The terms of your complimentary trial
What the free trial is, what it is not, what we record, and how access can be paused or withdrawn.
1. The trial is free
Desvelado offers prospective clients a free trial of a limited selection of its research content, at no cost.
No KYC is required to access the free trial. The KYC obligation attaches to a client relationship for which a fee is charged; the free trial charges nothing, so it does not arise at this stage. KYC and a signed agreement are completed before any paid service begins.
The trial exists so that you can evaluate the quality and suitability of our research and make an informed, independent decision about whether to subscribe. It is not itself a subscription to a regulated service.
2. What happens before any trial content reaches you
Interaction logging from first contact. From the moment you sign up — including any later email, WhatsApp or telephone exchange with us — your interaction is logged and retained for five years under our Record Retention and Interaction Policy. This applies to prospective clients, not only to fee-paying ones.
Terms and consent. Consistent with clause 1.12 of the SEBI Master Circular for Research Analysts dated 6 February 2026, you are shown these Trial Terms, the Terms of Use and the Privacy Policy, and asked to tick a box recording your agreement, with the date and time, before trial content is delivered. Full KYC and Aadhaar e-sign are not required for the trial — those apply only when you convert to a paid plan.
3. Scope and limits
The trial provides access to a limited selection of our research content, for evaluation only.
The trial involves no trade execution. We will never ask you for trading, demat or bank credentials, or for an OTP, during the trial — exactly as we would not for a paid client.
No content shown during the trial implies or assures any return. The mandatory disclaimer in our RA Disclosures applies equally to trial content.
We may limit the duration, frequency or scope of the trial, and may modify or discontinue the trial offering at any time, with reasonable notice published on this site.
4. Converting to a paid plan
Conversion requires your explicit action — selecting and paying for a plan. We will never auto-convert a free trial into a paid subscription.
Before any paid service is rendered you must complete full onboarding, including PAN and Aadhaar-based KYC, and execute the Research Services Agreement, Annexure B and the MITC by Aadhaar e-sign.
The fee, refund and risk terms that apply after conversion are set out in those documents and in the Refund and Cancellation Policy. Please read them before converting.
5. Paid trials are not currently offered
We may in future introduce a paid trial — for example a nominal evaluation fee. This is not currently offered.
If introduced, a paid trial at any price, however nominal, would require the same full KYC procedure as a full-price client, completed before the fee is charged rather than after. Any such offering would be governed by separate terms published at that time.
6. Your acknowledgement
By starting the trial you acknowledge that you have read and understood these Trial Terms, the Terms of Use and the Privacy Policy; that the trial is for evaluation only and is not financial advice tailored to your circumstances; that your interactions with us from signup onward are logged and retained as described in section 2; and that conversion to a paid plan requires the additional steps in section 4 and will not happen automatically.
7. Withdrawal, suspension and erasure of individual access
We may suspend or withdraw your trial access at any time, without notice, where we reasonably believe it is being used to redistribute our research, to breach these terms or the Terms of Use, or where required by law or by SEBI. Where we do so we will tell you at the address you registered with, and you may write to support@desvelado.in to ask us to reconsider.
Access is also paused automatically if we do not hold a record of your agreement to these Trial Terms. Nothing is withdrawn in that case and your dates do not change: accepting in the portal resumes access immediately.
You may end your trial and ask us to erase your details at any time by writing to support@desvelado.in. We keep the email address itself, and the fact that a trial was used, because one complimentary trial is available per address — we cannot enforce that rule against an address we have forgotten. Records we are required to retain under Regulation 25(1) and our Record Retention Policy are kept for the five years that obligation runs, and are not deleted on request.
Membership of any WhatsApp research group we operate depends on both your agreement to these terms and your separate permission to be contacted. Withdrawing either — in the portal, by replying STOP, or by writing to us — removes you from the group.
Reaching us, and escalating
Write to support@desvelado.in first — we acknowledge promptly and resolve within 21 days of receipt, as required by the SEBI Investor Charter of 2 June 2025. If you are not satisfied, you may escalate to SEBI through SCORES 2.0, or seek conciliation or arbitration through Smart ODR. The full ladder, with addresses, is on our grievance page and in the Investor Charter.
We use AI tools to help draft and summarise research. Every output is reviewed by a person before publication and Desvelado remains fully responsible for it — the extent of that use is set out in our disclosures.