This agreement is between Varun Bhargav, Proprietor of Profit X Research, registered with SEBI as a Research Analyst under Registration No. INH000014508, and the client. By subscribing to the research services, the client acknowledges and agrees to the following terms and conditions.
1. Availing the Research Services
By accepting delivery of the research service, the client confirms that they have elected to subscribe at their sole discretion. The Research Analyst confirms that research services shall be rendered in accordance with the applicable provisions of the RA Regulations.
2. Obligations on Research Analyst
The Research Analyst and the client shall be bound by the SEBI Act and all applicable rules and regulations of SEBI, including the RA Regulations and relevant Government notifications, as may be in force from time to time.
3. Client Information and KYC
- The client shall furnish all required details in full, in the standard form with supporting documents, as mandated by SEBI.
- The Research Analyst shall collect, store, and check KYC records with the KYC Registration Agency (KRA) as specified by SEBI.
4. Standard Terms of Service
By subscribing, the client acknowledges and agrees to the following:
"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."
"I/We are subscribing to the research services for our own benefit 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."
"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 investments made based on the recommendations in the research report."
5. Declarations from the Research Analyst
- Duly registered with SEBI under Registration No. INH000014508 and compliant with SEBI (Research Analyst) Regulations, 2014.
- No material adverse disciplinary history or conflicts of interest compromising the integrity of recommendations.
- Maximum fee charged shall not exceed ₹1.51 lakh per annum per family of clients.
- Recommendations provided do not assure returns.
6. Consideration and Mode of Payment
- The client agrees to pay the fees as mutually decided, along with any applicable statutory charges.
- Payments shall be made through specified secure modes — NEFT, IMPS, UPI, Cheque, or approved payment processors.
- The Research Analyst may collect up to 3 months' advance payment based on mutual agreement.
- Plan duration: 1 Month = 30 calendar days; 3 Months = 90 calendar days.
7. Risk Factors
Disclaimer: Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the Research Analyst or provide any assurance of returns to investors.
8. Conflict of Interest
The Research Analyst adheres to SEBI guidelines for disclosure and mitigation of conflicts of interest, with full disclosures provided in each research report — see the Conflict of Interest Policy on our Legal & Compliance page.
9. Termination of Service and Refund of Fees
The Research Analyst reserves the right to suspend or terminate services in the event of suspension or cancellation of its SEBI registration. If the certificate of registration is suspended for a period exceeding sixty (60) days or is cancelled, the Research Analyst shall refund subscription fees on a pro-rata basis for the period from the effective date of such suspension/cancellation to the end of the subscription period.
10. Grievance Redressal and Dispute Resolution
For any support-related grievances, including non-receipt of reports or deficiencies in service, email profitxresearch@gmail.com. If unresolved, escalate to the designated grievance officer. All grievances are addressed within 7 business days or per the latest SEBI RA Regulations. Full process: see Grievance Redressal Methods.
11. Use of Research Reports
All research reports and related information are confidential and intended solely for the subscriber. Unauthorized distribution, reproduction, or use is strictly prohibited. Clients (paid or unpaid) and any third party have no right to forward or share calls, SMS, reports or any information provided by us — doing so can result in serious legal action. Clients must independently assess all recommendations; the Research Analyst assumes no responsibility for losses incurred.
This is the standalone version of our Terms & Conditions. See the full Terms & Conditions section on our Legal & Compliance page, alongside our other disclosures, the MITC, and Code of Conduct.