1. Subscription Plans and Fees
In adherence to SEBI regulations, all fees are charged openly and uniformly. There are no hidden fees, tiered markups, or discriminatory pricing.
| Plan Name | Duration | Fee (excl. GST) | GST @ 18% | Total Payable | What's Included |
|---|---|---|---|---|---|
| 8848 Research — Annual Membership | 12 Months | ₹49,999.00 | ₹8,999.82 | ₹58,998.82 | Model portfolio with weightages; investment notes on recommended stocks; access to the members' area. |
Advance Fee Limits: Fees are charged in advance for the plan period selected. In line with SEBI rules, 8848 Research does not collect fees for more than one year in advance.
Regulatory Fee Cap: The maximum fee that may be charged to an individual or HUF client is ₹1,51,000 per annum per family of client for all research services of the RA, excluding statutory charges. 8848 Research's plan is priced well within this limit. The cap does not apply to non-individual clients or accredited investors.
Fair & Reasonable Pricing: Fees are identical for every client on the same plan; no discounts, gifts, or limited-period incentives are offered to induce subscription (SEBI Advertisement Code).
Tax Invoice: A GST invoice is issued automatically on payment to the registered email address.
2. Authorized Payment Modes
Payment Gateway on 8848invest.com (Razorpay): UPI, debit/credit cards, net banking, wallets. Settlement is made to the bank account of Lokhandwala Raj Zahir / 8848 Research — never to any third party.
Optional Centralised Fee Collection Mechanism (CeFCoM): Operated by BSE Limited, as encouraged by SEBI. Details provided on request at admin@8848invest.com.
Strict Cash Ban: Cash is never accepted under any circumstance. Never pay anyone claiming to represent 8848 Research into any personal account; verify at admin@8848invest.com.
3. Cancellation and Pro-Rata Refund Policy
A subscriber may cancel at any time by email to admin@8848invest.com from their registered email address, or from the account page in the members' area.
On cancellation, the proportionate fee for the unexpired period of the subscription is refunded. The refund is calculated pro-rata on a daily basis from the date the cancellation request is received to the end of the paid period. No breakage, processing, or cancellation fee is charged.
GST on the refunded portion is credited along with it, as permitted by tax rules; a credit note is issued. Refunds are processed within 7 business days of the request to the original payment instrument through the payment gateway. Bank processing may take a further 5–7 business days.
If the RA's SEBI registration is suspended for more than 60 days or cancelled, all subscriptions are terminated and fees for the period from the effective date of suspension/cancellation to the end of the subscription period are refunded pro-rata without any request from the client.
If 8848 Research discontinues the research service for any other reason, fees for the unexpired period are refunded in full. Refunds are not available for the period already elapsed, and no refunds are granted on account of investment losses.
Breach of the non-redistribution/sharing clause in the Terms & Conditions results in loss of access; the refund of the unexpired period in such a case is governed by SEBI rules in force at that time.
4. Non-Auto-Renewal & Billing Support
Subscriptions do not auto-renew. A renewal reminder is sent 15 days before expiry; the subscriber re-consents to current terms upon renewal.
Billing Support: admin@8848invest.com · +91 97277 36063 · 2nd Floor, AR Plaza, Ravapar Road, Morbi, Gujarat. 363641.