Request Letter for availing Fundamental, Trading Technical and Derivatives
‘Subscriber’ is the one who has subscribed to the Research Reports in
various forms including Research Recommendations, Research SMS
Alerts/Calls, Fundamental and Technical Research calls, Investment
Strategist – Magazine, Research/market news etc through Kotak Securities
Limited. Subscriber may or may not be client of Kotak Securities Limited (KSL)
TERMS AND CONDITIONS
(KSL) will, at its discretion, provide its company research reports/news,
results, and event updates/sector report/monthly commentary/regular
compendium, trading call, technical and derivatives reports (together “the
reports”) as also market news to subscribers either in the form of a
written market commentary or research report sent in e-mail, fax form, SMS
or through postal or courier service. A brief extract of the reports may
also be sent, on enrolment, in SMS, e-mail or fax form.
reports are for the general information of the subscribers of KSL. They
do not constitute a personal recommendation.
information published in the reports constitute a solicitation or offer
to buy or sell any investment instruments, to effect any transactions,
or to conclude any legal act of any kind whatsoever and the risk of loss
on the basis of information published in the reports can be substantial.
The reports may not be intended for any subscriber in particular and
unless specifically stated, the reports would be general in nature and
not specifically aimed at any particular subscriber. Subscribers should,
therefore, carefully consider whether such trading is suitable for them
in light of their circumstances and financial resources.
information published and opinions expressed are provided by KSL for
personal use and for informational purposes only and are subject to
change without notice. KSL makes no representation (either express or
implied) that the information and opinions expressed in the reports will
be accurate, complete or up to date. Subscribers should obtain advice
from a qualified expert before making any trading decision. The stated
price of any securities mentioned in the reports will be as of the date
indicated and is not a representation that any transaction can be
effected at this price. Neither KSL nor other persons shall be liable
for any direct, indirect, special, incidental, consequential, punitive
or exemplary damages, including lost profits arising in any way from the
information contained in the reports.
exercise due diligence in checking the correctness and authenticity of
the information contained in the reports but KSL or any of its
affiliates or directors or officers or employees shall not be in any way
responsible for any loss or damage that may arise to any person from any
inadvertent error in the information contained in the reports or any
action taken on basis of the reports. Price and value of the securities
forming part of TTD Reports may go up or down. Past performance is not a
guide for future performance.
use brand names for all or any of the reports. Such names would
represent the brand and not the nature or feature of the reports.
technical and derivatives report (TTD) reports will include commentary
on derivatives trading, technical analysis and limited review of stocks
and may not be based on comprehensive or fundamental of the stocks.
two independent equity research groups: Institutional Equities Research
Group and Private Subscriber Group. The designated Private Subscriber
Group teams are responsible for the preparation of reports based on
fundamental evaluation of companies and also reports based on technical
analysis, short term indicators and indicators on the derivatives
market. The views and opinions expressed in these Reports i.e
Fundamental or TTD may or may not match or may be contrary with the
views, estimates, rating, target price, of reports of the Institutional
Equities Research Group and Private Subscriber Group dealing in TTD
Research and Fundamental Research respectively. Further, there may be a
contrary view within the TTD Reports with regard to estimates, rating,
target price as evaluation are based on different criteria.
contents of the reports cannot be copied, reproduced, republished,
uploaded, posted, transmitted or distributed for any non-personal use
without obtaining prior permission from KSL.
proprietary trading and investment businesses of the Kotak Group may
make investment decisions that are inconsistent with the views expressed
in the reports.
its affiliates, officers, directors, and employees worldwide may: (a)
from time to time, have long or short positions in, and buy or sell the
securities thereof, of company (ies) mentioned in the reports or (b) be
engaged in any other transaction involving such securities and earn
brokerage or other compensation or act as a market maker in the
financial instruments of the company (ies) mentioned in the reports or
act as advisor or lender borrower to such company (ies) or have other
potential conflict of interest with respect to any view and related
information and opinions mentioned in the reports.
reserves the option to provide all or any of the reports and the right
to suspend or vary the whole or any part of the same for any reason, at
any time at its sole discretion.
Subscribers who enroll for SMS/ e-mail/ fax delivery of brief extract of
the reports are required to read the full reports.
not guarantee completeness, error, delay, interruption or timeliness or
delivery in whole or in part of any of the reports or their extracts.
The same is provided on an “as-is” and “as-available” basis.
the derivatives segment or in the capital market segment using technical
charts or short term indicators (trading calls) is a high risk area and
requires skill, experience and knowledge of the capital markets. Certain
transactions -including those involving futures, options and other
derivatives as well as non-investment grade securities - involve
substantial risk and are not suitable for all subscribers. STOP LOSS
ORDERS help limit loss but even placing contingent orders, such as
"stop-loss" or "stop-limit" orders, will not necessarily limit losses to
the intended amounts, and it is important that only a small portion of
corpus is allocated to such trading. Leverage can lead to large losses
as well as gains. Investor may sustain a total loss of the initial
margin funds and any additional funds that is deposited with us to
establish or maintain a position, and may incur losses beyond initial
Subscriber should check with their service providers/ operator for
charges, if any for SMS.
