Sanjay Chhabria | SEBI Registered Research Analyst (INH000001592)

Regulatory Information

Disclosures, Terms & Policies

General Disclosure

Registration granted by SEBI, membership of a recognized association of persons or body of individuals and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Investment in securities market is subject to market risks. Investors should carefully read all relevant documents before investing.

Past performance is not indicative of future results.

Any research report or recommendation should be read together with the disclosures, assumptions, risks and limitations contained therein.

Conflict of Interest Disclosure

I maintain policies and procedures designed to identify, manage and disclose actual or potential conflicts of interest relating to research activities.

Where a material conflict of interest exists in relation to a research recommendation or report, appropriate disclosure shall be made in accordance with applicable SEBI regulations and guidelines.

Investors are advised to review the disclosures accompanying individual research reports before acting upon any recommendation.

Most Important Terms and Conditions (MITC)

Before availing research services, investors are advised to carefully read and understand the applicable terms and conditions of research services.

Nature of Services – Research services consist of research reports, analysis, recommendations and/or other research-related services as agreed with the client.
Investment Risk – Investment in securities involves market risks. The client understands that research recommendations do not guarantee returns or capital protection.
No Guaranteed Returns – No assurance or guarantee of profit, returns or avoidance of loss is provided.
Independent Decision – The client should independently evaluate the suitability of any recommendation before taking an investment decision.
Client Information – The client shall provide accurate and complete information wherever required for providing research services.
Fees – Applicable research fees, payment terms and other charges shall be communicated to the client before providing paid research services.
Termination – Research services may be terminated in accordance with the applicable terms and conditions agreed with the client.
Grievance Redressal – Clients may raise their grievances directly with the Research Analyst. If the grievance is not resolved satisfactorily, the client may use the applicable SEBI grievance redressal mechanisms.

Code of Conduct

I shall comply with the applicable provisions of the SEBI (Research Analysts) Regulations, 2014, applicable SEBI circulars, guidelines and directions. Research services shall be provided with due regard to:

Fair and reasonable treatment of clients
Independence and objectivity of research
Disclosure of material conflicts of interest
Appropriate risk disclosures
Maintenance of required records
Protection of confidential client information
Applicable regulatory requirements

Disclaimer

The information and research material published or provided by Sanjay Chhabria is intended for informational and research purposes only.

The information should not be construed as an offer, solicitation or invitation to buy or sell any security unless specifically stated otherwise and permitted under applicable regulations.

Investments in securities are subject to market risks. Investors should carefully consider their investment objectives, financial situation and risk tolerance before making any investment decision.

Research reports and recommendations are based on information and analysis believed to be reliable at the time of preparation. However, no representation or warranty is made regarding the accuracy, completeness or future validity of such information.

Market conditions, company fundamentals and other factors may change after publication of a research report.

Investors should not rely solely on any research report or recommendation and should conduct their own due diligence or seek independent professional advice where appropriate.

There is no assurance or guarantee of returns or avoidance of loss.

Sanjay Chhabria respects the privacy of clients and visitors to this website.

Information collected from clients or visitors shall be used only for legitimate business, regulatory, communication and service-related purposes.

Personal information shall be handled with reasonable care and shall not be disclosed to third parties except where required for providing services, complying with applicable laws and regulations, responding to regulatory requirements, or where otherwise permitted or required by law.

Visitors should avoid submitting sensitive personal information through general website forms unless specifically required. Please do not share passwords, OTPs, or trading / demat / bank login details through this website.

As prescribed by SEBI

Investor Charter in respect of Research Analyst (RA)

The Investor Charter provides important information regarding the services provided by Research Analysts, investor rights and responsibilities, grievance redressal mechanisms and other relevant matters.

Download Investor Charter (PDF)

A. Vision and Mission Statements for investors

Vision: Invest with knowledge & safety.

Mission: Every investor should be able to invest in right investment products based on their needs, manage and monitor them to meet their goals, access reports and enjoy financial wellness.

