Quick Summary
Insight Research holds SEBI Research Analyst registration INH000011343 under principal officer Saweety Saharan, operating from Vijay Nagar, Indore. The firm delivers all recommendations exclusively via SMS. The Money Club plan costs Rs. 1,51,000 for three months, which equals SEBI’s entire annual fee cap in a single quarter. Twenty-two SEBI SCORES complaints were filed in two years, all resolved. A documented conciliation case resulted in a Rs. 50,000 refund for an investor. Four Google reviews describe demo trap losses, scalping advice gone wrong, capital erosion, and non-responsive support.
Insight Research received 22 complaints through SEBI SCORES in two financial years: 17 in FY 2023-24 and 5 in FY 2024-25.
All 22 are marked resolved. But behind those numbers is a documented case where an investor paid Rs. 56,000 in fees, lost Rs. 2,30,000 in trades, and recovered Rs. 50,000 through SEBI’s dispute resolution platform.
This page covers the registration facts, the full pricing table, the complaint data, five specific concerns worth examining before you subscribe, and the contact details you need if something has already gone wrong.
Insight Research Registration and Who Runs It
Insight Research holds SEBI Research Analyst registration INH000011343. The principal officer is Saweety Saharan. The firm operates from Vijay Nagar, Indore, Madhya Pradesh.
All recommendations are delivered exclusively through SMS. There are no detailed research reports, no video explanations, and no live market commentary accompanying the calls. You receive a text message and act on it.
That delivery model matters when you evaluate what you are actually paying for, which leads directly to the pricing.
And if you want to know more about that model and what SEBI allows for it, read our detailed blog: Is Insight Research SEBI Registered.
Full Pricing Table: What Each Plan Actually Costs
All prices below are exclusive of GST. Add 18% to each figure for the actual amount you will pay.
|
Service |
7 Days |
1 Month |
3 Months |
|---|---|---|---|
|
Smart Cash |
Rs. 4,000 |
Rs. 15,000 |
Rs. 35,000 |
|
Future Rise |
Not offered |
Rs. 22,000 |
Rs. 37,500 |
|
Option Infinity |
Not offered |
Rs. 15,000 |
Rs. 37,500 |
|
Index Master |
Rs. 7,000 (15 days) |
Rs. 11,000 |
Rs. 21,000 |
|
Money Club |
Not offered |
Not offered |
Rs. 1,51,000 |
The Money Club plan at Rs. 1,51,000 for three months is the number that demands attention.
SEBI caps the total fees a single client can pay to one registered Research Analyst at Rs. 1,51,000 per financial year across all plans combined. The Money Club plan charges this entire annual cap in a single quarter.
If you subscribe to Money Club and any other plan in the same financial year, the combined total will exceed the regulatory ceiling.
The pricing pages do not mention this cap anywhere visible to a prospective subscriber.
Insight Research Complaint Data: What SEBI Disclosures Show
|
Financial Year |
Complaints Received |
Resolved |
Pending |
|---|---|---|---|
|
2023-24 |
17 |
17 |
0 |
|
2024-25 |
5 |
5 |
0 |
|
Total |
22 |
22 |
0 |
The resolution record is clean on paper. But 22 SEBI SCORES complaints filed by investors who felt strongly enough to go through a formal regulatory process is a number worth understanding in context.
The 17 complaints in FY 2023-24 are a significant concentration for a firm operating from a single Indore office delivering SMS-based calls.
The drop to 5 in FY 2024-25 shows improvement, but the baseline is still worth examining before subscribing.
Also Read: Wealth Consultant, another SEBI-registered analyst worth knowing about.
Five Concerns Every Investor Should Know Before Subscribing
These are not allegations. Each point is based on publicly available information from the firm’s own website and SEBI disclosure data. Read each one and consider whether it applies to your situation.
There are two types of investors reading this. The first is someone evaluating the service before paying. The second is someone who already subscribed and wants to understand whether what happened to them was normal or wrong.
