Understanding the risks involved in investing. Please read this disclosure carefully.
Last Updated: 22 May 2026
All investments carry risk, including the possible loss of some or all of your invested capital. The value of investments can go down as well as up, and past performance is not indicative of future results. You should only invest capital you can afford to lose. Nothing on this website constitutes a guarantee of returns.
Investing through Ensova Capital Management involves exposure to financial markets across multiple asset classes. While we apply rigorous risk management, no strategy can eliminate the risk of loss. Returns are subject to market conditions and are not guaranteed.
Financial markets are affected by a wide range of factors including economic conditions, interest rates, geopolitical events, and market sentiment. These factors can cause significant and rapid price movements that may adversely affect your portfolio.
Different asset classes carry different risk profiles. A diversified portfolio is exposed to the combined risks of all underlying assets, including those described below.
Digital assets are highly volatile and can experience extreme price swings. The crypto market is relatively young, subject to evolving regulation, and exposed to risks including exchange failures, custody risks, and liquidity constraints. Exposure is managed within Pakistan's PVARA framework.
Foreign exchange markets can be highly volatile and are influenced by macroeconomic data, central bank policy, and geopolitical developments. Currency movements may significantly impact returns, particularly for PKR-denominated portfolios.
Equity investments are subject to market risk, company-specific risk, and sector risk. Stock prices can decline due to factors affecting individual companies or broader markets, including those on the PSX and global indices.
Some instruments may be difficult to sell quickly at a fair price under certain market conditions. Liquidity constraints can affect the ability to enter or exit positions and may impact portfolio value.
Operational risks include system failures, cybersecurity incidents, human error, and third-party service disruptions. We maintain controls to mitigate these risks but cannot eliminate them entirely.
Changes in laws, regulations, or regulatory interpretation — including those issued by the SECP, PVARA, or other authorities — may affect our services, available strategies, or the treatment of certain asset classes.
We apply a defined risk framework: diversification across asset classes, defined position limits, real-time monitoring, and a maximum 10% drawdown limit per mandate. Capital preservation is prioritized, but risk management reduces — it does not remove — the possibility of loss.
Our services may not be suitable for everyone. You should assess whether investing aligns with your financial situation, objectives, and risk tolerance, and seek independent advice where appropriate.
We do not quote or guarantee specific returns. We never describe capital as guaranteed. Any figures discussed are illustrative and not a promise of performance.
By engaging our services, you acknowledge that you have read, understood, and accepted the risks described in this disclosure, and that you are investing capital you can afford to lose.
For questions about this Risk Disclosure, contact us at [email protected].