I /We have understood and accept the terms, conditions and risks set forth
above. Further, I/We acknowledge and agree that KSL is not making any
personal recommendation to me/us and will not be responsible for any
profit/loss arising of trade decisions taken by me.
Kotak Securities Limited is a corporate trading and clearing member of Bombay Stock Exchange Limited (BSE), National Stock Exchange of India Limited (NSE), Metropolitan Stock Exchange of India Limited (MSEI), United Stock Exchange of India Limited (USEIL). Kotak Securities Limited is also a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).Kotak Securities Limited is also registered with Insurance Regulatory and Development Authority as Corporate Agent for Kotak Mahindra Old Mutual Life Insurance Limited and is also a Mutual Fund Advisor registered with Association of Mutual Funds in India (AMFI). We are registered as a Research Analyst under SEBI (Research Analyst)Regulations, 2014. We or our associates may have received compensation from the subject company(ies) in the past 12 months. Subject company(ies) may have been client during twelve months preceding the date of distribution of the research report.
We or our associates may have received compensation for investment banking or merchant banking or brokerage services from the subject company(ies) in the past 12 months. We or our associates may have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company(ies) in the past 12 months. We or our associates have not received any compensation or other benefits from the subject company(ies) or third party in connection with the research report.
Research Analyst or his/her relatives may have financial interest(s) in company(s).
We or our Associates have financial interests in the following companies:
Ashok Leyland, Axis Bank, ICICI, IDFC, Grasim, IRB, Adani Port, Allcargo, Gujarat Pipavav Port, Oil India, Petronet LNG, Infosys, TCS, Dish TV, Lupin, Cadila.
Research Analyst or his/her relatives financial interest in the subject company(ies) may have actual/beneficial ownership of 1% or more securities of the subject company(ies) at the end of the month immediately preceding the date of public appearance:No.
We or our associates may have actual/beneficial ownership of 1% or more securities of the subject company(ies) at the end of the month immediately preceding the date of public appearance:No.
We, our associates, Research analyst and his/her relatives may have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of Research Report or at the time of public appearance.
Kotak Securities Limited. Registered Office: 27 BKC, C 27, G Block, Bandra
Kurla Complex, Bandra (E), Mumbai 400051. CIN: U99999MH1994PLC134051,
Telephone No.: +22 43360000, Fax No.: +22 67132430. Website: www.kotak.com.
Correspondence Address: Infinity IT Park, Bldg. No 21, Opp. Film City
Road, A K Vaidya Marg, Malad (East), Mumbai 400097. Telephone No:
42856825. SEBI Registration No: NSE INB/INF/INE 230808130, BSE INB
010808153/INF 011133230, MSEI INE 260808130/INB
260808135/INF 260808135, AMFI ARN 0164, PMS INP000000258 and Research Analyst INH000000586. NSDL: IN-DP-NSDL-
23-97. CDSL: IN-DP-CDSL-158-2001. Compliance Officer Details:Mr. Manoj Agarwal. Call: 022 - 4285 6825, or Email: firstname.lastname@example.org . In
case you require any clarification or have any concern, kindly write to us
at below email ids:
Level 1: For Trading related queries, contact our customer service at
‘email@example.com’ and for demat account related queries
contact us at firstname.lastname@example.org or call us on: Online Customers –
30305757 (by using your city STD code as a prefix) or Toll free numbers
18002099191 / 1800222299, Offline Customers – 18002099292
Level 2: If you do not receive a satisfactory response at Level 1 within 3
working days, you may write to us at email@example.com or call us on
022 – 4285 8445 and if you feel you are still unheard, write to our
customer service HOD at firstname.lastname@example.org or call us on 022-4285
Level 3: If you still have not received a satisfactory response at Level 2
within 3 working days, you may contact our Compliance Officer (Name:Mr. Manoj Agarwal) at email@example.com or call on 91- (022) 4285
Level 4: If you have not received a satisfactory response at Level 3
within 7 working days, you may also approach CEO (Mr. Kamlesh Rao) at
firstname.lastname@example.org or call on 91-(022) 6652 9160.
Our research should not be considered as an advertisement or advice,
professional or otherwise. The investor is requested to take into
consideration all the risk factors including their financial condition,
suitability to risk return profile and the like and take professional
advice before investing. Investments in securities are subject to market
risk; please read the SEBI prescribed Combined Risk Disclosure Document
prior to investing. Derivatives are a sophisticated investment device. The
investor is requested to take into consideration all the risk factors
before actually trading in derivative contracts.