SEBI requires every Research Analyst to disclose a standardised set of Most Important Terms and Conditions and to obtain the client’s consent before rendering research services or charging any fee. The MITC highlights the terms that matter most; it does not replace the complete terms of the research service.
1. Scope of the service
Profit Booster Analysis is registered with SEBI as a Research Analyst and is engaged solely in publishing research reports and research recommendations on securities. We are not an Investment Adviser, Portfolio Manager, Stock Broker or Distributor, and we do not act in any of those capacities for you.
2. Research is not personalised advice
Research reports are prepared for a general audience of subscribers. They are not tailored to your financial situation, investment objectives, income, existing holdings, tax position or risk tolerance, and no suitability assessment is carried out for you. Assess suitability independently, or consult a SEBI Registered Investment Adviser.
3. No assured or guaranteed returns
We do not, and are prohibited from, offering or promising any assured return, guaranteed return, minimum profit, capital protection or similar assurance, directly or by implication, in any communication, advertisement or conversation. If any person offers such an assurance in our name, they are not authorised by us — report it to us and to SEBI at once.
4. Market risk and possible loss
Investment in the securities market are subject to market risk. Derivative instruments are leveraged; losses can exceed the amount initially paid and can accumulate rapidly. You may lose part or all of the capital you deploy. Every decision to act on a research report, and every consequence of it, is yours alone.
5. Fees and the statutory fee cap
- Fees are as stated in your service terms and in the Packages section above, exclusive of GST and other statutory levies.
- For individual and HUF clients the total fee is capped at ₹1,51,000 per annum per family of client across all our research services. SEBI reviews this limit every three years against the Cost Inflation Index.
- The cap does not apply to non-individual clients, accredited investors or institutional investors.
- Fees may be collected in advance for a period not exceeding one year.
- Statutory charges, taxes and payment-gateway charges are additional and are not part of the research fee.
6. Fee collection route
Fees must be paid only through banking channels, from your own self-owned bank account, against a tax invoice raised in the name of the registered Research Analyst. Cash payment is strictly prohibited. We never ask you to transfer funds to any individual for trading or investment.
7. We do not handle your funds or securities
We do not accept, hold, manage or have any access to your money, trading account or demat account. We will never ask for your trading or demat login credentials, passwords or one-time passwords, and you must never share them with us or anyone claiming to represent us.
8. No execution on your behalf
We do not place, modify or cancel any order for you, and we hold no power of attorney or trading authorisation over any account of yours. All execution decisions and actions are yours, through your own broker.
9. Conflicts of interest
The Research Analyst, and where applicable their relatives and associates, may hold positions in covered securities. Any financial interest, beneficial ownership of one per cent or more, and any other material conflict is disclosed in the report itself and in the Standard Disclosures section above. Trading restrictions and cooling-off periods prescribed for Research Analysts are observed.
10. Termination and refund
- You may terminate the research service at any time by written notice.
- On termination, the fee for the unexpired portion of a prepaid term is refunded pro-rata.
- No breakage fee is charged on early termination.
- We may terminate where you breach the terms, where continuing would breach a law or regulation, or on cessation of our registration — the same pro-rata refund principle applies.
11. Confidentiality and use of your data
Your personal and financial information is kept confidential and used only to provide the research service and meet our regulatory obligations. It is not sold or rented. It may be disclosed where required by law, by SEBI, or by the supervisory body.
12. Use of technology and AI tools
Where any automated tool, model or artificial-intelligence system is used in preparing or distributing research, the Research Analyst remains fully responsible for the security, confidentiality, integrity and output of that tool and for compliance with the regulations, regardless of the scale or scenario of its use. See the AI disclosure in Standard Disclosures above.
13. Records
We maintain records of research reports, the rationale underlying each recommendation, client onboarding documents, consents, fee receipts, communications and complaints for the period required under the SEBI (Research Analysts) Regulations, 2014.
14. Grievance redressal
Raise any grievance with the Compliance and Grievance Officer at cavaibhavmote@gmail.com or +91 92096 48922. Grievances are resolved within 21 calendar days. If you are not satisfied, escalate to SEBI SCORES (opens in a new tab), and thereafter through SMART ODR (opens in a new tab).
15. Registration is not an endorsement
Registration granted by SEBI, enlistment with a SEBI recognised supervisory body and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
Where there is any inconsistency between the MITC, the full terms of service, and the SEBI (Research Analysts) Regulations, 2014 and the circulars issued under them, the regulations prevail.