Terms & Conditions of RA

Last updated: April 16, 2025

Terms and Conditions for Research Services Provided by the Opulent Investment Adviser Private Limited

1. Availing the Research Services:

By accepting delivery of the research service, the client confirms that he has selected to subscribe to the research service, offered by Opulent Investment Adviser Private Limited (hereinafter referred to as “RA”), at his sole discretion. The research service shall be rendered in compliance with the applicable provisions of the SEBI (Research Analysts) Regulations, 2014 (hereinafter referred to as “RA Regulations”).

2. Obligations of the RA:

The RA and the Client shall be bound by the 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 Compliance:

The Client must provide all necessary details as required by the RA in the prescribed format, along with supporting documentation as mandated by RAASB/SEBI.

The Client shall adhere to KYC procedures specified by the authorities from time to time.

The RA will collect, store, and verify Client’s KYC records through the SEBI- specified KYC Registration Agency (KRA).

4. 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 fee shall be subject to the maximum prescribed by SEBI/ Research Analyst Administration and Supervisory Body (RAASB) from time to time, which is currently Rs 1,51,000/- per annum per family of Client (not applicable to non-individual Clients or accredited investors). The said fee limit does not include statutory charges. Fees may be paid through specified modes such as cheque, online bank transfer, UPI etc. Cash payments are not permitted. Additionally, Clients may opt to use the Centralized Fee Collection Mechanism (CeFCoM) managed by BSE Limited.

The RA may charge fees in advance upto a period of one year, as agreed by the client. In the event of early termination of RA services by either the Client or the RA, the Client shall be eligible to seek refund of the proportionate fees corresponding to the unexpired period.

5. Risk Factors:

The Client acknowledges that the Investments in securities are subject to market risks, including potential loss of principal. Read all the related documents carefully before investing. Registration granted by the SEBI, enlistment with RAASB, and NISM certification do not guarantee the performance of the RA or assure any returns to the Client. The Client understands that the past performance of a security or research recommendation is not indicative of future performance.

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.

6. Conflict of Interest:

The RA shall adhere to 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. Disclosures are provided in each research report, ensuring transparency. The RA will endeavor to promptly inform the Client of any conflict of interest that may affect the services being rendered to the Client.

7. Suspension and Termination:

In case of suspension of certificate of registration of the RA for more than 60 (sixty) days or cancellation of the RA registration, the 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.

8. Grievance Redressal and Dispute Resolution:

Any dispute between the RA and Client may be resolved through arbitration or through any other modes or mechanism as specified by SEBI from time to time.

In the event of any grievance arising out of or relating to these Terms or the Services (including, but not limited to, (i) non-receipt of research reports, (ii) missing pages, or (iii) inability to download the full report), the Client may first contact the RA using the details on its website as per the escalation matric provided on https://www.stockaxis.com/grievance-escalation-matrix or contact Ms. Ajita Udeshi at compliance@stockaxis.com. The RA is committed to resolving such grievances in a transparent and timely manner, within 7 business days from the date of receipt of the grievance, or such other time period as may be specified by SEBI from time to time.

If the grievance is not resolved to the satisfaction of the Client, the Client may escalate the issue through the SEBI SCORES platform at www.scores.sebi.gov.in, as per the guidelines and process laid out therein. Alternatively, the Client may initiate dispute resolution through the Online Dispute Resolution portal through the Smart ODR portal at https://smartodr.in, in accordance with applicable legal provisions.

9. Mandatory Notices:

The Client shall review the "Do’s and Don’ts" for dealing with RAs as outlined in SEBI’s master circular SEBI/HO/MIRSD-POD- 1/P/CIR/2024/49 dated May 21, 2024, or as amended.

10. Prohibition on Trade Execution and assured/guaranteed/fixed returns:

Terms and conditions contained in this document and consent thereon are for research services provided by the RA, the RA cannot execute or carry out any trade (purchase/ sell transaction) on behalf of the Client. Thus, Client is advised not to permit the RA to execute trades. Furthermore, the RA is strictly prohibited from offering assured, guaranteed, or fixed return schemes. No scheme of this nature shall be offered to the Client by the RA.

11. Client’s Responsibilities:

Client must keep their contact details, including email ID and mobile number, updated with the RA at all times. The RA shall never ask for Client’s login credentials and OTPs for their Trading, Demat, or Bank Accounts. Client must not share such sensitive information with anyone, including the RA.

12. Client’s Consent:

By consenting to these terms, he confirms that

  • He has read and understood the terms and conditions applicable to research analysts as defined under Regulation 2(1)(u) of the SEBI (Research Analyst) Regulations, 2014, including the fee structure.
  • He is subscribing to the research services for our own benefits and consumption, and any reliance placed on the research report provided by research analyst shall be as per his own judgement and assessment of the conclusions contained in the research report.

He further understands and agrees that:

  1. Any investment made based on the recommendations in the research report is subject to market risk.
  2. The recommendations in the research report do not provide any assurance of returns.
  3. There is no recourse to claim any losses incurred on the investments made based on the recommendations in the research report.
  4. 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.
  5. He has read, understood, and agreed to these terms and conditions.
13. RA’s declaration:

RA hereby declares that:

  1. It is duly registered with SEBI as a Research Analyst under the SEBI (Research Analyst) Regulations, 2014, with the following registration details:
    Research Entity: Opulent Investment Adviser Private Limited
    SEBI Registration No.: INH000007669
    Registration Date & Validity: Jul 02, 2020 – Perpetual
    Brand Name: stockaxis
    Registered Address: Office No.61, Maker Tower E, G D Somani Marg, Cuffe Parade, Mumbai-400005.
    CIN: U67190MH2014PTC256524
    Support Telephone: +91 9773015000
    Support Email: research@stockaxis.com
    Compliance & Grievance Officer: Ms. Ajita Udeshi | Email: compliance@stockaxis.com
  2. It has the required registration and qualifications to provide the services under the SEBI (Research Analyst) Regulations, 2014, and these are valid and subsisting.
  3. The research analyst services provided by the RA do not conflict with or violate any laws, rules, regulations, contracts, or other instruments to which RA is a party or to which any of its property is or may be subject.
14. Validity of Consent:

The consent provided by the Client to these terms and conditions shall remain valid and binding unless explicitly revoked by the Client through a written communication addressed to the Compliance Officer of the RA.