This Risk Disclosure Document explains the material risks associated with securities-market investments and with acting upon research recommendations issued by CandleSignals, the research services brand of B-CUBE Consulting Private Limited.The same substantive document is presented to clients through the CandleSignals eKYC and onboarding portal for review and electronic acceptance and forms part of the contractual framework governing the provision of research services.
Estimated reading time: 20–25 minutes
| Particular | Details |
|---|---|
| Document | Risk Disclosure Document |
| Version | 1.0 |
| Effective Date | 1st July 2026 |
| Last Reviewed | 21 July 2026 |
| Applicable To | All clients availing research services |
| Regulatory Framework | SEBI (Research Analysts) Regulations, 2014 |
Access all regulatory disclosures, investor information, grievance mechanisms, statutory policies and accessibility documents published by CandleSignals.
Use the expandable sections below to navigate this Agreement. Each Part contains related clauses governing the provision of research services by CandleSignals.
Investments in securities markets are subject to market risks.
The value of investments may increase or decrease depending upon market conditions.
There is no assurance or guarantee that investment objectives will be achieved.
The Client may suffer partial or complete loss of invested capital.
Securities prices are influenced by numerous factors including:
These factors may adversely affect investment performance.
Investments in equity shares involve risks including:
Share prices may decline substantially or become worthless.
Investments in:
may involve substantial risk.
Losses in derivative instruments may exceed initial capital deployed.
Leverage may magnify both gains and losses.
Certain securities may suffer from low liquidity.
The Client may not be able to:
during periods of market stress or low trading activity.
Market prices may fluctuate significantly within short periods.
Volatility may arise due to:
High volatility may result in substantial losses.
Performance of securities may be adversely affected by:
Such events may negatively impact shareholder value.
Investments concentrated in specific sectors may be affected by:
Sector performance may differ significantly from broader market performance.
Investments concentrated in a limited number of securities, sectors, themes, market capitalizations, or investment styles may be exposed to higher levels of risk than diversified investments.
Losses arising from concentration may be significantly higher during adverse market conditions.
Investments in small-cap and mid-cap securities may involve:
Such investments may experience larger gains as well as larger losses compared to large-cap securities.
Investments may be affected by:
These factors may adversely affect market performance.
Investments may be directly or indirectly affected by:
Such developments may impact securities listed in India.
Changes in interest rates may impact:
Interest rate movements may negatively affect investment performance.
Changes in:
may affect investments and investment returns.
The success of any investment may depend upon:
Different investors may experience different outcomes even when acting on the same recommendation.
Securities may open significantly higher or lower than previous closing prices due to:
Such price gaps may result in losses exceeding anticipated levels and may affect stop-loss strategies.
The Research Analyst does not execute trades.
Investment outcomes may be affected by:
The Research Analyst shall not be responsible for such outcomes.
Investment performance may be affected by:
Corporate actions may materially affect investment outcomes.
Model Portfolios:
Actual portfolio performance may differ due to:
Past model portfolio performance does not guarantee future performance.
Research recommendations are not guaranteed to be suitable for every investor.
The appropriateness of any recommendation depends upon:
The Client remains solely responsible for determining suitability.
Research recommendations are based on information available at the time of issuance.
The Research Analyst may modify, revise, suspend, withdraw, update, or discontinue recommendations without prior notice if circumstances materially change.
Research analysis may rely upon:
Errors, omissions, delays, revisions, or inaccuracies in such data may affect research conclusions.
Research reports may utilize information obtained from public sources.
While such information is believed to be reliable:
The Research Analyst shall not be responsible for inaccuracies originating from third-party sources.
Investment returns may be affected by:
Clients should consult qualified tax professionals before making investment decisions.
Research Services may be delivered through:
Technology systems may experience:
These may affect delivery of research communications.
The Client may not receive communications due to:
The Client is responsible for maintaining valid communication channels.
Electronic systems may be exposed to:
No technology system can guarantee absolute security.
The Research Analyst may use:
AI systems may:
Clients should exercise independent judgment and should not rely solely on AI-generated content.
The Client acknowledges that:
There is no assurance that any recommendation will achieve its intended outcome.
The Client understands and acknowledges that:
Past performance is not indicative of future performance.
Historical returns, simulated returns, back-tested results, hypothetical performance, and model portfolio performance may differ significantly from future actual performance.
I/We hereby acknowledge and confirm that:
Note: This page is published for transparency and investor reference. Clients subscribe to CandleSignals research services only after completing the electronic onboarding process on the CandleSignals eKYC platform, where acceptance of this Agreement and other applicable regulatory documents is obtained electronically.