Terms and Conditions

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. Please read these terms carefully before using our services.

Most Important Terms and Conditions (MITC):

Forming part of the Terms and Conditions for providing research services

  • 1. These terms and conditions, and consent thereon are for the research services provided by the Research Analyst (RA) and RA cannot execute/carry out any trade (purchase/sell transaction) on behalf of, the client. Thus, the clients are advised not to permit RA to execute any trade on their behalf.
  • 2. The fee charged by RA to the client will be subject to the maximum of amount prescribed by SEBI/ Research Analyst Administration and Supervisory Body (RAASB) from time to time (applicable only for Individual and HUF Clients).
  • Note:
    • 1. The current fee limit is Rs 1,51,000/- per annum per family of client for all research services of the RA.
    • 2. The fee limit does not include statutory charges.
    • 3. The fee limits do not apply to a non-individual client / accredited investor.
  • 3. RA may charge fees in advance if agreed by the client. Such advance shall not exceed the period stipulated by SEBI; presently it is one quarter. In case of pre-mature termination of the RA services by either the client or the RA, the client shall be entitled to seek refund of proportionate fees only for unexpired period.
  • 4. Fees to RA may be paid by the client through any of the specified modes like cheque, online bank transfer, UPI, etc. Cash payment is not allowed. Optionally the client can make payments through Centralized Fee Collection Mechanism (CeFCoM) managed by BSE Limited (i.e. currently recognized RAASB).
  • 5. The RA is required to abide by the applicable regulations/ circulars/ directions specified by SEBI and RAASB from time to time in relation to disclosure and mitigation of any actual or potential conflict of interest. The RA will endeavor to promptly inform the client of any conflict of interest that may affect the services being rendered to the client.
  • 6. Any assured/guaranteed/fixed returns schemes or any other schemes of similar nature are prohibited by law. No scheme of this nature shall be offered to the client by the RA.
  • 7. The RA cannot guarantee returns, profits, accuracy, or risk-free investments from the use of the RA's research services. All opinions, projections, estimates of the RA are based on the analysis of available data under certain assumptions as of the date of preparation/publication of research report.
  • 8. Any investment made based on recommendations in research reports are subject to market risks, and recommendations do not provide any assurance of returns. There is no recourse to claim any losses incurred on the investments made based on the recommendations in the research report. Any reliance placed on the research report provided by the RA shall be as per the client's own judgement and assessment of the conclusions contained in the research report.
  • 9. The SEBI registration, Enlistment with RAASB, and NISM certification do not guarantee the performance of the RA or assure any returns to the client.
  • 10. For any grievances:
    • Step 1: The client should first contact the RA using the details on its website or following contact details: Escalation Matrix
    • Step 2: If the resolution is unsatisfactory, the client can also lodge grievances through SEBI's SCORES platform at www.scores.sebi.gov.in
    • Step 3: The client may also consider the Online Dispute Resolution (ODR) through the Smart ODR portal at https://smartodr.in
  • 11. Clients are required to keep contact details, including email id and mobile number/s updated with the RA at all times.
  • 12. The RA shall never ask for the client's login credentials and OTPs for the client's Trading Account Demat Account and Bank Account. Never share such information with anyone including RA.

Mandatory Terms and Conditions:

RAs shall disclose to the client the terms and conditions of the research services offered including rights and obligations. RAs shall ensure that neither any research service is rendered nor any fee is charged until consent is received from the client on the terms and conditions.

