Most Important Terms and Conditions (MITC)

These Terms and Conditions apply to all quantitative and qualitative research advisory services provided by Money Bells Global Research Services Pvt. Ltd. (“Money Bells”), a SEBI-registered Research Analyst (Registration No. INH100009901). As per the SEBI (Research Analyst) Regulations, 2014, the Research Analyst operates strictly on a non-discretionary, advisory-only basis and is strictly prohibited from executing or carrying out any trade (purchase/sell transaction) on behalf of the client. Clients are strictly advised NOT to permit the Research Analyst or any of its representatives to execute any trade or transaction on their behalf. Under no circumstances should clients share their trading terminal login credentials, passwords, or transaction OTPs with any employee or associate of Money Bells. Clients retain absolute discretionary control and execution responsibility over their investment and trading portfolios.

The fee charged by Money Bells for its research services is subject to the maximum limits prescribed by SEBI and the Research Analyst Administration and Supervisory Body (RAASB) / BASL from time to time for individual and HUF clients. Current Prescribed Limit: ₹1,51,000 per annum per family of the client for all research and advisory services combined. 'Family' is defined as self, spouse, dependent children, and dependent parents. Exclusions: The agreed fees are exclusive of statutory taxes (such as 18% GST), stamp duties, transaction charges, or payment gateway processing fees which shall be borne by the client. Exemptions: The prescribed retail fee limits and family capping do not apply to non-individual clients (corporates, partnership firms, LLPs, etc.) or accredited investors as defined under applicable SEBI guidelines.

Money Bells may collect fees in advance for its research services, subject to mutual agreement and signing of the Service Agreement. Advance Fee Limit: In accordance with SEBI guidelines, the advance fee collected shall not exceed a period of one year (twelve months) of the total agreed fees. Premature Termination & Refund: In case of premature termination of the research services by either party, the client shall be entitled to a proportionate refund of the fees for the unexpired/remaining period of service. The refund will be processed and credited back to the client's registered bank account via traceable banking channels within 30 days of the formal termination notice, with no arbitrary penalty charges.

To ensure absolute financial transparency and auditability, all research fees must be paid exclusively through permissible digital banking channels under the client's own name. Permissible Modes: Account payee cheques, demand drafts, online bank transfers (NEFT, RTGS, IMPS), Unified Payments Interface (UPI), or authorized digital debit/credit cards. Cash Prohibition: Cash payments are strictly and unconditionally prohibited. Money Bells will never accept cash, and clients are advised never to make cash payments to any representative. Centralized Mechanism: Clients also have the option to make fee payments via the Centralized Fee Collection Mechanism (CeFCoM) managed by BSE Limited, the currently recognized RAASB, ensuring supreme regulatory compliance and payment security.

Money Bells strictly adheres to SEBI and RAASB regulations relating to the disclosure, identification, and mitigation of actual, potential, or perceived conflicts of interest. Disclosure: If any conflict of interest arises that may affect the objectivity, independence, or delivery of the research services, Money Bells shall promptly inform the client in writing. Associated Research Analysts will disclose any financial interest, holding (1% or more), or position in the subject companies within the research report or advisory communications as mandated by Regulation 19 of SEBI RA Regulations.

Any schemes, service packages, or arrangements promising assured, guaranteed, fixed, or risk-free returns are strictly prohibited by law in the Indian securities market. Money Bells does not offer any scheme, service, quantitative model, or portfolio strategy that guarantees profits, targets, or risk-free returns of any kind. Stock market operations are inherently volatile and dependent on macroeconomic factors, and clients should immediately report any representative promising guaranteed returns.

Money Bells employs professional quantitative analysis, historical chart distributions, and reasonable assumptions to formulate research recommendations. However, the Company does not guarantee profits, accuracy, completeness, or timeliness of its recommendations. All opinions, projections, target benchmarks, and investment ideas are prepared as of their publication date and are subject to change without prior notice. Clients are expected to review performance metrics objectively. Grievance Escalation: Any unresolved complaints or disputes regarding research service quality or disclosures can be escalated via the SEBI SCORES portal.

Investments and trades made in the securities market based on research recommendations are subject to high market risks. Equity investments, mid-cap/small-cap allocations, and derivative contracts (Futures & Options) carry significant volatility and potential drawdown risk. Money Bells or its representatives, analysts, directors, and affiliates cannot be held liable for any loss, damage, capital erosion, or opportunity cost arising directly or indirectly from reliance on our research reports or website content. Clients must make independent investment decisions after evaluating their own risk profile.

The registration granted by SEBI (INH100009901), enlistment/membership with the Research Analyst Administration and Supervisory Body (RAASB/BASL), and the National Institute of Securities Markets (NISM) certifications of the Research Analysts do not guarantee the performance of the intermediary or provide any assurance of returns to investors. Securities quoted in our promotional materials, performance tables, or case studies are solely for illustration purposes and do not constitute direct recommendatory advertisements of performance.

Money Bells is committed to providing prompt support and resolving all client grievances. We enforce a structured three-tier grievance redressal matrix: Step 1 – Contact Money Bells Directly Clients should first raise their grievance through any of the following official channels of Money Bells Global Research Services Pvt. Ltd.: • From Client Profile: Log in to your Money Bells account and navigate to Help & Support → Raise Ticket to register your issue directly in our CRM. • Online Redressal Portal: https://moneybells.in/public/resources/redressal-system • Email: compliance@moneybells.in • Compliance Officer: Sagar Goel Money Bells will acknowledge every complaint within 24 hours and aim to provide a comprehensive resolution within the SEBI-prescribed timeline. Step 2 – SEBI SCORES Portal If the client is not satisfied with the response received from Money Bells, or if the grievance is not resolved within 30 days, they may escalate the matter to SEBI through its SCORES ('SEBI Complaints Redress System') portal: http://scores.sebi.gov.in. Step 3 – Smart ODR Platform Alternatively, clients may utilize SEBI's Smart Online Dispute Resolution (ODR) platform at https://smartodr.in for online mediation and arbitration.

Clients must ensure that their registered contact details (email ID, phone number, permanent address, bank account details, and PAN) are accurate, active, and up to date with Money Bells at all times. This is essential to ensure the seamless and timely delivery of research disclosures, tax invoices, regulatory compliance documents, and verification audits. Money Bells is not liable for communication failures arising from outdated contact details.

Money Bells operates under strict data security standards and will never request your trading terminal passwords, demat account login credentials, bank PINs, or transactional OTPs. Clients should NEVER share such confidential details with any individual claiming to represent Money Bells. Sharing credentials exposes you to unauthorized trading risks, and Money Bells holds no liability for such occurrences.

Money Bells is fully committed to compliance with the SEBI (Research Analyst) Regulations, 2014, the SEBI Master Circular for Research Analysts, PMLA standards, and all subsequent circulars and directives issued by SEBI and RAASB / BASL. We ensure the highest level of transparency, client protection, and ethical integrity in every research advisory and operational activity.

For any queries, clarifications, or support requirements, please reach out to our corporate compliance desk: Entity Name: Money Bells Global Research Services Pvt. Ltd. SEBI Registered Research Analyst (INH100009901) Corporate Address: Tower B, Level 15, Financial District, Bandra Kurla Complex (BKC), Mumbai - 400051 Email: info@moneybells.in / compliance@moneybells.in Compliance Officer: Sagar Goel Contact Number: +91 22 6699 8888