Welcome to StockGro!
These terms and conditions regulate your use of StockGro's Website, located at StockGro.club, and StockGro’s mobile application (together, “StockGro”), and form a binding legal contract between Assetgro Fintech Private Limited (the owner and operator of StockGro) and you.
What is StockGro
StockGro is India's largest experiential learning platform for Stock Market enthusiast to learn trading and investment strategies without risking their hard-earned capital.
The platform provides unique immersive experience to its users blending the best of social networking, investment education, and trading in multiple asset classes. At the heart of StockGro lies a risk-free simulated environment, where you can gain confidence and hone your stock trading skills without any fear of financial loss. Through experiential learning journeys, users can test their strategies in real time and experience the thrill of trading!
But StockGro is not just about trading; it's a vibrant community of enthusiastic learners and experts. StockGro emphasizes the importance of learning through community.
Our social section allows users to discuss, share experiences, ask questions, and get answers from a supportive and inclusive group of like-minded individuals. This approach nurtures a sense of belonging, making learning more engaging and enjoyable. This vibrant community allows users to connect, share, and collaborate with educators, fund managers, influencers, and friends, validate investment ideas, analyze top-performing portfolios, and navigate the complexities of the stock market with ease all on one user-friendly platform.
StockGro's state-of-the-art technology ensures seamless near-real-time market feeds, and portfolio returns calculation and accommodates millions of users simultaneously. It's a smooth, seamless, and exciting learning experience like never before!
What is a StockGro PrepZone
Users in their learning journey to trade and invest in the Stock Market might want to compare their progress and proficiency in learning how to pick the right stocks and build a portfolio efficiently.
To facilitate this, just like any school or college conducting tests and examination, StockGro provides learning opportunities in their PrepZones for users to join and test their proficiency for investing in different asset classes in the markets in real time.
To join PrepZones, you must have a valid email address and phone number. Only those Users who have successfully registered on StockGro in accordance with the procedure shall be eligible to experience the Prepzones.
In a PrepZone, you will be provided virtual currency which you can use to select virtual stocks and build a virtual stock portfolio, and help you engage with other learners to build proficiency in investing and trading. These PrepZones are held daily, weekly and monthly.The PrepZones are free for users to join, i.e. a User does not have to pay any money to StockGro to join any such PrepZones.
In order to register for the PrepZones, you are required to:
Types of PrepZones
Therefore, the value of the rewards awarded to best performing participants does not correlate to the value of the actual stocks in the stock market, and neither the virtual stocks nor virtual portfolios amount to ‘securities’ or ‘derivatives’ under Indian law.
Users who are best performers and their ranks in a Prep (“Rank Holders”) will be announced at the end of the Prep. The rewards will be distributed in a ratio and manner pre-published by us, and disclosed to Prep Users, on StockGro from time to time. StockGro shall not be liable to pay any rewards if it is discovered that the Rank Holders have not abided by these Terms and Conditions and other rules and regulations in relation to the use of StockGro.
StockGro's Prep require specific skills and abilities imparted by StockGro to its users through educational content and access to educators and fund managers teaching and sharing investment strategies.
User skillsets include basic finance knowledge, ability to understand fundamental analysis, judgment, strategy and multi-disciplinary knowledge, training, adherence to a virtual budget, and calculation and mathematics.
By joining in Preps and using StockGro, each User acknowledges and agrees that he/she is in the process of learning the skillsets for investing in Stocks and building the right portfolio on StockGro and has no correlation to their real-world transactions.
The Company, at its sole discretion, may remove any User from PrepZone, refuse to award benefits or rewards and require the return of any rewards, if the User engages in unfair conduct, which the Company deems to be improper, unfair or otherwise adverse to the operation of StockGro or is in any way detrimental to other Users, which conduct includes, but is not limited to:
You shall not:
Without prejudice to the generality of the foregoing, any Users sharing any material or information on securities are responsible for their own legal compliance, and you hereby agree that wherever applicable, you have obtained the relevant securities law registrations, including but not limited to registration as an investment adviser, research analyst, or portfolio manager. StockGro bears no responsibility and disclaims all liability in this regard for any non-compliance by Users of applicable law.
You agree to provide true, accurate, current and complete information at the time of registration and at all other times (as required by us). You further agree to update and keep updated your registration information. You shall not register or operate more than one User account with StockGro.
