Standard Disclosures

Business

The analyst is engaged in research and recommendation services. There is no portfolio management, no trade execution, and no custody of client securities.

Conflicts

• Any holding of one percent or more in a recommended security is disclosed on that note.
• No compensation is taken from a company for publishing a recommendation.
• The desk has not managed a public offer of a subject company in the last 12 months.
• The analyst is not a director, officer, or employee of a subject company.
• There is no market-making in the securities covered.

Associates and disciplinary history

No associate firm is listed in the registration record supplied for this site. No pending regulatory action was stated in that record.

Before any fee

• Ask the client to verify the SEBI registration independently.
• Share the disclosure document and the fee card.
• Do not send research or collect a fee before KYC and MITC consent.
• Do not suggest assured or fixed returns.

KYC and consent

• Collect name, PAN, address, mobile, email, and signature.
• Record that the research is for the client’s own decisions.
• Keep KYC for at least five years.
• Take recorded consent on the MITC before the first call.

Fees

• Stay inside the SEBI fee cap per family per year.
• Accept only banking channels: cheque, NEFT, RTGS, IMPS, UPI, or the centralised fee mechanism.
• Do not accept cash.

Checks

No service and no fee without completed KYC. Clients are screened against applicable sanctions lists. Payments must come from an account in the client’s own name. Third-party payments and cash are refused.

Monitoring

Split payments, a refusal to explain the source of funds, and a mismatch between the profile and the fee are treated as red flags. Where the law requires it, a suspicious transaction report is filed. The client is not told that a report was filed.