Disclosure As Per Securities And Exchange Board Of India (Research Analysts) Regulations, 2014

Disclosures/Disclaimer

SEBI LICENSE/REGISTRATION HOLDER “VARUN BHARGAV PROPRIETOR OF PROFIT X RESEARCH” SEBI REGISTERED RESEARCH ANALYST NO. INH000014508.BSE Enlistment number 5998

“Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 

Information present in the material prepared by the company and on the website of the company shall not be considered as a recommendation or solicitation of an investment. Investors are responsible for their investment decisions and are responsible to validate all the information used to make the investment decision. Investor should understand that his/her investment decision is based on personal investment needs and risk tolerance, and information present in the material prepared by the company and on the website of the company is one among many other things that should be considered while making an investment decision.

 Investments in securities market are subject to market risks. Read all the related documents carefully before investing. 

 Registration granted by SEBI and Enlistment with RAASB/BSE and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

 The investor is requested to take into consideration all the risk factors before actually trading in derivative contracts.

 We and our associates, officers, directors, and employees, Research Analyst (including relatives) worldwide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company (ies) forming part of the products or reports created by the company or (b) may have other potential/material conflict of interest with respect to any company(ies) in various products or reports created by the company. Any such positions of conflict of interest will be appropriately disclosed and dealt with in accordance with applicable law. [to be modified depending upon actual circumstances]

 The Company does not provide any promise or assurance of favourable view for a particular industry or sector or business group in any manner. The investor is requested to take into consideration all the risk factors including their financial condition, suitability to risk return profile and take professional advice before investing.

 The analysts for various products or reports created by the company certify that all of the information /material therein accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to company(ies) in various products or reports created by the company. No part of this material may be duplicated in any form and/or redistributed without the prior written consent of the Company.

 Contact Details:

Support Telephone: <9516598552>

Support Email: profitxresearch@gmail.com or

<varunonlinecu1985@gmail.com>

 Compliance Office Details:Name: <VARUN BHARGAV>Email: Compliance.profitxresearch@gmail.com < varunonlinecu1985@gmail.com>Contact:<+919516598552>Grievance Office Details:Name: <VARUN BHARGAV>Email: profitxresearch@gmail.com

Or   < varunonlinecu1985@gmail.com>

Contact: <+91- 9516598552>

                             Investor Charter

​

ANNEXURE A

INVESTOR CHARTER IN RESPECT OF RAs

A. Vision and Mission Statements for investors

  • Vision
    Invest with knowledge & safety.
  • Mission
    Every investor should be able to invest in right investment products based on their needs, manage and monitor them to meet their goals, access reports and enjoy financial wellness.

B. Details of business transacted by the Research Analyst with respect to the investors

  • To publish research report based on the research activities of the RA
  • To provide an independent unbiased view on securities.
  • To offer unbiased recommendation, disclosing the financial interests in recommended securities.
  • To provide research recommendation, based on analysis of publicly available information and known observations.
  • To conduct audit annually
  • To ensure that all advertisements are in adherence to the provisions of the Advertisement Code for Research Analysts.
  • To maintain records of interactions, with all clients including prospective clients (prior to onboarding), where any conversation related to the research services has taken place.

C. Details of services provided to investors (No Indicative Timelines)

  • Onboarding of Clients
    o Sharing of terms and conditions of research services
    o Completing KYC of fee paying clients
  • Disclosure to Clients:
    o To disclose, information that is material for the client to make an informed decision, including details of its business activity, disciplinary history, the terms and conditions of research services, details of associates, risks and conflicts of interest, if any
    o To disclose the extent of use of Artificial Intelligence tools in providing research services
    o To disclose, while distributing a third party research report, any material conflict of interest of such third party research provider or provide web address that directs a recipient to the relevant disclosures
    o To disclose any conflict of interest of the activities of providing research services with other activities of the research analyst.
  • To distribute research reports and recommendations to the clients without discrimination.
  • To maintain confidentiality w.r.t publication of the research report until made available in the public domain.
  • To respect data privacy rights of clients and take measures to protect unauthorized use of their confidential information
  • To disclose the timelines for the services provided by the research analyst to clients and ensure adherence to the said timelines
  • To provide clear guidance and adequate caution notice to clients when providing recommendations for dealing in complex and high-risk financial products/services
  • To treat all clients with honesty and integrity
  • To ensure confidentiality of information shared by clients unless such information is required to be provided in furtherance of discharging legal obligations or a client has provided specific consent to share such information.

