Disciplined equity and options research.

Investor Charter for Research Analyst

A. Vision and Mission Statement 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:
  • Sharing of terms and conditions of research services
  • Completing KYC of fee paying clients.
• Disclosure to Clients:
  • 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
  • To disclose the extent of use of Artificial Intelligence tools in providing research services
  • 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
  • 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.

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

2. 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, including the 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, including the 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:
  • Always deal with SEBI registered Research Analyst.
  • Ensure that the Research Analyst has a valid registration certificate.
  • Check for SEBI registration number.
    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
  • Always pay attention towards disclosures made in the research reports before investing.
  • Pay your Research Analyst through banking channels only and maintain duly signed receipts mentioning the details of your payments.
  • 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)
  • Before buying/selling securities or applying in public offer, check for the research recommendation provided by your Research Analyst.
  • Ask all relevant questions and clear your doubts with your Research Analyst before acting on recommendation.
  • Seek clarifications and guidance on research recommendations from your Research Analyst, especially if it involves complex and high risk financial products and services.
  • 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.
  • Always be aware that you have the right to provide feedback to your Research Analyst in respect of the services received.
  • Always be aware that you will not be bound by any clause, prescribed by the research analyst, which is contravening any regulatory provisions.
  • Inform SEBI about Research Analyst offering assured or guaranteed returns.
• Don'ts:
  • Do not provide funds for investment to the Research Analyst.
  • Don’t fall prey to luring advertisements or market rumors.
  • Do not get attracted to limited period discount or other incentive, gifts, etc. offered by Research Analyst.
  • Do not share login credential and password of your trading, demat or bank accounts with the Research Analyst.

Click below to access all research reports:

📊 Open Research Reports

Redressal of Grievance

Client's queries / complaints may arise due to lack of understanding or a deficiency of service experienced by clients. Deficiency of service may include lack of explanation, clarifications, understanding which escalates into shortfalls in the expected delivery standards, either due to inadequacy of facilities available or through the attitude of staff towards client.

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 the Client Servicing Team on wealthconsultant.ra@gmail.com. Alternatively, the Investor may call on +91-8648006600.

A letter may also be written with their query/complaint and posted at the below mentioned address: House No 414 Ward no 15, Moti Colony Palwal, FARIDABAD, HARYANA, 121102.

Clients can write to Ankit Gupta @ ankitgupta251290@gmail.com if the Investor does not receive a response within 7 business days of writing to the Client Servicing Team. The client can expect a reply within 7 business days of approaching Research Analyst.

We aim to resolve all grievances within 21 working days from the date of receipt.

If your grievance is not resolved within this timeframe, you can escalate it to SEBI's SCORES Platform (SEBI Complaints Redress System).
SCORES Portal: https://scores.sebi.gov.in

In case you are unsatisfied with the resolution provided through our support or the SCORES platform, you can access the Online Dispute Resolution (ODR) Portal.
ODR Portal: https://smartodr.in

Complaint Data

Data for the Month: May 2026

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

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

^ 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

* 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

* Inclusive of complaints of previous years resolved in the current year.

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

Note: In April 2025, two complaints were received from an individual who was not our client. The complaints were filed mistakenly due to a name similarity and were accordingly closed within 24 hours after due clarification.

Code of Conduct for Research Analyst

Ankit Gupta Proprietor of Wealth Consultant (Sole Proprietor) is a SEBI Registered Research Analyst vide Registration Number INH100007231 dated July 09, 2019. Ankit Gupta is an Individual Registered Research Analyst.

In accordance to Regulation 24 (2) of the SEBI (Research Analyst) Regulations, 2014, I shall maintain the following Code of Conduct:

1. Honesty and Good Faith

I shall act honestly and in good faith.

2. Diligence

I shall act with due skill, care and diligence and shall ensure that the research report is prepared after thorough analysis.

3. Conflict of Interest

I shall effectively address conflict of interest which may affect the impartiality of research analysis and research report and shall make appropriate disclosures to address the same.

4. Insider Trading or front running

I shall not engage in insider trading or front running of my own research report or stock recommendations.

5. Confidentiality

I shall maintain confidentiality of report till the report is made public.

6. Professional Standard

I am engaged in research analysis and shall observe high professional standard while preparing research report or analyzing subject companies for stock recommendations.

7. Compliance

I shall comply with all regulatory requirements applicable to the conduct of its business activities.

