Terms of Use & Regulatory Disclaimers

QuantSmart Technologies · Jaipur, Rajasthan, India · Last Updated: October 2026

1. Acceptance of Terms

By accessing, browsing, registering for, or using the website quantsmart.tech or any associated tools, APIs, backtesters, or screeners (collectively, the "Platform"), you acknowledge that you have read, understood, and agreed to be legally bound by these Terms of Use and our Privacy Policy. If you do not agree with any part of these terms, you must immediately discontinue use of the Platform.

2. Nature of Software — Mathematical Arithmetic Only

QuantSmart Technologies provides self-directed software tools designed for quantitative historical research and algorithmic backtesting on Indian equity prices (NSE-listed companies). The platform functions solely as a retrospective computational calculator:

• User-Defined Logic: You independently define the selection criteria, universes, ranking parameters, weighting rules, and rebalancing schedules.
• Objective Computation: The software calculates historical arithmetic according to your exact instructions and deducts realistic transaction models (slippage, brokerage, STT, stamp duty, exchange turnover charges, SEBI fees, GST, depository charges, and applicable Indian capital gains taxes).
• No Subjective Opinions: The software does not provide opinions, does not predict future price movements, does not curate buy/sell lists, and holds no position or interest in any security.

3. Nature of Backtests & Inherent Limitations

All performance figures, metrics, equity curves, drawdown statistics, and screener scores generated on the Platform are hypothetical and simulated. They carry material limitations that you must understand:

• No Real Capital Deployed: Backtests do not represent actual trading. No real money was invested, no orders were routed to exchanges, and no liquidity impact was felt in live market order books.
• Hindsight & Retrospective Bias: Simulated historical performance inherently benefits from hindsight. Strategies optimized on historical data frequently fail to perform similarly out-of-sample or in live markets.
• Survivorship Bias: Standard index universe lists (e.g. Nifty 50, Midcap 100, Smallcap 250) reflect current index constituent membership applied retrospectively. Companies that were delisted, liquidated, or failed during the backtest window may not be reflected, which can bias historical results upward.
• Financial Account Lags: Fundamental ratios and accounts are assumed available 90 days after each fiscal period ends because historical announcements lack verified timestamps. Live filing dates may have differed.
• Execution Slippage & Liquidity: Real-world execution differs from hypothetical fills. While QuantSmart incorporates measured liquidity filters and turnover floors, actual market impact, wide bid-ask spreads, circuit limits, and trading halts cannot be fully modelled.
• Tax Modelling: Capital gains tax calculations are based on generalized Indian income tax provisions for capital assets. Actual tax liability depends on your individual filing status (investor vs trader), business income assessment, and current Finance Act revisions. It does not constitute tax advice; consult a Chartered Accountant.
• Past Performance Disclaimer: Past performance, whether actual or simulated, is no guarantee of future returns.

4. Market Risk & User Sole Responsibility

Investments and trading in securities—including Indian equities, derivatives, and mutual funds—are subject to significant market risks, including the complete loss of invested capital. You expressly agree that:

• You are solely and exclusively responsible for your own investment, trading, and financial decisions.
• You will not treat any output from QuantSmart as investment advice, a trade recommendation, or a signal of market direction.
• QuantSmart Technologies and its operators accept absolutely no liability or responsibility for any monetary losses, trading damages, tax penalties, or lost opportunities resulting from your use of this platform.

5. Permitted Use & Account Security

Access to QuantSmart is granted under a limited, non-exclusive, non-transferable, revocable single-user license subject to these conditions:

• Single Individual Access: Each account is strictly for one individual. You may not share, loan, or distribute your account credentials, sessions, or access tokens to others.
• No Resale or Redistribution: You may not copy, reproduce, resell, syndicate, publish, or redistribute any data, calculations, screener rankings, or outputs from QuantSmart as a commercial service, newsletter, advisory product, or API of your own without explicit prior written authorization.
• Prohibition on Automated Scraping: Automated web scraping, bots, denial-of-service attempts, reverse-engineering of calculation endpoints, or circumvention of plan limits is strictly prohibited and will result in immediate account termination without refund.

