Agreement and acceptance

By using this website and its services, users agree to abide by all terms established by the owner, Arvind Maruti Desai, Proprietor of Samarth Trade. These terms are binding for all clients and visitors.

Eligibility and service coverage

• a.Clients must be at least 18 years old.
• b.Services are limited to financial offerings, focusing mainly on stock market research and recommendations.

Intellectual property and use

All content and intellectual property on this site are owned by the owner and cannot be redistributed or reproduced without explicit written consent.

Client obligations and registration

Clients are required to provide accurate information during registration, and must maintain the confidentiality of their login and payment details.

Payment terms and refunds

• a.Clients agree to pay the specified fees for services, as outlined at the time of purchase.
• b.Refunds are available on a pro-rata basis for unused services. Services already utilised are non-refundable.
• c.Full details are set out in our refund policy.

Research service terms

We are committed to providing reliable and accurate research reports and recommendations to registered clients. Each report undergoes a thorough review by the research analyst before distribution, to ensure correctness and prevent misleading statements.

Research report terms and conditions

• a.The recommendations provided in a 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 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.Arvind Maruti Desai, Proprietor of Samarth Trade, along with associates 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 charting.nseindia.com and charting.bseindia.com.
• m.The view on securities is based on both technical and fundamental analysis.
• n.We adhere strictly to the SEBI (Research Analysts) Regulations, 2014, and do not offer investment advisory or 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 research analyst regulations.
• p.Personal queries related to group calls will not be entertained. Members are responsible for their own profits and losses.

Copyright and confidentiality

• i.Research reports are issued for personal use only.
• ii.No part of a report may be reproduced, redistributed or published without written authorisation from Arvind Maruti Desai, Proprietor of Samarth Trade.

Analyst opinions and the basis of recommendations

• 1.Independent opinions. The views presented in a report reflect the honest and independent opinions of the analyst on the subject securities, based on technical and fundamental analysis.
• 2.Compensation. The analyst’s compensation is not affected by the opinions or recommendations made in a report.
• 3.Basis of recommendations. Recommendations are grounded in publicly available information believed to be reliable and accurate at the time of publication.
• 4.Investment horizon. Unless specified otherwise, recommendations are designed for a 12-month investment period.
• 5.Interpretation of ratings. Ratings are based on absolute returns, positive or negative, and should be understood in that context.
• 6.Market fluctuations. Security prices may vary due to market volatility or company-specific events, leading to significant fluctuations in returns over time.
• 7.Rating revisions. We reserve the right to update or retract ratings based on revaluation, market changes, or lack of clarity.
• 8.Change of opinions. Opinions expressed may change without prior notice, and we are not obligated to notify clients of such updates.
• 9.Market risks. Clients are encouraged to thoroughly evaluate market risks, including the potential for partial or total capital loss.
• 10.Third-party reports. Third-party research reports, where used, are reviewed to ensure that no untrue statements of material fact or misleading information are included.

KYC requirement

This requirement is in accordance with the SEBI (Research Analysts) Regulations, 2014, and is aimed at protecting investor interests.

Any inaccuracies or discrepancies in retrieving KYC from the KRA agency will result in immediate termination of research services, and removal from the group without prior notice.

Read the relevant SEBI circulars

Other business activities

• 1.Research activities are managed independently from all other business operations, in accordance with the SEBI (Research Analysts) Regulations.
• 2.Third-party products, educational services and consultancy activities are conducted separately from research analyst business operations.
• 3.Fees collected from these independently managed businesses are not considered fees for research services, and do not count towards the SEBI fee cap for research services.

Indemnification and liability

Users agree to indemnify the owner against losses or legal claims that may arise from their use or misuse of this website, or any violation of these terms.

Cancellations and modifications

The owner reserves the right to terminate or modify these terms at any time. Clients are responsible for staying informed of any updates, which are published on this page.