Client Consent

Kerdoss Trade India | SEBI RA Reg. No: INH000020730 | BSE Enlistment No: 6560

Last updated: 2 November 2026

This page sets out the terms that a client accepts when taking our research services. Before any service starts, the client gives consent by signing the full consent document with an Aadhaar OTP e-sign. A copy of the signed document is sent to the client, and another copy can be requested at support@kerdoss.com.

Research Report Terms & Conditions

(a) The recommendations provided in this report are based on publicly available information we believe to be reliable and accurate at the time of publication.
(b) Unless otherwise stated, our recommendations are intended for a 12-month investment horizon.
(c) Ratings provided are based on absolute returns (positive or negative) and should be interpreted accordingly.
(d) Security prices may fluctuate due to market volatility or company-specific events, and returns may vary dramatically over time.
(e) We reserve the right to revise or withdraw ratings due to reassessment of valuation, market events, or lack of clarity.
(f) Opinions expressed are subject to change without notice, and we are under no obligation to inform clients of such changes.
(g) Clients are advised to carefully assess market risks, including the possibility of partial or permanent capital loss.
(h) There is absolutely no scope for refunding losses incurred from acting on any research report or commentary.
(i) While pro-rata refunds may be considered for subscriptions due to dissatisfaction, these are not tied to investment outcomes.
(j) Kerdoss Trade India, along with its partners, employees, officers, and affiliates, expressly disclaims any liability for loss or damages arising from unintentional errors or omissions in any information or recommendations contained in the research reports.
(k) All reports, including third-party reports, are carefully reviewed prior to dissemination to ensure accuracy and to avoid misleading statements.
(l) A daily closing chart of securities is available at NSE: https://charting.nseindia.com/ and BSE: https://charting.bseindia.com/
(m) The view on securities is based on both technical and fundamental analysis.
(n) Kerdoss Trade India adheres strictly to SEBI (Research Analyst) Regulations, 2014, and does not offer investment advisory or PMS (Portfolio Management Services).
(o) All participants must follow the instructions provided during our group calls. We do not offer any one-on-one investment or trading services, as this is against RA regulations.
(p) Please note that personal queries related to group calls will not be entertained. Members are responsible for their own profits and losses.

Business Activity

Business Activity:
“KERDOSS TRADE INDIA” is engaged in the business of Research Analyst activities by providing Buy/Sell/Hold calls or other ratings defined to their clients.
“KERDOSS TRADE INDIA” is registered as a Research Analyst under SEBI (Research Analyst) Regulations, 2014. SEBI Reg. No. INH000020730

Disciplinary History:
There has been no instance of any Disciplinary action, penalty, etc. levied/passed by any regulation/administrative agencies against “KERDOSS TRADE INDIA: INH000020730” and its Partners and associates.

1. Availing the Research Services

• Kerdoss Trade India (SEBI Reg. No. INH000020730, BSE Enlistment No. 6560) provides research services only. We do not execute trades for any client and do not offer portfolio management or investment advisory services.
• A client is any person who uses our services for personal, non-commercial use and at their own discretion.
• By subscribing to or using our reports, the client accepts our Terms of Use, the SEBI (Research Analysts) Regulations, 2014, the related SEBI and RAASB circulars and documents, including the Investor Charter, the MITC and the SEBI Guidelines for Research Analysts. We provide our services in line with those Regulations.

2. Obligations on Research Analyst and Client

We and the client are both bound by the SEBI Act, the rules and regulations made under it (including the SEBI (Research Analysts) Regulations, 2014), and the notifications of the Government of India, as in force from time to time.

3. Client Information and KYC

• The client must give complete and correct details in our standard form, with supporting documents wherever SEBI or RAASB requires them.
• We collect, store, upload and verify the client’s KYC with the KYC Registration Agency (KRA), as SEBI specifies. Our Privacy Policy explains how this data is used.

4. Standard Terms of Service

Client declaration. The client confirms that:

• they have read these terms, including the fee structure;
• they subscribe for their own benefit and use, and any reliance on our reports is at their own judgement;
• investments based on recommendations carry market risk;
• recommendations do not assure returns; and
• there is no recourse for losses from such investments.

