Last Updated: April 2026
SEBI Mandatory Disclaimer: Registration granted by SEBI, membership of BASL, and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
This Investment Advisory Agreement ("Agreement") is a binding contract between you ("Client") and Chandrachuda Sarma Yemmanuru, a SEBI Registered Investment Adviser — Individual (Registration No. INA000021331), operating as Finwiser ("Adviser" or "Finwiser").
This Agreement governs the provision of personalised investment advisory services. It is separate from and supplementary to the Platform Terms & Conditions and the Privacy Policy, which govern Platform access and data processing respectively.
By executing this Agreement (including through electronic acceptance on the Finwiser Platform), you confirm that you have read, understood, and agree to be bound by the terms herein and the MITC Annexure attached hereto.
| Field | Details |
|---|---|
| Name | Chandrachuda Sarma Yemmanuru |
| SEBI Registration No. | INA000021331 |
| Registration Type | Investment Adviser — Individual |
| Registered Address | Bengaluru, Karnataka, India |
| Contact | [email protected] / [email protected] |
| SEBI Regional Office | SEBI Southern Regional Office, Bengaluru |
The individual who executes this Agreement through the Finwiser Platform, identified by their registered name, mobile number, email address, and KYC details as provided during onboarding.
WHEREAS:
NOW, THEREFORE, in consideration of the mutual obligations set forth herein, the parties agree as follows:
Back to TopUnless otherwise defined herein, capitalised terms shall have the meanings assigned in the Platform Terms & Conditions. The following additional definitions apply to this Agreement:
Advisory Services — Personalised, suitability-based investment advice provided by the Adviser to the Client under this Agreement, including financial planning, portfolio review, goal-based allocation, and rebalancing recommendations.
Assets Under Advice (AUA) — The aggregate net asset value of securities and investment products for which the Adviser has rendered advice to the Client, irrespective of whether implementation is concluded by the Adviser, the Client, or other service providers.
Client Family — The Client and their dependents or related persons as may be defined under the IA Regulations for the purpose of fee aggregation.
IA Regulations — SEBI (Investment Advisers) Regulations, 2013, as amended from time to time, including all circulars, directions, and guidance issued thereunder.
Investment Advice — Advice relating to investing in, purchasing, selling, or otherwise dealing in securities or investment products, and advice on investment portfolio containing securities or investment products, provided for the benefit of the Client after suitability assessment, as defined under the IA Regulations.
MITC — Most Important Terms and Conditions, as set out in the Annexure to this Agreement, in compliance with the applicable SEBI circular.
Risk Profile — The assessment of the Client's risk appetite, risk tolerance, and risk capacity, determined through the risk profiling process described in Section 5.
Suitability Assessment — The process of evaluating whether a specific investment recommendation is appropriate for the Client based on their Risk Profile, financial situation, investment objectives, and constraints.
Back to TopSubject to the terms of this Agreement and completion of onboarding (including KYC and risk profiling), the Adviser shall provide the Client with:
The Adviser does not provide:
The Adviser acts in a fiduciary capacity towards the Client, as required under Regulation 15(1) of the IA Regulations. The Adviser shall act honestly, fairly, and in the Client's best interest when providing Advisory Services.
This Agreement governs personalised Advisory Services only. The Finwiser Platform's general features (including net worth dashboards, generic outputs, calculators, and educational content) remain governed by the Platform Terms & Conditions. In case of conflict between this Agreement and the Platform Terms on matters relating to Advisory Services, this Agreement shall prevail.
Back to TopThe Client shall provide complete and accurate information regarding:
To facilitate this, the Client may provide consent through the Account Aggregator framework to enable automated access to financial data. The nature, scope, and limitations of such access are described in the Platform Terms & Conditions, Section 6 and the Privacy Policy.
The Client is responsible for ensuring that information provided is accurate, complete, and current. The Client shall promptly inform the Adviser of any material changes to their financial situation, goals, constraints, or risk appetite. Failure to provide accurate or updated information may result in advice that is not suitable for the Client's actual circumstances.
