ShubInvests Review: Is It Safe to Subscribe to Their Paid Plans?

Thinking about subscribing to ShubInvests? Here’s something worth checking first.

Two of its plans are shown with a full price tag and a full list of benefits. Try to actually buy either one, and you can’t.

ShubInvests holds a genuine SEBI Research Analyst registration, INH000016913, active since June 2024.

That part checks out cleanly. What doesn’t is the pricing page, and a contradiction between the site’s own Terms and what its homepage promises.

This page walks through the registration, the pricing, and that contradiction, in plain terms.

ShubInvests Review

ShubInvests is a stock research service run out of Badlapur, Thane, focused on fundamental analysis and small and mid-cap companies.

It’s positioned as a long-term research practice, not a tip-a-day service, built around understanding a business before recommending it.

Before deciding whether to pay for anything here, first check whether the firm is properly registered and what it actually claims to offer.

Those two details can help you understand who you’re dealing with before you consider paying for its research service.

Is ShubInvests SEBI Registered?

Yes. The firm’s disclosure page lists INH000016913, the same number held by its proprietor.

This falls under the Research Analyst category.

It covers published research sent to a general client base.

It doesn’t cover personalised advice built around one client’s own finances, trade execution, or portfolio management. Those sit under different SEBI categories entirely.

Worth stating plainly, the disclosure gets this right. It calls itself a Research Analyst business, not an Investment Adviser, a label some competitors misuse.

What Does ShubInvests Actually Offer?

ShubInvests describes its work across a few distinct services, each aimed at a slightly different kind of client.

1. Research reports, covering individual companies in depth.
2. Market analysis, tracking broader trends beyond a single stock.
3. Model portfolios, issuing live Buy, Hold, Sell, Exit, and Rebalancing calls with entry prices, targets, and stop-losses.
4. One-time stock reports for a single company rather than an ongoing subscription.

The stated approach behind all of it leans on valuation, discipline, and patience, explicitly distancing itself from short-term predictions or daily market noise.

None of this establishes wrongdoing on its own. A research approach built around patience and fundamentals is, on its face, reasonable for the segment it targets.

The site also publishes the standard investor resources a Research Analyst is expected to provide: an Investor Charter, grievance redressal information, an annual report, and ODR details.

That’s a baseline worth noting, even if not a special credit.

ShubInvests Pricing

Every SEBI registered Research Analyst has to stay inside a hard price limit, whatever their plans are actually called.

Think of it as a ceiling that applies no matter how the fee is packaged, monthly, yearly, or split into add-ons.

Here, that ceiling is ₹1,51,000 a year, per client family.

Anything sold above that, once you work out the real yearly cost, is over the line, even if no single invoice looks alarming on its own.

Here’s what that actually looks like:

1. The Published Price List

None of these plans breach the SEBI limit.

2. Two Plans Are Priced but Not for Sale

The Foundation and The Inner Circle both display full pricing and detailed benefits.

Both are also marked “Unavailable” on the homepage.

If you’re seeing a real price and a full feature list, it’s reasonable to assume you can buy it. Here, you can’t.

Ask ShubInvests directly whether these plans will reopen, and when.

A pricing page that shows a product you can’t actually purchase creates false expectations before a prospective client even reaches out.

3. Two Services Share the Same Monthly Price

The Foundation and the Model Portfolio Monthly plan are both ₹2,999 a month.

They’re described as materially different services. The site doesn’t explain the distinction clearly at the point of purchase.

Ask which one you’re actually signing up for before you pay.

4. ShubInvests Free Month Offer

The half-yearly Model Portfolio is sold as “6 months + 1 Month Free.” The yearly plan offers “12 months + 2 Months Free.”

Neither figure explains how the free month is calculated, or what the effective monthly cost actually works out to.

Work that number out yourself before comparing plans.

A round, even-sounding discount is easier to market than the actual per-month price. Keep that in mind against the standalone monthly plan.

5. Payment Runs Through a Third-Party Gateway

Subscriptions are processed through PayU, a third-party payment link.

The homepage doesn’t list a registered bank account as an alternative.

Confirm the payment page is genuinely linked to ShubInvests before entering any card details.

Does the Terms Page Match What the Homepage Promises?

This is the sharper contradiction on this site.

The Terms & Conditions state the service does not constitute “a recommendation to buy, sell, or hold any security.”

