Legal · Disclaimer

A statement of integrity, not just a legal requirement

Last updated 16 July 2026

We say this not because we are required to, but because we believe the most important thing a trader can own is clear thinking about risk. A disclaimer written only to satisfy a lawyer protects the publisher; one written honestly protects the reader. This is meant to be the second kind.

1. What Bharath Shiksha is, and is not

Bharath Shiksha is an educational publisher. We produce learning material covering technical analysis, market structure, trading psychology, risk management and methodology, in the form of articles, guides, videos, tools and curriculum. We are not a SEBI-registered investment adviser, we are not a SEBI-registered research analyst, and we are not a broker, a portfolio manager, or a distributor of any financial product. Our role is to help you understand how markets and trading work, so that you can make your own informed decisions, or seek qualified advice, from a position of knowledge rather than confusion.

2. No advice, no tips, no signals, no recommendations

Nothing published by Bharath Shiksha constitutes investment advice, research advice, or a recommendation to buy, sell or hold any security, derivative, fund or other financial product. We do not provide tips, calls, signals, buy or sell lists, target prices, or model portfolios, and we never will. Where our material discusses a stock, an index, an instrument or a strategy, it does so only to illustrate a concept for education, not to suggest that you should act on it. Any specific example is chosen to teach a point, not to point you at a trade.

3. Trading and investing carry a real risk of loss

Markets can and do fall, and you can lose money, including a substantial part or the whole of your capital. Leveraged products such as futures and options carry a particularly high risk, because losses can exceed the margin you put up and can accumulate very quickly. This is not a theoretical caution. The Securities and Exchange Board of India found that about 93% of individual traders in equity derivatives made net losses over FY22 to FY24, with aggregate net losses exceeding 1.8 lakh crore rupees (SEBI, September 2024). We share that figure not to discourage learning, but because an honest education begins with an honest picture of the odds.

4. No guarantees; examples are illustrative

Past examples, historical illustrations, back-tested results and strategy discussions are presented for educational purposes only. They do not guarantee, imply or suggest any future outcome. Any numbers, prices, lot sizes, charts or scenarios in our material are illustrative and may be simplified, hypothetical, or drawn from the past; they are not a current specification and not a forecast. Past performance, whether of a market, a strategy or an example, is never a reliable guide to future results. No one, including us, can promise you a profit or a particular win rate, and any source that does should be treated with suspicion.

5. Your decisions are your own

Every person's financial situation, goals, risk tolerance and tax position are different, and no general educational material can account for yours. Nothing here is a personal recommendation. Before making any financial decision, you should do your own research and, where appropriate, consult a SEBI-registered investment adviser, a qualified financial professional, or a tax professional who can consider your individual circumstances. Any action you take in the markets is taken solely at your own discretion and your own risk, and you are responsible for its consequences.

6. Third-party content, links and tools

Our material may reference or link to third-party websites, data, books, platforms or tools for context or further reading. We do not control, endorse or take responsibility for third-party content, and a reference is not a recommendation of that third party. Any calculators or interactive tools we provide are educational aids that compute outputs from the inputs you enter; their results are illustrative, depend entirely on your assumptions, and are not advice or a prediction. Verify anything important with a primary source and your own judgement.

7. Accuracy, currency and changes

We try to be accurate and to reflect the rules and conditions as we understand them at the time of writing, but markets, regulations, tax rules, product features and data all change, and material can become outdated. We do not warrant that everything is complete, current or free of error, and we may update or correct content without notice. Where a figure is time-sensitive, such as a tax rate, a lot size or a regulatory threshold, confirm the current position from an official source before relying on it.

8. Limitation of liability

To the fullest extent permitted by law, Bharath Shiksha and its people shall not be liable for any loss or damage, whether direct, indirect, incidental or consequential, arising from your use of, or reliance on, any educational material, tool or information provided by us. You use our content on the understanding that it is educational, general in nature, and not a substitute for professional advice tailored to you.

9. Governing law

This disclaimer, and your use of Bharath Shiksha's content, are governed by the laws of India, and any disputes are subject to the jurisdiction of the courts of Bengaluru, Karnataka. This disclaimer should be read together with our Terms, Privacy and Compliance pages, which form part of the same commitment.

10. How to reach us

If anything here is unclear, or you have a concern or grievance about our content, we want to hear from you. Clear communication is part of the same integrity this page is about.