The particulars given in this Disclosure Document have been prepared in accordance with SEBI (Investment Advisers) Regulations, 2013 and guidelines, circulars, notifications issued thereunder from time to time. The purpose of the Document is to provide essential information about the Investment Advisory Services to assist and enable the perspective client/client in making an informed decision for engaging Investment Advisor before investing. For the purpose of this Disclosure Document, Investment Adviser is PRITESHKUMAR CHAMPAKLAL SHAH (“Pritesh Shah”, “Investment Adviser”).
• History, Present business and Background
Priteshkumar Champaklal Shah is registered with the Securities and Exchange Board of India as an Investment Advisor under SEBI (Investment Advisers) Regulations, 2013 vide registration no. INA000015297 dated October 20, 2020 having its registered office at B-22, Nirvanta, Opp. Gulmohar Garden, Sevasi, Vadodara Gujarat - 391101
He has been in the Capital Market since 2007 and has vast experience dealing with equity and equity derivatives. After working with various intermediaries and clients, Mr. Pritesh identified a lot of value to be created for individuals by providing unbiased financial advice and wealth management services.
He has an ‘MS Finance leading to Charted Financial Analyst (CFA)’ from ICFAI, Hyderabad. He is passionate about personal financial management, financial literacy, and is a strong advocate for financial advice that focuses solely on the individual.
In the capacity of Investment adviser Mr. Pritesh Shah seeks to provide the best suited advice based on clients risk profile and investment objective. Investment adviser first tries to understand the client's return expectations, risk taking ability & goals, which in turn helps to arrive at an asset allocation suitable for the client. Investment adviser conducts frequent portfolio reviews and suggests any corrective action/s if required.
• Terms & conditions for advisory services
Investment Adviser will provide Advisory Services which shall be in the nature of investment advice, and may include buying and selling the securities for an for an agreed fee structure and which may be for a definite period of time and which may vary / change from time to time, entirely at the Client’s risk. The detailed terms and conditions are as per the agreement executed between client and Investment Adviser.
• Disciplinary history:
No action has been taken against the Investment Adviser or any of its employees by any regulator.
• Affiliations with other intermediaries
Mr. Pritesh Shah is solely engaged in providing investment advisory services. Other than providing advisory services, he is not affiliated with any other external or third-party intermediaries.
Investment Adviser does not receive any consideration by way of remuneration, or compensation or in any other form, from any person other than the client being advised.
Investment adviser does not recommend services of any stock broker or intermediary to a client. Investment adviser does not have any commission sharing agreement with any intermediary for recommending the services either as a stock broker or as other intermediary.
Although Pritesh shah is registered as an Investment Adviser with SEBI, he is not actively engaged into any proprietary trading. However, he may have positions in various stocks, mutual funds/liquid products.
Pritesh Shah provides Investment Advisory services independently. He does not have any connections or any associations with any issuer of products/ securities.
Clients are requested to go through the detailed key features, performance track record of the product, or security including warnings, disclaimers etc. before investing as and when provided by the Investment Adviser. Such product materials may also be available to www.sebi.gov.in or www.nseindia.com or www.bseindia.com.
Investment Adviser shall draw the client’s attention to the warnings, disclaimers in documents, advertising materials relating to an investment product/s which he is recommending to the client/s.
1. Investments in equities, derivatives and mutual funds are subject to market risks and there is no assurance or guarantee that the objective of the investment / products will be achieved.
2. The past performance does not indicate its future performance. There is no assurance that past performances will be repeated. Investors are not being offered any guaranteed or indicative returns.
3. As with any investment in securities, the NAV of the portfolio can go up or down depending upon the factors and forces affecting the capital market.
4. The performance of the investments/products may be affected by changes in Government policies, general levels of interest rates and risks associated with trading volumes, liquidity and settlement systems in equity and debt markets.
5. Investments in the products which the Clients have opted are subject to wide range of risks which inter alia also include but not limited to economic slow down, volatility & illiquidity of the stocks, poor corporate performance, economic policies, changes of Government and its policies, acts of God, acts of war, civil disturbance, sovereign action and /or such other acts/ circumstance beyond the control of Investment Adviser.
6. The names of the products/nature of investments do not in any manner indicate their prospects or returns. The performance in the equity products may be adversely affected by the performance of individual companies, changes in the market place and industry specific and macro-economic factors.
7. Investments in debt instruments and other fixed income securities are subject to default risk, liquidity risk and interest rate risk. Interest rate risk results from changes in demand and supply for money and other macroeconomic factors and creates price changes in the value of the debt instruments. Consequently, the NAV of the portfolio may be subject to the fluctuation.
8. Investments in debt instruments are subject to reinvestment risks as interest rates prevailing on interest amount or maturity due dates may differ from the original coupon of the bond, which might result in the proceeds being invested at a lower rate.
9. The product may invest in non-publicly offered debt securities and unlisted equities. This may expose the investment/product to liquidity risks.
10. Engaging in securities lending is subject to risks related to fluctuations in collateral value / settlement/ liquidity/counter party.
11. The product may use derivatives instruments like index futures, stock futures and options contracts, warrants, convertible securities, swap agreements or any other derivative instruments. Usage of derivatives will expose portfolio to certain risk inherent to such derivatives.
12. The use of derivative requires a high degree of skill, diligence and expertise. Thus, derivatives are highly leveraged instruments. Small price movement in the underlying security could have a large impact on their value. Other risks in using derivatives include the risk of mis-pricing or improper valuation of derivatives and the inability of derivatives to correlate perfectly with underlying assets, rates and indices.
13. The NAV may be affected by changes in settlement periods and transfer procedures.
14. The Investment Advisor may, considering the overall level of risk of the portfolio, advice for investment in lower rated/unrated securities offering higher yield. This may increase the risk of the portfolio. Such investments shall be subject to the scope of investments as laid down in the Agreement.
We trust that, before executing on the advice of the Investment Adviser, you have gone through all the relevant information about the product being advised, risk factors and have sought requisite clarification about the same.
Investment Adviser shall maintain complete confidentiality of all information provided by the client/s and shall not disclose any such information, without your prior consent except if such disclosure is required to be made in compliance with any applicable law or regulatory direction. Investment Adviser will obtain information pertaining to your orders/transactions/portfolio/funds availability/securities availability etc. from the issuer of product to enable us to provide you with informed and appropriate advice.
Investors Services:
The detail of Investment adviser who shall attend to the investor queries and complaints is mentioned below:
An investment adviser shall have and employ effectively appropriate resources and procedures which are needed for the efficient performance of its business activities.
An investment adviser shall seek from its clients, information about their financial situation, investment experience and investment objectives relevant to the services to be provided and maintain confidentiality of such information.
An investment adviser shall make adequate disclosures of relevant material information while dealing with its clients.
An investment adviser advising a client may charge fees, subject to any ceiling as may be specified by the Board. The investment adviser shall ensure that fees charged to the clients are fair and reasonable.
An investment adviser shall try to avoid conflicts of interest as far as possible and when they cannot be avoided, it shall ensure that appropriate disclosures are made to the clients and that the clients are fairly treated.
An investment adviser including its 86[partners, principal officer and persons associated with investment advice] shall comply with all regulatory requirements applicable to the conduct of its business activities so as to promote the best interests of clients and the integrity of the market.
The senior management of a body corporate which is registered as investment adviser shall bear primary responsibility for ensuring the maintenance of appropriate standards of conduct and adherence to proper procedures by the body corporate.