Declarations by the Research Analyst. We confirm that:

• we are registered with SEBI as a Research Analyst under number INH000020730 and enlisted with BSE under number 6560, and we hold the registrations and qualifications SEBI requires, which are valid and current;
• our services do not conflict with any law, rule, contract or property obligation binding on us;
• the fee for individual and HUF clients does not exceed the maximum that SEBI sets (see section 5); and
• our recommendations do not assure or guarantee returns.

5. Consideration and Mode of Payment

• The client pays the agreed fees and any statutory charges, through the modes and mechanisms specified.
• Payment may be made by cheque, online bank transfer, UPI or a similar mode. Cash is not accepted.
• For individual and HUF clients, the fee for all research services is limited to Rs 1,51,000 per year per family, excluding statutory charges. This limit does not apply to non-individual clients or accredited investors.
• Fees may be taken in advance if the client agrees, but not for more than one quarter.

6. Risk Factors

• Investment in securities is subject to market risk. Please read all related documents carefully.
• Losses may be partial or permanent, and past performance does not predict future results.
• SEBI registration, exchange enlistment and NISM certification do not guarantee performance or returns.

“KERDOSS TRADE INDIA: INH000020730”, its partners, employees, officers, and its affiliates are not responsible for any loss or damage that may arise to any person for any nonchalant error in the information represented in the research report or research recommendations.

Investors may lose his/her entire amount or Investments or portfolio under certain market conditions so acting on any advice or recommendations from research reports, Investors should understand their risk appetite or consult their financial advisers.

The research report or Research recommendations do not take into account any specific investment objective, goal, or financial situation or any specific needs and objectives of any specific individual.

The client obtaining the research report or Research recommendations should act according to his/her own risk appetite and financial position and should also understand the risk involved in capital markets while making investments.

7. Conflict of Interest

We follow the SEBI and RAASB rules on disclosing and managing conflicts of interest, and we have internal policies to identify, prevent and manage them. Third-party research we use is reviewed before it is shared.

Disclosures with regard to ownership and material conflicts of interest:

• “KERDOSS TRADE INDIA: INH000020730” or its research analysts or his/her relative or associate don’t have any direct or indirect financial interest in the subject company
• “KERDOSS TRADE INDIA: INH000020730” or its research analysts, or his/her relative or associate, don’t have any other material conflict of interest at the time of publication of the research report.
• “KERDOSS TRADE INDIA: INH000020730” or its research analysts, or his/her relative or associates don’t have actual ownership of 1% or more securities of the subject company
• “KERDOSS TRADE INDIA: INH000020730” or its associates have received any compensation from the subject company in the past twelve months: NO
• “KERDOSS TRADE INDIA: INH000020730” or its associates have managed or co-managed a public offering of securities for the subject in the past twelve months: NO
• “KERDOSS TRADE INDIA: INH000020730” or its associates have received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months: NO
• “KERDOSS TRADE INDIA: INH000020730” or its associates have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months: NO
• “KERDOSS TRADE INDIA: INH000020730” or its associates have received any compensation or other benefits from the subject company or third party in connection with the research report: NO
• The research analyst has not served as an officer, director, and employee of the subject company
• “KERDOSS TRADE INDIA: INH000020730” or its research analyst has been engaged in the market-making activity for the subject company: NO

8. Termination of Service and Refund of Fees

• If the client or we end the service early, the client may ask for a refund for the unexpired period only, as set out in our Refund Policy.
• If our SEBI registration is suspended or cancelled, we will refund the fees for the unexpired period, as SEBI requires.
• Refunds are not made for investment losses.

9. Grievance Redressal and Dispute Resolution

• Please raise any complaint about missing reports, download problems or any other deficiency in our service promptly with our Compliance Officer, Ekta Bagdy, at support@kerdoss.com or +91 93609 15330, Monday to Saturday, 10:00 AM to 5:00 PM. Our Grievance Redressal page has the full steps.
• We handle every grievance in a timely and transparent manner. If the issue remains unresolved after 7 days, or you are not satisfied with our response, you may escalate it to SEBI through SEBI SCORES (scores.sebi.gov.in).
• Disputes may be settled through arbitration or any other mechanism SEBI specifies, including Online Dispute Resolution through SMART ODR (smartodr.in).