D. Details of grievance redressal mechanism and how to access it

  1. Investor can lodge complaint/grievance against Research Analyst in the following ways:
  • Mode of filing the complaint with research analyst
    In case of any grievance / complaint, an investor may approach the concerned Research Analyst who shall strive to redress the grievance immediately, but not later than 21 days of the receipt of the grievance.
  • Mode of filing the complaint on SCORES or with Research Analyst Administration and Supervisory Body (RAASB) i. SCORES 2.0 (a web based centralized grievance redressal system of SEBI for facilitating effective grievance redressal in time-bound manner)
    https://scores.sebi.gov.in Two level review for complaint/grievance against Research Analyst:
    • First review done by designated body (RAASB)
    • Second review done by SEBI
  • ii. Email to designated email ID of RAASB
  1. If the Investor is not satisfied with the resolution provided by the Market Participants, then the Investor has the option to file the complaint/ grievance on SMARTODR platform for its resolution through online conciliation or arbitration.

With regard to physical complaints, investors may send their complaints to:

Office of Investor Assistance and Education,
Securities and Exchange Board of India,
SEBI Bhavan, Plot No. C4-A, ‘G’ Block,
Bandra-Kurla Complex, Bandra (E),
Mumbai – 400 051

E. Rights of investors

  • Right to Privacy and Confidentiality
  • Right to Transparent Practices
  • Right to fair and Equitable Treatment
  • Right to Adequate Information
  • Right to Initial and Continuing Disclosure
    • Right to receive information about all the statutory and regulatory disclosures
  • Right to Fair & True Advertisement
  • Right to Awareness about Service Parameters and Turnaround Times
  • Right to be informed of the timelines for each service
  • Right to be Heard and Satisfactory Grievance Redressal
  • Right to have timely redressal
  • Right to Exit from Financial product or service in accordance with the terms and conditions agreed with the research analyst
  • Right to receive clear guidance and caution notice when dealing in Complex and High-Risk Financial Products and Services
  • Additional Rights to vulnerable consumers
    • Right to get access to services in a suitable manner even if differently abled
  • Right to provide feedback on the financial products and services used
  • Right against coercive, unfair, and one-sided clauses in financial agreements

F. Expectations from the investors (Responsibilities of investors)

Do’s

i. Always deal with SEBI registered Research Analyst.
ii. Ensure that the Research Analyst has a valid registration certificate.
iii. Check for SEBI registration number.
Please refer to the list of all SEBI registered Research Analyst which is available on SEBI website in the following link:
https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=14

iv. Always pay attention towards disclosures made in the research reports before investing.
v. Pay your Research Analyst through banking channels only and maintain duly signed receipts mentioning the details of your payments. You may make payment of fees through Centralized Fee Collection Mechanism (CeFCoM) of RAASB if research analyst has opted for the mechanism. (Applicable for fee paying clients only)
vi. Before buying/ selling securities or applying in public offer, check for the research recommendation provided by your Research Analyst.
vii. Ask all relevant questions and clear your doubts with your Research Analyst before acting on recommendation.
viii. Seek clarifications and guidance on research recommendations from your Research Analyst, especially if it involves complex and high risk financial products and services.
ix. Always be aware that you have the right to stop availing the service of a Research Analyst as per the terms of service agreed between you and your Research Analyst.
x. Always be aware that you have the right to provide feedback to your Research Analyst in respect of the services received.
xi. Always be aware that you will not be bound by any clause, prescribed by the research analyst, which is contravening any regulatory provisions.
xii. Inform SEBI about Research Analyst offering assured or guaranteed returns.

