INTRODUCTION

Research Analyst (RA)

• Also referred to as “We,” “Our,” or “Us”.
• Registered with the Securities and Exchange Board of India (“SEBI”) under Registration No. INH000022349 and Name: The Money Method.

Client or User (“You”)

• The individual or entity subscribing to or availing research services.
• Must meet the eligibility requirements set forth herein and under Indian law.

1. PURPOSE

1.1. These Terms & Conditions (“T&C”) govern the Client’s, from time to time, use or subscription of Our research services (“Services”), including any Digital Platforms, or technology solutions that We or our service provider(s) provide.

 1.2. Compliance with SEBI Circular

• This document incorporates the minimum mandatory provisions contained in the SEBI circular SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2025/004 dated January 08, 2025 (“the Circular”) and relevant amendments to the SEBI (Research Analysts) Regulations, 2014 (“RA Regulations”).
• In case of conflict between these T&C and any applicable regulations/guidelines issued by SEBI, the SEBI regulations/guidelines shall prevail.

2. DEFINITIONS

 2.1. Unless the context otherwise requires, the following definitions apply in this T&C:

• “Client” or “User”: Any person or entity that registers with the RA and agrees to these T&C to avail the Services.
• “Services”: Includes (a) research reports, data, model portfolios, or analyses pertaining to Indian-listed securities; (b) any online or offline advisory/research support; (c) any communications related thereto.
• “Digital Platform”: Includes websites, mobile or web applications, or other technology platforms (including third-party service providers) used for delivering the Services.
• “KYC”: Know Your Customer - verification process mandated by SEBI (and other applicable laws) to establish the identity of Clients.

3. SCOPE OF SERVICES

 3.1. Research-Only / No Execution

• You hereby agree and acknowledge that the RA provides research and analysis only and We do not execute trades on behalf of Clients, hold Clients’ funds, or provide any assured returns.

 3.2. Model Portfolios

• Where offered, Our model portfolios are recommendations for basket(s) of securities with weightages. You hereby agree and acknowledge that such recommendations are for informational purposes only and do not guarantee performance or returns. We shall ensure compliance with the SEBI’s model portfolio guidelines, as outlined in Annexure-A of the Circular.

 3.3. Use of Artificial Intelligence (AI)

• In an event we use AI tools (in whole or part) to generate or support research outputs, We shall remain solely responsible for the quality, accuracy, security, and confidentiality of data.
• We shall disclose the extent of AI usage to the Client when providing Services (or whenever material changes occur).

 3.4. No Guarantee of Returns

• You hereby agree and acknowledge that all investments carry market risk. Any past performance is not indicative of future returns, and the RA does not assure or promise any specific gain or outcome.

4. ELIGIBILITY

 4.1. Legal Capacity

• Only individuals aged 18 years or older (and otherwise competent to contract) or legally incorporated entities may register.
• If You are a minor or otherwise incapacitated to enter into a contract, You are not permitted to use or subscribe to the Services.

 4.2. KYC Compliance

• You hereby agree and acknowledge that You shall provide accurate and complete information for the purpose of KYC.
• RA shall verify and/or store such KYC in accordance with SEBI regulations.
• The RA may terminate or suspend Services if KYC requirements are not met as per the applicable regulations or if the information provided is incomplete, false, or misleading.

5. REGISTRATION & ACCOUNTS

 5.1. Registration Process

• To access Our paid Services, Clients shall complete the registration form, provide all mandatory details, and accept these T&C.
• The RA reserves the right to reject or cancel registration if any of the information provided by You is incorrect or if the Client is ineligible to avail the Services under applicable law.

 5.2. Security of Credentials

• You agree and acknowledge that You shall keep Your login information (including but not limited to username, password) confidential. You shall be liable for any unauthorized use of your account resulting from negligence or sharing of Your credentials.
• You shall notify Us immediately if You suspect any breach of Your account security.

 5.3. Use of Services

• You shall not reproduce, distribute, copy, sell, or otherwise exploit Our research content without express written consent from the RA.
• Any unauthorized use of Our Services shall constitute grounds for termination of Services and may lead to legal action against You.

6. FEES & PAYMENT

 6.1. Maximum Fee for Individual/HUF Clients

• You acknowledge and confirm that You use the Services at Your sole discretion.
• Our Services are provided in compliance with SEBI (Research Analysts) Regulations, 2014 and all applicable laws.

 6.2. Fees for Non-Individual or Accredited Investors

• This amount excludes any statutory taxes and charges.
• We may revise fees in line with the Cost Inflation Index or as specified by SEBI and/or Research Analyst Administration and Supervisory Body (“RAASB”) every three years.
• For corporates, institutions, or accredited investors, fees may be negotiated bilaterally without the above limit, subject to fairness and reasonableness.

 6.3. Billing & Mode of Payment

• Fees may be charged quarterly in advance or in another mutually agreed schedule, subject to the one-quarter advance limit mandated by SEBI.
• We may offer or guide you regarding the Centralised Fee Collection Mechanism (CeFCoM) as an optional method of fee payment if made available by SEBI.

