Most Important Terms and Conditions (MITC)
1. These terms and conditions, and consent thereon are for the research services
provided by the Sumit Khare and Sumit Khare cannot execute/carry out any trade
(purchase/sell transaction) on behalf of, the client. Thus, the clients are advised not to
permit Sumit Khare to execute any trade on their behalf.
2. The fee charged by Sumit Khare 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 Sumit Khare.
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. Fees to Sumit Khare 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).
4. 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 Sumit Khare shall be as per the client’s own judgement and
assessment of the conclusions contained in the research report.
5. The Sumit Khare 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 Sumit Khare 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 Sumit Khare.
7. The Sumit Khare cannot guarantee returns, profits, accuracy, or risk-free
investments from the use of the Sumit Khare”s research services. All opinions,
projections, estimates of the Sumit Khare are based on the analysis of available data
under certain assumptions as of the date of preparation/publication of research
report.
8. Sumit Khare may charge fees in advance if agreed by the client. Such advance shall
not exceed the period stipulated by SEBI; presently it is one yearly. In case of pre-
mature termination of the Sumit Khare services by either the client or the Sumit Khare,
the client shall be entitled to seek refund of proportionate fees only for unexpired
period.
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 Sumit Khare using the
details on its website: (Details of 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 Sumit Khare at all times.
12. The Sumit Khare 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.