Quick Summary
ResearchInn Investment Advisor, registered with SEBI under INA000004450, carries a 3.9 star rating on JustDial, on the lower end for this sector. Reviewers describe a pattern of early profit followed by mounting losses, specific loss figures, unresponsive named staff, and allegations of trades placed without stop-loss protection. Some reviews use strong accusatory language. That language is not repeated verbatim here, and none of these claims has been confirmed by a SEBI order. Registration, pricing and the fee cap issue for this firm sit on our dedicated ResearchInn Investment Advisor page.
A 3.9-star rating on JustDial is already on the lower end for a SEBI-registered adviser, and the specific reviews behind that number explain why.
This page works through five reviews of ResearchInn Investment Advisor, registered with SEBI under INA000004450, with the hedging that any third-party claim requires.
None of what follows has been confirmed by a SEBI order, and all of it should be read as a reported experience rather than an established fact.
For the firm’s registration, its pricing, and the three yearly plans priced above the SEBI fee cap, see our dedicated ResearchInn Investment Advisor page, which this one assumes as background.
What Pattern Do Reviewers Describe About ResearchInn Investment Advisor?
More than one reviewer describes a similar sequence: an initial period of profitable calls, followed by a shift toward recommendations that produced losses, continuing until the client’s subscribed funds were largely spent.

One reviewer states a loss of ₹63,400, describing a pattern of early small profits used to build confidence before larger losses followed.
Framed this way, it is a specific, checkable figure rather than a vague complaint, though it remains one individual’s account of their own trading outcome rather than a verified finding against the firm.
Trading outcomes depend on market conditions as well as advice received, and a loss following a recommendation is not, on its own, evidence of misconduct.
What is worth the firm addressing directly is the specific claim that a beginner client’s trades were placed without stop-loss protection despite having disclosed their experience level.
What Do Reviewers Say About Staff Responsiveness?
One reviewer names two staff members directly, describing them as having “hopeless” manners and reporting that a complaint about their conduct went unanswered, with the listed contact number consistently unreachable.

This is a specific, actionable claim that complaints were raised and not responded to, rather than a vague character attack, and it is the kind of claim a firm’s own grievance process should be able to confirm or refute with its own records.
What Stronger Language Appears in These Reviews, and How Is It Handled Here?
Several reviews use direct accusatory language, including the words “fraud” and “cheater,” and name a specific individual in connection with one of the loss claims described above.

That language is not repeated verbatim on this page, and the named individual is not identified here either.
These are claims made by anonymous third-party reviewers, not findings from a SEBI order or any other verified source, and repeating strong accusatory language or a named allegation without that context would be unfair to someone who has had no opportunity to respond.
What can be said plainly is this: multiple reviewers independently describe a similar sequence of early profit followed by escalating losses, and that pattern, as a pattern rather than any single accusatory word, is the part of these reviews worth a prospective client’s genuine attention.
If you believe a registered adviser has acted fraudulently, the appropriate response is a formal written complaint followed by SEBI’s own complaint channels, not a public review, however strongly worded.
A regulator’s finding carries weight a review cannot.
How Should You Read a 3.9 Star Rating Against Reviews Like These?
A 3.9 star average already signals more dissatisfaction than a typical 4.5-plus rating, and the specific reviews behind it give that number real texture: loss figures, a described pattern, and unresolved staff complaints, rather than vague dissatisfaction.
None of these claims have been confirmed through a SEBI order against this firm.
They are presented here as reported user experiences, and nothing on this page should be read as this site’s own independent finding of wrongdoing against ResearchInn or any named individual associated with it.
How To Raise A Concern About ResearchInn?
If your own experience matches any pattern described above, including trades placed without stop-loss despite disclosing your experience level, put it in writing to the firm first, citing the registration number INA000004450, specific dates, and the amounts involved.
If the firm’s response does not resolve things, formal escalation runs through the regulator next.
The SEBI SCORES portal is where that filing happens, and naming the registration number helps route it correctly.
Where SCORES does not produce a resolution, the next stage is structured conciliation rather than a repeat filing.
The SMART ODR login page explains how a conciliator gets assigned and what to bring into that session.
For the complete step-by-step process against a SEBI-registered adviser, our guide on file complaint against RIA covers every stage from the first written notice through formal escalation.
Lost money following recommendations from this adviser and not sure whether you have a valid complaint?
We help you put the specifics in writing and carry the complaint through SEBI’s formal channels. Register with us for guidance on next steps.
Disclaimer
This page works through reviews that JustDial users have posted publicly about ResearchInn Investment Advisor. They are relayed here as individual accounts, not confirmed findings, and no wrongdoing is alleged against the firm or anyone named in a review, since none of it has been tested by a SEBI order. A rating or a specific review can shift or disappear at any time, so check JustDial directly for the current picture. This page is written for research purposes, not as legal or investment advice.
Conclusion
A 3.9-star JustDial rating for ResearchInn Investment Advisor sits under a set of specific reviews describing a pattern of early profit followed by losses, named loss figures, unresponsive staff, and trades reportedly placed without stop-loss protection for a self-disclosed beginner.
Some reviews use strong accusatory language that is not repeated here, since none of it has been confirmed by a SEBI order.
The pattern across multiple independent reviewers is what deserves attention, more than any single strongly worded claim.
If you have had a comparable experience, raise it in writing with the firm first, with specific dates and figures, and escalate through SEBI’s formal channels if that does not resolve things.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
No. They are third party reviews posted publicly on JustDial, presented here as reported user experiences. No SEBI order confirms or addresses any of these specific claims.
Not on its own. Trading outcomes depend on market conditions as well as the advice given. The more specific claim worth attention is a reviewer's report that trades were placed without stop-loss protection despite disclosing beginner status.
Some reviews use words like "fraud" and "cheater" and name a specific individual. That language is not repeated here because it is an unverified third party claim, not a SEBI finding, and repeating it without that context would be unfair to someone with no chance to respond.
That is covered on our dedicated ResearchInn Investment Advisor page, which this reviews page links back to for registration, pricing and the fee cap breach.
Put your complaint in writing to the firm first, with specific dates and amounts, then escalate through SEBI SCORES and SMART ODR if the firm's response does not resolve it.