Don’ts

i. Do not provide funds for investment to the Research Analyst.
ii. Don’t fall prey to luring advertisements or market rumors.
iii. Do not get attracted to limited period discount or other incentive, gifts, etc. offered by Research Analyst.
iv. Do not share login credential and password of your trading, demat or bank accounts with the Research Analyst.

​

For the Status of Complaints, please click here.(Score portal Link on website ) SCORES Website:  

https://scores.sebi.gov.in

SMART ODR LINK on website. SMART ODR Portal: https://smartodr.in/login

Annexure – B

Complaint Data to be displayed by RAs 

Formats for investors complaints data to be disclosed monthly by RAs on them,website/mobile application:–

GRIEVANCE REDRESSAL PROCESS · Clients can seek clarification to their query and are further entitled to make a complaint in writing, orally, or telephonically. An email may be sent to varunonlinecu1985@gmail.com · Alternatively, the Investor may call on +919516598552 · A letter may also be written with their query/complaint and posted at the below-mentioned address: ________. A 230 balaji paradise Vidisha MP 464001 india· The client can expect a reply within 21 days of approaching the Research Analyst. · In case the client is not satisfied with our response they can lodge a grievance with SEBI at https://scores.sebi.gov.in/

or may also write to the office of SEBI. · After exhausting the above options for resolution of the grievance, if the investor/client is still not satisfied with the outcome, they can initiate dispute resolution through the ODR Portal. · For more details about the ODR mechanism, fees, timelines, etc., you may read the master circular released by SEBI titled: “Online Resolution of Disputes in the Indian Securities Market” available at the following link: https://www.sebi.gov.in/legal/master-circulars/aug-2023/online_resolution-of-disputes-in-the-indian-securities-market_75220.html Details of Compliance Officer: · Name: VARUN BHARGAV · Contact No: 9516598552 · Email- compliance.profitxresearch@gmail.com or varunonlinecu1985@gmail.com,DISCLOSURE -The purpose of the document is to provide essential information about the Research Services in a manner to assists and enables the prospective client/client to make an informed decision for engaging in Research services before onboarding.

History, Present Business, and Background

SEBI LICENSE/REGISTRATION HOLDER “VARUN BHARGAV PROPRIETOR OF PROFIT X RESEARCH” SEBI REGISTERED RESEARCH ANALYST NO. INH000014508.

 The Research Analyst was registered on ,16 January 2024, and is engaged in offering research and recommendation services.

Terms and Conditions of Research Services

 The Research Services will be limited to providing independent research recommendations and shall not be involved in any advisory or portfolio allocation services.

The Research Analyst never guarantees the returns on the recommendation provided. Investor shall take note that Investment/trading in stocks/Index or other securities is always subject to market risk.

Past performance is never a guarantee of the same future results. The Research Analyst shall not be responsible for any loss to the Investors.

Disciplinary history

There are no pending material litigation or legal proceedings against the Research Analyst. As of date, no penalties/directions have been issued by SEBI under the SEBI Act or Regulations made there against the Research Analyst relating to Research Analyst services.

Details of its associates

 No associates

Disclosures with respect to Research and Recommendations Services

· The Research Analyst or any of its officers/employees does not trade in securities that are the subject matter of recommendation

. · There are no actual or potential conflicts of interest arising from any connection to or association with any issuer of products/ securities, including any material information or facts that might compromise  its objectivity or independence in the carrying on of Research Analyst services. Such conflicts of interest shall be disclosed to the client as and when they arise.

· Research Analyst or its employees or its associates have not received any compensation from the company which is subject matter of recommendation.

