Terms of Use

 INTRODUCTION

Modern Algos Private Limited is a SEBI-registered Research Analyst. It operates two platforms, modernalgos.com and 360algos.com, which provide investment and trading solutions through innovative models and methods for trading and investing. Access and use of these platforms and their associated services are subject to the Terms of Use outlined below.

ACCEPTING TERMS

Modern Algos Private Limited, referred to as Modern Algos from here onwards, operates modernalgos.com and 360algos.com. By using any of the services offered on either of these platforms, you agree to these Terms of Use. Services cannot be used if you do not accept the Terms. You accept the Terms by explicitly agreeing to them on either modernalgos.com, 360algos.com, or any integrated broker platforms.

TERMS OF USE – in Compliance with SEBI Regulations By subscribing to the research services, clients acknowledge and agree to the following terms and conditions:

  • Availing the research services: By accepting delivery of the research service, the client confirms that he/she has elected to subscribe the research service of the RA at his/her sole discretion. RA confirms that research services shall be rendered in accordance with the applicable provisions of the RA Regulations.
  • Obligation on Research Analyst: RA and client shall be bound by SEBI Act and all the applicable rules and regulations of SEBI, including the RA Regulations and relevant notifications of Government, as may be in force, from time to time.
  • Client Information and KYC: The client shall furnish all such details in full as may be required by the RA in its standard form with supporting details, if required, as may be made mandatory by RAASB/SEBI from time to time.
    RA shall collect, store, upload and/or check KYC records with the KYC Registration Agency (KRA) as specified by SEBI from time to time.
  • Standard Terms of Service: By subscribing to our services, the Client acknowledges and agrees to the following:
    "I/We have read and understood the terms and conditions applicable to a research analyst as defined under regulation 2(1)(u) of the SEBI (Research Analyst) Regulations, 2014, including the fee structure."
    “I/We are subscribing to the research services for our own benefits and consumption, and any reliance placed on the research report provided by research analyst shall be as per our own judgement and assessment of the conclusions contained in the research report.”
    “I/We understand that –
    • i. Any investment made based on the recommendations in the research report are subject to market risk.
    • ii. Recommendations in the research report do not provide any assurance of returns.
    • iii. There is no recourse to claim any losses incurred on the investments made based on the recommendations in the research report”
  • Declaration from Modern Algos Pvt Ltd (“Research Analyst”):
    • i. We are duly registered with SEBI as Research Analyst under Registration No. INH200009935 from June 30, 2022; BSE Enlistment No. 5592 and compliant with the SEBI (Research Analyst) Regulations, 2014.
    • ii. Currently we have valid SEBI registration and have required qualification to render services contemplated under RA regulations.
    • iii. We have no material adverse disciplinary history or any conflicts of interest that compromise the integrity of its recommendations.
    • iv. The maximum fee charged by the Research Analyst shall not exceed ₹1.51 lakhs per annum per family of clients.
    • v. The recommendations provided by us do not provide any assurance of returns.
  • Consideration and mode of payment: The client shall duly pay to RA, the agreed fees for the services that RA renders to the client and statutory charges, as applicable. Such fees and statutory charges shall be payable through the specified manner and modes communicated by the Research Analyst (including but not limited to payment gateways or processors like Instamojo, Cashfree, Razorpay, Stripe, Jodo, NEFT, IMPS, Centralised Fee Collection Mechanism for RA, Cheque, etc.). We may collect 3 months advance payment based on mutual agreement.
  • Risk Factors: Investments in securities markets are inherently risky and subject to market dynamics. Registration granted by SEBI, and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to clients.
  • Conflict of Interest: The Research Analyst adheres to SEBI's guidelines on the disclosure and mitigation of actual or potential conflicts of interest. Full disclosures are provided in each research report.
  • Termination of service and refund of fees: The Research Analyst reserves the right to suspend or terminate the provision of research services to clients in the event of suspension or cancellation of its registration with SEBI.
    In case the certificate of registration of the Research Analyst is suspended for a period exceeding sixty (60) days or is cancelled, the Research Analyst shall refund the subscription fees to the client on a pro-rata basis for the period from the effective date of such suspension or cancellation to the end of the subscription period.
  • Grievance redressal and dispute resolution: For any support-related grievances, including issues related to non-receipt of reports or deficiencies in service, clients must email their concerns to support@modernalgos.com. If unresolved, grievances must be escalated to the designated grievance officer. All grievances will be addressed within 7 (seven) business days or as per latest SEBI RA Regulations. For grievances and dispute resolution, please contact:
  • For more details regarding grievance-related matters, please refer to the grievance redressal section of our website: modernalgos.com
  • Use of Research Reports: All research reports and related information are confidential and intended solely for the subscriber. Unauthorized distribution, reproduction, or use of these materials is strictly prohibited. Clients must independently assess all recommendations, and the Research Analyst assumes no responsibility for any losses incurred.
  • Mandatory Notice: Clients shall be requested to go through Do’s and Don’ts while dealing with RA as specified in SEBI master circular no. SEBI/HO/MIRSD-POD- 1/P/CIR/2024/49 dated May 21, 2024 or as may be specified by SEBI from time to time.
  • Most Important Terms and Conditions (MITC): The terms and conditions and the consent thereon are for the research services provided by the RA and RA cannot execute or carry out any trade (purchase/sell transaction) on behalf of the client. Thus, you are advised not to permit the Research Analyst to execute any trade on their behalf.
    To review the details of Most Important Terms and Conditions (MITC), please refer to the MITC section of our website: modernalgos.com
    We will revise MITC based on changes standardised by Industry Standards Forum (ISF) in consultation with SEBI and RAASB. This will be updated on our website.
  • Optional Centralised Fee Collection Mechanism: Modern Algos Pvt Ltd, in compliance with SEBI guidelines, informs clients about the availability of an optional Centralised Fee Collection Mechanism (CeFCoM) for the payment of fees. Clients opting for this mechanism will be provided with necessary guidance and instructions at the time of subscription.
  • Use of Artificial Intelligence Modern Algos Pvt Ltd may infrequently use Artificial Intelligence (AI) tools in its research services to enhance the quality and efficiency of the recommendations provided to clients. In accordance with Regulation 24(7) of the SEBI (Research Analyst) Regulations, 2014:
    • We take full responsibility for the security, confidentiality, and integrity of client data used in conjunction with AI tools
    • We ensure compliance with applicable laws regarding the use of AI tools