6. Subscriptions, Upgrades, Cancellation & Refund Policy

QuantSmart provides both permanent Free access and prepaid paid tiers (Pro at ₹499/month and Research at ₹1,499/month):

• Prepaid Fixed Term Billing: All paid subscriptions are prepaid for a fixed term (30 days monthly or 365 days yearly). In adherence to Reserve Bank of India (RBI) regulations and consumer choice principles, we do not perform silent, forced, or unauthorized recurring charges. When your paid term concludes, access smoothly transitions to the permanent Free tier unless you explicitly choose to renew.
• Subscription Upgrades & Prorated Credit: If a customer on the Pro tier (₹499/month) wishes to upgrade to the Research tier (₹1,499/month) during an active billing cycle, they do not pay ₹1,499 separately. QuantSmart fully credits the ₹499 already paid, and the subscriber only pays the incremental upgrade difference of ₹1,000 for that billing period. The Research tier features (including expanded universes, two-stage sector composite, and significance validation) are unlocked immediately upon payment confirmation.
• Unsubscribe & Cancellation Arrangements: Subscribers may cancel or unsubscribe at any time without fees, penalties, or retention hurdles. Cancellation can be executed directly using the self-serve cancellation control on the Pricing page, or by emailing [email protected] with your registered username. Upon cancellation:
  • Any scheduled renewal or future billing intent is immediately terminated;
  • You retain complete, uninterrupted access to all paid features of your tier until the end of your prepaid period (plan_until);
  • Upon expiry, your account automatically reverts to the permanent Free plan with all your historical data and rules preserved.
• Payment Handling: Payments are processed via authorized third-party gateways (Razorpay) adhering to PCI-DSS standards, or direct bank transfer (NEFT/IMPS/UPI). QuantSmart does not store your credit card or bank credentials.
• Unconditional 7-Day Refund: If you are dissatisfied with a paid subscription for any reason, you may request a 100% full refund within seven (7) calendar days of payment by emailing [email protected] with your payment reference. The full amount will be credited back to your original payment method. After seven calendar days, fees are non-refundable for changes of mind.

7. Intellectual Property & User Strategy Privacy

The code, website design, stylesheets, algorithms, documentation, and proprietary methodologies of QuantSmart Technologies are protected by applicable intellectual property and copyright laws.

8. Limitation of Liability & Disclaimer of Warranties

The Platform and all associated data, historical prices, and computations are provided strictly on an "AS IS" and "AS AVAILABLE" basis without warranties of any kind, whether express or implied, including merchantability, fitness for a particular purpose, uptime, or data accuracy.

To the maximum extent permitted by Indian law, QuantSmart Technologies, its founder (Avinash Gupta), contractors, and affiliates shall not be liable for any direct, indirect, incidental, punitive, special, or consequential damages—including loss of capital, lost profits, trading losses, system downtime, or third-party data errors—arising out of or related to your use of the Platform.

Where liability cannot be completely excluded by mandatory law, our total aggregate liability for all claims shall not exceed the actual fees paid by you to QuantSmart in the twelve (12) months preceding the incident.

9. Data Protection

We process personal information (such as your username and email address) in compliance with India's Digital Personal Data Protection Act, 2023 (DPDP Act). We do not sell your personal data or broker credentials to third parties. For full details, review our Privacy Policy.

10. Governing Law & Jurisdiction

These Terms of Use are governed by and construed in accordance with the laws of the Republic of India. Any disputes, claims, or controversies arising out of or relating to these Terms or your use of the Platform shall be subject to the exclusive jurisdiction of the competent civil courts in Jaipur, Rajasthan, India.

11. Contact & Grievance Redressal

If you have any questions, regulatory clarifications, or grievances regarding these Terms of Use, please contact:

QuantSmart Technologies
Founder / Operator: Avinash Gupta
Location: Jaipur, Rajasthan, India
Official Email: [email protected]