· Research Analyst or its employee or its associates have not managed or co-managed the public offering of any company.

· Research Analyst or its employee or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company.

 · Research Analyst or its employee or its associates have not received any compensation for products or services other than above from the subject company.

· Research Analyst or its employee or its associates have not received any compensation or other benefits from the Subject Company or 3rd party in connection with the research report/ recommendation.

· The subject company was not a client of the Research Analyst or its employee or its associates during the twelve months preceding the date of recommendation As a business, we offer stock recommendations based on technical/fundamental research ONLY to our subscribers.

We have not authorized any organization or firm to represent us and offer stock recommendations on our behalf. As a business, we DO NOT offer or involved in any direct or indirect execution services. Our services are limited to providing research based trading signals services provided.

Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Reports or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken

· Research Analysts its employees or its associates have not served as an officer, directors, or employees of the subject company.· Research Analysts have not been engaged in the market-making activity of the subject company.

 Standard Warning “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.””

Disclaimer-The securities quoted are for illustration only and are not recommendatory”

 Disclaimer “Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the Research Analyst or provide any assurance of returns to investors

The Research Analyst never guarantees the returns on the recommendation provided. Investor shall take note that Investment/trading in stocks/Index or other securities is always subject to market risk.

Past performance is never a guarantee of the same future results. The Research Analyst shall not be responsible for any loss to the Investors.

SEBI LICENSE/REGISTRATION HOLDER “VARUN BHARGAV PROPRIETOR OF PROFIT X RESEARCH” SEBI REGISTERED RESEARCH ANALYST NO. INH000014508.

SEBI Disclosures  and Disclaimer  – RESEARCH REPORTS/RECOMMENDATION AND PUBLIC Appearance

Personal financial interests in securities-NO

Ownership Interest – NO

 Financial interest of Associates /firm-NO

Receipt of compensation-NO

and other potential conflicts of interest-NO

We submit that no material disciplinary action has been taken on me by any regulatory authority impacting Equity Research activities.

Detailed Disclosures-

## Checklist -Disclosures in Research Reports and Public Appearances

#### Ownership and Material Conflicts of Interest Disclosures

1. [ ] **Financial Interest Disclosure:**  =NO

   – Disclose any financial interest the Research Analyst, their associate, or relative has in the subject company, including the nature of such interest.

2. [ ] **Ownership Disclosure:**  =NO

   – Disclose whether the Research Analyst, their associates, or relatives have actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the publication of the research report or the date of the public appearance.

3. [ ] **Other Material Conflicts of Interest:** =NO

   – Disclose any other material conflict of interest of the Research Analyst, their associate, or relative at the time of publication of the research report or at the time of public appearance.

#### Receipt of Compensation Disclosures

4. [ ] **Compensation from Subject Company:**= NO

   – Disclose whether the Research Analyst or their associates have received any compensation from the subject company in the past 12 months.

5. [ ] **Management or Co-management of Public Offerings:**= NO

   – Disclose whether the Research Analyst or their associates have managed or co-managed the public offering of securities for the subject company in the past 12 months.

6. [ ] **Compensation for Investment Banking or Other Services:**= NO

   – Disclose whether the Research Analyst or their associates have received any compensation for investment banking, merchant banking, or brokerage services from the subject company in the past 12 months.

7. [ ] **Compensation for Non-Investment Banking Services:**= NO

   – Disclose whether the Research Analyst or their associates have received any compensation for products or services other than investment banking, merchant banking, or brokerage services from the subject company in the past 12 months.

8. [ ] **Compensation or Benefits from Third Parties:**= NO

   – Disclose whether the Research Analyst or their associates have received any compensation or other benefits from the subject company or third party in connection with the research report.

#### Additional Required Disclosures

9. [ ] **Past 12 Months Compensation:**= NO

   – Reiterate whether the Research Analyst or their associates have received any compensation from the subject company in the past 12 months.