If a User chooses a username that, in StockGro's considered opinion is obscene, indecent, abusive or that might subject StockGro to public disparagement or scorn, we reserve the right, without prior notice to the User, to restrict usage of such names, which in our opinion fall within any of the said categories and/or change such username and intimate the User or delete such username and posts from StockGro, deny such User access to StockGro, or any combination of these options.
Any password issued by StockGro to a User may not be revealed to anyone else. Users may not use anyone else's password. Users are responsible for maintaining the confidentiality of their accounts and passwords. Users agree to immediately notify StockGro of any unauthorized use of their passwords or accounts or any other breach of security. Users agree to exit/log-out of their accounts at the end of each session. StockGro shall not be responsible for any loss or damage that may result to the User if the User fails to comply with these requirements or otherwise loses control of their StockGro account.
Your profile is fully visible to all the users. We may offer chat features, messaging in groups, creation of posts, and other means of social interaction to enable communication between Users. Our role is limited to providing StockGro Services. Our Services allow viewing and sharing of information including through messages, posts, likes, follows, and comments, etc. Your posts, comments, or messages will be visible to everyone. You agree that, incase your content, whether it is a post or comment or message, is shared, your personal details, such as Username, Name, Bio, Profile image and content will be public information. With respect to User content and communication between Users, our role is that of an ‘intermediary’ as defined under the Information Technology Act, 2000 and the rules thereunder. Being an intermediary, we have no responsibility and / or liability in respect of any User content on the App and you are solely responsible therefor. As an ‘intermediary’ under the Information Technology Act, 2000, for the purpose of content posted by Users, we do not pre-screen User content or communications between Users. We have no obligation to monitor any User content apart from our obligations as an ‘intermediary’ under the said Act.
When you use StockGro, you specifically undertake not to host, display, upload, modify, publish, transmit, update or share any content that:
You hereby warrant and represent that:
If we suspect any illegal, wrongful or fraudulent activity on StockGro by any User, notwithstanding any other rights we may have, we reserve the right to inform the relevant government or law enforcement authorities. We will cooperate in all investigative procedures or requests for access / information initiated by any such government or law enforcement authorities. We are not under any obligation to act on any communications, requests and suggestions from Users or the general public or to respond to any one. Our decision in this respect shall be final. Specifically, if any such request relates to a request / demand to take down/ disable/ remove/ delete any User content or StockGro content, we are under no legal obligation to respond to or act on such requests. We will take such action as we are required to take under applicable law. If there any valid court order or administrative order issued requiring us to take any action, then we will comply with such court order or administrative order.
In the event any User breaches, or the Company reasonably believes that such User has breached these Terms and Conditions, or has illegally or improperly used StockGro, the Company may, at its sole and absolute discretion, and without any notice to the User, restrict, suspend or terminate such User's access to all or any part of StockGro, deactivate or delete the User's account and all related information on the account, delete any content posted by the User on StockGro and further, take technical and legal steps as it deems necessary. It is clarified that in case you are found to be in violation of the aforementioned terms, StockGro reserves its right to initiate appropriate civil/criminal remedies as it may be advised, in addition to forfeiture and/or recovery of rewards money if any.
At any time and for any reason, and subject to applicable law, StockGro may, at its sole and absolute discretion:
You are not allowed to promote violence against or directly attack or threaten other StockGro users on the basis of race, ethnicity, national origin, caste, sexual orientation, gender, gender identity, religious affiliation, age, disability, or serious disease. Users inciting harm towards others on the basis of these categories would be suspended.
Obscene Display Names and Hateful Imagery
You cannot use your username, display name, or profile bio to engage in abusive behavior, such as targeted harassment or expressing hate towards a person, group, or protected category. You may not use hateful images or symbols in your profile image or profile header.
Harassment and Bullying
Using abusive language, sharing others' personal or sensitive information or inciting or engaging others to do any of the same is not allowed.
Threatening or inciting violence of any kind is strictly prohibited. We don't allow individuals or groups that engage in or promote violence, or organized criminal activity to use StockGro to conduct such activities.
Engaging in Spam or Scam
You are not allowed to share messages in Social groups or to Individual users that are untargeted, irrelevant, obviously unwanted, unauthorized, inappropriately commercial or promotional, or gratuitously repetitive messages or other similar content.
