Risk Disclosure

1. Nature of This Research

SWIP is a research product offered by InvestAce Capital. All recommendations reflect the firm's independent research and are intended solely for informational purposes. They do not constitute investment advice, and past performance is not indicative of future results.

2. No Guaranteed Returns

Registration granted by SEBI, enlistment with BSE and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. No recommendation, report, or communication from SWIP promises or guarantees any specific return, outcome, or level of performance. While best efforts are made in our research, no surety of return or accuracy of any kind is guaranteed.

3. Market & Equity Risk

Investments in equity and other securities are subject to market risk. Trading in the stock market is inherently risky, and you agree to take complete and full responsibility for the outcomes of all trading decisions you make, including but not limited to loss of capital. Please read all scheme-related documents carefully and consult a qualified financial advisor before investing.

3A. Risks Specific to Swing Research

• Overnight and gap risk. Swing positions are held across sessions. A stock can open materially away from its previous close on news, results, regulatory action or global events. A published stop-loss offers no protection against a gap through it.
• Stop-loss slippage. A stop-loss level we publish is a research level, not a guaranteed exit price. In fast or illiquid markets the price actually achievable may be materially worse. A published stop may not be achievable at the stated price.
• Single-stock concentration. Our recommendations are individual cash equities, not a diversified portfolio. A single company's performance can diverge sharply from the market.
• Liquidity and circuit limits. Mid- and small-cap securities may have limited liquidity or may hit exchange-imposed price bands, in which case exiting at or near a published level may be impossible for a period.
• Execution difference. You place your own orders in your own account. Your entry, exit, timing, size and costs will differ from the levels we publish, so your outcome will differ from our published record.

3B. We Cannot Execute Trades For You

InvestAce Capital is a Research Analyst and cannot execute or carry out any trade on your behalf. You are advised not to permit any Research Analyst to execute trades on your behalf. All orders are placed by you, through your own broker, at your sole discretion. We will never ask for your trading account, demat account or bank account login credentials or OTPs — never share these with anyone, including us.

4. SEBI Registration

InvestAce Capital is a brand of SM Research Services Pvt Ltd, a SEBI Registered Research Analyst under the SEBI (Research Analysts) Regulations, 2014 — Registration No. INH000017736, BSE Enlistment No. 6315. This registration does not constitute an endorsement of the firm's research quality or an assurance of investor returns.

5. Conflict of Interest

To ensure compliance with SEBI (Research Analysts) Regulations, 2014, our research analysts and their representatives do not trade in the securities/instruments covered in our research. We are not associated with any issuer of the products or securities we cover, so as to avoid any actual or potential conflict of interest that could compromise the objectivity or independence of our research.

6. Grievance Redressal

Clients can seek clarification or lodge a complaint in writing, orally, or by phone with our Compliance Officer — see our Contact page for details. We will resolve your grievance within 7 business working days. If unsatisfied with our response, you may escalate to SEBI via SEBI SCORES, or initiate dispute resolution via the ODR Portal.