Regulatory status
“Equisculpt Novem Fund” is the brand name of
Novem Prime Incorporated VCC Sub-Fund, registered with the Registrar of Companies,
Mauritius (No. C234119), a sub-fund of the umbrella vehicle Equisculpt Novem Capital VCC,
which holds a Global Business Licence (No. GB26205965) issued by the Financial Services
Commission, Mauritius, and is authorised as a VCC fund under the Variable Capital
Companies Act 2022. India access is through the SEBI FPI Category I route. A licence
or registration is not an endorsement by any regulator of the fund’s performance or
prospects.
Basis of performance figures
All performance figures on this website relate to the
advisory activity of the Equisculpt Ventures group, a related entity — not to Equisculpt Novem Fund, which is recently
constituted and has no operating history of its own. Anchor IPO figures are verifiable
against public NSE Emerge and BSE SME filings; entry is the allotment price and exit the
realised market exit within the stated window; returns are gross of fees and taxes. The
group blended XIRR is money-weighted across all group strategies, manager-computed and not
independently verified. Marks on open positions are indicative values as at the dates
stated, are not independently verified, may not be realisable, and are not returns. Past
performance is not indicative of future results.
Target returns
Target corpus, target gross IRR and similar figures are
objectives under the fund’s FSC-filed investment policy. They are not projections,
forecasts or guarantees. There is no assurance any objective will be achieved.
Risk
An investment in the fund involves significant risk,
including illiquidity, valuation uncertainty on unlisted positions, currency movement,
small-cap volatility and the possible loss of the entire amount invested. The fund’s
risk page describes fifteen risk
families and their controls; the complete risk factors are set out in the confidential
offering documents, which alone govern any investment.
Basis of NAV figures
The fund’s official net asset value is computed by the
independent administrator (KFS, Mauritius) on the fund’s quarterly valuation cycle.
Between official valuations the manager may publish indicative NAV estimates for
transparency; these are unaudited, are clearly labelled wherever shown, may be revised
without notice, and create no entitlement. All subscriptions and redemptions are
processed exclusively at the administrator’s official NAV as at the relevant dealing
date, which may differ from any indicative estimate previously displayed. No claim
may be founded on an indicative figure.
Jurisdiction restrictions
The fund is not available to residents of India under the
Indian FEMA framework, and nothing on this website is directed at any person in a
jurisdiction where such distribution would be unlawful. Eligibility is determined case by
case following KYC/AML and suitability verification. This website is information, not an
offer or solicitation; any offer is made only through the fund’s confidential
offering documents.
Research
Novem Insights content is prepared for information only,
is not investment, legal or tax advice, and relies on public sources believed reliable but
not independently verified. Views are those of the named authors as at the publication
date and may change without notice.
Questions about these disclosures: ir@novemfund.com.
See also the legal notice, privacy
policy and terms of use.
Important notice
