Received from |
Pending at the end of last month |
Received |
Resolved * |
Total Pending # |
Pending complaints > 3 months |
Average Resolution time^ (in days) |
Directly from Investers |
0 |
0 |
0 |
0 |
0 |
0 |
SEBI (SCORES) |
0 |
0 |
0 |
0 |
0 |
0 |
Other Sources (if any) |
0 |
0 |
0 |
0 |
0 |
0 |
Grand Total |
0 |
0 |
0 |
0 |
0 |
0 |
^ Average Resolution time is the sum total of time taken
to resolve each complaint in days, in the current month
divided by total number of complaints resolved in the
current month.
Month |
carried forward from previous month |
Received |
Resolved * |
Pending # |
April 2023 |
0 |
0 |
0 |
0 |
May 2023 |
0 |
0 |
0 |
0 |
June 2023 |
0 |
0 |
0 |
0 |
July 2023 |
0 |
0 |
0 |
0 |
August 2023 |
0 |
0 |
0 |
0 |
September 2023 |
0 |
0 |
0 |
0 |
October 2023 |
0 |
0 |
0 |
0 |
November 2023 |
0 |
0 |
0 |
0 |
December 2023 |
0 |
0 |
0 |
0 |
January 2023 |
0 |
0 |
0 |
0 |
February 2023 |
0 |
0 |
0 |
0 |
March 2023 |
0 |
0 |
0 |
0 |
Grand Total |
0 |
0 |
0 |
0 |
*Inclusive of complaints of previous months resolved in
the current month.
#Inclusive of complaints pending
as on the last day of the month.
Year |
carried forward from previous year |
Received |
Resolved * |
Pending # |
FY 2021-2022 |
0 |
0 |
0 |
0 |
FY 2022-2023 |
0 |
0 |
0 |
0 |
Grand Total |
0 |
0 |
0 |
0 |
*Inclusive of complaints of previous months resolved in
the current month.
#Inclusive of complaints pending
as on the last day of the month.
- Algonauts Advisory is an automated AI-based investment
service that manages your equity investment based on
your risk profile, your investment amount, your time
horizon, and your time of entry.
- Algonauts Advisory system’s focus is to maximize your
stock market returns while protecting capital.
- It has a total of 40 portfolios that cater to various
risk profiles.
- Select long term if you require your money back only
after three years while short term is meant for those
who may want to invest for a shorter time period.
- Once you select the portfolio, you can fill in your
investment amount in the dashboard. The investment
amount could go as low as Rs.5000.
- Algonauts AI system will manage your portfolio through
emails that will instruct you on what stocks to buy and
sell along with their quantities.
- The emails will come daily for short-term portfolios and
weekly for long-term portfolios.
- In case you worry about execution, Algonauts Advisory
has tied up with 14 top brokers to provide you with
one-touch execution on their platform – Zerodha, HDFC
Securities, ICICI Securities, Axis Securities, Angel
Broking, Motilal Oswal, IIFL, Edelweiss, Upstox, Groww,
5paisa, Kotak Securities, Alice Blue, and Trustline.
- The one-touch system would enable you to execute the
longest list of orders with one click within 90 seconds.
- In case you are worried about entrusting your money with
an unknown AI system, you could sign-up for free paper
trading within the system for three months.
- You could join up once you are completely satisfied on
how the system functions.
- Portfolio costs range from Rs.3,000-12,000 p.a. payable
every six months.
- We are a SEBI Registered Investment Adviser having
registration number - INA000016791
- We are not affiliated with any other intermediaries, nor
do receive any brokerage or commission from any third
party.
- No penalties/directions have been issued by the SEBI
under the SEBI Act or any other regulatory body.
- We do not recommend any stock broker or other
intermediary to a client. Nor do I receive any
consideration by way of remuneration or compensation or
in any other form whatsoever from stock broker or other
intermediary.
- If client wants opinion in the specific positions made
by him only, we will be able to suggest appropriate view
on the securities. Such suggestion/view under any
circumstances shall be considered as an opinion (not
advice) from my side and we advise client to consider
our opinion and not consultancy to make his/her final
decision. We are not liable for any losses whatsoever
client may incur in accepting this opinion.
- We may have holdings or positions in the financial
products or securities which are the subject matter of
advice, and the same have been disclosed to the client.
- We do not have any association in any manner with any
issuer of products/ securities, this ensures that there
are no actual or potential conflicts of interest. This
also ensures that objectivity or independence in the
carrying on of investment advisory services is not
compromised.
- Investment in market is subject to market risk, though
best attempts are made for predicting markets, but no
surety of return or accuracy of any kind is guaranteed.
- Client is always advised to read, understand, and agree
of terms & conditions & disclaimer of service.
- We do not guarantee any profit/return.
