Disclosures
Business Activity
Fincrave Capital through FinCrave.com is engaged in the business of providing
subscription services to their stock buy/sell recommendations. Abhishek Jain (Sole proprietor
& founder of Fincrave Capital) is registered as a Research Analyst under SEBI (Research
Analyst) Regulations, 2014 (Registration Number INH000023232). These recommendations are
derived using proprietary quantitative models which are proprietary and cannot be disclosed.
Being quantitative research analysts, we do not study individual companies. Our
recommendations are the output of a mathematical model. Hence, we do not provide
detailed research reports or regular updates on the company performance. The only
information shared with paid subscribers is the list of stocks and our buy/hold/sell
recommendation.
Disciplinary History
There has been no instance of any Disciplinary action, penalty etc. levied/passed by any
regulation/administrative agencies against Fincrave Capital and Abhishek Jain. SEBI has
not issued any administrative warning to Fincrave Capital and Abhishek Jain.
Terms & Conditions of Issuance of Recommendations
- Our recommendations are issued to the registered clients with active subscription. The
underlying research is based on the facts, figures and information that are considered
true, correct and reliable.
- The information is obtained from publicly available media or other sources believed to
be reliable.
- The recommendations are prepared solely for informational purpose and does not
constitute an offer document or solicitation to buy or sell or subscribe for securities
or other financial instruments for clients.
Conflict, Ownership
- Fincrave Capital, its associates and employees may have various positions in any of
the stocks, securities and financial instruments dealt in the call(s) & report(s), or
may make purchase or sell or other deals in these securities from time to time or may
deal in other securities of the companies / organizations described in the call(s) &
report(s).
- Fincrave Capital and/or its associates and employees may;
- from time to time, have a long or short position in, and buy or sell the
securities of the company(ies) mentioned in the call(s) & report(s) or
- considering the nature of business/activities that Fincrave Capital is
engaged in, it may have potential conflict of interest at the time of
publication of call(s) & report(s) on the subject company(ies).
- Fincrave Capital and/or its associates and employees, have no actual/beneficial
ownership of one per cent or more securities of the subject company, at the end of the
month immediately preceding the date of publication of the research report or date of
the public appearance or research recommendation.
- Fincrave Capital and/or its associates and employees have no connection or
association of any sort with any issuer of products/ securities recommended herein.
- Fincrave Capital and/or its associates and employees have 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 research and recommendations
services expect the one mentioned in this disclosure.
- Fincrave Capital will disclose stock specific interests and ownership for
every recommendation on the “Recommendations” page. This data is provided as on,
both the “BUY” date and “SELL” date.
Disclosures with Regards to Receipt of Compensation
- Fincrave Capital and/or its associates and employees have NOT received any
compensation from the subject company in the past twelve months.
- Fincrave Capital and/or its associates and employees have NOT managed or co-managed
public offering of securities for the subject in the past twelve months.
- Fincrave Capital and/or its associates and employees NOT received any compensation
or other benefits from the subject company or third party in connection with the
research report.
Other Disclosures
- The research analyst has NOT served as an officer, director, employee of the subject
company.
- Fincrave Capital and/or its associates and employees have NOT been engaged in market
making activity for the subject company.
- The subject company is or was not a client of Fincrave Capital and/or its associates
and employees during twelve months preceding the date of distribution of the research
report and recommendation services provided.
Disclaimers
SEBI Mandated Disclaimer
- Investment in securities market are subject to market risks. Read all the related
documents
carefully before investing.
- Registration granted by SEBI and certification from NISM in
no way guarantee performance of the intermediary or provide any assurance of returns to
investors.
Not an Investment Advice
- Research and/or recommendations published by Fincrave Capital is solely for
information of clients and does not construe to be an investment advice. It is also not
intended as an offer or solicitation for the purchase and sale of any financial
instruments.
- We have exercised due diligence in checking the correctness and authenticity of the
information contained in this recommendation.
- Reports or research material prepared by the company do not constitute a personal
recommendation or consider the particular investment objectives, financial situations,
risk profile and needs of individual clients.
- No part of this material and/or our recommendations may be duplicated in any form and/or
redistributed without the prior written consent of the Company.
- Fincrave Capital does not provide any promise or assurance of favourable view for a
particular industry or sector or business group in any manner.
-
Any action taken by you based on the information contained herein is your responsibility
alone. Fincrave Capital and/or its associates and employees and will not be liable
in any manner for the consequences of such action taken by you.
- 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 our recommendations is one among many other things that should be
considered while making an investment decision.
