Disclaimer

Please read the following very carefully

1. Investments in securities market are subject to market risks. Read all the related documents carefully before investing.

2. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

3. The fees is paid for research recommendations and is refundable only under applicable conditions.

4. We do not provide any guaranteed profit or fixed returns or any other services. We charge fixed fees and do not operate on any profit sharing model.

5. Images shared are for illustration purposes only.

6. We are not responsible for any financial loss or any other loss incurred by the client.

7. Please be fully informed about the risk and costs involved in trading and investing. Please consult your investment advisor before trading. Trade only as per your risk appetite and risk profile.

8. Trading in options is risky due to its volatile nature. Upon accepting our service, you hereby accept that you fully understand the risks involved in trading.

9. We advise the viewers to apply own discretion while referring testimonials shared by the client. Past performances and results are no guarantee of future performance.

10. All recommendations shared are confidential and for the reference of paid members only. Any unapproved distribution of sensitive data will be considered as a breach of confidentiality and appropriate legal action shall be initiated.

11. The recommendations must not be used as a singular basis of any investment decision. The views do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing and trading. Our recommendations should not be construed as investment advice.

12. In case of any query, please email on contact@darshannrao.com. Our team will get back to you and resolve your query. Please provide your registered phone number while e-mailing us.

13. Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's fundamentals.

14. The research analyst or research entity or his associate or his relative do not have financial interest in the subject company.

15. The research analyst or its associates or relatives, do not have actual/beneficial ownership of one per cent or more securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance.

16. The research analyst or his associate or his relative do not have any other material conflict of interest at the time of publication of the research report or at the time of public appearance.

17. The research analyst or its associates have not received any compensation from the subject company in the past twelve months.

18. The research analyst or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months.

19. The research analyst or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months.

20. The research analyst or its associates have not received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months.

21. The research analyst or its associates have not received any compensation or other benefits from the subject company or third party in connection with the research report.

22. The research analyst has not been engaged in market making activity for the subject company.

23. The research analyst has not served as an officer, director or employee of the subject company.

24. The research analyst did not receive any compensation or other benefits from the companies mentioned in the documents or third party in connection with preparation of the research documents. Accordingly, research Analyst does not have any material conflict of interest at the time of publication of the research documents.

25. Trades shared on any public platform are for educational purposes only and should not be considered as sales or promotion. Please consult you investment advisor before taking any trade.

disclosure

The purpose of the document is to provide essential information about the Research Services in a manner to assist and enable the prospective client/client in making an informed decision for engaging in Research services before onboarding.

History, Present business and Background

Darshan N Rao, is registered with SEBI as Research Analyst with registration no. INH000017958.

The Research Analyst got his registration on July 25, 2024 and is engaged in offering research and recommendation services.

Terms and conditions of Research Services

The Research Services will be limited to providing independent research recommendation and shall not be involved in any advisory or portfolio allocation services.

The Research Analyst never guarantees the returns on the recommendation provided.

Investor shall take note that Investment/trading in stocks/Index or other securities is always subject to market risk.

Past performance is never a guarantee of same future results.

The Research Analyst shall not be responsible for any loss to the Investors.·

Disciplinary history

There are no pending material litigations or legal proceedings against the Research Analyst.

As on date, no penalties / directions have been issued by SEBI under the SEBI Act or Regulations made there under against the Research Analyst relating to Research Analyst services.

Details of its associates

No associates

Disclosures with respect to Research and Recommendations Services

Ø The Research Analyst or any of its officer/employee does not trade in securities which are subject matter of recommendation.

Ø There are no actual or potential conflicts of interest arising from any connection to or association with any issuer of products/ securities, including any material information or facts that might compromise its objectivity or independence in the carrying on of Research Analyst services. Such conflict of interest shall be disclosed to the client as and when they arise.

Ø Research Analyst or its employee or its associates have not received any compensation from the company which is subject matter of recommendation.

Ø Research Analyst or its employee or its associates have not managed or co-managed the public offering of any company.

Ø Research Analyst or its employee or its associates have not received any compensation for investment banking or merchant banking of brokerage services from the subject company.

Ø Research Analyst or its employee or its associates have not received any compensation for products or services other than above from the subject company.

Ø Research Analyst or its employee or its associates have not received any compensation or other benefits from the Subject Company or 3rd party in connection with the research report/ recommendation.

Ø The subject company was not a client of Research Analyst or its employee or its associates during twelve months preceding the date of recommendation services provided.

Ø Research Analysts or its employee or its associates has not served as an officer, director or employee of the subject company.

