CLIENT CONSENT AND TERMS & CONDITIONS

1. Availing the Research Services

By accepting delivery of the research service, the client confirms that he/she has elected to subscribe to the research service of the RA at his/her sole discretion. RA confirms that research services shall be rendered in accordance with the applicable provisions of the RA Regulations.

2. Obligation on Research Analyst

RA and client shall be bound by SEBI Act and all the applicable rules and regulations of SEBI, including the RA Regulations and relevant notifications of Government, as may be in force, from time to time.

3. Client Information and KYC

4. Client/User Consent Declaration to Commence Research Analyst Services

5. Consent & Authorization – Client Declaration

6. Consideration and mode of payment

The client shall duly pay to RA, the agreed fees for the services that RA renders to the client and statutory charges, as applicable. Such fees and statutory charges shall be payable through the specified manner and modes communicated by the Research Analyst (including but not limited to payment gateways or processors like Cashfree, Razorpay, UPI, NEFT, IMPS, Centralised Fee Collection Mechanism for RA, Cheque, etc.). We may collect 12 months advance payment based on mutual agreement.

7. Risk Factors

Investments in securities markets are inherently risky and subject to market dynamics. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to clients. Mr. Krishna Kumar Pathak (SEBI Reg. No. INH300009914) shall not be responsible for any profit or loss incurred by the client. In the event of any financial loss, no compensation, reimbursement, or additional amount shall be payable under any circumstances.

8. Conflict of Interest

The Research Analyst adheres to SEBI's guidelines on the disclosure and mitigation of actual or potential conflicts of interest. Full disclosures are provided in each research recommendation and research report.

9. Termination of service and refund of fees

10. Grievance redressal and dispute resolution

11. Use of Research Reports

All research reports and related information are confidential and intended solely for the subscriber. Unauthorized distribution, reproduction, or use of these materials is strictly prohibited. Clients must independently assess all recommendations, and the Research Analyst assumes no responsibility for any losses incurred.

12. Client Responsibilities

Clients shall be requested to go through Do's and Don'ts while dealing with RA as specified in SEBI master circular no. SEBI/HO/MIRSD-POD-1/P/CIR/2024/49 dated May 21, 2024 or as may be specified by SEBI from time to time.

13. MOST IMPORTANT TERMS AND CONDITIONS (MITC) AS PER ANNEXURE- A

[Forming part of the Terms and Conditions for providing research services]

1. 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.
2. 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:

   • The current fee limit is Rs 1,51,000/- per annum per family of client for all research services of the RA.
   • The fee limit does not include statutory charges.
   • The fee limits do not apply to a non-individual client / accredited investor.
3. 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 a refund of proportionate fees only for the unexpired period.
4. 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 a Centralized Fee Collection Mechanism (CeFCoM) managed by BSE Limited (i.e. currently recognized RAASB).
5. The RA is required to abide by the applicable regulations/ circulars/ directions specified by SEBI and RAASB from time to time in relation to the disclosure and mitigation of any actual or potential conflict of interest. The RA will endeavour to promptly inform the client of any conflict of interest that may affect the services being rendered to the client.
6. Any assured/guaranteed/fixed returns schemes or any other schemes of a similar nature are prohibited by law. No scheme of this nature shall be offered to the client by the RA.
7. The RA cannot guarantee returns, profits, accuracy, or risk-free investments from the use of the RA's research services. All opinions, projections, and estimates of the RA are based on the analysis of available data under certain assumptions as of the date of preparation/ publication of the research report, rational report or recommendation report.
8. Any investment made based on recommendations in research reports, rational reports or recommendation 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, Rational Report or Recommendation Report provided by the RA shall be as per the client's own judgement and assessment of the conclusions contained in the research report.
9. The SEBI registration, Enlistment with RAASB, and NISM certification do not guarantee the performance of the RA or assure any returns to the client.
10. For any grievances,
    • Step 1: the client should first contact the RA using the details on its website or the following contact details: wealthfino@gmail.com (+91 98834 55700). If unresolved, grievances must be escalated to the designated grievance officer. All grievances will be addressed within 7 (seven) business days or as per latest SEBI RA Regulations. For grievances and dispute resolution, please contact- Krishna Kumar Pathak: Skrishna.sk4@gmail.com (+91 98834 55700).
    • Step 2: If the resolution is unsatisfactory, the client can also lodge grievances through SEBI's SCORES platform at scores.sebi.gov.in.
    • Step 3: The client may also consider the Online Dispute Resolution (ODR) through the Smart ODR portal at https://smartodr.in.
11. Clients are required to keep contact details, including email id and mobile number/s updated with the RA at all times.
12. 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.

