Most Important Terms and Conditions (MITC)

Applicable to Research Services by SIDDHARTH JAIN PROPRIETOR MAGICFIN INDIA RESEARCH — SEBI Registration No. INH000023694

Key Terms

Non-Execution of Trades

  • SIDDHARTH JAIN PROPRIETOR MAGICFIN INDIA RESEARCH does not execute or carry out any purchase or sell transactions on behalf of clients.
  • Clients are strictly advised NOT to permit the Research Analyst or its representatives to execute trades on their behalf.

Fee Limits and Payment Terms

  • Maximum fee: ₹1,51,000 per annum per family for all research services combined (excludes statutory charges).
  • Fee limits do not apply to non-individual clients or accredited investors.
  • Fees may be charged in advance for a period not exceeding one year.
  • In case of premature termination, clients will receive a refund on a pro-rata basis for the unexpired service period.
  • Acceptable payment modes: cheque, online bank transfer, UPI, and other SEBI-approved methods. Cash payments are strictly prohibited.
  • Clients can optionally use CeFCoM (Centralized Fee Collection Mechanism) managed by BSE Limited (RAASB).

Prohibition of Guaranteed Returns

Important: Any schemes involving assured, guaranteed, or fixed returns are expressly prohibited by law and shall never be offered by the RA. The RA does not guarantee profits, accuracy, or risk-free investments through its research. Investment in securities market are subject to market risks. Read all related documents carefully before investing.

Protection Against Social Media Scams

  • Unsolicited Invitations: Beware of unsolicited messages or links inviting you to WhatsApp groups offering VIP trading tips.
  • Fake Profiles: Scammers may create fraudulent identities impersonating market experts or RA representatives.
  • Fake Testimonials: Fraudulent groups show fabricated success stories to lure investors with false promises of high returns.
  • Verify registration at: sebi.gov.in/intermediaries.html and check SEBI verified UPI IDs at SEBI Check” target=”_blank” rel=”noopener noreferrer” style=”color:#111″ >SEBI Check

Conflict of Interest

  • The RA strictly abides by SEBI and RAASB regulations requiring timely disclosure and mitigation of any actual or potential conflicts of interest.
  • Clients will be promptly informed of any conflict that may affect their research services.
  • Neither the firm, its analysts, nor their relatives or associates have any financial interest in subject companies covered in research reports.
  • No compensation has been received from any subject company in the past 12 months.
  • The RA does not own 1% or more of the equity securities of any subject company mentioned in research reports.

Grievance Redressal