Last updated: November 2, 2022
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For Investment Advisory Services:
As per the SEBI Guidelines, our clients are entitled to a refund for the reminder of the unexpired service tenure in case of a premature termination of our Investment Advisory Services. Kindly note that a breakage fee amounting to the fee of one quarter & the GST amount shall remain excluded from the refund amount. Following samples can be referred for better clarity:
Refundable amount = Fees paid (-) breakage fees ie fee of one quarter (-) Fee of the utilised subscription tenure (-) GST amount.
Example 1: Mr A subscribed to StockAxis Multibaggers Portfolio for Rs. 20,000/- on 1st of April & made an payment of Rs. 10,000/- for the next 2 quarters ie 6 months. He then decided to terminate his subscription & initiated a refund request on April 5. As per SEBI Guidelines, he shall be initiated a refund as per the following computations:
|Fee Paid (Including GST)||GST (18%) deduction||Breakage fee deduction (1 Quarter)||Fee for service utilised (5 days)||Applicable refund|
|Rs. 10,000/-||Rs. 1,525/-||Rs. 4,238||Rs. 353/-||Rs. 3884/-|
Example 2: Mr B subscribed to StockAxis Multibaggers Portfolio for Rs. 20,000/- on 1st of April & made an payment of Rs. 10,000/- for the next 2 quarters ie 6 months. He then decided to terminate his subscription & initiated a refund request on May 5 . As per SEBI Guidelines, he shall be initiated a refund as per the following computations:
|Fee Paid (Including GST)||GST (18%) deduction||Breakage fee deduction (1 Quarter)||Fee for service utilised (1 month 5 days)||Applicable refund|
|Rs. 10,000/-||Rs. 1,525/-||Rs. 4,238||Rs. 1,648/-||Rs. 2,589/-|
Example 3: Mr C subscribed to StockAxis Multibaggers Portfolio for Rs. 20,000/- on 1st of April & made an payment of Rs. 10,000/- for the next 2 quarters ie 6 months. He then decided to terminate his subscription & initiated a refund request on July 5. As per SEBI Guidelines, he shall be initiated a refund as per the following computations:
As the unutilised subscription tensure is less than one quarter which is the breakage fee, there shall be no applicable refund after the necessary deductions of breakage fee, Utilised service fee & GST.
For Research Analyst Services:
StockAxis might contain links to other websites. Opulent is not responsible for the content, accuracy or opinions express in such websites, and such websites are not investigated, monitored or checked for accuracy or completeness by us. Inclusion of any linked website on StockAxis does not imply approval or endorsement of the linked website by us. If you decide to leave StockAxis and access these third-party websites, you do so at your own risk.
By using this website, it is deemed that you have consented to receiving calls, autodialed and/or pre-recorded message calls, SMS, from us or our vendors, at any time, on the telephone number / contact information that has been provided by you even if the contact number you have entered is on DND (Do not Disturb), for the use of this Website or our services. We may send inquiry confirmation / intimation, booking confirmation, cancellation, payment confirmation, schedule change or any such other information relevant for the transaction, via SMS or by voice call on the contact number given by the User at the time of registration / reservation. We may also contact you to clarify your inquiry, seek additional details pertaining to it, etc. The use of this website is also your consent to receive SMSs from us and our vendors at any time, as we deem fit. This consent to be contacted is for purposes that include and are not limited to clarification calls and marketing and promotional calls.
Our SMS alerts will be subject to guidelines of Telecom Regulatory Authority of India (TRAI) and Department of Telecom (DoT) as well as to the terms and conditions of third-party merchants, services of whom Opulent might avail of. By signing up for SMS alerts, you agree to allow us to send you SMS alerts, even if your number is registered in the Do Not Disturb (DND) registry. We do not commit, guarantee, assure or promise any returns based on our recommendations. You act solely based on your individual risk-bearing ability and your perception of the equities market.
You hereby unconditionally consent that such communications via SMS and/ or voice call is (a) upon your request and authorization, (b) ‘transactional’ and not an ‘unsolicited commercial communication’ as per the guidelines of Telecom Regulation Authority of India (TRAI) and (c) in compliance with the relevant guidelines of TRAI or such other authority in India and abroad. We provide all our recommendations via SMS, Email & app notification. The deliveries of the SMS on national and international numbers are solely dependent on the vendor's infrastructure and the network of the receiver. We will not be responsible on delayed in delivery or non-delivery of the SMS.
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