Research you can verify, before you trust it.

1. These terms are for research services only. The RA cannot execute or carry out any trade on the client's behalf, so clients should not allow an RA to trade for them.
2. Fees are subject to the maximum prescribed by SEBI / RAASB for individual and HUF clients, currently ₹1,51,000 per annum per family for all research services of the RA. The limit excludes statutory charges and does not apply to non-individual clients or accredited investors.
3. Fees may be charged in advance only if the client agrees, for no longer than the period SEBI currently permits. On premature termination by either party, the client may seek a refund of proportionate fees for the unexpired period.
4. Fees may be paid by cheque, bank transfer, UPI or other permitted banking modes. Cash is not allowed. Clients may optionally pay through CeFCoM, managed by BSE (the recognised RAASB).
5. The RA follows SEBI and RAASB rules on disclosing and mitigating actual or potential conflicts of interest, and will promptly tell the client of any conflict that may affect the services.
6. Any assured, guaranteed or fixed-return scheme is prohibited by law. No scheme of this kind will be offered by the RA.
7. The RA cannot guarantee returns, profits, accuracy or risk-free investments from research services. All opinions, projections and estimates are the RA's judgement as of the date of the report and may change without notice.
8. Any investment made on the basis of recommendations in research reports is subject to market risk.
9. Recommendations do not provide any assurance of returns.
10. There is no recourse to claim losses incurred on investments made on the basis of research recommendations.
11. The RA cannot ask for the client's login credentials or OTPs for trading, demat or bank accounts, and never will.
12. The RA will provide research services only after the client has signed or accepted these terms. The client may seek clarification on any service and may exit at any time.

1. Parties

Research Analyst: Chirag Kuldeep Jain, SEBI Registered Research Analyst, Reg. No. INH000014298, BSE Enlistment No. 5978. Client: any individual or entity that subscribes to the research services and is eligible under Indian law.

2. Purpose

These terms govern the use of and subscription to my research services, including on digital platforms. They follow the minimum terms SEBI prescribes for Research Analysts, and SEBI's regulations and circulars override them in case of any conflict.

3. Definitions

• Services: research reports, recommendations, model portfolios and related data.
• Digital platform: any website, app, email or messaging channel used to deliver services.
• KYC: Know Your Customer verification as required by SEBI and the KRA.

4. Scope of services

• Research only: no trade execution, no handling of client funds or securities, and no guaranteed returns.
• Model portfolios, if offered, are research recommendations only.
• Where AI tools are used, the RA remains accountable for all content.

5. Eligibility and KYC

Clients must be 18 or older and legally competent to contract. Clients must provide accurate KYC information. Incomplete or false KYC may lead to suspension or termination of services.

6. Client responsibilities

Keep your login credentials for any digital platform confidential and report any breach. Research content is for your own use: sharing, reselling or redistributing it without permission is not allowed and may lead to termination and legal action.

7. Fees and payment

As stated in the fee table and MITC above. Renewals are at the fee then published, never above the SEBI limit.

8. Termination

Either party may end the service with written notice. The RA may also suspend or end services if the RA's registration is suspended or cancelled by SEBI. Refunds on termination follow the refund policy below.

9. Confidentiality and data

Client information is kept confidential as required by the Code of Conduct in the Third Schedule of the SEBI (Research Analysts) Regulations, 2014, and is never sold or shared except as required by law or a regulator.

10. Governing law and disputes

These terms are governed by the laws of India. Disputes are resolved through the grievance process on this page, SEBI SCORES and SMART ODR. [Add jurisdiction city.]

Last updated: 27 September 2026

1. Scope

Applies to all paid research services. It does not cover investment outcomes: all investments carry market risk and returns are never guaranteed.

2. When you get a refund

• Premature termination: if you or I end the service before the subscription period ends, you get a proportionate refund for the unexpired period, with no penalty.
• Non-delivery: if I fail to deliver a paid service within the agreed time for reasons in my control, you get a full refund for the undelivered part.
• Regulatory action: if my registration is suspended for more than 60 days or cancelled, fees are refunded pro rata from the effective date to the end of the subscription.
• Double payment or overcharging: any duplicate payment or amount above the SEBI fee limit is refunded in full.
• CeFCoM payments: refunds are processed through CeFCoM as per SEBI and BSE rules.

3. What is not refundable

• Losses or dissatisfaction with investment outcomes.
• Statutory charges already paid to the government, where not recoverable.

4. How to request

Email [email protected] with your name, plan, payment reference and reason. Requests are reviewed within [5] working days and approved refunds are paid within [10] working days to the original payment method.

5. Changes

Any update to this policy is published here with a new "last updated" date and never reduces refund rights SEBI guarantees.

This policy is framed under the Prevention of Money Laundering Act, 2002, its rules, and SEBI's AML / CFT guidelines, so that my services are not misused for money laundering or terrorist financing.

1. Client acceptance

• No service to anonymous, fictitious or benami clients.
• No onboarding where KYC and due diligence, including PAN verification, cannot be completed.
• Clients are checked against SEBI's debarred entities list and UN Security Council sanctions lists.

2. Client identification and due diligence

Identity and address are verified using KYC records from the KRA and valid documents. Discrepancies are escalated to the Principal Officer. KYC is refreshed periodically as required.

3. Transaction monitoring and reporting

Fees are accepted only through banking channels and CeFCoM; cash is never accepted. Unusual or suspicious payments are reviewed by the Principal Officer and, where required, reported to FIU-IND, with confidentiality maintained.

4. Record keeping

KYC documents, agreements, fee records and client communications are kept for the period required under PMLA and SEBI regulations [state period, e.g. at least five years].

5. Principal Officer

Chirag Kuldeep Jain · [email protected] · +91 70216 35390

6. Review

This policy is reviewed at least once a year and whenever the law changes.

What I collect

Name, contact details, PAN and KYC information, payment details and communications, only as needed to provide research services and meet SEBI, KRA and tax requirements.

How it is used

For onboarding, delivering research, billing, grievance handling and regulatory record keeping. It is never sold or used for unrelated marketing.

Sharing

Only with the KRA, BSE (RAASB), SEBI, payment processors and authorities where the law requires.

Security and your rights

Data is stored securely and kept only as long as the law requires. You may ask to see or correct your data by writing to [email protected], in line with the Digital Personal Data Protection Act, 2023.

Complaints are accepted by email, phone, letter or in person, logged the same day and acknowledged within [2] working days. They are resolved within 21 days. Clients are told of the outcome in writing and of their right to escalate to SEBI SCORES and SMART ODR. Monthly complaint data is published on this page by the 7th of each month.

Do you guarantee returns or fixed profits?

No. SEBI rules prohibit any guaranteed, assured or fixed-return promise, and I never make one.

Can you help me recover past trading losses?

No. No research service can promise loss recovery, and any offer of this kind is a warning sign.

Will you trade in my account or manage my money?

No. I never execute trades, ask for login credentials or accept funds for investment.

Will you share my personal information?

No, except with regulators and agencies as the law requires. See the privacy policy above.

How do I check that you are genuinely registered?

Search INH000014298 on SEBI's intermediary register, or check BSE's list of enlisted research analysts. Match the name exactly before paying.