Your rights as our client.
SEBI requires every registered Research Analyst to publish this charter. It sets out what you can expect from us, what we expect from you, and how to raise a complaint.
SEBI Registered Research Analyst
Registration No: INH000028723 · Validity: Perpetual (enlisted 03 Jul 2026) · BSE RAASB Enlistment No: 7338
Registered under SEBI (Research Analysts) Regulations, 2014. Verify at sebi.gov.in
What you are entitled to.
Right to fair research
You have the right to receive research based on objective, independent analysis — free from conflicts of interest that have not been disclosed to you.
Right to disclosure
You have the right to be informed of our SEBI registration details, fees, methodology, rating definitions and any personal interest our analyst holds in securities covered.
Right to suitability information
Our research notes carry risk disclosures so you can assess suitability for your own situation. We do not provide personalised investment advice.
Right to grievance redressal
You have the right to lodge a complaint and receive a written resolution not later than 21 days of receipt. Unresolved complaints can be escalated to SEBI SCORES 2.0 or the Smart ODR portal.
Right to access records
You may request copies of research reports you have received or paid for within the applicable retention period.
Right to accessible services
You have the right to services that are accessible, including for differently-abled investors. Our website targets WCAG 2.1 AA accessibility — see our Accessibility Statement, and write to grievance@desvelado.in if any content is not accessible to you.
What we commit to you.
Independence & objectivity
Our research analyst maintains independence from the companies and securities covered. Ratings and views are based solely on analysis, not commercial relationships.
Full fee disclosure
Fees are disclosed before any subscription is activated. We do not charge fees exceeding the limit prescribed by SEBI for individual/HUF clients (₹1,51,000 per annum).
Conflict disclosure
Any personal holding or business interest in covered securities is disclosed in each research report and on our Disclosures page.
Methodology transparency
Rating definitions (Buy / Add / Hold / Reduce / Sell) and price-target methodology are published and consistent across all reports.
No guaranteed returns
We never promise or imply assured returns. All investing involves risk including loss of principal. Past performance is not indicative of future results.
Record maintenance
We maintain all client records and research reports for the period prescribed under SEBI (Research Analysts) Regulations, 2014.
Dos & Don'ts.
Do
- Read all disclosures, disclaimers and risk factors in each research report before acting.
- Verify our SEBI RA registration number on the SEBI website before subscribing.
- Assess whether our research is suitable for your financial situation and risk appetite.
- Keep your contact details updated so you receive all important communications.
- Report any grievance promptly using the process on our Grievance page.
- Use our research as one input among many — consult a SEBI-registered investment adviser for personalised advice.
Don't
- Do not act on research without reading the full report and all attached disclosures.
- Do not assume research reports are personalised investment advice tailored to your circumstances.
- Do not pay any fee not mentioned in our published fee schedule.
- Do not share your subscription credentials with others.
- Do not rely on unofficial communications purporting to be from Desvelado — always verify via hello@desvelado.in.
How to raise a grievance.
We take every complaint seriously. Here is the escalation path:
Contact us directly
Email grievance@desvelado.in or use the form on our Grievance page. We aim to resolve within 21 days.
SEBI SCORES portal
If unresolved in 21 days, register a complaint at scores.sebi.gov.in.
Online Dispute Resolution (ODR)
For arbitration and conciliation, use the SEBI ODR portal at smartodr.in.
This Investor Charter is issued pursuant to SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/81 dated 02 June 2025 (which supersedes the circular dated 13 December 2021 and amends the Master Circular for Research Analysts) and the SEBI (Research Analysts) Regulations, 2014. It will be reviewed and updated annually or upon any regulatory change. Last reviewed: July 2026. For queries: hello@desvelado.in