Name of Investment Adviser: LLama Research LLP
SEBI Registration No.: INA000018780 (Granted on January 18, 2024)
Registered Office: 106, Mulberry Homes, Dandi Road, Narthan, Beside DPS School, Surat – 395005, Gujarat, India
Principal Officer: Mr. Karan Shah, CFA, FRM
Contact: +91-8800395987 | support@llamaresearch.in
- Purpose of this DocumentThis Disclosure Document provides essential information about LLama Research LLP and its Investment Advisory Services. Its objective is to enable prospective and existing clients to make an informed decision before engaging our services.
- About LLama ResearchBackground & PhilosophyLLama Research LLP is a SEBI-registered Investment Adviser
providing goal-based, research-driven investment advice.
Our philosophy is built on
Growth and Quality at a Reasonable Price (GQRP),
rooted in the thinking of Peter Lynch,
Charlie Munger, and Ralph Wanger.
Our proprietary data-driven framework
blends fundamentals with timing discipline,
ensuring that client portfolios are structured
for both resilience and opportunity.
We align our interests with those of our clients by:
- Understanding each client’s risk profile, goals and return expectations.
- Designing asset allocation strategies suitable to their needs.
- Conducting periodic reviews and recommending corrective actions when necessary.
- Terms & ConditionsLLama Research provides non-discretionary investment advisory services only. Clients take investment decisions at their own risk based on advice provided.Fees, tenure, and service terms are governed by the Investment Advisory Agreement executed between LLama Research and each client.
- Disciplinary HistoryNo action has been taken against LLama Research LLP or its Principal Officer by SEBI or any other regulatory authority since registration.
- Compliance & AuditWe comply with Regulation 19(3) of the
SEBI (Investment Advisers) Regulations, 2013
relating to annual compliance audits.
Compliance Audit Status Report Financial Year Compliance Audit Status Remarks FY23-24 Completed – FY24-25 Completed – - AffiliationsLLama Research LLP has no affiliations with any intermediaries such as stockbrokers, portfolio managers, or distributors.We operate as an independent advisory entity.
- Remuneration & ConsiderationLLama Research does not receive remuneration, compensation, or any other form of consideration from product issuers for advisory services.We do not recommend brokers or intermediaries and have no commission-sharing arrangements.
- Proprietary InvestmentsLLama Research LLP and its partners may hold positions in financial securities outside the recommended list. Where overlap exists with recommended securities, prior disclosure is made to clients.
- Conflicts of InterestWe maintain independence by avoiding broking, distribution and third-party commission activities.Any potential conflict of interest arising from proprietary positions or research coverage will be disclosed transparently to clients.
- Product & Risk Disclosures
- No Guaranteed Returns: Investments are subject to market risks.
- Past ≠ Future: Historical performance does not indicate future outcomes.
- Market Risks: Portfolio NAVs may fluctuate.
- Equity Risks: Stock values may decline.
- Debt Risks: Interest rate, credit and reinvestment risks apply.
- Commodity & Derivatives Risks: May add volatility and amplify gains/losses.
- External Risks: Government actions, wars, disasters and regulations may impact returns.
- ConfidentialityAll client information is treated with strict confidentiality and will not be shared without prior consent, except where required by law or regulation.
- Grievance Redressal / Escalation Matrix
Important Contact Numbers Designation Contact Person Contact No. Email ID Working Hours Customer Care Viddhe Shah 7875245033 Viddhe.shah@llamaresearch.in 9 am – 6 pm Head of Customer Care Viddhe Shah 7875245033 Viddhe.shah@llamaresearch.in 9 am – 6 pm Compliance Officer Karan Shah 8800395987 Karan.shah@llamaresearch.in 9 am – 6 pm Principal Officer Karan Shah 8800395987 Karan.shah@llamaresearch.in 9 am – 6 pm