Most Important Terms & Conditions (MITC)

Dhanay Research is registered with SEBI as a Research Analyst (Registration No. INH000030551). Your subscription entitles you to research services only — research reports and Buy / Sell / Hold recommendations for the plan you choose.

• We do not execute trades, handle your funds or securities, or operate your trading account.
• We do not provide portfolio management or personalised investment advisory services.
• No employee or associate is authorised to promise assured or guaranteed returns on our behalf.

Fees are as published on our plans page and are payable in advance for the chosen billing period. For individual and HUF clients, fees are subject to the maximum limit prescribed by SEBI for Research Analysts per annum per family of clients.

• Pay only through our official website, verified bank transfer, payment gateway or validated UPI handles.
• Never pay in cash, and never pay into the personal account of any individual.
• Always retain your payment receipt and invoice.

Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Past performance is not indicative of future results.

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

We are required to maintain client records, including KYC details, for every paid subscriber. You agree to provide accurate information at onboarding and keep it updated during the term of your subscription.

We disclose in every research report whether we, or our associates, have any financial interest or actual/beneficial ownership in the subject securities, and any other material conflict of interest as required by the SEBI (Research Analysts) Regulations, 2014.

• All investment decisions — and their outcomes — are solely yours. Recommendations are opinions, not directions.
• Assess every recommendation against your own risk appetite, financial goals and time horizon.
• For personalised financial planning, consult a SEBI-registered Investment Adviser.

Either party may end the subscription as per the service terms. Cancellations and refunds are governed by our refund policy, read with the terms & conditions.

Complaints can be raised with us at [email protected], escalated to SEBI through SCORES (scores.sebi.gov.in), and thereafter to the SMART ODR portal (smartodr.in). The full process is described on our grievance redressal page, and complaint statistics are published monthly on the complaint table.