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Website Disclaimer

Trustline Securities Ltd. maintains this site (www.trustline.in) for your personal information, education and communication. Please feel free to browse the Site. You may download material displayed on the Site for noncommercial, personal use only, provided you also retain all copyright and other proprietary notices contained on the materials. You may not, however, distribute, modify, transmit, reuse, report, or use the contents of the Site for public or commercial purposes, including the text, images, audio, and video without Trustline Securities Ltd. written permission.

Your access and use of the Site is also subject to the following:

Terms and Conditions and all applicable laws. By accessing and browsing the Site, you accept, without limitation or qualification, the Terms and Conditions and acknowledge that any other agreement between you and Trustline Securities Ltd. are superseded and of no force or effect.

Insurance Disclaimer

Trustline Insurance Brokers Pvt Ltd. (TIBPL) [CIN:U74140DL2008PTC180546], is an IRDA licensed Direct Broker bearing License No. DB – 462 / 10, license dated 27/12/2013 valid till 26/12/2016 rendering advice on various insurance covers suitable to all kinds of needs. Prospective client(s) are advised to go through all comparable products available in the market, the product notes, terms and conditions of the product selected, before taking the decision. Insurance is a subject matter of solicitation.

Research & SMS Disclaimer

Trustline Securities Ltd. / Trustline Commodities Pvt Limited (Trustline ) Research is aimed to service the clients of Trustline . This document has been prepared by Trustline . Affiliates of Trustline may have issued other reports that are contrary with and reach different conclusion from the information presented in this report.

We are not soliciting any action based upon this material. This report is not to be construed as an offer to sell or the solicitation of an offer to buy any investment / contract in any jurisdiction where such an offer or solicitation would be illegal. It is for the general information of clients of Trustline . It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. Not all customers may receive this report at the same time. Trustline will not treat recipients as customers by virtue of their receiving this report. It should be noted that the information contained herein is from publicly available data or other sources believed to be reliable. Neither Trustline , nor any person connected with it, accepts any liability arising from the use of this document.

This document is not intended to be and must not be taken as the basis for any investment decision. The investment discussed or views expressed may not be suitable for all investors. The user assumes the entire risk of any use made of this information. The recipients of this material should rely on their own investigations and take their own professional advice. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. Price and value of the investments referred to in this material may go up or down.

Past performance is not a guide for future performance. Certain transactions -including those involving futures, options and other derivatives involve substantial risk and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a price movement and trading volume, as opposed to focusing on fundamentals and as such, may not match with a report on a commodity’s fundamentals.

Opinions expressed are our current opinions as of the date appearing on this material only. We do not undertake to advise you as to any change of our views expressed in this document. While we would endeavor to update the information herein on a reasonable basis, Trustline , its subsidiaries and associated companies, their directors and employees are under no obligation to update or keep the information current. Also there ay be regulatory, compliance, or other reasons that may prevent Trustline and affiliates from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject Trustline and affiliates to any registration or licensing requirement within such jurisdiction. The investments described herein may or may not be eligible /permitted in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform them of and to observe such restriction.

Trustline and its affiliates, officers, directors, and employees may: (a) from time to time, have long or short positions in, and buy or sell the contracts thereof, in commodities / contracts mentioned herein or (b) be engaged in any other activity involving such commodities / contracts and earn brokerage or other compensation or act as a market maker in the commodities / contracts discussed herein or act as advisor or lender / borrower or have other potential conflict of interest with respect to any recommendation and related information and opinions. Without limiting any of the foregoing, in no event shall Trustline , any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind.

Copy right in this document vests exclusively with Trustline . This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose, without prior written permission from Trustline . We do not guarantee the integrity of any e-mails or attached files and are not responsible for any changes made to them by any other person.The views and opinions expressed in this document may, may not match, or may be contrary with the views, estimates, rating and target price of the other affiliates of Trustline .

