TERMS AND CONDITIONS OF THE RESEARCH PLANS SOLD

RESEARCH PLANS:

  1. The subscription fee of the Classic Plan is a one-time payment for 5 accounts (namely Demat Account, Trading Account, NPS, NIR and Online Mutual Fund Account).
  2. The Client of the Classic Plan as well as the Classic Plus Plan gets the Lifetime Demat Account.
  3. All plans include the Equity, F & O and Currency Segments.
  4. The Classic Research Plan subscriber will receive 4 additional reports that will assist you in investing into equities and mutual funds. The research provided by Elite Wealth Advisors Ltd does not guarantee or assure the client of any returns. Please read our disclaimer before signing up for subscription (visit elitewealth.in for disclaimer).
  5. Subscribers of the Classic Plus plan will have all 5 accounts under the Classic plan as well as 4 additional research reports at a discounted price of INR 2500.
  6. Classic Plus plan has a validity of 12 months. The 12 month validity shall commence after the payment clearance & successful telephonic verification.
  7. Each Plan has a validity of 12 months. The 12 month validity shall commence after the payment clearance & successful telephonic verification. After the completion of 12 months the client will be offered a grace period of 7 days to make the payment to stay subscribed to the plan.
  8. A plan once subscribed to can only be upgraded during the 12 month period. No refund on cancellation of plan. There are no pro-rata adjustments for the Classic Plan since the charges are for opening 5 accounts.
  9. If the subscriber wants to upgrade from the Classic Plan to the Classic Plus Plan, during the year he will be required to pay INR 2000 after which he will receive the reports as well as benefit of the lower brokerage slabs.
  10. All upgrades for plans (other than the Classic Plan) will be done on a pro-rata basis. An upgrade to a higher plan during the current subscription will involve an adjustment to payment on a pro-rata basis. For instance if a Classic Plus subscriber chooses to upgrade to a higher plan after 6 months, then INR 1,000 will be adjusted from the price of the higher plan. For all Pro-rata calculations, number of days in a month is assumed to be 30.
  11. During pro rata calculations only the amount towards the research reports shall be adjusted.
  12. The 12 month period for the upgraded plan shall commence after the payment clearance & successful telephonic verification.
  13. If a client only wishes to subscribe to the Classic Research Plan then he has to pay an additional sum of INR 2000 if he is under the Classic Plan. Classic Plus subscribers can upgrade to the Investor Research Plans on a pro rata basis.
  14. EWAL reserves the right to modify or change the contents, design, frequency and mode of delivery of the reports mentioned above without prior approval of the clients.
  15. No accounts are being opened for the subscription of these plans. All charges of the research plans are inclusive of all taxes and government cess.
  16. The subscribers may or may not have a Trading or Demat account with Elite Wealth Advisor’s Ltd. in order to receive the research reports. In case the subscribers have Trading and Demat accounts with EWAL, then they enjoy the preferential pricing as under each plan.
  17. Subscribers to any of the abovementioned plans will have the option of opening 5 accounts at INR 500/- Given below are the 5 accounts that are offered for the additional sum:
1.       Trading Account
2.       DEMAT Account**
3.       Online Mutual Fund Account
4.       E-Insurance Account
5.       National Pension System Account

 

** The DEMAT account opened for subscribers will carry no annual maintenance charges and will have a lifetime validity.

 

  1. Each Plan has a validity of 12 months. The 12 month validity shall commence after the payment clearance & successful telephonic verification. After the completion of 12 months the client will be offered a grace period of 7 days to make the payment to stay subscribed to the plan.
  2. In case of non-renewal of the chosen plan, the research reports will be discontinued and the brokerage rates will go back to the Classic rates of 0.40% (Delivery), 0.04% (Intraday and Future Contracts) and INR 100 (Options).
  3. The reports mentioned under all the plans have the different frequencies. You can find the details on our website (www.elitewealth.in) to know more. Your relationship manager can also inform you about the same.
  4. If a certain client wants to upgrade his plan during the year then he would pay for the new plan on a pro-rata basis. For instance, if an existing Investor plus client wants to upgrade his plan to Investor Pro after 8 months subscription, then he would have to pay an additional INR 8333. For all Pro-rata calculations, number of days in a month is assumed to be 30.
  5. The 12 month period for the upgraded plan shall commence after the payment clearance & successful telephonic verification.
  6. A plan once subscribed to cannot be downgraded before the end of the year. If the client chooses to terminate his/her plan then no payment will be refunded.
  7. EWAL reserves the right to modify or change the contents, design, frequency and mode of delivery of the reports mentioned above without prior approval of the clients.
  8. The research provided by EWAL does not guarantee or assure the client of any returns. Please read our disclaimer before signing up for subscription (please visit our website for disclaimer).

 

ADVANCED BROEKRAGE PLANS:

 

  1. Advanced Brokerage Plan once subscribed can only be upgraded.
  2. Maximum Brokerage reversal against any plan shall be limited to the value of plan. The reversal will be as per rates applicable under the plan during the validity period.
  3. The brokerage will be adjusted only for the Equity Segment, Equity Future & Option Segments as well as Currency Futures & Options segments of NSE and BSE.
  4. Any Brokerage remaining unutilized after the expiry of the plan will renew automatically for next three years. But after the tenure of each plan i.e. 3 years, the brokerage charged will revert back to the basic rates for unutilized amount.
  5. If the plan is not renewed before the expiry of validity period, the basic rate of brokerage i.e. 04% for intraday (as well as futures) and .40% for delivery and options INR 100 shall be restored.
  6. The plan can be renewed during a grace period of 7 days after the completion of the tenure of the plan.
  7. The start date of the plan (tenure) shall commence after the payment clearance & successful telephonic verification.

 

TRADER RESEARCH PLANS:

 

  1. The payments for the research plan are inclusive of all applicable taxes and government cess.
  2. The amount paid is non-refundable under any circumstances.
  3. If the client wants to open the Trading and Demat Accounts along with subscribing to the research plans he must pay an additional sum of INR 500. The Demat Account opened in conjunction with the research plans will carry lifetime validity and no recurring AMCs.
  4. Elite Wealth Advisor’s Ltd reserves the right to modify or change the contents, frequency, mode of delivery and design of the reports mentioned above without prior approval of the clients.
  5. The Tenure of the Plan (Start Date) will commence after the payment clearance and successful telephonic verification.
  6. Each subscriber of the research plan will be provided a grace period of 7 days before the plan will be suspended. The subscribers need to renew their subscription before the grace period is over or else the research will be discontinued
  7. In case of an upgrade of the plan, the time period for the upgraded plan shall commence after the payment clearance & successful telephonic verification.
  8. No research subscription can be downgraded e.g. from an Annual to quarterly.
  9. EWAL reserves the right to modify or change the contents, design, frequency and mode of delivery of the reports mentioned above without prior approval of the clients.
  10. The research provided by EWAL does not guarantee or assure the client of any returns. Please read our disclaimer before signing up for subscription (link).