Disclaimer

1. Regulatory Status

HMS is NOT registered with SEBI as a Research Analyst (RA), Investment Adviser (IA), Portfolio Manager (PM), Alternative Investment Fund (AIF), or any intermediary under the SEBI Act, 1992. Accordingly, HMS does not provide:

• Research reports
• Buy/sell/hold recommendations
• Personalized or non-personalized investment advice
• Trading calls
• Portfolio management services
• Return or performance guarantees

All content is purely educational.

2. Compliance with SEBI Circular — SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2025/11 (dated January 29, 2025)

"Person Engaged Solely in Education" — Definition

As per the SEBI Circular, a "person engaged solely in education" means a person who is not engaged in any of the two prohibited activities, and does not use market price data of the preceding three months to speak, talk about, or display the name or code of any security in a manner indicating future price, advice, or recommendation, including in videos, talks or speeches, tickers or scrollers, screen-sharing, presentations, or any other format. HMS strictly adheres to this definition. HMS does not use last three month market price data of any security in any form to make forward-looking statements, predictions, or suggestions.

Prohibited Activities — Not Conducted by HMS

In line with the SEBI Circular, HMS does NOT provide advice, suggestions, recommendations, or create an impression of advising in respect of any security or securities. Only general education, concepts, and astrology-based learning material is shared, without actionable implications.

HMS does NOT make any claim, express or imply any return, predict performance, or assure gains or profits in relation to any security or securities, unless explicitly permitted by SEBI.

Permissible Content under RA Regulations

While offering financial literacy, HMS may discuss general market trends, broad-based indices, economic, political, or market conditions, technical or sector-level demand and supply, statistical summaries, and astrological interpretations of broad market behaviour. These fall under the exemptions to "research report" under SEBI RA Regulations and do not constitute research analysis or recommendations.

Compliance with SEBI IA Regulations

Under SEBI IA Regulations, HMS does not provide investment advice, does not suggest buying or selling any security, does not provide portfolio advice, and does not give trading calls (expressly excluded under IA Regulations). Any information widely available to the public for educational purposes — including a website — is not investment advice under the Regulations.

3. Nature of Content

All content on the Website is general, non-personalized, based on astrology and financial literacy, not intended to influence investment decisions, and not meant for market forecasting. Courses are meant only to enhance conceptual understanding.

4. No Guarantees

HMS does not guarantee:

• Profit
• Prevention of loss
• Accuracy of interpretations
• Factual correctness of future market behaviour
• Results from following course material

Past discussions or examples do not guarantee future outcomes.

5. Risk Disclosure

Financial markets involve risk. Users acknowledge that:

• They act independently
• They will seek guidance from a SEBI-registered IA or RA before making any investment decisions
• HMS is not liable for financial decisions made based on Website content

6. Third-Party Content Disclaimer

Any third-party links, references, or resources are provided for informational purposes only. HMS does not endorse, control, or assume responsibility for any third-party services.

7. No Substitute for Professional Advice

The content provided on the Website is not a substitute for professional financial, legal, or investment advice. Reliance on any information provided on this Website is solely at your own risk.

8. Limitation of Liability

To the maximum extent permitted by applicable law, HMS and its affiliates, directors, employees, agents, or licensors shall not be liable for:

• Monetary loss
• Trading or investment losses
• Indirect or consequential damages
• Business losses
• Any losses arising from reliance on Website content

If you do not agree with any part of this Disclaimer, please do not use or access the Website.

9. Consent

By accessing this Website, you acknowledge and agree to this Disclaimer in full. If you disagree with any part, please discontinue use of the Website.