Terms & Policies

CODE OF CONDUCT FOR RESEARCH ANALYST

Saras Jain Proprietor of Shri Badri Kerdareshwar Research and Investment is a SEBI Registered Research Analyst vide Registration Number INH000013086 dated October 05, 2023.
In accordance to Regulation 24 (2) of the SEBI (Research Analyst) Regulations, 2014, I shall maintain the following Code of Conduct:

1. Honesty and Good Faith
   I shall act honestly and in good faith.
2. Diligence
   I shall act with due skill, care and diligence and shall ensure that the research report is prepared after thorough analysis.
3. Conflict of Interest
   I shall effectively address conflict of interest which may affect the impartiality of research analysis and research report and shall make appropriate disclosures to address the same.
4. Insider Trading or front running
   I shall not engage in insider trading or front running of my own research report.
5. Confidentiality
   I shall maintain confidentiality of report till the report is made public.
6. Professional Standard
   I am engaged in research analysis and shall observe high professional standard while preparing research report.
7. Compliance
   I shall comply with all regulatory requirements applicable to the conduct of its business activities.
8. Responsibility of senior management
   I shall bear primary responsibility of senior management for ensuring the maintenance of appropriate standards of conduct and adherence to proper procedures.

SBKR&I is a SEBI registered Research Analyst Registration No. INH000013086) under SEBI (Research Analysts) Regulations, 2014

1. SBKR&I in is a website owned by Saras Jain
2. SBKR&I is providing research based recommendations on various investment opportunities in Indian equity and derivative market for swing to long term in equity and swing calls in derivatives.
3. We have neither been suspended or deterred from doing business by SEBI or any other authorities, nor has our certificate of registration been cancelled by SEBI at any point of time
4. We have not affiliated with any Intermediaries for execution or distribution services Hence, we do not receive any consideration for execution er detribution services.
5. Please find the disclosure with regards to ownership, material conflicts of interest and receipt of compensation on the individual recommendation reports.
6.  The recommendations are not to be construed is an offer to buy/sell or the solicitation of an offer to buy / sell any security in any jurisdiction where such offer or station would be illegal.
7. SBKR&I no representation, warranty or guarantee as to the accuracy, completeness or timeliness of the information (including news, prices, statistics, analysis and the like) provided through its website. In no event shall SBKR&I or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein. Access to the information provided on this website is not intended and shall not be treated as an offer to sell or the solicitation of an offer to buy any security nor shall it be construed as creating any privities of contract between SBKR&I and any person availing of, or acting upon, any information available on this website. The work of authorship contained in this website, including but not limited to design, text, and images are proprietary and the same shall not be copied, reproduced, transmitted, displayed, distributed, altered or otherwise used in whole or in part in any manner. While all efforts have been taken to make this website as authentic as possible, SBKR&I / its employees / authorized representatives will not be responsible for any liability in respect of any person/entity directly or indirectly suffering any consequential losses, damages or claims of whatsoever nature as a result of any short-coming, defect or inaccuracy inadvertently crept in this website or otherwise using the information available on this website in any manner. Despite all possible security measures that SBKR&I takes to keep this website free from hacking and other interference, this website like any other site is not free from such risks, SBKR&I disclaims all liability on account of any loss or damage that any user may suffer or incur on account of any alteration or manipulation of any data or information accessed or downloaded from this website.
8. The content and data available on SBKR&I, including but not limited to recommendations, advisory services, past performance, stock ratings and research rationale are for information and illustration purposes only. The performance numbers are calculated via a standard methodology and do not include the impact of transaction fee and other related costs. Data used for calculation of historical returns and other information is provided by exchange approved third party data vendors and has neither been audited nor validated by SBKR&I.
9. All information / research tools present on SBKR&I are to help investors in their decision-making process and shall not be considered as a recommendation or solicitation of an investment or investment strategy. Investors are responsible for their investment decisions and are responsible to validate all the information used to make the investment decision. Investors should understand that his/her investment decision is based on personal investment needs and risk tolerance, and performance information available on SBKR&I is one among many other things that should be considered while making an investment decision. Past performance does not guarantee future returns and performance of SBKR&I advisory services are subject to market risk Investments in the securities market are subject to market risks and investors should read all the related documents such as research reports, financials etc. carefully before investing. Derivatives are sophisticated investment products. The investor is requested to take into consideration all the risk factors before actually trading in derivative contracts.
10. SBKR&I does not provide any promise or assurance of favorable view for a particular industry or sector or business group in any manner. The investor is requested to take into consideration all the risk factors including their financial condition and suitability to risk return profile before investing.
11. The analysts / representatives for various advisory recommendations certify that all of the information / material therein accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to company(ies) recommending in various advisory services. No part of this material may be duplicated in any form and/or redistributed without the prior written consent of the company.
12. Any surfing and reading of the information are the acceptance of this disclosure and disclaimer report. All Rights Reserved.
13. Investment In Securities Market Are Subject To Market Risks. Read All The Related Documents Carefully Before Investing/Taking Decision.
14. Registration Granted By SEBI & Certification From NISM In No Way Guarantee Performance Of The Intermediary Or Provide Any Assurance Of Returns To Investors.

