Risk Disclosure

Indra Kamal Tiwari - Research Analyst (hereinafter referred as "Indrakamal.com") shall not be liable for any misrepresentation, falsification, and deception or for any lack of availability of services through the website, even if the same are advertised for, on the website.

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In compliance to SEBI (Research Analysts) Regulation 2014, all our Research Analysts are certified by the National Institute of Securities Market (NISM) with an experience of more than 5000 Hours and it's still adding.

Indrakamal.com categorically states that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by Indrakamal.com), will be profitable or equal any historical performance level(s).

Indrakamal.com is not liable for use of research report through channels such as Advisory Mandi, Investing etc. where research reports are published without any consideration from the investors. Indrakamal.com reiterates that, while investing, your capital is always at risk. Please invest, responsibly and before deciding to trade on any recommendations, please undertake risk profile assessment on our website.

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The service offered to any customer depends on his/her Risk Profile Management. Indrakamal.com offers only those services to the customers which are either of the same risk categories or less. In all the other cases, Indrakamal.com offers no services and the subscription fee is returned.

The website contains features of the services that are currently being offered by Indrakamal.com and those intended to be offered in the future. Indrakamal.com intends to launch the services, confirming with the features listed on the website in total, however, due to business need and regulatory requirement the final launch may contain variables. Notwithstanding anything contained in the website regarding the services, Indrakamal.com may decide to postpone the offering of the services or may even decide to withdraw the offering or even a currently offered service altogether.

Any alliances, partnership co-branding that we have do not guarantee or assure free gifts, profit etc. These partnerships are meant for providing additional benefits to our subscribers during festive season or special occasions while they are subscribing our services. These offers by no means designed or presented to lure our prospects towards subscribing our services.

Indrakamal.com reserves the right to modify/ alter/ change the content of its website. Clients are advised to update themselves from time to time.

Investments in securities are subject to market risks, which include price fluctuation risk. There is no assurance or guarantee that the objectives of any of the products mentioned in this document or on this site will be achieved.

As a business, we offer stock recommendations based on technical 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 execution services. Our services are limited to providing research based trading signals.

Research data and reports published/ emailed/ text messaged/ transmitted through mobile application/s, by Indrakamal.com or those recommendation or offers or opinions concerning securities or public offer which are expressed as and during the course of "Public Appearance" are for informational purposes only. The reports are provided for assistance and are not intended to be and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this report/ analysis/ call. Though disseminated to clients simultaneously, not all clients may receive the reports at the same time.

Analyst or any person related to Indrakamal.com may or may not be holding positions in the stocks recommended.

Annual Compliance Audit Disclosure

Disclosure with respect to compliance with Annual compliance audit requirement under Regulation 19(3) of SECURITIES AND EXCHANGE BOARD OF INDIA (RESEARCH ANALYSTS) REGULATIONS, 2014 for the following financial years are as under: