BlueChip Insights: Company Profile, Registration, Pricing And Red Flags

₹25,000 for one month. ₹1,50,000 for a year. A SEBI number on almost every page.

BlueChip Insights presents itself as a SEBI registered research firm, so subscribing feels safe.

But a registration number is where your checking should begin, not where it should end.

So we read the SEBI register, every policy page, and both price lists. Here is what we found, in plain words.

BlueChip Insights Review

BlueChip Insights is a research firm that runs the website bluechipinsights.in. The site says it operates as a trade name under BlueChip Insights.

Its footer carries the tagline about taking the guesswork out of investing.

It also lists the addresses and contact details below:

Detail	What The Website Shows
Website	bluechipinsights.in
Address in footer	2/25 Sindhi Society, Ram Nagar, Off S.V. Road, Borivali (W), Mumbai 400092
Branch address	Mahape, Navi Mumbai 400710
Sales email	[email protected]
Compliance email	[email protected]
Customer helpline	+91 7045157890
Customer inquiry	+91 8108169471

The footer also links to the Terms and Conditions, Privacy Policy, Refund Policy, Grievance Redressal Policy, Investor Charter, Complaint Data, Standard Disclosure, Legal Disclaimer, Service Disclosure and a Registered Research Analyst page.

We have read the pages that matter most and cover them below.

Is BlueChip Insights SEBI Registered?

Yes, a SEBI Research Analyst registration exists under this number. But it sits in an individual’s name, and that is worth understanding.

Here is what SEBI’s official register shows:

Field	SEBI Register Result
Name	MAITREYA GOVIND MAHAJAN
Registration number	INH000008570
Validity	22 July 2021 to perpetual
Address	Shop No. 4, Eklavya CHS Ltd., NL Complex, Anana Nagar, Dahisar (East), Mumbai, Maharashtra 400068
Contact person	Maitreya Mahajan
Email on record	A Gmail address, different from the firm’s compliance email

INH stands for Research Analyst. An Investment Adviser number starts with INA instead.

Our page on SEBI registered research analyst vs investment advisor explains why the difference matters to you.

The firm’s own Registered Research Analyst page also names Maitreya Govind Mahajan and shows INH000008570.

So the website and the register agree on the name and the number.

Perpetual means the registration has no fixed end date.

It does not mean SEBI has approved every claim, service, or marketing line the firm makes.

It takes a minute to verify this yourself. A SEBI registration number search lets you enter INH000008570 or the name and see the result.

Registration Date And Address: What Does Not Match?

This is where careful readers should slow down.

Three details on the website do not match the register:

1. The registration date. The Standard Disclosure page says the analyst “got its registration on 19th July 2024”. The SEBI register shows 22 July 2021.

That is a gap of three years. The material we reviewed does not explain it.

2. The address. The register shows Dahisar (East), Mumbai 400068. The website footer and its Registered Research Analyst page show Borivali (W), Mumbai 400092.

The site also lists a Mahape branch.

These could be a registered address, an operating office and a branch. Nothing we reviewed says which is which, or whether SEBI has the latest one.

3. The registration number on the package page. The live Packages page describes the monthly plan as guidance from a Research Analyst numbered INH00017736.

That differs from INH000008570 shown on the registered analyst page and found on the SEBI register. It also has fewer digits than a standard INH number.

It may be a typing slip. But the website has not said so, and a registration number on a payment page should be exact.

We do not draw any conclusion about intent.

We only suggest you ask the firm for the current SEBI record and the reason for each difference, in writing, before you pay.

BlueChip Insights Founder

The Registered Research Analyst page names Maitreya Govind Mahajan as both Compliance Officer and Grievance Officer.

It shows registration INH000008570, the Borivali address, and the compliance email.

The contact fields for the officers on that page are largely unfilled. The footer separately supplies the phone numbers.

There is also a declaration under the She-Box portal. She-Box is SEBI’s online channel for complaints under the law on sexual harassment at the workplace.

The page cites a SEBI circular dated 27 December 2024, and it is signed by Maitreya Govind Mahajan as Director.

It names a presiding officer and a nodal officer, with the other member fields marked NA.

This declaration concerns workplace compliance. It is not a route for investor complaints, so please do not use it for that.

Services Offered By BlueChip Insights

BlueChip Insights sells research subscriptions in three plans.

The website describes each plan as follows:

Plan	Duration	What The Website Lists
Momentum Plan	Monthly	SEBI registered research guidance, equity and market research reports with technical and fundamental views, short-term and long-term coverage, regular market updates, direct analyst support
Growth Plan	Half yearly	All monthly benefits, priority analyst access, sector-wise research, portfolio guidance, a stated cost advantage
Wealth Plan	Yearly	Complete research access, dedicated analyst interaction, long-term market outlooks, quarterly portfolio review (research only), maximum savings

The website pitches the monthly plan to people who want to explore professional research first.

It pitches the half-yearly plan to those who want steady support for medium-term planning, and the yearly plan to serious investors and traders who want continuous research.

In plain words, you pay for research and analyst access. You do not hand over money to be invested.

The firm’s Standard Disclaimer also says it does not provide order execution services.

If anyone offers to execute trades in the firm’s name, the page asks you to deny it and report it to the firm.

Terms like “portfolio guidance” and “dedicated analyst interaction” are not defined on the pages we reviewed. Ask what exactly you receive, how often, and in what form.

BlueChip Insights Pricing Details

The website shows two sets of prices.

One screenshot labels them as excluding GST, and another labels them as including taxes.

The live Packages page checked during our review shows the inclusive set.

First, the prices before GST.

Plan	Price Excluding GST	Listed Duration
Momentum, monthly	₹25,000	Monthly
Growth, half yearly	₹75,000	Half yearly
Wealth, yearly	₹1,50,000	Yearly

Next, the prices the live page shows with taxes included.

Plan	Price Including Taxes	Listed Duration
Momentum, monthly	₹29,500	Monthly
Growth, half yearly	₹88,500	Half yearly
Wealth, yearly	₹1,77,000	Yearly

The website does not name a tax rate or explain the gap.

But in our arithmetic, each inclusive price is the exclusive price plus 18 percent.

₹25,000 plus 18 percent is ₹29,500.

So the two lists look like the same prices before and after GST. Still, always ask which figure you will be invoiced.

How Does This Compare With SEBI’s Fee Cap?

SEBI puts a ceiling on what a research analyst can charge. The cap is ₹1,51,000 per client family per year.

Our page on how much can a SEBI research analyst charge explains how the cap works.

The firm’s Terms and Conditions page states a maximum fee of ₹1.51 lakh excluding GST per annum per family. The yearly plan is listed at ₹1.50 lakh.

So the yearly plan sits ₹1,000 under the limit. The website does not explain why the two figures are not identical.

Now see what each plan adds up to over twelve months, before GST.

Plan	Price	Times In A Year	Annual Total	Against ₹1,51,000
Momentum	₹25,000	12	₹3,00,000	Above the cap
Growth	₹75,000	2	₹1,50,000	Just under the cap
Wealth	₹1,50,000	1	₹1,50,000	Just under the cap

The cap applies to the total a family pays in a year. So a client who renews the monthly plan for twelve months would pay ₹3,00,000 before GST.

That is almost double the limit. We do not say anyone has been charged this. It is simply arithmetic that you should check against how the firm tracks your yearly total.

No conclusion is drawn about the fee any client has actually paid.

Before You Pay

• Ask for a written invoice showing the plan, the price, GST, and the registration number.
• Ask how the firm tracks your total payments across a year against the ₹1,51,000 limit.
• Confirm in writing whether you are quoted the price with or without GST.
• Save screenshots of the Packages page and the Refund Policy on the day you pay.

Is BlueChip Insights Reliable?

We cannot call a firm reliable or unreliable from a website.

What we can do is list what the firm’s own pages show and what deserves a question.

Each pointer below comes from the supplied pages and screenshots:

1. The Registration Exists, But Its Details Do Not Line Up

A valid registration is a good start.

But the 2021 and 2024 dates, the three addresses, and the second INH number on one page are all open questions.

Any one of them could be a drafting slip.

Together, they are worth asking about before you pay.

2. A Monthly Plan Renewed All Year Passes The Fee Cap

At ₹25,000 a month, twelve renewals come to ₹3,00,000 before GST. SEBI’s limit is ₹1,51,000 per family per year.

This is the biggest question we have about pricing.

Ask how the firm keeps a repeat monthly client within the cap.

3. Two Price Lists Appear On The Same Website

One capture shows prices excluding GST, and another shows prices including taxes.

They match once 18 percent is added.

But a client who sees ₹25,000 on one page and ₹29,500 on another may not know which one applies. Ask before paying.

4. The Refund Policy Is Very Short

The policy says subscriptions cannot be cancelled or refunded once paid.

We cover the wording in full on our page about Bluechip Insights reviews.

For now, note that SEBI’s own framework expects proportionate refunds in some cases.

Read the policy before you pay.

5. Officer Contact Fields Are Largely Empty

The Registered Research Analyst page names the Compliance Officer and Grievance Officer.

But the contact fields for the officers are mostly unfilled.

The footer has phone numbers, so a route exists.

Still, a grievance officer’s own number and email should be easy to find.

6. Public Feedback And Complaint Figures Exist

The firm publishes a complaint table, and a public review listing carries a one star review.

Neither is a regulatory finding.

We keep both separate from this page on purpose. The review page explains what each shows and what it does not.

7. Disclosures Are The Firm’s Own Declarations

The conflict of interest and compensation statements are declarations made by the firm. We have not tested each one independently.

The Legal Disclaimer also says the firm or its promoters may hold shares in companies it discusses.

That sits beside statements that the analyst does not trade, so ask which one applies.

Treat them as statements to be relied on only as far as they can be checked.

Paid for research and unsure whether the fee, the refund, or the registration details were right?

Our team reads your payment proof and the firm’s terms, helps you prepare a written complaint, and tells you which route fits your case.

Register with us for a free consultation

BlueChip Insights: Privacy Policy, Disclosures And Disclaimers

Policy pages are boring, and most people never read them.

But they tell you what you are agreeing to when you share your phone number and pay.

What Does The BlueChip Insights Privacy Policy Say?

The Privacy Policy contains a line that deserves a slow read.

It says personal information, public or private, “will be sold, rented, exchanged, transferred, or given to any company or individual for any reason without your consent for the same.”

Read on its own, that sentence appears to say the opposite of what most privacy policies promise.

It may be a drafting error, since the same page says the only use of your information is to provide the services you subscribed to.

The policy also says information may be used for newsletters, surveys, contests and marketing.

By registering your mobile number, you agree to be contacted by the firm and to receive SMS.

It says this applies even if your number is on the Do Not Disturb registry. It also warns you may receive calls about promotions, contests and polls.

Finally, the policy says the firm may disclose a client’s identity to the issuer of securities, or to a government or regulatory body, without further consent when required by law.

Before you share documents or a number, ask the firm to confirm in writing how your data is handled.

What Do The BlueChip Insights Standard Disclosure And Service Disclosure Say?

The Standard Disclosure page states that BlueChip Insights is registered with SEBI as a Research Analyst. It also states that the Research Analyst never guarantees returns.

It adds that investing in stocks and other securities is always subject to market risk. It says past performance is not a guarantee of future results.

It also says the analyst shall not be responsible for any loss to investors.

It adds that there are no actual or potential conflicts of interest, and that any conflict will be disclosed to the client as and when it arises.

The page then lists disclosures about conflicts of interest.

In simple words, the firm declares the following:

• Neither the analyst nor its employees or associates trade in securities that are the subject of a recommendation.
• There are no conflicts of interest from any connection with an issuer of the securities.
• No compensation has been received from the subject company for investment banking or for managing a public offering.
• The subject company was not a client in the twelve months before the recommendation.
• Neither the analyst nor its associates served as an officer, director, or employee of the subject company, or engaged in market making.

The Service Disclosure page repeats these ideas for the research services.

It adds that the analyst or its relatives have no financial interest in the subject company and no ownership of one percent or more.

These are declarations made by the firm. The review we worked from has not independently tested each one.

What Does The BlueChip Insights Legal Disclaimer And Standard Disclaimer Say?

The Legal Disclaimer says all content is protected, and that copying or distributing it without permission is prohibited.

It describes BlueChip Insights as an independent equity research firm operating under the licence of its proprietor.

It says the website is not an investment adviser and that information is for informational purposes only. It also says nothing there is an offer to buy or sell a security.

It tells subscribers to consider whether a recommendation suits them and, if needed, to consult a licensed adviser.

Performance data quoted is described as not indicative of future results.

It also says the user agrees to indemnify the firm, its promoters and employees against losses linked to the user’s own decisions.

The final decision to buy, hold, or sell is stated to be the user’s.

The Legal Disclaimer also says all content is provided on an “as is” basis.

It says the information is believed to be reliable, but the firm does not warrant its completeness or accuracy.

The Legal Disclaimer says the content is not meant for use outside India, and names the USA, Canada, and the European Union.

It also says the firm or its promoters, employees, or affiliates may hold shares in the companies discussed. Please read this line beside the other statements.

The Standard Disclosure says the analyst and its associates do not trade in the securities it recommends.

It also says its representatives will not make trades in the securities covered.

These statements may be about different things, such as holding against trading. But the pages do not explain, so ask the firm which one applies to you.

The Standard Disclaimer says the firm does not receive remuneration from any third party for distribution of the securities it covers.

It repeats that it offers no order execution. It adds that the firm does not recommend any stock or commodity broker, and receives no payment if a representative names one.

It also says the firm complies with the SEBI (Research Analysts) Regulations 2014.

Our page on SEBI registered research analyst regulations explains what these rules require.

So the disclaimers are broad. A broad limit on liability does not remove rights you may have under SEBI’s rules, which we explain on the review page.

Has SEBI Passed Any Order Against BlueChip Insights?

The research we worked from found no SEBI order or other public regulatory action against BlueChip Insights.

The research also did not estimate returns, performance, client numbers, or revenue, because none were available.

That is not proof that none exists.

Orders can be published later, and our review covers only the material supplied.

Check SEBI’s orders section yourself on the day you pay, using the firm’s name and the registered analyst’s name.

What To Do If You Face A Problem With BlueChip Insights?

Nobody pays for research expecting a dispute. But if calls stop, a refund is refused, or the replies dry up, start with the firm in writing.

If that does not work, SEBI’s online complaint system is the next stop.

Our page on the SEBI SCORES portal shows what to attach and how a case moves after you file.

Keep the payment receipt, the plan name, screenshots of the pages and every message in one folder.

For a payment dispute, the SMART ODR complaint portal offers a neutral conciliation step before anything else.

Note the date of every message you send, since each step builds on the one before.

For the full process, see how to file complaint against SEBI registered research analyst step by step.

Disclaimer: This page is based on the firm’s website pages, supplied screenshots and SEBI’s public register result, as of 13 November 2026. It does not allege any offence, and we found no SEBI order or statement from any regulatory authority on these points

Conclusion

BlueChip Insights has a real SEBI Research Analyst registration, and the website discloses its complaint data and policies. That deserves a fair mention.

But the registration dates differ, the addresses differ, a second INH number appears on a package page, and the monthly plan can pass the SEBI fee cap if renewed all year.

The privacy policy also has a line that needs clarification.

Before you pay, ask for the registration record, the invoice, and the fee cap tracking in writing. Keep every reply.

If something goes wrong later, you have regulated routes to use. Report, document, and escalate calmly.

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Frequently Asked Questions

1. Is BlueChip Insights SEBI registered?

SEBI's register lists registration INH000008570 in the name of Maitreya Govind Mahajan, valid from 22 July 2021 to perpetual.

2. What are the BlueChip Insights plan prices?

The website lists ₹25,000 monthly, ₹75,000 half yearly and ₹1,50,000 yearly excluding GST. The live page shows ₹29,500, ₹88,500 and ₹1,77,000 including taxes.

3. Does BlueChip Insights give refunds?

Its Refund Policy says subscriptions cannot be cancelled or refunded once payment is made. SEBI's rules on proportionate refunds should be compared with this wording.

4. Does BlueChip Insights guarantee returns?

No. Its own Standard Disclosure says the Research Analyst never guarantees returns, that investing is subject to market risk and that past performance is not a guarantee of future results.

5. What should I check before paying BlueChip Insights?

Check the SEBI register by name and number, ask which INH number appears on your invoice, confirm whether GST is included, and ask how your yearly total is kept within ₹1,51,000.