Quick Summary
PowerUp Money Wealth Management Private Limited runs the Power Mutual Funds app and holds SEBI investment adviser registration INA000019798. Its monthly table adds up to 22 complaints received and 22 resolved since June 2025, while its own total row says 21. The listing shows validity from 25 March 2026, yet complaints begin in June 2025. The website shows no price for PowerUp Elite. We found no SEBI order against the firm as of 16 October 2026, which is not a clean certificate.
You may have seen the Power Mutual Funds app advertised as a way to review and rebalance your mutual fund portfolio. A free review is easy to try, and a paid membership is a bigger decision.
This blog looks at PowerUp Money Wealth Management through its own disclosures and public app reviews.
We cover the registration, the complaint tables, the missing price, and what users have said, then turn the gaps into questions you can put to the firm in writing.
What Is PowerUp Money Wealth Management and What Does It Offer?
PowerUp Money Wealth Management Private Limited operates the Power Mutual Funds advisory app.
The app helps investors select, review, and rebalance mutual fund portfolios, and it tracks them against market benchmarks.
The website says it provides monthly reports, fund performance reviews, and historical performance trends.
It also claims its research draws on more than 20 years of data.
The Free Service
The free tier offers a mutual fund portfolio review, with guidance on continuing a fund or exiting one that lags.
For many people, that is the first contact with the app.
A free review is still a sales doorway to the paid plan.
Ask what happens to the details you share, and whether you will be contacted about the paid membership.
PowerUp Elite
PowerUp Elite is the paid membership. It offers fund selection through a tool called Power Rank, performance monitoring through Rank Trends, and quarterly tax-efficient rebalancing through Power Rebalancing.
The firm positions it as an alternative to traditional wealth management with high fees linked to assets.
The website content we reviewed does not state the price of Elite or what it charges.
The Team
The website mentions a team with experience in mutual fund analytics, product development, engineering, and marketing.
It names a principal officer, Ankit Choudhary, and a compliance officer, Mridul Mimansa.
Those names are given for regulatory contact.
The website does not describe the qualifications of the people who make the fund recommendations.
Social Media
The site links to YouTube, Instagram, and LinkedIn pages.
Treat videos there as marketing and not as personal advice, since advice in your case needs your risk profile and a signed agreement.
Also Read: Upasana Mondal Investment Adviser charges ₹22,000 for a financial plan, but has no terms, privacy policy, and earlier complaint records.
Is PowerUp Money Wealth Management Private Limited SEBI Registered?
The research shows the company is listed as a SEBI-registered investment adviser.
Each point below is what the disclosure shows, and you should confirm it yourself before relying on this page.
- Registration number is INA000019798. The INA prefix marks an investment adviser, unlike INH for a research analyst or INP for a portfolio manager.
- Validity is listed from 25 March 2026 and is perpetual. That makes the listed date about seven months old as of October 2026.
- BSE membership is stated as an Investment Adviser membership number 2465. The website also says the company was formerly Uniorbit Wealth Management Pvt Ltd.
- Address is Indiqube Sigma, 3rd Floor, Koramangala, Bengaluru 560034. The contact person on the listing is Mridul Mimansa, with a compliance email on the powerup.money domain.
The same number appears against both telephone and fax. Confirm a working phone number with the firm.
You can verify this in a few minutes.
Verify SEBI registered investment adviser tells you how to enter INA000019798, compare the name and category, and see the validity date for yourself.
A SEBI registration check online on the regulator’s own pages does the same job.
Make sure the name on your payment page matches the registered name.
A registration shows that a firm may give investment advice. It does not describe the quality of advice or the price.
PowerUp Money Wealth Management Complaints: What Do the Records Reveal?
The firm publishes three tables: a September 2026 summary, a month-by-month trend, and an annual trend.
We read each and added the totals ourselves.
The September 2026 summary is first.
| Source | Pending at end of last month | Received | Resolved | Total pending |
| Directly from investors | 0 | 1 | 0 | 0 |
| SEBI SCORES | 0 | 3 | 3 | 0 |
| Other sources | 0 | 0 | 0 | 0 |
| Grand total | 0 | 3 | 3 | 0 |
Where The September Table Does Not Add Up
The rows show one complaint received directly and three through SCORES, which makes four.
The grand total says three received and three resolved.
The direct complaint also shows received 1, resolved 0, and pending 0 in the same row, which cannot all be right at once.
The tables do not explain the difference, so it is a fair question to put to the firm.
The summary adds that no complaints arrived in September because of impersonation by another entity.
The Monthly Trend, Grouped
The firm lists eighteen months from April 2025 to September 2026.