Most Important Terms and Conditions (MITC)

Annexure A

Most Important Terms and Conditions (MITC) [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:
   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.
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 refund of proportionate fees only for 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 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 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.
6. 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
7. 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.
8. 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.
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 following contact details: (RA to provide details as per ‘Grievance Redressal / Escalation Matrix’)
    Step 2: If the resolution is unsatisfactory, the client can also lodge grievances through SEBI’S SCORES platform at www.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.

For us, at SBKR&I, your privacy is placed on the highest pedestal and its protection is given the utmost level of importance.

We are committed to protecting your privacy and data in keeping with the Information Technology Act 2000 (the “Act”) and the Information Technology (Reasonable security practices and procedures and sensitive personal data or information) Rules, 2011 (“Rules”) framed and issued by the Government of India pursuant to the provisions of the Act. We are also committed to responsible and justified usage of your personal information, only to the extent for the provision of our services. This user-friendly document is meant to help you understand our common practices with regard to the personal information we collect from our users on our website, located at www.SBKRI.com (“website”) related to online services and for other purposes that are permitted or required by law. Please read this Privacy Policy before using the Website or submitting any sensitive personal information or data.

All the stock recommendations prior to the month of may 2021 have been for educational purposes only.

The Act and the Rules impose restrictions on how we may collect, receive, possess, store, deal, or handle information of a provider of information.

We shall protect the personal details received from you with the same degree of care, but no less than a reasonable degree of care, to prevent the unauthorized use, dissemination, or publication of this information as we protect our own confidential information of a like nature.

We shall use the personal information to improve our service to you and to keep you updated about our new product or information that may be of interest to you. The information collected from you would be used in the right spirit and context in which it is intended to be used. Your information would be used by us to process your trading request and to carry out the settlements of your obligations.

We would ensure that we collect personal information only to the extent it is necessary to administer our services in the best possible manner and what is required under the various regulations of Indian Laws. To ensure high quality services and high degree of value addition to you, we may combine the information given by you on the web or through other channels.

Under certain circumstances we may be required to share the information given by you with the third parties, where we feel they can contribute to add value and improve the quality of services imparted by us to you. We shall take all reasonable steps to ensure that the confidentiality of your information is maintained by imposing strict confidentiality standards on all the third parties with whom we part these information. In all circumstances we shall ensure that your personal information is protected by strict confidentiality agreement. We shall not allow any third parties to retain your personal information longer than what is warranted by the nature of services rendered. We would also impart your personal information wherever it is required to be disclosed under law to any of the governmental agency or regulatory bodies.

We ensure that the personal information given to us by you on the web is placed in the secured portion of our web-site. We use the most advanced encryption technology, Secure Socket Layer (SSL), to ensure that the information transmitted between you and us across the Internet is safe and cannot be accessed by any outsider. SSL has been universally accepted on the World Wide Web for authenticated and encrypted communication between clients and servers.

To ensure security of access to the personal information and transaction details, the access to the secured zone of our website is restricted by the unique login ID and Password selected by you. You should be very careful in handling the ID and password and you should ensure that you do not reveal it to anybody, nor do you keep it in writing. You should keep changing your password periodically to ensure safety of your trading access. You should ensure that each time you leave your terminal you log yourself out. This prevents someone else from accessing your account if you leave your computer and your session has not “timed out”

SBKR&I makes no guarantees or representations as to, and shall have no liability for, any electronic content delivered by any third party, including, without limitation, the accuracy, subject matter, quality or timeliness of any electronic content on the Website. SBKR&I shall not be responsible for the contents of any linked site or any link contained in a linked site, or any changes or updates to such sites. The links being provided to the Customer are only for convenience, and the inclusion of any link does not imply endorsement by SBKR&I of the site, or its content or the sponsoring organization. By providing access to other websites, SBKR&I is not recommending the purchase or sale of the securities issued by it nor is it an endorsement of services provided by its sponsoring organization.

To enable us serve you better, it is necessary that your personal information available with us is updated and accurate. Our web-site enables you to update your personal information. You can also send us an e-mail at Customer Service and we shall ensure that your information is updated and protected from any misuse or unauthorized revelation.

Change in Privacy Policy –

This Privacy Policy is subject to change from time to time. We reserve the right, at our sole discretion, to modify the terms of this Privacy Policy from time to time in order to ensure compliance with applicable laws (“Updated Terms”). The Updated Terms shall be effective immediately and shall supersede the terms of this Privacy Policy. We will notify you of any changes to this privacy policy if the changes made to the policy significantly affect your rights or as may be required by law. You shall be solely responsible for reviewing the Privacy Policy from time to time for any modifications. By continuing to use the Website after the updated Terms have been published, you affirm your agreement to the Updated Terms.

No Refund/Cancellation/ Policy for Subscriptions.

1. Sharing of our idea in other Telegram/WhatsApp groups/social media channels is not permitted.
2. We reserve the right to cancel your subscription if we find out that you are sharing the login details or the stock ideas on any social media platforms.
3. By registering for our plan, you acknowledge that stock returns are never guaranteed as most of it depends on the stock market behavior.
4. Regardless of whether you execute the investment, once paid, the registration fee becomes non-refundable.
5. For any other queries please email us at sarasbadrikedar@gmail.com