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SEBI Reg: INH000005263
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Investor Charter

Mandatory disclosure as per SEBI (Research Analysts) Regulations, 2014 — SEBI Registration No: INH000005263

A. Vision & Mission Statements

Our Vision
"Every investor should be able to invest in the right investment products based on their needs."
We envision a financial ecosystem where every individual investor has access to professional-grade, independent research that helps them make informed investment decisions aligned with their financial goals, risk appetite, and investment horizon.
Our Mission
"Invest with knowledge & safety."
Our mission is to empower investors with research-driven, unbiased, and transparent insights that enable them to navigate the Indian securities market with confidence.

We envision a financial ecosystem where every individual investor has access to professional-grade, independent research that helps them make informed investment decisions aligned with their financial goals, risk appetite, and investment horizon. Our vision is rooted in the belief that access to quality research should not be a privilege but a fundamental right for every market participant.

Our mission is to empower investors with research-driven, unbiased, and transparent insights that enable them to navigate the Indian securities market with confidence. We are committed to the highest standards of ethical conduct, regulatory compliance, and investor protection. Our goal is to bridge the gap between complex market analysis and actionable investment guidance, ensuring that every subscriber can make well-informed decisions.

We pledge to maintain complete independence in our research, avoid any conflicts of interest, and never assure or guarantee any returns. Our sole commitment is to the quality and integrity of our research.

B. Details of Business Transacted by Research Analyst

Kunal Bothra, as a SEBI Registered Research Analyst (INH000005263), transacts the following business activities in compliance with the SEBI (Research Analysts) Regulations, 2014:

1
Publish Research Reports: We publish detailed research reports on equities, indices, and derivatives based on thorough fundamental and technical analysis. These reports include entry levels, target prices, stop-losses, and the rationale behind each recommendation.
2
Provide Independent & Unbiased View: We provide an independent and unbiased view on securities and market trends. Our research is not influenced by any brokerage firm, financial institution, corporate entity, or any other third party. There is no linkage to any brokerage or trading platform.
3
Offer Unbiased Recommendations: Our research recommendations are based solely on our analysis of publicly available information, price action, technical indicators, and fundamental data. We do not accept any consideration or inducement from any entity to issue favorable or unfavorable research on any security.
4
Provide Research Recommendations Based on Analysis: All our research recommendations are the result of rigorous analysis using established methodologies in Technical Analysis and Fundamental Analysis. We clearly state the basis of each recommendation, including the data sources and analytical techniques used.
5
Conduct Audit Annually: We conduct an annual audit of our research activities, compliance procedures, and internal controls as mandated by SEBI regulations. This audit ensures that we continue to meet the regulatory standards and maintain the quality of our research operations.
6
Ensure Advertisements Adhere to Advertisement Code: All our advertisements, marketing materials, and promotional content strictly adhere to the Advertisement Code prescribed by SEBI. We do not make any misleading claims, promise guaranteed returns, or use deceptive marketing practices.
7
Maintain Records of Client Interactions: We maintain comprehensive records of all client interactions, including queries, complaints, feedback, and recommendations provided. These records are maintained as per the requirements of SEBI (Research Analysts) Regulations, 2014 and are available for inspection by SEBI or its authorized representatives.

C. Details of Services Provided to Clients

1. Onboarding Process

When a client subscribes to our research services, we follow a structured onboarding process that includes:

  • Collection and verification of client details as per KYC requirements
  • Risk profiling of the client to understand their risk appetite and investment objectives
  • Explanation of our services, fee structure, and terms and conditions
  • Providing the client with the Minimum Important Terms & Conditions (MITC) document
  • Obtaining explicit consent from the client before commencing services
  • Registration of the client on our platform and setting up communication channels (WhatsApp, Email)

2. KYC (Know Your Client)

As per SEBI regulations, we conduct KYC verification for all clients before providing research services. This includes verification of identity, address, and financial status. For detailed KYC requirements, please refer to our KYC Details page.

3. Disclosure to Clients

We make the following disclosures to our clients in a transparent and timely manner:

a) Material Information Disclosure

We disclose all material information that may affect the objectivity of our research or the client's investment decisions. This includes any disciplinary history, pending legal proceedings, and any material changes to our business operations or registration status.

b) Usage of Artificial Intelligence (AI) Tools

We may use AI-assisted tools and algorithms as part of our research process for data analysis, pattern recognition, and market scanning. However, all final research recommendations are reviewed, validated, and approved by Kunal Bothra personally. AI tools are used only as supplementary aids and do not replace human judgment. Clients are informed about the extent and nature of AI usage in our research process.

c) Conflict of Interest Disclosure

We disclose any actual or potential conflicts of interest that may affect the objectivity of our research. Currently, we certify that:

  • We do not have any proprietary trading positions in the securities we recommend
  • We are not associated with any brokerage firm or financial institution
  • We do not have any financial interest in the securities recommended, except for personal holdings which are disclosed separately
  • We do not engage in profit-sharing or performance-based fee arrangements
  • We do not receive any compensation from companies whose securities we cover

d) Third-Party Research

If our research recommendations reference or rely upon third-party research, data, or analysis, we clearly attribute such sources and disclose the extent of reliance on such third-party information. We do not present third-party research as our own and ensure proper attribution at all times.

e) Non-Discriminatory Distribution of Reports

All research reports and recommendations are distributed to our subscribers without any discrimination. Every subscriber within a particular service tier receives the same research recommendation at the same time. We do not provide preferential access or early distribution to any client.

f) Confidentiality of Client Information

We maintain strict confidentiality of all client information, including personal details, financial information, investment preferences, and communication records. Client data is stored securely and is not shared with any third party except as required by law or regulatory requirements. We have implemented appropriate technical and organizational measures to protect client data from unauthorized access, disclosure, or misuse.

