Quick Summary
SV Stock Research is a real, SEBI-registered research analyst under registration number INH000011909, held by proprietor Arunima Rai. The firm is not fake. But registration and trustworthiness are two different questions. Complaints jumped from 1 in FY 2024-25 to 13 in FY 2025-26. The website uses outcome-oriented language that SEBI’s Schedule III restricts. At least one investor publicly raised concerns about advice quality and support. This page covers all of it.
You found SV Stock Research on social media or through a search. The claims looked promising. Before paying, one question matters more than any other.
Is SV Stock Research fake or real?
The registration answer is clear. Real.
SV Stock Research holds SEBI Research Analyst registration number INH000011909 under proprietor Arunima Rai, active and verifiable on SEBI’s public portal in under two minutes.
What the registration cannot answer is whether the firm’s complaint trajectory, marketing language, and service record deserve the same confidence as the registration number.
That is what this page covers.
Is SV Stock Research Fake or Real?
SV Stock Research is real.
The firm is not an anonymous entity, not a fake website, and not an unregistered operator.
Arunima Rai holds SEBI Research Analyst registration INH000011909 with perpetual validity.
The firm is based in Maharashtra and offers index options research through two subscription plans.
On paper, this is a legitimate, operating research analyst business.
Registration, however, answers only the legitimacy question.
It does not answer the trustworthiness question, and that one requires looking at four specific things the firm’s own records show, starting with the numbers the firm itself discloses.
What Does the Complaint Data Actually Show?
Every registered research analyst must publish its complaint history, and SV Stock Research’s disclosure carries three years in three rows.
Read the middle row twice, because that is where the story is:
| Year | Received | Resolved | Pending |
|---|---|---|---|
| 2024-25 | 1 | 1 | 0 |
| 2025-26 | 13 | 13 | 0 |
| Total | 14 | 14 | 0 |
One complaint in FY 2024-25. Thirteen in FY 2025-26. All resolved, zero pending.
The resolution record is clean.
The 13-fold increase in a single year is not something to read past.
Thirteen complaints in one year from a two-plan index options firm represent a significant concentration of investor grievances, and whatever drove the increase, the complaints exist, and the firm itself confirms them in its own disclosure.
SEBI’s reporting requirements capture numbers, not reasons.
Whether the 13 complaints involved fee disputes, service failures, marketing claims, or other conduct is not visible publicly.
The monthly breakdown, when the complaints started arriving through the year, and the disclosure gap all sit on our complete overview of SV Stock Research company.
What Do Website Promises vs Client Reviews Reveal About SV Stock Research?
Now put the firm’s promises next to the one public account of using them.
The website advertises live market customer support and 24/7 support and assistance as specific features across its subscription plans.
These are not vague marketing phrases. They are service commitments investors rely on when choosing between plans.
A reviewer on the firm’s own Instagram page described a different experience.
According to this reviewer, they incurred trading losses, the advice provided was not what they expected, and the support team did not return their call when they tried to raise concerns.
One review cannot represent all subscribers. But it creates a visible gap between the support commitment the website makes and what at least one client says they received.
What each of the reviewer’s three concerns maps to under SEBI’s rules is examined in full on our page: SV Stock Research company reviews.
What Marketing Claims Should You Watch Out for With SV Stock Research?
The third thing the firm’s own records show sits on its homepage.
The website uses terms like maximize your profits and promotes consistent success in the stock market as part of its service description.
SEBI’s Schedule III under the Research Analyst Regulations prohibits language implying assured returns or guaranteed profitability, and words like consistent success create an impression of certainty no research recommendation can support.
The firm’s own disclaimer, which appears elsewhere on the site, states that past performance is not indicative of future results and that investments are subject to market risk.
Both statements exist on the same website.
The service page implies certainty, the disclaimer walks it back, and an investor reading only the subscription landing page never encounters the disclaimer unless they navigate away from it.
Who Actually Runs SV Stock Research?
The fourth thing worth knowing before you pay is who sits behind the registration, and the answer is one person, three times over.
Arunima Rai is the proprietor, the compliance officer, and the grievance officer, all three roles held by the same individual, with the registration in her personal name rather than through a company.
