Disclosures and Disclaimers

Elphinstone, Inc. (“Elphinstone”) offers SmartRupee, a software-based advice engine that delivers financial planning tools to help users achieve better outcomes. All information provided by Elphinstone’s financial planning tool is for illustrative purposes only and you should not rely on such information as the primary basis of your investment, financial, or tax planning decisions. Securities advisory services are provided by Elphinstone Pakistan Ltd (“Elphinstone Pakistan”), a Securities Advisor licensed by the Securities and Exchanges Commission of Pakistan. Elphinstone Pakistan is a subsidiary of Elphinstone, Inc., a Registered Investment Advisor with the United States Securities and Exchanges Commission. Please see our Full Disclosure for important details. SmartRupee is a service currently offered only to citizens of Pakistan – whether they reside within Pakistan or abroad – or residents of Pakistan who are non-citizens. By using this website, you understand the information being presented is provided for informational purposes only and agree to our Terms of Use and Privacy Policy. Elphinstone and Elphinstone Pakistan rely on information from various sources believed to be reliable, including clients and third parties, but cannot guarantee the accuracy and completeness of that information. Elphinstone and Elphinstone Pakistan do not provide tax advice and investors are encouraged to consult with their personal tax advisors. Investments in securities: No Deposit Insurance • No Bank Guarantee • May Lose Value. All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future results. Historical returns expected returns, and probability projections are provided for informational and illustrative purposes, and may not reflect actual future performance. Not an offer, solicitation of an offer, or advice to buy or sell securities in jurisdictions where Elphinstone is not registered. Use of the name and logo of (bank/sponsor) as given above does not mean that is responsible for the liabilities/obligations of (asset management company) or any investment scheme managed by it.