Do not use StockGro to capitalize or sensationalize on tragic events for commercial purposes.
Do not use our invitation feature to send promotional messages to people you don't know or to otherwise spam people.
Any user found engaging in Community policies violations will be barred from the platform and account will be suspended.
Deposit: Money deposited by the user (only available for in-app redemptions, Subscription to StockGro Plus Plan, etc)
Cash: Current balance of cashbacks, discounts and rewards received (available for withdrawal as per the withdrawal limits)
Bonus: Current balance of Bonus rewards and discounts received (only available for in-app redemptions).
StockGro Plus is a subscription service from StockGro. Anyone can purchase any of the 3 paid plans from the App or Webapp.
If you purchase an auto-recurring StockGro Plus plan through an in-app purchase, your Payment Method will continue to be billed for the subscription until you cancel
You can cancel the StockGro Plus Plan at any time by simply moving to Basic Plan (Free Plan) from any paid plan.
The Subscription Fees for StockGro Plus plans billed are non-refundable.
On StockGro Shop, you can purchase any product listed with the StockGro Bonus amount or Indian Rupees. Once any product is purchased from StockGro Shop, they can not be exchanged or returned. For any queries reach out to [email protected]
Spot the Stock Contest
Winners' Selection, Gift Fulfillment
Winners for the Spot the Stock Contest will be selected at StockGro's discretion. Upon the announcement of winners, please note that the delivery of gifts may take up to 30 days. It is important to recognize that the components of the gift hampers are subject to StockGro's choice, offering participants a delightful element of surprise in their rewards. Participants acknowledge and accept this as a part of the terms and conditions associated with the Spot the Stock Contest.
Fair Usage policy
Any user found engaging in Fair Usage policy Violation will be barred from the platform and account will be suspended.
By registering and using our platform, you agree that you will ensure fair Usage and will not engage in any Fair Usage Policy Violation by technical or non-technical means to manipulate the platform.
Genuine users who want to submit an appeal have to submit the following details in the email to [email protected]
Accounts of genuine users affected by Fair Usage Policy violation, will be reactivated after review and confirmation by our risk management team.
Users whose reward is less than minimum withdrawal limit, and add money to wallet to meet the minimum withdrawal criteria, would be considered to be exploiting the system and their withdrawals would be blocked until further review.
If you have been rewarded Rs. 100 on the platform and minimum withdrawal limit is Rs. 500; Users are expected to engage in more activities on the platform to, collect a cumulative reward of Rs. 500 and withdraw. Some users try to exploit the system and add additional Rs. 400 to the wallet to meet the minimum withdrawal limit.
Such withdrawals will get blocked and user grievances will be subject to review process, where the review period is minimum 30 days.
The review team in its investigation if figures out that the intent of the user was to exploit the system, then the withdrawal will remain blocked until user's balance cross the minimum withdrawal amount.
If user attempts to harass the StockGro team or tries to extort through threatening on social media, legal action will be taken against the user and penalty of INR 10,000 will be levied on the user.
Each tier of user have different withdrawal limit set by StockGro which can be revised at the sole discretion of StockGro from time to time.
Users are strictly instructed to adhere to the withdrawal policy. Any attempt to violate the withdrawal policy could result in user's account being blocked until further review by the support team.
Below is a sample table with tier-based withdrawal limits (Subject to change from time to time at the discretion of the company):
|Minimum Req Balance
Users consent to receiving communications such as announcements, administrative messages and advertisements from us or any of our partners, licensors or associates. You agree to ensure that you can receive all communication from StockGro by marking e-mails or sending SMSs from StockGro as part of your "safe senders" list or other similar category. StockGro shall not be held liable if any e-mail, SMS or other message remains unread by a User as a result of such message getting delivered to the User's junk or spam folder or similar category.
StockGro includes a combination of content created by StockGro, its licensors and/or you.
