Standard disclosure

Applicable to research services by Yagnesh Purri

SEBI registration number: INH000025461

Non-execution of trades

• Yagnesh Purri 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 (RA) or its representatives to execute trades on their behalf.

Fee limits and payment terms

• Fees charged to individual and Hindu Undivided Family (HUF) clients shall not exceed the limits prescribed by SEBI / RAASB.
• Currently, the maximum fee is ₹1,51,000 per annum per family for all research services combined (subject to change as per SEBI / RAASB notifications).
• This fee limit 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 unless otherwise agreed.
• In case of premature termination, clients will receive a refund of fees on a pro-rata basis for the unexpired service period, as per applicable terms and cancellation & refund policy.
• Acceptable modes of payment include cheque, online bank transfer, UPI, and other SEBI-approved methods. Cash payments are strictly prohibited.
• Optionally, clients can use the Centralised Fee Collection Mechanism (CeFCoM) managed by BSE Limited (recognised RAASB) to make payments securely, where the RA has opted for the mechanism.

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.

Prohibition of guaranteed returns

• 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.

Market risk and loss disclaimers

• Investment in the securities market is subject to market risks. Read all related documents carefully before investing. There is potential loss of capital.
• Recommendations do not assure returns, and clients must exercise independent judgment when acting on research reports or commentary.
• There is no recourse or right to claim compensation for losses arising from investment decisions based on research recommendations, subject to applicable law.

Regulatory registration and certification

• SEBI registration as a research analyst, enlistment with RAASB, and NISM certification do not guarantee the RA's performance or assure returns.

Grievance redressal process

• Step 1: Contact the research analyst directly via
  • Email: support@yagneshpurri.com
  • Website: yagneshpurri.com
  Telephone numbers, if published for grievance handling, will be as per SEBI intermediary records or as communicated on your engagement; see also grievance redressal.
• Clients must keep their contact details updated with the RA at all times to facilitate communication.

Security and privacy reminders

• The RA will never request clients' login credentials or OTPs for trading, demat, or bank accounts.
• Clients must never share such sensitive information with anyone, including the RA.

Optional centralised fee collection mechanism (CeFCoM)

• CeFCoM helps investors direct payments securely to legitimate SEBI-registered research analysts.
• It enables investors to track payments made to research analysts.
• Investors can request CeFCoM payment links directly from registered research analysts and pay using authorised channels.

Protection against social media scams

Common scam tactics to watch for

• Unsolicited invitations: beware of unsolicited messages or links inviting you to messaging groups offering "VIP" trading tips or free courses.
• Fake profiles: scammers may create fraudulent identities impersonating market experts or RA representatives.
• Impersonations: persons may masquerade as SEBI-registered intermediaries, well-known executives, or public figures.
• Fake testimonials: fraudulent groups may show fabricated success stories to lure investors into transferring funds with false promises of high returns.

Guidelines to protect yourself

• Engage only with SEBI-registered intermediaries whose credentials you have verified.
• Verify registration on SEBI's official portal: SEBI — intermediary database (select the relevant category, e.g. research analyst).
• Perform financial transactions only through official apps and channels of SEBI-registered intermediaries as notified from time to time.
• Always communicate using authentic email addresses and contact details from SEBI's listing or the RA's official website.

Tips from the RA to avoid scams

1. Search the registered name of your RA on SEBI's official website.
2. Obtain the RA's official email and phone details from SEBI's listing where available.
3. Initiate communication using the official email or website only.
4. If you receive communication from an unrecognised or personal email claiming to represent the RA, treat it as a potential scam unless verified.

Cyber crime reporting and resources

• Cyber crime reporting portal: https://cybercrime.gov.in/
• National cybercrime helpline: 1930
• Register a financial fraud complaint: https://cybercrime.gov.in/Webform/Accept.aspx
• Nodal grievance list: https://cybercrime.gov.in/Webform/Crime_NodalGrivanceList.aspx
• Learning video gallery: https://cybercrime.gov.in/Webform/video-category.aspx

Further reading

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