10. [ ] **Client Relationship Disclosure:**= NO

    – Disclose whether the subject company was a client during the 12 months preceding the distribution of the research report and the types of services provided.

11. [ ] **Position within Subject Company:**= NO

    – Disclose whether the Research Analyst has served as an officer, director, or employee of the subject company.

12. [ ] **Market Making Activities:**= NO

    – Disclose whether the Research Analyst has been engaged in market-making activity for the subject company.

13. [ ] **SEBI-Specified Disclosures:**= NO

    – Include any other disclosures as specified by SEBI under any other regulations.

We submit that no material disciplinary action has been taken on me by any regulatory authority impacting Equity Research activities.

14. SEBI RISK DISCLOSURES ON DERIVATIVES

9 out of 10 individual traders in equity Futures and Options Segment incurred net losses.

On an average, loss makers registered net trading loss close to ₹50,000.

Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.

Those making net trading profits incurred between 15% to 50% of such profits as transaction cost.

AI Tools Use Disclosure

I, Varun Bhargav, Proprietor of Profit X Research, hereby clarify and declare that we do not use any Artificial Intelligence (AI) tools or automated systems for research report preparation, stock analysis, recommendations, or any services provided by Profit X Research. All research and analysis are conducted through independent human expertise and professional judgment.

In case of any occasional or minimal use of AI tools for general information processing or content drafting (non-research related), such usage does not influence or form the basis of our research or client recommendations.

This disclosure is made in compliance with regulatory guidelines and for full transparency.

Our research and analysis activities are conducted strictly through human expertise, manual research processes, and conventional analytical methodologies, fully complying with SEBI regulations.

Additional Disclosures

OUR LOGO-

TRADE NAME / BRAND NAME / TRADE MARK- PROFIT X RESEARCH™️ (www.profitxresearch.com)

Name of the SEBI Registered Research Analyst:

“VARUN BHARGAV PROPRIETOR OF PROFIT X RESEARCH”

Type of Registration: Individual

SEBI Registered Research Analyst Number: INH000014508

Validity of Registration: 16th January 2024 -Perpetual

Complete Registered Address: A 230 Balaji Paradise, Vidisha (BHOPAL) Madhya Pradesh, 464001, India

Mobile Number: +91-9329587840/9516598552

Particulars of the Compliance and Grievance Officer: Name: Varun Bhargav

  • Contact No.: +91-9329587840/9516598552
  • E-mail address: profitxresearch@gmail.com or info@profitxresearch.com

Definitions of Terms Used

Buy – Buy means that the stock recommended to be bought either at Market or at price or within price band mentioned in the recommendation. Stock to be bought at Market or Current Market price (CMP) must be bought immediately or near the closing time of market at closing price. Stock with limit price order or where buying price or price band is mentioned, such stock can be bought at the price or within the price band mentioned.
Sell / Target – Sell or target price is the price at which stock must be sold. For Stocks which have reached to their target price or trading above target price must be sold upon reaching the target price or price band mentioned.
Hold – Hold means that a stock may be held and no exit is required. Hold recommendation is given if stock has not achieved its mentioned target or hit the mentioned stop loss price. Hold recommendation can also be given in case if research analyst is of opinion that even after reaching the target price, the stock may go beyond target price due to change in circumstances.
Stop loss price – Stop loss is a price at which the stock must be exited or sold due to adverse situation or market move contrary to recommendation. When the stop loss price is reached, stock can be exited immediately or near the close of trading session at price which is near the closing price. Second scenario is mentioned given the fact that some times the stop loss price is reached due to intra day volatility of market but it recovers towards the end of session showing the strength of stock & in such case stock can be held. This mechanism helps the Investor from a wrong exit/ pre mature exit from stock. It must be noted, however, that if the stock is trading below/at stop loss near the closing trading time, then it must be exited.