The Client shall complete Know Your Client (KYC) requirements as mandated under Applicable Law and SEBI regulations before Advisory Services commence. The Adviser may rely on KYC information obtained through in-app verification, Account Aggregator identity signals, or other SEBI-compliant methods.
While the Adviser provides personalised recommendations, all investment decisions and their implementation remain the Client's sole responsibility. The Client acknowledges that they retain full discretion to accept, reject, or modify any recommendation.
Back to TopBefore providing any Investment Advice, the Adviser shall conduct a risk profiling assessment to determine the Client's:
Risk profiling shall be conducted through a structured questionnaire and, where applicable, supplemented by analysis of the Client's financial data accessed through the Platform.
The Client's assessed Risk Profile shall be communicated to the Client through the Platform. The Client shall have the opportunity to review and confirm their Risk Profile before Advisory Services are activated.
All investment recommendations shall be:
The Adviser shall periodically reassess the Client's Risk Profile and update recommendations accordingly. Reassessment may be triggered by:
The Client acknowledges that risk profiling tools, including questionnaires and algorithmic assessments, are designed to be fit for purpose but may have inherent limitations. Where such limitations are identified, the Adviser shall take reasonable steps to mitigate them through supplementary analysis or clarification.
Back to TopThe Adviser operates on a Fixed Fee basis, as permitted under Regulation 15A of the IA Regulations. The applicable fees are:
| Service | Fee | Nature |
|---|---|---|
| Advisory Unlock | ₹49 | One-time fee for initial personalised advisory report (portfolio diagnostics, problem identification, and recommended actions) |
| Ongoing Advisory | ₹199 per month | Continuous personalised advisory services, including portfolio monitoring, goal tracking, surplus allocation, and periodic rebalancing recommendations |
The total annual fee per Client Family shall not exceed the cap prescribed by SEBI under the IA Regulations (currently ₹1,51,000 per annum per family of clients for Fixed Fee mode).
The fee mode and applicable amounts are disclosed to the Client before this Agreement is executed. The Adviser shall give the Client at least 21 (twenty-one) calendar days' prior written notice (by email) of any change to the fee structure or fee amounts. Revised fees shall take effect only from the next billing cycle on or after the 21-day notice period, and only if the Client continues the subscription; a Client who does not wish to continue at the revised fees may terminate at no further charge.
Fees are payable exclusively through:
Cash payments are not accepted.
The Adviser does not receive any remuneration, compensation, commission, referral fee, or consideration in any form from any person other than the Client in respect of the Advisory Services or underlying products for which advice is provided, in compliance with Regulation 15(2) of the IA Regulations.
The one-time Advisory Unlock fee (₹49) is non-refundable once the personalised advisory report has been generated and delivered, except as required under Applicable Law or where the report is not delivered or is materially defective. For the ongoing advisory subscription (₹199/month), the Client may cancel at any time, and no further charges shall apply from the next billing cycle. Pro-rata refunds for the current billing period are not provided unless required under Applicable Law.
Back to TopThis Section constitutes disclosure under Regulation 15(14) and Regulation 18 of the SEBI (Investment Advisers) Regulations, 2013 (as amended).
Finwiser utilises artificial intelligence, machine learning, and algorithmic systems in the investment advisory process. AI tools are used in the following areas:
Notwithstanding the use of AI tools:
The Client acknowledges that AI and algorithmic systems:
The Adviser undertakes to periodically review algorithmic models for accuracy and appropriateness.
Back to TopThe Adviser shall disclose to the Client all actual or potential conflicts of interest as and when they arise, including any connection or association with issuers of products or securities that may impair objectivity or independence.
The following structural safeguards are in place to minimise conflicts:
Where the Adviser holds a personal position in any financial product or security that is the subject matter of advice to the Client, the Adviser shall disclose such holding at the time of providing the relevant advice.