  • 1. 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.
  • 2. Obligations on RA: 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.
  • 3. 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 check KYC records of the clients with KYC Registration Agency (KRA) as specified by SEBI from time to time.
  • 4. Standard Terms of Service: The consent of client shall be taken on the following understanding:
    "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 of the RA that:
    • i. It is duly registered with SEBI as an RA pursuant to the SEBI (Research Analysts) Regulations, 2014 and its registration details are:
      • Registration Number: INH200009935
      • Registration Date: June 30, 2022
      • BSE Enlistment No. 5592
    • ii. It has registration and qualifications required to render the services contemplated under the RA Regulations, and the same are valid and subsisting;
    • iii. Research analyst services provided by it do not conflict with or violate any provision of law, rule or regulation, contract, or other instrument to which it is a party or to which any of its property is or may be subject;
    • iv. The maximum fee that may be charged by RA is ₹1.51 lakhs per annum per family of client.
    • v. The recommendations provided by RA do not provide any assurance of returns.
    • Additionally, if RA is an individual, declaration that:
    • i. It is not engaged in any additional professional or business activities, on a whole-time basis or in an executive capacity, which interfere with/influence or have the potential to interfere with/influence the independence of research report and/or recommendations contained therein.
  • 5. 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 mode(s)/ mechanism(s).
  • 6. Risk factors: Investment in securities markets are subject to market risks. The valuation of securities may increase or decrease depending on various factors affecting the securities markets. There is no guarantee or assurance that the investment objectives shall be achieved. Past performance may or may not be sustained in the future. Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds unless they can afford to take the risk of losing their investment. The research reports are prepared for the information of clients only and should not be construed as an offer or solicitation to buy or sell any securities. No client should act upon any recommendation or information given in the research report without understanding the nature and risk involved.
  • 7. Conflict of interest: The RA shall adhere to the applicable regulations/ circulars/ directions specified by SEBI from time to time in relation to disclosure and mitigation of any actual or potential conflict of interest.
    Modern Algos and 360Algos hereby disclose that its directors, employees, and associates may have positions in securities that are recommended in our research reports. We have established stringent policies to ensure that our research is based on fundamental and technical analysis and not influenced by any material interest. Any conflict of interest, if identified, will be promptly disclosed to clients.
  • 8. Termination of service and refund of fees: Disclosure that the RA may suspend or terminate rendering of research services to client on account of suspension/ cancellation of registration of RA by SEBI and shall refund the residual amount to the client.
    In case of suspension of certificate of registration of the RA for more than 60 (sixty) days or cancellation of the RA registration, RA shall refund the fees, on a pro rata basis for the period from the effective date of cancellation/ suspension to end of the subscription period.
  • 9. Grievance redressal and dispute resolution: Any grievance related to (i) non-receipt of research report or (ii) missing pages or inability to download the entire report, or (iii) any other deficiency in the research services provided by RA, shall be escalated promptly by the client to the person/employee designated by RA, in this behalf.
    The RA shall be responsible to resolve grievances within 7 (seven) business working days or such timelines as may be specified by SEBI under the RA Regulations.
    RA shall redress grievances of the client in a timely and transparent manner.
    Any dispute between the RA and his client may be resolved through arbitration or through any other modes or mechanism as specified by SEBI from time to time.
  • 10. Additional clauses:All additional voluntary clauses added by the RA should not be in contravention with rules/ regulations/ circulars of SEBI. Any changes in such voluntary clauses/document(s) shall be preceded by a notice of 15 days.
  • 11. 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.
  • 12. Most Important Terms and Conditions (MITC):RA shall also disclose MITC to their clients which shall be standardised by Industry Standards Forum (ISF) in consultation with SEBI and RAASB.
    RAs/research entity shall also include the following disclosure as part of the terms and conditions in their MITC:
    "The terms and conditions and the consent thereon are for the research services provided by the RA and RA cannot execute/ carry out any trade (purchase/ sell transaction) on behalf of the client. Thus, you are advised not to permit RA to execute any trade on your behalf."
  • 13. Optional Centralised Fee Collection Mechanism: RA Shall provide the guidance to their clients on an optional 'Centralised Fee Collection Mechanism for IA and RA' (CeFCoM) available to them for payment of fees to RA.

