User Consent

‘User Consent’ hereby shall mean the terms and conditions set out by niiveshneeti in line with applicable rules and regulations and that needs to be agreed upon or signed by or provide ‘Consent’ by the ‘User’ or the ‘Client’ to niiveshneeti before availing research services to be provided by niiveshneeti. By visiting/using/accessing our website (https://niiveshneeti.com/) and/or our official mobile application and by making payment for a subscription of any of our research services, you are agreeing to be bound by the following terms and conditions and all other terms and conditions, Legal Disclaimer, Disclosures, Policies and User Consent of niiveshneeti mentioned on our official website (https://niiveshneeti.com/). We may change these terms and conditions and all other terms and conditions, Legal Disclaimer, Disclosures, Policies, and User Consent, at any time based on our operational procedures and/or regulatory requirements and the same shall be disclosed/updated on our website (https://niiveshneeti.com/) and shall be informed to the client as required. Your continued use of our website and/or our mobile application and subscription to any of our research services means that you accept any new or modified terms and conditions and all other terms and conditions, Legal Disclaimer, Disclosures, Policies, and User Consent that we come up with. Please re-visit the `Terms and Conditions, ‘Legal Disclaimer’, ‘Disclosure’, ‘User Consent’, ‘Refund Policy’, and ‘Privacy Policy’ links on our website from time to time to stay abreast of any changes that we may introduce. The term niiveshneeti (https://niiveshneeti.com/) is used throughout this entire document to refer to the Research Analyst (RA), the website and/or our mobile application, its owners/proprietor, and the employees and associates of the owner and can also be referred to as ‘us’. The words ‘You’ or the ‘Client’ refer to the viewer/user/subscriber of niiveshneeti website/mobile application/research services.

1. Availing the research services

By accepting delivery of the research service, the client confirms that he/she has elected to subscribe the research service of the RA at his/her sole discretion. RA confirms that research services shall be rendered in accordance with the applicable provisions of the RA Regulations.

2. Obligations on RA

RA and client shall be bound by 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

The client shall furnish all such details in full as may be required by the RA in its standard form with supporting details, if required, as may be made mandatory by Research Analyst Administration and Supervisory Body (RAASB) /Securities and Exchange Board of India (SEBI) from time to time.
RA shall collect, store, upload and check KYC records of the clients with KYC Registration Agency (KRA) as specified by SEBI from time to time.

4. As a client, I provide my consent to commence the services after fully understanding the following

You, as the Client of niiveshneeti, agree to the following:

A) I / We have read and understood the terms and conditions applicable to a research analyst as defined under regulation 2(1)(u) of the SEBI (Research Analyst) Regulations, 2014, including the fee structure.

B) I/We are subscribing to the research services for our own benefits and consumption, and any reliance placed on the research report provided by the research analyst shall be as per our own judgment and assessment of the conclusions contained in the research report.

C) I/We understand that –
i. Any investment made based on the recommendations in the research report is subject to market risk.
ii. Recommendations in the research report do not provide any assurance of returns.
iii. There is no recourse to claim any losses incurred on the investments made based on the recommendations in the Research Report, Rational Report or Recommendation Report.

Declaration from Aditya Hujband (“Research Analyst”)

i. We are duly registered with SEBI as Research Analyst under Registration No. INH000011185 from 3rd Jan 2023; BSE Enlistment No. BSER5709 and compliant with the SEBI (Research Analyst) Regulations, 2014.

ii. Currently we have valid SEBI registration and have the required qualifications to render services contemplated under RA regulations.

iii. We have no material adverse disciplinary history or any conflicts of interest that compromise the integrity of its recommendations.

iv. The maximum fee charged by the Research Analyst shall not exceed ₹1.51 lakhs per annum per family of clients.

v. The recommendations provided by us do not provide any assurance of returns.

5. 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 fees and statutory charges shall be payable through the specified manner and mode(s)/ mechanism(s).

6. Risk factors

Investments in securities markets are inherently risky and subject to market dynamics. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to clients.

7. Conflict of interest

The RA shall adhere to the applicable regulations/ circulars/ directions specified by SEBI from time to time in relation to disclosure and mitigation of any actual or potential conflict of interest. Full disclosures are provided in each research report, our website and in this User Consent Document.

8. Termination of service and refund of fees

In case the certificate of registration of the Research Analyst is suspended for a period exceeding sixty (60) days or is cancelled, the Research Analyst shall refund the subscription fees to the client on a pro-rata basis for the period from the effective date of such suspension or cancellation to the end of the subscription period.

9. Grievance redressal and dispute resolution

For any support-related grievances, including issues related to non-receipt of reports or deficiencies in service, clients must email their concerns to mbainvestmentwala@gmail.com. If unresolved, grievances must be escalated to the designated grievance officer. All grievances will be addressed within 7 (seven) business days or as per latest SEBI RA Regulations.

• For grievances and dispute resolution, please contact:

Aditya Hujband: hujbandaditya@gmail.com

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

10. Additional clauses

All additional voluntary clauses added by the RA should not be in contravention with rules/ regulations/ circulars of SEBI. Any changes in such voluntary clauses/document(s) shall be preceded by a notice of 15 days.

11. Mandatory notice

Clients are requested to go through Do’s and Don’ts while dealing with RA as specified in SEBI master circular no. SEBI/HO/MIRSD-POD-1/P/CIR/2024/49 dated May 21, 2024, or as may be specified by SEBI from time to time.

12. Most Important Terms and Conditions (MITC)

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. 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. As the Client has understood and agreed upon the inherent risks associated in share market, pre-mature termination of services due to mere loss in share market is discouraged and the RA reserves the right to escalate such matter through grievance redressal mechanism, including but not limited to recovery of minimum cost incurred towards onboarding the client.
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). Instructions and guidance, for such clients who wish to use CeFCoM, will be provided at the time of subscription.
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 ‘Grievance Redressal/Escalation Matrix’ displayed thereon.
    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. Past performance does not ensure future performance. Notwithstanding all the effortsg to do the best research, clients should understand that trading in Futures and Options involves a risk of loss of both income and principal. Please ensure that you fully understand the risks involved in trading in Futures & Options.
13. There is a possibility of communication failures via electronic means such as E-mail/ WhatsApp/ Telegram messages etc., which may be beyond our control.
14. 13. Disclosure Regarding Use of Artificial Intelligence (AI) Tools in Research Services
15. In compliance with Regulation 19(vii) and Regulation 24(7) of the SEBI (Research Analyst) Regulations, we hereby declare that no Artificial Intelligence (AI) tools are currently used in the preparation, generation, or distribution of our research services. All research outputs and recommendations are derived through human analysis and traditional research methodologies. Should there be any change in this status, appropriate disclosure will be made in accordance with applicable regulatory requirements.
16. 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.

• Optional Centralised Fee Collection Mechanism: In line with SEBI guidelines, We offer an optional Centralised Fee Collection Mechanism (CeFCoM) for Clients who wish to use it. Instructions and guidance, for such clients, for usingCeFCoM will be provided at the time of subscription.

We request you to acknowledge and confirm all the terms and conditions mentioned above in this document by clicking on the “Yes I Agree” button below in this document. niiveshneeti will consider these details and your consent/ acceptance of all the above terms and conditions to be final and will be taken on an as-is basis for all our services and products to which you may subscribe with us. On receipt or non-receipt of your confirmation to the Terms and Conditions of the above document, the above consent/ confirmation will be considered true and will be used in all our active records.