently, 15% tax is chargeable for short-term capital gains and no tax is chargeable on long-term capital gains.

A statement that provides details of all short-term and long-term capital gains/losses booked during the course of the year is provided at quarterly and annual intervals.

Wealth management is a must for every household. It goes beyond wealth generation – it is an investment with a purpose. It is the process of meeting your life goals through proper management of your wealth. Life goals can include buying a house, saving for your child’s higher education, saving for your child’s marriage, planning for retirement, etc. Today, you find people living beyond their means, having credit card debt, making risky investments and doing things that are irresponsible and against the basic principles of financial planning. Furthermore, the proliferation of new and often complex financial products and services demand more financial expertise. Also, turbulent conditions and changing tax laws compound the problem even further. We believe wealth management can address these issues and help you achieve your life goals in the most efficient manner.

The term ‘wealth manager’ refers to the entire class of professionals who work to enhance and secure the wealth of long-term investors. As such, financial planners, investment strategists, portfolio managers, insurance advisors, and tax advisors, etc are all referred to as wealth managers.

Choosing the right wealth manager is an important decision that should not be taken lightly. There are certain commitments and characteristics you should look for before deciding on a wealth manager:

• Are they independent or do they sell third party products and services?
• What is their level of expertise? Do they specialize in asset management or do they provide ancillary products and services such as tax advice, estate planning, and insurance?
• How many years of experience do they have? Does the wealth manager have specific experience working with clients just like you?
• Do they have a sound investment philosophy? Do they have an investment process that reflects that philosophy?
• Do they have a track record? Have they experienced success over multiple market cycles?
• How are they compensated? Is the performance of your portfolio tied to their compensation?
• Are they offering exit strategies? If so, do they charge a termination fee?

While portfolio management focuses only on activities related to wealth accumulation, wealth management encompasses all aspects of wealth accumulation, wealth preservation, and wealth transfer. In effect, portfolio management is a component of wealth management.

The minimum investment requirement varies depending on your profile.

• Resident Indians - Rs. 5,00,000
• Non-Resident Indians - Rs. 10,00,000
• Corporates - Rs. 15,00,000
• Trusts & Foundations - Rs. 20,00,000
• Mutual Funds & Sovereign Funds - Rs. 100,00,000

Your money will be invested only in equities. If we are unable to find attractive stocks, we will hold cash or cash equivalents. We will not be recommending investments in any kind of speculative or leveraged instruments like derivatives, futures & options, margin trading, commodity trading, etc.

The discretion to invest primarily lies with the investment strategist with the objective to maximize your returns. We work with you to establish goals and set parameters for your portfolio. Three important parameters to be determined mutually are the level of risk appropriate for your portfolio, the anticipated investment horizon, and your investment goals. We then continuously monitor the portfolio and consult with you to adjust for changing circumstances. The individual stock selection is left to our discretion.

While all companies are screened for unacceptable primary business activities, there are some companies with acceptable primary businesses that own or engage in unacceptable businesses – such as the sale of alcohol at company canteens or restaurants they own and/or operate – that may accidentally have passed through our screens. If and when such activities are revealed at a later stage, then Jupiqon “purifies” the investment portfolio of impure elements through a process known as portfolio purification. This process is explained in detail in the next question.

Many Muslims are familiar with the practice of "purifying" their savings accounts, for example, by simply donating the amounts listed as "interest earned" to charity. Similarly, in the case of investments, money earned by means deemed unacceptable by Shari’ah principles and teachings must be quantified and then purified. This is known as portfolio purification.

The portfolio purification process is as follows - if the revenues from unacceptable sources exceed 5% of total revenues, then the company will be "screened out" and its shares sold. However, if such "impure" revenues are less than 5%, the shares may be held. In such cases, Jupiqon will advise you on giving a commensurate portion of your earnings to charities of your choice.

A Few Important Pointers

• The assumption here is that the shares of the above-mentioned companies have cleared the various screens for Shari’ah compliance.
• Sources of “impure” income might include non-operating income from interest-bearing investments, or earnings from prohibited business activities that are beyond the scope of a company's primary business. Oftentimes, such earnings will result from corporate diversification and new acquisitions. Whatever the source of income, the fact remains that even Shari’ah-compliant equities will often yield small percentages of income that is considered “impure” by Shari’ah standards, which must then be purified.
• Jupiqon only advises on portfolio purification and does not deduct any amount for the purpose of portfolio purification. Instead, investors will themselves be responsible for deducting appropriate amounts and donating the same to charity. In this manner, investors are free to donate purification money to charities of their choice.

Absolutely. Please get in touch with any of our relationship managers for more details.

Yes, we will not invest more than 25% of the portfolio in any single stock and not more than 30% of the portfolio in any one industry segment. We will invest in more than 4 but less than 10 stocks at most times. Jupiqon does not invest in companies for the mere sake of diversification. Rather, the idea is to invest in a concentrated approach – the lesson here is that it takes a lot of time and work to identify even one good investment. A carefully selected portfolio of 5 to 9 good securities can provide as much diversification as a 100-stock portfolio without the liabilities and disadvantages associated with such a large portfolio.

No, Jupiqon does not guarantee the initial corpus or any return thereon. In fact, you should be wary of any financial advisor who offers “risk-free” investments as all equity investments are subject to market risks. Furthermore, SEBI rules mandate that returns are not to be guaranteed.

We offer customized portfolio management services, and as such, each of our clients has a unique allocation according to their risk profile, investment time horizon, and investment goals, making the traditional measures of standard (composite) performance not applicable. However, our portfolios have achieved an average CAGR^{^} of 30% since inception.

^{^} CAGR is an acronym for compounded annual growth rate.

The ideal investment time horizon for an equity portfolio is at least 10 years.

No, there is no upper limit on the amount you can invest in the wealth management service.

Beyond the initial invested capital, you can add funds to your account in increments of 1 lakh rupees or more at any time of the year.

Yes, you can withdraw part of the funds as and when you want, provided you maintain the minimum account size.

If you fall under any of the following categories, you are eligible to enroll:

• Resident Indians
• Non-Resident Indians
• Corporates
• Trusts & Foundations
• Mutual Funds & Sovereign Funds

You can invest at any time of the year.