Smarter Stock Analysis

Please read these terms carefully before using the website.

By accessing and using our website, you agree to comply with the following terms and conditions. Please read them carefully.

1. Consent and Availing Research Services

By subscribing and accepting delivery of our research services, you confirm that you have elected to avail these services at your sole discretion, after reading and agreeing to the terms and conditions, fee structure, and rights and obligations as per SEBI (Research Analysts) Regulations, 2014. We shall not render any research service or charge any fee until we have received your consent on these terms.

2. Obligations Under SEBI Regulations

Both the Research Analyst (RA) and you, the client, shall be bound by the SEBI Act, applicable rules and regulations of SEBI including the RA Regulations and relevant government notifications as may be in force from time to time.

3. Client Information and KYC

You agree to provide all required KYC details in the standard form along with supporting documents. As per SEBI rules, we shall collect, store, and verify KYC records with the KYC Registration Agency (KRA) designated by SEBI.

4. Standard Terms of Service & Client Declaration

You declare:

• You have read and understood applicable SEBI regulations, including fee structure.
• You subscribe to our research services solely for your own benefit and consumption.
• Any investment based on our recommendations is at your own judgment and risk.
• Our recommendations do not assure any profits. You shall not claim losses from such actions.

We declare:

• We are registered with SEBI as Research Analyst under Reg. No. INH000022604.
• We have required qualifications and valid registrations to render research services.
• We comply with all applicable laws and regulations.
• Maximum fee we may charge is ₹1.51 lakhs per annum per family (excluding statutory charges).
• Our recommendations do not guarantee any returns.
• As an individual RA, we are not engaged in conflicting activities.

5. Fees and Mode of Payment

You agree to pay applicable service fees plus statutory charges. Payments may be made via cheque, bank transfer, UPI, or other legally permitted modes. Cash payments are not allowed. Optionally, you may also pay through the centralized fee collection mechanism (CeFCoM) managed by BSE (RAASB).

6. Standard Risk Factors

Investing and trading in securities involves risks, including possible loss of principal. Recommendations do not assure returns. Past performance does not guarantee future outcomes.

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

7. Conflicts of Interest

We shall disclose and mitigate all actual or potential conflicts as per SEBI regulations. We do not receive compensation from subject companies. Analysts certify their independence.

8. Termination & Refund of Fees

If our SEBI registration is suspended or cancelled, services shall be terminated and fees refunded on a pro-rata basis for the remaining subscription period. If services are terminated prematurely by either party, proportionate fees for the unexpired period will be refunded. No breakage fee will be charged.

9. Grievance Redressal & Dispute Resolution

For grievances regarding non-receipt or errors in research reports, or deficiencies in service, please escalate to our designated Grievance Officer (contact details listed on our website).

Please review the refund policy carefully before subscribing.

• 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.
• Always remember: Trading/Investment in Securities Markets are always subjected to Market Risk.
• Any profits or losses resulting from our recommendations are solely the responsibility of the client. Bhupendra Kumar Kushwaha shall not be liable for any trade losses incurred based on the research provided, and clients have no right to claim compensation for any losses under any circumstances.
• I request you to go through my website and read about the Disclaimer, Disclosure, and other terms before subscribing to my services.
• I do not offer any guaranteed returns or commit to guaranteed profits on our recommendations. I trade and invest in the stock market, where all investment and trading capital is subject to market risk.
• By making the payment for my services it is acknowledged that the client has read and understand the refund policy.
• Any request by the client to cancel a service or get a refund will not be accepted in any case.
• If you still have any query, contact us on: +91 7566368459, or mail us: support@dhanresearch.com.

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. Business Transacted by the Research Analyst

• Publish research reports based on research activities of the Research Analyst.
• Provide an independent and unbiased view on securities.
• Offer recommendations while disclosing any financial interest in recommended securities.
• Provide research recommendations based on publicly available information and analysis.
• Conduct annual audits.
• Ensure compliance of advertisements with the Advertisement Code for Research Analysts.
• Maintain records of client interactions, including prospective clients.

C. Details of Services Provided to Investors

• Sharing terms & conditions of research services and completing KYC (for fee-paying clients).
• Disclosing all material information, risks, conflicts of interest, business activities and disciplinary history.
• Distributing research reports and recommendations without discrimination.
• Maintaining confidentiality until research is made public.
• Protecting clients' personal and confidential data.
• Providing cautionary guidance when recommending high-risk or complex instruments.
• Ensuring timelines for services are communicated and followed.

D. Grievance Redressal & Escalation Mechanism

If you have a grievance, you may first contact the Research Analyst. The grievance shall be addressed within 21 working days.

• SCORES Portal (SEBI online grievance system): https://scores.sebi.gov.in
• SMART ODR (For Online Dispute Resolution): https://smartodr.in
• RAASB (Supervisory Body): Complaints reviewed first by RAASB, then SEBI if unresolved.

Physical Complaint Address: Office of Investor Assistance and Education, SEBI Bhavan, Plot No. C4-A, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400051

E. Rights of Investors

• Right to Privacy and Confidentiality.
• Right to Transparent & Fair Practices.
• Right to Adequate and True Information.
• Right to Grievance Redressal within stipulated timelines.
• Right to exit services as per agreed terms.
• Right to caution notices on high-risk recommendations.
• Right to provide feedback.

F. Responsibilities of Investors

Do's:

• Deal only with SEBI registered Research Analysts.
• Check SEBI registration number before engaging.
• Make payments only through banking channels and keep receipts.
• Read disclosures before acting on recommendations.
• Ask questions and seek clarity when in doubt.
• Report any misleading or guaranteed return claims to SEBI.

Don'ts:

• Do not hand over funds for investment to the Research Analyst.
• Do not fall for promises of assured profits or limited-time offers.
• Do not share your trading or banking login credentials.

The particulars given in this Disclosure Document have been prepared in accordance with SEBI (Research Analysts) Regulations, 2014. The purpose of this document is to provide essential information about the Research and Recommendation services to help clients make informed decisions before engaging in such services. For the purpose of this Disclosure Document, the "Research Analyst" refers to Bhupendra Kumar Kushwaha.

History, Present Business and Background

• Research Analyst is registered with SEBI with Registration No. INH000022604. The Analyst got its registration on 07th August, 2025 and is engaged in research and recommendation Services.
• The focus of Research Analyst is to provide research and recommendations services to the clients. Analyst aligns its interests with those of the client and seeks to provide well researched services.

Terms and Conditions of Research and Recommendation Services

Terms and conditions of Research and Recommendation Services are detailed in the terms and condition document. Please refer to the same for details.

Disciplinary History

There are no pending litigations, legal proceedings, regulatory actions, or disciplinary events reported against the Research Analyst, its associates, or relatives.

Details of Associates

There are no associates linked with the Research Analyst.

Disclosures with respect to Research and Recommendations Services

• The Research Analyst or relatives may hold financial interest or beneficial ownership of one percent or more in securities recommended. Any such details shall be disclosed during the time of recommendation.
• There are no conflicts of interest that may compromise independence or objectivity in research activities. Should any arise, they will be promptly disclosed.
• The Research Analyst or relatives have no material association with any issuer of securities recommended.
• No compensation is received from any company for providing research recommendations.
• The Research Analyst has not managed or co-managed any public offerings in the last 12 months.
• No compensation has been received for investment banking or brokerage services from the subject company in the last 12 months.
• The subject company is not a client of the Research Analyst or associates.
• The Research Analyst does not serve as an officer, director, or employee of the subject company.
• The Research Analyst does not engage in market-making activities for the subject company.

Monthly Complaint Status

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