Charter | Kavita Agrawal CMT CFA

Disclosure

Kavita Agrawal is a SEBI Registered Research Analyst with SEBI registration number INH000010982
Investment in the securities market is subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
The securities quoted are for illustration only and are not recommendatory.
Kavita Agrawal categorically states that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by Kavita Agrawal, will be profitable or equal to any historical performance level(s).
Kavita Agrawal shall not be liable for any misrepresentation, falsification, and deception or for any lack of availability of services through the website, even if the same are advertised for on the website.
Kavita Agrawal does not allow any of our employees to participate in trading business. Kavita Agrawal also restricts our employees from getting into any related business or otherwise for ensuring unbiased services to our clients.
Kavita Agrawal is not engaged in any kind of execution services.
Kavita Agrawal reserves the right to modify/ alter/ change the content of its website. Clients are advised to update themselves from time to time.
Kavita Agrawal and/or its associates/ or its relatives may have investment positions in the stocks recommended.
Kavita Agrawal and/or its associates/or its relatives do not have any actual/beneficial ownership of one percent or more of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance.
Kavita Agrawal and/or its associates/or its relatives do not have any other material conflict of interest at the time of publication of research report or at the time of public appearance.
Kavita Agrawal and/or its associates have not received any compensation from the subject company in the past twelve months.
Kavita Agrawal and/or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months.
Kavita Agrawal and/or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months.
Kavita Agrawal and/or its associates have not received compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months.
Kavita Agrawal and/or its associates have not received compensation or other benefits from the subject company or third party in connection with the research reports.
The subject company is or was not a client of Kavita Agrawal during twelve months preceding the date of distribution of the research report and recommendation services provided.
Kavita Agrawal and/or its associates have not served as an officer, director or employee of the subject company.
Kavita Agrawal and/or its associates has not been engaged in market making activity for the subject company.
Details of Compliance Officer: Email ID: compliance@exp-invest.in
Details of Grievances Team: Email ID : complain@exp-invest.in

Investor Charter

INVESTOR CHARTER IN RESPECT OF RESEARCH ANALYST (RA)

A. Vision and Mission Statements for investors:

Vision: Invest with Knowledge and Safety.

Mission: Every investor should be able to invest in the right investment products based on their needs, manage and monitor them to meet their goals, access reports and enjoy financial wellness.

B. Details of Business Transacted by the Research Analyst with respect to the investors.

To publish research reports based on the research activities of the RA.
To provide an independent unbiased view on securities.
To offer unbiased recommendation, disclosing the financial interests in recommended securities.
To provide research recommendation, based on analysis of publicly available information and known observations.
To conduct an audit annually.

C. Details of services provided to the investors (No Indicative Timelines)

Onboarding of Clients.

Disclosure to Clients

To distribute research reports and recommendations to the clients without discrimination.

To maintain confidentiality w.r.t publication of the research report until made available in the public domain.

D. Details of grievance redressal mechanism and how to access it:
In case of any grievance / complaint, an investor should approach the concerned research analyst and shall ensure that the grievance is resolved within 30 days. If the investor's complaint is not redressed satisfactorily, one may lodge a complaint with SEBI on SEBI'S SCORES portal which is a centralized web based complaints redressal system. SEBI takes up the complaints registered via SCORES with the concerned intermediary for timely redressal. SCORES facilitates tracking the status of the complaint. With regard to physical complaints, investors may send their complaints to: Office of Investor Assistance and Education, Securities and Exchange Board of India, SEBI Bhavan. Plot No. C4-A, 'G' Block, Bandra- Kurla Complex, Bandra (E), Mumbai - 400 051.

E. Expectations from the Investors ( Responsibilities of Investors)

Do’s:

Always deal with SEBI registered Research Analyst.
Ensure that the Research Analyst has a valid registration certificate.
Check for SEBI registration number.
Please refer to the list of all SEBI registered Research Analysts which is available on SEBI website in the following link: (https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes &intmId=14)
Always pay attention towards disclosures made in the research reports before investing.
Pay your Research Analyst through banking channels only and maintain duly signed receipts mentioning the details of your payments.
Before buying securities or applying in a public offer, check for the research recommendation provided by your research Analyst.
Ask all relevant questions and clear your doubts with your Research Analyst before acting on the recommendation.
Inform SEBI about Research Analysts offering assured or guaranteed returns.

Don’ts:

Do not provide funds for investment to the Research Analyst.
Don’t fall prey to luring advertisements or market rumours.
Do not get attracted to limited period discount or other incentive, gifts, etc. offered by Research Analyst
Do not share login credentials and password of your trading and demat accounts with the Research Analyst.

