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Legal Document

Terms of Use

These Terms of Use govern your access to and use of fintwiz.com and all research, advisory, and educational services provided by Nihar Dutia, SEBI Registered Research Analyst. Please read them carefully before using our services.

Effective Date: 5 July 2026
Last Updated: 5 July 2026
Applies To: fintwiz.com & all Fintwiz services
Governing Law: India — SEBI RA Regulations 2014
Agreement to Terms: By accessing fintwiz.com, creating an account, subscribing to any plan, purchasing a research report, or using any of our services, you agree to be legally bound by these Terms of Use. If you do not agree to any part of these terms, you must immediately stop using our website and services.
Contents
  1. About Fintwiz & Registration
  2. Eligibility
  3. Nature of Services
  4. Subscription Plans & Pricing
  5. Account Registration
  6. Permitted & Prohibited Use
  7. Intellectual Property
  8. Research Disclaimer
  9. Limitation of Liability
  10. Indemnification
  11. Third-Party Links & Services
  12. Termination
  13. Governing Law & Disputes
  14. Changes to These Terms
  15. Contact & Grievances
Section 01

About Fintwiz & Registration

Fintwiz is a brand name operated by Nihar Dutia, an individual registered with the Securities and Exchange Board of India (SEBI) as a Research Analyst under the SEBI (Research Analysts) Regulations, 2014.

Registered Research Analyst: Nihar Dutia
SEBI Registration No.: INH000026026
BSE Enlistment No.: 7156
Operating as: Fintwiz
Website: fintwiz.com  |  Email: nihar@fintwiz.com
Registration Validity: April 13, 2026 — Perpetual

The website fintwiz.com and all associated services (research reports, subscriptions, alerts, courses, and advisory content) are provided by Nihar Dutia trading as Fintwiz. Where these Terms refer to "Fintwiz", "we", "us", or "our", they refer to Nihar Dutia in his capacity as the SEBI Registered Research Analyst.

Administrative and operational support is provided by Fintwiz Pvt Ltd, a company incorporated under the Companies Act 2013, acting as a support entity. The SEBI Research Analyst registration and regulatory obligations, however, are held individually by Nihar Dutia.

Section 02

Eligibility

To use our services, you must meet all of the following eligibility requirements:

  • You must be at least 18 years of age or the age of majority in your jurisdiction, whichever is higher.
  • You must be a resident of India or accessing our services in compliance with the laws applicable in your country of residence. Our services are designed for Indian investors and are regulated under Indian law.
  • You must have the legal capacity to enter into a binding contract under the Indian Contract Act, 1872.
  • You must not be debarred, blacklisted, or prohibited from accessing securities markets or financial services by SEBI, any stock exchange, or any other regulatory authority.
  • You must be using our services for personal, non-commercial investment research purposes only, unless you have entered into a separate written agreement with us for commercial or institutional use.

By using our services, you represent and warrant that you meet all of the above eligibility requirements. We reserve the right to terminate your access immediately if we discover that you do not meet these requirements.

Section 03

Nature of Services

Fintwiz provides the following categories of services through fintwiz.com:

ServiceDescriptionRegulatory Category
Equity Research ReportsWritten research reports on listed Indian equities with ratings, target prices, and investment rationaleResearch Analyst service under SEBI (RA) Regulations 2014
Trading Intelligence & AlertsTechnical analysis, trading setups, and real-time alerts delivered via WhatsApp and emailResearch Analyst service — general research, not personalised advice
Portfolio CommentaryGeneral portfolio strategy commentary and sector outlooksResearch content — not personalised portfolio management
Investor EducationCourses, videos, and educational content on investing, trading, and financial marketsEducational content — not investment advice
AI-Driven AnalyticsData-driven market analysis and screener toolsTechnology/research tool — not investment advice
IPO AnalysisResearch notes on upcoming IPOs with subscription recommendationsResearch Analyst service under SEBI (RA) Regulations 2014
Important Distinction: Fintwiz is registered as a Research Analyst, NOT as a SEBI-registered Investment Adviser (IA) under SEBI (Investment Advisers) Regulations 2013. Our services constitute general investment research intended for informational purposes only. We do not provide personalised investment advice tailored to your individual financial situation, risk profile, or investment objectives. You are solely responsible for all investment decisions you make.
Broker Integration Disclaimer

Fintwiz displays integrations with certain brokers (including Upstox, Angel One, Dhan, Kotak Securities, and Groww) for convenience. These are not endorsements. Fintwiz is not affiliated with, employed by, or financially compensated by any of these brokers for recommending their services. You should conduct your own due diligence before choosing a broker. Execution of trades based on our research is entirely at your own discretion and risk.

