Quick Summary
Rahul Bhagat operates Momentum Edge, a SEBI registered Research Analyst carrying INH000025948, active since April 2026. All three subscription tiers, Gold, Diamond and Platinum, are displayed with a struck-through original price above a lower current one, with discounts ranging from 25 to 48 percent depending on the plan and duration. Every price, discounted or original, stays comfortably under the SEBI fee ceiling. The firm’s complaint tables show a single SCORES complaint that reconciles cleanly within the monthly trend but does not quite match the separate current-month summary, which states one complaint was pending entering July when the monthly table’s own closing figure for June shows none.
Rahul Bhagat operates Momentum Edge, a SEBI-registered Research Analyst carrying registration INH000025948, active since 10 April 2026.
The registration is genuine and confirmed on SEBI’s own published Research Analyst list.
This page works through that registration, the pricing structure and its consistent discount pattern, a small but real mismatch inside the firm’s own complaint tables, and the promotional claims worth reading carefully on the firm’s Telegram channel.
Rahul Bhagat Review
Momentum Edge is built around identifying early momentum and breakout opportunities, using what the site describes as a top-down approach covering market trends, sector strength, stock selection and trade execution.
The firm provides equity swing and momentum recommendations alongside F&O recommendations, each carrying defined entry, exit, and stop-loss levels, delivered across three tiers: Momentum Gold, Momentum Diamond and Momentum Platinum, with Diamond positioned as a combination of the other two.
One point genuinely worth crediting sits in the firm’s own material. The site carries a standing warning about fake WhatsApp groups, Telegram channels, social media profiles, calls and websites impersonating Momentum Edge, and directs investors to verify communications only through its official channels.
That is a more proactive stance on impersonation risk than several other firms reviewed on this site take, and it is worth stating plainly as a point in the firm’s favour.
None of this establishes wrongdoing, and nothing further on this page does either.
Where a registered analyst’s conduct does cross a line, the formal escalation route is covered in full further down this page.
Is Rahul Bhagat SEBI Registered?
Yes, and INH000025948 is confirmed independently on SEBI’s own published Research Analyst list.
| Detail | Information |
| Name | Rahul Bhagat |
| Business Name | Momentum Edge |
| SEBI Registration Number | INH000025948 |
| Validity | 10 April 2026, Perpetual |
| Address | C/o Jharna Chopdar, New Grant Estate, Lal Pokhra, Dumka, Dhanbad, Jharkhand 814101 |
| Correspondence Address | Same as registered address |
| Contact Person | Rahul Bhagat |
What the INH Prefix Permits
The INH prefix marks a Research Analyst. It permits publishing research and issuing recommendations to a subscriber base.
It does not permit personalised advice built around an individual client’s income, goals or holdings, trade execution, or portfolio management.
Momentum Edge Pricing and the ₹1,51,000 SEBI Fee Cap
The good news first: nothing on this pricing page comes close to the SEBI fee ceiling. The more interesting part is how the pricing is displayed.
A Research Analyst may charge a maximum of ₹1,51,000 per annum per family for individual and HUF clients who are not accredited investors.
The Published Price List
| Plan | Monthly | 3 Months | 6 Months | Yearly |
|---|---|---|---|---|
| Momentum Gold | ₹1,599 | ₹3,999 | ₹6,999 | ₹12,999 |
| Momentum Diamond | ₹2,999 | ₹6,600 | ₹13,200 | ₹20,000 |
| Momentum Platinum | ₹1,999 | ₹4,500 | ₹9,000 | ₹15,000 |
Every Plan Is Displayed Against a Higher Struck-Through Price
Alongside the prices above, the site displays an original price for every plan, every duration, crossed out to suggest a discount.
| Plan | Duration | Current Price | Original Price | Discount |
|---|---|---|---|---|
| Gold | Monthly | ₹1,599 | ₹2,499 | 36% |
| Gold | 3 Months | ₹3,999 | ₹7,000 | 43% |
| Gold | 6 Months | ₹6,999 | ₹12,999 | 46% |
| Gold | Yearly | ₹12,999 | ₹24,999 | 48% |
| Diamond | Monthly | ₹2,999 | ₹4,999 | 40% |
| Diamond | 3 Months | ₹6,600 | ₹9,000 | 27% |
| Diamond | 6 Months | ₹13,200 | ₹18,000 | 27% |
| Diamond | Yearly | ₹20,000 | ₹36,000 | 44% |
| Platinum | Monthly | ₹1,999 | ₹2,999 | 33% |
| Platinum | 3 Months | ₹4,500 | ₹6,000 | 25% |
| Platinum | 6 Months | ₹9,000 | ₹12,000 | 25% |
| Platinum | Yearly | ₹15,000 | ₹24,000 | 37.5% |
Unlike some firms where only one plan out of several carries this pattern, here every single plan, for every duration, shows a discount.
