Most Important Terms and Conditions (MITC)

Standardised MITC Disclosures

1. No Trade Execution: These terms and conditions, and consent thereon, are for the research services provided by the Research Analyst (RA), and the RA cannot execute or carry out any trade (purchase/sell transaction) on behalf of the client. Thus, you are strictly advised not to permit the RA to execute any trade on your behalf.
2. Regulatory Fee Cap: The fee charged by the RA to the client will be subject to the maximum amount prescribed by SEBI / Research Analyst Administration and Supervisory Body (RAASB) from time to time (applicable only for individual and HUF clients). The current regulatory fee limit is ₹1,51,000 per annum per family of client for all research services of the RA.
3. Exclusion of Statutory Charges: The fee limit does not include statutory charges (such as GST @ 18%).
4. Institutional / Accredited Exemption: The fee limits do not apply to a non-individual client or accredited investor.
5. Advance Fee Collection Limits: The 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 year.
6. Pro-Rata Refund on Pre-Mature Termination: In case of pre-mature termination of the RA services by either the client or the RA, the client shall be entitled to a refund of proportionate fees only for the unexpired period. No breakage or cancellation penalty will be applied.
7. Payment Modes & Prohibition of Cash: Fees to the RA may be paid by the client through any of the specified banking modes (UPI, cards, net banking via the payment gateway on 8848invest.com) — and never in cash. Optionally, the client can make payments through the Centralised Fee Collection Mechanism (CeFCoM) managed by BSE Limited.
8. Mandatory KYC & Prior Consent: The RA is required to abide by the RA Regulations and circulars issued thereunder, and ensure that research services are rendered only after obtaining client consent to the terms and conditions and after completing KYC verification.
9. Own Consumption, Market Risk & No Recourse: The research services are provided for the client's own consumption; any reliance placed on the research report shall be as per the client's own judgement and assessment of the conclusions contained in the research report. Investments in securities are subject to market risks; recommendations do not provide any assurance of returns; and there is no recourse to claim any losses incurred on investments made based on the recommendations.
10. No Guarantee of Performance: The SEBI registration (INH000025452), enlistment with RAASB (7001), and NISM certification do not guarantee performance of the RA or assure any returns to the client.
11. Three-Step Grievance Escalation:
    • Step 1: The client should first contact the RA using the details on the Regulatory Disclosures page (admin@8848invest.com, +91 97277 36063). The RA shall resolve the grievance within 7 business days.
    • Step 2: If the resolution is unsatisfactory, the client can lodge grievances through SEBI's SCORES platform at scores.sebi.gov.in or through RAASB (BSE).
    • Step 3: The client may also consider Online Dispute Resolution (ODR) through the SMART ODR portal at smartodr.in.
12. Up-to-Date Contact Information: Clients are required to keep contact details, including email ID and mobile number, updated with the RA at all times.
13. Never Share Passwords or OTPs: The RA shall never ask for the client's login credentials and OTPs for the trading account, demat account, or bank account. Never share such confidential credentials with anyone, including the RA.