Disclosures

ESTEE ADVISORS PRIVATE LIMITED is SEBI registered research analyst bearing registration number. INH000019503. The validity of this registration is from January 31, 2025, to perpetual, unless suspended or cancelled by SEBI. The registered office address of ESTEE ADVISORS PRIVATE LIMITED is 5th Floor, Unit no. PO5-01A, PO5-01B, PO5-01C, Building No-51, Tower A, WTC Gift City, Village Ratanpur, Gandhinagar, Gujarat, 382050 . The CIN number of the company is U65990GJ2019FTC115697. The manager is a member of BSE Administration & Supervision Ltd (BASL) with Membership Number 6486.The content and data available in the material prepared by the company and on the website of the company, including but not limited to index value, return numbers and rationale are for information and illustration purposes only. Information present in the material prepared by the company and on the website of the company, other than model portfolio recommendations, shall not be considered as a recommendation or solicitation of an investment.

Charts and performance numbers (unless otherwise specified) do not include the impact of transaction fee and other related costs. These costs can impact the actual returns. Past performance of model portfolios or any securities therein does not guarantee future returns and performances of the portfolios are subject to market risk. Investors are advised to independently evaluate particular investments and strategies, and to seek the advice of a financial advisor before making any investment decisions based on our model portfolios. Model portfolios are not personalized investment advice and may not be suitable for all investors. Any model portfolios provided by the Research Analyst are based on specific research and assumptions. The performance of these model portfolios may vary, and they may not be suitable for all investors. Investors should carefully consider the risks and objectives before investing based on model portfolios. Details of methodology and assumptions will be provided with respective model portfolio information.Data used for calculation of historical returns and other information is provided by exchange approved third party vendors and has neither been audited nor validated by the Company. Detailed return calculation methodology is available here. Detailed volatility calculation methodology is available here.

Information present in the material prepared by the company and on the website of the company shall not be considered as a recommendation or solicitation of an investment. Investors are responsible for their investment decisions and are responsible to validate all the information used to make the investment decision. Investor should understand that his/her investment decision is based on personal investment needs and risk tolerance, and information present in the material prepared by the company and on the website of the company is one among many other things that should be considered while making an investment decision.

ESTEE ADVISORS PRIVATE LIMITED has a contractual arrangement with a vendor – Smallcase Technologies Private Limited (STPL); whereby STPL provides technology solutions and related back-end infrastructure along with support for back-office related operations & processes. STPL does not provide any investment advice or recommendation nor does it make any claim of returns or performance with respect to any advice or recommendation.

Investments in securities market are subject to market risks. Read all the related documents carefully before investing.

Registration granted by SEBI, membership of BSE and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

1.  The `Research Analyst is involved in research activities in Indian capital markets, as a SEBI-registered Research Analyst w.e.f. 31st January, 2025. `Research Analyst has obtained registration from SEBI under the SEBI (Research Analysts) Regulations, 2013.
2. The `Research Analyst does not provide any promise or assurance of favorable view for a particular industry or sector or business group in any manner. The client/s is/are requested to take into consideration all the risk factors including their financial condition. The analysts for various products or reports created by the `Research Analyst certify that all information/ material therein accurately reflect his or her personal views about the subject investment or companies and its or their securities, and no part of his or her compensation was, is, or will be, directly or indirectly related to the company(ies) in various products or reports created by the company. No part of this material may be duplicated in any form and/ or redistributed without the prior written consent of the Company.
3. The `Research Analyst has a contractual arrangement with a vendor – Smallcase Technologies Private Limited (STPL); whereby STPL provides technology solutions and related back-end infrastructure along with support for back office related operations and processes.
4. Terms and conditions of advisory services are detailed in the `Research Analyst Terms of Services (ToS). Please refer to the same for details.
5. The `Research Analyst has neither been suspended nor debarred from doing business by any Stock Exchange/ SEBI or any other authorities; nor has its certificate of registration been cancelled by SEBI at any point of time.
6. No penalties / directions have been issued by SEBI under the SEBI Act or Regulations made there under against the `Research Analyst relating to Research Analyst services.
7. There are no pending material litigations or legal proceedings, findings of inspections or investigations for which action has been taken or initiated by any regulatory authority against the `Research Analyst or its Directors, or employees.
8. ESTEE ADVISORS PRIVATE LIMITED, in addition to its Research Analyst registration (INH000019503), is also understood to be registered with SEBI as a Stock Broker, Investment Adviser, and Portfolio Manager. The company shall maintain an arm’s length relationship between its Research Analyst activity and other activities, ensuring that the RA activities are segregated and independent.
9. Research Analyst and its Associates, Officers, Directors, and Employees, Research Analyst (including relatives) worldwide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of the company(ies) forming part of the products or reports created by the `Research Analyst or (b) may have other potential/ material conflict of interest with respect to any company(ies) in various products or reports created by the `Research Analyst. Any such positions of conflict of interest will be appropriately disclosed and dealt with in accordance with applicable law.
10. The advisor has no connection or association of any sort with any issuer of products/ securities advised herein. The advisor has 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 investment advisory services. Such conflict of interest shall be disclosed to the client in accordance with regulatory requirements as and when they arise.
11. To access the key features of the securities, particularly, performance track record please go to the below links:, www.bseindia.com , www.nseindia.com.
12. Clients are requested to go through the detailed key features, performance track record of the product, or securities including warnings, disclaimers etc. before investing as and when provided by the Research Analyst. Such product materials may also be available to www.sebi.gov.in or www.nseindia.com or respective issuers’ website.
13. Research Analyst draws the client’s attention to the warnings, disclaimers in documents, advertising materials relating to investment product/s which are being recommended to the client/s. A brief regarding the risks associated with the investment products are available in `Research Analyst Terms of Service (ToS), same may be referred before investing in product or securities.
14. Neither the `Research Analyst nor any of its holding companies, associate concerns or affiliates or their respective directors, employees, or representatives shall be liable for any direct, indirect, special, incidental, consequential, punitive, or exemplary damages, including lost profits arising in any way from the information contained in this disclosure.
15. For any grievances, kindly contact by writing an email to [email protected]. Clients are advised to expect a response to their grievance within reasonable timelines as per our internal policy.

