Legal, Compliance & Investor Information

This page consolidates all SEBI-mandated disclosures, investor protection information, and legal terms applicable to Infinia Research. Use the sections below to navigate quickly.

Disclosures under SEBI (Research Analysts) Regulations, 2014

1. Registration

Infinia Research is registered with SEBI as a Research Analyst under SEBI (Research Analysts) Regulations, 2014, bearing Registration No. INH000026585, valid from May 04, 2026 to May 03, 2031, and enlisted with BSE Administration & Supervision Limited (BASL) under No. 7089.

2. No Disciplinary History

There are no material disciplinary actions, penalties, or pending proceedings against Infinia Research or its Proprietor by SEBI, BSE, or any other statutory authority as on the date of this disclosure.

3. Independent Research

Infinia Research operates as an independent research firm and is not associated with any broker, sub-broker, distributor, merchant banker, portfolio manager, AMC, or any other intermediary in a manner that may give rise to a conflict of interest.

4. Sole Business Activity

Infinia Research is engaged solely in the business of providing research analyst services as defined under SEBI (RA) Regulations, 2014. The firm does not undertake broking, distribution, PMS, investment advisory, or any execution-related business.

5. Compensation

Infinia Research receives compensation only from its subscribed clients as subscription fees in accordance with the published fee structure. Infinia Research does not receive any compensation, gift, hospitality, or benefit from any subject company, broker, distributor, or third party.

6. No Performance-Linked Fees

Infinia Research does not charge any performance-linked or profit-sharing fees that imply assurance or guarantee of returns. All fees are fixed subscription-based.

7. Personal Trading & Restricted List

The Research Analyst follows a strict Personal Trading Code and maintains a Restricted List & Quiet Periods to avoid conflicts of interest. The Analyst shall not trade in securities of a subject company during the 30 days before and 5 days after publishing a research report, or contrary to the recommendation, in compliance with Regulation 16 of SEBI (RA) Regulations, 2014.

8. Holdings & Financial Interest in Subject Companies

Any financial interest, holdings, or material conflict of interest in a subject company, by the Research Analyst or his immediate relatives, shall be specifically disclosed in the relevant research report at the time of publication.

9. Source of Data

Data and information used in research are sourced from SEBI-approved market data vendors, exchange data feeds, company filings, and verified public sources. Infinia Research does not use any unpublished price-sensitive information (MNPI) or insider information.

10. Standard Warning (Mandatory)

“Investment in securities market are subject to market risks. Read all the related documents carefully before investing.”

“Registration granted by SEBI, membership of a SEBI recognized supervisory body and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.”

Disclaimer

1. About Infinia Research

Infinia Research is a SEBI Registered Independent Research Analyst engaged in providing research-based information, analysis, and recommendations on listed equities and equity derivatives traded on Indian exchanges. Services are offered strictly in accordance with the SEBI (Research Analysts) Regulations, 2014 and all applicable circulars, guidelines, and directives.

2. Nature of Services Offered

Infinia Research offers the following research-based services:

Intraday Trading Ideas (Equities and Index/Stock Futures & Options) – based on technical analysis;
Swing / Short-Term Trading Ideas – based on multi-timeframe technical analysis;
Investment Ideas & Research Reports – with periodic quarterly follow-ups;
Other Research-Based Products (sector notes, screeners, educational content) as permitted under SEBI regulations.

All services are research-based information only and shall not be construed as:

Personalized investment advice;
Portfolio Management Services (PMS);
Distribution or sale of any financial product;
An offer, solicitation, or invitation to buy/sell any security;
A guarantee or assurance of returns of any kind.