8. Responsibility of senior management

I shall bear primary responsibility of senior management for ensuring the maintenance of appropriate standards of conduct and adherence to proper procedures.

Disclosures

1. About the Research Analyst:

Ankit Gupta Proprietor of Wealth Consultant (Sole Proprietor) is an Individual Research Analyst having its office at House No 414 Ward No 15, Moti Colony Palwal, Faridabad, Haryana, 121102.

Ankit Gupta Proprietor of Wealth Consultant (Sole Proprietor) is registered with SEBI as an Individual vide Registration number INH100007231 on July 09, 2019, pursuant to which it provides Research Analyst services to its clients.

2. Details of Business activities:

Mr. Ankit Gupta provides research recommendations based on both fundamental and technical analysis. He provide research calls on Telegram/WhatsApp, Any subscribers can join paid services by pay the amount for that subscription plan.

3. Terms and Conditions on which Research Report is being issued:

Ankit Gupta has exercised due diligence in checking the correctness and authenticity of the information contained herein, so far as it relates to current and historical information, but does not guarantee its accuracy or completeness. The opinions expressed are based on our current research as of the date appearing in the material and may be subject to change from time to time without notice.

Ankit Gupta does not accept any liability arising from the use of this document or the information contained herein. The recipients of this material should rely on their own judgment and take their own professional advice before acting on this information.

Ankit Gupta shall not be in any way responsible for any loss or damage that may arise to any person/s from any inadvertent error in the information contained, views and opinions expressed in this publication.

4. Disciplinary History:

There are no disciplinary actions resulting in suspension or cancellation of registration against the Research Analyst as on date. A regulatory matter/proceeding is currently under appeal before the Hon’ble SAT.

5. Ankit Gupta or its associates, including relatives-

• do not hold any financial interest in the Company.
• do not have any actual/beneficial ownership of more than 1% in the company.
• do not have any other material conflict of interest.

6. Affiliations and brokerage

Ankit Gupta or its associates are not affiliated with any other intermediaries or have received any brokerage or commission from any third party.

7. Compensation from covered companies

Ankit Gupta or its associates have not received any compensation from the Company covered by Research Analyst during the past twelve months.

8. Public offering management

Ankit Gupta or its associates have not managed or co-managed public offering of securities of the Company during the past twelve months.

9. Company employment or market making

Ankit Gupta or its associates has not served as an officer, director or employee of the Company and has not been engaged in the market making activity of the Company.

10. Source reliability and investor evaluation

Ankit Gupta have ensured that the facts mentioned in the research report are taken from the reliable source and information. However, the investors are advised to independently evaluate the market conditions/ risks involved before making the investment decision.

Derivatives trading involves significant risk and may not be suitable for all investors. Investors should understand the product, margin requirements, mark-to-market losses, liquidity risk, volatility risk and the possibility of losing more than the amount initially invested.

• Equity futures and options are leveraged products and can result in substantial losses.
• Prices of derivatives can move sharply due to volatility in the underlying securities or indices.
• Margin requirements may change and additional funds may be required at short notice.
• Options can expire worthless and time decay can affect option premium.
• Stop loss does not guarantee complete protection in fast moving or illiquid markets.
• Research recommendations are for informational or education purpose only; trading decisions remain the investor's responsibility.

