Market Risk Warning & Statutory Disclosures

Market Risk Warning & Investor Notices

Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

• Possibility of Loss: Market risks may result in partial or permanent loss of investments under certain market conditions.
• Illustrative Purposes Only: The securities mentioned on any social media platforms or in free groups are presented solely for illustrative purposes. They do not constitute investment advice or recommendations in any form.
• SEBI Registration Disclaimer: Registration granted by SEBI, Enlistment with RAASB, and certification from NISM do not guarantee the performance of the intermediary nor assure returns to investors.
• Past Performance Warning: Past performance is not indicative of future results. Investments are subject to market risks, and historical returns should not be relied upon as a basis for future investment decisions.
• Risk Associated with Open Positions: Our recommendations might include open positions without set stop-loss levels or target prices, exposing portfolios to significant losses from adverse market movements or unexpected events. Investors should recognize that the absence of predefined exit points heightens the risk of capital erosion, and it’s advisable to exit securities at a 10-15% loss or profit without emotional attachment.

Important Notice for Investors and Traders

• Please do not ask about specific investment amounts, lot sizes, or prices for securities.
• Follow our portfolio allocations, group calls, and exit calls or positions when target or stop-loss prices are reached, as holding securities based on emotions can lead to significant losses.
• Invest according to your own risk tolerance. We treat all users equally, but may offer discounts at our discretion for recurring subscribers or upon valid specific requests.

Fee Payment & Investor Protection

All service fees must be paid only via our official website: InfeelsTrade Official Website or verified bank/payment gateway channels/verified UPI. Payment may also be processed via the Centralized Fee Collection Mechanism (CeFCoM), if applicable.

Limitations & Risk Disclosures

• No Warranties on Accuracy or Results: The research analyst or entity does not guarantee the accuracy, completeness, or reliability of any information or content on its platform or reports. This includes warranties related to merchantability, suitability for an investor’s purpose, or non-infringement.
• No Claims for Losses from Recommendations: By the nature of investment risk, investors cannot claim compensation for any losses incurred based on the research recommendations provided. All investment decisions and their consequences remain the sole responsibility of the investor.
• Options Trading Risk: Derivatives trades carry a high probability of total capital loss due to the leveraged and time-bound nature of contracts. Investors must engage in Futures & Options (F&O) trading strictly in accordance with their personal risk appetite and financial capacity.

Services Exclusions

While we provide research analysis and securities-specific recommendations, we strictly do NOT offer:

• Portfolio Management Services (PMS)
• Personalized Account Handling
• Profit-Sharing Arrangements
• Investment Advisory Based on Individual Risk Profiling

Investors are responsible for their own investment decisions and should seek a SEBI-registered Investment Adviser for personalized financial planning services.

Report Unethical Practices

We are committed to ethical research and transparent market practices. If you observe any misleading claims, unauthorized fee collection, or unethical conduct involving our services or brand:

• No third party or employee is authorized to offer return guarantees. Report any such activity to our Compliance Officer and SEBI immediately.
• If you engage with unauthorized persons, including employees or associates offering guaranteed returns without officially informing the company at infeelstrade@gmail.com, the company will not be liable for any resulting losses.

---

Disclosure of Material Information

Business Activity

PIYUSH PAL is engaged in providing independent equity research services based on technical and fundamental analysis. The firm offers Buy / Sell / Hold recommendations and investment opinions in the form of research reports, analysis, and market commentary under SEBI (Research Analyst) Regulations, 2014.

All recommendations are made in good faith and based on data believed to be reliable at publication. Investors are advised to use discretion and consult certified professionals before making financial decisions.

Disciplinary History Statement

PIYUSH PAL (SEBI Registration No.: INH000026512), along with its partners and associates, maintains a clear and unblemished record. There have been no instances of disciplinary action, penalties, or sanctions levied by any regulatory or administrative authority.