- We do not provide any profit /loss sharing services,
guaranteed profit services, Demat services.
- To enter into an agreement with the client providing all
details including fee details, aspect of Conflict of
interest disclosure and maintaining confidentiality of
information.
- To do a proper and unbiased risk – profiling and
suitability assessment of the client.
- To obtain registration with Know Your Client
Registration Agency (KRA) and Central Know Your Customer
Registry (CKYC).
- To conduct audit annually.
- To disclose the status of complaints in its website.
- To disclose the name, proprietor name, type of
registration, registration number, validity, complete
address with telephone numbers and associated SEBI
regional/local Office details in its website.
- To employ only qualified and certified employees.
- To deal with clients only from official number
- To maintain records of interactions, with all clients
including prospective clients (prior to onboarding),
where any conversation related to advice has taken
place.
- Onboarding of clients
- Sharing of agreement copy
- Completing KYC of clients
- Disclosure to Clients
- STo provide full disclosure about its business,
affiliations, compensation in the agreement.
- To not access client's accounts or holdings for
offering advice.
- To disclose the risk profile to the client.
- To provide investment advice to the client based on the
risk-profiling of the clients and suitability of the
client.
- In case of any grievance / complaint, an investor should
approach the concerned Investment Adviser and shall
ensure that the grievance is resolved within 30 days.
- If the investor's complaint is not redressed
satisfactorily, one may lodge a complaint with SEBI on
SEBI's 'SCORES' portal which is a centralized web
based complaints redressal system. SEBI takes up the
complaints registered via SCORES with the concerned
intermediary for timely redressal. SCORES facilitates
tracking the status of the complaint.
- 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.
- Expectations from the investors (Responsibilities of
investors) Do's
- Always deal with SEBI registered Investment Advisers.
- Ensure that the Investment Adviser has a valid
registration certificate.
- Check for SEBI registration number. Please refer to the
list of all SEBI registered Investment Advisers which is
available on SEBI website in the following link: https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=13)
- Pay only advisory fees to your Investment Adviser. Make
payments of advisory fees through banking channels only
and maintain duly signed receipts mentioning the details
of your payments.
- Always ask for your risk profiling before accepting
investment advice. Insist that Investment Adviser
provides advisory strictly on the basis of your risk
profiling and take into account available investment
alternatives.
- Ask all relevant questions and clear your doubts with
your Investment Adviser before acting on advice.
- Assess the risk–return profile of the investment as well
as the liquidity and safety aspects before making
investments.
- Insist on getting the terms and conditions in writing
duly signed and stamped. Read these terms and conditions
carefully particularly regarding advisory fees, advisory
plans, category of recommendations etc. before dealing
with any Investment Adviser. Be vigilant in your
transactions.
- Approach the appropriate authorities for redressal of
your doubts / grievances.
- Inform SEBI about Investment Advisers offering assured
or guaranteed returns.
- Don'ts
- Don't fall for stock tips offered under the pretext
of investment advice.
- Do not provide funds for investment to the Investment
Adviser.
- Don't fall for the promise of indicative or
exorbitant or assured returns by the Investment
Advisers. Don't let greed overcome rational
investment decisions.
- Don't fall prey to luring advertisements or market
rumors.
- Avoid doing transactions only on the basis of phone
calls or messages from any Investment adviser or its
representatives.
- Don't take decisions just because of repeated
messages and calls by Investment Advisers.
- Do not fall prey to limited period discount or other
incentive, gifts, etc. offered by Investment advisers.
- Don't rush into making investments that do not match
your risk taking appetite and investment goals.
- Do not share login credential and password of your
trading and demat accounts with the Investment Adviser.
The Grievance Redressal policy follows the following principles:
- Investors will be treated fairly at all times Complaints
- raised by Investors will be dealt with courtesy and in a
timely manner
- Queries and Complaints will be treated efficiently and
fairly.
- Clients can seek clarification to their query and are
further entitled to make a complaint in writing, orally
or telephonically. An email may be sent to the Client
Servicing Team. Alternatively, the Investor may call on
+91-8108832455
- A letter may also be written with their query/complaint
and posted at the below mentioned address: 1, Dora Rose,
I C Colony, Borivali West, Maharashtra, Mumbai 400103
- Clients can write to the Investment Manager at help@algonauts.in if the Investor does not receive a response within 10 business
days of writing to the Client Servicing Team. The client
can expect a reply within 10 business days of approaching
the Investment Advisor.
- In case you are not satisfied with our response you can
lodge your grievance with SEBI at http://scores.gov.in
or you may also write to any of the offices of SEBI. SCORES
may be accessed thorough SCORES mobile application as well,
same can be downloaded from below link:
https://play.google.com/store/apps/details?id=com.ionicframework.sebi236330
Check the below images for more information.