Audited Performance

Year Ended

CED Long Term Focused Value (PMS)

BSE 500 TRI (Benchmark)

Difference

Return

Avg. Cash Eq. Bal.

Return

Trailing P/E

YTD FY26

14.8%

20.3%

10.8%

25.7x

+4.0%

FY 2025

10.3%

21.0%

6.0%

23.4x

+4.3%

FY 2024

29.2%

26.1%

40.2%

26.2x

-11.0%

FY 2023

-4.3%

30.0%

-0.9%

22.3x

-3.4%

FY 2022

14.9%

38.5%

22.3%

25.0x

-7.4%

FY 2021

48.5%

29.0%

78.6%

38.0x

-30.1%

FY 2020*

-9.5%

23.0%

-23.4%

18.3x

+13.9%

Since Inception(6Y)

16.0%

27.9%

18.4%

-2.4%

*From Jul 24, 2019; Since inception performance is annualised; Note: As required by SEBI, the returns are calculated on time weighted average (NAV) basis. The returns are NET OF ALL EXPENSES AND FEES. The returns pertain to ENTIRE portfolio of our one and only strategy. Individual investor returns may vary from above owing to different investment dates. Annual returns are audited but not verified by SEBI.

Pre-PMS Performance	Since Inception (CAGR) 2012 – 2019	Outperformance (Annualised)
Erstwhile Multi Family Office (7 yrs)	17.4%*
BSE 500 TRI (including dividends)	14.5%	2.9%
Note: Prior to launching our Portfolio Management Services, we were running a private multi family office. The above are its audited returns NET OF EXPENSES AND EQUIVALENT FEES over 7 years of its operation (Aug 18, 2012 to Mar 31, 2019). * Post all fee and income tax