Risk Disclaimer

1. Market Risk

All investments in securities are subject to market risk, including the possible loss of the entire principal amount invested. The value of securities can go up or down, and investors may receive less than the amount originally invested.

2. No Guaranteed Returns

Research Analyst services do not guarantee any returns or profits. N.S. Fidai does not promise, assure, or guarantee any specific return from any recommendation made. All investments carry the risk of capital loss.

3. Equity Market Risks

• Price Risk: Stock prices can fluctuate significantly due to company performance, industry trends, economic factors, and market sentiment.
• Liquidity Risk: Some stocks may be difficult to sell quickly at a fair price.
• Concentration Risk: Focusing investments in a few securities increases risk exposure.
• Regulatory Risk: Changes in government policy, taxes, or regulations may adversely affect securities.
• Currency Risk: For ADR/GDR investments, exchange rate fluctuations may affect returns.

4. Technical Analysis Risk

Technical analysis is based on historical price and volume data and may not accurately predict future price movements. Market conditions can change rapidly, rendering technical signals unreliable. No chart pattern or indicator guarantees a successful trade.

5. Past Performance

Past performance of research recommendations or the Research Analyst is not indicative of future results. Historical accuracy of research calls does not guarantee future accuracy.

6. Research Report Limitations

• Research reports are based on information available at the time of writing and may become outdated.
• Research reports are not updated automatically; investors should check for the most recent reports.
• Research is based on publicly available information; N.S. Fidai does not use or rely on insider information.

7. Derivatives Risk

Trading in options, futures, or other derivatives carries significantly higher risk than equity investing. The leverage involved can magnify both gains and losses. Please refer to our Risk Disclosures on Derivatives for more information.

8. Investor Responsibility

• Investors are solely responsible for their investment decisions.
• Consult a SEBI registered investment advisor before making investment decisions.
• Diversify investments to reduce risk.
• Invest only what you can afford to lose.
• Do not borrow to invest in equity markets.

9. Standard Risk Disclosures (SEBI Mandated)

• Registration granted by SEBI and certification from NISM in no way guarantee performance.
• The securities quoted are for illustration only and are not recommendatory.
• Investors should read all offer documents carefully before investing.

Last Updated: 26th April 2026