Most Important Terms & Conditions.
- Yogeshwar VashishthaSEBI RA · INH000027168
SEBI requires every Research Analyst to put these twelve terms in front of a client before a research service begins. They are short on purpose. Please read all of them.
- The Most Important Terms and Conditions (MITC) standardised for all Research Analysts under SEBI circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/20 of 17 February 2025, and carried into SEBI’s Master Circular for Research Analysts.
- His research services: the Investors Portfolio, and the research components of the Membership — the research reports, portfolio recommendations, trading recommendations and the weekly market watchlist. They do not apply to Yogeshwar Financial Markets Mastery Program taken on its own, which is education.
- The MITC is presented to you when you subscribe to a research service. Your consent is recorded with a timestamp and kept as a regulatory record.
- In the text below, “RA” means Yogeshwar Vashishtha, SEBI Registered Research Analyst, Registration No. INH000027168 — an individual.
The numbered text is reproduced from the prescribed MITC. The short labels above each clause, and the notes marked , are his own additions for clarity and are not part of the prescribed text. The teaching side of his work is governed by the Terms of Service, which apply alongside this page.
These terms and conditions, and consent thereon are for the research services provided by the Research Analyst (RA) and RA cannot execute/carry out any trade (purchase/sell transaction) on behalf of the client. Thus, the clients are advised not to permit RA to execute any trade on their behalf.
He does not place orders, hold a power of attorney or operate anyone’s account. Every order is placed by you, with your own broker.
The fee charged by RA to the client will be subject to the maximum of amount prescribed by SEBI / Research Analyst Administration and Supervisory Body (RAASB) from time to time (applicable only for Individual and HUF Clients).
The current fee limit is Rs 1,51,000/- per annum per family of client for all research services of the RA.
The fee limit does not include statutory charges.
The fee limits do not apply to a non-individual client / accredited investor.
The fee is ₹25,000 / year + GST for the Membership, which carries the Investors Portfolio together with Yogeshwar Financial Markets Mastery Program, an education programme, and the other research published to members. The portfolio is not sold on its own. The fee is within the limit of ₹1,51,000 a year.
RA may charge fees in advance if agreed by the client. Such advance shall not exceed the period stipulated by SEBI; presently it is one year. In case of pre-mature termination of the RA services by either the client or the RA, the client shall be entitled to seek refund of proportionate fees only for unexpired period.
The Investors Portfolio and the Membership, which includes it, are each billed for one year at a time. Nothing renews by itself.
If a research service is terminated before the paid period ends — by you or by him — you are entitled to a refund of the fee in proportion to the unexpired part of that period, as SEBI's Most Important Terms and Conditions require.
Fees to RA may be paid by the client through any of the specified modes like cheque, online bank transfer, UPI, etc. Cash payment is not allowed. Optionally the client can make payments through Centralized Fee Collection Mechanism (CeFCoM) managed by BSE Limited (i.e. currently recognized RAASB).
Fees are paid only through the payment method offered on this site at enrollment, or another mode SEBI permits such as bank transfer or UPI. Cash is not accepted.
The RA is required to abide by the applicable regulations / circulars / directions specified by SEBI and RAASB from time to time in relation to disclosure and mitigation of any actual or potential conflict of interest. The RA will endeavor to promptly inform the client of any conflict of interest that may affect the services being rendered to the client.
The Regulations require each research report to carry his disclosures, including any financial interest in a security it discusses. Look for them in the report itself.
Any assured / guaranteed / fixed returns schemes or any other schemes of similar nature are prohibited by law. No scheme of this nature shall be offered to the client by the RA.
The RA cannot guarantee returns, profits, accuracy, or risk-free investments from the use of the RA's research services. All opinions, projections, estimates of the RA are based on the analysis of available data under certain assumptions as of the date of preparation / publication of research report.
Any investment made based on recommendations in research reports are subject to market risks, and recommendations do not provide any assurance of returns. There is no recourse to claim any losses incurred on the investments made based on the recommendations in the research report. Any reliance placed on the research report provided by the RA shall be as per the client's own judgement and assessment of the conclusions contained in the research report.
The SEBI registration, Enlistment with RAASB, and NISM certification do not guarantee the performance of the RA or assure any returns to the client.
For any grievances,
the client should first contact the RA using the details on its website or following contact details: Grievance officer — Yogeshwar Vashishtha
Email — contact@yogeshwarvashishtha.in
Phone — +91 9022330009
Procedure — Grievance RedressalIf the resolution is unsatisfactory, the client can also lodge grievances through SEBI’s SCORES platform at scores.sebi.gov.inThe client may also consider the Online Dispute Resolution (ODR) through the Smart ODR portal at https://smartodr.inClients are required to keep contact details, including email id and mobile number/s updated with the RA at all times.
The RA shall never ask for the client's login credentials and OTPs for the client's Trading Account, Demat Account and Bank Account. Never share such information with anyone including RA.
He will never ask for these. If anyone claiming to act for him does, do not share them, and write to contact@yogeshwarvashishtha.in.
Read alongside
- SEBI Registration & Disclosures — who is registered, as what, and what that does not mean.
- Investor Charter — your rights as a client of a research analyst.
- Risk Disclosure — what can go wrong in securities markets.
- Terms of Service — the fee schedule, enrollment, renewals and refunds.
Questions about these terms
Ask before you subscribe, not after. Yogeshwar Vashishtha answers these himself.