How can investors make a claim on their holdings if required?

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• Is custody required for these private funds?

  No. Custody is not required for private funds. The fund administrator maintains investor units and records on behalf of all investors.

• Can I make a one-time investment in private market stocks, or is this an ongoing investment opportunity?

  The investment opportunity remains open for a period of 7–10 days. During this window, users can make a one-time investment in the deal. However, they are free to invest in multiple opportunities as and when new ones become available in the future.

• How will the private markets investment be taxed? Are there any specific tax implications for investors?

  Taxation is similar to listed foreign shares: 24-month holding for long-term capital gains at 12.5% Short-term gains taxed as per your income tax slab

• How will the ownership of the units bought under private markets be managed?

  The fund will hold the share certificates of the underlying company. Investors in turn will become limited partners of the fund and have rights to the underlying holdings of the fund.

• Who performs the audit of the fund or SPV?

  Audits are conducted by an independent third-party auditor every year. The resulting report is shared with investors.