Section 04

Subscription Plans & Pricing

Fintwiz offers the following subscription tiers, ranging from ₹599 to ₹10,999 per month. All prices are in Indian Rupees (INR) per month and are subject to applicable GST unless stated otherwise. The prices shown below are as listed on fintwiz.com as of the effective date of these Terms and may be updated from time to time with 30 days' advance notice.

Plan Price What's Included Payment Link
Basic ₹599/month 1 research note/month · Market summary newsletter · Basic educational content · Trade setups · Priority alerts razorpay.com/basic
Beginner ₹1,499/month 2 research notes/month · Full PDF reports · 2–3 trade setups/month · Entry / SL / target levels · Sector deep-dives razorpay.com/beginner
Advance ⭐
Most Popular		 ₹3,999/month Everything in Beginner · 4 research notes/month · Sector & thematic deep-dives · Options & F&O setups · WhatsApp / Telegram alerts razorpay.com/advance
Pro ₹5,999/month 8 research notes/month · Daily research notes · Monthly portfolio review · Priority support · Early-access calls razorpay.com/pro
Customized ₹7,499/month Everything in Pro · Tailored research requests · Dedicated analyst access · 1:1 strategy calls · Custom alert preferences razorpay.com/customized
Corporates ₹10,999/month Everything in Customized · White-label reports · API / data feed · Multi-seat team access · Onboarding & SLA razorpay.com/corporates

All prices are in Indian Rupees (INR) per month. Subject to applicable GST. Prices are as listed on fintwiz.com as of the effective date of these Terms.

Subscription Terms
  • Billing cycle: Subscriptions are billed monthly on the date of initial purchase and auto-renew on the same date each subsequent month unless cancelled.
  • SEBI fee cap: Total advisory fees charged to any individual client in any financial year shall not exceed ₹1,51,000 as mandated by SEBI (RA) Regulations 2014. At current pricing, all plans remain within this limit on an annual basis (the highest plan, Corporates at ₹10,999/month, totals ₹1,31,988/year). If your cumulative annual fees across all Fintwiz services approach this statutory limit, we will notify you.
  • Auto-renewal: Your subscription will automatically renew at the end of each billing period unless you cancel at least 24 hours before the renewal date. Renewal charges will be processed via your stored payment method on Razorpay.
  • Price changes: We reserve the right to change subscription prices. We will provide a minimum of 30 days' notice before any price change takes effect. Continued use after the notice period constitutes acceptance of the new price.
  • One-time report purchases: Individual research reports purchased from the Fintwiz store are one-time, non-recurring purchases. Refund terms for report purchases are set out in our Refund & Cancellation Policy.
  • GST: All subscription fees are subject to applicable Goods and Services Tax (GST). GST invoices will be issued for every payment and sent to your registered email address.
Payment Processing

All payments are processed securely by Razorpay Software Pvt Ltd, a RBI-authorised payment aggregator. Fintwiz does not store, process, or have access to your full card number, CVV, or banking credentials. By making a payment, you agree to Razorpay's terms of service in addition to these Terms of Use. In case of any payment disputes, please contact us at info@fintwiz.com within 7 days of the disputed transaction.

Section 05

Account Registration

To access paid services, you must create an account on fintwiz.com. By registering, you agree to:

  • Provide accurate, complete, and current information including your full name, email address, and phone number.
  • Maintain and promptly update your account information to keep it accurate and complete.
  • Keep your password and account credentials strictly confidential. You are responsible for all activity that occurs under your account.
  • Notify us immediately at info@fintwiz.com if you suspect any unauthorised access to or use of your account.
  • Not share your account with any other person or allow others to access our paid content using your credentials.
  • Not create multiple accounts to circumvent subscription limits, free trial periods, or other restrictions.

We reserve the right to suspend or terminate any account where we have reason to believe that registration information is false, inaccurate, or in violation of these Terms.

