SEBI Registered Research Analyst in New Delhi

SEBI Disclosure

Data for the month ending – August 2026

Complaint Data

Trend of Monthly Disposal of Complaints

Trend of Annual Disposal of Complaints

Investor Charter in respect of Research Analysts

A. Vision and Mission Statements for Investors

B. Details of Business Transacted with Respect to Investors

• To publish research report 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 audit annually
• To ensure that all advertisements are in adherence to the provisions of the Advertisement Code for Research Analysts
• To maintain records of interactions, with all clients including prospective clients (prior to onboarding), where any conversation related to the research services has taken place

C. Details of Services Provided to Investors (No Indicative Timelines)

D. Our Duties and Responsibilities

• To distribute research reports and recommendations to clients without discrimination
• To maintain confidentiality with respect to publication of research reports until made public
• To respect data privacy rights of clients and protect against unauthorized use of confidential information
• To disclose the timelines for services provided and adhere to them
• To provide clear guidance and adequate caution notice for complex and high-risk financial products
• To treat all clients with honesty and integrity
• To ensure confidentiality of information shared by clients

E. Rights of Investors

• Right to Privacy and Confidentiality
• Right to Transparent Practices
• Right to Fair and Equitable Treatment
• Right to Adequate Information
• Right to Initial and Continuing Disclosure
• Right to Fair & True Advertisement
• Right to Awareness about Service Parameters
• Right to be Heard and Grievance Redressal
• Right to Exit from Financial Product
• Right to receive Clear Guidance for complex and high-risk products
• Additional Rights to Vulnerable Consumers
• Right to Provide Feedback

F. Expectations from Investors (Responsibilities)

Disclaimer

• We are a SEBI Registered Investment Adviser having registration number – INH000021058.
• We are not affiliated with any other intermediaries, nor do receive any brokerage or commission from any third party.
• No penalties/directions have been issued by the SEBI under the SEBI Act or any other regulatory body.
• We do not recommend any stock broker or other intermediary to a client. Nor do we receive any consideration by way of remuneration or compensation or in any other form whatsoever from stock broker or other intermediary.
• Investments in debt instruments are subject to reinvestment risks as interest rates prevailing on interest amount or maturity due dates may differ from the original coupon of the bond, which might result in the proceeds being invested at a lower rate.
• If client wants opinion in the specific positions made by him only, we will be able to suggest appropriate view on the securities. Such suggestion/view under any circumstances shall be considered as an opinion (not advice) from our side and we advise client to consider our opinion and not consultancy to make his/her final decision. We will not be liable for any losses whatsoever client may incur in accepting this opinion.
• Financial Independence Services (Investment Advisor), along with its partners, associates, and employees, may hold positions or have made recommendations to clients that align with those made here. Financial Independence Services (Investment Advisor), its partners, associates, or their family members may or may not trade or have investments in the same recommendations.
• The names of the products/nature of investments do not in any manner indicate their prospects or returns. The performance in the equity products may be adversely affected by the performance of individual companies, changes in the market place and industry specific and macro-economic factors.
• We do not have any association in any manner with any issuer of products/securities; this ensures that there are no actual or potential conflicts of interest. This also ensures that objectivity or independence in the carrying on of investment advisory services is not compromised.
• Investment in market is subject to market risk, though best attempts are made for predicting markets, but no surety of return or accuracy of any kind is guaranteed.
• We do not guarantee any profit/return.
• The performance of the investments/products may be affected by changes in Government policies, general levels of interest rates and risks associated with trading volumes, liquidity and settlement systems in equity and debt markets.
• We do not provide any profit/loss sharing services, guaranteed profit services, Demat services.
• 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, if any are for illustration only and are not recommendatory.
• Investments in securities market are subject to market risks. Read all the related documents carefully before investing.

