Parties to these Terms and Conditions:
i. Research Analyst: Khushal Growwealth Research Private Limited, a SEBI Registered Research Analyst holding Registration No. INH000014182, with its registered office in India (the "Research Analyst" or "RA").
ii. Client: The individual or entity subscribing to or availing research services provided by the Research Analyst (the "Client").
1. Availing the services. The Client accepts the research services on its own discretion, and the RA agrees to provide such services in accordance with the terms herein.
2. Obligations. Both parties shall be bound by all applicable regulations, rules, circulars, and amendments issued by SEBI, including the SEBI (Research Analysts) Regulations, 2014.
3. KYC. The Client agrees to submit all KYC documents as requested by the RA and gives consent to fetch KYC documents from the KYC Registration Agency (KRA).
4. Standard terms. The Client acknowledges that any investment made on the basis of recommendations is subject to market risk; recommendations carry no assurance of returns; and there is no recourse to claim losses.
5. Payment. Fees are payable via UPI, netbanking or verified payment gateway only — never in cash and never to a third party. Advance fees shall not exceed the period stipulated by SEBI (currently one quarter).
6. Risk factors. Trading in equities, derivatives and other securities is subject to market risks. Past performance does not indicate future performance. SEBI registration and NISM certification do not guarantee performance or returns.
7. Conflict of interest. The RA and its analysts do not trade in the securities subject to recommendation. Any actual or potential conflict of interest will be disclosed to the Client.
8. Termination & refunds. The Client may terminate if the RA fails to provide research, but not solely for unrealized losses or unilateral discontinuation. In case of suspension/cancellation of RA registration for more than 60 days, fees will be refunded on a pro-rata basis.
9. Grievance redressal. Step 1 — write to grievance@kgwealth.in. Step 2 — escalate to compliance@kgwealth.in. Step 3 — SEBI SCORES at scores.sebi.gov.in. Step 4 — ODR via smartodr.in.
10. No assured returns. Any assured / guaranteed / fixed return scheme is prohibited by law and shall never be offered.
11. Credentials. The RA will never ask for the Client's login credentials, OTPs or banking passwords. Never share such information with anyone.
12. Confidentiality, severability, force majeure apply per industry norms. Disputes shall be resolved through arbitration or SEBI-prescribed mechanisms.
NOTE: Clients are advised to read the Do's and Don'ts for dealing with Research Analysts as per SEBI Master Circular SEBI/HO/MIRSD-POD-1/P/CIR/2024/49 dated 21 May 2024 (and subsequent updates), and to review all Disclaimers, Disclosures and Refund Policy on this website.