Most Important Terms & Conditions (MITC)

SEBI Registration & Compliance

The Research Analyst (RA) is registered with the Securities and Exchange Board of India (SEBI) under the SEBI (Research Analysts) Regulations, 2014. The RA shall comply with all applicable SEBI regulations, circulars, and guidelines at all times. Clients may verify the registration details on the SEBI website at sebi.gov.in.

No Guaranteed Returns

The RA shall not guarantee or assure any returns on investments made based on research recommendations. All research reports and recommendations are based on analysis and are subject to market risks. Past performance does not guarantee future results. Investment in securities is subject to market risks; clients should read all related documents carefully before investing.

Disclosure of Conflicts of Interest

The RA shall disclose all material conflicts of interest in research reports and recommendations. This includes any personal holdings, financial interest, or business relationships with the companies covered in research. Clients are advised to consider such disclosures before acting on any recommendation.

Fees, Charges & Refund Policy

All fees and charges for research services are clearly disclosed upfront before subscription. The RA shall not charge fees based on profits or returns generated by clients. Fees once paid are non-refundable except as per the RA's stated refund policy. No hidden charges shall be levied without prior written consent of the client.

Research Reports — Informational Purpose Only

All research reports, recommendations, and analysis provided by the RA are for informational and educational purposes only. They do not constitute investment advice, solicitation, or an offer to buy or sell any securities. Clients should consult their financial advisors before making any investment decisions based on the research provided.

No Fund Management

The RA shall not manage funds or portfolios on behalf of clients. The RA is only authorized to provide research and recommendations. Clients retain full control and responsibility of their own investment decisions, trading accounts, and funds at all times. Never hand over funds or portfolio management rights to the RA.

Client's Right to Terminate

The client has the right to terminate the agreement with the RA at any time by providing written notice. Upon termination, the RA shall stop providing services. Any fees paid in advance for services not yet rendered shall be handled as per the agreed refund policy. Termination does not affect any rights or obligations that accrued before the date of termination.

Risk Disclosure & Suitability

Investment in equities, mutual funds, and other securities involves risk of loss of both income and principal. The RA shall assess the risk profile and suitability of clients before providing recommendations. Clients must understand that not all recommendations may be suitable for their individual financial situation, risk tolerance, and investment objectives.

Grievance Redressal Mechanism

Clients may lodge complaints or grievances against the RA through the following channels:

Email: ibtiassetmanagers@gmail.com  |  Phone: +91 83414 17667
Unresolved complaints may be escalated to SEBI SCORES (scores.sebi.gov.in) or through the Online Dispute Resolution (ODR) platform at smartodr.in. The RA shall resolve all complaints within 30 days of receipt.

Prohibition on Unauthorised Activities

The RA shall not undertake any activity that is not permitted under SEBI (Research Analysts) Regulations, 2014. This includes but is not limited to: acting as a portfolio manager, investment adviser, or broker without the respective SEBI registration. Clients are advised to report any such unauthorized conduct immediately to SEBI.

Data Privacy & Confidentiality

All personal and financial information provided by the client to the RA shall be kept strictly confidential and shall not be shared with any third party without the explicit consent of the client, except as required by law or regulatory authorities. The RA adheres to all applicable data protection and privacy laws of India.