Core Terms and Conditions

• The Research Analyst (RA) provides research services only and cannot execute trades on behalf of clients. Clients must not authorize the RA to carry out any trade.
• The RA shall comply with all applicable SEBI and RAASB regulations, including disclosure and mitigation of conflicts of interest.
• The RA will inform clients of any actual or potential conflict of interest that may affect services.
• Any assured, guaranteed, or fixed return schemes are prohibited by law and will not be offered.
• The RA does not guarantee returns, profits, accuracy, or risk-free investments. All outputs are based on analysis and assumptions.
• Investments based on research recommendations are subject to market risks, and losses cannot be claimed from the RA.
• SEBI registration, RAASB enlistment, and NISM certification do not guarantee performance or returns.
• Clients must keep their contact details updated with the RA at all times.
• The RA will never ask for login credentials, OTPs, or access to trading, demat, or bank accounts.

Fees and Payment Terms

• Fees charged shall not exceed limits prescribed by SEBI/RAASB (applicable to Individual and HUF clients).
• Current fee limit: ₹1,51,000 per annum per client family (excluding statutory charges).
• Fee limits are not applicable to non-individual clients or accredited investors.
• Fees may be charged in advance, limited to one quarter as per current SEBI guidelines.
• In case of premature termination, clients are entitled to a proportionate refund for the unexpired period.
• Payments must be made via approved modes such as cheque, bank transfer, or UPI. Cash payments are not allowed.
• Clients may optionally use the Centralized Fee Collection Mechanism (CeFCoM).

Risk and Limitation of Liability

• Research reports are based on available data and assumptions at the time of publication.
• Recommendations do not assure returns and are subject to market risks.
• Clients act on recommendations based on their own judgment and risk assessment.

Grievance Redressal Mechanism

1. Contact the Research Analyst through official website or email.
2. If unresolved, file complaint via SEBI SCORES grievance platform .
3. Escalate through SEBI SMART ODR platform for dispute resolution.

Centralized Fee Collection Mechanism (CeFCoM)

CeFCoM is a SEBI initiative to ensure that investor payments are securely routed to registered intermediaries.

• Enables tracking of payments made to SEBI-registered Research Analysts
• Supports multiple payment methods
• Can be accessed via payment links provided by registered RAs

Protecting Investors from Social Media Scams

Social media platforms are increasingly being misused to deceive investors through fraudulent schemes and impersonation.

Common Fraud Techniques

• Unsolicited invitations to WhatsApp or trading groups
• Fake expert profiles
• Impersonation of SEBI-registered entities or public figures
• Fabricated testimonials showing false profits

Investors are advised to avoid engaging with unverified individuals or groups and exercise caution at all times.

Guidelines for Investors

• Verify registration status via SEBI Registration Verification page
• Use only official trading platforms listed at SEBI Investor Support portal
• Communicate only through verified official channels

Verification Steps for Research Analysts

1. Search analyst details at SEBI registered Research Analyst list
2. Obtain official contact details
3. Communicate only via registered email address
4. Verify response authenticity
5. Ignore responses from unverified email IDs