Disclaimer

• Ankit Gupta Proprietor of Wealth Consultant (Sole Proprietor) is registered with SEBI as Individual Research Analyst vide Registration number INH100007231 on July 09, 2019 pursuant to which it provides Research Analyst services to its clients.
• Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
• Registration granted by SEBI and certification from NISM is no way guarantee performance of the intermediary or provide any assurance of returns to investors.
• Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that I consider reliable. I, however does not vouch for the consistency or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred due to it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.
• I do Research & analysis only and provide recommendations based on it. I do not execute trades on behalf of Clients, hold Clients' funds, or provide any assured returns.
• I do 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 and suitability to risk return profile before investing.
• All investments or trading carry market risk. Past performance, if any, is not indicative of future returns, and I does not assure or promise any specific gain or outcome.
• The information and views in this website & all the services that I provide are believed to be reliable, but I do not accept any responsibility or liability for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.
• I or any other person related to me might be holding positions in the stocks recommended.
• The research recommendations are provided to all our clients who are entitled to receive the research reports. Any Client, 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 through any medium which is received directly or indirectly by them. If found so, then serious legal actions can be taken.
• I am not engaged in Managing of fund, Portfolio management or Investment Advisory services.
• I ensure that the individuals employed as research analyst are separate from other employees who are performing sales trading, dealing or any other activity that may affect the independence of our research report/recommendations.
• I also ensure that if a client wants an opinion on a specific position, such suggestion/view under any circumstances shall be considered as an opinion (not advice). I am not liable for any losses whatsoever the client may incur in accepting this opinion.
• I do not have any association in any manner with any issuer of products/securities; this ensures that there are no actual or potential conflicts of interest. This also ensures that objectivity or independence in the carrying on research services is not compromised.
• I am not affiliated with any other intermediaries or receive any brokerage or commission from any third party.
• I do not provide any Services on Profit Sharing basis.
• By accessing https://wealthconsultant.in/ or any of its associate/group sites, you have read, understood and agree to be legally bound by the terms of the disclaimer and user agreement.
• I had taken due care and caution in compilation of data for its website. I also advise users to check with other certified experts before taking any investment decision. However, I do not guarantee the consistency, adequacy or completeness of any information and is not responsible for errors or omissions or results obtained from use of such information. I do hereby especially state that it has no financial liability whatsoever to any user on account of the use of information provided on its website.
• I am not responsible for any errors, omissions or representations on any of our pages or on any links on any of our pages.
• The information on this website is updated from time to time. I, however exclude any warranties whether expressed or implied, as to the quality, consistency, efficacy, completeness, performance, fitness or any of the contents of the Website, including (but not limited) to any comments, feedback and advertisements contained within the Site.
• There are risks associated with utilizing internet-based information and research dissemination services. Services can fail due to hardware, software, and internet connection issues. Delivery of messages to mobile phone, desktop, tablet or laptop is the responsibility of the customer's mobile network/internet connection/wifi.
• The messages may be delayed and/or not delivered owing to technical reasons, and Ankit Gupta cannot be held responsible for the same.
• Stock trading is inherently risky, and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make.
• "Wealth Consultant" is a brand name only registered under a SEBI-registered Research Analyst. We are not engaged in portfolio management or personalized investment advisory services.
• We provide only SEBI-compliant research services, and all information shared is intended for educational and informational purposes only. Investors should make investment decisions at their own risk and discretion.
• Unlike an actual performance record, simulated results do not represent actual trading. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
• You, and not me, assume the entire cost and risk of any trading you choose to undertake. You are solely responsible for making your own investment decisions. If you choose to engage in transactions with or without seeking advice from a licensed and qualified financial advisor or entity, then such decision and any consequences flowing there from are your sole responsibility. I or any employees are in no way liable for the use of the information by others in investing or trading in investment vehicles.
• I encourage all investors to use the services as a resource to further their own research on all featured companies, stocks, sectors, markets and information presented on the site.
• I or my employees take no responsibility for the veracity, validity and correctness of the expert recommendations or other information or research. Although I do attempt to research thoroughly on information provided herein, there are no guarantees in consistency. The information presented on the site has been gathered from various sources believed to be providing correct information. I and/or employees are not responsible for errors, or inaccuracies, if any, in the content provided on the site.
• I have the license to provide research recommendations as a research analyst. Your use of this and all information contained on this website is governed by these Terms and Conditions of Use.
• You should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments.
• By visiting the website https://wealthconsultant.in/, as a visitor and/or as a subscriber, surfing and reading the information on the website is the acceptance of this disclaimer and all other terms and conditions.
• All research, analysis, and recommendations shared through WhatsApp group or broadcasts, Telegram channels, or any other public platforms are provided solely for educational and informational purposes and should not be considered as investment advice.
• Everything posted on social media including Twitter, Facebook, instagram, Telegram and YouTube channel is for education /informational / illustration purposes and should not be counted as recommendations or investment advice.
• I do hereby expressly disclaims any implied warranties imputed by the laws of any jurisdiction. I consider ourselves and intend to be subject to the jurisdiction only of the courts of Haryana(Palwal) in India. If you don’t agree with any of our disclaimers above, please do not read the material on any of our pages. Although access to users outside India is not denied, Ankit Gupta shall have no legal liabilities whatsoever in any laws of any jurisdiction other than India. I also reserve the right to make changes to our site and these disclaimers, terms, and conditions at any time.

