--- title: "Disclaimers | RupeeCase" description: "RupeeCase (Rupee Case) Disclaimers & Risk Disclosure. Understand investment risks, backtesting limitations, and regulatory disclosures. QC Alpha Technologies." source_url: "https://www.rupeecase.com/disclaimers" --- # Disclaimers & Risk Disclosure Last Updated: 13 April 2026 ## Table of Contents 1. No Guarantee of Returns 2. No Guarantee of Returns 3. No Guarantee of Returns 4. No Guarantee of Returns 5. No Guarantee of Returns 6. No Guarantee of Returns 7. No Guarantee of Returns 8. No Guarantee of Returns 9. No Guarantee of Returns 10. No Guarantee of Returns ## 1. General Disclaimer All investments are subject to market risk. Please read all product and risk disclosure documents carefully before making any investment decision. Content available on the RupeeCase website, including but not limited to: * Podcast episodes ("The Tanmay Edge") * Learning modules and educational materials * Calculators and analytical tools * Market commentary and analysis is provided for educational and informational purposes only. This content is **NOT** investment advice, a recommendation to buy or sell any security, or a solicitation to invest. You must make independent investment decisions based on your own analysis and consult a qualified financial advisor if needed. ## 2. Platform Status RupeeCase is a technology platform operated by **QC Alpha Technologies Pvt Ltd**, located at Pune, Maharashtra 411038, India. RupeeCase is **NOT**: * A Mutual Fund * A Portfolio Management Service (PMS) * An Alternative Investment Fund (AIF) * A SEBI-registered Investment Advisor RupeeCase provides access to algorithmic trading strategies and research reports. Users execute trades through their own brokerage accounts and bear all investment risks. ## 3. Research Analyst Disclosure Research provided via RupeeCase is authored by **QC Alpha Research Pvt Ltd**, a 100% subsidiary of QC Alpha Technologies Pvt Ltd. QC Alpha Research Pvt Ltd's SEBI Research Analyst registration is **pending**. Research reports are provided for informational purposes and do not constitute investment advice or a recommendation. All research is subject to the disclaimers in Section 1. ## 4. Backtesting Disclaimer Past performance is **NOT** indicative of future results. All backtested returns presented on RupeeCase: * Are **hypothetical** and do NOT represent actual trading performance * Do NOT account for the impact of material economic events, market disruptions, or unforeseen circumstances * Include a standard **0.5% round-trip trading cost assumption** (bid-ask spread, brokerage, and other execution costs) * May not reflect the actual results you would achieve due to slippage, market impact, or timing differences Strategy allocations, weightings, and rebalancing frequencies may change at each rebalance date. Actual implementation results will differ from backtested performance. ## 5. Algorithmic Trading Risks Algorithmic trading carries inherent risks, including: * **Technology Failures:** System outages, software bugs, or hardware failures may prevent order execution * **Connectivity Issues:** Network interruptions or API failures may disrupt trading * **Execution Delays:** Orders may not execute at intended prices due to market conditions or system latency * **Broker Infrastructure:** Order execution depends on your broker's systems; RupeeCase is not responsible for broker-side failures Before deploying capital, you **must understand the logic and mechanics of the trading strategy** you are using. RupeeCase algorithmic trading complies with the SEBI circular dated February 4, 2025, and NSE/BSE algorithmic trading guidelines. ## 6. Broker & Execution All trades executed via RupeeCase are routed through your broker account (currently **5paisa Capital Ltd**). RupeeCase is **NOT responsible** for: * Execution quality or pricing * Slippage or market impact * Broker system failures or delays * Failure to execute orders You must maintain sufficient funds and margins in your brokerage account to support strategy execution. Your broker may cancel or reject orders if margin requirements are not met. ## 7. Tax Implications You are solely responsible for understanding and paying all applicable taxes on your investments and trading activity, including: * Capital Gains Tax (short-term and long-term) * Securities Transaction Tax (STT) * Goods and Services Tax (GST) on brokerage fees * Stamp Duty on trades * Any other applicable taxes under Indian law We strongly recommend consulting a qualified tax advisor to understand your tax obligations and optimize your tax strategy. ## 8. Third-Party Content RupeeCase may include links to third-party websites and resources for informational purposes only, including: * [SEBI (sebi.gov.in)](https://sebi.gov.in) * [NSE (nseindia.com)](https://nseindia.com) * [BSE (bseindia.com)](https://bseindia.com) * [MCX (mcxindia.com)](https://mcxindia.com) RupeeCase is not responsible for the accuracy, completeness, or availability of third-party content. Your access to and use of third-party websites is at your own risk and subject to their terms and conditions. ## 9. SEBI Study Reference According to a study published by SEBI (September 2024): * **93% of individual retail traders** in the F&O (Futures & Options) segment incurred losses between FY22 and FY24 * **Aggregate losses exceeded ₹1.8 lakh crores** over this three-year period Source: [sebi.gov.in](https://sebi.gov.in) This data underscores the significant risks of derivatives trading. Most retail traders lose money. Trade carefully and only with capital you can afford to lose. ## 10. No Guarantee of Returns RupeeCase makes **NO representation** that: * Any account will achieve profits or losses similar to those shown in backtests * Future performance will match historical or backtested returns * Any strategy will generate positive returns or achieve specific goals Actual results may differ materially from backtested, hypothetical, or historical performance due to market conditions, execution differences, risk events, and other factors beyond RupeeCase's control.