 6.4. Refund Policy

• In case of premature termination of Services, We shall refund fees for the unexpired subscription period on a pro rata basis.
• No “breakage” fee or penalty shall be imposed.
• Partial-month subscriptions are generally not refunded except at RA’s sole discretion or as required by SEBI.
• If the RA’s SEBI registration is suspended for more than 60 days or cancelled, We shall refund any unutilized fees from that effective date onward.

 6.5. Renewal Price

• The fee mentioned under Annexure A of this T&C (along with the details of Your chosen plan details and RA details) is the maximum price for renewal.
• The RA may reduce the renewal fee at its sole discretion without prior notice to the Client.

7. MANDATORY TERMS & CONDITIONS (AS PER CIRCULAR ANNEXURE-B)

 7.1. Availing the Services

• You acknowledge and confirm that You use the Services at Your sole discretion.
• Our Services are provided in compliance with SEBI (Research Analysts) Regulations, 2014 and all applicable laws.

 7.2. Obligations on RA

• Both RA and Client agree to abide by the SEBI Act, RA Regulations, and all circulars and rules as applicable.

 7.3. Client Information & KYC

• You shall furnish all required details for KYC in the form mandated by SEBI/RAASB.
• We will collect, verify, and store KYC records per SEBI norms.

 7.4. Standard Terms of Service

• By consenting to these T&C, You confirm understanding and agreement to terms as defined under regulation 2(1)(u) of SEBI (Research Analyst) Regulations, 2014, including the fee structure.
• You confirm that:
  1. You subscribe for personal benefit;
  2. Research reports carry market risk and no return guarantee;
  3. You cannot claim recourse for losses from reliance on reports.
• We confirm that:
  1. We are validly SEBI-registered (INH000022349);
  2. We possess the qualifications required;
  3. Our Services are independent and unbiased.

 7.5. Consideration & Mode of Payment

• Fees and taxes are to be paid via permissible modes.
• No services shall be rendered until payment and consent are received.

 7.6. Risk Factors

• Securities investment is inherently risky and past returns are not indicative of future results.

 7.7. Conflict of Interest

• We shall disclose all conflicts of interest in line with SEBI regulations.

 7.8. Termination of Service & Refund

• Services will be refunded proportionately if our registration is suspended or cancelled.

 7.9. Grievance Redressal

• Email complaints to: dinesh.singhal@themoneymethod.co.in within 30 business days.
• We will resolve within 30 business days or SEBI specified period.
• Unresolved complaints may be escalated to SEBI SCORES portal.

 7.10. Additional Clauses

• Any voluntary terms shall not conflict with SEBI circulars.
• Material changes to voluntary clauses will require 15-day notice.

 7.11. Mandatory Notice

• Refer to SEBI Master Circular SEBI/HO/MIRSD-POD-1/P/CIR/2024/49 dated May 21, 2024.

 7.12. Most Important Terms & Conditions (MITC)

• Disclosed in compliance with SEBI/RAASB guidelines.

 7.13. Optional Centralised Fee Collection Mechanism (CeFCoM)

• When made available, RA will inform the Client.

8. REPRESENTATIONS & WARRANTIES

 8.1. RA’s Declarations

• We are SEBI-registered.
• Our Principal Officer/NISM certifications are valid.
• Our operations comply with applicable laws.

 8.2. Client’s Declarations

• You confirm legal capacity and KYC accuracy.
• You understand risks involved in the securities market.

9. CONFIDENTIALITY & DATA PROTECTION

 9.1. Privacy of Client Data

• We do not share Your personal data except as required by law.
• We may use anonymized/aggregated data for compliance/research.

 9.2. Security of Client Data

• While efforts are made to secure data, complete internet security cannot be guaranteed.
• Data transfers may be unencrypted.

10. LIMITATION OF LIABILITY

 10.1. No Assured Returns

• We are not responsible for losses or missed profits.

 10.2. Force Majeure

• Not liable for disruptions due to force majeure events (e.g., natural disasters, system outages).

 10.3. Third-Party Data

• Accuracy of external data sources is not guaranteed.

11. INDEMNIFICATION

 11.1. No Assured Returns

• You agree to indemnify the RA and affiliates from liabilities arising due to:
  • Breach of T&C
  • Unauthorized account use
  • Third-party claims

12. SUSPENSION & TERMINATION

 12.1. Suspension

• We may suspend Services without notice for breach or regulatory directive.

 12.2. Termination

• This Agreement may be terminated upon:
  1. Your violation of T&C
  2. SEBI directive
  3. Non-payment of fees
• Refund governed by Clause 7.4

13. MISCELLANEOUS

 13.1. Amendments

• Any changes will be notified via website/email.

 13.2. Severability

• Invalid clauses shall not affect others.

 13.3. Governing Law & Jurisdiction

• Subject to the courts of Gautam Buddha Nagar, Uttar Pradesh or SEBI’s direction.

 13.4. No Agency

• No partnership, joint venture, or agency is created.

 13.5. Disclaimer

• SEBI registration or NISM certification does not guarantee returns.
• Securities market investment involves risks. Read all related documents carefully.