Terms & Conditions

• Trial calls are provided for demonstration purposes only, and it is entirely your decision whether to act on them or not.
• Our research recommendations are based on the package you select. While our analysts conduct thorough research, it is ultimately your responsibility to decide whether to act on these recommendations. We are not liable for any gains or losses resulting from your actions based on our recommendations.
• We are not responsible for losses caused by market fluctuations, delays, inaccuracies, technical issues, or other unforeseen factors. Please understand that trading and investing in the stock market carry inherent risks beyond our control. No claims for losses will be entertained.
• We do not offer or commit to any guaranteed returns or profits on our recommendations. All trading and investments are subject to market risk.
• Sharing of our research reports or confidential information by employees, associates, or clients is strictly prohibited. Legal action will be taken against any violations.
• Employees and associates are not allowed to accept gifts from clients. Payments should be made only to the official account listed on our website. Do not transfer money to any personal account.
• We do not manage Demat or trading accounts on your behalf. Please do not share your credentials, such as User ID, passwords, security answers, or OTPs, with anyone. We are not liable for any claims resulting from the misuse of your credentials.
• For those facing financial constraints, we offer flexible instalment payment options. These instalments are solely for fee payments and are not linked to profit sharing. If you are dissatisfied with our services during the subscription period, no refunds will be provided for fees already paid, as per our policy.
• The management reserves the right to amend terms and conditions without prior notice to clients.
• For any queries or disputes, please contact us at [email protected]
• These Terms & Conditions are governed by Indian laws, and any disputes arising from them will be subject to the jurisdiction of New Delhi only.

Privacy Policy

Welcome to Financial Independence Services (Research Analyst). We deeply value your privacy and are committed to safeguarding it. This Privacy Policy explains how we collect, use, and manage your information to ensure transparency and clarity in our practices.

• We collect certain personal information through our website or social media platforms when you voluntarily provide it. This information is used to improve our services and enhance your overall experience. We make every effort to maintain the accuracy and security of the data you share with us.
• Your privacy and data security are of utmost importance to us. We implement robust measures to ensure the confidentiality of your personal information and use it only for purposes you have consented to. However, no system is entirely foolproof, and while we strive to protect your information, we cannot guarantee its absolute security. Any data you transmit through our online services is done at your own risk.
• Please be aware that you may receive communications from us regarding service promotions, contests, or events. Your information, whether public or private, is securely held by us but may be disclosed to regulatory authorities, affiliated organizations, or third parties with whom we have a legitimate interest, without requiring your explicit consent.
• In addition to delivering our services, we may use your personal details, such as your mobile number and email address, to share newsletters, surveys, contest details, or updates on new services we believe may be of interest to you. By subscribing to our services, you consent to the use of your information for these purposes.
• By submitting an inquiry form on our website or through social media, you consent to being contacted via phone call, SMS, or WhatsApp at the number provided. Even if your number is registered on the National 'Do Not Disturb' registry, you agree to receive communication from us.
• We respect your trust and remain committed to protecting your privacy at all times.

Refund Policy

All sales are final, and we do not offer refunds for the paid period of services already availed by the client. Complaints or dissatisfaction regarding the quality of services during the paid period shall not entitle the client to any refund or compensation.

As per SEBI guidelines, if a client requests to cancel the subscription, a refund shall only be issued for the unused portion of the subscription period. The refund will be calculated on a pro-rata basis, deducting the charges for the services already availed, including applicable taxes and administrative fees.

Refunds will not be provided for the period of services already availed, irrespective of the client's satisfaction with the recommendations or the outcome of trades. Investment in securities markets are subject to market risks. Profits and losses incurred due to the use of our recommendations are solely the responsibility of the client.

By subscribing to our services and making payment, the client acknowledges that they have read, understood, and agreed to the refund policy, as well as the disclaimer, disclosure, and other terms mentioned on our website.

Grievance Redressal

We believe in offering the best-in-class financial advisory services. We look forward to positive and negative feedback on our research services.