Mandatory SEBI Risk Disclosure on Derivatives:

1). 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.

2). On an average, loss makers registered net trading loss close to ₹ 50,000.

3). Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.

4). Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Mandatory SEBI Disclosures:

Rocket Trades have no material adverse disciplinary history as on the date of publication of this report / research recommendation.

Research Analyst has no associates.

Rocket Trades or its employee or its associates may have beneficial ownership of 1% or more in the subject company at the end of the month immediately preceding the date of publication of the Research Report / research recommendation.

Rocket Trades or its employee or its associates does not have any financial interest in the subject company.

Rocket Trades or its employee or its associates have no actual or potential conflicts of interest arising from any connection to or association with any issuer of products/ securities, including any material information or facts that might compromise its objectivity or independence in the carrying on of recommendation services at the time of publication of the research report.

Rocket Trades or its employee or its associates have not received any kind of remuneration or consideration or compensation form the subject company or from anyone in connection with the research report / research recommendation in the past twelve months.

The subject company was not a client of Rocket Trades during twelve months preceding the date of distribution of the research report / research recommendation.

Rocket Trades or its employee or its associates have not served as an officer, director or employee of the subject company.

Rocket Trades or its employee or its associates have not been engaged in market making activity of the subject company.

The research analyst has not used/ used artificial intelligence tools for preparation of the research report / research recommendation.

Five voluntary commitments Rocket Trades makes above the SEBI baseline:

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1). Voluntary non-trading declaration: — a personal standard, not a legal requirement.

SEBI permits Research Analysts to trade in instruments they recommend, subject to disclosure requirements. Rocket Trades’ principal analyst has made a voluntary personal choice: never to trade Futures or Options on their personal account. This is declared in writing in the regulatory disclaimer. It is not a criticism of analysts who trade — it is a personal standard set to ensure research is built entirely around the client’s position.

2). Selective call discipline: — conviction over frequency.

SEBI places no regulatory limit on the number of research calls an analyst may issue. Rocket Trades has voluntarily chosen 30–40 calls per year, governed by strict internal conviction criteria. Every session that does not meet our research threshold is communicated as a NIL — a formal message confirming no trade is advised that day.

3). Immediate hold-below-SL communication:— within 24 hours.

When a stop-loss is breached, Rocket Trades commits to an immediate written update — mostly within the same market session — containing the specific research rationale for holding or exiting, the revised SL level, and the explicit option to exit independently. Proactive communication during a drawdown is a voluntary standard we have committed to in writing.

4). Closed Research Circle:— individual position tracking at every step.

SEBI requires research recommendations to reach registered clients — the delivery channel is the analyst’s choice. Rocket Trades has chosen a small, closed client model where every client’s entry price, lot count, and deviation from advised levels is individually tracked. This individual tracking is what makes the written accountability pledge operationally credible.

5). Voluntary Accountability Clause: — above the fee framework.

SEBI mandates an annual fee for Research Analysts — a sound regulatory principle that prevents performance-fee conflicts. Within this same framework, Rocket Trades has voluntarily added: when a research call results in a loss, the next subscription fee is paused until recovery is complete. This written undertaking is not required by SEBI. It is a voluntary accountability standard.

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