Compliance
Investor Charter for Research Analysts
Circular No.: SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/81 – Jun 02, 2025
Grievance Redressal Process
Grievance Redressal Process
-
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 at finspiin2024@gmail.com
-
Alternatively, the Investor may call us on +919916161755 / +91 9916177955
-
A letter may also be written with their query/complaint and posted at the below mentioned registered address : Vinay Bhurat, 3-6-131/1, Flat no. 101, Srinivasa Towers, Street no.18, Himayathnagar, Hyderabad - 500029.
-
The client can expect a reply within 21 days of approaching to the Research Analyst.
-
In case client is not satisfied with our response they can lodge grievance with SEBI at http://scores.gov.in or may also write to the office of SEBI.
-
After exhausting the above options for resolution of the grievance, if the investor/client is still not satisfied with the outcome, they can initiate dispute resolution through the ODR Portal.
-
For more details about the ODR mechanism, fees, timelines etc., you may read the master circular released by SEBI titled: “Online Resolution of Disputes in the Indian Securities Market” available at the following link: https://www.sebi.gov.in/legal/master-circulars/aug-2023/online-resolution-of-disputes-in-the-indian-securities-market_75220.html .
-
Details of Compliance Officer:
-
Name : Vinay Bhurat
-
Contact No : 9916177955
-
Email : finspiin2024@gmail.com
Grievance Redressal / Escalation Matrix
Disclosure
Disclosure
The purpose of this is to provide essential information about the Research Services in a manner to assist and enable the prospective client/investor in making an informed decision for engaging in Research services before onboarding.
Vinay Bhurat is registered with SEBI as Research Analyst with registration no. INH000016296. The Research Analyst got its registration on June 13, 2024 and is engaged in offering research and recommendation services.
-
Terms and conditions of Research Services
*The Research Services will be limited to providing independent research recommendation and shall not be involved in any advisory or portfolio allocation services.
*The Research Analyst never guarantees the returns on the recommendation provided.
*Clients shall take note that Investment/trading in stocks/Index or other securities is always subject to market risk.
Past performance is never a guarantee of same future results.
*Research Analyst shall not be responsible for any loss to the Investors/Traders.
-
Complaints History
*There are no pending material litigations or legal proceedings against the Research Analyst.
*As on date, no penalties nor directions have been issued by SEBI under the SEBI Act
or regulations made there under against the Research Analyst relating to services offered.
-
Details of its associates : No associates
-
Disclosures with respect to Research and Recommendations Services:
-
The Research Analyst or any of its officer/employee does not trade in securities which are subject matter of recommendation.
-
There are no actual or potential conflicts of interest arising from any connection to or association with any issuer of products/ securities, including any material information or facts that might compromise its objectivity or independence in the carrying on of Research Analyst services. Such conflict of interest shall be disclosed to the client as and when they arise.
-
Research Analyst or its employee or its associates have not received any compensation from the company which is subject matter of recommendation.
-
Research Analyst or its employee or its associates have not managed or co-managed the public offering of any company.
-
Research Analyst or its employee or its associates have not received any compensation for investment banking or merchant banking of brokerage services from the subject company.
-
Research Analyst or its employee or its associates have not received any compensation for products or services other than above from the subject company.
-
Research Analyst or its employee or its associates have not received any compensation or other benefits from the Subject Company or 3rd party in connection with the research report/ recommendation.
-
The subject company was not a client of Research Analyst or its employee or its associates during twelve months preceding the date of recommendation services provided.
-
Research Analysts or its employee or its associates has not served as an officer, director or employee of the subject company.
-
Research Analysts has not been engaged in market making activity of the subject company.
-
Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Report or any information provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
-
Free research posted in this website or Free Telegram Group is for educational purpose only.
-
Research is based on technical and derivative analysis center on studying charts of a stock’s price movement, outstanding positions and trading volume, as opposed to focusing on a company’s fundamentals and, as such, may not match with a report on a company’s fundamentals.
-
Disclaimer: Standard Warning :
-
“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 in no way guarantee performance of the Research Analyst or provide any assurance of returns to investors".
-
"The securities quoted, if any are for illustration only and are not recommendatory."
@Valid
Dear Investor,
As per SEBI’s recent directives, all SEBI-registered intermediaries, including Research Analysts, are required to adopt validated and exclusive UPI handles (@Valid UPI) for the collection of payments. This initiative has been introduced to further enhance investor protection and ensure that your payments are always directed to verified SEBI-registered entities.
