Parties to these Terms and Conditions:
i. Research Analyst: Market Maven a SEBI Registered Research Analyst,
holding Registration No. INH000018683 , with its
registered office located at 144, 2nd Floor shankar narayanTower, Sarjapura- Marathahalli Road, HSR Layout Sector 5 Jakasandra, Bengaluru, 560102. hereinafter referred to as the "Research Analyst" or
"RA";
ii. Client: The individual or entity subscribing to or availing research
services provided by the Research Analyst, hereinafter referred to as
the "Client."
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Availing The Services:
The Client hereby accepts the research services and confirms to avail
the research services on its own discretion provided by the Research
Analyst ("RA"), and the Research Analyst agrees to
provide such services in accordance with the terms and conditions
set forth underneath.
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Obligations on RA and Client:
The client and the Research Analyst shall be bound by all applicable
regulations, rules, circulars, and amendments issued by SEBI,
including the SEBI (Research Analysts) Regulations, 2014 and all the
other notifications of the Government, if any from time to time.
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Client Information and KYC:
The client is bound, upon acceptance of services, to submit all
requisite documents as requested by the research analyst and help
the RA to complete the KYC process.
"The client hereby gives consent to the research analyst to fetch his
KYC documents from the KYC Registration Agency (KRA)."
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Standard Terms of Service:
The Client acknowledges and gives his consent to be bound by the
terms set forth herewith, as well as any applicable amendments or
updates provided by the Research Analyst.
The client hereby agrees:
- I have read and understood the terms and conditions applicable
to a research analyst as defined under regulation 2(1)(u) of the
SEBI (Research Analyst) Regulations, 2014, including the fee
structure.
- I am subscribing to the research services for my own benefit and
consumption, and any reliance placed on the research report
provided by the Research Analyst shall be based on my own
judgment and assessment of the conclusions contained in the
research report.
I understand that:
- Any investment made based on the recommendations in the research
report is subject to market risk.
- Recommendations in the research report do not provide any
assurance of returns.
- There is no recourse to claim any losses incurred on investments
made based on the recommendations in the research report.
Declaration by Research Analyst:
The Research Analyst further declares that,
- It is duly registered with SEBI as an RA having Registration
No.: INH000018683, Date of Registration: 21st
October, 2024.
- It has registration and qualifications required to render the
services contemplated under the RA Regulations, and the same are
valid and subsisting.
- The services provided by the RA do not conflict with or violate
any provision of law, rule, regulation, contract, or other
instrument to which it is a party or to which any of its
property is or may be subject.
- The maximum fee that may be charged by the RA is ₹1.51 lakhs per
annum per family of clients.
- The recommendations provided by the RA do not provide any
assurance of returns.
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Consideration And Mode of Payment:
- The client shall duly pay the fees to the RA of the invoice
raised or for any agreed amount either written/oral within 2
days.
- The Client agrees to make all payments via:
UPI/Netbanking/Payment Gateway or any other verified banking
channel. Client shall not pay any fees in cash.
- The Client hereby agrees to pay the fees in the Bank account of
Research Analyst only. The RA shall not be liable for any
payment made to third party account.
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Risk Factors:
The Client understands that the services provided by the Research
Analyst involve inherent risks, and the Client agrees to bear full
responsibility for any financial or other consequences arising from
the use of these services.
Investment in the market is subject to market risk, and is also
subject to the following:
- Trading in equities, derivatives, and other securities are
subject to market risks and there is no assurance or guarantee
of returns.
- Past performance does not indicate future performance.
- Research recommendations may not always be profitable, as actual
market movements may differ from anticipated trends.
- The Research Analyst is not responsible or liable for any losses
resulting from research recommendations.
- Investment in securities market are subject to market risks.
Read all the related documents carefully before investing.
- Registration granted by SEBI, Enlistment as RA with exchange,
and certification from NISM do not guarantees the performance of
the intermediary or provide any assurance of returns to
investors.
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Conflict of Interest:
The RA shall adhere to the applicable
regulations/circulars/directions specified by SEBI from time to time
in relation to disclosure and mitigation of any actual or potential
conflict of interest. Some of disclosures are as follows:
- The Research Analyst or any of its officer/employee does not
trade in securities which are subject matter of recommendation.
- 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.
- Research Analyst or its employee or its associates have not
received any compensation from the company which is subject
matter of recommendation.
Client is advised to refer the detailed disclosure provided on our
website.
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Termination of Service and Refund of Fees:
The Agreement may be terminated by the client, if the Research
Analyst fails to provide the research recommendations. However, the
client cannot terminate the agreement solely based on not achieving
the desired returns or incurring the losses from trading on the
recommendations or the client discontinues the services without a
valid reason, or in case of force majeure.
The RA may suspend or terminate rendering of research services to
client on account of suspension/cancellation of registration of RA
by SEBI and shall refund the residual amount to the client.
In case of suspension of certificate of registration of the RA for
more than 60 (sixty) days or cancellation of the RA registration, RA
shall refund the fees, on a pro rata basis for the period from the
effective date of cancellation/ suspension to end of the
subscription period.
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Grievance Redressal:
In the event of grievances related to non-receipt of the research
report, missing content, or deficiencies in services, the Client may
raise a grievance. The Research Analyst will ensure Redressal within
7 days of such complaint.