D. Grievance Redressal Mechanism

We are committed to resolving all client grievances in a fair, transparent, and timely manner. Our grievance redressal mechanism is designed to provide multiple escalation channels for investor complaints.

Resolution Timeline: All grievances are acknowledged within 7 working days and resolved within 30 calendar days of receipt. If the complaint is not resolved to the client's satisfaction, the client may escalate to SEBI's SCORES portal or the Online Dispute Resolution (ODR) platform.

3-Step Escalation Process

1

Contact Kunal Bothra

Lodge your complaint directly with us. We will acknowledge within 7 working days and resolve within 21 working days.

contact@kunalbothra.co.in
2

SEBI SCORES

If not satisfied with our resolution, escalate to SEBI's SCORES portal for further action.

scores.sebi.gov.in
3

Smart ODR

For online dispute resolution, approach the Smart ODR platform for securities market disputes.

smartodr.in

For the complete grievance redressal process, escalation matrix, and contact details of our Compliance Officer and Principal Officer, please visit our Grievance Redressal page.

E. Rights of Investors

As an investor dealing with a SEBI Registered Research Analyst, you have the following rights:

1
Right to deal with a SEBI Registered Research Analyst: You have the right to verify that the Research Analyst you are dealing with is duly registered with SEBI. You can check the registration status on the SEBI website by searching for the registration number (INH000005263) or the name (Kunal Bothra).
2
Right to check registration credentials: You have the right to ask for and verify the SEBI registration certificate, NISM certification, and other credentials of the Research Analyst. A genuine Research Analyst will always provide these details willingly.
3
Right to pay through banking channels only: You have the right to make all payments through proper banking channels (NEFT, RTGS, IMPS, UPI, cheque, etc.) and receive a proper receipt for every payment. Never make cash payments to any Research Analyst.
4
Right to ask questions: You have the right to ask questions about the research recommendations, methodology, risk factors, and any other aspect of the service. A genuine Research Analyst will be transparent and forthcoming with answers.
5
Right to inform SEBI about guaranteed returns: If any Research Analyst offers or guarantees assured returns, you have the right (and responsibility) to inform SEBI about such practices. Guaranteed returns in the securities market are illegal and a clear violation of SEBI regulations.
6
Right to file complaints: You have the right to file complaints with SEBI through the SCORES portal (scores.sebi.gov.in) or through the Smart ODR platform (smartodr.in) if you are not satisfied with the resolution provided by the Research Analyst.
7
Right to receive research reports: You have the right to receive all research reports and recommendations as per the service terms you have subscribed to, without any discrimination or delay.
8
Right to confidentiality: You have the right to have your personal and financial information kept confidential and not shared with any third party without your consent, except as required by law.
9
Right to refund: You have the right to a refund as per the refund policy if you are not satisfied with the services, subject to the terms and conditions of the subscription.

F. Expectations from Investors (Do's & Don'ts)

As an investor, you are expected to follow certain guidelines to protect your interests and make the most of research services. Below is a brief summary. For the complete and detailed list, please visit our Do's & Don'ts page.

Do's

  • Always deal with a SEBI registered Research Analyst
  • Ensure the RA has a valid registration certificate
  • Check SEBI registration number on the SEBI website
  • Pay through banking channels only and insist on receipts
  • Read research reports carefully before acting on recommendations
  • Ask relevant questions and clear all doubts before investing
  • Inform SEBI about any RA offering assured/guaranteed returns
  • Understand the risk per trade and follow position sizing guidelines

Don'ts

  • Do not provide funds for investment to the Research Analyst
  • Do not fall prey to luring advertisements or market rumours
  • Do not get attracted to limited period discounts or incentives
  • Do not share login credentials of your trading/demat accounts
  • Do not expect guaranteed or assured returns from any investment
  • Do not trade without understanding the associated risks
  • Do not invest based on tips from unregistered advisors

For the complete and detailed Do's & Don'ts with explanations, please visit our Do's & Don'ts page.

G. Complaint Data

As required under SEBI (Research Analysts) Regulations, 2014, we publish our complaint data on a monthly basis. This data is updated at the beginning of each month for the previous month.

Complaint Data Summary

Updated: Feb 2025
Received From Pending at Beginning of Month Received During Month Resolved During Month Pending at End of Month Pending > 3 Months Avg. Resolution Time
SEBI (SCORES) 0 0 0 0 0 N/A
Exchange 0 0 0 0 0 N/A
Direct / Other 0 0 0 0 0 N/A
Grand Total 0 0 0 0 0 N/A

Trend of Monthly Complaints

Monthly Trend

Last 6 Months
Month Carried Forward Received Resolved Pending
January 2025 0 0 0 0
December 2024 0 0 0 0
November 2024 0 0 0 0
October 2024 0 0 0 0
September 2024 0 0 0 0
August 2024 0 0 0 0

Zero Complaints Record: We are proud to maintain a zero-complaint record across all channels. We remain committed to providing the highest quality of research services and ensuring complete client satisfaction.

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