We are pleased to inform you that we have already received @Valid UPI handles for our bank account
For UPI payment directly to our bank account: fin.ra@validuco
Please note:
-
These @valid UPI IDs are only for payment towards research services
-
You do NOT need to remember or note them down. We will provide you with these whenever you need to make a payment to us.
-
These UPI IDs may change in future if we change our payment gateway provider or bank account.
What this means for you:
-
Whenever you make payments for our Research Services using UPI, you will now see the option to pay to our @Valid UPI handle.
-
Other payment modes such as credit/debit cards, net banking, etc., also remain available as before.
-
For non-research services, you can pay on our normal UPI handles along with other methods like credit/debit cards, net banking, etc.
-
This change is purely at the backend – there is no additional step required from your side. The payment experience remains the same.
How to identify @Valid UPI:
-
The UPI ID will contain @valid along with the bank name.
-
On your payment confirmation screen, you will see a our sebi registered name "Finspiin Research & Iinvestments", which assures you that payment is being made to a verified SEBI-registered intermediary.
SEBI Check: Link
-
SEBI Check enables investors to verify the authenticity of UPI IDs and linked bank account details, either by scanning a QR code or manually entering the UPI ID. This will give you an additional and simple way to confirm that your payments are always directed to a genuine SEBI-registered intermediary.
SEBI has made this initiative mandatory for all intermediaries to provide investors with a secure, verified and transparent payment experience.
Frequently Asked Questions (FAQs) for Investors
-
What is @Valid UPI?
@Valid UPI is a special, SEBI-validated UPI handle introduced for payments to SEBI-registered intermediaries. It assures investors that their payments are being made only to a genuine SEBI-registered entity.
-
Why is SEBI introducing @Valid UPI?
SEBI has mandated @Valid UPI to enhance safety, transparency, and trust in financial transactions. When you pay using a @Valid UPI handle, you can be confident that the funds are going to a verified SEBI-registered intermediary.
-
Is it compulsory for the investors to use the new handle only? Do I have to use @Valid UPI for all payments?
Investors can choose their preferred mode of payment, including UPI, Credit/Debit Cards, Net banking, IMPS, NEFT etc. However, if you pay via UPI for Research Services, it should be made only to the @Valid UPI handle. -
What about other services?
For non-research services, payments can continue to be made using normal UPI handles or other available payment modes like Credit/Debit Cards, Net banking, IMPS, NEFT etc.
-
Does @Valid UPI change my payment experience?
No. This is only a backend change. The payment process remains the same for you; there is no extra step or setup required.
-
What should I check while making a payment using the new UPI IDs/ QR Code?
Investors need to keep the following things in consideration:
-
The UPI ID should properly show the name of the intermediary, followed by the short abbreviation of their category, for example, “ra” for Research Analysts, “brk” for Brokers, to the left of the “@” character.
-
On the right side of the “@”, the new and exclusive handle “@valid” should be present, followed by the bank name.
-
On the confirmation screen, the app should show a white thumbs-up icon inside a green triangle.
-
The QR code generated using the utility will have a white thumbs-up icon inside a green triangle. It will also display the UPI ID just below the QR code.
-
What is SEBI Check?
SEBI Check is a tool by SEBI that will allow you to:
-
Verify whether a @Valid UPI ID truly belongs to a SEBI-registered intermediary.
-
Confirm the linked bank account details before making a payment.
You will be able to use SEBI Check either by scanning a QR code or by manually entering the UPI ID.
-
Do investors also need to obtain new UPI handles to transact in the securities market?
No, the new UPI IDs are only for intermediaries to obtain, and investors can continue to use their existing UPI IDs. -
Whom to approach if my transaction/ payment fails with the new UPI ID?
The secure, validated UPI ID of intermediaries will use the same banking channel as the earlier generic UPI handles. In case of any technical difficulty, investors are requested to approach their respective banks.
If you have any queries, please feel free to reach out.
Vinay Bhurat
Research Analyst
SEBI Registration No. INH000016296
Email: svbhurat555@gmail.com
Number: +91 9916177955
Privacy policy
1. What we collect ?
We may collect the following information:
-
Name, date of birth
-
Contact information including email address and phone numbers
-
Demographic information such as postcode, country, city, state
-
Other information relevant to customer surveys and/or offers, payment options.
2. What we do with the information we gather
We require this information to understand your needs and provide you with a better service, and in particular for the following reasons:
-
Internal record keeping.