The client is required to follow the following procedure for any
grievance:
- Step 1: The client should first contact the RA
at the contact details mentioned below:
Contact No.: +91-9844886693
Mail ID: Support@themavenstocks.com
DISCLAIMER: The client is strictly required to
follow the procedure as mentioned above, otherwise the RA shall
not be liable delay in resolution of the grievance.
NOTE: Clients are advised to read the Do's
and Don'ts for dealing with the Research Analyst, as mentioned
in SEBI Master Circular No. SEBI/HO/MIRSD-POD-1/P/CIR/2024/49
dated May 21, 2024, or any updates provided by SEBI in the
future.
The clients are requested to go through
all the Disclaimers, Disclosures, Refund Policy and information
as mentioned on its website.
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Most Important Terms and Conditions:
- These terms and conditions, and consent thereon are for the
research services provided by the Research Analyst (RA) and RA
cannot execute/carry out any trade (purchase/sell transaction)
on behalf of, the client. Thus, the clients are advised not to
permit RA to execute any trade on their behalf.
- The fee charged by RA to the client will be subject to the
maximum of amount prescribed by SEBI/ Research Analyst
Administration and Supervisory Body (RAASB) from time to time
(applicable only for Individual and HUF Clients).
Note:
2.1. The current fee limit is Rs 1,51,000/- per annum per family of
client for all research services of the RA.
2.2. The fee limit does not include statutory charges.
2.3. The fee limits do not apply to a non-individual client /
accredited investor.
- RA may charge fees in advance if agreed by the client. Such
advance shall not exceed the period stipulated by SEBI;
presently it is one quarter. In case of pre-mature termination
of the RA services by either the client or the RA, the client
shall be entitled to seek refund of proportionate fees only for
unexpired period.
- Fees to RA may be paid by the client through any of the
specified modes like cheque, online bank transfer, UPI, etc.
Cash payment is not allowed. Optionally the client can make
payments through Centralized Fee Collection Mechanism (CeFCoM)
managed by BSE Limited (i.e. currently recognized RAASB).
- The RA is required to abide by the applicable regulations/
circulars/ directions specified by SEBI and RAASB from time to
time in relation to disclosure and mitigation of any actual or
potential conflict of interest. The RA will endeavor to promptly
inform the client of any conflict of interest that may affect
the services being rendered to the client.
- Any assured/guaranteed/fixed returns schemes or any other
schemes of similar nature are prohibited by law. No scheme of
this nature shall be offered to the client by the RA.
- The RA cannot guarantee returns, profits, accuracy, or risk-free
investments from the use of the RA's research services. All
opinions, projections, estimates of the RA are based on the
analysis of available data under certain assumptions as of the
date of preparation/publication of research report.
- Any investment made based on recommendations in research reports
are subject to market risks, and recommendations do not provide
any assurance of returns. There is no recourse to claim any
losses incurred on the investments made based on the
recommendations in the research report. Any reliance placed on
the research report provided by the RA shall be as per the
client's own judgement and assessment of the conclusions
contained in the research report.
- The SEBI registration, Enlistment as RA with exchange, and NISM
certification do not guarantee the performance of the RA or
assure any returns to the client.
- For any grievances,
Step 1: The client should first contact the RA at the contact details
mentioned below:
Contact No.: +91-9844886693
Mail ID: Support@themavenstocks.com
Step 2: In case, if the client is unsatisfied with Level 1 Response,
he can lodge a complaint with the Sales Head through
Mail ID: Help@themavenstocks.com .
Step 3: In case, if the client is unsatisfied with Level 2
Response,You may write an email to the Branch Head at
Mail ID: contact@themavenstocks.com .
Step 4: In case, if the client is unsatisfied, he can lodge a
complaint with the SEBI through SEBI's SCORES platform at
www.scores.sebi.gov.in.
Step 5: The client can also consider to seek resolution through the
Online Dispute Resolution (ODR) mechanism through SMART ODR Portal:
https://smartodr.in.
- Clients are required to keep contact details, including email id
and mobile number/s updated with the RA at all times.
- The RA shall never ask for the client's login credentials and
OTPs for the client's Trading Account Demat Account and Bank
Account. Never share such information with anyone including RA.
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Optional Centralised Fee Collection Mechanism:
There is an optional 'Centralized Fee Collection Mechanism for
Investment Advisors and Research Analysts' (CeFCoM) for fee
payments. The Research Analyst has presently not opted for the same
and once the Research Analyst gets registered for it, then
thereafter said mechanism will be available for the client.
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Confidentiality:
Client shall not share any confidential information with third party
without prior consent from the RA which has come to its knowledge.
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Dispute:
No suit, prosecution or other legal proceeding shall lie against the
Research Analyst for any damage caused or likely to be caused by
anything which is done in good faith or intended to be done under
the provisions of the Securities and Exchange Board of India
(Research Analyst) Regulations, 2014.
Any Disputes between the parties shall be resolved through
arbitration or other methods mutually agreed upon, in accordance
with applicable legal and regulatory guidelines.
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Severability:
If any provision of this Terms and Conditions is found to be invalid,
illegal, or unenforceable, the remaining provisions will remain in
full effect, provided the essential purpose of the Terms and
Conditions is not undermined.
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Force majeure:
Neither party shall be held liable for failure or delay in
performance under this Terms and Conditions due to circumstances
beyond their reasonable control, including but not limited to
natural disasters, government actions, or other unforeseen events.
The client hereby agrees to abide with the terms and conditions of
the research services.