Quick Summary
Vanshika Dutt is a Delhi-based SEBI Research Analyst, registration INH000022251, valid from 30 July 2025. Her Annual Plan is listed at ₹54,000, but checkout adds a ₹1,146.96 handling fee, taking the real total to ₹55,146.96. Her complaint board reports 16 complaints for FY 2024-25, a year before her stated registration date. Two of her own tables also disagree on how many complaints she’s received, 23 in one, 28 in another.
Would you notice an extra ₹1,147 added at checkout after the price already said ₹54,000? Most people only see it once they’re paying.
Vanshika Dutt holds a real SEBI Research Analyst registration, and her plans are modestly priced. That’s the easy part to check.
The harder part is her complaint board, which reports complaints from a year before her registration existed, and gives two different totals for the same period.
This page goes through her registration, her pricing, her complaint tables, and her Telegram channel, one at a time.
Vanshika Dutt Research Analyst
Vanshika Dutt runs a Delhi-based equity research practice, built on technical and fundamental analysis.
Her site says her family has close to a decade in capital market investing, which gave her early exposure to the markets.
Services include stock ideas, sector reports, ongoing market monitoring, and curated stock picks, sold as quarterly, half-yearly, and annual plans.
Is Vanshika Dutt SEBI Registered or Not?
Yes. She holds SEBI Research Analyst registration INH000022251, valid from 30 July 2025 on a perpetual basis.
A third party directory of Delhi-based SEBI Research Analysts lists the same registration number, name and email, matching her own site.
Her registered and correspondence address is B-7/1-B S/F, Street No-7, Near Park, Vasant Vihar, New Delhi 110057. She also carries BSE Enlistment No. 6680, shown on her homepage banner.
She can be reached at [email protected] or +91 93110 23059.
The INH in her number marks her as a Research Analyst, not an Investment Adviser or Portfolio Manager.
That means she can publish stock ideas and calls to anyone who subscribes. She isn’t licensed to build a plan around your specific finances, or to buy and sell on your behalf.
Before paying any analyst, check SEBI registered research analyst status directly on SEBI’s own list, rather than a website’s own claim.
Her site does publish an Investor Charter, Standard Disclosure, Terms & Conditions, Privacy Policy, Refund Policy, and Client Consent/MITC. Having all of these in place is a genuine positive, worth noting before the concerns below.
Vanshika Dutt Fees: What the Pricing Page Doesn’t Show
Subscribing to research with Vanshika Dutt means picking one of three plans, priced by how long you want the calls to run.
The page itself looks simple enough: a duration, a price and a short list of what you get.
Try to actually buy the biggest plan, though, and the number on that page stops being the number you pay.
| Plan | Duration | Listed Price | What’s Included |
|---|---|---|---|
| Quarterly Research Plan | 3 months | ₹15,000 | Research-backed equity calls and updates |
| Half Yearly Research Plan | 6 months | ₹30,000 | Equity calls, updates, and continuous monitoring |
| Annual Research Plan | 12 months | ₹54,000 (listed against ₹60,000) | Equity calls, market analysis and portfolio updates |
None of these breach the SEBI ceiling of ₹1,51,000 a year. That’s not where the problem is.
Hidden Fees: Extra Checkout Charges Not Listed on the Pricing Page
Here’s what happens if you actually go through with a purchase, rather than just reading the plans page.
Click “Buy” on the Annual Plan, and you’re taken off her site entirely, onto a separate payment page.
There, the ₹54,000 price is joined by an internet handling fee of ₹1,146.96, taking the actual charge to ₹55,146.96.
That’s roughly 2% more than the number on Vanshika Dutt’s own research plans page.
- The handling fee appears only at checkout, on a page separate from where the price is advertised.
- Nothing on the pricing page warns you that a fee is coming, so the number you compare plans against isn’t the number you’ll actually pay.
Her own Terms do allow this. They permit fees to be collected through multiple payment modes, including payment gateways and third-party service providers, which is exactly the arrangement behind this checkout.
The Terms permit it. What’s missing is upfront disclosure of it.
Neither the payment arrangement nor the handling fee it brings is mentioned on the pricing page itself, only inside the Terms document, and only once you actually reach checkout.
Ask for the final, all-inclusive price in writing before you click “Buy” on anything.
Charged more at checkout than the price you were shown?
We will document the gap between the advertised price and what you actually paid, and put it on record with the firm and SEBI if needed.
Register with us for a free consultation.
Vanshika Dutt Complaints
Vanshika Dutt’s site carries three separate complaint tables: an annual one, a monthly one, and one counting unique clients.
Read them side by side rather than one at a time, and they stop agreeing with each other.
The Annual Complaint Table
This one groups everything by financial year, which is the view most investors would check first.
| Financial Year | Carried Forward | Received | Resolved | Pending |
|---|---|---|---|---|
| FY 2024-25 | 0 | 16 | 16 | 0 |
| FY 2025-26 | 0 | 11 | 10 | 1 |
| FY 2026-27 | 1 | 1 | 1 | 0 |
| Grand Total | 23 | 23 |
The Unique-Client Complaint Table
A second table breaks the same years down differently, by how many distinct clients actually complained.
| Financial Year | Unique Clients Who Complained | Total Complaints |
|---|---|---|
| FY 2024-25 | 8 | 16 |
| FY 2025-26 | 4 | 11 |
| FY 2026-27 | 1 | 1 |
| Grand Total | 13 | 28 |
Vanshika Dutt Pre-Registration Red Flags: Complaints Filed Before Her SEBI License Date
Her own registration record says she was registered on 30 July 2025.