Back to TopImportant: This Agreement is for investment advisory services only. The Adviser cannot execute or carry out any trade (purchase or sell transaction) on behalf of the Client without the Client's specific and positive consent on every trade.
The Adviser provides advice and recommendations. The Adviser does not have authority, power of attorney, or access to execute any transaction on behalf of the Client. All implementation is the Client's sole responsibility.
The Adviser does not and shall not request access to the Client's:
If any person claiming to represent Finwiser requests such credentials, the Client should immediately report it to [email protected].
Back to TopThe Adviser shall disclose to the Client:
The following regulatory disclosures are available on the Finwiser Platform:
The Adviser shall maintain the following records in compliance with Regulation 19 of the IA Regulations:
All records shall be maintained for a minimum of five (5) years from the date of the relevant transaction or advice. Where any dispute exists, records shall be maintained until final resolution of such dispute, regardless of the five-year period.
Records may be maintained in electronic form. The Adviser shall ensure adequate security and backup measures for electronic records.
Back to TopThe Adviser shall not divulge any confidential information about the Client without the Client's prior permission, except where such disclosure is required to be made in compliance with any law for the time being in force, as required under Regulation 15 of the IA Regulations.
Processing of the Client's personal data in connection with Advisory Services is governed by the Finwiser Privacy Policy, which forms an integral part of this Agreement. The Privacy Policy describes:
The Adviser is solely responsible for the security, confidentiality, and integrity of Client data processed through AI tools, as required under Regulation 15(14) of the IA Regulations.
Back to TopThe Client acknowledges that:
The Adviser does not guarantee any specific return, minimum return, or capital protection. Any projections, simulations, or estimates are based on assumptions and historical data and may not reflect actual outcomes.
Unless expressly stated and validated by a SEBI-recognised Performance Validation Agency, any performance figures, simulations, projections, or back-tests presented through the Platform or Advisory Services remain unaudited, unverified, and uncertified, and shall not be construed as performance claims or assurances.
The quality and suitability of advice depends on the accuracy and completeness of information provided by the Client and accessed through the Account Aggregator framework. Incomplete or inaccurate information may result in advice that does not fully reflect the Client's circumstances.
Back to TopThis Section applies to the Advisory Services provided under this Agreement. It is subject to and does not override the Adviser's fiduciary obligations, suitability requirements, and other obligations under the IA Regulations.
The Adviser shall not be liable for investment losses arising from market movements, economic conditions, regulatory changes, or other external factors, provided the advice was given in good faith, in compliance with suitability requirements, and in accordance with the Client's Risk Profile.
To the extent permitted under Applicable Law, the Adviser shall not be liable for any indirect, incidental, special, punitive, or consequential damages, including loss of profits or opportunity, arising from or in connection with Advisory Services.
The Adviser's aggregate liability under this Agreement shall not exceed the total advisory fees paid by the Client in the twelve (12) months preceding the event giving rise to the claim.
Nothing in this Section shall:
The Client may terminate this Agreement at any time by:
Upon termination, the Adviser shall cease providing Advisory Services from the effective date. No further advisory fees shall be charged from the next billing cycle.
The Adviser may terminate this Agreement upon reasonable notice where:
Upon termination:
| Field | Details |
|---|---|
| Name | Chandrachuda Sarma Yemmanuru |
| [email protected] / [email protected] | |
| Response Time | Acknowledgement within 1 working day of receipt; substantive resolution target of 7 calendar days; SEBI outer limit of 21 calendar days |
If a grievance is not resolved satisfactorily, the Client may escalate through the following channels:
Nothing in this Agreement restricts the Client's right to approach any competent regulatory authority, judicial authority, or consumer forum under Applicable Law.
Back to TopThis Agreement shall be governed by and construed in accordance with the laws of India.