Complaint Board

Complaints as of May 31, 2023

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Risk with short term investment

Retail investors should understand that all investments have risk, and that short-term investing in a volatile market carries significant risk of loss.
Short-term trading, including trading aided by the use of margin or options, can lead to significant and unanticipated losses for retail investors.
Investing in Bubbles or Manias - Financial “manias” or a “bubble” is the rapid rise in the price of an investment, reflecting a high degree of collective enthusiasm or exuberance regarding the investment’s prospects. This rapid rise is usually followed by a contraction in the investment’s price. The contraction, or “panic” occurs when there is wide-scale selling of the investment that causes a sharp decline in the investment’s price.
Momentum Investing - Another investing strategy that can pose high risks for retail investors is “momentum investing.” An investor using a momentum investing strategy seeks to capitalize on the continuance of existing trends in the market. A momentum investor believes that large increases in the price of an investment will be followed by additional gains and vice versa for declining values. If that belief turns out to be incorrect, it can lead to significant losses.
Noise Trading - Noise trading occurs when an investor makes a decision to buy or sell an investment without the use of fundamental data (that is, economic, financial, and other qualitative or quantitative data that can affect the value of the investment). Noise traders generally have poor timing, follow trends, and overreact to good and bad news in the market.
All investing has risks. If you invest using margin, options, or short sales these risks may be magnified. Margin trading (using borrowed money to buy securities) can be very risky and is not appropriate for every investor. Before you invest using margin consider that:

You can lose more money than you have invested;
You may have to deposit additional cash or securities in your account on short notice to cover market losses (a “margin call”); and
Your brokerage firm can increase its margin requirements at any time and is not required to provide you with advance notice.

Refund & Cancellation

Kavita Agrawal does not provide any refunds. Any service, once subscribed, is non-refundable or cancelable. However, a service may be kept on hold on the request of the subscriber for a finite period which will be intimated to the customer upon request. Post the holding period date, the service will be terminated.

Research analysts shall ensure that all the client's grievances are redressed promptly. The clients can write to the support platform help@exp-invest.in of Kavita Agrawal for redressing the grievance. If the grievance raised by the customer in the support platform fails to be redressed within the period of 30 working days then the customer can raise the grievance in SCORES platform SEBI complaints redress system scores.gov.in

Service Delivery policy

The following are the clauses for the delivery of Exp service:

Kavita Agrawal’s research team will begin researching once a service is subscribed and payment is received.
Several secondary sources including but not limited to journals, blogs, published government and corporate data are used in the preparation of the reports combined with primary research techniques.
Once the data is gathered, it is collated and drafted into a single document, inclusive of pictorial data like graphs, pie charts etc. along with Kavita Agrawal’s recommendations.
The report, once prepared, will be shared with the client via his mentioned email address.
The reports are published on a periodical basis.
The reports are final and unmodifiable.
Customers can contact Kavita Agrawal’s support team for any clarifications on any of the reports.
By subscribing to Kavita Agrawal’s services, you agree to the aforementioned clauses.

Disclaimer

This website is provided by Kavita Agrawal and is subject to the following terms and conditions:

SEBI Circular Compliance:

The content on this website complies with the SEBI Circular dated 05/04/2023, which outlines the Advertising Code and Guidelines for Investment Advisers (IAs) and Research Analysts (RAs). Kavita Agrawal, our SEBI registered Research Analyst, is responsible for the content and services provided on this platform.

Forms of Communication:

The advertisement code applies to all forms of communication issued by or on behalf of Kavita Agrawal and EXP-Invest that may influence investment decisions. This includes but is not limited to pamphlets, circulars, brochures, notices, research reports, electronic mail, text messaging, messaging platforms, social media platforms, radio, telephone, or any other form of communication over the internet or audio-visual form.

Information/Disclosures in the Advertisement:

All advertisements must contain accurate, true, and complete information in unambiguous and concise language. This includes the IA/RA’s registered name with SEBI, registered office address, SEBI Registration No., logo/brand name/trade name, and CIN (if applicable). Advertisements must also include a standard warning stating, “Investment in securities market is subject to market risks. Read all the related documents carefully before investing.”

Prohibitions in the Advertisement:
Advertisements must not contain false, misleading, biased, or deceptive statements, misleading or deceptive testimonials, exaggerated statements, or references to past performance. The use of superlative terms such as “Best,” “No. 1,” and the SEBI logo is prohibited.

Other Compliances/Requirements:
Prior approval for advertisements/material must be obtained from a SEBI recognized supervisory body. Advertisements should not be issued during suspension periods imposed by SEBI and/or SEBI recognized supervisory bodies. IAs/RAs should not engage in games, leagues, schemes, competitions, etc., involving the distribution of prize monies or gifts. The IA/RA must retain a copy of the advertisement for five years as per regulations.

Effective Date:
These provisions are applicable from May 01, 2023.

Conclusion:
SEBI’s advertisement code for IAs and RAs is designed to protect investors and promote transparency and integrity in the securities market. IAs and RAs must comply with these guidelines and any additional regulations specified by SEBI or SEBI recognized supervisory bodies to ensure the highest standards of professionalism and ethics.

