Someone reached out to you representing Fundtrack Research through a call, a WhatsApp message, or maybe a Telegram group.
Now you’re trying to figure out whether it’s a legitimate operation or something you should walk away from.
These outreach methods are commonly used by both genuine firms and questionable operators.
The fact that you’re checking before paying is the right move.
Here’s everything you need to know.
Is Fundtrack Research Legit?
A proper assessment requires looking beyond surface-level claims and examining how the entity actually operates.
When you do that for Fundtrack Research, several important gaps become visible that every prospective client should consider before committing any funds, especially if you’re still asking, Is Fundtrack Research genuine?
1. SEBI Registration Status and Regulatory Record
Fundtrack Research is SEBI registered as a Research Analyst under the name of Shubham Sewarik, operating as a sole proprietorship.
The registration is valid for five years and is currently active.
No regulatory orders, penalties, or show-cause notices have been recorded in SEBI’s public records so far.
Complaint data is not available yet, likely due to the recent registration. SEBI registration does not guarantee performance, returns, or service quality.
2. No Website, No Pricing, No Published Terms
Fundtrack Research has no publicly accessible website. There is no pricing page, no list of services, no refund policy, and no investor charter that you can read before engaging.
SEBI regulations actually require registered Research Analysts to publish an investor charter and a grievance redressal mechanism.
These are meant to be accessible to any prospective client, not just those who have already been through a sales call.
3. Zero Social Media Presence
There is no verified presence for Fundtrack Research on Instagram, YouTube, X, LinkedIn, Telegram, Facebook, or any other publicly accessible platform.
Not a post, not a follower count, not a single call that you can look up to check whether their recommendations have historically been accurate.
There is no visible track record of any kind. The entity is entirely invisible outside of whoever reached out to you directly, which makes questions like Is FundTrack research genuine, even more relevant.
4. A Reddit Thread Where Someone Asked: “Am I Getting Scammed?”
A user on the r/FinancialAnalyst subreddit posted a thread with that exact title.
One comment in the thread described someone from Fundtrack Research, approaching them with assurances of no losses and guaranteed returns. The comment was later deleted, reportedly for privacy reasons.
It is not a filed complaint or a regulatory finding.
But it is publicly visible, and the specific claim described in that comment: no losses, guaranteed returns, would be a direct violation of SEBI regulations if made by any registered Research Analyst.
Fundtrack Research Warning Signs For Investors
There is a meaningful difference between a new, low-footprint but legitimate Research Analyst, and someone using a SEBI registration as a front for prohibited activity.
The red flags listed above raise concerns about transparency.
The following are active violations, and if you’re still wondering if FundTrack research is genuine, these are the signals that matter most:
- Anyone from the entity made a verbal or written guarantee of returns, promised you would not lose money, or assured a specific profit percentage.
- You were asked to pay into a personal bank account or a UPI handle not registered to the entity.
- You were shown a WhatsApp group with screenshots of trades presented as a live, verified track record.
- You received pressure to pay quickly, or were told a slot is closing or an offer expires soon.
- You were asked to share your Demat account login, trading credentials, or any account access.
- Service terms, fees, or refund conditions were refused in writing and given only verbally.
If even one of these applies, the engagement has crossed from uncertain into problematic.
How to Verify Before You Pay?
Before paying anything to Fundtrack Research, do these four things, none of which take more than a few minutes:
- Verify the SEBI registration directly using INH000023658. Confirm the name is Shubham Sewarik, the address is Indore, and the registration is currently valid.
- Ask for all service terms in writing. The exact fee, what is delivered, how often, through which channel, the refund conditions, and the cancellation process. If this request is evaded or met with “trust me,” do not pay.
- Confirm the payment destination. The account receiving your money should be in the name of Fundtrack Research or Shubham Sewarik as the registered proprietor. Ask for a receipt that includes the entity name and SEBI registration number.
- Screenshot everything. Every WhatsApp message, every promise made, every claim about returns or accuracy. If something was said on a call, note the date and time.
This documentation is the foundation of any complaint if things go wrong.
What to Do If Issues Arise with Your RA?
If you have already paid and the service was not delivered, a commitment was not honoured, a refund was denied, or you were given promises that now appear to be prohibited, you still have options.
Because the entity is SEBI-registered, there is a formal complaint process available to you.
Step 1: Raise It Directly With the Entity
Write to the firm through the official contact channel.
State the issue clearly, what was promised, what was delivered, and what resolution you are asking for.
Keep this communication in writing. Save every response. You must attempt this internal resolution step before escalating to SEBI.
Step 2: File a Complaint in SCORES
If the internal attempt fails, file a complaint at the SEBI SCORES platform.
You will need your PAN, the registration number, and supporting documents, payment receipts, screenshots, and written commitments.
The firm is legally required to respond within the defined timeline. You can track the status of your SEBI complaint on the portal.
Step 3: Register a Complaint in SMART ODR
If SCORES does not resolve the matter, SEBI’s SMART ODR platform offers online mediation and conciliation with an independent neutral party.
It is structured, faster than arbitration, and designed to resolve financial disputes without lengthy legal proceedings.
Submit all prior complaint references and documentation when initiating this process.
Step 4: File an Arbitration in Stock Market
If all prior steps are exhausted without resolution, formal arbitration through a recognised exchange body provides a binding decision.
Both parties present their case before an independent arbitrator. It takes longer and requires more documentation, but the outcome is binding and enforceable.
Need Help?
If your interaction with any advisory firm has gone wrong, such as false guarantees, denied refunds, missing funds, or service disappearance, and you’re unsure where to start, here’s how we can help:
- Case Review: We assess your documents and tell you honestly if you have a valid regulatory grievance
- Complaint Drafting: We prepare a clear, structured complaint for SEBI SCORES with all key facts
- Filing & Follow-Up: We guide you through filing and help respond if replies are inadequate
- Escalation Support: We assist with SMART ODR and refer you for arbitration in higher-value cases
You don’t need deep knowledge of SEBI rules, just the right documentation and process.
Register with us and share your payment proof, chats, call logs, or any records, and we’ll map your next steps.
Conclusion
Fundtrack Research is a valid SEBI-registered Research Analyst (INH000023658) with no regulatory action so far.
However, it is a very new setup with no website, no social media, no published terms, a personal Gmail contact, and a residential address.
There is no independently verifiable track record, and client acquisition appears to rely entirely on direct outreach.
So if your core question is Is FundTrack research genuine, the answer is: registration is genuine, but trustworthiness requires deeper verification.
This isn’t proof of fraud, but it makes independent verification essential before paying.
