Disclaimer & Risk Disclosure

Last updated: 11 November 2026

1. Regulatory status

Dhanyug ("Dhanyug", "we", "us", "our") is not registered with the Securities and Exchange Board of India (SEBI) as an Investment Adviser under the SEBI (Investment Advisers) Regulations, 2013, as a Research Analyst under the SEBI (Research Analysts) Regulations, 2014, as a Portfolio Manager, or in any other capacity. We are not a stockbroker, sub-broker, authorised person or distributor of any financial product.

If Dhanyug obtains any SEBI registration in future, the registration type and number will be shown prominently on this page and on every page of this website.

2. Educational purpose only

All content provided by Dhanyug is published solely for general educational and informational purposes. This includes articles, videos, posts, threads, newsletters, programs, course materials, code, spreadsheets, backtests, charts, examples, webinars, live sessions and replies to questions. Its purpose is to explain concepts, methods and processes of systematic and quantitative trading.

3. No investment advice or recommendations

Nothing provided by Dhanyug is, or should be construed as:

• investment advice, financial advice, tax advice or legal advice;
• a research report or research recommendation;
• a recommendation, offer or solicitation to buy, sell or hold any security, derivative, fund or other financial instrument;
• an assessment that any security, strategy or trade is suitable for you.

Our content does not consider your personal financial situation, objectives, risk tolerance, tax position or experience.

4. No tips, calls or signals

Dhanyug does not provide, and never will provide while unregistered:

• stock tips, buy/sell/hold calls, entry or exit prices, stop-losses or price targets for any security;
• live or real-time trading signals, alerts or "setups";
• portfolio management, account handling or trading on anyone's behalf;
• any promise, assurance or guarantee of returns or profits.

Our educational examples use historical market data and are not intended to indicate any current or future trading opportunity.

5. Risk disclosure

Trading and investing in securities markets involve substantial risk and are not suitable for everyone. Before trading, you should understand at least the following risks:

• Loss of capital: you may lose part or all of the money you trade.
• Derivatives & leverage: futures and options are leveraged. Losses can be rapid, can exceed your initial margin, and margin calls may require additional funds at short notice.
• SEBI findings: according to studies published by SEBI, 9 out of 10 individual traders in the equity futures & options segment incurred net losses. Loss-makers also bore significant transaction costs on top of their trading losses.
• Market risk: prices can move sharply because of economic, political, global, company-specific or other events beyond anyone's control.
• Liquidity & slippage: you may not be able to buy or sell at the price you expect, especially in small-cap, illiquid or circuit-bound stocks. Actual fills can differ materially from model prices.
• Gap risk: prices can open far above or below the previous close, so stop-loss orders may execute at much worse prices or not at all.
• Costs & taxes: brokerage, Securities Transaction Tax, exchange and regulatory charges, stamp duty, GST and income tax reduce returns, often materially for frequent traders.
• Model risk: systematic strategies can stop working because market structure, participants or regulations change. A system that worked historically may fail in future.
• Technology risk: errors in code, data, platforms, internet connectivity or broker systems can cause unintended trades or losses.
• Behavioural risk: many traders abandon rules during drawdowns or increase risk after gains, leading to worse results than any backtest.

Only trade with money you can afford to lose. Do not borrow to trade.

6. Backtested & hypothetical results

Backtests, simulations, model portfolios and other hypothetical results shown in our content have inherent limitations:

• They are prepared with the benefit of hindsight and do not represent actual trading.
• They may not fully account for transaction costs, taxes, slippage, liquidity, market impact, execution delays or corporate actions.
• They may be affected by data errors, survivorship bias, look-ahead bias or overfitting despite reasonable efforts to avoid them.
• They do not reflect the emotional and financial pressures of real trading, which can significantly affect decisions.
• Small changes in rules, parameters, start dates or data sources can produce very different results.

No representation is made that any account will or is likely to achieve results similar to those shown. Actual results can differ materially and adversely from hypothetical results.

7. Past performance

Past performance, whether actual or hypothetical, is not indicative of and does not guarantee future results. Historical returns of any market, index, strategy or security are shown only to explain concepts.

8. Data & accuracy

Our content may rely on data from exchanges, data vendors and other third-party sources. We make reasonable efforts to use reliable data but do not guarantee its accuracy, completeness or timeliness. Content may contain errors or become outdated, and we are under no obligation to update it.

9. Securities mentioned

Any company, security, index, sector, ETF or fund named in our content is mentioned only to illustrate a concept, method or historical example. It is not an endorsement or a recommendation, and should not be treated as a signal to trade that instrument.

10. Personal positions & conflicts of interest

The founders, team members or associates of Dhanyug may trade or hold positions in securities, sectors or instruments discussed in our educational content, including systematically through their own trading systems. Where we discuss a specific security in which we hold a position at the time of publication, we will disclose it. We do not trade against, or for the purpose of profiting from, our audience's reaction to our content.

11. Programs & outcomes

Dhanyug programs, courses and mentorship are educational services. Fees are paid for education and learning materials only, not for advice, recommendations or trading results. No program guarantees any profit, income, employment or trading outcome. Testimonials, if any, reflect individual experiences and are not representative of results others will achieve. Completing a Dhanyug program does not confer any SEBI registration or qualification to advise others.

12. Third-party links & tools

Our content may reference or link to third-party websites, brokers, data providers, software or platforms. These are provided for convenience only. We do not control or endorse them and are not responsible for their content, services, accuracy or security. If we ever receive compensation for a referral, we will clearly disclose it alongside the link.

13. Social media

This disclaimer applies equally to content published on Dhanyug's social media accounts, including X (Twitter), YouTube, Instagram, LinkedIn and Telegram, and to any comments, replies or direct messages. Short-form posts cannot carry a full disclaimer, so this page governs all of them.

14. Beware of impersonation & fraud

Dhanyug will never:

• ask you for your trading or demat account login, password, OTP or PIN;
• ask you to transfer money to trade on your behalf or to "guarantee" profits;
• offer paid tips, "premium calls" or signal groups on WhatsApp, Telegram or any other platform;
• contact you from any email domain other than @dhanyug.com.

If someone claiming to represent Dhanyug does any of the above, it is a fraud. Do not engage, and report it to us at support@dhanyug.com and to the authorities (for example the National Cyber Crime portal at cybercrime.gov.in, or SEBI's SCORES platform for securities-market complaints).

15. Limitation of liability

To the maximum extent permitted by applicable law, Dhanyug, its founders, team members, partners and associates shall not be liable for any direct, indirect, incidental, consequential or special loss or damage, including trading losses, loss of profits or loss of data, arising from or in connection with the use of, or reliance on, any Dhanyug content or program. You use our content entirely at your own risk.

16. Seek independent advice

Before making any investment or trading decision, do your own research and consult a SEBI-registered Investment Adviser and, where relevant, a qualified tax professional. You can verify an adviser's registration on the SEBI website (sebi.gov.in).

17. Changes & contact

We may update this disclaimer from time to time. The "Last updated" date above shows the latest version, which applies from the date of publication. For questions about this disclaimer, write to support@dhanyug.com.

See also our Terms of Use and Privacy Policy.