3. Service-Specific Risk Disclosures

a) Intraday Trading Ideas (Cash & Derivatives)

Intraday trading involves very high risk due to leverage, price volatility, slippage, gap-risk, and liquidity constraints.
Returns are not guaranteed; losses can exceed the initial capital deployed, especially in F&O.
Trade ideas are time-sensitive and require immediate action within the prescribed entry zone and time window. Late entries materially change the risk-reward.
Suitable only for experienced traders who understand and accept high-risk leverage products.

b) Swing / Short-Term Trading Ideas

Swing trading involves market risks including overnight risk, gap-risk, event risk, and volatility risk.
Recommendations are based on technical analysis with defined holding periods of a few days to weeks.
Stop-loss discipline is essential; failure to honor stop-loss may result in larger losses.

c) Investment Ideas & Research Reports

Investment recommendations have a typical time horizon of 6 to 24 months.
Recommendations are based on fundamental research and may be revised based on quarterly results, business developments, or material changes in the investment thesis.
Past performance is not indicative of future performance.

4. No Guarantee of Returns

Investments and trading in securities markets are subject to market and other risks. Infinia Research does not guarantee, assure, or promise any returns, profits, or capital protection on any recommendation or strategy.

5. Independent Decision Making

All clients and website visitors are advised to undertake an independent assessment of any recommendation, taking into account their personal financial situation, investment objectives, risk appetite, time horizon, and tax position. Where necessary, professional advice from financial, tax, or legal advisors should be obtained before acting on any information.

6. No Execution or Custody

Infinia Research:

Does NOT execute trades on behalf of any client;
Does NOT hold or handle client funds or securities;
Does NOT offer portfolio management or discretionary services;
Does NOT accept any power of attorney over client accounts;
Does NOT receive any referral commission, brokerage, or kickback from any broker, distributor, or intermediary.

7. Accuracy of Information

Information on this website has been compiled from sources believed to be reliable. However, Infinia Research makes no representation or warranty, express or implied, as to its accuracy, completeness, timeliness, or fitness for any purpose. Users access and rely upon such information at their own risk.

8. Third-Party Links

This website may contain links to third-party websites or platforms (including Telegram). Infinia Research has no control over and accepts no responsibility for the content, accuracy, or privacy practices of such external websites.

9. Telegram & Other Communication Channels

Trade ideas and updates may be distributed via Telegram private channels, Telegram bots, web portal, email, or app. Clients are advised to subscribe only to official channels of Infinia Research and report any impersonation. Infinia Research shall not be responsible for any losses arising from acting on messages from unofficial or duplicate channels.

10. Limitation of Liability

Infinia Research, its Proprietor, employees, or representatives shall not be liable for any direct, indirect, incidental, consequential, special, or punitive damages or losses—including loss of profits, business, data, or goodwill—arising out of or in connection with the use of this website, its content, or any research service.

11. Intellectual Property

All content, including reports, charts, analyses, logos, and software available on this website and through Infinia Research’s channels is the exclusive intellectual property of Infinia Research, protected under applicable copyright and trademark laws. No part may be reproduced, redistributed, or shared in any form without prior written consent.

12. Restriction on Redistribution

Research reports and trade ideas are intended exclusively for the subscribed individual client. Sharing, forwarding, copying, or redistributing the content—on social media, WhatsApp, Telegram groups, blogs, or otherwise—is strictly prohibited and may attract legal action.

13. Geographical Restrictions

The services and content are intended only for residents of India. They are not directed at any person or entity in any jurisdiction where such use would be contrary to local law or regulation.

14. Back-tested or Performance Data

Any back-tested results or historical performance reports, if displayed, are for illustrative purposes only. Such results have inherent limitations, do not represent actual trading, and should not be interpreted as a predictor of future returns.

15. Amendments

Infinia Research reserves the right to amend, modify, or update this Disclaimer at any time without prior notice. The latest version shall always be available on this website.

16. Governing Law and Jurisdiction

This Disclaimer shall be governed by and construed in accordance with the laws of India. Any disputes shall be subject to the exclusive jurisdiction of the courts at Jamnagar, Gujarat.

Individual Code of Conduct

This Code of Conduct is framed in accordance with the Third Schedule of the SEBI (Research Analysts) Regulations, 2014 read with Regulation 24(2) thereof, and is applicable to Mr. Kamlesh Dilipbhai Katarmal, Proprietor, Principal Officer, Compliance Officer, and Grievance Officer of Infinia Research, in the conduct of business as a SEBI Registered Research Analyst.
This Code is published on the website of Infinia Research in the interest of transparency and to inform clients, prospective clients, and the public at large about the professional and ethical standards adhered to in the conduct of research analysis activities.