B. Details of business transacted by the Research Analyst with respect to the investors

To publish research report based on the research activities of the RA.
To provide an independent unbiased view on securities.
To offer unbiased recommendation, disclosing the financial interests in recommended securities.
To provide research recommendation, based on analysis of publicly available information and known observations.
To conduct audit annually.
To ensure that all advertisements are in adherence to the provisions of the Advertisement Code for Research Analysts.
To maintain records of interactions, with all clients including prospective clients (prior to onboarding), where any conversation related to the research services has taken place.

C. Details of services provided to investors (No Indicative Timelines)

Onboarding of Clients
Sharing of terms and conditions of research services
Completing KYC of fee paying clients
Disclosure to Clients:
- To disclose, information that is material for the client to make an informed decision, including details of its business activity, disciplinary history, the terms and conditions of research services, details of associates, risks and conflicts of interest, if any.
- To disclose the extent of use of Artificial Intelligence tools in providing research services.
- To disclose, while distributing a third party research report, any material conflict of interest of such third party research provider or provide web address that directs a recipient to the relevant disclosures.
- To disclose any conflict of interest of the activities of providing research services with other activities of the research analyst.
To distribute research reports and recommendations to the clients without discrimination.
To maintain confidentiality w.r.t publication of the research report until made available in the public domain.
To respect data privacy rights of clients and take measures to protect unauthorized use of their confidential information.
To disclose the timelines for the services provided by the research analyst to clients and ensure adherence to the said timelines.
To provide clear guidance and adequate caution notice to clients when providing recommendations for dealing in complex and high-risk financial products/services.
To treat all clients with honesty and integrity.
To ensure confidentiality of information shared by clients unless such information is required to be provided in furtherance of discharging legal obligations or a client has provided specific consent to share such information.

D. Details of grievance redressal mechanism and how to access it

1. Investor can lodge complaint/grievance against Research Analyst in the following ways:

Mode of filing the complaint with research analyst
In case of any grievance / complaint, an investor may approach the concerned Research Analyst who shall strive to redress the grievance immediately, but not later than 21 days of the receipt of the grievance.

Mode of filing the complaint on SCORES or with Research Analyst Administration and Supervisory Body (RAASB)

SCORES 2.0 (a web based centralized grievance redressal system of SEBI for facilitating effective grievance redressal in time-bound manner) – https://scores.sebi.gov.in. Two level review for complaint/grievance against Research Analyst: first review done by designated body (RAASB); second review done by SEBI.
Email to designated email ID of RAASB.

2. If the Investor is not satisfied with the resolution provided by the Market Participants, then the Investor has the option to file the complaint/ grievance on SMARTODR platform for its resolution through online conciliation or arbitration.

With regard to physical complaints, investors may send their complaints to: Office of Investor Assistance and Education, Securities and Exchange Board of India, SEBI Bhavan, Plot No. C4-A, ‘G’ Block, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 051.

E. Rights of investors

Right to Privacy and Confidentiality
Right to Transparent Practices
Right to fair and Equitable Treatment
Right to Adequate Information
Right to Initial and Continuing Disclosure – Right to receive information about all the statutory and regulatory disclosures
Right to Fair & True Advertisement
Right to Awareness about Service Parameters and Turnaround Times – Right to be informed of the timelines for each service
Right to be Heard and Satisfactory Grievance Redressal – Right to have timely redressal
Right to Exit from Financial product or service in accordance with the terms and conditions agreed with the research analyst
Right to receive clear guidance and caution notice when dealing in Complex and High-Risk Financial Products and Services
Additional Rights to vulnerable consumers – Right to get access to services in a suitable manner even if differently abled
Right to provide feedback on the financial products and services used
Right against coercive, unfair, and one-sided clauses in financial agreements