Social Media Disclaimers

1. Any matter displayed in this content are purely for Knowledge purpose and shall not be treated as an advice or opinion of any kind. Neither Ankit Gupta nor the marketing agents related to the firm shall be held liable/responsible in any manner whatsoever for any losses the viewers may incur due to acting upon this content.
2. Investment in securities market is subject to market risks. Read all the related documents carefully before investing.
3. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
4. Any opinion on a specific position, such suggestion/view under any circumstances shall not be considered as an advice. We are not liable for any losses whatsoever the client may incur in accepting this opinion.
5. Ankit Gupta does not make any representation, warranty or guarantee as to the accuracy, completeness or timeliness of the information (including news, prices, statistics, analysis and the like) provided through this platform. In no event shall we be liable to any person for any decision made or action taken in reliance upon the information provided by us.
6. The securities quoted are for informational or educational purpose only and are not recommendatory.

Short Website Disclaimer

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

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

The information and views in this report are believed to be reliable, but Wealth Consultant does not accept any responsibility or liability arising from use of this report. The report is for information and educational purpose only and should not be construed as an offer or solicitation for purchase or sale of any security.

• Wealth Consultant does not provide any guarantee or assurance of returns.
• Past performance is not indicative of future results.
• Investors should make independent decisions and consult their financial advisor before investing.
• Wealth Consultant and its proprietor shall not be liable for losses suffered by investors based on this information.

Refund Policy

Last Updated: May 23, 2025

Wealth Consultant is committed to providing research recommendation services with transparency and fairness in compliance with applicable SEBI (Research Analysts) Regulations and circulars issued from time to time.

Before subscribing to any research service, clients are advised to carefully read all disclosures, disclaimers, terms & conditions and refund policies.

1. Scope of Refund Policy

This policy applies to all paid research services offered by Wealth Consultant, including but not limited to:

• Research recommendation services
• Research reports
• Subscription-based research services
• Educational webinars or learning sessions
• Model portfolio related research services

Investments in securities markets are subject to market risks and no assured returns or guaranteed profits are promised.

2. Eligibility for Refunds

• Duplicate Payment: In case multiple payments are made for the same service, excess amount paid will be refunded.
• Non-Delivery of Service: If subscribed services are not delivered due to reasons attributable to us, eligible refunds may be considered.
• Technical Issues: Refunds may be considered if persistent technical issues prevent access to the service despite reasonable support efforts.
• Regulatory Restrictions: Refunds for the unutilized period may be processed if services are discontinued due to regulatory reasons.
• CeFCoM Related Refunds: Where applicable, refunds shall be processed as per SEBI prescribed CeFCoM guidelines.
• Premature Termination: If you or Ankit Gupta terminates the service before the subscription period expires, you are entitled to a pro-rata refund for the unutilized full months.

3. Non-Refundable Scenarios

• Dissatisfaction arising from market performance or investment outcomes.
• Services already accessed, utilized or consumed.
• Partial Month usage during subscription period.
• Requests made after expiry of applicable refund period.
• Violation of terms and conditions by client.
• Force majeure events or disruptions beyond reasonable control.
• Educational or recorded digital content once access is granted.
• Losses incurred due to market volatility or trading decisions.

4. Refund Request Process

To request a refund, clients may send an email with:

• Full Name
• Registered Mobile Number
• Service Details
• Transaction Reference / Payment Proof
• Reason for Refund Request

Email: wealthconsultant.ra@gmail.com

For premature termination, provide written notice at least 10 working days prior.

We will review within 5 working days and process approved refunds within 10 working days (or 30 days for CeFCoM) to the original payment method.

5. Grievance Redressal

Grievance Officer: Ankit Gupta

Email: ankitgupta251290@gmail.com

Phone: +91-8648006600

Escalate to SEBI SCORES: https://scores.sebi.gov.in

6. Policy Updates

We reserves the right to modify or update this Refund Policy at any time without prior notice. Updated versions shall be published on the website with the “Last Updated” date.

As mandated by SEBI, all fee payments must be made through verified electronic modes only.

• Cash payment is strictly not allowed as per SEBI regulations.
• Accepted modes: Cheque, Online Bank Transfer, UPI, NEFT/RTGS.
• Optional: Centralised Fee Collection Mechanism (CeFCoM) via BSE Limited (RAASB).