Vision, services, investor rights and timelines, for Research Analyst INH000020004.
Last updated 2026-08-26 · Research Analyst · SEBI INH000020004
Draft — not yet reviewed
This page is a working draft. It has not been reviewed or approved by a SEBI compliance advisor,
and the items marked TO BE CONFIRMED are facts that have not been supplied
yet. It is served noindex, so search engines will not list it. Do not rely on it.
SEBI prescribes the structure and much of the wording of an
Investor Charter by circular. The structure below follows it and the wording is plain English; the
text must be reconciled against the current circular before this page is published.
Vision
To help retail participants in Indian markets understand what they are doing before they risk money on it, through analysis and education that states its own assumptions.
Mission
To provide research and analytical tools whose method is visible, so a user can judge the output rather than take it on trust.
To label the provenance of every number, so simulated and sample data can never be mistaken for recorded market prices.
To disclose interests and conflicts plainly, and to deal with grievances within the timelines published on this site.
Services provided
Option chain analytics, payoff and Greeks computation, and volatility analysis.
Screeners and dashboards over exchange-published data.
Simulated trading and strategy testing, using no real money and placing no orders.
Written educational material.
Research services are provided by 5 Circles Private Limited, Research Analyst, INH000020004, membership of the Research Analyst Administration and Supervisory Body TO BE CONFIRMED.
Rights of investors
To be dealt with fairly, honestly and in good faith.
To receive the disclosures required of a Research Analyst before you rely on anything published.
To be told the basis of any research, including its assumptions and its limitations.
To have your grievance received, acknowledged and resolved within the timelines below, and to escalate it to SEBI if you are not satisfied.
To privacy: your information is not sold, and is not shared except where the law requires it.
Timelines
Activity
Timeline
Acknowledgement of a grievance
TO BE CONFIRMED
Resolution of a grievance
TO BE CONFIRMED
Providing a copy of your data on request
TO BE CONFIRMED
Retention of research records
As required of a Research Analyst under SEBI regulations
Do
Deal only with a SEBI-registered Research Analyst, and check the registration number on the SEBI website before you do.
Read the disclosures, the disclaimer and the assumptions behind any analysis.
Pay fees only to the entity's own account, and always against an invoice.
Keep a record of your dealings.
Don't
Do not act on any assurance of guaranteed returns. No registered Research Analyst may offer one, and anyone who does is telling you something about themselves.
Do not share your account password, your broker credentials or your OTPs with anyone, including anyone claiming to be from us. We will never ask.
Do not deal on the basis of unsolicited messages, tips or social-media groups claiming to represent us.
Do not pay any individual in a personal capacity for research services.