- All investments involve risk. The investor is requested to take into consideration all
the risk factors including their financial condition, suitability to risk return profile
and take professional advice before investing.
- Clients should not assume that any discussion or information contained on this website
serves as the receipt of, or as a substitute for, personalized investment advice from
your SEBI registered investment advisor.
- 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.
- Charts and performance numbers might include back tested/simulated results calculated
via a standard methodology and do not include the impact of transaction fee and other
related costs.
Past Performance & Back Testing
- Past performance is not indicative of future results and there can be no assurance that
the future performance of any specific investment, investment strategy, or product will
be profitable, equal any corresponding indicated historical performance level(s), be
suitable for your portfolio or individual situation, or prove successful.
- Due to various factors, including changing market conditions, macro economic conditions
and/or applicable laws, the content may no longer be reflective of current opinions or
positions.
- “Back-testing” is the application of a quantitative model to historical market data to
generate hypothetical performance during a prior period. Fincrave Capital uses its
proprietary quantitative models to identify stocks recommendations. These models are
back-tested to verify for efficacy and correctness of their recommendations.
- Use of back-tested data has inherent limitations including the following:
- The results do not reflect the results of actual trading or the effect of material
economic and market conditions on the decision-making process, but were achieved by
means of retrospective application, which may have been designed with the benefit of
hindsight.
- Calculation of such back-tested performance data is based on assumptions integral to the
model which may or may not be testable and are therefore subject to losses.
- Actual performance may differ significantly from back-tested performance. Back-tested
results are not adjusted to reflect the reinvestment of dividends and other income and,
except where otherwise indicated, do not include the effect of back-tested transaction
costs.
- Back-tested returns do not represent actual returns and should not be interpreted as an
indication of such.
No Guarantees
Fincrave Capital its associate companies, and employees shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error
in the information contained in this recommendation or any action taken on basis of this
information.
Analyst Compensation
Besides this, the research analyst(s) are bound by stringent internal regulations and legal
and statutory requirements of the Securities and Exchange Board of India ( SEBI) and the
analysts’ compensation was, is, or will be not directly or indirectly related with the other
companies and/or entities of Fincrave Capital and have no bearing whatsoever on any
recommendation, that they have given in the research report.
No Liabilities
Fincrave Capital or any of its affiliates/group companies shall not be in any liabilities
for any such loss or damage that may arise to any person from any inadvertent error in the
information contained in this report.
No Independent Verification of All Information
Fincrave Capital has not independently verified all the information, which has been
obtained by the company for analysis purpose, from publicly available media or other sources
believed to be reliable.
No Warranty or Implied Accuracy
Accordingly, we neither testify nor make any representation or warranty, express or implied,
of the accuracy, contents or data contained within this document.
Changes Due to Market Volatility
We hereby declare that the information herein may change any time due to the volatile market
conditions, therefore, it is advised to use own discretion and judgment while entering into
any transactions, whatsoever.
No Trading Windows
Individuals employed as research analyst by Fincrave Capital or their associates are not
allowed to deal or trade in securities, within thirty days before and five days after the
publication of a research report as prescribed under SEBI Research Analyst Regulations.
Our Interest in Recommendations
Subject to the restrictions mentioned in above paragraph, we and our affiliates, officers,
directors, employees and their relative may: (a) from time to time, have long or short
positions acting as a principal in, and buy or sell the securities or derivatives thereof,
of Company mentioned herein or (b) be engaged in any other transaction involving such
securities and earn brokerage or profits.
Technology Risks
There are risks associated with utilizing internet and short messaging system (sms) based
information and research dissemination services. Research data, Calls and reports published/
emailed/ text messaged via Short Messaging Services, Online Messengers, WhatsApp, Telegram
etc./transmitted through mobile application/s, and or those made available/uploaded on
social networking sites (e.g. Facebook, Twitter, LinkedIn etc.) by Fincrave Capital are
for informational purposes only. Though disseminated to clients simultaneously, not all
clients may receive the reports at the same time. Fincrave Capital will not treat
recipients as clients by virtue of their receiving this report.
Intellectual Property Rights
All intellectual property rights emerging from this website, blog, and investment solutions
are and shall remain with Fincrave Capital. All material made available is meant for the
subscriber’s personal use and such subscriber shall not resell, copy, or redistribute the
newsletter or any part of it, or use it for any commercial purpose.
No Compensation from Companies
Fincrave Capital or any of its officers, directors, employees, or subsidiaries has not
received any compensation/ benefits whether monetary or in kind, from the company,
government, bank or any other product manufacturer or third party, whose products are the
subject of its research or investment information.