Terms and Conditions

These terms and conditions, and consent thereon, are for the research services provided by the Research Analyst (RA). The RA cannot execute or carry out any trade (purchase or sell transaction) on behalf of the client. Clients are advised not to permit the RA to execute any trade on their behalf.

The fee charged by the RA to the client will be subject to the maximum amount prescribed by SEBI / Research Analyst Administration and Supervisory Body (RAASB) from time to time (applicable only for Individual and HUF Clients).

• The current fee limit is ₹1,51,000 per annum per family of client for all research services of the RA.
• The fee limit does not include statutory charges.
• The fee limits do not apply to a non-individual client or accredited investor.

The RA may charge fees in advance if agreed by the client. Such advance shall not exceed the period stipulated by SEBI — presently one quarter. In case of premature termination of the RA services by either the client or the RA, the client shall be entitled to seek refund of proportionate fees only for the unexpired period.

Fees to the RA may be paid by the client through any of the specified modes like cheque, online bank transfer, UPI, etc. Cash payment is not allowed. Optionally, the client can make payments through the Centralized Fee Collection Mechanism (CeFCoM) managed by BSE Limited (currently recognized RAASB).

The RA is required to abide by the applicable regulations, circulars, and directions specified by SEBI and RAASB from time to time in relation to disclosure and mitigation of any actual or potential conflict of interest. The RA will endeavor to promptly inform the client of any conflict of interest that may affect the services being rendered to the client.

Any assured, guaranteed, or fixed returns schemes or any other schemes of similar nature are prohibited by law. No scheme of this nature shall be offered to the client by the RA.

The RA cannot guarantee returns, profits, accuracy, or risk-free investments from the use of the RA's research services. All opinions, projections, and estimates of the RA are based on the analysis of available data under certain assumptions as of the date of preparation or publication of the research report.

Any investment made based on recommendations in research reports is subject to market risks, and recommendations do not provide any assurance of returns. There is no recourse to claim any losses incurred on the investments made based on the recommendations in the research report. Any reliance placed on the research report provided by the RA shall be as per the client's own judgement and assessment of the conclusions contained in the research report.

The SEBI registration, Enlistment with RAASB, and NISM certification do not guarantee the performance of the RA or assure any returns to the client.

For any grievances, please follow this three-step escalation process:

Step 1: The client should first contact the RA via email at HOLDwithPriyank@gmail.com.

Step 2: If the resolution is unsatisfactory, the client can lodge grievances through SEBI's SCORES platform at scores.sebi.gov.in.

Step 3: The client may also consider Online Dispute Resolution (ODR) through the Smart ODR portal at smartodr.in.

• Clients are required to keep contact details, including email ID and mobile number(s), updated with the RA at all times.
• The RA shall never ask for the client's login credentials and OTPs for the client's Trading Account, Demat Account, and Bank Account. Never share such information with anyone — including the RA.

In compliance with the SEBI circular dated 8 January 2025, RAs are required to maintain records of interactions with all clients (including prospective clients prior to onboarding) where any conversation related to services has taken place. Acceptable formats include:

• Physical record written & signed by the client
• Telephone recordings
• Email from registered email ID
• Record of SMS messages
• Any other legally verifiable record

Such records begin with the first interaction and continue till the completion of research services. RAs are required to maintain these records for five years; in case a dispute is raised, records are maintained till resolution, or as further specified by SEBI.

The consent of the client shall be taken on the following understanding:

• The RA is duly registered with SEBI under the SEBI (Research Analysts) Regulations, 2014. Registration number: INH000017268; registration date: 1 July 2024.
• The RA holds the registration and qualifications required to render the services contemplated under the RA Regulations, and the same are valid and subsisting.
• The Research Analyst services do not conflict with or violate any provision of law, rule, regulation, contract, or other instrument to which the RA is a party.
• The maximum fee that may be charged by the RA is ₹1,51,000 per annum per family of client (for individual / HUF clients).
• Recommendations provided by the RA do not provide any assurance of returns.
• The RA is not engaged in any additional professional or business activities, on a whole-time basis or in an executive capacity, which interfere with or have the potential to interfere with the independence of research reports or recommendations.

The RA may suspend or terminate research services on account of suspension or cancellation of registration of the RA by SEBI, and shall refund the residual amount to the client.

In case of cancellation by the client, NIL refund shall be provided. In case of suspension of the RA's certificate of registration for more than 60 days, or cancellation of the RA registration, the RA shall refund fees on a pro-rata basis for the period from the effective date of cancellation or suspension to the end of the subscription period.

Clients are requested to go through the Do's and Don'ts while dealing with an RA, as specified in SEBI master circular SEBI/HO/MIRSD-POD-1/P/CIR/2024/49 dated 21 May 2024, or as may be specified by SEBI from time to time. See our Investor Charter for the full list.