Section 06

Permitted & Prohibited Use

Permitted Use

You may use Fintwiz services solely for the following purposes:

  • Personal investment research and education for your own individual investment decisions.
  • Accessing and reading research reports you have lawfully purchased or subscribed to.
  • Sharing non-commercial opinions or referencing our research, provided you clearly attribute the source as Fintwiz / Nihar Dutia (SEBI RA INH000026026).
Prohibited Use

You must NOT use our services for any of the following:

  • Redistribution: Sharing, forwarding, republishing, or reselling our research reports, alerts, or content to any third party without our express written permission.
  • Commercial use: Using our research to provide investment advice, tips, or recommendations to third parties for commercial gain — whether as an unregistered investment adviser, tip provider, or otherwise.
  • Unauthorised reproduction: Copying, downloading (beyond personal use), scraping, crawling, or extracting our research content using automated tools.
  • Market manipulation: Using our research in any manner intended to artificially influence securities prices or trading volumes, which would constitute market manipulation under SEBI (Prohibition of Insider Trading) Regulations 2015 or SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations 2003.
  • Fraudulent activity: Misrepresenting our research as your own, or using our SEBI registration details in an unauthorised or misleading manner.
  • Illegal activity: Using our services in violation of any applicable law, including securities laws, tax laws, or anti-money laundering regulations.
  • System interference: Attempting to hack, disrupt, or gain unauthorised access to our website, servers, or any associated infrastructure.
  • Circumventing payment: Attempting to access paid content without a valid, current subscription or purchase.
SEBI Warning: Operating as an unregistered investment adviser or redistributing SEBI-registered research for commercial gain without authorisation is an offence under Section 12 of the SEBI Act 1992 and may attract civil and criminal penalties. If you observe any misuse of Fintwiz research, please report it to grievance@fintwiz.com.
Section 07

Intellectual Property

All content published on fintwiz.com — including research reports, analysis notes, trading alerts, educational content, videos, graphics, brand name, logo, and website design — is the intellectual property of Nihar Dutia / Fintwiz and is protected by applicable Indian and international intellectual property laws, including the Copyright Act 1957 and the Trade Marks Act 1999.

  • Limited licence: We grant you a limited, non-exclusive, non-transferable, revocable licence to access and use our content solely for your personal, non-commercial investment research purposes.
  • No ownership transfer: Purchase of a research report grants you a licence to read that report for personal use only. It does not transfer any ownership or copyright in the report to you.
  • Attribution: If you reference or cite our research in any personal blog, social media post, or non-commercial publication, you must clearly attribute the work to "Fintwiz / Nihar Dutia, SEBI RA INH000026026" and include a link to fintwiz.com.
  • No derivative works: You may not modify, adapt, translate, reverse engineer, or create derivative works from our research content without prior written permission.

Any unauthorised use of our intellectual property may result in immediate termination of your account, civil claims for damages, and referral to appropriate legal authorities.

Section 08

Research Disclaimer

SEBI Statutory Disclaimer: Investment in securities market is subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
  • All research published by Fintwiz represents the personal views and opinion of Nihar Dutia as a SEBI Registered Research Analyst. It does not constitute a solicitation or offer to buy or sell any security.
  • Past performance of any security, sector, or recommendation discussed in our research does not guarantee or indicate future performance. Markets are inherently unpredictable.
  • Our research is based on publicly available information and data that we believe to be reliable. However, we do not warrant the accuracy, completeness, or timeliness of any information in our research reports or alerts.
  • Research Analyst Nihar Dutia, or members of his household, may hold positions in securities mentioned in our research. Any such holdings will be disclosed in the relevant research report as required by SEBI (RA) Regulations 2014.
  • Our research may be updated, revised, or discontinued at any time without notice. We are under no obligation to update any research report after its publication date.
  • You should consult your own independent financial, legal, and tax advisers before making any investment decision. Fintwiz research is one input among many and should not be the sole basis for any investment decision.

Conflict of interest disclosures, if any, are included within each research report in accordance with SEBI (RA) Regulations 2014, Regulation 22 and Schedule III.

Section 09

Limitation of Liability

To the maximum extent permitted by applicable law:

  • Fintwiz (Nihar Dutia) shall not be liable for any direct, indirect, incidental, special, consequential, or punitive losses or damages arising from your use of, or inability to use, our services or research, including but not limited to investment losses, loss of profit, loss of data, or loss of business opportunity.
  • Our total aggregate liability to you for any claim arising from your use of our services shall not exceed the amount you paid to us in the 3 months immediately preceding the event giving rise to the claim.
  • We are not liable for losses arising from third-party services linked to or integrated with fintwiz.com (including Razorpay, broker platforms, or analytics tools).
  • We are not responsible for any investment decisions you make based on our research. You acknowledge that investing in securities involves significant risk, including the risk of loss of your entire invested capital.
  • We do not guarantee uninterrupted or error-free access to fintwiz.com or our WhatsApp alert service. Temporary unavailability due to technical issues, maintenance, or circumstances beyond our control shall not constitute a breach of these Terms.
Nothing in these Terms limits our liability for fraud, wilful misconduct, or any liability that cannot be excluded by law, including liability under the Consumer Protection Act 2019 for deficient services.
Section 10

