Terms and Conditions

The Client has read and understood the terms and conditions of the research recommendation services provided by the Research Analyst, including the fee structure and mechanism for charging and payment of the fee.

The Research Analyst

Does not manage funds or securities on behalf of the Client.
Does not offer any guaranteed or assured return services.
Will strictly provide services as per SEBI (Research Analysts) Regulations, 2014.
Shall be bound by SEBI Act and all applicable rules and regulations of SEBI, including RA Regulations and relevant notifications of Government, as may be in force from time to time.

I. Investment Risk Acknowledgement

Investment in equities, derivatives, mutual funds, and Exchange-Traded Indexes are subject to market risks, and there is no assurance that the objectives of the investment strategy will be achieved.
Past performance of the Research Analyst does not indicate future performance. Investors are not being offered any guaranteed returns.
Investments in securities markets are subject to market risks. Read all related documents carefully before investing.
Recommendations by the Research Analyst may not always be profitable, as actual market movements may differ from anticipated trends.
The Research Analyst is not responsible for any losses resulting from its research services.
Registration granted by SEBI, enlistment of RA with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

II. Limitation of Liability

Except as otherwise provided by law, the Research Analyst, its employees, or affiliates will not be liable to the Client for any loss that:

May arise due to fluctuations in asset values, underperformance, or market volatility.
May result from actions taken or omitted in good faith, using due diligence and prudence, under similar fiduciary circumstances.

No suit, prosecution, or legal proceeding shall lie against the Research Analyst for any damage caused in good faith under SEBI (Research Analysts) Regulations, 2014.

III. Client Information and KYC

Clients shall furnish all details in full as may be required by RA with supporting details if mandated by RAASB/SEBI. RA shall collect, store, upload, and check KYC records with KYC Registration Agency (KRA) as specified by SEBI from time to time.

IV. Dispute Resolution

All disputes shall be resolved in accordance with the Arbitration and Conciliation Act, 1996, in Indore, Madhya Pradesh, in English.

V. Force Majeure

RA is not liable for delays or failures due to causes beyond its control, including natural disasters, war, riots, power failure, or internet outages.

VI. Mode of Communication

Recommendations will be shared via RA’s official Telegram channel, WhatsApp group, email, or other legally agreed modes. Only recommendations through these channels are valid. Communications will be made only through sharma.manjushri@gmail.com or www.equitygurums.com.

VII. Regulatory Compliance

RA shall comply with all applicable SEBI regulations and guidelines.

VIII. Demo Disclaimer

Demo calls are for demonstration purposes only; clients decide independently whether to trade.

IX. Package-Specific Recommendations

Recommendations depend on the client’s chosen package. RA is not liable for gains or losses.

X. Technical & Market Risks

RA is not responsible for losses due to market fluctuations, delayed communication, technical issues, or news events.

XI. Refund Policy

RA does not offer profit-sharing or guaranteed return services. Refunds on pro-rata basis only in cases of RA suspension/cancellation. Fee payments are for services only.

XII. Confidentiality and Conduct

Clients, employees, and associates must not share research reports or confidential data. Legal action will be taken against violators. Employees may not accept gifts. Fees must only be transferred to official accounts. RA does not operate Demat or trading accounts; clients must not share OTPs or passwords.

XIII. Instalment Payments

Fees may be allowed in instalments for service payments only; no refunds for dissatisfaction mid-term.

XIV. Modifications

RA reserves the right to amend terms without prior client approval.

XV. Grievance Redressal

For queries or disputes, write to sharma.manjushri@gmail.com. If unresolved:

Lodge complaints via SEBI SCORES at www.scores.sebi.gov.in
Use Smart ODR at https://smartodr.in

XVI. Most Important Terms and Conditions (MITC)

RA cannot execute/carry out any trade on behalf of the client.
Fees charged are subject to maximum limits prescribed by SEBI/RAASB.
RA may charge fees in advance if agreed, not exceeding one quarter.
Fees to RA may be paid via cheque, bank transfer, UPI, or CeFCoM; cash not allowed.
RA will inform clients of any conflict of interest.
No assured/guaranteed/fixed returns schemes allowed.
RA cannot guarantee returns or accuracy of research.
Investments based on RA recommendations are subject to market risks.
SEBI registration, RAASB enlistment, and NISM certification do not guarantee performance.
Grievances: Step 1 - Contact RA, Step 2 - SEBI SCORES, Step 3 - Smart ODR.
Clients must keep contact details updated with RA.
RA will never ask for login credentials or OTPs.

XVII. Governing Law and Jurisdiction

These Terms & Conditions are governed by Indian law. Jurisdiction: Indore, Madhya Pradesh courts only.

XVIII. Severability Clause

If any provision is held invalid, the rest remain in full force. This document is standalone and supersedes any previous version.

XIX. Communications

Clients consent to receive SMS, emails, newsletters, research reports, and promotional content. Redistribution or unauthorized sharing is prohibited and will lead to legal action and subscription cancellation.

XX. Acknowledgement and Consent

By subscribing to our services, you agree to all the clauses of the Terms & Conditions with your own free will and consent.

Disclaimer: Registration granted by SEBI, enlistment of RA with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Standard Warning: Investment in securities market are subject to market risks. Read all related documents carefully before investing.