Additional Terms:

  • 1. Platform Services:modernalgos.com and 360algos.com (collectively referred to as "the Platforms") are digital platforms operated by Modern Algos that provide research and analysis services related to financial markets. The Platforms may offer various tools, calculators, educational content, and research reports to subscribers.
  • 2. 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.
  • 3. Subscription Plans: The Platforms offer various subscription plans with different features and access levels. All subscriptions are subject to the fee limitations outlined in the MITC section. Details of each subscription plan, including pricing and features, are available on the respective website. Subscription fees may be subject to applicable taxes.
  • 4. Renewal and Cancellation: Subscription fees are non-refundable. Subscriptions may auto-renew unless cancelled by the user before the renewal date. Users can cancel their subscription at any time through their account settings or by contacting customer support.
  • 5. 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.
  • 6. 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.
  • 7. Intellectual Property Rights: All content, features, and functionality on the Platforms, including but not limited to text, graphics, logos, icons, images, audio clips, digital downloads, data compilations, software, and research reports are the exclusive property of Modern Algos or its licensors and are protected by copyright, trademark, and other intellectual property laws. Reproduction, distribution, or unauthorized use of any materials from the Platforms is strictly prohibited.
  • 8. License to Use: Subject to these Terms, Modern Algos grants users a limited, non-exclusive, non-transferable, revocable license to access and use the Platforms and their services for personal, non-commercial purposes. Users shall not reproduce, distribute, modify, create derivative works of, publicly display, publicly perform, republish, download, store, or transmit any of the material on the Platforms without prior written consent.
  • 9. Prohibited Uses: Users shall not:
    • o Use the Platforms for any illegal purpose or in violation of any local, state, national, or international law
    • o Attempt to gain unauthorized access to the Platforms' systems or networks
    • o Use data mining, robots, or similar data gathering and extraction tools
    • o Interfere with or disrupt the operation of the Platforms or servers
    • o Impersonate or attempt to impersonate Modern Algos, its employees, or other users
    • o Upload or transmit viruses, malware, or other harmful code
    • o Use the Platforms in any manner that could disable, overburden, damage, or impair the site
    • o Engage in any other conduct that restricts or inhibits anyone's use or enjoyment of the Platforms
  • 10. User Contributions: Any content users may contribute to the Platforms must comply with these Terms. Users retain ownership of their contributions but grant Modern Algos a perpetual, worldwide, non-exclusive license to use, reproduce, modify, adapt, publish, and display such content. Modern Algos reserves the right to remove any user content that violates these Terms or is otherwise objectionable.
  • 11. Privacy Policy:Use of the Platforms is also governed by our Privacy Policy, which can be found at:
  • 12. 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.
  • 13. 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.
  • 14. Third-Party Links and Content:The Platforms may contain links to third-party websites or services. Modern Algos is not responsible for the content or practices of any linked websites or services. Such links should not be interpreted as endorsement by Modern Algos of those linked websites.
  • 15. 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.
  • 16. Indemnification: Users agree to indemnify, defend, and hold harmless Modern Algos, its affiliates, officers, directors, employees, and agents from any claims, liabilities, damages, losses, costs, or expenses arising from their use of the Platforms or violation of these Terms.
  • 17. Force Majeure:Modern Algos shall not be liable for any failure or delay in performance due to circumstances beyond its reasonable control, including but not limited to acts of God, natural disasters, pandemic, civil unrest, terrorist attacks, or governmental actions.
  • 18. Changes to the Platforms:Modern Algos reserves the right to modify, suspend, or discontinue the Platforms or any part thereof at any time without prior notice. Modern Algos shall not be liable for any modification, suspension, or discontinuance of the Platforms or any part thereof.
  • 19. Changes to These Terms:Modern Algos may revise these Terms at any time. The revised terms will be effective immediately upon posting. Continued use of the Platforms following the posting of revised terms constitutes acceptance of the changes. Users are encouraged to check this page periodically for any changes.
  • 20. Governing Law and Jurisdiction:These Terms shall be governed by and construed in accordance with the laws of India. Any disputes arising under these Terms shall be subject to the exclusive jurisdiction of the courts in Hyderabad, India.
  • 21. Severability: If any provision of these Terms is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall be enforced to the fullest extent under law.
  • 22. Non-Waiver: The failure of Modern Algos to enforce any right or provision of these Terms shall not constitute a waiver of such right or provision.
  • 23. Entire Agreement:These Terms, together with the MITC and Mandatory T&C, constitute the entire agreement between users and Modern Algos Private Limited regarding the use of the Platforms and services.
  • 24. Contact Information: For any questions about these Terms, please contact us at: