SEBI Disclosures | Sukhanidhi Investment Advisors

Disclaimer

Registration granted by SEBI, enlistment with BSE Administration & Supervision Limited (BASL) and certification from the National Institute of Securities Markets (NISM) in no way guarantee performance of the Investment Adviser or provide any assurance of returns to investors.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
No investment advice is provided during any introductory or discovery call. Any informal discussion before a client agreement is signed and fees are paid is not investment advice.
Sukhanidhi does not offer stock tips, F&O/derivative calls, or any assured, fixed or guaranteed returns. Anyone claiming to offer these in the name of Sukhanidhi or Vinayak Savanur is not authorised to do so.
Investment advice provided to a client is for that client's use only and must not be redistributed, in line with SEBI's Advertisement Code for Investment Advisers.
Past performance, including any backtested or model results, is not indicative of future returns.

Registration Details (as required by SEBI)

Name of Investment Adviser: Vinayak Savanur
Trade name / Brand: Sukhanidhi Investment Advisors
Type of registration: Individual
SEBI registration number: INA200015246
Validity of registration: Perpetual, with effect from 30 September 2020
BASL enlistment ID: 1199
Correspondence address: Sannidhi, LIG-42, 6th Cross, Navanagar, Hubballi-Dharwad, Karnataka – 580025
Correspondence email: info@sukhanidhi.in
All complaints and grievances should be sent to this email address.
Telephone: +91 90358 45843
SEBI office (Karnataka): SEBI Local Office, 2nd Floor, Jeevan Mangal Building, No. 4, Residency Road, Bengaluru – 560025, Karnataka
SEBI SCORES: scores.sebi.gov.in · SCORES app (Android)
Online Dispute Resolution (ODR): smartodr.in · SEBI circular on ODR
Verify registration: SEBI list of registered Investment Advisers

Complaint Data

Updated monthly, by the 7th of each month. Data as on:

A. Data for the month ending,

* Inclusive of complaints of previous months resolved in the current month. # Inclusive of complaints pending as on the last day of the month. ^ Average resolution time is the sum total of time taken to resolve each complaint, in days, in the current month divided by the total number of complaints resolved in the current month.

B. Trend of monthly disposal of complaints – FY

* Inclusive of complaints of previous months resolved in the current month. # Inclusive of complaints pending as on the last day of the month.

C. Trend of annual disposal of complaints

* Inclusive of complaints of previous years resolved in the current year. # Inclusive of complaints pending as on the last day of the year.

Compliance Audit Status

Grievance Redressal / Escalation Matrix

Sukhanidhi is an individual Investment Adviser practice. All roles below are held by Vinayak Savanur. Email is the fastest and preferred way to raise a concern, as calls may be missed during client meetings.

Designation	Contact person	Address	Contact no.	Email ID	Working hours
Customer Care	Vinayak Savanur	Sannidhi, LIG-42, 6th Cross, Navanagar, Hubballi-Dharwad, Karnataka – 580025	+91 90358 45843	info@sukhanidhi.in	10 AM – 6 PM, Mon–Fri (except public holidays)
Head of Customer Care	Vinayak Savanur	Sannidhi, LIG-42, 6th Cross, Navanagar, Hubballi-Dharwad, Karnataka – 580025	+91 90358 45843	info@sukhanidhi.in	10 AM – 6 PM, Mon–Fri (except public holidays)
Compliance Officer	Vinayak Savanur	Sannidhi, LIG-42, 6th Cross, Navanagar, Hubballi-Dharwad, Karnataka – 580025	+91 90358 45843	info@sukhanidhi.in	10 AM – 6 PM, Mon–Fri (except public holidays)
Principal Officer	Vinayak Savanur	Sannidhi, LIG-42, 6th Cross, Navanagar, Hubballi-Dharwad, Karnataka – 580025	+91 90358 45843	info@sukhanidhi.in	10 AM – 6 PM, Mon–Fri (except public holidays)

If your grievance is not resolved within 21 days, you may escalate it on SEBI SCORES (scores.sebi.gov.in) and thereafter on SMART ODR (smartodr.in).

SEBI Investor Charter in respect of Investment Advisers (IAs)

A. Vision and Mission Statements for investors

Vision: Invest with knowledge & safety.
Mission: Every investor should be able to invest in right investment products based on their needs, manage and monitor them to meet their goals, access reports and enjoy financial wellness.

B. Details of business transacted by the Investment Adviser with respect to the investors

To enter into an agreement with the client providing all details including fee details, aspects 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 conduct audit annually.
To disclose the status of complaints on its website.
To disclose the name, proprietor name, type of registration, registration number, validity, complete address with telephone numbers and associated SEBI office details (i.e. Head office / regional / local office) on 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.
To ensure that all advertisements are in adherence to the provisions of the Advertisement Code for Investment Advisers.
Not to discriminate in terms of services provided among clients opting for same/similar products/services offered by the investment adviser.

C. Details of services provided to investors (no indicative timelines)

Onboarding of clients
- Sharing of agreement copy
- Completing KYC of clients
Disclosure to clients
- To provide full disclosure about its business, affiliations and compensation in the agreement.
- To not access client's accounts or holdings for offering advice.
- To disclose the risk profile to the client.
- To disclose any conflict of interest of the investment advisory activities with any other activities of the investment adviser.
- To disclose the extent of use of Artificial Intelligence tools in providing investment advisory services.
To provide investment advice to the client based on the risk-profiling of the clients and suitability of the client.
To treat all advisory clients with honesty and integrity.
To make adequate disclosure to the investor of all material facts such as risks, obligations, costs, etc. relating to the products or securities advised by the adviser.
To provide clear guidance and adequate caution notice to clients when providing investment advice for dealing in complex and high-risk financial products/services.
To ensure confidentiality of information shared by clients unless such information is required to be provided in furtherance of discharging legal obligations or a client has provided specific consent to share such information.
To disclose the timelines for the various services provided by the investment adviser to clients and ensure adherence to the said timelines.