Unless otherwise stated, the intellectual property rights in all software underlying StockGro and the StockGro Services and material published on StockGro, including (but not limited to) PrepZones, software, written content, photographs, graphics, images, illustrations, marks, logos, audio or video clippings and Flash animation, are owned by StockGro and/or its licensors, as applicable. All intellectual property rights are reserved. You may access this from StockGro for your own personal use subjected to restrictions set in these terms and conditions. You hereby grant StockGro and its affiliates, partners, licensors and associates a worldwide, irrevocable, royalty-free, non-exclusive, sub-licensable license to use, reproduce, edit and authorize others to use, reproduce, edit, create derivative works of, distribute, publicly perform, publicly display, transfer, transmit, and/or publish any of the content you make available on StockGro in any and all forms, formats or media and for any of the following purposes:
All names, logos, marks, labels, trademarks, copyrights or intellectual and proprietary rights on StockGro belonging to any person (including User), entity or third party are recognized as proprietary to the respective owners and any claims, controversy or issues against these names, logos, marks, labels, trademarks, copyrights or intellectual and proprietary rights must be directly addressed to the respective parties under notice to StockGro.
You agree to indemnify and hold harmless the Company, its directors, employees, affiliates and assigns against all costs, damages, loss and harm including towards litigation costs and counsel fees, in respect of:
In respect of any transactions entered into on StockGro, Users agree to be bound by the following payment terms:
Determination of pre-determined rewards by StockGro which will eventually be paid to Users as cashbacks and exciting merchandise.
It may take minimum of two weeks for user to withdraw the reward amount post the reward announcement.
The User acknowledges that subject to time taken for bank reconciliations and such other external dependencies that StockGro has on third parties, any transactions on StockGro may take atleast 15 working days to be processed. The Company merely acts as a duly appointed agent of the User to whom the payment is due, and does not operate a payment system. You hereby duly appoint the Company as your agent for this purpose. A transaction, once confirmed, is final and no cancellation is permissible.
At the time of the transaction, Users may also be required to take note of certain additional terms and conditions and such additional terms and conditions shall also govern the transaction. To the extent that the additional terms and conditions contain any clause that is conflicting with the present terms and conditions, the additional terms and conditions shall prevail.
Hyperlinking to our Content
The following organizations may link to StockGro without prior written approval:
Online directory distributors may link to our website in the same manner as they hyperlink to the Websites of other listed businesses. These organizations may link to our home page, to publications or to other Website information so long as the link:
We may consider and approve other link requests from the following types of organizations:
We will approve link requests from these organizations if we decide that:
Approved organizations may hyperlink to our Website as follows:
No use of StockGro's logo or other artwork will be allowed for linking absent a trademark license agreement.
Without prior approval and written permission, you may not create frames around StockGro that alter in any way the visual presentation or appearance of StockGro.
If any third party is linking to StockGro from its website or mobile application, we shall not be held responsible for any content that appears on its website or mobile application. You and such third parties agree to protect and defend us against all claims that is rising on such website or mobile application. No link(s) to StockGro should appear on any website or mobile application that may be interpreted as libelous, obscene, illegal, or criminal, or which infringes, otherwise violates, or advocates the infringement or other violation of, any third party rights.
Reservation of Rights
We reserve the right to request that you remove all links or any particular link to our StockGro. You agree to immediately remove all links to StockGro upon request. We also reserve the right to amend these terms and conditions and it's linking policy at any time. By linking to StockGro, you agree to be bound to and follow these linking terms and conditions.
Removal of links from our website
If you find any link on our Website that is offensive for any reason, you are free to contact and inform us any moment. Subject to applicable law, we will consider requests to remove links but we are not obligated to or so or to respond to you directly.
We do not ensure that the information on this website is correct, we do not warrant its completeness or accuracy; nor do we promise to ensure that the website remains available or that the material on the website is kept up to date.
Disclaimer and Limitation of Liability
To the maximum extent permitted by applicable law, we exclude all any liability, including but not limited to liability arising out of representations, warranties, and conditions, relating to StockGro and the use of StockGro Services. Nothing in this disclaimer will:
As long as StockGro and the information and services on StockGro are provided free of charge, we will not be liable for any loss or damage of any nature. Users access the StockGro Services provided on StockGro voluntarily and at their own risk and StockGro is provided on an “as-is” basis without express or implied warranties of any nature.
We accept no liability, whether jointly or severally, for any errors or omissions, whether on behalf of ourselves or third parties, in relation to the rewards. Users shall be solely responsible for any consequences which may arise due to their access of StockGro Services by conducting an illegal act or due to non-conformity with these Terms and Conditions and other rules and regulations in relation to StockGro Services, including provision of incorrect address or other personal details. Users also undertake to indemnify us and our respective officers, directors, employees and agents on the happening of such an event (including without limitation cost of attorney, legal charges etc.) on full indemnity basis for any loss/damage suffered by us on account of such act on the part of the Users. In no event shall the Company be liable to any User for acts or omissions arising out of or related to User's engagement with StockGro or his/her joining in StockGro.