F. Expectations from the investors (Responsibilities of investors)

Do’s

Always deal with SEBI registered Research Analyst.
Ensure that the Research Analyst has a valid registration certificate.
Check for SEBI registration number. Please refer to the list of all SEBI registered Research Analysts which is available on the SEBI website: SEBI – Registered Research Analysts.
Always pay attention towards disclosures made in the research reports before investing.
Pay your Research Analyst through banking channels only and maintain duly signed receipts mentioning the details of your payments. You may make payment of fees through Centralized Fee Collection Mechanism (CeFCoM) of RAASB if research analyst has opted for the mechanism. (Applicable for fee paying clients only)
Before buying/ selling securities or applying in public offer, check for the research recommendation provided by your Research Analyst.
Ask all relevant questions and clear your doubts with your Research Analyst before acting on recommendation.
Seek clarifications and guidance on research recommendations from your Research Analyst, especially if it involves complex and high risk financial products and services.
Always be aware that you have the right to stop availing the service of a Research Analyst as per the terms of service agreed between you and your Research Analyst.
Always be aware that you have the right to provide feedback to your Research Analyst in respect of the services received.
Always be aware that you will not be bound by any clause, prescribed by the research analyst, which is contravening any regulatory provisions.
Inform SEBI about Research Analyst offering assured or guaranteed returns.

Don’ts

Do not provide funds for investment to the Research Analyst.
Don’t fall prey to luring advertisements or market rumors.
Do not get attracted to limited period discount or other incentive, gifts, etc. offered by Research Analyst.
Do not share login credential and password of your trading, demat or bank accounts with the Research Analyst.

Grievance Redressal

Investor Grievance Redressal & Escalation Matrix

All investor grievances shall be handled in accordance with the applicable regulatory requirements. Investors may first approach the Research Analyst directly; if not satisfied, the matter may be escalated as below.

LEVEL 1

Research Analyst

Sanjay Chhabria
SEBI Reg. No. INH000001592

Email: valueinv@gmail.com
Mobile: 9893200307

M.I.G-11, M.P. Housing Board Colony, Katora Talab, Raipur, Chhattisgarh – 492001

Timeline: redressal at the earliest, not later than 21 days of receipt.

LEVEL 2

SEBI SCORES 2.0 / RAASB

If not resolved or not satisfied, lodge a complaint on SEBI’s SCORES platform for registration and tracking of complaints.

Lodge Complaint on SCORES

First review by the designated body (RAASB). Complaints may also be emailed to the designated email ID of RAASB.

LEVEL 3

SEBI Review

Second-level review of the SCORES complaint is done by SEBI.

Physical complaints: Office of Investor Assistance and Education, SEBI Bhavan, Plot No. C4-A, ‘G’ Block, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 051.

LEVEL 4

SMART ODR

If still not satisfied, the investor may file the complaint on the SMART ODR platform for resolution through online conciliation or arbitration.

Go to ODR Platform

Sr. No.	Received from	Pending at the end of last month	Received	Resolved*	Total Pending#	Pending complaints > 3 months	Average Resolution time^ (in days)
1	Directly from Investors	0	0	0	0	0	0
2	SEBI (SCORES)	0	0	0	0	0	0
3	Other Sources (if any)	0	0	0	0	0	0
	Grand Total	0	0	0	0	0	0

Year	Carried forward	Received	Resolved*	Pending#
2023-24	0	0	0	0
2024-25	0	0	0	0
2025-26	0	0	0	0
Grand Total	0	0	0	0

Independent Research. Informed Decisions.

About Sanjay Chhabria

The research process may include analysis of:

“Market-View” – Weekly Investment Newsletter

One-week free trial

How research is prepared

Disclosures, Terms & Policies

Investor Charter in respect of Research Analyst (RA)

Investor Grievance Redressal & Escalation Matrix

Research Analyst

SEBI SCORES 2.0 / RAASB

SEBI Review

SMART ODR

Complaints Data

Get in touch

Follow on social media

Investor Information / Enquiry Form