Terms and Conditions

Introduction

These Terms and Conditions (“T&C”) govern your use of research services provided by Equity Insights (“we”, “us”, “our”). By subscribing to or accessing any report, service or content, you agree to these T&C.


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.


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.


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 RAASB/SEBI from time to time.


Fees are agreed upfront and payable via Cashfree, cheque, online bank transfer, UPI, or through Net Banking. Cash payments are not accepted. Advance payments, if any, cannot exceed one year of service fees.


We strive to deliver high-quality research and advisory content in compliance with SEBI regulations. However, due to the nature of digital products and personalized financial research services, we do not offer refunds once a service or report is delivered.


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.


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-POD1/P/CIR/2024/49 dated May 21, 2024 or as may be specified by SEBI from time to time.


RA shall be responsible to resolve grievances within 7 business working days or such timelines as may be specified by SEBI under the RA Regulations.


RA shall redress grievances of the client in a timely and transparent manner. 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.


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.


RA may suspend or terminate rendering of research services to client on account of suspension/cancellation of registration of RA by SEBI and shall refund the residual amount to the client.


In case of suspension of certificate of registration of the RA for more than 60 days or cancellation of the RA registration, 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.


Registration granted by SEBI, and certification from NISM in no way guarantee performance of the Research Analyst or provide any assurance of returns to investors. Investments in securities market are subject to market risks. Read all the related documents carefully before investing.

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).
    • The current fee limit is Rs 1,51,000/- per annum per family of client for all research services of the RA.
    • The fee limit does not include statutory charges.
    • 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; presently it is one year. In case of premature 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.
  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).
  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:
    1. Client should first contact the RA using the details on the website or following contact details: An email may be sent at: equityinsightselite@gmail.com Alternatively, the Investor may call on +91-8595162794
    2. If the resolution is unsatisfactory, the client can also lodge grievances through SEBI’s SCORES platform at www.scores.sebi.gov.in
    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. 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.

Declaration of the RA

  • It is duly registered with SEBI as an RA pursuant to the SEBI (Research Analysts) Regulations, 2014 and its registration details are:
    • Name: Tejas Bansal
    • SEBI Registration No.: INH000021261
    • Registration Date: June 24, 2025
    • BSE RAASB Enlistment Number: 6583
  • It has registration and qualifications required to render the services contemplated under the RA Regulations, and the same are valid and subsisting;
  • Research analyst services provided by it do not conflict with or violate any provision of law, rule or regulation, contract, or other instrument to which it is a party or to which any of its property is or may be subject.
  • The maximum fee that may be charged by RA is ₹1.51 lakhs per annum per family of client.
  • The recommendations provided by RA do not provide any assurance of returns.
  • AI tools are used only to assist in research activities such as data analysis and information gathering. All research recommendations are based on independent human judgment and due diligence, ensuring compliance with SEBI regulations.
  • RA is not engaged in any additional professional or business activities, on a whole-time basis or in an executive capacity, which interfere with/influence or have the potential to interfere with/influence the independence of research report and/or recommendations contained therein.
  • Client data (KYC, payments, communication) will be securely stored and handled in compliance with SEBI guidelines.
  • Data will not be shared with unauthorized third parties except where required by law or regulatory obligations.

Equity Insights Elite is a trade name used by Tejas Bansal (Individual SEBI Registered Research Analyst INH000021261) to provide equity research services in the Indian Equity Markets.