Here they are grouped, with our own sums.
| Period | Received | Resolved | Pending |
| April and May 2025 | 0 | 0 | 0 |
| June 2025 | 2 | 0 | 2 |
| July 2025 | 0 | 2 | 0 |
| August and September 2025 | 0 | 0 | 0 |
| October 2025 | 4 | 4 | 0 |
| November 2025 to February 2026 | 4 | 4 | 0 |
| March 2026 | 2 | 2 | 0 |
| April 2026 | 2 | 0 | 2 |
| May 2026 | 1 | 3 | 0 |
| June to August 2026 | 4 | 4 | 0 |
| September 2026 | 3 | 3 | 0 |
| Our total | 22 | 22 | 0 |
One Complaint Short In The Firm’s Total
Our addition gives 22 received and 22 resolved.
The grand total row in the firm’s table says 21 for both.
The difference is a single complaint. It may be a typing slip, yet it is the sort of detail that should be corrected on a regulatory page.
The Annual Table
The annual trend shows one row, FY 2025-26, with 12 received, 12 resolved, and none pending.
Adding April 2025 to March 2026 from the monthly table also gives 12, so those two agree.
The research doc suggested a gap between the two tables. On our reading, there is none for that year.
What is missing is a row for FY 2026-27.
The monthly figures for April to September 2026 add to 10 received, and an annual line for the current year would make that visible.
Complaints Begin Before The Listed Validity
The trend starts in June 2025, while the listing shows validity from 25 March 2026.
The website says the company was formerly Uniorbit Wealth Management Pvt Ltd.
A name change could explain how earlier complaints sit under the same entity, but we could not confirm that.
Check the registration history on SEBI’s listing, and ask the firm which registration covered the earlier period.
What The Pattern Suggests
Complaints appear in most months, and several months show two, three, or four.
A zero pending figure means all reported complaints were closed.
It does not tell you whether the people who complained were satisfied.
The tables give no categories.
Ask what the common subjects were, such as billing, app access, or advice, and how long each type took to close.
If you ever need to raise a case, the guide on a SEBI complaint against investment advisor shows how such cases usually run, and it helps to know that before you pay for a membership.
A search of SEBI’s public records found no SEBI order against the firm as of 16 October 2026.
That is not a clean certificate, because orders can be published later and our search was limited.
Also Read: MoneyWorks4Me logged just 2 complaints through FY 2024–25, but its complaint history skips later years with users reporting persistent sales calls.
What Users Say About PowerUp Money Wealth Management
Reviews give a view that the firm’s tables cannot.
The ones below were posted on Google and in the app, and they are individual opinions that we have not verified. The firm may dispute them.
Seven reviews were reviewed for this blog. We paraphrased them, and we have not named the reviewers.
1. Paid Plan Against The Free Plan
One reviewer felt the paid plan added little to the free one, and found the tracking less useful than they expected.
Others, however, described the app’s features as good.
Ask for a written list of what Elite gives that the free review does not. A clear list helps you judge value.
2. Support And Communication
Several reviewers said support was handled mainly through WhatsApp, with no phone line, and that replies felt slow or automated.
One said they had to watch videos to learn about the service.
If you subscribe, ask what support channels apply and how quickly the firm commits to reply.
3. Payment And Onboarding
One reviewer wrote that their payment was deducted, but they could not finish the e-sign step for several days.
Another said they did not get a feature that was shown as coming soon for Elite members.
SEBI expects the agreement to be signed before fees are charged.
If your payment is taken before the agreement is complete, keep a record and ask for the order of events in writing.
4. App Performance And Rebalancing
Some reviewers found the app slow.
One said that after switching a SIP the portfolio did not refresh, and wondered whether rebalancing was working as expected.
A reviewer who followed a rebalance suggestion said the new fund did worse than the one they had exited over a short period.
Short periods are noisy, so one comparison cannot judge the method, though it shows why you should ask how performance of suggestions is tracked.
5. Trust In Ratings
One reviewer said that several five-star reviews looked copied across unrelated apps, and chose not to proceed.
We have not verified this, and the firm may have a different view.
Read reviews on more than one platform and check their dates. A mix of opinions is more useful than a single score.
Paid for a membership and the service is not working as promised?
Our team reviews your payment proof and the app terms, drafts a written grievance to the adviser, and takes it to the right SEBI channel if the reply falls short. Register with us for a free consultation.
PowerUp Money Wealth Management Fees: Is Elite Pricing Disclosed?
The website content we reviewed does not state the price of PowerUp Elite or the charges that apply.
A visitor cannot compare the cost before signing up.
SEBI allows fees in a fixed fee mode and in an assets under advice mode, each with its own limit.
In the fixed fee mode, the cap is ₹1,51,000 per client per family per year.
A Worked Example
Suppose a quote arrives as ₹1,78,180.
