Investor Charter and Complaint Data in respect of Research Analyst (RA)

Investors can read this Investor Charter for SEBI guidelines, setting expectations and complaints redressal.

SEBI Annexure- AInvestor Charter in respect of Research Analyst (RA)

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.

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

  • Onboarding of Clients.
  • Disclosure to Clients
    • 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.

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

In case of any grievance / complaint, an investor should approach the concerned research analyst and shall ensure that the grievance is resolved within 30 days.

If the investor’s complaint is not redressed satisfactorily, one may lodge a complaint with SEBI on SEBI’s SCORES portal which is a centralized web based complaints redressal system. SEBI takes up the complaints registered via SCORES with the concerned intermediary for timely redressal. SCORES facilitates tracking the status of the complaint. Lodge your grievance with SEBI at http://scores.gov.in or you may also write to any of the offices of SEBI. SCORES may be accessed thorough SCORES mobile application as well, same can be downloaded from below link: https://play.google.com/store/apps/details?id=com.ionicframework.sebi236330

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. Expectations from the investors (Responsibilities of investors).

  • Do’s
    1. Always deal with SEBI registered Research Analyst.
    2. Ensure that the Research Analyst has a valid registration certificate.
    3. Check for SEBI registration number.
    4. Please refer to the list of all SEBI registered Research Analysts which is available on SEBI website in the following link: (https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=14)
    5. Always pay attention towards disclosures made in the research reports before investing.
    6. Pay your Research Analyst through banking channels only and maintain duly signed receipts mentioning the details of your payments.
    7. Before buying securities or applying in public offer, check for the research recommendation provided by your research Analyst.
    8. Ask all relevant questions and clear your doubts with your Research Analyst before acting on the recommendation.
    9. Inform SEBI about Research Analyst offering assured or guaranteed returns.
  • Dont’s
  1. Do not provide funds for investment to the Research Analyst.
  2. Don’t fall prey to luring advertisements or market rumours.
  3. Do not get attracted to limited period discount or other incentive, gifts, etc. offered by Research Analyst.
  4. Do not share login credentials and password of your trading and demat accounts with the Research Analyst

SEBI Annexure-B Complaint Data to be displayed by RAs

Formats for investors complaints data to be disclosed monthly by RAs on their website:

Data for the month ending – Dec 2020

Sr. No .Received fromPending at the end of last monthReceivedResolved*Total Pending#Pending complaints > 3monthsAverage Resolution time^ (in days)
1Directly from Investors00000n.a.
2SEBI (SCORES)00000n.a.
3Other Sources (if any)00000n.a.
 Grand Total00000 

^ Average Resolution time is the sum total of time taken to resolve each complaint in days, in the current month divided by total number of complaints resolved in the current month.

Trend of monthly disposal of complaints

Sr. No.MonthCarried forward from previous monthReceivedResolved*Pending#
1Oct, 20200000
2Nov, 20200000
3Dec 20200000
 Grand Total    

* Inclusive of complaints of previous months resolved in the current month.

# Inclusive of complaints pending as on the last day of the month.

Trend of annual disposal of complaints

SNYearCarried forward from previous yearReceivedResolved*Pending#
12018-190000
22019-200000
32020-210000
 Grand Total0000

*Inclusive of complaints of previous years resolved in the current year. #Inclusive of complaints pending as on the last day of the year.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s