Every day, thousands of Indian investors hand over their trust, and often their money, to someone who promises to help them read the markets better.
But here is the question most people skip in that moment: Is the person giving me this guidance actually registered, regulated, and accountable under Indian securities law?
Abhishek Nandan is a SEBI-registered Research Analyst operating independently out of Jaipur, Rajasthan.
He does not maintain a public-facing website or branded advisory platform, which, in itself, is a detail investors should factor into their due diligence.
What he does carry is a legitimate, verifiable SEBI credential that places him squarely within the regulated investment research ecosystem.
In this blog, we look closely at who Abhishek Nandan is based on publicly available regulatory data, what SEBI permits and prohibits a registered RA to do, and what every investor must understand before engaging with any registered research analyst.
Abhishek Nandan Review
Abhishek Nandan holds a SEBI Research Analyst registration (Reg. No. INH000009463), granted with perpetual validity from May 9, 2022.
He operates as an individual proprietor and is registered at 132 Gayatri Nagar-A, Maharani Farm, Durgapura, Jaipur, Rajasthan – 302018.
One of the first things an investor notices when researching Abhishek Nandan is the absence of a dedicated website or branded advisory platform.
In the current landscape, where most financial advisory services maintain elaborate web presences, this is a meaningful detail.
It means investors cannot independently verify service terms, fee structures, past research outputs, grievance redressal procedures, or SEBI-mandated disclosures through a publicly available digital channel.
This does not make his registration illegitimate; the SEBI credential is verifiable through official channels. But it does mean that the ordinary due diligence steps available to investors evaluating a firm with a website are, in this case, significantly more limited.
Before engaging with any registered analyst who operates without a public-facing platform, investors must ask for documentation through direct communication and verify the registration independently.
Abhishek Nandan’s registration, dated May 2022 and carrying perpetual validity, places him among the cohort of independently operating RAs who work without the institutional backing of a branded firm.
This is a legitimate and recognised structure under SEBI’s RA framework. Individual proprietor analysts can and do provide valuable, compliant research.
What changes is the level of documentation and transparency an investor must independently ensure before proceeding.
What SEBI Allows a Registered Research Analyst to Do?
Under SEBI (Research Analysts) Regulations, 2014, registered individual analysts like Abhishek Nandan operate within a precisely defined regulatory scope.
Knowing what is permitted helps investors set appropriate expectations.
- Issue Research Reports and Analysis: Registered RAs can share analysis on listed securities, sectors, and indices, including stock-specific outlooks, buy/sell/hold views, and market commentary, provided every output is backed by documented research and not presented as a guaranteed outcome.
- Deliver Recommendations Through Permitted Channels: Research calls and reports may be shared via SMS, email, WhatsApp, or telephone, as long as the communication is consistent with SEBI’s code of conduct. Even without a website, delivery through these channels is permissible under the RA framework.
- Charge a Transparent, Fixed Subscription Fee: Fees for research services are permitted, provided they are disclosed in writing before any service commences, are not linked to client trading profits, and are clearly specified in a signed service agreement provided to the client.
- Provide Investor Education and Market Commentary: General market education, sector insights, and analytical frameworks, framed as informational content rather than personalised investment advice, fall within the permitted scope of a SEBI-registered RA.
What SEBI-Registered Research Analysts Cannot Do?
Understanding the hard limits of what any registered RA is prohibited from doing is just as important as knowing the permitted scope.
These restrictions exist specifically to protect investors from misleading or harmful practices.
- No Guaranteed Return Promises: Market outcomes are inherently uncertain. Any RA, registered or otherwise, that assures fixed profits, minimum gains, or loss-proof calls is making a claim that is both factually false and a regulatory violation under SEBI’s RA rules.
- No Portfolio Management Without Separate Registration: A Research Analyst licence covers research outputs only. Managing client portfolios, executing trades on behalf of investors, or operating discretionary accounts all require a separate SEBI registration as a Portfolio Manager or Investment Adviser.
- No Performance-Linked Fee Arrangements: Subscription fees must be fixed and pre-disclosed. Arrangements where an RA earns a share of the client’s trading gains are explicitly prohibited as they create conflicts of interest incompatible with unbiased research.
- No Selective Performance Presentation: Presenting only successful calls in any communication while omitting losing recommendations creates a misleading picture of accuracy. SEBI’s guidelines require balanced, honest disclosure of research track records.
- Mandatory Documentation Before Services Begin: Before any paid service commences, a client must receive a written service agreement, a risk disclosure document, and all SEBI-mandated disclosures. The absence of any of these, particularly from an analyst without a website where such documents would typically be hosted, must be proactively addressed by the investor before proceeding.
What Should You Do If Problems Arise With Your RA?
If you encounter issues with Abhishek Nandan or any SEBI-registered Research Analyst, whether around service quality, documentation, or misleading claims, staying methodical and using the proper redressal pathway is essential.
India’s investor protection framework is accessible, but it rewards those who document carefully and escalate in the right sequence.
- Gather all evidence first: Compile payment records, bank transaction screenshots, copies of any service agreements received, records of recommendations shared, and all communication via WhatsApp, email, or phone. Chronological organisation significantly strengthens your case.
- Contact the analyst directly first: Write to [email protected] or call +91 9503018865. Document the response, or any non-response, as part of your evidence file. A documented direct contact attempt is a prerequisite before escalating to SEBI.
- File a complaint in SCORES: Register at the SEBI SCORES portal with KYC-matching credentials. Select Research Analyst as the intermediary category, enter registration number, describe each grievance as a separate, clearly articulated point, and upload all supporting documentation.
- Monitor your submission regularly: Log into SCORES to track progress and any response from the analyst or SEBI. Respond promptly to requests for additional information to keep the process moving.
- Escalate if the initial response is inadequate: If the resolution offered fails to address your concern, use the escalation option within SCORES. Attach prior correspondence and provide specific, documented reasons for escalation.
- Lodge a Complaint in SMART ODR: For qualifying disputes, the SEBI Online Dispute Resolution portal offers a faster, structured alternative to traditional regulatory proceedings.
- Preserve every record throughout: Keep copies of all submissions, acknowledgment reference numbers, and official responses at every stage of the process.
Need Help?
Dealing with an independently operating analyst, especially one without a dedicated website, can make it harder to know where to start when something goes wrong.
The right approach requires documentation, knowledge of the regulatory process, and persistence.
When you register with us, we help you with:
- How to independently verify SEBI registration validity and check for any adverse orders
- How to identify which mandatory documents you are entitled to receive before any service begins
- How to draft structured, evidence-backed complaints to SEBI SCORES and cybercrime authorities
- How to navigate the full escalation pathway from direct contact to SMART ODR and beyond
Conclusion
Abhishek Nandan holds a valid SEBI Research Analyst registration with perpetual validity since May 2022, operating as an individual proprietor from Jaipur, Rajasthan. His credentials are legitimate and verifiable through the SEBI directory.
However, the absence of a dedicated website or publicly accessible platform means that standard investor due diligence, reviewing service terms, fee structures, risk disclosures, and past research, requires direct, documented communication rather than independent verification online.
This places a greater responsibility on the investor to proactively request all mandatory documentation before any engagement begins.
Verify the registration at SEBI’s official website, insist on receiving a signed service agreement and risk disclosure document before paying any fee, and ensure you understand the full scope of what a Research Analyst licence does, and does not, authorise.
Responsible engagement with any advisory service starts long before the first recommendation arrives.