10. Additional Clauses

• Voluntary clauses must not go against any SEBI rule, regulation or circular.
• We will not change voluntary clauses or documents without giving the client 15 days’ prior notice.

11. Mandatory Notice

Clients should read the Do’s and Don’ts in SEBI Master Circular SEBI/HO/MIRSD-POD-1/P/CIR/2024/49 dated 21 May 2024, or any later version issued by SEBI.

12. Most Important Terms and Conditions (MITC)

MOST IMPORTANT TERMS AND CONDITIONS (MITC) of Research Analyst (RA)

These terms and conditions, and consent thereon, are for the research services provided by the Research Analyst cannot execute/carry out any trade (purchase/sell transaction) on behalf of the client. Thus, the clients are advised not to permit RA to execute any trade on their behalf.

The fee charged by RA to the client will be subject to the maximum of amount prescribed by SEBI/ Research Analyst Administration and Supervisory Body (RAASB) from time to time (applicable only for Individual and HUF Clients). Note: 2.1. The current fee limit is Rs 1,51,000/- per annum per family of client for all research services of the RA. 2.2. The fee limit does not include statutory charges. 2.3. The fee limits do not apply to a non-individual client / accredited investor.

RA may charge fees in advance if agreed by the client. Such advance shall not exceed the period stipulated by SEBI; presently it is one quarter. In case of pre-mature termination of the RA services by either the client or the RA, the client shall be entitled to seek a refund of proportionate fees only for the unexpired period.

Fees to RA may be paid by the client through any of the specified modes like cheque, online bank transfer, UPI, etc. Cash payment is not allowed. Optionally the client can make payments through Centralized Fee Collection Mechanism – CeFCoM managed by BSE Limited i.e. currently recognized RAASB.

The RA is required to abide by the applicable regulations/ circulars/ directions specified by SEBI and RAASB from time to time in relation to disclosure and mitigation of any actual or potential conflict of interest. The RA will endeavor to promptly inform the client of any conflict of interest that may affect the services being rendered to the client.

Any assured/guaranteed/fixed returns schemes or any other schemes of similar nature are prohibited by law. No scheme of this nature shall be offered to the client by the RA.

The RA cannot guarantee returns, profits, accuracy, or risk-free investments from the use of the RA’s research services. All opinions, projections, estimates of the RA are based on the analysis of available data under certain assumptions as of the date of preparation/publication of research report.

Any investment made based on recommendations in research reports are subject to market risks, and recommendations do not provide any assurance of returns. There is no recourse to claim any losses incurred on the investments made based on the recommendations in the research report. Any reliance placed on the research report provided by the RA shall be as per the client’s own judgement and assessment of the conclusions contained in the research report.

The SEBI registration, Enlistment with RAASB, and NISM certification do not guarantee the performance of the RA or assure any returns to the client.

For any grievances

Step 1: the client should first contact the RA using the details on its website or Email contact details.
Step 2: If the resolution is unsatisfactory, the client can also lodge grievances through SEBI’s SCORES platform at www.scores.sebi.gov.in
Step 3: The client may also consider the Online Dispute Resolution (ODR) through the Smart ODR portal at https://smartodr.in

Clients are required to keep contact details, including email id and mobile number/s updated with the RA at all times.

The RA shall never ask for the client’s login credentials and OTPs for the client’s Trading Account Demat Account and Bank Account. Never share such information with anyone including RA.

13. Optional Centralised Fee Collection Mechanism (CeFCoM)

Centralized Fee Collection Mechanism (CeFCoM): This initiative by SEBI aims to ensure that investor payments are securely directed to legitimate SEBI-registered advisors rather than elsewhere.

a. It enables investors to track all payments made to SEBI-registered advisors.
Investors can request a link for the Centralized Fee Collection Mechanism (CeFCoM) from registered Research Analysts and can make payments using various methods.