That equals the ₹1,51,000 cap plus 18 percent GST, so it would not by itself cross the cap, though the GST treatment should be confirmed in writing.
This is only a worked example and not the firm’s price.
It shows why the base fee and GST should appear on separate lines.
What To Ask Before You Pay
Take these four steps first, since each costs nothing.
- Ask for the Elite fee in rupees and the period it covers.
- Ask for GST as a separate line.
- Ask what happens to the fee if you stop midway or do not renew.
- Ask for the payment account name and match it to the registered name.
PowerUp Money Wealth Management Claims and Regulatory Scope
The website uses lines such as managing your portfolio like the top 1 percent.
It also shows a graph where a portfolio outpaces the Nifty 50 and promotes top-rated funds.
Promotional graphs are illustrations and not records of what any client earned.
Ask for the method, the period, and the assumptions behind any such chart.
Advice, Execution And Portfolio Features
The site and the Instagram bio promote selection, tracking, and rebalancing.
It does not clearly say what regulatory capacity applies to each feature, and it shows no separate registration for portfolio management.
As an adviser, the firm recommends, and you decide whether to act.
Ask who places the trades in your mutual fund account and who holds your login.
What The Website Emphasises
The website focuses on the app and its features more than on the advisory terms, scope and fees.
Ask for the MITC and the advisory agreement before you pay, and read them closely.
Also Read: Valuefy Solutions FinZipp recorded 31 complaints in eight months, with its advisory fees remaining undisclosed.
What Questions to Ask PowerUp Money Wealth Management Before Paying
The gaps above can be turned into a short list.
Send these by email so you have a written reply, and wait for the answers before any money moves.
1. What does Elite cost, with GST?
Ask for the fee, the GST, and the renewal and refund terms in writing.
2. Which registration covers the earlier period?
Ask how the complaints since June 2025 relate to the registration validity of 25 March 2026.
3. Why do the September figures differ?
Ask why four complaints in the rows add to three in the total, and why the grand total shows 21 when the months add to 22.
4. What happens when something goes wrong?
Ask for the support channels, the reply time, and the escalation steps in the agreement.
5. How are disputes settled?
Ask whether the agreement sends disputes to arbitration. Reading about arbitration in share market cases first helps you judge what such a clause would mean for you.
How to File a Complaint Against PowerUp Money Wealth Management?
The listing shows a compliance email on the firm’s domain and a named contact person.
The website names a principal officer and a compliance officer.
Start with the firm by email so you have a written trail.
State your name, payment reference, the issue, and the outcome you want in a reasonable time.
If the firm does not reply or you disagree with the answer, the regulator’s online system is the usual next step.
The page on the SCORES SEBI complaint route covers what to attach and how a case moves after you file.
Keep every reply you receive on that system. They matter if the case has to go further.
For a payment disagreement that stays open, there is another route.
The SMART ODR portal brings in a neutral conciliator to go through your papers with you, so keep receipts and replies together.
Also, check that any message about your account came from the firm’s official channels.
The firm’s own table mentions impersonation by another entity, so confirm contact details before you share documents or make payments.
Disclaimer
This blog is based on the firm’s published disclosures, app reviews, and publicly available SEBI records as of 16 October 2026. It does not allege wrongdoing, and the firm is welcome to share its side. We could not independently confirm the firm’s registration history, the reasons for the differences between its tables, its fee levels, the accuracy of any review, or the content of any agreement beyond what the research showed.
Conclusion
PowerUp Money Wealth Management holds a SEBI investment adviser registration, and every complaint it reports is shown as resolved.
The harder part is that its tables do not fully agree, its price is not shown, and the listed validity date comes after the first complaints.
Before you pay for Elite, ask for the fee with GST, the agreement and MITC, and a clear answer on the registration history.
Keep every reply in writing.
Check the registration yourself and match the payment account to the registered name.
If the firm answers openly and quickly, you have a better basis to decide.
If a dispute arises later, write to the firm first and then use the escalation routes in order.
Keep your receipts, emails, and screenshots in one folder.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
The research shows it as an investment adviser under INA000019798 with validity from 25 March 2026, and the website says it was formerly Uniorbit Wealth Management. Confirm the details on SEBI's website before you pay.
The monthly table adds up to 22 complaints received and 22 resolved from June 2025 to September 2026, while the firm's total row says 21. None are pending.
The website content we reviewed does not state the price. Ask for the fee in rupees, GST shown separately, and the renewal and refund terms in writing before you pay.
The website describes the portfolio review as free. Ask what details you must share, how they are used, and whether you will be contacted about the paid plan.
Write to the firm by email first and keep the reply. If it falls short, a complaint can go through SEBI's online system or the dispute resolution portal, and our guides cover those routes.
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