Neither any research service will be rendered, nor any fee will be charged until consent is received from client on these terms and conditions.

PROVISION OF THE SERVICES BY MODERN ALGOS Modern Algos is committed to continuous improvement and innovation to provide the best user experience.

  • The form and nature of the services on modernalgos.com and 360algos.com may change over time without prior notice.
  • Modern Algos may, at its sole discretion, discontinue services (permanently or temporarily) or features without prior notice.
  • Users may stop using the services at any time without the need to inform Modern Algos.
  • If access to your account on either platform is disabled, you may lose access to services, account details, and stored content.
  • Modern Algos reserves the right to impose limits on data transmissions, storage, or service features at any time.

USE OF THE SERVICES BY YOU To use the services on modernalgos.com and 360algos.com, you must:

  • Provide accurate, current, and complete personal information.
  • Use the services only for lawful purposes and as permitted by these Terms and applicable regulations.
  • Access the services solely through the interfaces provided by Modern Algos unless explicitly agreed otherwise in writing.
  • Avoid using scripts, bots, or other automated means to access or interact with the services unless authorized.
  • Refrain from disrupting the platforms or their associated networks.
Modern Algos disclaims responsibility for any consequences arising from breaches of these Terms.

PRIVACY POLICY Please refer to Modern Algos' privacy policy for information on how your data is collected, stored, and processed on both modernalgos.com and 360algos.com.

GENERAL INVESTMENT DISCLOSURE The information available on modernalgos.com and 360algos.com is designed to assist users in making investment and trading decisions. However, it should not be considered as a recommendation or solicitation for investment.

  • All investment decisions are made at the user's discretion and risk.
  • Past performance does not guarantee future returns.
  • Content and performance data are for illustration purposes only and may include backtested/simulated results.
  • Users should be aware of risks associated with derivatives trading, market volatility, and other factors.

LIMITATION OF LIABILITY Modern Algos, including its platforms modernalgos.com and 360algos.com, will not be liable for:

  • Direct, indirect, or incidental damages arising from service use.
  • Losses due to reliance on content, disruptions in services, or technical errors.
  • Failure to store or transmit data, including account details or trade executions.

EXCLUSION OF WARRANTIES The services on modernalgos.com and 360algos.com are provided "as is" and "as available." Modern Algos does not guarantee that:

  • The services will meet user expectations.
  • The services will be uninterrupted or error-free.
  • Any defects will be corrected.
Users access and use these platforms at their own risk.

JURISDICTION The Terms are governed by Indian law. Users consent to the exclusive jurisdiction of courts in Hyderabad, Telangana, for any disputes related to the use of modernalgos.com or 360algos.com.

REFUND POLICY & SUBSCRIPTION CANCELLATION For paid services on either platform:

  • Subscription fees are non-refundable.
  • Access to features is available until the end of the subscription period.

REFERRAL PROGRAM Modern Algos may offer referral programs applicable to modernalgos.com and 360algos.com. These programs are subject to modification or termination without prior notice.

TERMS OF USE – AUTOMATED BOTS Specific terms apply to the Automated Bots service offered through 360algos.com:

  • Execution: Automated Bots use daily Unique Access Tokens generated by brokers. Users must log in daily to enable these tokens.
  • Responsibility: Users are solely responsible for configuring and using Automated Bots.
  • Risk of Loss: Users acknowledge potential financial losses from Automated Bot operations.
  • Daily Login Requirement: A login before 9:15 AM is mandatory for uninterrupted service.
Further details about Automated Bots can be found in the "Automated Bots Terms" section of the 360algos.com platform.

CONTACT US For any queries or concerns regarding these Terms, please contact: