If you’ve come across Abinas Murthulla on Instagram or found his website while searching for SEBI-registered research analysts, you are looking at one of the younger entrants in the SEBI-registered research space in South India.
The profile markets itself as “Kerala’s Modern Wealth Company” with a visible social media presence, algo trading services, and a personal branding approach that leans heavily on the “youngest SEBI-registered RA in Kerala” angle.
Before you engage, here’s what the public record actually shows, factually and without legal conclusion.
About Abinas Murthulla
Abinas Murthulla describes himself as having begun his career as a tax practitioner, later moving into financial planning and establishing himself as a professional trader before obtaining SEBI registration.
His website positions the practice around three services: stock market advisory, algo trading, and what he describes as a tailored financial strategy.
Abinas Murthulla frames services as research-backed and personalised, with an emphasis on algo-powered execution and fundamental and technical analysis.
The brand name Coinhaus Capital appears across Instagram and on the website, though Abinas M holds the SEBI registration under his individual name.
Before the Coinhaus Capital branding, Abinas Murthulla was publicly associated with Parpella Wealth, a brand name that appears on his LinkedIn profile under the title CEO.
Is Abinas Murthulla SEBI Registered?
Abinas M holds a valid, perpetual SEBI Research Analyst registration (INH000019938), effective from February 25, 2025.
You can verify the registration on SEBI’s official intermediary portal. The entity has also been enlisted on BSE under membership number 6509.
- Legal Name: Abinas M
- Brand / Trading Name: Coinhaus Capital (formerly associated with Parpella Wealth)
- Registration Type: Research Analyst (Individual)
- Address: Arams Mangalapuram, Thonnakkal PO, Thiruvananthapuram, Kerala – 695317
The public record shows no SEBI orders, penalties, show-cause notices, or arbitration proceedings against this individual or entity at the time of writing.
It is worth noting that the SEBI registration was granted in February 2025, making this one of the most recently registered entities covered in this blog series, with a total operating history of approximately 14 months under SEBI’s formal framework.
Abinas Murthulla Complaints Data
The available Abinas Murthulla complaints data shows a clean but limited record, which is expected given the recency of the SEBI registration.
Annual Complaint Trend: The annual complaint table covers three reporting years. For both 2022–23 and 2023–24, the table lists the data as NA, which is consistent with the fact that the SEBI only granted the registration in February 2025.
The entity had no formal registered status in those years under the current registration. For 2024–25, the record shows zero complaints received, zero resolved, and zero pending, with a carried forward of zero.
The total across all reported years is zero complaints received, zero resolved, and zero pending.
What does the Complaint data imply?
At first glance, the Abinas Murthulla complaints record appears pristine with zero reported complaints. But in this case, the more informative read is simply that the entity is new.
With a registration granted in February 2025 and a client base that is still building, the absence of formal complaints over fourteen months is not surprising.
It is also not a meaningful endorsement of service quality, since formal complaint data typically lags behind actual client dissatisfaction; most investors who are unhappy with a new, small entity simply stop using the service rather than filing a formal SCORES complaint.
The current Abinas Murthulla complaints data does not indicate either strong positive validation or negative investor experience.
Instead, the Abinas Murthulla complaints history primarily reflects the fact that the entity is still new. Watch this data over the next two financial years as the client base grows.
Abinas Murthulla Red Flags
The following observations are drawn from Abinas Murthulla’s own website, SEBI registration records, publicly available MCA data, and social media profiles.
No legal conclusions are drawn.
1. The Website Claims to Offer “Personalised” Strategies
Abinas Murthulla’s website explicitly states: “Understanding each investor’s unique financial goals, investment horizon, and risk appetite to craft aligned short-term and long-term strategies.”
It also says services are “tailored to your unique financial goals, risk appetite, and investment horizon, not one size fits all advice.”
This language describes personalised investment advice. Under SEBI’s regulatory framework, a Research Analyst is licensed to publish generalised research for distribution, not to provide personalised investment advice calibrated to an individual’s financial situation.
That function requires registration as a Registered Investment Adviser (RIA), which is a separate and more stringently regulated category.
This does not necessarily mean Abinas Murthulla is operationally providing RIA-level advice.
It may be a marketing language that does not reflect what is actually delivered. But the gap between what the website says and what a Research Analyst is legally permitted to do is worth noting before you subscribe.
2. The Brand Name “Coinhaus Capital” Is Not the Registered SEBI Entity Name
The SEBI registration is held in the individual name “Abinas M.” The brand marketed across Instagram, the website, and all public-facing content is “Coinhaus Capital.”
There is no separate SEBI registration for Coinhaus Capital as an entity name in publicly available records.
This matters practically: if you pay for a service from Coinhaus Capital, your payment receipt, subscription agreement, and any complaint you file on SEBI SCORES should reference the registered name “Abinas M” and registration number INH000019938, not the brand name.
Discrepancy between brand names and registered names can create confusion during complaint escalation, so always confirm you are dealing with the SEBI-registered individual when signing up.
3. SEBI Registration Is Only 14 Months Old
Abinas Murthulla’s SEBI registration was granted in February 2025, meaning the entity has been operating as a registered Research Analyst for around 14 months.
This is a relatively short operating history under the current registration.
This is not a red flag in itself, as many registered analysts are relatively new. However, a shorter track record can make independent performance evaluation more difficult.
The marketing is forward-looking and credential-heavy, positioning the service around SEBI credibility and “next generation research expertise.” But credibility must be demonstrated over time.
Before subscribing, it is reasonable to ask for a documented history of past recommendations to better understand consistency and approach.
RA SEBI Guidelines in India
A SEBI Research Analyst registration is a statutory requirement, not a mark of quality.
To secure it, an individual must clear the NISM Series XV Research Analyst Examination, meet prescribed eligibility criteria, and satisfy SEBI’s “fit and proper” evaluation covering track record, integrity, and financial soundness.
The table below summarises the key operational limits that apply to every SEBI-registered Research Analyst in India, including Abinas Murthulla.
| What an RA Is Allowed to Do | What an RA Is Not Allowed to Do |
| Publish research reports with buy, sell, or hold recommendations on securities | Provide personalised investment advice tailored to an individual’s specific financial situation |
| Charge fees for research services up to the SEBI-prescribed annual limit per family | Guarantee returns, profits, or any specific financial outcome to a client |
| Deliver research via SMS, email, WhatsApp, or other communication channels | Assure “no loss” or promise capital protection under any circumstance |
| Analyse companies, sectors, and markets using technical and fundamental methods | Trade in the same securities they are actively recommending to clients |
| Disclose conflicts of interest in research reports as mandated under SEBI regulations | Collect subscription fees into a personal bank account; payments must go to the registered entity account |
| Respond to investor complaints within 21 days under SEBI’s SCORES framework | Operate without publishing a grievance redressal mechanism and an investor charter |
| Issue generalised research for broad distribution across their subscriber base | Conduct portfolio management or act as a Registered Investment Adviser without separate registration |
It also helps you distinguish between legitimate research and services that may be overstepping into regulated advisory territory.
As an investor, knowing these limits ensures you understand exactly what you’re paying for and what protections you do or do not have.
What Investors Should Know Before Subscribing?
Before engaging with Abinas Murthulla or Coinhaus Capital for any paid service, the steps below apply broadly and are worth taking in full.
1. Verify SEBI Registration Details
Independently check the registration on the Securities and Exchange Board of India (SEBI) by searching for registration number INH000019938 under the Research Analyst section.
Confirm that the registered name, address, and validity period match the details being provided to you.
2. Confirm Payment Goes to the Registered Entity
Ensure that any payment is made to an account in the name of Abinas M, as per the SEBI registration.
Avoid transferring funds to unrelated personal accounts or brand names unless their linkage to the registered entity is clearly verifiable.
3. Understand the Scope of Algo Trading Services
Ask for clarity on what the “algo trading” service actually includes before subscribing.
Specifically check whether it involves any access to or control over your trading account, which may fall outside the permitted scope of an RA.
4. Get All Terms in Writing
Request a clear written document outlining services offered, fee structure, and refund policy.
Do not rely solely on verbal assurances or informal communication channels like WhatsApp.
5. Review Track Record Before Paying
Ask for a documented history of research calls made since February 2025.
Look for time-stamped records with entries, exits, and outcomes to assess consistency and approach.
Do not rely on Instagram posts or selected screenshots as evidence of consistent performance.
How to Report Against a Research Analyst in India?
If you have engaged and your concerns are not being addressed, here is the process.
-
Gather Evidence: Begin by assembling all the necessary documents related to your concern. This may include payment proofs, email exchanges, chat conversations, trade records, and relevant screenshots. Well-organized documentation strengthens your case and adds credibility to your complaint.
-
Contact the Research Analyst: Before escalating the issue, make an effort to connect with the research analyst or the firm directly. Communicate your problem clearly and request a resolution. Often, concerns can be addressed at this stage without needing further action.
-
Register a Complaint in SCORES: If the issue remains unresolved, you can lodge a complaint on the SEBI SCORES platform. This official system enables investors to raise grievances against registered entities. After submission, your complaint is sent to the concerned firm, and you can monitor your SEBI complaint status online.
-
File a Complaint in SMART ODR: If you are still not satisfied, you can proceed to the SMART ODR platform. It offers an online dispute resolution mechanism through mediation and conciliation, ensuring a more streamlined and efficient process.
-
Stock Market Arbitration: As a last resort, you may choose arbitration. This formal legal process involves an independent authority reviewing your case and issuing a binding decision, typically when all other options have been exhausted.
Need Help?
If you have paid for services from Coinhaus Capital or Abinas Murthulla and feel that something is wrong, our team can help you assess the situation clearly.
Register with us now. We will review your case to assess whether a valid regulatory grievance exists and outline the realistic paths available to you.
We then assist in drafting a factually strong complaint for Securities and Exchange Board of India SCORES and guide you through the SCORES 2.0 filing process.
Where applicable, we also help you navigate Smart ODR and, for cases that meet the threshold for formal arbitration, direct you to the appropriate resources.
Reach out with your payment records, subscription details, and whatever communication you have. We will give you an honest assessment of what your options are.
Conclusion
When evaluating Abinas Murthulla complaints and overall credibility, the current public record shows a valid SEBI Research Analyst registration, zero formal complaints, and a relatively new operating history.
For a registration that is only fourteen months old, the compliance infrastructure is more visible than many peers at the same stage. That is worth acknowledging.
At the same time, several patterns observable from the entity’s own website and public materials deserve a careful look before you pay.
These include factors often discussed in Abinas Murthulla complaints-related searches, such as marketing language suggesting personalised services and a limited operating track record.
These findings lead to a broader question often asked by retail investors: can we trust SEBI registered research analysts in India blindly?
The answer is no.
SEBI registration grants the legal right to operate. It does not grant presumptive trust. Ask for the track record, get the terms in writing, and understand exactly what you are paying for.