Please note the following disclaimed in view of the above:

General Statement: The content provided on Kavita Agrawal's various social platform channels are for informational and educational purposes only. While Kavita Agrawal is a licensed analyst and financial advisor, the views expressed are solely personal opinions and should not be construed as professional investment advice or recommendations.
Personal Opinions: As a licensed professional, Kavita adhere to the highest standards of conduct and expertise. However, it is important to note that the insights and opinions shared on the social channels are based on her personal analysis and interpretation of market conditions and should not be taken as definitive investment advice.
Market Risk and No Follow-Up Analysis: The stock market is subject to inherent risks and constant changes. Kavita's views are based on the current market scenario, and she may not be able to provide continuous follow-up analysis or updates should the market conditions change, potentially invalidating her previous views.
No Financial Advice for Individual Circumstances: While Kavita possess professional qualifications, the information presented on her social channels are not tailored to the investment needs of any specific individual. Viewers should consider their financial situation, objectives, and risk appetite before making investment decisions.
Accuracy of Information: Efforts are made to ensure the accuracy and timeliness of information presented; however, there is no guarantee of its absolute accuracy or completeness. Any reliance you place on such information is at your own risk.
Risk Disclosure: Investing in the stock market involves a high degree of risk, including the potential loss of principal. Past performance is not indicative of future results.
Regulatory Compliance: Kavita's social channel complies with all applicable regulations under the SEBI Research Analyst Regulations 2014. However, the views expressed are personal and not endorsed by any regulatory authority.
Affiliate Disclaimer: Some of the links and products shown in the videos might be affiliated in the future, and Kavita may earn a commission for purchases made through these links. Full disclosures will be made in such cases.
No Liability: Kavita, her company or associates shall not be liable for any losses or damages arising from any actions taken based on the information provided in these videos.
Viewer Responsibility: Viewers are encouraged to exercise discretion and seek independent professional advice before making any investment decisions based on the content of these videos.

Terms & Conditions

Following are the terms and conditions for customers when availing any of Research analyst service

Being a SEBI-registered intermediary, we shall strictly abide by any rules and regulations put forth by the regulatory authority – Securities and Exchange Board of India (SEBI) and shall not deviate from these rules and regulations by any degree. We follow the existing guidelines set by SEBI and will adjust our practices as a research analyst when these guidelines are changed.
We shall prepare our research reports based upon the profiles and needs of the customers. Kavita Agrawal shall not be liable for any mismatch between the customers’ expectations and the actual report based on the communication between the two parties.
Kavita Agrawal prepares its reports based on data from secondary sources. While Kavita Agrawal takes all necessary steps to ensure the accuracy of this data, this is not a foolproof practice and Kavita Agrawal’s shall not be liable for any inaccuracies in its published reports. It will be Kavita Agrawal’s sincere efforts to only use data from trusted/verified sources.
The browser of Kavita Agrawal’s website shall be solely responsible for any costs incurred during any such browsing. Kavita Agrawal’s website is merely a platform to provide its services and shall not partake/share any costs attached to accessing this website.
The content of research reports is subjective in nature but backed by data. Kavita Agrawal’s researchers are qualified to give their personal thoughts and opinions in the reports and are not to be quoted to be objectively correct anywhere or anytime. Kavita Agrawal is not liable for a contradiction to any of its content in any of its published reports.
This Terms & Conditions is the only one of its kind or form and no other document exists in any form supplementing or complimenting this one. Therefore, this Terms & Conditions document, as found on the website, is completely inclusive of itself.
By subscribing to any of our services, the customer agrees to being sent notifications via SMS and periodic email communications which can be any of the following but not limited to: newsletters, promotional content and research report links.
The content in the reports of Kavita Agrawal is confidential in nature and is meant only for the subscribers of the company. Any form of redistribution of these reports through unauthorized sources is liable to be taken legal action against.
Any research reports published by Kavita Agrawal will only be mailed/notified to our customers through the official email address which will be intimated to the customer upon subscription. Any research reports received by you from any email address other than the one communicated to you is not representative of Kavita Agrawal’s content and Kavita Agrawal shall not be liable for any loss/damage that arises from such unauthorized sources.
By subscribing to our services, you agree to all the clauses of the Terms & Conditions of Kavita Agrawal Research analysts.

Privacy Policy

This section dictates the actions that Kavita Agrawal takes on the personal information that it collects from its customer:

Kavita Agrawal does not share or sell any information that it gathers from its customers, either via online forms or telephonic conversation. Kavita Agrawal uses this information only to understand the profile and needs of the customers and serve them accordingly.
Kavita Agrawal employs ‘cookies’ on its website. Cookies are files that are stored in the browser’s device storage to collect information. The browser has full rights to reject the use of cookies. However, this refusal may lead to lack of access to certain sections of the company website.
Kavita Agrawal uses secure servers to safeguard your credentials and makes efforts towards improving its data protection. However, no single method is perfect and can be compromised. Kavita Agrawal is not responsible for the loss/modification of this data due to the aforementioned reason.
Kavita Agrawal reserves the right to amend this privacy policy as and when it sees fit. Any changes made to this policy will be intimated to the customers via email.
By subscribing to our services, you agree to be subject to all the clauses of this privacy policy.