The rules of engagement for using Kautilya.

These Terms of Service ("Terms") form a legally binding agreement between you and Kautilya, a sole proprietorship registered in India under Udyam-BR-26-0228225 ("Kautilya", "we", "us"). By creating an account, subscribing, or otherwise using the platform at kautilya.xyz or app.kautilya.xyz (the "Service"), you accept these Terms in full. If you do not accept, do not use the Service.

Kautilya is a software platform that provides risk analytics, quantitative tools, market data, and research utilities for Indian equities and derivatives.

Kautilya is not a SEBI-registered investment advisor, research analyst, portfolio manager, stockbroker, or merchant banker. We do not provide investment advice, buy/sell recommendations, model portfolios, tips, or solicitations to invest in any security. All outputs of the Service — including fair-value estimates, risk scores, scenario analyses, AI commentary, alerts, and ranked lists — are informational only.

You are solely responsible for your investment decisions. Consult a SEBI-registered investment advisor before acting on any analysis you see in Kautilya. Markets carry risk; you can lose money.

• You must be at least 18 years old and competent to contract under the Indian Contract Act, 1872.
• Account credentials are personal and non-transferable. You are responsible for all activity under your account.
• Notify support@kautilya.xyz immediately if you suspect unauthorized access. We may suspend access during investigation.
• We may refuse, suspend, or terminate accounts that violate these Terms, abuse the Service, or are linked to fraudulent payments.

• Paid plans are billed via Razorpay in Indian Rupees (INR). GST and other applicable taxes are added at checkout where required.
• Subscriptions renew automatically (UPI Autopay / e-mandate or card) at the end of each billing cycle unless cancelled.
• Cancellation takes effect at the end of the current billing cycle; you keep access until then.
• Prices may change with at least 30 days' email notice. Existing paid cycles are honoured at the original price.
• Refunds are governed by our Refund & Cancellation Policy.

You may optionally connect a third-party broker (Zerodha, Dhan, Upstox, Angel, Fyers, etc.) to import holdings and place orders. By doing so you authorise Kautilya to call that broker's APIs on your behalf using tokens you provide or that the broker issues during OAuth.

• Kautilya is a tool you operate. Any order is initiated by you, executed by the broker, and routed to the exchange — not by Kautilya.
• Broker SLAs, terms, exchange limits, margin rules, and order rejections are governed by your relationship with the broker, not with us.
• We are not liable for broker downtime, order routing failures, slippage, partial fills, exchange rejections, or losses arising from broker-side errors.
• You may revoke broker access at any time from Settings or from your broker's console.

• Market data is sourced from licensed providers (Dhan, Kite, Yahoo Finance, NSE/BSE end-of-day feeds, FRED). Quotes may be delayed, cached, or computed; consult your broker terminal before any execution-sensitive decision.
• The Artha AI analyst generates commentary using a large language model. Outputs can be wrong, incomplete, or inconsistent. Do not treat AI output as investment advice.
• Fair-value estimates, VaR, Greeks, vol surfaces, and similar quantitative outputs are model results. Models can be miscalibrated, stale, or unsuitable for your scenario. Use judgement.

You agree not to:

• Scrape, mirror, redistribute, or resell data from the Service.
• Reverse engineer, decompile, or attempt to extract source code, models, or credentials.
• Use the Service for high-frequency or algorithmic trading at a volume that imposes disproportionate load on our infrastructure or connected broker APIs.
• Share, sell, or sub-license your account, broker tokens, or API keys.
• Use the Service to commit market manipulation, insider trading, money laundering, or any other illegal activity.
• Upload malicious content, attempt unauthorized access, or interfere with other users.

Violations may result in immediate suspension without refund and reporting to law enforcement where applicable.

The Service, its design, code, models, content, and trademarks are owned by Kautilya or its licensors. You receive a limited, non-exclusive, non-transferable, revocable licence to use the Service for personal, non-commercial portfolio analysis during your subscription term. Your portfolio data, notes, and journal entries remain yours.

The Service is provided "as is" and "as available" without warranty of any kind, express or implied, including warranties of merchantability, fitness for a particular purpose, accuracy of data, non-infringement, or uninterrupted operation.

We do not warrant that any analysis, model output, alert, AI response, or data point is accurate, current, or suitable for any particular use. You assume all risk of reliance.

To the maximum extent permitted by Indian law, Kautilya, its founder, employees, and contractors will not be liable for any indirect, incidental, consequential, special, punitive, or exemplary damages, including loss of profits, trading losses, missed opportunities, loss of data, or loss of goodwill arising out of or in connection with your use of the Service.

Our aggregate liability for any claim arising out of or relating to the Service is limited to the total amount you paid to Kautilya in the 12 months preceding the event giving rise to the claim, or INR 5,000, whichever is lower.

You agree to indemnify and hold harmless Kautilya from any claim, loss, or liability (including reasonable legal fees) arising from (a) your use of the Service, (b) your breach of these Terms, (c) your violation of any law, or (d) your infringement of any third party's rights.

You may close your account at any time from Settings. We may suspend or terminate your account, with or without notice, if you breach these Terms or if continued service is unlawful. On termination, access ceases; the surviving clauses (IP, disclaimers, liability, indemnity, jurisdiction) remain in force. Refund eligibility is governed by the Refund Policy.

These Terms are governed by the laws of India. Subject to applicable consumer-protection law, the courts at Patna, Bihar shall have exclusive jurisdiction over any dispute arising out of or relating to these Terms or the Service.

For unresolved complaints, email grievance@kautilya.xyz. Under the Consumer Protection (E-Commerce) Rules, 2020, we will acknowledge within 48 hours and aim to resolve within 30 days.

We may revise these Terms as the product or law evolves. Material changes will be notified by email at least 7 days before they take effect. Continued use after the effective date constitutes acceptance.