1. Honesty and Good Faith
I shall act honestly, in good faith, and with integrity in the conduct of my research analysis activities and in all dealings with clients, prospective clients, and the securities market.
2. Diligence
I shall act with due skill, care, and diligence in the conduct of all my business activities, and shall ensure that the research analysis or research report is based on thorough analysis, professional judgement, and reasonable due diligence.
3. Conflict of Interest
I shall effectively address conflicts of interest, which may affect the impartiality of my research analysis or research reports. I shall make appropriate disclosures to mitigate such conflicts of interest, including disclosure of any actual or potential conflict of interest arising from any connection or association with the subject company, including but not limited to financial interest, business relationships, or holdings in the securities of the subject company.
4. Insider Trading or Front Running
I shall not engage in insider trading or front running or front running of any research report as defined under SEBI Regulations.
5. Confidentiality
I shall maintain the confidentiality of all client information, and shall not disclose such information to any third party, except where such disclosure is required by law or with the client’s prior written consent.
6. Professional Standards
I shall act in a manner consistent with the professional standards expected of a Research Analyst and shall not engage in any unethical conduct or any practice that would bring disrepute to the profession or to the securities market.
7. Compliance
I shall comply with all regulatory requirements applicable to the conduct of business as a Research Analyst, including but not limited to:
SEBI (Research Analysts) Regulations, 2014
SEBI (Prohibition of Insider Trading) Regulations, 2015
SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003
All circulars, guidelines, and directives issued by SEBI, BSE, and Research Analyst Administration and Supervisory Body (RAASB) from time to time
8. Responsibility of Senior Management
As the Proprietor and Principal Officer of Infinia Research, I bear primary responsibility for ensuring the maintenance of appropriate standards of conduct and adherence to proper procedures by myself and any associated persons.
9. Information about Clients
I shall seek from clients such information about their financial situation, investment experience, and investment objectives as relevant to the services to be provided, and shall maintain confidentiality of such information.
10. Fair Recommendations / Disclosures
I shall disclose, to the clients and prospective clients, in the research report and/or public appearance:
The financial interest in the subject company (including holdings) as on the date of publication of the research report;
The actual or potential conflicts of interest arising from any connection to or association with the subject company;
Any material information or facts that may compromise the objectivity or independence of the research analysis;
Receipt of any compensation or other benefits from the subject company or third party in connection with the research report;
Whether the subject company is or was a client during the twelve months preceding the date of publication of the research report.
11. Compensation from Companies Covered
I shall not receive any compensation or other benefits from the subject companies covered, in violation of the SEBI (Research Analysts) Regulations, 2014.
12. Compliance with Statutory Requirements
I shall abide by all the provisions of the SEBI Act, Rules, Regulations, Guidelines, Circulars, Notifications, and Directions issued by SEBI, Stock Exchanges, and other regulatory bodies from time to time relevant to the conduct of business as a Research Analyst.
13. Restriction on Trading in Securities Recommended
I shall not deal or trade in securities recommended or covered by me, in a manner contrary to the provisions of Regulation 16 of SEBI (Research Analysts) Regulations, 2014. Specifically:
I shall not trade in securities of the subject company 30 days before and 5 days after the publication of a research report;
I shall not trade in securities of the subject company in a manner contrary to my recommendations.
14. No Misleading Statements
I shall ensure that no statement is made, either oral or written, that may mislead any investor regarding the nature, risk, or features of any security or recommendation.
15. Maintenance of Records
I shall maintain appropriate records of research reports issued, rationale for recommendations, dealings in securities, client information, and grievances received, in compliance with regulatory requirements.
16. Investor Grievance Redressal
I shall promptly address all client queries and grievances and shall maintain a proper grievance redressal mechanism in line with SEBI guidelines, including registration on the SEBI SCORES platform and the Online Dispute Resolution (ODR) portal (SmartODR).
For any grievance, clients may contact: Grievance Officer: Mr. Kamlesh Dilipbhai Katarmal Phone: +91 97271 11511 Email: support@infiniaresearch.com
17. Cooperation with Regulator
I shall cooperate fully with SEBI, BSE, Research Analyst Administration and Supervisory Body (RAASB), and any other competent authority in connection with any inquiry, inspection, investigation, or audit.
18. Continuous Professional Education
I shall maintain my professional knowledge and competence through continuous professional education and shall ensure renewal of NISM certifications as required by SEBI from time to time.