For complaints, the implication is direct.
The person reviewing your internal grievance is the same person responsible for the firm’s operations, and the structural independence SEBI’s framework assumes between a complaint handler and management does not exist when one person holds all three roles.
What that triple role means for accountability, and how it actually helps you name the right party in a formal filing, sits on our page: SV Stock Research company owner.
Read all four concerns and realising your own experience with this firm checks more than one box?
We will turn that recognition into a case: the evidence organised, the complaint filed against the right registration, and representation through every stage until it resolves.
How to File a Complaint Against SV Stock Research?
Maybe you have read everything above and recognised your own story in it.
The subscription you paid for, the service that did not match the website’s promises, and now the question of what you can actually do about it.
Here is the honest and encouraging answer. Because SV Stock Research is a registered firm, you have a formal complaint route that the firm cannot ignore, and it applies directly to registration INH000011909.
The route runs in five stages, and each one builds the record the next stage stands on.
Walk them in order, and your case arrives at every desk with the file already complete:
Step 1: Build Your Evidence File First
Before you write to anyone, collect every payment receipt, UPI screenshot, WhatsApp message, email, and the marketing material you relied on before subscribing.
Then write a one-page summary of what happened in date order, with the amounts against each date.
This single file travels with you through every stage that follows, and cases are won or lost on how complete it is.
Step 2: Complain to the Firm Itself
Send a formal written complaint to the grievance officer, who is Arunima Rai, stating clearly what you paid, what was promised, and what you actually received.
Give 21 calendar days for a written response, and keep proof of when you sent it, because that date starts the clock everything else runs on.
Step 3: Escalate to the Regulator
If the 21 days pass without a satisfactory answer, file a SCORES SEBI complaint online with Research Analyst as the intermediary type and INH000011909 as the registration number, with your evidence attached.
Filing costs nothing, and the firm’s obligation to respond there within 21 days is regulatory, not optional, which changes how seriously your complaint gets treated.
Step 4: Move to Conciliation
An unresolved SCORES complaint escalates to SEBI’s online dispute resolution system, where an independent conciliator is assigned, and the firm must participate in the sessions.
Conciliation is free for you as the investor; many disputes settle right here, and getting into the system takes only a few minutes once you know the steps, which our guide on SMART ODR portal registration walks through one screen at a time.
Step 5: Take it to Arbitration if Conciliation Fails
When no settlement comes, the final stage of arbitration in share market disputes opens, where an arbitrator hears both sides and passes a legally binding award the firm must honour.
Conclusion
SV Stock Research is real. The registration is verified, and the firm is authorised to operate.
What the registration does not do is explain a 13-fold complaint increase in one year, validate marketing language SEBI’s code restricts, or close the gap between the 24/7 support promise and what at least one investor says they received.
Real and trustworthy are two different verdicts, and only the first one comes from a registration number.
The second one comes from the records above; read before you pay rather than after.
Report. Recover. Stay Fraud Free.
Yes. The firm operates under SEBI Research Analyst registration INH000011909 in the name of proprietor Arunima Rai, with BSE enlistment number 5752, active and verifiable on SEBI's intermediary portal. No. Registration authorises a firm to provide research services under a regulated framework. It does not certify recommendation accuracy, validate marketing claims, or eliminate market risk, which is why registered and profitable are separate questions. The firm's published policy states a blanket no refund position, but SEBI's December 2024 amendment requires registered research analysts to refund the pro rata unused portion of advance fees on early exit, and SEBI's regulation sits above any firm level policy. That claim can be raised through SCORES. Verify registration INH000011909 on SEBI's portal, read the refund policy in full, and confirm payments go to an official business account with a proper GST invoice. Note that the Platinum plan at ₹1,51,000 uses the entire SEBI annual fee allowance, leaving no room for any other subscription that year. Send the written complaint to Arunima Rai as grievance officer and allow 21 days. If the response is absent or unsatisfactory, file on SEBI SCORES under INH000011909, and escalate to SMART ODR and exchange arbitration if the matter still does not resolve.Frequently Asked Questions
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