-
We may use the information to improve our products and services.
-
We may periodically send promotional emails about new products, special offers or other information which we think you may find interesting using the email address which you have provided.
-
From time to time, we may also use your information to contact you for market research purposes. We may contact you by email, phone, fax or mail. We may use the information to customize the website according to your interests.
3. Use of the Information
-
finspiin.com uses information obtained from its users to enhance their experience on the website.
-
We do not rent or sell any personal information about our subscribers or other users. As a general rule, we will not disclose any personal information to any third parties, except when we believe in good faith that the law requires it, or if the subscriber has given permission.
-
finspiin.com may disclose account or personal information in special cases when we have reason to believe that disclosing this information is necessary to identify, contact or bring legal action against someone who may be violating finspiin.com Terms of Service or may be causing injury to or interference with (either intentionally or unintentionally) finspiin.com rights or property, other finspiin.com users, or anyone else that could be harmed by such activities. finspiin.com may disclose or access account or personal information when we believe in good faith that the law requires it and for administrative and other purposes that we deem necessary to maintain, service, and improve our products and services.
4. Security precautions to protect the loss, misuse, alteration of Information
-
Your subscriber account information and your profile are password-protected so that you and only you have access to this personal information.
-
We recommend that you do not divulge your password to anyone. finspiin.com will never ask you for your password in an unsolicited phone call or in an unsolicited email. Also remember to sign out of your account and close your browser window when you have finished your work. This is to ensure that others cannot access your personal information if you share a computer with someone else or are using a computer in a public place like a library or an Internet cafe.
-
Because the nature of the Service provided on finspiin.com, can have users all over the world, and takes adequate steps to ensure that your information is treated securely and in accordance with the relevant Terms of Service and this Privacy Policy.
-
Unfortunately, no data transmission over the Internet or any wireless network can be guaranteed to be 100% secure. As a result, while we strive to protect your personal information, finspiin.com cannot ensure or warrant the security of any information you transmit to us, and you do so at your own risk. Once we receive your transmission, we make our best effort to ensure its security on our systems.
5. What personal data we collect and why we collect it Comments
-
When visitors leave comments on the site we collect the data shown in the comments form, and also the visitor's IP address and browser user agent string to help spam detection.
Embedded content from other websites
-
Internal record keeping.
-
We may use the information to improve our products and services.
-
We may periodically send promotional emails about new products, special offers or other information which we think you may find interesting using the email address which you have provided.
-
From time to time, we may also use your information to contact you for market research purposes. We may contact you by email, phone, fax or mail. We may use the information to customize the website according to your interests.
How long we retain your data
-
If you leave a comment, the comment and its metadata are retained indefinitely. This is so we can recognize and approve any follow-up comments automatically instead of holding them in a moderation queue.
6. What Else Should I know about Privacy?
-
Please keep in mind that whenever you voluntarily disclose personal information online. In short, if you post personal information online that is accessible to the public, you may receive unsolicited messages from other parties in return.
-
Ultimately, you are solely responsible for maintaining the secrecy of your passwords and/or any account or personal information. Please be careful and responsible whenever you’re online.
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.
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 – 400051.
E. Expectations from the investors (Responsibilities of investors).
Do’s
i. Always deal with SEBI registered Research Analyst.
ii. Ensure that the Research Analyst has a valid registration certificate.
iii. Check for SEBI registration number.
iv. 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?doRecognised pi=yes&intmId=14)
v. Always pay attention towards disclosures made in the research reports before investing.
vi. Pay your Research Analyst through banking channels only and maintain duly signed receipts mentioning the details of your payments.
vii. Before buying securities or applying in public offer, check for the research recommendation provided by your Research Analyst.
viii. Ask all relevant questions and clear your doubts with your Research Analyst before acting on the recommendation.
ix. Inform SEBI about Research Analyst offering assured or guaranteed returns.
Don’ts
i. Do not provide funds for investment to the Research Analyst.
ii. Don’t fall prey to luring advertisements or market rumors.
iii. Do not get attracted to limited period discount or incentive, gifts, etc. offered by Research Analyst.
iv. Do not share login credentials of your trading and demat accounts with the Research Analyst.
Complaint Data
Complaint Data Circular No.: SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/81 – Jun 02, 2025
Audit FY 2024-25
Status - Compliance Audit completed.
Audit report has been uploaded on BSE Compliance portal. There is no adverse findings in the compliance audit, hence action taken report is not required.