The homepage describes the Model Portfolio as issuing Buy, Hold, Sell, Exit, and Rebalancing decisions, complete with entry prices, targets, and stop-losses.

These two descriptions can’t both be true at once. One says the service gives no recommendation. The other lists exactly the kind of recommendation being given.

Ask ShubInvests directly which description is accurate before deciding what you’re actually paying for.

The same Terms page adds another detail worth knowing before you pay. Payments are non-refundable once research reports or content have been delivered.

SEBI’s rules still entitle you to a proportionate refund for the unexpired period on early termination of the service. A blanket no-refund clause doesn’t override that entitlement, even if it’s what the firm’s own terms state.

ShubInvests Complaints

Every SEBI registered firm has to publish how many complaints it gets each year. It’s one of the few numbers you can check without asking anyone.

Here’s what ShubInvests has reported so far:

One complaint since registration, resolved. That’s a genuinely light record, worth stating plainly.

The most recent detailed report on the site is dated June 2026. This review was done in September 2026.

The monthly trend table shows July, August, and September 2026 all at zero. It’s not clear whether that reflects real activity or simply hasn’t been updated yet.

The 2026-27 annual row also shows zero for the whole year, while that year is still ongoing. Ask directly for the current, up-to-date position rather than relying on the published table alone.

Already paid ShubInvests and something doesn’t add up?

We will help you put the discrepancy on record and take it through the right complaint channels, from your first email to SEBI SCORES and beyond.

Register with us for a free look at your situation.

What Marketing Language Needs a Closer Look?

The homepage states ShubInvests is “trusted by thousands of retail investors,” without a source for that figure.

It also uses phrases like “real informational edge” and “extraordinary returns” to describe its research approach.

It repeatedly calls its work “institutional-grade equity research,” without evidence backing that specific claim.

A hero card on the homepage separately highlights “disciplined long-term wealth creation” as its central promise to clients.

None of this amounts to a guaranteed-return promise. It’s worth reading with real caution.

Where Can I Complain About ShubInvests?

You don’t have to figure this out alone, or accept whatever answer you first get. There’s a clear order to follow, starting with the firm itself and moving up to the regulator if that doesn’t work.

Save your payment record and anything you were told before you paid.

Write to [email protected] directly, asking which plans are actually active and which description of the service, the Terms or the homepage, is correct.

No reply, or an answer that raises more questions than it settles, means the next stop is the SEBI SCORES complaint portal, where the grievance goes on formal record with the regulator.

SCORES stalling out moves the matter to the SMART ODR registration platform, structured conciliation with a neutral party reviewing what happened.

The last resort, Share Market Arbitration, ends with a binding ruling rather than an outcome either side can simply shrug off.

A full breakdown of how to sequence a complaint against SEBI registered research analyst properly is covered in our dedicated guide.

Disclaimer: Every finding here comes from ShubInvests’ own published material, and none of it amounts to an accusation, since no SEBI order stands against the firm. Independently confirm anything that matters before acting on it. Treat this page as background, not as legal guidance.

Conclusion

ShubInvests holds a genuine SEBI registration, INH000016913, and its own disclosure correctly states it’s a Research Analyst, not an Investment Adviser.

Two plans are priced but marked unavailable. Two others share an identical monthly price with no clear distinction. And the Terms directly contradict what the homepage describes as the actual service.

Confirm exactly what you’re buying, and from which page’s description, before paying anything.

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Report. Recover. Stay Fraud Free.

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Frequently Asked Questions

1. Is INH000016913 a real SEBI registration?

Yes, held by Shubham Shirkar, active since June 2024, confirmed directly on the firm's own disclosure page.

2. Can I actually buy The Foundation or The Inner Circle plan?

Both display full pricing but are marked Unavailable. Ask the firm directly whether either plan is currently open for subscription.

3. Does ShubInvests give buy or sell recommendations?

The homepage describes exactly that through its Model Portfolio. The Terms & Conditions state the opposite. Ask which one accurately describes the service.

4. Does ShubInvests' pricing breach the SEBI fee cap?

No. Every published plan stays well under the ₹1,51,000 annual limit.

5. How many complaints has ShubInvests received?

One, in FY2024-25, resolved. The most recent detailed report is dated June 2026, so ask directly for the current position.