Registered Office Address-

“VARUN BHARGAV PROPRIETOR OF PROFIT X RESEARCH” SEBI REGISTERED RESEARCH ANALYST NO. INH000014508

A 230 BALAJI PARADISE VIDISHA MP (PIN 464001)

Mobile +91-9516598552  (WhatsApp)   Email –  Profitxresearch@gmail.com, Info@Profitxresearch.com

Disclaimer-

Standard Warning “Investment in the securities market are subject to market risks. Read all the related documents carefully before investing.””

 Disclaimer “Registration granted by SEBI, ENLISTMENT WITH BSE and certification from NISM in no way guarantee the performance of the Research Analyst or provide any assurance of returns to investors,

Disclaimer-The securities quoted are for illustration only and are not recommendatory”

Disclaimer- Past performance is not indicative of future results.

Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. The price, value of and income from any of the securities or financial instruments mentioned in this report can fall as well as rise.

Disclaimer-I/we are a SEBI Research Analyst, NOT an investment adviser ,Content on this website(www.profitxresearch.com) OR on any social /digital/offline /online platforms/Apps is provided for information purpose only. The content displayed on the website or on any social /digital/offline /online platforms/apps does not constitute a personal recommendation or any investment advice or take into account the particular investment objective, financial situation or need of individual/groups. PROFIT X RESEARCH accepts no liability and will not be liable for any loss or damage arising directly of indirectly (including special, incidental or consequential loss or damage) arising from any use of any information on this website. or on any social /digital/offline /online platforms/Apps whatsoever.

Disclaimer

1. Non-Advisory Nature: The information and content presented are provided for general informational purposes only and should not be construed as professional financial or investment advice.

2. Educational Content: The content is meant for educational and knowledge-sharing purposes only.    Call Us for Sales /feedback/Support/Mentorship /Research Services +91-9516598552

Terms and conditions/MITC

1 PXR services is valid according to plan mentioned on website. please refer website for plan details

2 we shall provide 0-X numbers of buy/sell/hold or stay away calls based on technical and fundamental research during validity period on Need basis ( frequency of calls based on our Research and not based on customer demand or request or bias)

3 The fees paid towards any services/reports/mentorship or any services etc are non refundable in any condition.

4 Investors / Traders are advised to act according to their risk appetite , we are not providing investment advisory services. We are providing research analyst services.

5. All Buy/sell/hold or stay away call updates will be received through WhatsApp or/and SMS or/and email or/and Telegram when provided.

SEBI-Investor-CharterDownload

TERMS CONDITIONS/MITC

MITC PROFIT X RESEARCHDownload

​https://profitxresearch.com/social-media-policy/

Grievance Redressal / Escalation Matrix

SEBI RISK DISCLOSURES ON DERIVATIVES

9 out of 10 individual traders in equity Futures and Options Segment incurred net losses.

On an average, loss makers registered net trading loss close to ₹50,000.

Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.

Those making net trading profits incurred between 15% to 50% of such profits as transaction cost.

https://www.sebi.gov.in/reports-and-statistics/research/jan-2023/study-analysis-of-profit-and-loss-of-individual-traders-dealing-in-equity-fando-segment_67525.html

Please read Investor Charter Terms & conditions, MITC, disclosures/disclaimers, privacy policy, refund policy, Individual code of conduct, Internal policy & control and SEBI RISK DISCLOSURES ON DERIVATIVES carefully For more information visit to www.profitxresearch.com

Registered Office Address- “VARUN BHARGAV PROPRIETOR OF PROFIT X RESEARCH” SEBI REGISTERED RESEARCH ANALYST NO. INH000014508 BSE ENLISTMENT NUMBER 5998 FULL ADDRESS A 230 BALAJI PARADISE VIDISHA (BHOPAL) (MP) (PIN 464001) Mobile +91-9516598552 (WhatsApp+919329587840) Email – Profitxresearch@gmail.com www.profitxresearch.com

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