MoneyMetrics

MITC

MOST IMPORTANT TERMS AND CONDITIONS

MOST IMPORTANT TERMS AND CONDITIONS (MITC) for Research Analyst (RA)

✅ These terms and conditions apply to the research services provided by the Research Analyst (RA). RAs cannot execute or carry out any trade (buy/sell transaction) on behalf of clients. Clients are strictly advised not to allow the RA to execute trades on their behalf.

💰 The fees charged by the RA shall be within the maximum limits prescribed by SEBI and the Research Analyst Administration and Supervisory Body (RAASB), from time to time (applicable for Individual and HUF clients).

📅 Fees may be charged in advance if mutually agreed upon. However, such advance shall not exceed the period allowed by SEBI (currently one quarter). If either the client or RA terminates the service early, the client is entitled to a pro-rata refund of fees for the remaining period.

💳 Payments to the RA must be made only through permitted modes — such as cheque, online transfer, or UPI. Cash payments are not permitted. Optionally, clients may use the Centralized Fee Collection Mechanism (CeFCoM) managed by BSE Limited (recognized RAASB) for secure payments.

⚖️ The RA must comply with all SEBI/RAASB regulations regarding disclosure and mitigation of actual or potential conflicts of interest. The RA shall inform the client promptly if any such conflict arises that could affect the research service.

🚫 Assured or guaranteed return schemes are strictly prohibited. The RA shall not offer or promote any such products or schemes to clients.

📊 The RA cannot guarantee profits, accuracy, or risk-free investments based on research services. All research opinions and projections are based on available data and assumptions at the time of publication.

⚠️ Investments made based on the RA’s research are subject to market risks. The RA’s recommendations provide no assurance of returns, and the client has no recourse for losses incurred based on such research. Clients must use their own discretion and judgment before acting on any research report.

🔒 SEBI registration, RAASB enlistment, or NISM certification does not guarantee the RA’s performance or assure returns to clients.

For Any Grievances

📞 Step 1: Contact the RA directly using the official contact details on their website or via email.

📧 Step 2: If unsatisfied, you may lodge a grievance through SEBI’s SCORES platform.

🌐 Step 3: You can also initiate Online Dispute Resolution (ODR) through the Smart ODR Portal.

🔔 Clients must ensure that their email ID and mobile number are kept updated with the RA at all times.

🔒 The RA will never ask for your login credentials or OTPs for your Trading, Demat, or Bank Accounts. Never share these details with anyone — including your RA.

OPTIONAL — Centralized Fee Collection Mechanism (CeFCoM)

💡 Centralized Fee Collection Mechanism (CeFCoM) is a SEBI initiative to ensure that investor payments are securely directed to legitimate, SEBI-registered advisors.

It allows investors to track all payments made to registered RAs.
Investors can request a CeFCoM payment link from their RA and pay using authorized methods.

Protecting Yourself from Social Media Scams in the Securities Market

⚠️ The rise of social media has made it easier for fraudsters to mislead investors by pretending to be market experts or SEBI-registered professionals. Common scams include:

🔸 Unsolicited Invitations: Random messages or links to join WhatsApp or Telegram groups promising “free trading tips” or “VIP access.”
🔸 Fake Profiles: Fraudsters create fake social media accounts claiming to be financial experts.
🔸 Impersonation: Scammers pretend to be SEBI-registered intermediaries, public figures, or company executives.
🔸 Fake Testimonials: They share fabricated success stories to lure investors into transferring money for “sure-shot profits.”

🚫 Be cautious — never trust unsolicited investment offers or join unverified online groups.

Guidelines for Investors

✅ Deal only with SEBI-registered intermediaries and use official trading apps.
🌐 Verify registration at SEBI’s official website before making investments.
📱 Conduct transactions only through genuine SEBI-registered trading applications.
💬 Communicate only through verified, official contact details and social media handles.

🛡️ SEBI urges investors to remain vigilant against online scams and interact only with registered professionals.

Tips from a Research Analyst — How to Avoid Stock Market Scams via Social Media

1️⃣ Step One: Search for the Research Analyst’s name on SEBI’s official website.
2️⃣ Step Two: Obtain their official email address and contact number from SEBI’s directory.
3️⃣ Step Three: Communicate only through the verified email address listed there.
4️⃣ Step Four: If you receive a reply from the same official email, you can be confident it’s genuine.
5️⃣ Step Five: If the response comes from any other email, ignore it immediately — it’s likely an impersonation attempt or scam.