Terms and Conditions for Research Services Provided by the Stockifi

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 Stockifi (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, the Client may contact the RA as per the escalation matrix at https://stockifi.in/grievance-redressal or contact Ms. Abhijit Chokshi at info@stockifi.in.

If unresolved, the Client may escalate the issue through SEBI SCORES at www.scores.sebi.gov.in or initiate dispute resolution via the Smart ODR portal.

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:

The RA cannot execute trades or offer assured, guaranteed, or fixed return schemes. Clients must not permit the RA to execute trades on their behalf.

11. Client's Responsibilities:

Client must keep their contact details updated with the RA. The RA will never ask for login credentials or OTPs. Clients must not share sensitive details with anyone.

12. Client's Consent:
  • He has read and understood the terms and fee structure under SEBI (Research Analyst) Regulations, 2014.
  • He is subscribing to the research services for his own use, relying on his own judgment.
  1. Investments are subject to market risk.
  2. No assurance of returns is provided.
  3. No recourse exists for losses incurred based on recommendations.
  4. He agrees to these terms and conditions.
13. RA's declaration:
  1. Research Entity: Stockifi
    SEBI Registration No.: INH000008376
    Registration Date & Validity: Jul 02, 2020 – Perpetual
    Brand Name: Stockifi - Abhijit Chokshi
    Registered Address: YESH KRUPA, Shimpoli, Chikuwadi, Borivali West, Mumbai-400092
    Support Telephone: +91 9321230520
    Support Email: info@stockifi.in
    Compliance & Grievance Officer: Mr. Kinnar Shah | Email: info@stockifi.in
  2. It holds valid SEBI registration to provide services under SEBI (Research Analyst) Regulations, 2014.
14. Validity of Consent:

The consent provided by the Client shall remain valid unless explicitly revoked in writing to the Compliance Officer.

Download a trial stock idea research report PDF

SEBI Registeration Details:

Registered Name: Stockifi - Abhijit Chokshi
Type of registration: Research Analyst.
Legal Name: Stockifi
SEBI Registration No. INH000008376

SEBI Office Details:

YESH KRUPA, Shimpoli, Chikuwadi, Borivali West, Mumbai-400092

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Disclaimer: Registration granted by SEBI, membership of a SEBI-recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Our past performance does not guarantee the future performance. Investment in equities is subject to market risks. Notwithstanding all the efforts to do best research, clients should understand that investing in equities involves a risk of loss of both income and principal. Please ensure that you understand fully the risks involved in investment in equities.

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