1. Nature of Service
EquityWallet is a SEBI-Registered Investment Adviser. We provide advice and recommendations on equity basket investments. We are not a Portfolio Management Service (PMS), Mutual Fund, or Alternative Investment Fund (AIF). We do not hold or manage your money or securities.
All securities are held directly in your Demat account in your own name. EquityWallet has no custody over your assets.
2. Market Risk
Investments in equity securities are subject to significant market risk. The value of your investments can go up or down based on numerous factors including but not limited to:
- Economic conditions in India and globally
- Company-specific developments
- Regulatory changes
- Geopolitical events
- Currency fluctuations
- Interest rate changes
- Market sentiment and liquidity
No Guarantee of Returns
Past performance of any basket, strategy, or security mentioned on this platform does not guarantee future results. There is no assurance or guarantee that the investment objectives will be achieved.
Returns illustrated on this platform are based on historical data and are for illustrative purposes only. Actual returns may be materially different from those shown.
3. Specific Risks of Equity Basket Investing
- Concentration risk: Baskets may concentrate in specific sectors or market caps
- Liquidity risk: Some securities may be illiquid, affecting your ability to exit positions
- Rebalancing risk: Rebalancing may trigger tax events (short-term capital gains)
- Tracking risk: Actual portfolio returns may deviate from basket performance due to execution timing and costs
- Broker execution risk: Trade execution is subject to your broker's systems and market conditions
4. Not Mutual Funds
Equity baskets on EquityWallet are not mutual funds. They are not regulated as collective investment schemes. There is no fund manager, no NAV, and no pooled vehicle. You directly own the individual stocks in your Demat account.
5. Tax Implications
Investments in equities are subject to applicable tax laws including Short-Term Capital Gains Tax (STCG) and Long-Term Capital Gains Tax (LTCG) as per the Income Tax Act, 1961. Tax laws are subject to change. Consult a qualified tax adviser for personalized guidance.
6. Our Role as an Investment Adviser
As a SEBI-Registered Investment Adviser, EquityWallet is required to:
- Act in a fiduciary capacity and in the best interests of clients
- Maintain appropriate records of advice provided
- Disclose all conflicts of interest
- Not accept commissions from any product providers
EquityWallet follows a flat-fee model and does not earn commissions from any broker, mutual fund, or financial product provider.
7. Investor Grievances
If you have a grievance against EquityWallet, you may:
- Email us at grievance@equitywallet.in
- Lodge a complaint on the SEBI SCORES portal
- Contact SEBI at 1800-266-7575 (toll-free)
8. Disclaimer
The information and recommendations provided by EquityWallet are for educational and informational purposes only. They do not constitute an offer to buy or sell any security. Investors must conduct their own due diligence and consult appropriate professionals before making investment decisions.
EquityWallet, its principals, and employees may or may not hold positions in securities mentioned in any research or recommendation. Any such holding will be disclosed.