New Delhi, Feb. 18 -- Capital markets regulator Securities and Exchange Board of India (Sebi) has released a set of most important terms and conditions which must become the part of the investment advisory agreement between investor and the investment advisor.

These important terms and conditions must include a term wherein the invesment advisor must not guarantee guarantee any returns, accuracy, or risk-free investments.

Further, the regular has said that any assured/fixed returns schemes or any other schemes of similar nature are prohibited by law. Therefore, no scheme of this nature should be offered to the client by the invesment advisor (IA), stated the Sebi circular dated Feb 17, 2025

I. No assured returns: As mentioned above, IA...