To promote transparency, enhance awareness, trust, and confidence among investors in the securities market by ensuring Research Analysts (RAs) adhere to high standards of integrity, professionalism, and compliance.
Rights of Investors
Right to receive unbiased research recommendations based on publicly available information.
Right to be informed about financial interests or conflicts of interest of the Research Analyst.
Right to access research reports and recommendations without discrimination.
Right to confidentiality regarding personal investment information until public disclosure.
Right to a fair and timely grievance redressal mechanism.
Responsibilities of Investors
Always deal with SEBI-registered Research Analysts and verify their registration number.
Pay through banking channels and retain receipts for all transactions.
Review disclosures in research reports before investing.
Approach the Research Analyst for grievance resolution within 30 days.
Elevate unresolved complaints to SEBI’s SCORES portal if necessary.
Grievance Redressal Mechanism
Contact the Research Analyst directly to resolve the complaint within 30 days.
If unresolved, lodge a complaint on SEBI’s SCORES portal (a centralized web-based system).
For physical complaints, send to: Office of Investor Assistance and Education, SEBI Bhavan, Plot No. C4-A, ‘G’ Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051.
Utilize the SMART ODR Portal for online conciliation and arbitration if needed.
Do's and Don'ts for Investors
Do's
Check research recommendations before investing.
Ask relevant questions and clarify doubts with the Research Analyst.
Inform SEBI about assured or guaranteed return offers.
Pay attention to disclosures in research reports.
Don'ts
Do not provide funds for investment to the Research Analyst.
Do not fall for luring advertisements or market rumors.
Do not share login credentials or passwords of trading/demat accounts.
Do not get attracted to limited-period discounts or gifts.
