Subscription-based stock advisory is one of the fastest-growing segments in Indian retail finance.
Thousands of investors pay anywhere from ₹28,000 to over ₹1 lakh annually to firms promising research-backed wealth creation.
Equentis Wealth Advisory Services Limited, operating under the brand Research and Ranking, is among the most visible names in this space.
Before you subscribe, here is what the registration documents, SEBI regulations, and real user experiences actually show.
Equentis Wealth Advisory Services Review
Equentis Wealth Advisory Services Limited was incorporated in 2015 and operates as part of the broader Equentis Group, which was established in 2009.
The advisory platform for retail investors launched in 2016 under the Research and Ranking brand, with offices in Mumbai, Noida, and Bengaluru.
The core offering revolves around personalised stock portfolios built around the investor’s capital size, risk appetite, and investment horizon.
The firm claims to use over 300 AI-based algorithms supported by in-house research to construct these portfolios.
What Services Does Equentis Provide?
Equentis operates as a non-discretionary investment adviser, meaning it provides stock recommendations but does not execute trades on behalf of clients, who retain full control over their investment decisions.
The firm follows a subscription-based model with different tiers based on investor needs.
- Provides stock recommendations and portfolio updates.
- Offers plans like 5-in-5, MPO, and PMP.
- Charges subscription fees from ₹28,000 to ₹1,00,000 annually.
- Does not earn commissions from client trades.
Equentis primarily focuses on retail equity investing through structured advisory plans rather than trading execution.
All recommendations are provided after client risk profiling, with updates shared periodically as part of the subscription model.
Equentis also shares market insights and educational content for a broad audience on Instagram and the Equentis Telegram channel.
When evaluating these offerings, retail participants often ask, is Equentis a good company for long-term wealth creation?
To answer that, one must look at both regulatory standing and client sentiment.
Is Equentis Wealth Advisory SEBI Registered?
Yes. Equentis Wealth Advisory Services Limited holds a valid SEBI registration as a Registered Investment Adviser.
The registration details from the SEBI intermediary database are as follows:
- Name: Equentis Wealth Advisory Services Limited
- Registration No.: INA000003874
- Contact Person: Rakesh Gupta
As of the date of this review, no official SEBI enforcement order or regulatory action is on record against Equentis Wealth Advisory Services Limited.
However, SEBI registration confirms that a firm has met minimum regulatory requirements to operate. It does not validate the quality of advice, the accuracy of stock recommendations, or the conduct of the sales team.
Is Equentis Wealth Advisory Services Safe?
Equentis Wealth Advisory Services Limited is a SEBI-registered Investment Adviser (INA000003874), authorised to operate under SEBI’s regulatory framework.
This means it is permitted to provide investment advisory services after meeting regulatory compliance requirements.
Under SEBI rules, no investment adviser can promise or imply guaranteed returns, regardless of registration.
- Verify SEBI registration independently on the official SEBI database.
- No guaranteed returns are allowed under SEBI regulations at any level.
- Investors are fully responsible for trades in a non-discretionary advisory model.
Investor experience ultimately depends on service quality, communication, and expectation setting during onboarding and execution.
These aspects are reflected in the user feedback section below.
Equentis Wealth Advisory Complaints
Multiple recent user reviews posted on Google reviews raise concerns about the gap between what was communicated during the sales process and what investors experienced after paying.
The reviews below come directly from the screenshots provided and reflect reported experiences of individual users.
1. Stock Recommendations Underperforming With No Accountability
A user named Prabakaran Venkatesh reported receiving five stock recommendations, all of which underperformed significantly over the months.
When escalated, the firm denied advisor responsibility and offered no resolution. Instead, they allegedly pushed another paid service with a special offer.
2. Alleged Promise of 40 to 50 Per cent Monthly Returns During Sales
No SEBI-registered RIA can legally promise fixed or guaranteed monthly returns to any client.
A user named Nayana Dawkhar claimed a representative promised 40-50% monthly returns during onboarding.
After purchasing 10 recommendations, all were reportedly in losses after six months. She described the claims as false and warned others against paying fees.
3. Sales Team Allegedly Disappeared After Payment Was Received
The contrast between pre-payment and post-payment communication is a recurring theme across multiple Equentis reviews.
A user named Kumar Adhikesavalu alleged aggressive sales behaviour before payment, followed by a complete lack of communication afterwards.
He highlighted a sharp contrast between promises made and actual service. He warned others about post-payment neglect.
4. ₹32,000 Paid for Mispriced Opportunity, Strike Rate Reported at 5 Per cent
Specific advisory products carry specific performance claims, and the gap between claim and outcome matters.
A user named Jithendra Nambiar reported paying ₹32,000 for the MPO product with an expected 80% success rate.
In reality, only one stock performed, resulting in a 5% strike rate. He questioned the reliability of such claims.
5. Portfolio Targets and Buying Ranges Revised Without Notification
Transparency in portfolio management is a foundational expectation from any subscription-based advisory.
A user named Interio Tech reported that buying ranges were revised downward after 30-40% price drops without any communication.
Target prices were also changed without explanation. This raised concerns about transparency in portfolio management.
How To Register a Complaint Against RIA?
If you’ve faced issues with an RIA service, following the correct escalation path is essential to protect your rights and recover losses.
Acting early with proper documentation strengthens your case and improves the chances of a fair resolution.
Step 1: Raise a Formal Written Complaint with the Firm
Start by submitting a detailed written complaint outlining what was promised versus what was delivered.
Include subscription details, timelines, and supporting evidence like receipts and communication records.
Avoid verbal discussions and maintain a clear written trail for accountability.
Step 2: File a Complaint in SCORES
If the response is unsatisfactory or delayed beyond 30 days, escalate the matter through SEBI SCORES.
Submit complete details along with all supporting documents to ensure proper review. This creates a formal, regulator-monitored complaint process.
Step 3: Lodge a Complaint with SMART ODR
If the issue remains unresolved, use SMART ODR for structured dispute resolution between you and the firm.
The platform provides mediation and arbitration mechanisms designed for securities-related disputes before moving to legal proceedings.
Step 4: Stock Market Arbitration
If the dispute is still not resolved through SCORES or ODR, arbitration can be initiated under the applicable exchange or regulatory framework.
This is a formal, evidence-based process where an independent arbitrator evaluates the case and delivers a binding resolution.
Need Help?
Dealing with an unresolved issue with Equentis or any other SEBI-registered investment adviser and unsure where to begin?
We can help you.
- Helping you organise your evidence and complaint documentation.
- Guiding you through the SEBI SCORES and SMARTODR filing process.
- Explaining your rights as an advisory client under SEBI’s Investment Adviser Regulations.
- Advising on escalation timelines and what to expect at each stage.
Register with us if you are facing issues with Equentis Wealth Advisory Services or any other investment adviser. We will help you take the right steps at the right time.
Conclusion
Equentis Wealth Advisory Services Limited is a SEBI-registered investment adviser with a valid RIA registration since 2015 and no recorded SEBI enforcement action at the time of this review.
However, multiple user reviews raise concerns around alleged return promises, gaps in service delivery, and a lack of transparency in portfolio updates.
SEBI regulations clearly prohibit guaranteed returns, and fiduciary duty applies to both sales communication and advisory services.
Investors should verify registration, rely only on written commitments, understand risks, and use formal escalation channels if issues arise.