Ø Research Analysts has not been engaged in market making activity of the subject company.·

Standard Warning:

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

Disclaimer:

“Registration granted by SEBI, and certification from NISM in no way guarantee performance of the Research Analyst or provide any assurance of returns to investors.”

code of conduct

Honesty and Good Faith

Research analyst shall act honestly and in good faith.

Diligence

Research analyst shall act with due skill, care and diligence and shall ensure that the research report is prepared after thorough analysis.

Conflict of Interest

Research analyst shall effectively address conflict of interest which may affect the impartiality of its research analysis and research report and shall make appropriate disclosures to address the same.

Insider Trading or front running

Research analyst or its employees shall not engage in insider trading or front running or front running of its own research report.

Compliance

Research analyst shall comply with all regulatory requirements applicable to the conduct of its business activities.

Confidentiality

Research analyst or its employees shall maintain confidentiality of report till the report is made public.

Professional Standard

Research analyst or its employees engaged in research analysis shall observe high professional standard while preparing research report.

Responsibility of management

The senior management of research analyst shall bear primary responsibility for ensuring the maintenance of appropriate standards of conduct and adherence to proper procedures.

Investor Charter

A. Vision and Mission Statements for investors

Vision

Invest with knowledge & safety.

Mission

Every investor should be able to invest in right investment products based on their needs, manage and monitor them to meet their goals, access reports and enjoy financial wellness.

B. Details of business transacted by the Research Analyst with respect to the investors

To publish research report based on the research activities of the RA
To provide an independent unbiased view on securities.
To offer unbiased recommendation, disclosing the financial interests in recommended securities.
To provide research recommendation, based on analysis of publicly available
information and known observations.
To conduct audit annually
To ensure that all advertisements are in adherence to the provisions of the Advertisement Code for Research Analysts.
To maintain records of interactions, with all clients including prospective clients (prior to onboarding), where any conversation related to the research services has taken place.

C. Details of services provided to investors (No Indicative Timelines)

Onboarding of Clients
- Sharing of terms and conditions of research services
- Completing KYC of fee paying clients

Disclosure to Clients:
- To disclose, information that is material for the client to make an informed decision, including details of its business activity, disciplinary history, the terms and conditions of research services, details of associates, risks and conflicts of interest, if any
- To disclose the extent of use of Artificial Intelligence tools in providing research services
- To disclose, while distributing a third party research report, any material conflict of interest of such third party research provider or provide web address that directs a recipient to the relevant disclosures
- To disclose any conflict of interest of the activities of providing research services with other activities of the research analyst.
To distribute research reports and recommendations to the clients without discrimination.
To maintain confidentiality w.r.t publication of the research report until made available in the public domain.
To respect data privacy rights of clients and take measures to protect unauthorized use of their confidential information
To disclose the timelines for the services provided by the research analyst to clients and ensure adherence to the said timelines
To provide clear guidance and adequate caution notice to clients when providing recommendations for dealing in complex and high-risk financial products/services
To treat all clients with honesty and integrity
To ensure confidentiality of information shared by clients unless such information is required to be provided in furtherance of discharging legal obligations or a client has provided specific consent to share such information.

D. Details of grievance redressal mechanism and how to access it

Investor can lodge complaint/grievance against Research Analyst in the following ways:

Mode of filing the complaint with research analyst

In case of any grievance / complaint, an investor may approach the concerned Research Analyst who shall strive to redress the grievance immediately, but not later than 21 days of the receipt of the grievance.

Mode of filing the complaint on SCORES or with Research Analyst Administration and Supervisory Body (RAASB)

i. SCORES 2.0 (a web based centralized grievance redressal system of SEBI for facilitating effective grievance redressal in time-bound manner) (https://scores.sebi.gov.in)

Two level review for complaint/grievance against Research Analyst:

• First review done by designated body (RAASB)

• Second review done by SEBI

ii. Email to designated email ID of RAASB

Clients can write to the research analyst at darshannrao91@gmail.com

2. If the Investor is not satisfied with the resolution provided by the Market Participants, then the Investor has the option to file the complaint/ grievance on SMARTODR platform for its resolution through online conciliation or arbitration.