Declaration
I, Mr. Kamlesh Dilipbhai Katarmal, Proprietor and Principal Officer of Infinia Research, do hereby affirm that I shall adhere to the Individual Code of Conduct as prescribed under the Third Schedule of SEBI (Research Analysts) Regulations, 2014, and as enumerated above, in letter and spirit at all times in the course of conducting business as a SEBI Registered Research Analyst.

For Infinia Research
Kamlesh Dilipbhai Katarmal Proprietor, Principal Officer & Compliance Officer SEBI Registered Research Analyst SEBI Reg. No.: INH000026585 | Valid: May 04, 2026 – May 03, 2031 BSE Enlistment No.: 7089
📞 +91 97271 11511 | ✉️ support@infiniaresearch.com

Place: Jamnagar Date: 17 May 2026

Investor Charter for Research Analysts

(As prescribed by SEBI vide Circular dated December 13, 2021)

A. Vision
To follow the highest standards of ethics and compliance while providing independent, unbiased, and quality research-based services to investors.

B. Mission
To provide research-based advisory and recommendations to investors based on rigorous analysis, integrity, and disclosure standards prescribed by SEBI.

C. Services Provided to Investors

Issue of investment ideas and research reports on listed securities
Time-bound trading ideas with defined risk parameters
Periodic updates and closure notes

D. Rights of Investors

Right to receive research-based recommendations
Right to fair, ethical, and transparent dealings
Right to grievance redressal within prescribed timelines
Right to privacy and data protection

E. Investor Responsibilities

Read all documents carefully before investing
Provide accurate KYC and risk profile information
Make payments only through approved channels
Acknowledge that no returns are guaranteed
Approach grievance channels in the prescribed manner

F. Grievance Redressal Mechanism
(See Section below)

Grievance Redressal Procedure

Level	Contact	Turnaround Time
Level 1 – Client Support	support@infiniaresearch.com	3 to 7 working days
Level 2 – Compliance Officer	Mr. Kamlesh Katarmal — +91 97271 11511	7 to 10 working days
Level 3 – SEBI SCORES	https://scores.gov.in	As per SEBI timelines
Level 4 – Online Dispute Resolution (ODR)	https://smartodr.in	As per ODR timelines

SEBI SCORES Process:

Register on https://scores.gov.in
Lodge complaint with all relevant details
Track resolution status online

ODR Process:
If a complaint remains unresolved at SCORES, investors may use the SMARTODR portal at https://smartodr.in for online dispute resolution through SEBI-empaneled ODR institutions.

Complaint Status

Monthly Complaints Data

(Updated by the 7th of every month, as required by SEBI.)

Complaint Data Table (Template):

Month-Year	Carried Forward (Beginning)	Received	Resolved	Pending (End)	Reasons for Pending
[May 2026]	0	0	0	0	—

Cumulative Trend Table:

Year	Total Received	Total Resolved	Total Pending
FY 2026-27	0	0	0

Data sourced from internal complaint register and SEBI SCORES portal.

Most Important Terms & Conditions (MITC)

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

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

Note:

2.1. The current fee limit is Rs. 1,51,000/- per annum per family of client for all research services of the RA.

2.2. The fee limit does not include statutory charges.

2.3. The fee limits do not apply to a non-individual client / accredited investor.

3. RA may charge fees in advance if agreed by the client. Such advance shall not exceed fees for a period of one year, as per SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/48 dated April 02, 2025. In case of pre-mature 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.

Note: The fee-related provisions (including fee limit, modes of payment, refund of fees, advance fee, and breakage fees) are applicable only to Individual and HUF clients who are not accredited investors. For non-individual clients, accredited investors, and institutional investors seeking recommendations of a proxy adviser, fee-related terms (including refund) shall be governed through bilaterally negotiated contractual terms.

