Kalkine Dividend Income Portfolio Performance Methodology

• Recommendations under Kalkine's Dividend Income Portfolio (Hypothetical), started from year 2020-2021 (for instance, 2020-2021 represents period starting from September 22, 2020, till February 07, 2021, and following years starting 8th February till 7th February), have been used for the calculations purpose.
• Generally speaking, Kalkine Dividend Income Portfolio represents a hypothetical portfolio, and this consists of selective stocks that appear to be possessing outstanding and enduring performance (typically, with low risk) and are expected to provide returns over a period of time. These include dividend paying stocks (including exemplary stocks with annual dividend yields of around 3%) and those which are expected to be dividend-paying stocks of future (as per indications from the company).
• Our Portfolio is hypothetical, and our performance figures are based on recommendations from Kalkine Dividend Income Report using stock prices at the date of publication.
• It is also prudent to note that performance of stocks included in Kalkine Dividend Income Portfolio (Hypothetical) has been calculated based on their price values during the specific time period in order to give ‘as-on-date’ performance picture.
• Where a stock has been recommended multiple times, the average price is taken into consideration. We might need to provide update on a stock several times during a year or for the length of coverage and for that reason the average BUY price is taken into consideration. 
• Performance figures quoted do not take into account transaction fees and charges. The profits or losses are hypothetical and include dividends or distribution for the length of the coverage until the recommendation is designated as closed. 
• All Investors are advised to conduct their own independent research into individual stocks recommended by Kalkine before making a purchase decision. In addition, Investors are advised that past stock performance is no guarantee of future price appreciation. 
• We encourage you to think of investing as a long-term pursuit.

 Note: For any benchmark index return, proportional dividend yields have been taken onto account as per the information available.