Important disclaimer & risk disclosure
Regulatory status. QuantSmart Technologies and SmartEdge are not registered
with the Securities and Exchange Board of India (SEBI) in any capacity, including as an
Investment Adviser under the SEBI (Investment Advisers) Regulations, 2013 or as a Research Analyst
under the SEBI (Research Analysts) Regulations, 2014.
Purpose. This is a calculation tool. It computes what a rule you specify
would have done on historical prices. Nothing here is investment advice, a research report, a
recommendation, or a solicitation to buy or sell any security.
Hypothetical results. All figures are simulated on past prices. No capital was
deployed and no orders were placed. Hypothetical performance carries inherent limitations,
including the benefit of hindsight and the absence of live execution risk.
A single backtest is one sample. The same rule over a different period can produce
a very different outcome. Figures for one date range say little about any other, and nothing
about the future.
Costs and tax. Net figures deduct slippage, STT, stamp duty, exchange and SEBI
charges, GST, DP charges and capital-gains tax, with gains aggregated per Indian fiscal year and
statutory set-off applied. Whether frequent trading is assessed as capital gains or business income
depends on facts and circumstances, and rates change with each Finance Act. This is a modelling
assumption, not tax advice — consult a chartered accountant.
Survivorship bias. Built-in universe lists are current index constituents applied
to historical periods, so companies removed from an index during the test window do not appear.
This biases results upward.
Liquidity. Backtests can select stocks that cannot be bought or sold at size.
The turnover filter exists to prevent this; relaxing it produces returns that are arithmetically
correct and practically unachievable.
Data. Prices are end-of-day and shown on a delayed basis; nothing on
this platform is real-time. Displayed prices, charts and published accounts are factual
market data, not research. The ordering of any table follows the formula the user
selected — it is arithmetic, not an opinion, and no security is rated, recommended or
assigned a target price anywhere on this platform.
Fundamental data. Value ranking uses published annual accounts. Coverage is
limited to recent years and carries no verified announcement dates, so figures are assumed
available 90 days after each period end.
Past performance is not indicative of future results. Investments in the securities
market are subject to market risks. You may lose part or all of your capital. Consult a
SEBI-registered Investment Adviser before investing. QuantSmart Technologies accepts no liability
for any loss arising from use of this platform.
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