4. Fees to 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 Centralized Fee Collection Mechanism (CeFCoM) managed by BSE Limited (i.e. currently recognized RAASB).

5. The RA is required to abide by the applicable regulations / circulars / 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.

6. Any assured / guaranteed / 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.

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

8. Any investment made based on recommendations in research reports are 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.

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

10. Grievance Redressal. Detailed grievance redressal procedures are available under the Grievance Redressal section of this page.

11. Clients are required to keep contact details, including email ID and mobile number(s), updated with the RA at all times.

12. 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 RA.

Refund Policy

1. Your Right to Discontinue

You may discontinue any active paid subscription at any time during its tenure. There is no lock-in period and no minimum commitment beyond the notice period described below.

As a SEBI-registered Research Analyst (and not an Investment Adviser), Infinia Research is not required to provide a cooling-off period. Accordingly, no cooling-off period applies.

2. How to Request Discontinuation

To discontinue a subscription, please send a written or recorded request through one of the following channels:

Email: support@infiniaresearch.com

Telephonic, in-person, or oral requests are not valid for the purpose of this policy. The date on which we actually receive your valid written request is the “Notice Date.”

3. Notice Period — 30 Calendar Days

A mandatory notice period of thirty (30) calendar days applies between the Notice Date and the effective end of your subscription. During this notice period:

Your subscription remains active, and you continue to receive all paid deliverables.
The “Discontinuation Date” is the 30th calendar day from the Notice Date, or the natural expiry of your subscription, whichever is earlier.

Short Remaining Tenure: If the unexpired portion of your subscription on the Notice Date is 30 days or less, your subscription will simply continue until its natural expiry. In this case, no refund is payable, as the entire remaining tenure is deemed utilized within the notice window.

4. Refund Calculation — Pure Pro-Rata

Refunds are calculated on a pure pro-rata basis for the unexpired period of your subscription, based on the actual fees you paid (including any festive or promotional discount availed).

Formula:

Pro-Rata Refund = Actual Fees Paid × (Unexpired Days ÷ Total Subscription Days)

Day-Count Convention (calculated from the subscription activation date):

Tenure	Days
Monthly	30
Quarterly	90
Half-Yearly	180
Annual	365

This is in accordance with SEBI MITC requirements (SEBI Circular dated 17 February 2025), which entitle you to refund of “proportionate fees only for unexpired period” on pre-mature termination.

5. Illustrative Example

Particulars	Value
Product	Intraday Trading Ideas — Annual (365 days)
Subscription Start	01-Jan-2026
Fees Paid	₹ 36,000
Notice Date	02-May-2026 (Day 122)
Discontinuation Date (Notice Date + 30 days)	01-Jun-2026 (Day 152)
Unexpired Days	213
Pro-Rata Refund (₹ 36,000 × 213 ÷ 365)	₹ 21,008
Less: Payment gateway charges (illustrative, RazorPay)	(₹ 850)
Net Refund Payable	₹ 20,158

Note: For UPI payments, no gateway charges apply.

6. Permissible Deductions

The following deductions, if actually incurred and documented, may be applied to the pro-rata refund:

Payment Gateway Charges borne on the original collection (does not apply to UPI payments)
Refund Processing Charges levied by banks or the payment gateway on the refund transaction
Non-Refundable Statutory Levies (GST, stamp duty, etc., if and when applicable)
TDS if required under the Income Tax Act, 1961

A break-up of any deductions is shared with you in the refund confirmation. No other deductions (such as administrative fees, breakage charges, or early-termination penalties) are levied.

7. Refund Mode & Timeline

Mode: Refunds are processed through the same payment channel from which the original fees were received, to an account or instrument held in your own name. We do not process refunds to third-party accounts.
Timeline: Refunds are initiated within fifteen (15) Working Days from the Discontinuation Date, subject to receipt of any required banking details, absence of disputes/chargebacks, and standard banking processing times.
Confirmation: Upon processing, you receive a refund confirmation via email and/or the Member Portal, including the transaction reference, refund amount, and deduction break-up.