Research Analyst Disclosures: 

We or our associates have managed or co-managed public offering of securities for the subject company(ies) in the past 12 months: No

We or our associates have received compensation for investment banking or merchant banking or brokerage services from the subject company(ies) in the past 12 months: No

We or our associates have engaged in market making activity in relation to the subject company(ies): No
Individuals employed as research analysts by us (Research Analyst(s)) may have served as an officer, director or employee of the subject company(ies) in the past. 

Research Analyst and/or his/her relatives may have financial interest and/or actual/beneficial ownership in the subject company(ies).

Research Analyst or his/her relatives has actual/beneficial ownership of 1% or more securities of the subject company(ies) at the end of the month immediately preceding the date of sharing of products or reports created by us: No

We or our associates have association with subject companies (including AMCs that manage mutual funds schemes that form part of research recommendations provided by ESTEE) as disclosed below: 

1. HDFC Securities Ltd – Associate company is a referral service provider and receives compensation for such services 
2. Axis Securities Ltd – Associate company is a referral service provider and receives compensation for such services 
3. 5Paisa Capital Ltd – Associate company is a referral service provider and receives compensation for such services  
4. RKSV Securities India Private Ltd – Associate company is a referral service provider and receives compensation for such services  
5. Moneylicious Securities Private Ltd – Associate company is a referral service provider and receives compensation for such services 
6. Angel One Ltd – Associate company is a referral service provider and receives compensation for such services  
7. Cube Consumer Services Pvt. Ltd – Associate company is a referral service provider and receives compensation for such services   
8. Provase Consultants Pvt. Ltd – Associate company is a referral service provider and receives compensation for such services  

Details of the Board of Directors / Key Managerial Personnel: 

1. Mr. Sandeep Tyagi (DIN 0660901) holds a B.Tech from IIT, Delhi and a Master of Business Administration from Columbia Business School. 
2. Mr. Umesh Kumar (DIN 01111082) holds a Bachelor’s in Commerce and is a certified Chartered Accountant. 
3. Mr. Shalabh Rakyan (DIN 06404884) holds a Master of Business Administration from Indian School of Business. Mr. Shalabh Rakyan is also the Principal Officer. 
4. Mr. Murlidhara Kadaba (DIN 01435701) holds a Bachelor of Engineering in Mechanics and Postgraduate Diploma in management from Xavier School of Management.
5. Mr. Anirudh Kataruka (DIN 07949701) holds a Bachelor’s in Commerce and a Master of Business Administration from Indian School of Business. Mr. Anirudh Kataruka is also the Compliance Officer. 

Support – Contact us at [email protected] for any queries and assistance. All grievances should be addressed to our grievance officer Mr. Anirudh Kataruka using [email protected] 

Grievance Redressal / Escalation Matrix 

1. Customer Care: Email-ID: [email protected] Phone Number: 9818894632 Working hours for calling: 10:00 AM to 6:00 PM (Mon-Fri)
2. Head of Customer Care: Please contact the Compliance Officer on the contact details given below Compliance Officer: Anirudh Kataruka Email ID: [email protected] Phone Number: 01244637700 Working hours for calling: 10:00 AM to 6:00 PM (Mon-Fri)
3. Principal Officer / Grievance Officer: Shalabh Rakyan  Email ID: [email protected]