Quick Summary
Reviews of Money Classic Research date from 2017 to 2019 and come from individual users. They allege poor service after payment, extra payment demands, refund trouble and ignored complaints. These are opinions, not findings. SEBI’s orders, however, separately record 255 complaints, delayed replies and assured return claims. This page lines the two up, shows what is verified and what is not, and explains how to complain whether or not the adviser is registered.”
One star. Two lines of text. A warning to strangers.
Money Classic Research reviews from 2017 to 2019 are short and angry, so it is easy to dismiss them.
But a regulator’s file later covered some of the same ground.
Here we read every supplied review and comment, then set them beside what SEBI actually recorded. The gap between the two is the useful part.
Money Classic Research Indore Reviews
The research found a small set of public posts. They come from review pages, a blog comment section, and viewer comments under a television promo clip.
All were posted between 2017 and 2019.
We have left out usernames and paraphrased each post because the aim is to show themes and not to point at people.
Our main page on Money Classic Research covers the firm’s registration, services, and each SEBI order in full.
This page stays with the reviews.
Please read every post here as an allegation by an individual. So none of them is a regulatory finding or an adjudicated fact.
1. Reviews Alleging Poor Service After Payment
Two one-star reviews describe a similar experience. Both appear on review pages and were posted in February 2017 and June 2018.
The 2017 reviewer said that after paying the full subscription amount, the service was not delivered properly and extra money was demanded.
They also said an MCX service had not earned them a single rupee, described a loss instead, and asked for their money back.
The 2018 reviewer called it a very bad company and said money was taken with no satisfactory service.
They alleged that the firm insisted users pay cash into staff accounts and that their complaints were ignored.
That reviewer said they planned to complain to SEBI and the police. They also wrote that other complaints they had read online matched their own experience.
They also urged others not to get in touch with the company.
However, neither post says which plan was bought or how much was paid. So we cannot check the claims against any receipt.
2. Comments Alleging Refund And Complaint Problems
Two blog comments from October 2018 come from the same commenter, so they read as a connected story. They are, though, more detailed than the star reviews.
The first comment, dated 10 October 2018, alleged that money was taken against a promise of a service the firm did not have.
The commenter said that when a refund was asked for, an executive stopped answering calls.
It also named a staff member and alleged that this person described himself as a complaint head.
The screenshot does not confirm that person’s identity or role, so we do not repeat the name.
The second comment, dated 12 October 2018, repeated the allegations.
It said complaints were being diverted or closed through misleading explanations, and that executives were being trained to mislead customers.
The commenter also felt that nobody listened to affected customers, and alleged that the firm had told SEBI it had delivered a service it did not have.
Again, these are statements in a comment. They are not findings attributed to SEBI.
3. Posts Using Strong Words About The Proprietor
Meanwhile, three more posts use very strong language about the firm and its proprietor.
One is a one-star review from November 2019, and two are captures of a blog comment from April 2019.
The 2019 review described the firm and its proprietor in strongly negative terms and mentioned poor service.
The April 2019 comment made a direct accusation against the firm and its proprietor.
We are not repeating those words. They carry no detail about a plan, an amount or a date of payment, so they cannot be tested against any record.
They show how angry some users were. But they prove nothing about what actually happened.
4. Viewer Comments Under A Television Promo
The last set sits under a clip of a historical television promotion that named the firm. Three viewer comments are visible, and they are short.
One viewer used a strongly negative word for the proprietor. Another asked how anyone could find the correct address.
A third said they had lost 70,000 rupees. Also, the comments were posted roughly six to seven years before the screenshot.
The question about the address is interesting, because SEBI’s orders separately record that its letters were returned and the premises were found closed.
Still, a single comment cannot tell us why a viewer could not find the address.
How Reliable Are These Money Classic Research Reviews?
Reviews are a useful warning light. But they are not evidence in the way a regulatory order is.
The screenshots do not show who each reviewer is. They also do not show whether the writer was a client, what they paid or whether the company replied.
Besides, some posts are old, and some are duplicates of the same comment. None went through any verification.
So the fair reading is simple. The posts therefore show what some people said they experienced, and no more.
There is one more way to weigh them. Instead, we can ask whether the themes overlap with anything a regulator examined.
Do Money Classic Research Reviews Match SEBI’s Records?
Here is a side-by-side look.
The left column is what users alleged, and the right column is what SEBI’s orders record on the same theme.
| Theme | What Users Alleged | What SEBI’s Orders Record |
| Service after payment | Paid in full but the service was not delivered properly | SEBI examined complaints and penalised non redress of SCORES complaints |
| Complaints ignored | Complaints went unanswered or were closed with misleading explanations | 16 ATRs not filed, and 21 filed 30 to 1,030 days late |
| Refund trouble | Calls stopped after a refund was requested | Not specifically recorded in the material we reviewed |
| Extra payment demands | More money asked, including cash to staff accounts | Not recorded as a finding in the material we reviewed |
| Cannot find the firm | A viewer asked how to find the right address | Letters returned undelivered, and premises found closed |
| Big profit promises | Not a main theme in the reviews | A call recording and website statements promising high returns |
Notice what the table shows. On complaint handling and on being unreachable, the users’ themes overlap with SEBI’s recorded findings.
But on refunds and extra payment demands, we found no matching finding. However, that does not mean the allegations are false.