Terms & Conditions of Research Report Issuance

• Purpose and Audience: Research reports are exclusively issued to clients for informational purposes.
• Basis and Reliability: Content is prepared using facts and data deemed true, correct, and reliable at publication. The research team conducts reviews to ensure no untrue statements of material fact are included.
• Nature of Recommendations: Reports do not constitute an offer document or solicitation to buy, sell, or hold securities.
• Chart Portals: Daily closing charts are available at the NSE Charting Portal and BSE Charting Portal.
• Client Responsibility & Liability: Clients must exercise independent judgment. PIYUSH PAL disclaims liability for direct or indirect losses arising from the use of research reports.
• Copyright: Issued for personal use only; reproduction or redistribution without written authorization is strictly prohibited.

Risk Disclosures & Material Conflicts of Interest

In accordance with SEBI (Research Analyst) Regulations, 2014:

• Ownership of Securities: Neither PIYUSH PAL, nor its research analysts, nor their relatives/associates, hold 1% or more equity in subject companies.
• Financial Interest: Analysts or associates may have direct or indirect financial interest at the time of publication.
• Material Conflict: No material pecuniary or other conflict of interest exists with subject companies at report publication.
• Compensation Disclosures: The entity has NOT received compensation for investment banking, merchant banking, brokerage services, or market-making activities from subject companies in the past 12 months.
• Analyst Role: The Research Analyst has not served as an officer, director, or employee of subject companies.

Use of AI and Algorithmic Tools

Our recommendations utilize technical and fundamental analysis alongside Artificial Intelligence (AI) and Algorithmic platforms:

• System & Data Risks: Risks include technical vulnerabilities, historical strategy failure under changing conditions, data privacy risks, API/datacenter failures, and potential portfolio losses.
• No Guarantee & Liability: No guarantee of success or return exists for AI/Algo recommendations. Clients bear full liability for investment decisions made based on automated tools.

Model Portfolio Disclaimer

Model Portfolios are published purely for illustration and educational purposes (when in public domain):

• Inclusion/weightage is driven by technical/fundamental methodologies and sectoral outlooks.
• Accompanied by detailed rationales and updated continuously to respect boundaries between research and personal portfolio management.
• Investors must consult a registered advisor before replicating model portfolios, as individual financial goals and risk profiles are not considered.

Unregulated Products Notice: Crypto, Forex & Third-Party Services

• Regulatory Purview: Recommendations or insights regarding Cryptocurrency, Forex trading, and third-party products fall completely outside the jurisdiction and protection of SEBI.
• High Risk Warning: Unregulated markets carry extreme risks of total capital loss, operational failure, and fraud with no SEBI dispute resolution mechanisms available.
• PIYUSH PAL is not registered to offer advisory in unregulated products and accepts no liability for capital erosion in these segments.

Securities & Stock Rating Definitions

• Buy: Purchase security strictly within the recommended price range.
• Sell: Sell security within the specified price range.
• Hold: Retain existing position until a revised call is issued.
• Apply: Participate in public offers (IPO, Buyback, OFS).
• Book Profit: Sell part or all holdings to realize existing gains.
• Exit: Strong recommendation to close the entire position.
• Add: Increase quantity of existing holdings on favorable conditions.
• Reduce: Partially sell holdings based on revised risk outlook.

Grievance Redressal Mechanism

Level 1 – Internal Contact

Level 2 – Regulatory Escalation (If unresolved after 7 days)

• SEBI SCORES 2.0 Portal: https://scores.sebi.gov.in
• SEBI SMART ODR Portal: https://smartodr.in
• SEBI Toll-Free Helpline: 1800 22 7575 / 1800 266 7575

SEBI Investor Verification & Anti-Fraud Guidelines

• Verify entity registration on the SEBI Intermediaries Portal.
• Transact only via authentic apps verified at the SEBI Investor Support Portal.
• Use Validated UPI Handles (@valid) via the SEBI Check Portal.

Cyber Crime & Financial Fraud Reporting

• National Cyber Crime Helpline: Dial 1930
• Reporting Portal: National Cyber Crime Reporting Portal