The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject commodities / contracts, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report. Analyst’s holding in the commodities/ contracts mentioned in the report: NIL

Portfolio Management Services Disclaimer

  • The Document has been filed with the Board along with the certificate in the prescribed format in terms of Regulation 14 of the SEBI (Portfolio Managers) Regulations, 1993 as amended from time to time.
  • The purpose of the Document is to provide essential information about the portfolio services in a manner to assist and enable the investors in making informed decisions for engaging a Portfolio Manager.
  • The necessary information about the Portfolio Manager required by an investor before investing is disclosed in the Disclosure document.
  • The Disclosure Document dated October 26, 2015 contain necessary information about the Portfolio Manager i.e. Trustline Securities Limited, required by the investors before investing for Portfolio Management Services. The investors are also advised to retain the documents for future reference.
  • The Disclosure Document supersedes the Disclosure Document dated April 29, 2015.
  • The investors should read this Document carefully before making an investment decision.
  • Investors may also like to seek clarification or obtain further information after the date of this document from the service provider.
  • All the securities market intermediaries involved in our Portfolio Management Services are registered with SEBI as on the date of the document.
  • Details of the principal officer:-
          Name: Vinay Kumar Gupta
          Address: Trustline Tower, B-3, Sector-3, Noida-201301 (U.P.)
          Phone: +91-0120-4663333
          Email: vinaygupta@trustline.in

  • PMS office:-
          Address: First Floor, Trustline Tower, B-3, Sector-3, Noida-201301 (U.P.)
          Phone: +91-0120-4663333
          Email: trustline@trustline.in


We have verified the books of account and other records maintained by Trustline Securities Limited “The Company” and also disclosures made by the Company in its Disclosure Document of even date (“the Document”) for Portfolio Management Services as required by the Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993 and the amendments made thereto from time to time. For the purpose of identification we have initialed the said document and the same is attached with the certificate.

To the best of our knowledge and on the basis of our verification and information provided to us, we certify that disclosures made in the document are true. Further the disclosures made in the document are in our opinion, fair and adequate in order for the investor to take an informed decision.

The Certificate has been issued pursuant to a request made by the Company for the purpose of submitting the same to SEBI.

for Sangal & Associates

CA. Rahul Sangal
M. No. 519545
Date: October 26, 2015
Place: New Delhi

Privacy Policy

We, at Trustline Securities Ltd. (here in after referred to as "www.trustline.in") would like to thank you for visiting our Website. Respecting the Privacy and choices of our online Customers and Visitors is important for us. We hope that the information provided below will address any questions or concerns you may have about Privacy issues.

Generally, you may visit www.trustline.in anonymously and obtain information about our Company and products and services without providing any personal information, such as your phone number or postal or e-mail address.

In a few sections of our Website, we ask you to provide information that will enable us to enhance your site visit or to follow up with you after your visit. It is completely optional for you to participate. For example, we request information from you when you:

  • Register with www.trustline.in and also while executing Customer Agreement with us or filing online registration forms
  • Transact on the Site
  • Provide feedback in an online survey
  • In each of the above instances, we may ask for your name, e-mail address, telephone number, address, login name, password or password validation and other personal information that is needed to register or subscribe you to services or offers.

    The personal information you provide will be kept confidential and used to support our customer relationship with you. We may use the information you provide to inform you of special offers, upgrades and other services that may be of interest to you. We may selectively share your information with www.trustline.in affiliates or other companies and organizations whose products or services we think may be of interest to you.

    We will whenever called upon to do so, disclose your personal information to any Government, Central or State, local or public or regulatory authority such as the Securities and Exchanges Board of India (SEBI), Reserve Bank of India (RBI) or such other authority. If you do not want to receive information about special offers, upgrades, newsletter, mailing list from www.trustline.in or its affiliates, you will be given the opportunity to "opt out" and we will respect your wishes. The personal data of customers and web site visitors is stored indefinitely and may be collected and processed in one or more data bases maintained directly or indirectly by www.trustline.in. By providing personal information to www.trustline.in, you agree and understand that www.trustline.in and its affiliates may access, store, and use this information for a variety of purposes including identification, registration, authentication, online transactions, and marketing in any of the countries in which www.trustline.in, its affiliates maintain offices.

    Our site offers 128 bit Secured Sockets Layer (SSL) security from GeoTrust. SSL technology offers security while executing a trade, transferring money or securities and prevents hackers from collecting information while the transaction is in process. Customers are required to enter their User ID and password to access certain sections on our Website. In order to protect your information, customers are required to clear three levels of passwords to Trade Online. You are requested to keep your password safely and change the same frequently to pre-empt any fraudulent use.

    www.trustline.in is not responsible for the privacy practices of non-www.trustline.in sites to which www.trustline.in or any other www.trustline.in web site may link. We encourage you to become familiar with the privacy practices of these sites before you provide them with personal information.

    We may from time to time update this Policy. When we do so, we will post notice of any revisions on this site. We encourage you to review our Privacy Policy whenever you visit our Web site.