8. Non-Refundable Scenarios

No refund is payable in the following cases:

Subscriptions provided free of cost, on a trial, or as a complimentary/goodwill gesture.
Subscriptions that have expired by efflux of time without renewal.
Subscriptions where the unexpired tenure on the Notice Date is 30 days or less.
Subscriptions terminated for fraud, forgery, false KYC, identity misrepresentation, or chargeback fraud.
Subscriptions affected by regulatory direction attributable to the Client’s own conduct or status.
Cases where the original payment has been charged back or disputed through the payment gateway — pending resolution, no parallel refund is processed.

9. Festive & Promotional Discounts

If you availed a festive or promotional discount, your refund is calculated on the discounted amount you actually paid, not on the standard published price. Discounts do not entitle you to a refund computed at the standard fee. Full terms governing discounts are set out in Section 9 of the Master Service Agreement.

10. Grievance Redressal

If you are not satisfied with the refund computation or processing, you may escalate as follows:

Detailed grievance redressal procedures are available under the Grievance Redressal section of this page.

11. Reference to Master Service Agreement

This Refund Policy is a summary of the binding refund terms set out in Section 10 (Refund Policy) of the Master Service Agreement that you execute with Infinia Research at the time of subscription. In case of any inconsistency between this summary and the Master Service Agreement, the Master Service Agreement shall prevail.

A sample copy of the Master Service Agreement is available [here] (link to MSA PDF on website). The binding, executed copy is the one you e-sign via SignSetu at the time of onboarding.

For any clarification, contact us at support@infiniaresearch.com.

Privacy Policy

1. Information We Collect:

KYC information (as per SEBI norms)
Contact details (name, email, phone, address)
Risk profile and investment preferences
Payment and billing information
Website analytics data (cookies, IP address)

2. How We Use Information:

To deliver subscribed research services
To meet KYC and regulatory obligations
To communicate updates, notes, and notifications
To process payments and issue invoices
To improve service quality

3. Data Sharing:
We do not sell, rent, or share client data with third parties for marketing. Data may be shared with:

Regulatory authorities (SEBI, exchanges) as required by law
Authorized service providers (payment gateways, email service providers) under confidentiality obligations

4. Data Retention:
Records retained for a minimum of 5 years as per SEBI norms, or longer where law requires.

5. Your Rights:

Access your data
Request correction of inaccurate data
Withdraw consent (subject to regulatory obligations)
Lodge a complaint regarding data handling

6. Cookies:
Our website uses essential cookies for functionality and optional analytics cookies. You can manage cookie preferences in your browser.

7. Contact for Privacy Matters:
Email: support@infiniaresearch.com

Website Terms of Use

The content on this website is for informational and educational purposes only and is not investment advice.
Use of this website implies acceptance of all disclosures, disclaimers, and policies published herein.
Research services are available only to subscribed clients after successful onboarding.
Unauthorized reproduction, redistribution, or commercial use of any content from this website is prohibited.
We reserve the right to modify website content, terms, or services at any time, with appropriate notice where required.
The website may contain links to third-party websites; we are not responsible for their content or practices.
All disputes are subject to Indian law and the jurisdiction of courts at Jamnagar, Gujarat, subject to ODR provisions.

Do’s and Don’ts for Investors

(SEBI Recommended)

✅ Do’s:

Deal only with SEBI Registered Research Analysts. Verify registration on the SEBI website.
Read the client agreement, MITC, and risk disclosures carefully before subscribing.
Pay fees only to the official bank account of the Research Analyst.
Always insist on a proper invoice for fees paid.
Maintain records of all communications and research notes.
Use SCORES and SMARTODR for unresolved grievances.

❌ Don’ts:

Do not make payments in cash or to personal/third-party accounts.
Do not trust anyone promising assured or guaranteed returns.
Do not share login credentials, OTPs, or personal data with unverified persons.
Do not act on unsolicited “tips” received on social media without proper context and disclosures.
Do not engage with anyone offering to manage your portfolio as a Research Analyst — RAs are not permitted to do so.