That consistency is worth naming as its own finding, since it means the “original” price is never actually the price a new subscriber would pay.
Nothing on the page explains what the original figures represent, whether they were ever genuinely charged, or how long the current, discounted rate is meant to last.
We are not asserting the original prices are fabricated.
What can be said is that a price displayed as discounted on every single plan, with no expiry date attached to the offer, functions less like a limited promotion and more like the site’s actual, permanent pricing dressed up to look like a deal.
On the Fee Cap Itself, This Firm is Comfortably Compliant
Even at the higher, original prices, the highest annual figure, Diamond at ₹36,000, sits well under the ₹1,51,000 ceiling.
Combining all three plans at their original yearly prices comes to ₹84,999, still comfortably inside the limit.
On pricing against the SEBI cap, there is no issue here at all, and that deserves to be said plainly rather than searching for a problem that does not exist.
Also Read: Pawandeep Singh Pabla lists a ₹1,78,000 three-month checkout price against a ₹1,51,000 yearly plan.
What Does Momentum Edge’s Complaint Data Show?
Given the firm only began operating in April 2026, its complaint history is necessarily short.
What exists is worth reading carefully, because two of the firm’s own tables do not quite agree with each other.
Current Complaint Summary
| Source | Pending at Start | Received | Resolved | Total Pending | Pending Over 3 Months | Avg. Resolution Time |
|---|---|---|---|---|---|---|
| Directly from Investors | 0 | 0 | 0 | 0 | 0 | N/A |
| SEBI (SCORES) | 1 | 0 | 1 | 0 | 0 | 60 days |
| Other Sources | 0 | 0 | 0 | 0 | 0 | N/A |
| Grand Total | 1 | 0 | 1 | 0 | 0 | 60 days |
This table is labelled as covering the month ending July 2026 and states that 1 complaint was pending at the start of July, which was then resolved during the month.
Monthly Disposal Trend
| Month | Carried Forward | Received | Resolved | Pending |
|---|---|---|---|---|
| April 2026 | 0 | 0 | 0 | 0 |
| May 2026 | 0 | 1 | 0 | 1 |
| June 2026 | 1 | 0 | 1 | 0 |
| July 2026 | 0 | 0 | 0 | 0 |
| Grand Total | 0 | 1 | 1 | 0 |
Where the Two Tables Disagree
Read the monthly trend on its own, and it makes complete sense.
One complaint arrived in May 2026 and was left pending at month-end.
It carried forward into June 2026 and was resolved there, closing June with nothing pending. July 2026 opens with zero carried forward, since the complaint had already been closed the month before.
The current complaint summary, also covering July, states something different: that 1 complaint was pending at the start of July, not zero.
That figure should match June’s closing balance in the monthly trend, and it does not.
The complaint itself was genuinely resolved; that much both tables agree on. What they disagree on is exactly when.
The monthly trend places the resolution in June. The current summary’s own numbers imply the complaint was still open entering July.
Since only one complaint exists in the firm’s entire history, this is not a volume concern; it is a small but real inconsistency in how the firm’s own tables describe the timeline of that single case.
Also Read: Profideskk Research has complaint disclosure that still contains the placeholder “Edit here.”
The Wider Picture About Rahul Bhagat Complaints Data
One complaint was received through SCORES rather than directly, within roughly three months of the firm beginning operations. On its own, one complaint does not establish a pattern.
It is worth noting, given how short the firm’s operating history is, the 60-day average resolution time recorded for it is worth asking about directly, since that is a longer turnaround than the more common 15 to 30 day figures seen elsewhere in this sector.
The most recent data published covers July 2026.
As of September 2026, August is unaccounted for, a gap against SEBI’s requirement that complaint data be refreshed by the 7th of the following month.
What Does Momentum Edge’s Telegram Channel Promote?
The firm’s Telegram channel, where trade calls and updates are shared, highlights specific results worth reading with the same caution applied elsewhere on this page.
Posts on the channel cite figures including a 38 percent approximate gain in a month, a stock reaching a new high of 593 from 431, and an 8 percent move on a position referred to as DMCAPITAL.
The channel has also shared trade screenshots for a position called JINDWORLD, including a message stating the position was sold in full because funds were needed for something else.
