Most Important Terms & Conditions

A Research Analyst provides research services and cannot execute purchase or sale transactions on behalf of a client.

For individual and HUF clients, the applicable fee is subject to the maximum prescribed by SEBI/RAASB. The current stated limit is 1,51,000 per annum per family for all research services, excluding statutory charges. The applicable limit should be rechecked when the service is launched.

Advance fees may be accepted only within the period and conditions permitted by the applicable SEBI framework. The current MITC states that the advance period should not exceed one quarter.

Permitted electronic/payment modes may be used; cash payment is not permitted under the current MITC. Where services are terminated early, the applicable proportionate refund rules apply to the unexpired period.

Assured, guaranteed or fixed-return schemes of the prohibited nature cannot be offered as Research Analyst services.