With regard to physical complaints, investors may send their complaints to:

Office of Investor Assistance and Education,

Securities and Exchange Board of India,

SEBI Bhavan, Plot No. C4-A, ‘G’ Block,

Bandra-Kurla Complex, Bandra (E),

Mumbai - 400 051

E. Rights of investors

Right to Privacy and Confidentiality
Right to Transparent Practices
Right to fair and Equitable Treatment
Right to Adequate Information
Right to Initial and Continuing Disclosure -Right to receive information about all the statutory and regulatory disclosures
Right to Fair & True Advertisement
Right to Awareness about Service Parameters and Turnaround Times
Right to be informed of the timelines for each service
Right to be Heard and Satisfactory Grievance Redressal
Right to have timely redressal
Right to Exit from Financial product or service in accordance with the terms and conditions agreed with the research analyst
Right to receive clear guidance and caution notice when dealing in Complex and High-Risk Financial Products and Services
Additional Rights to vulnerable consumers
- Right to get access to services in a suitable manner even if differently abled
Right to provide feedback on the financial products and services used
Right against coercive, unfair, and one-sided clauses in financial agreements

F. Expectations from the investors (Responsibilities of investors)

Do’s

Always deal with SEBI registered Research Analyst.
Ensure that the Research Analyst has a valid registration certificate.
Check for SEBI registration number. Please refer to the list of all SEBI registered Research Analyst which is available on SEBI website in the following link: https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=14
Always pay attention towards disclosures made in the research reports before investing.
Pay your Research Analyst through banking channels only and maintain duly signed receipts mentioning the details of your payments. You may make payment of fees through Centralized Fee Collection Mechanism (CeFCoM) of RAASB if research analyst has opted for the mechanism. (Applicable for fee paying clients only)
Before buying/ selling securities or applying in public offer, check for the research recommendation provided by your Research Analyst.
Ask all relevant questions and clear your doubts with your Research Analyst before acting on recommendation.
Seek clarifications and guidance on research recommendations from your Research Analyst, especially if it involves complex and high risk financial products and services.
Always be aware that you have the right to stop availing the service of a Research Analyst as per the terms of service agreed between you and your Research Analyst.
Always be aware that you have the right to provide feedback to your Research Analyst in respect of the services received.
Always be aware that you will not be bound by any clause, prescribed by the research analyst, which is contravening any regulatory provisions.
Inform SEBI about Research Analyst offering assured or guaranteed returns.

Don’ts

Do not provide funds for investment to the Research Analyst.
Don’t fall prey to luring advertisements or market rumors.
Do not get attracted to limited period discount or other incentive, gifts, etc. offered by Research Analyst.
Do not share login credential and password of your trading, demat or bank accounts with the Research Analyst.

Grievance Redressal Mechanism

Clients can seek clarification to their query and are further entitled to make a complaint in writing, orally or telephonically.

1. Clients can write to the research analyst at darshannrao91@gmail.com

2. Alternatively, the Investor may call on +91 9886363191.

3. A letter may also be written with their query/complaint and posted at the below mentioned address:

Darshan N Rao

Sri Manjunatha Nilaya,

1464/D, 17th A Main, 2nd Cross,

J.P. Nagar, 2nd Phase,

Bangalore – 560078.

KARNATAKA, INDIA.

4. The client can expect a reply within 21 days of approaching the Research Analyst.

5. In case you are not satisfied with our response you can lodge your grievance with SEBI at SEBI SCORES OR SEBI SMARTODR or write to any of the offices of SEBI.

SEBI SCORES link: https://scores.sebi.gov.in/

6. After exhausting the above options for resolution of the grievance, if the investor/client is still not satisfied with the outcome, they can initiate dispute resolution through the ODR Portal.

7. For more details about the ODR mechanism, fees, timelines etc.

SEBI SMARTODR link: https://smartodr.in/login

Details of Compliance Officer:

Name : Darshan N Rao

Contact No. : 9886363191

Email: darshannrao91@gmail.com

Complaint log/status

Formats for investors complaints data to be disclosed monthly by RAs on their website/mobile application:

refund Policy

All sales are final, and we do not offer refunds for the paid period of services already availed by the client. Complaints or dissatisfaction regarding the quality of services during the paid period shall not entitle the client to any refund or compensation.

As per SEBI guidelines, if a client requests to cancel the subscription, a refund shall only be issued for the unused portion of the subscription period. The refund will be calculated on a pro-rata basis, deducting the charges for the services already availed, including applicable taxes and administrative fees.

Refunds will not be provided for the period of services already availed, irrespective of the client's satisfaction with the recommendations or the outcome of trades.

In the event of suspension or cancellation of the Research Analyst's (RA) registration by SEBI, the RA reserves the right to suspend or terminate the provision of research services to the client. In such cases, the RA shall refund the fees on a pro-rata basis for the period from the effective date of the suspension or cancellation until the end of the subscription period. The refund shall be processed within a reasonable time frame following the suspension or cancellation of registration.

Investment in securities markets are subject to market risks. Profits and losses incurred due to the use of our recommendations are solely the responsibility of the client.

By subscribing to our services and making payment, the client acknowledges that they have read, understood, and agreed to the refund policy, as well as the disclaimer, disclosure, and other terms mentioned on our website.

For any questions or assistance regarding our refund policy, please contact us at:

Phone: 9886363191

Email: darshannrao91@gmail.com