14. Other Terms & Conditions

1. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
2. Registration granted by SEBI, membership of a SEBI-recognized supervisory body (if any) and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
3. The securities quoted (if any) are for illustration only and are not recommendatory. The returns displayed (if any) are for informational purposes only and should not be considered advertisements or promotions influencing your subscription decisions.
4. Recommendations provided may not always result in profits. Investing in equity and related instruments involves uncertainties, including company-specific and market-related risks. We do not assure guaranteed returns as the value of assets may fluctuate based on market forces like de-listing of securities or market closures etc.
5. Past performance does not ensure future performance. Not withstanding all the efforts to do the best research, clients should understand that investing in equities involves a risk of loss of both income and principal. Please ensure that you fully understand the risks involved in investing in equities.
6. The Client acknowledges and agrees that communications related to services provided by Mr. Krishna Kumar Pathak (SEBI Registered Research Analyst, Registration No. INH300009914) may be transmitted through various electronic channels including, but not limited to, websites, mobile applications, email, SMS, WhatsApp, or other third-party messaging platforms.

   While all reasonable care is taken to ensure the timely and secure transmission of such communications, the Client understands that electronic communication is inherently subject to risks.

   Accordingly, Mr. Krishna Kumar Pathak shall not be held liable under any circumstances for:

   1. Non-receipt, delay, loss, or corruption of any information or data shared electronically
   2. Any losses, direct or indirect, arising out of such communication failures or delays
   3. Errors caused by third-party service providers used for transmission of messages, alerts, or updates
7. I, the Client/User, hereby declare that the information provided by me, including my PAN, date of birth, address, mobile number, and email ID, is true and correct to the best of my knowledge. By submitting this information, I acknowledge and consent to the terms and conditions set by Mr. Krishna Kumar Pathak (SEBI Registered Research Analyst – INH300009914) and authorize the use of my data for verification and regulatory compliance as per applicable laws.
8. This communication is issued through the official mobile application and/or authorized communication channels of WealthFino, the brand name of Mr. Krishna Kumar Pathak, a SEBI Registered Research Analyst (Registration No. INH300009914).
9. The views, opinions, and investment recommendations provided herein are solely based on my independent research, technical and/or fundamental analysis, and best professional judgment. These views are intended for informational purposes only and shall not be construed as investment advice or a guarantee of any returns.

   I, Krishna Kumar Pathak, expressly disclaim any liability for any direct, indirect, incidental, or consequential loss or damage incurred by any person acting on such information. Investors are solely responsible for their investment decisions and are advised to consult a SEBI-registered investment adviser before acting upon any such recommendation.

10. Risk Disclosure on Derivatives (Futures & Options)

    As per SEBI's study titled "Analysis of Profit and Loss of Individual Traders Dealing in Equity F&O Segment" (Dated 25 January 2023):

    • 9 out of 10 individual traders in equity F&O segment incur net losses
    • Average net trading loss is close to ₹50,000
    • Loss-makers pay an additional 28% as transaction cost
    • Profit-makers incur 15%–50% of their profits in transaction costs

    Derivatives trading carries high risk and is not suitable for all investors