Figures presented this way highlight the winning trades without the accompanying context of losing ones, the total number of calls given over the same period, or the realised return across a subscriber’s full portfolio rather than a single position.
None of this amounts to an explicit guarantee of returns, and posting specific results is not inherently improper, but a subscriber should ask for the complete run of calls over a stated period rather than judge the service from a handful of highlighted wins.
What Other Details on Rahul Bhagat’s Website Are Worth Knowing?
A few phrases and presentation choices on the site are worth a second look before you subscribe.
The site states that entering before a breakout offers a “higher probability of success,” and separately describes its method as a “Proven 4-Step Process.”
Neither claim is accompanied by back-tested results or a published methodology.
Member testimonials describe catching major moves and reducing losses, including one stating the service saved the investor from “major losses.”
Framed as a testimonial rather than a direct company claim, this still creates an impression of loss protection that sits against the general market risk disclaimer carried elsewhere on the site.
A related phrase, “capital protection is our first priority,” similarly overstates what any research recommendation can actually guarantee, since no research service can eliminate market risk.
Several testimonials also appear repeated more than once across the page.
Duplicated testimonials are a presentation issue rather than a regulatory one, but a page that repeats the same praise multiple times reads as less carefully maintained than one that does not.
Also Read: R Haresh has a YouTube channel that promotes claims like “Big Move Coming Tomorrow” and other outcome-focused trading claims.
How to File a Complaint Against Momentum Edge?
Given how short this firm’s operating history is, most concerns at this stage are more likely to involve clarity, particularly around the discounted pricing and the complaint timeline, than an established pattern of conduct.
Start by asking the firm directly whether the struck-through original prices have ever actually been charged to any client, and for how long the current rate is intended to last.
If you want clarity on the one disclosed complaint, ask for a reconciliation between the current summary and the monthly trend table for June and July 2026.
Send your grievance to the RA’s email ID, describing what you were told, what you paid, and what you want resolved.
Keep the sent record regardless of what comes back.
If the response is not satisfactory, escalation runs through a specific set of channels, and each one exists for a different stage of the dispute rather than as alternatives to pick from.
1. SEBI SCORES
Begin by raising your grievance through the SEBI SCORES complaint portal.
SCORES allows investors to lodge and track complaints against SEBI-regulated entities.
2. SMART ODR
If the matter remains unresolved, you can take it to SMART ODR for online dispute resolution, including conciliation.
If conciliation does not resolve the dispute, the matter may proceed to arbitration through the ODR mechanism.
3. Arbitration
Where conciliation does not lead to a settlement, eligible disputes can move to arbitration in stock exchange.
The arbitration process can result in a formal award under the applicable ODR framework.
For a complete step-by-step explanation, read our guide on complaint against a SEBI-registered Research Analyst.
Unsure if the discount is genuine or what these claims actually mean?
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Disclaimer
This page is based on Momentum Edge’s own published material and the SEBI intermediary register, current as of September 2026, and alleges no wrongdoing since no SEBI order stands against the firm.
Registration details, pricing, and website content can change, so verify everything at source before acting. Treat this page as research, not legal or investment advice.
Conclusion
Rahul Bhagat’s Momentum Edge holds a genuine SEBI Research Analyst registration, INH000025948, with pricing comfortably inside the SEBI fee cap and a proactive warning against impersonation worth crediting directly.
Two things are worth a closer look before subscribing.
Every plan on the pricing page is displayed as discounted from a higher original price, with no explanation of what that original figure represents or how long the current rate will last.
And the firm’s own complaint tables place the resolution of its single disclosed complaint in two different months.
Neither issue is serious on its own. Both are worth asking about directly before you pay, simply because the firm’s own published material does not currently answer either question.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
Yes. It is registered to Rahul Bhagat, operating as Momentum Edge, from 10 April 2026 and is perpetual. Confirm it directly on the SEBI register rather than relying on the website alone.
No. Every plan, even at its higher original price, stays comfortably under ₹1,51,000 annually, whether taken individually or combined across all three tiers.
It cannot be confirmed either way from the website alone. Every plan on every duration shows a discount with no expiry date or explanation, which is worth asking the firm about directly before assuming either figure is meaningful.
The monthly trend places the resolution of the firm's one disclosed complaint in June 2026, while the current summary's own figures imply it was still pending entering July. Both agree the complaint was resolved; they disagree on when.
Treat individual highlighted results with caution, since they do not show the full run of calls, the losing trades, or the realised return across a subscriber's whole portfolio. Ask for the complete record over a stated period before judging the service from a single post.
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