Card 3 | Lesson + CTA

RupeeCase

Education . Behavioural Fit . 3 of 3

The Lesson

Risk profile is not a slider. It is two axes the regulator says you have to measure.

Three honest questions to put against any strategy before you sign up. SEBI Reg 17 actually mandates the framework. Almost no platform applies it.

Can you afford the loss, or are you just willing to wear it?

SEBI Reg 17 calls these capacity and tolerance. Capacity is the math . your income, your liabilities, your emergency fund, your horizon. Tolerance is the nerve . what you would actually do when the screen is red. The honest profile is the lower of the two. Willing-but-cannot-afford gets Conservative. Able-but-unwilling also gets Conservative. Most platforms use a single 5-question slider and call you Moderate.

Test . If a 25 percent drawdown hits in month four, can you continue your monthly expenses without dipping in? If no, capacity says Conservative.

What is your real horizon, not your aspirational one?

Equity needs at least three years to give the math a chance to play out. Many investors say five and behave like one. If the funds are earmarked for a down payment in eighteen months, no equity strategy is appropriate. Period. Horizon under twelve months is a hard block, not a warning. The drawdown periods on the previous card are fifteen months. You cannot tell the screen to hurry up.

Test . What is the earliest date you might need this capital back? Subtract today. If under 36 months, conservative or no-equity.

Have you ever sat through a 25 percent drawdown without selling?

The honest version of this question is uncomfortable. If your only equity experience is post-2020, you have not been through a real one. The 469-day Allcap drawdown that resolved in April 2026 is the test most retail investors have not actually taken. The wrong strategy at the wrong drawdown sells at the bottom and rebuys after the recovery. That single move costs more than every fee structure combined.

Test . If you panic-sold in March 2020 or in late 2024, your tolerance is below your capacity. Pick the shallower-drawdown strategy.

There is no honest first question except this one. Take the test before you take the strategy. The wizard is free, dual-axis, SEBI-aligned, and refuses to recommend equity if your inputs say it should not.

Take the 28-question dual-axis fit test. Capacity, tolerance, horizon. Output mapped to the SEBI riskometer.

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