Any dispute arising out of or in connection with this Agreement shall be resolved as follows:
The Client's right to approach the appropriate Consumer Disputes Redressal Commission under the Consumer Protection Act, 2019 is not restricted or waived by any provision of this Agreement, including the arbitration clause above. Arbitration is available as an option at the Client's choice, not as a mandatory requirement.
Subject to the above, the courts of Bengaluru, Karnataka shall have jurisdiction over matters arising under this Agreement.
Back to TopThis Agreement, together with the Platform Terms & Conditions, the Privacy Policy, and the MITC Annexure, constitutes the entire agreement between the parties for Advisory Services. In case of conflict:
The Adviser may amend this Agreement from time to time to reflect regulatory changes or operational updates. Material amendments shall be communicated to the Client with at least 21 (twenty-one) calendar days' prior written notice through the Platform or electronic communication. Continued use of Advisory Services after the effective date of amendments constitutes acceptance; a Client who does not wish to accept a material amendment may terminate this Agreement at no further charge before such effective date.
If any provision is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
The Client may not assign this Agreement without the Adviser's prior written consent. The Adviser may assign this Agreement as part of a corporate restructuring or transition to a body corporate registration, provided such assignment does not diminish the Client's rights under Applicable Law, and the Client is given reasonable prior notice.
This Agreement is executed electronically through the Finwiser Platform. Electronic acceptance (including checking an “I agree” checkbox or equivalent affirmative action) constitutes a valid and binding agreement under the Information Technology Act, 2000, Section 10A. This Agreement does not require physical or digital signatures to be enforceable.
Sections 8 (Conflicts of Interest), 11 (Record Keeping), 12 (Confidentiality), 13 (Risk Acknowledgments), 14 (Limitation of Liability), 16 (Grievance Redressal), and 17 (Governing Law) shall survive termination of this Agreement.
Back to TopThis Annexure is issued in compliance with the SEBI Circular on Most Important Terms and Conditions for Investment Advisers (SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/19, dated February 17, 2025). It summarises the key terms of the Investment Advisory Agreement in a clear and accessible format.
Finwiser provides personalised investment advisory services using technology-enabled tools and AI systems. The Client is required to share relevant financial details (income, investments, liabilities, goals) to enable the Adviser to conduct risk profiling and provide suitable advice.
| Component | Amount | Description |
|---|---|---|
| Fee Mode | Fixed Fee (per Regulation 15A) | |
| Advisory Unlock | ₹49 (one-time) | Initial personalised advisory report |
| Ongoing Advisory | ₹199/month | Continuous advisory services |
| Annual Cap | Total fees shall not exceed ₹1,51,000 per annum per Client Family | |
| Payment Modes | Bank transfer, UPI only. No cash. | |
| Change Notice | At least 21 calendar days' prior written notice (by email) for any fee change; Client may terminate at no further charge before the revised fee takes effect. | |
This Agreement is for the investment advisory services provided by the Adviser. The Adviser cannot execute or carry out any trade (purchase or sell transaction) on behalf of the Client without the Client's specific and positive consent on every trade. The Adviser does not hold execution or distribution licenses and cannot place orders on the Client's behalf.
| Channel | Details |
|---|---|
| Grievance Officer | Chandrachuda Sarma Yemmanuru — [email protected] / [email protected] |
| Response | Acknowledgement within 1 working day of receipt; resolution within 7 calendar days; SEBI outer limit of 21 calendar days |
| SEBI SCORES | https://scores.sebi.gov.in |
| ODR Portal | SEBI Online Dispute Resolution platform |
| Consumer Forum | Client's right to approach Consumer Disputes Redressal Commission is preserved |
The Adviser does not assure returns or risk-free investments. All advice is subject to market risks.
Investments in securities are subject to market risk. Past performance does not guarantee future results. The value of investments may go up or down, and the Client may receive back less than the amount invested. Projections and simulations are based on assumptions and may not reflect actual outcomes.
Registration granted by SEBI, membership of BASL, and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.