Quick Summary
MarketPulse Research Services offers stock market research alerts across Equity, Options, and Commodity segments, plus a Combo plan, all under SEBI Research Analyst registration INH000015792. Every individual plan is sold on a short duration, 7, 15, 30, or 90 days, and once annualised, every single one breaches SEBI’s Rs 1,51,000 annual fee cap, in some cases by close to four times. The site also carries a strict no-refund clause with an undefined discretionary exception, and its published complaint data starts more than a year after the registration itself began. This page covers the pricing, the fee cap math, and both of these disclosure gaps.
Not one individual pricing plan on MarketPulse Research’s website is sold on a full year basis.
Every plan runs 7, 15, 30, or 90 days. That structure alone is worth pausing on before you look at a single price.
Short duration plans feel lower commitment to a new client. Once you annualise what they actually cost, a different picture appears, one that sits well above what SEBI permits for an individual client.
This page walks through the full pricing, the fee cap math behind it, and two further disclosure gaps worth checking before you subscribe.
What Does MarketPulse Research Offer?
MarketPulse Research Services offer stock market research alerts across three segments: Equity, Options, and Commodity, along with a Combo plan covering all three together.
Every package includes entry, target, and stop-loss levels on each alert, which is a baseline disclosure SEBI expects from any registered Research Analyst rather than a special feature unique to this firm.
The site also claims live market hour support, and carries repeated anti-fraud warnings across nearly every page, asking users to verify payments and communication directly before paying.
The service operates under SEBI Research Analyst registration INH000015792, held by Karan Narendra Dixit.
For the full registration verification, a contact detail mismatch worth knowing about, and a discrepancy between the site’s “team” language and who is actually registered, the Karan Narendra Dixit page on this site covers all of that.
Does MarketPulse Research’s Pricing Exceed SEBI’s Fee Cap?
This is the central finding on this page, and the tables below show exactly why.
Equity Research Plans
| Plan | Listed Price | Offer Price | Validity |
|---|---|---|---|
| Silver | Rs 26,999 | Rs 19,999 | 7 Days |
| Gold | Rs 46,999 | Rs 34,999 | 30 Days |
| Platinum | Rs 94,999 | Rs 69,999 | 90 Days |
Options and Commodity Research Plans
| Plan | Listed Price | Offer Price | Validity |
|---|---|---|---|
| Silver | Rs 39,999 | Rs 29,999 | 15 Days |
| Gold | Rs 66,999 | Rs 49,999 | 30 Days |
| Platinum | Rs 1,34,999 | Rs 99,999 | 90 Days |
Combo Research Plans
| Plan | Listed Price | Offer Price | Validity |
|---|---|---|---|
| Silver | Rs 59,999 | Rs 49,999 | 15 Days |
| Gold | Rs 99,999 | Rs 79,999 | 30 Days |
| Platinum | Rs 1,79,000 | Rs 1,49,000 | 90 Days |
None of these individual client packages are sold on a full year basis. Once annualised, every single one breaches SEBI’s Rs 1,51,000 per year fee cap.
Combo Platinum alone costs Rs 1,49,000 for 90 days. Renewed across a year, this comes to roughly Rs 5.9 lakh, nearly four times the cap. The smaller Silver plans show the same pattern even more sharply once annualised, since a seven or fifteen-day package priced near Rs 20,000 to Rs 50,000 works out to several lakhs a year if a client kept renewing it.
The fee cap applies specifically to individual and HUF clients, and the site does not state which client category these packages are actually meant for. Without that clarity, a retail individual signing up has no way to know whether the pricing in front of them is even the correct category for their situation.
MarketPulse also offers Corporate HNI Solutions, labelled explicitly as B2B only, requiring a minimum trading capital of Rs 10 lakh, with packages starting from Rs 2.5 lakh per month. This tier is correctly scoped outside SEBI’s individual fee cap, since it targets non-individual clients rather than retail investors.
What Do the Terms and Conditions Say About Refunds?
MarketPulse Research’s Terms and Conditions carry a strict no-refund clause. Payment cannot be reimbursed once made, and all orders are treated as final.
The same clause states that refunds may be granted at the company’s sole discretion, but no process, timeline, or condition is defined for when that discretion would actually apply.
A no-refund policy is not unusual for a research subscription on its own. What is worth noting here is the combination: an absolute no-refund rule paired with an undefined exception that offers no client any way to know in advance what would qualify, or how to request it.
What Does MarketPulse Research’s Complaint Data Show?
The Complaint Data page on MarketPulse’s website only shows data starting August 2025, even though the registration itself became valid in April 2024.
That leaves a gap of well over a year, from April 2024 to August 2025, with no complaint data published at all.
The annual complaint trend table that does exist covers only one financial year, 2025 to 2026, with two complaints recorded in total, both marked resolved.
SEBI requires every Research Analyst to publish complaint data covering the full period since registration, not just a recent window.
A registration active since April 2024 with published data starting only in August 2025 is a gap that sits against SEBI’s disclosure guidelines, regardless of how clean the two complaints that are shown actually look.
How Do You File a Complaint Against MarketPulse Research?
If your own experience with MarketPulse Research does not match what was promised, or if you were sold a short duration plan without realising the annualised cost exceeds SEBI’s fee cap, a defined escalation path is available.
Save your payment receipt for the specific plan and validity period you subscribed to, along with any messages describing what was promised.
Write to the firm directly first, using the contact details on SEBI’s own record for Karan Narendra Dixit rather than assuming the website’s published contact is the correct regulatory channel, and allow time for a written response.
If the response is unsatisfactory, file a SEBI SCORES complaint using registration number INH000015792, attaching your payment proof and the pricing evidence above if your complaint relates to the fee cap.
But if SCORES does not resolve the matter, SMART ODR offers structured online mediation as the next stage.
If your issue involves a different Research Analyst entirely, the complaint against SEBI registered research analyst page on this site covers that broader process.
Signed up for a short-duration MarketPulse plan and worried about the annualised cost?
We check your billing against SEBI’s fee cap, confirm whether it qualifies as a valid complaint, and prepare your SCORES filing from start to finish. Register with us for a free consultation.
Conclusion
MarketPulse Research operates under a genuine SEBI Research Analyst registration, and its plans come with the standard entry, target, and stop-loss disclosures SEBI expects.
Alongside that, every individual pricing plan breaches SEBI’s annual fee cap once annualised, the refund policy pairs an absolute no-refund rule with an undefined discretionary exception, and the published complaint data skips over a year of the registration’s active period. None of this proves wrongdoing on its own, but each is an independently checkable fact worth confirming before you pay.
Read the pricing table against SEBI’s cap for whichever plan you are considering, check the refund terms in writing, and ask directly why the complaint disclosure does not cover the full registration period.
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Frequently Asked Questions
Yes. Every individual client plan is sold on a short duration and breaches SEBI's Rs 1,51,000 annual fee cap once annualised. The Combo Platinum plan alone works out to roughly Rs 5.9 lakh a year if renewed.
The Terms and Conditions state payments are non-refundable and all orders final, though refunds may be granted at the company's sole discretion. No process or condition for that discretion is defined.
The registration became valid in April 2024, but the published complaint data only covers August 2025 onward, leaving a gap of over a year with no data published, which is against SEBI's disclosure guidelines.
No. These are explicitly labelled B2B only, requiring a minimum trading capital of Rs 10 lakh, which correctly places them outside SEBI's individual and HUF fee cap.
Karan Narendra Dixit holds the SEBI Research Analyst registration, INH000015792, under his individual name. The Karan Narendra Dixit page on this site covers his registration details and a contact information discrepancy worth checking.
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