D. Details of grievance redressal mechanism and how to access it

Investor can lodge complaint/grievance against Investment Adviser in the following ways:
- Mode of filing the complaint with the investment adviser: In case of any grievance/complaint, an investor may approach the concerned Investment Adviser, who shall strive to redress the grievance immediately, but not later than 21 days of the receipt of the grievance.
- Mode of filing the complaint on SCORES or with the Investment Adviser Administration and Supervisory Body (IAASB):
  1. SCORES 2.0 (a web-based centralized grievance redressal system of SEBI for facilitating effective grievance redressal in a time-bound manner) (https://scores.sebi.gov.in). Two-level review for complaint/grievance against investment adviser:
    - First review done by designated body (IAASB)
    - Second review done by SEBI
  2. Email to designated email ID of IAASB.
If the investor is not satisfied with the resolution provided by the market participants, then the investor has the option to file the complaint/grievance on the SMART ODR platform for its resolution through online conciliation or arbitration.
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.

E. Rights of investors

Right to Privacy and Confidentiality
Right to Transparent Practices
Right to fair and Equitable Treatment
Right to Adequate Information
Right to Initial and Continuing Disclosure
- Right to receive information about all the statutory and regulatory disclosures
Right to Fair & True Advertisement
Right to Awareness about Service Parameters and Turnaround Times
Right to be informed of the timelines for each service
Right to be Heard and Satisfactory Grievance Redressal
Right to have timely redressal
Right to Suitability of the Financial Products
Right to Exit from Financial product or service in accordance with the terms of agreement with the investment adviser
Right to receive clear guidance and caution notice when dealing in Complex and High-Risk Financial Products and Services
Additional Rights to vulnerable consumers
- Right to get access to services in a suitable manner even if differently abled
Right to provide feedback on the financial products and services used
Right against coercive, unfair, and one-sided clauses in financial agreements

F. 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 available on the SEBI website.
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. You may make payment of advisory fees through the Centralised Fee Collection Mechanism (CeFCoM) of IAASB if the investment adviser has opted for the mechanism.
Always ask for your risk profiling before accepting investment advice. Insist that the Investment Adviser provides advice strictly on the basis of your risk profiling and takes 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.
Always be aware that you have the right to exit the service of an Investment Adviser.
Always be aware that you have the right to seek clarifications and clear guidance on advice.
Always be aware that you have the right to provide feedback to the Investment Adviser in respect of services received.
Always be aware that you will not be bound by any clause, prescribed by the investment adviser, which is contravening any regulatory provisions.

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 rumours.
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 discounts or other incentives, 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 credentials and passwords of your trading, demat or bank accounts with the Investment Adviser.

SEBI Investor Awareness

SEBI requires Investment Advisers to display the following investor awareness banners.

Download SEBI's investor education app Saa₹thi and visit investor.sebi.gov.in for investor education resources.

Other Disclosures

Nature of practice and conflicts of interest

Sukhanidhi is a fee-only advisory practice. The Investment Adviser does not receive commissions, referral fees, trail income or any other compensation from product manufacturers, AMCs, brokers or distributors in respect of advice given to clients.
The Investment Adviser does not provide distribution services and does not execute transactions or handle client funds or securities.
Other business activities of the Investment Adviser, if any, and any resulting conflicts of interest are disclosed in full in the client agreement.

Use of Artificial Intelligence tools

The Investment Adviser uses general-purpose Artificial Intelligence (AI) tools only in a limited, supporting role, such as:

summarising publicly available research, regulatory circulars, fund documents and market data;
assisting with data analysis, calculations and preparation of charts and reports; and
drafting and proofreading client communication, newsletters and educational content.

AI tools are not used to make investment decisions, to carry out risk profiling or suitability assessment, or to generate recommendations automatically. Every piece of investment advice is prepared, reviewed and issued personally by Vinayak Savanur, who remains fully responsible for it.

Personally identifiable client information (such as name, PAN, contact details, account numbers or holdings linked to a named client) is not entered into public AI tools. Where client data must be analysed, it is anonymised first.

Clients may ask at any time how AI tools were used in preparing any advice or report given to them.

Most Important Terms and Conditions (MITC)

The MITC applicable to all advisory clients forms part of the client agreement.

Unsolicited stock tips

Investors may report unsolicited stock tips or recommendations in stocks and equity derivatives via the details available on BSE's Attention Investors page. BSE press releases are available here.

Integrity pledge

The Central Vigilance Commission (CVC) encourages citizens to take a pledge against bribery and corruption. You may take the Integrity Pledge on the CVC website.

Privacy, Refund & Liability Policies

Privacy policy

As specified by SEBI regulations, an investment adviser shall seek from its clients information about their financial situation, investment experience and investment objectives relevant to the services to be provided, and shall maintain confidentiality of such information. Client information is not shared with any third party except where required by law or regulation, or with the client's specific consent.

Refund and cancellation policy

As specified by SEBI regulations, in the event of premature termination of the Investment Adviser's services, the client shall be refunded the fees for the unexpired period. However, the Investment Adviser may retain a maximum breakage fee not greater than one quarter's fee.

Limitation of liability

As specified by SEBI regulations, the Investment Adviser shall not incur any liability by reason of any loss which a client may suffer by reason of any depletion in the value of the assets under advice, which may result by reason of fluctuation in asset value, or by reason of non-performance or under-performance of the securities/funds or any other market conditions.

Payment of fees

Advisory fees are accepted only through banking channels in the name of the Investment Adviser. Never pay fees in cash or to any third-party account.