Instead, it only means SEBI’s orders, as summarised in our material, do not cover them.
This is also why the text above says overlap and not proof. After all, SEBI did not rule on each user’s individual claim.
How To File A Complaint Against Money Classic Research?
Where you complain depends on one thing: whether the adviser holds a valid SEBI registration.
So there are two routes, and the steps below cover both.
Money Classic’s registration was cancelled on 29 December 2023, so the second route is the one that applies to this firm.
Still, the first is worth knowing if another adviser ever lets you down.
Two steps come before either route, and both are quick.
Gather And Organise Your Proof
Collect your payment receipts, bank statement entries, plan name, SMS messages, WhatsApp chats, and any call recordings.
Then arrange them by date in one folder.
Next, write a one page timeline. Note when you paid, what you were promised, what you received, and when you asked for a refund.
Keep the originals untouched, and work only from copies. Screenshots of any return promises matter most.
Check The Adviser’s Registration Status
Look up the name and the registration number on SEBI’s register, and read the status, not only the number. Money Classic’s INA000001431 shows as cancelled.
If the status is active, follow the first route.
If it is cancelled or the firm is not on the register at all, follow the second.
If The Adviser Is Registered With SEBI
A registered adviser sits inside SEBI’s complaint system, so the full ladder is open to you.
1. Write To The Adviser First
Email the adviser with your payment reference, what went wrong, and the refund you want. Ask for a written reply, and note the date you sent it.
This email becomes your first piece of evidence. So send it before you go to the regulator.
2. File On SEBI SCORES
If the reply falls short, file on the SEBI SCORES portal and attach your timeline and proof. Describe facts, dates, and amounts, and avoid guesses.
SCORES passes the complaint to the adviser for a reply. So attach your earlier email to show you tried first.
3. Track The Complaint
Keep the complaint number safe, because it is how you follow the case. You can check the SEBI SCORES complaint status to see whether it is with the adviser, under review, or closed.
Save a screenshot of each update. They matter if the case moves further.
4. Use SMART ODR If The Complaint Stays Unresolved
If you are not satisfied with the reply, the SMART ODR complaint portal brings in a neutral conciliator to go through both sides’ papers.
There is usually a time limit to start, so check it early.
For the exact steps on advisers, our page on how to file complaint against RIA is the master guide.
If The Adviser Is Not Registered Or Registration Is Cancelled
Cancelled firms and unregistered entities sit outside the usual ladder.
So the report goes to SEBI by email instead.
1. Know What SEBI’s Order Required
SEBI’s cancellation order directed the firm to resolve pending SCORES complaints and then submit a Chartered Accountant-certified report.
It also froze holdings and restrained diversion of funds.
That is helpful context for your email. It shows SEBI already holds a record of this firm.
2. Email Your Complaint To SEBI
Write a short, factual email with a clear subject line, such as a complaint against Money Classic, INA000001431.
Name the firm and the proprietor, and cite the SEBI order dated 29 December 2023.
Then state what you paid, how and when, and what you were promised. Attach your proof as PDFs, and ask for an acknowledgement.
Our blog on how to file complaint in SEBI shows what to write and where to send it.
3. Keep The Sent Copy And Follow Up
Save the sent email and any reply. If you hear nothing, send a polite follow-up and quote your first email’s date.
Be realistic about outcomes. SEBI may not reply to each person, and a complaint does not guarantee a refund.
4. Know What The Other Routes May Not Cover
SCORES, SMART ODR, and exchange arbitration are built for registered intermediaries. So they may not accept a fresh case against a cancelled registration.
If you filed on SCORES before, that older complaint may still carry an update.
Check its status with your old complaint number.
Paid this firm and unsure which route fits your case?
Our team reads your payment proof and SEBI’s orders, helps you prepare a written complaint, and tells you which route fits your case.
Register with us for a free consultation
5. Consider Legal Advice If You Lost A Large Amount
If you believe you were cheated, you may also seek legal advice about a police complaint. We make no allegation, but a lawyer can tell you what suits your facts.
Be careful with anyone offering to recover your money for a fee.
Check who they are on SEBI’s register before you share papers or pay anything.
Conclusion
Money Classic Research reviews from 2017 to 2019 are individual opinions. They allege poor service, refund trouble, and ignored complaints, and none of them has been verified.
But SEBI’s orders separately record 255 complaints, late or missing replies, closed premises, and assured return claims.
But on complaint handling and on being unreachable, the themes overlap.
Reviews can raise questions. Only records can answer them.
If you were a client, keep every proof.
A cancelled registration means you email SEBI, while a registered adviser means you write to it first and then use SCORES. Report, document, and escalate calmly.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
We cannot verify them. They are individual posts from 2017 to 2019, and the screenshots do not confirm who wrote them, what they paid or whether the firm replied.
Not individually. SEBI recorded 255 complaints and failures to reply to many of them, but it did not rule on each reviewer's claim.
No. SEBI cancelled registration INA000001431 on 29 December 2023, and the website was inactive when SEBI examined it.
Money Classic’s registration was cancelled on 29 December 2023, so email SEBI with your proof and the order details. For a registered adviser, write to it first, then file on SCORES and try SMART ODR. Keep every proof and reply.
No. They are opinions and allegations. SEBI's orders are regulatory findings, and they are not criminal judgments, so neither source proves criminal wrongdoing on its own.
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