In consideration of the Company allowing Users to access the StockGro Services, to the maximum extent permitted by law, Users waive and release each and every right or claim, all actions, causes of actions (present or future) each of them has or may have against the Company, its respective agents, directors, officers, business associates, group companies, sponsors, employees, or representatives for all and any injuries, accidents, or mishaps (whether known or unknown) or (whether anticipated or unanticipated) arising out of the provision of StockGro Services or related to the PrepZones or the rewards associated therewith.
With respect to the Indices information displayed under Market section of the Mobile Application, all the information displayed is only for information purposes and the Company does not undertakes any commercial activities on such indices under any Copyright, Trademarks or other applicable acts. The Company disclaims any loss claim by any users or third party for relying on such information for any purposes as the Company does not promote commercial use of such information in any manner nor claims to be partner or distributor of such Trademarks, Copyrights, if owned by any third party.
StockGro users share information on the chat groups. StockGro only facilitates access to chat groups as an intermediary. So, StockGro cannot guarantee the completeness or accuracy of the information shared in the groups. Further with respect to the Company's Social section of the Mobile Application/platform, the Company confirms that all information and messages shared or exchanged on Mobile App or Platform by the users are only for Educational purposes and published only for consumption by general public at large using the StockGro App and such information or messages in any form or manner does not constitutes an “Investment Advice” in any way.
The Company i.e. Assetgro Fintech Private Limited (“Stockgro”) its employees, it's shareholders, officers, business associates, its Directors, Group Companies and the Expert (i.e. Investment advisors or Research Analyst available on the App or Platform) would not be liable in any way for any loss or damages suffered (either in present or in future) whether anticipated or unanticipated by any users of the StockGro based on any actions taken by such User solely by relying on the above information and messages shared on the Company's Mobile app or platform. Users must conduct their own research and consider their specific goals, assets, liabilities and risk appetite before making any investment decisions.
Users are solely responsible for ensuring compliance with all applicable laws, including SEBI regulations on investment advisory and research analysis as applicable while using the chat groups. Especially if they share any regulated information on the group. For instance, wherever necessary, the users must comply with obligations relating to disclosure of conflict of interest and restrictions on trading and compensation under SEBI regulations. 'Regulated information' includes buy/sell/hold recommendations, price targets, stop loss targets, or any other information which may form the basis of an investment decision. Users must obtain regulatory registrations, licenses, or authorizations, wherever necessary.
Dispute and Dispute Resolution
These Terms of Service shall be governed and construed in accordance with the laws of India.
In the event of any and all disputes arising out of, or in connection with, these Terms of Service, the construction, validity, interpretation and enforceability of these Terms and Conditions, or the rights and obligations of the User(s) or StockGro, the party raising the dispute shall provide a written notification to the other party. On receipt of the written notification, the parties shall first try to resolve the dispute through discussions. In the event that the parties are unable to resolve the dispute within fifteen (15) days of receipt of notification, the dispute shall be settled by arbitration.
The place, venue and seat of arbitration shall be Bengaluru, India. All arbitration proceedings shall be conducted in English and by a sole arbitrator in accordance with the provisions of the Arbitration and Conciliation Act, 1996, as amended from time to time, read with the rules of the Mumbai Centre for International Arbitration.
The arbitration award will be final and binding on the Parties, and each Party will bear its own costs of arbitration and equally share the fees of the arbitrator unless the arbitral tribunal decides otherwise. The arbitrator shall be entitled to pass interim orders and awards, including the orders for specific performance and such orders would be enforceable in competent courts. The arbitrator shall give a reasoned award.
Nothing contained in these Terms and Conditions shall prevent StockGro from seeking and obtaining interim or permanent equitable or injunctive relief, or any other relief available to safeguard StockGro's interest prior to, during or following the filing of arbitration proceedings or pending the execution of a decision or award in connection with any arbitration proceedings from a court having jurisdiction to grant the same. The pursuit of equitable or injunctive relief shall not constitute a waiver on the part of StockGro to pursue any remedy for monetary damages through the arbitration described herein.