Concern 1: SMS-only Delivery for Premium Prices
The gap between what is charged and what is delivered deserves honest attention. Smart Cash costs Rs. 4,000 for 7 days. Option Infinity costs Rs. 15,000 per month. Money Club costs Rs. 1,51,000 for a quarter. All three deliver the same format: an SMS with a buy or sell call.
There is no explanation of the underlying research, no stop-loss rationale, and no real-time support during volatile markets.
A call without context is difficult to act on correctly, and difficult to evaluate if it goes wrong.
Concern 2: Money Club Pricing at SEBI’s Annual Fee Cap
As noted above, the Money Club quarterly plan costs Rs. 1,51,000. This is equal to SEBI’s entire annual fee cap from one registered RA.
Subscribing to this plan and any other Insight Research plan in the same financial year would breach the regulatory ceiling. The site does not disclose this.
Concern 3: No Functional Social Media Presence
Social media icons appear on the website. Clicking them leads nowhere. The only visible communication channel is a private WhatsApp number.
For a firm charging up to Rs. 1,51,000 for a single plan, the absence of any verifiable public presence beyond the website itself makes independent verification difficult.
Concern 4: Negative Public Review Visible on MouthShut
The only independently visible public review on an external platform is negative. The reviewer used the word fraudulent to describe their experience.
One review does not define a firm. But when nothing positive balances it, it is a signal worth noting.
Concern 5: 22 SEBI SCORES Complaints in Two Years
As discussed in the complaint data section above. The complaints exist and are resolved.
But the pattern, especially the 17 in a single year, tells you that multiple investors felt their concerns were not being resolved internally and needed regulatory intervention.
Also Read: Streetgains Review: Pricing, Complaints & SEBI Status
The Documented Insight Research Recovery Case
A formal conciliation case involving Insight Research has been resolved through SEBI’s Online Dispute Resolution platform. The case is Yogesh Gupta versus Insight Research.
The investor paid Rs. 56,000 in subscription fees. Following the recommendations, he sustained trading losses of approximately Rs. 2,30,000.
He alleged that initial demo trades showing small profits were used to build trust before real money was involved. Recommendations came through WhatsApp without proper stop-loss guidance. The communication style crossed from research into specific trade execution instructions.
Through the conciliation process, with representation through this firm, the matter was resolved on March 13, 2025. Insight Research agreed to refund Rs. 50,000, paid in two instalments via UPI on March 3 and March 7, 2025.
What To Do If You Need to File a Complaint?
Knowing the red flags is one thing. Acting on them the right way is another.
A refund like Yogesh’s didn’t happen by accident; it followed a specific process.
The full step-by-step complaint process from your first formal email to Insight Research through SEBI SCORES, SMART ODR, and arbitration is covered on the complaint against Insight Research page on this site.
Not sure whether your situation with Insight Research qualifies as a formal complaint?
We review your documents, identify which SEBI violations apply to your situation, and build the strongest possible case. Register with us for a free consultation.
Conclusion
Insight Research holds a genuine SEBI registration. Saweety Saharan is the named principal officer. The firm has resolved all 22 complaints filed against it through SEBI SCORES.
The Money Club plan charges SEBI’s entire annual fee cap in a single quarter. All services are delivered via SMS with no accompanying research context. One documented conciliation case ended with a Rs. 50,000 refund.
These are the facts visible before any subscription is paid. How you weigh them is your decision.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
Yes. The Money Club quarterly plan costs Rs. 1,51,000, which equals SEBI's entire annual fee cap from one registered Research Analyst. Any additional Insight Research subscription in the same financial year would push the combined total above the regulatory ceiling. The website does not disclose this limit.
Twenty-two complaints were filed through SEBI SCORES across two financial years, 17 in FY 2023-24 and 5 in FY 2024-25. All 22 are marked resolved.
Yes. In a documented conciliation case, Yogesh Gupta recovered Rs. 50,000 through SEBI's Online Dispute Resolution platform in March 2025 after subscribing for Rs. 56,000 and suffering trading losses of approximately Rs. 2,30,000.
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