Indemnification

You agree to defend, indemnify, and hold harmless Nihar Dutia / Fintwiz, Fintwiz Pvt Ltd, and their respective officers, employees, and agents from and against any and all claims, damages, losses, costs, and expenses (including reasonable legal fees) arising from or relating to:

  • Your violation of these Terms of Use.
  • Your use of our services in a manner not permitted by these Terms, including any redistribution or commercial use of our research.
  • Your violation of any applicable law or the rights of any third party.
  • Any misrepresentation made by you, including providing false registration information.
Section 11

Third-Party Links & Services

fintwiz.com may contain links to third-party websites, broker platforms, regulatory portals, and other external resources. These links are provided for your convenience and information only.

  • We do not control, endorse, or take responsibility for the content, privacy practices, or terms of any third-party website or service.
  • Clicking on third-party links and using those services is entirely at your own risk and subject to the terms of those third parties.
  • Broker integration links (Upstox, Angel One, Dhan, Kotak, Groww) displayed on fintwiz.com are for convenience only and do not imply a commercial referral arrangement or endorsement unless explicitly disclosed.
Section 12

Termination

Termination by You

You may cancel your subscription at any time. Cancellations are governed by our Refund & Cancellation Policy. Account deletion requests may be submitted to info@fintwiz.com. Deletion of your account does not automatically entitle you to a refund of subscription fees already paid.

Termination by Fintwiz

We reserve the right to suspend or permanently terminate your account and access to our services, with or without notice, if we determine that you have:

  • Violated any provision of these Terms of Use.
  • Engaged in fraudulent, abusive, or illegal activity in connection with our services.
  • Provided false or misleading information during registration.
  • Failed to pay subscription fees when due.
  • Shared your account credentials or our content with unauthorised third parties.

In cases of termination for cause, no refund will be provided for any unused portion of a current subscription period. In cases of termination for reasons other than cause, we will provide a pro-rata refund for the unused portion of the current billing period.

Section 13

Governing Law & Disputes

These Terms of Use shall be governed by and construed in accordance with the laws of India, without regard to its conflict of laws provisions.

SEBI-Related Disputes

Any complaints relating to our SEBI-regulated research analyst services shall first be raised with our Grievance Officer (details in Section 15). If not resolved within 30 days, you may escalate to:

Consumer Disputes

Consumer disputes relating to subscription billing, refunds, or service quality that are not covered by the SEBI grievance mechanism may be raised with the appropriate Consumer Disputes Redressal Forum under the Consumer Protection Act, 2019.

Arbitration

For any commercial dispute not covered by the above mechanisms, both parties agree to attempt resolution through good-faith negotiation within 30 days of written notice. If unresolved, the dispute shall be referred to arbitration under the Arbitration and Conciliation Act, 1996, with a sole arbitrator mutually agreed upon by both parties. The seat of arbitration shall be New Delhi, India. The language of arbitration shall be English.

Section 14

Changes to These Terms

We may update these Terms of Use from time to time to reflect changes in our services, business model, or applicable law (including any amendments to SEBI (RA) Regulations or new SEBI circulars). When we make material changes:

  • We will update the "Last Updated" date at the top of this page.
  • We will send a notification to your registered email address for any changes that materially affect your rights or obligations.
  • We will display a prominent notice on fintwiz.com for at least 30 days following any material change.

Your continued use of our services after any updated Terms take effect constitutes your acceptance of the revised Terms. If you do not agree to the changes, you must cancel your subscription and stop using our services before the effective date of the changes.

Section 15

Contact & Grievances

If you have any questions about these Terms, wish to report a violation, or have a service complaint, please contact us through the following channels. We acknowledge all queries within 48 hours and resolve them within 30 days.

Principal Officer / RA
Nihar Dutia
nihar@fintwiz.com
Grievance Officer
Nihar Dutia
grievance@fintwiz.com
General Support
Fintwiz Support
info@fintwiz.com
fintwiz.com/contact/
SEBI SCORES
Investor Grievances
scores.sebi.gov.in
smartodr.in

Nihar Dutia trading as Fintwiz  |  SEBI Research Analyst Reg. No.: INH000026026 (Individual)  |  BSE Enlistment No.: 7156  |  Website: fintwiz.com

These Terms of Use constitute the entire agreement between you and Fintwiz with respect to your use of our services and supersede all prior agreements, representations, and understandings. If any provision of these Terms is found to be unenforceable, the remaining provisions shall continue in full force and effect. These Terms were last reviewed on 5 July 2026 and should be reviewed by a qualified legal professional before publication.