You might have seen a lot of stock market educators today who not only teach but also offer paid research services.
It creates a natural question in your mind. Are you paying for learning, or are you paying for advice?
This confusion is very real, especially when someone has strong credentials and a growing community.
That is exactly why checking Aashish Bansal complaints becomes important. Not to find faults, but to understand whether everything behind the scenes is as structured and compliant as it appears on the surface.
Because in the stock market, clarity is not just helpful, it is necessary.
In this blog, we will go beyond the visible layer and help you understand what really matters before you make a decision.
Aashish Bansal Review
Aashish Bansal is a SEBI-registered research analyst with Registration Number INH000023533 and also a qualified Chartered Accountant.
He is the founder of Market Minds by AA and focuses on stock market education along with research-based insights.
His work revolves around simplifying trading and investing concepts using technical analysis, market psychology, and real market examples.
He actively shares content and insights through platforms like Telegram, LinkedIn, and other digital channels.
He also offers research-based services where users receive trading alerts and strategies.
Here is what his service includes:
- 2 to 3 research alerts per day through the mobile app or the web portal.
- 1 to 2 research alerts on BankNifty and Nifty options daily.
- 1 to 2 research alerts on Finifty every week.
- BTST level alerts and expiry special strategies.
- Clearly defined targets and stop losses in each alert.
- Live market customer support.
- Risk level is mentioned as high to very high.
The pricing for this service is around ₹1,77,000 yearly.
As per SEBI guidelines for RA, a Research Analyst is allowed to charge up to ₹1,51,000 per year per client.
So why is the pricing higher than the prescribed limit?
Another important detail to notice is that his website’s terms and conditions clearly mention SEBI guidelines, where it is stated that a Research Analyst can charge up to ₹1,51,000 per year.
Then why do the actual plans go beyond this limit by more than ₹25,000 annually?
This kind of contradiction between stated rules and actual pricing is something investors should carefully question and understand before subscribing.
Aashish Bansal Complaints Data
So, what does the complaint data show?
Aashish Bansal complaints data is available on the website, which is a good sign from a transparency point of view. However, the data is only available for one year.
Ideally, SEBI advises Research Analysts to maintain at least three years of complete history on their platform.
But in this case, it is understandable because the SEBI registration was obtained recently in 2025.
This indicates that there are no officially reported complaints in the last year.
However, as an investor, you should still verify multiple aspects before making a decision. Complaint data is just one part of the overall picture.
What SEBI Registered Research Analysts Can Do?
Before you rely on any Research Analyst, it is important to understand the exact role they are supposed to play.
SEBI has clearly defined its responsibilities so that investors receive structured and research-backed guidance.
- These permissions are designed to ensure that advice is based on analysis and not on speculation or marketing.
- They can study the market and share detailed research reports.
- They can provide actionable insights like entry, exit, and risk levels.
- They can offer advisory services for different segments, like equity and derivatives.
- They can charge fees only after proper disclosure and agreement.
- They must ensure that their advice is unbiased and backed by data.
What SEBI Registered Research Analysts Cannot Do?
Along with defined responsibilities, there are strict boundaries that Research Analysts must not cross. These rules exist to prevent misuse of trust and protect investors from unfair practices.
Understanding these restrictions helps you identify warning signs early.
- They cannot promise guaranteed profits or a fixed income from trading.
- They cannot handle your trading account or hold your funds.
- They cannot exaggerate past performance to attract clients.
- They cannot hide risks or important terms from investors.
- They cannot charge fees beyond the limit defined by SEBI guidelines.
This is where investors often ask can we trust SEBI registered RA without fully checking disclosures and compliance history, and the answer to this is, not blindly.
Trust in a SEBI-registered Research Analyst should always be conditional on verification, transparency, and consistent compliance, not just registration status.
How to Report Against Research Analyst?
If something goes wrong with Aashish Bansal or any other Research Analyst, the best approach is to stay calm and follow a clear process.
Rushing or reacting emotionally can make things messy, while a structured approach helps you present your case properly.
Here are the steps you need to follow to register your complaint:
Step 1: Organize Your Evidence
Evidence plays a major role in proving your complaint, so start by collecting everything related to your interaction.
This includes chats, emails, invoices, bank statements, and any promises or claims that were made. Having all details in one place helps you explain your issue clearly and avoids confusion later.
Step 2: Reach Out to Your Research Analyst First
Before going to any authority, give the Research Analyst a fair chance to respond. Contact their support team or official channel and explain your concern properly.
In many cases, issues get resolved at this stage itself if communication is clear.
Step 3: Register a Complaint in SCORES
If you do not receive a proper response, the next step is to register your complaint on the SEBI SCORES portal.
This ensures that your issue is officially recorded and the analyst is required to respond within a given timeline.
Step 4: Lodge a Complaint in SMART ODR
If the issue remains unresolved, you can move to the SMART ODR platform.
This is an online system where mediation or conciliation is conducted in a structured way to help both parties reach a fair outcome.
Step 5: Arbitration in Share Market
If none of the above steps work, arbitration becomes the final option.
It is a legal process where your case is reviewed, and a decision is given based on facts and evidence.
Need Help?
If you don’t know how to proceed with the complaint process, all of these steps can feel like too much. It’s perfectly normal to be unsure of where to start and what to do next.
You can register your complaint with us if you need help. We will listen to your complaint carefully and guide you through the complaint process from the beginning to the end.
We help you every step of the way, from gathering the right evidence to writing your complaint and filing it on the right platform. We can also help you during arbitration and counseling if you need it, so your case is handled in the best way possible.
Our goal is to make the entire journey simple, clear, and manageable for you, so you can focus on getting a fair resolution.
Conclusion
So, after going through Aashish Bansal complaints, what should you actually focus on as an investor?
On one hand, there is a strong profile backed by professional qualifications, educational content, and structured research services. On the other hand, there are certain areas like pricing compliance that deserve closer attention.
This creates a situation where everything is not clearly negative, but not something you should accept without questioning either.
The absence of complaints may look reassuring, but real confidence comes from understanding both compliance and clarity in offerings.
So before you make any decision, take your time, verify the details, and ask the right questions.
Because in the end, protecting your capital is always more important than chasing opportunities.