Her complaint board reports 16 complaints for FY 2024-25, the year that ran from April 2024 to March 2025, a year that ended four months before her stated registration date.
- A registration can’t generate complaints before it exists. The site doesn’t explain where these 16 pre-registration complaints actually come from.
- This needs a direct answer from Vanshika Dutt, not an assumption. Ask her whether FY 2024-25 refers to a different registration, a different business, or a labelling error on the table.
Data Mismatch: Why Do Two Complaint Tables Show Different Totals?
The annual table’s grand total is 23 complaints received. The unique-client table’s total is 28.
Both tables cover the same three financial years. Neither page explains the five-complaint gap between them.
Pending Complaints: Unresolved Issues on Vanshika Dutt’s Record
FY 2025-26 shows 10 of 11 complaints resolved, with 1 still pending.
The site gives no detail on what that unresolved complaint concerns. Worth asking directly before you subscribe.
Vanshika Dutt Complaint Records: Why Monthly and Yearly Numbers Don’t Match
Standard SEBI guidelines require Research Analysts to update their complaint data on a monthly basis.
However, when you look closely at Vanshika Dutt’s monthly breakdown below, the numbers don’t add up correctly when compared to her annual totals.
| Month | Received | Resolved |
|---|---|---|
| July 2026 | 0 | 0 |
| June 2026 | 1 | 1 |
| May 2026 | 0 | 0 |
| Earlier in FY 2026-27 | 1 | 1 |
| Total Shown | 2 | 2 |
The rows above add up to 2 complaints for FY 2026-27. The annual table for that same year says 1.
The most recent monthly entry is July 2026, though SEBI requires updates by the 7th of each month, and the current month is well past that.
Given everything above, a written complaint asking Vanshika Dutt to reconcile these three tables is a reasonable first step, and our guide on how to raise a complaint against SEBI registered research analyst covers how to take that further if she doesn’t respond.
Also Read: EQSIS, why a two-year gap in a “since” claim deserves a direct question.
Vanshika Dutt Telegram
Her Telegram handle is t.me/ra_vanshikadutt, described as “curated by Vanshika Dutt, SEBI Registered Research Analyst,” with her registration number shown and a note that content is for educational purposes.
That last part, telling subscribers to do their own due diligence, is a fair and reasonable thing to include.
Promotional Telegram Posts: Outcome Bias & Highlighted Profit Metrics
One post tracks GMM Pfaudler, from ₹1,265 to a new high of ₹1,464.9, a move it labels as nearly 16% up.
A second tracks Optiemus Infracom, from ₹533 to ₹708.9, calling it up 33% from tracking.
A separate message reports a 4% one-day profit on a trade, again leading with the number rather than the reasoning.
- All three posts lead with the percentage gain, not with the reasoning behind the original call.
- There’s no visible post showing a call that didn’t work out, so a reader only sees the channel’s winners.
Strategic Claims & Return Expectations: What Investors Should Watch For
Other messages use phrases like “high-conviction,” “profit booked,” “target achieved” and “clean execution.”
The channel separately promotes a “Premium Advisory Group” at a discounted fee, with “Limited slots” and a claim that high-conviction opportunities are available exclusively to subscribers.
Combining performance claims with urgency language like “limited slots” is a sales pattern, not a research one. Treat any urgency to join quickly as a reason to slow down, not speed up.
Combining performance claims with urgency language like “limited slots” is a sales pattern, not a research one. Treat any urgency to join quickly as a reason to slow down, not speed up.
Vanshika Dutt Service Claims: Promising Language vs Real Guarantees
Beyond the pricing and the complaint tables, a handful of lines on her site are worth reading with your guard up.
None of these are outright false. They lean toward a result no analyst can actually promise.
1. “Actionable Guidance” and “Never Miss Important Opportunities”
These two phrases frame her calls as urgent, must-act information, rather than one analyst’s research to weigh alongside your own judgment.
2. “Growth Potential” and “Risk-Adjusted Returns,” Used for Her “Smart Picks”
“Smart Picks” is her name for a stock-idea feature, not a description of a method.
Paired with “growth potential and risk-adjusted returns,” it reads as a sales pitch for that feature rather than a plain account of what the research covers.
3. “Navigate the Markets with Confidence”
Confidence is a feeling, not an outcome.
No research service can guarantee the market will actually move in your favour.
4. Helping Investors “Achieve Strategic Investment Goals” and “Optimize Their Investments”
Both phrases describe an outcome, not a process. Neither explains what her research actually does to get you there.
None of these four claims promise a guaranteed return outright. Together, they build an impression of reliable outcomes that a research service, by its nature, cannot actually guarantee.
Her Terms also carry a broad liability clause.
She excludes liability for direct, indirect, incidental and consequential losses arising from reliance on her research reports, recommendations or model portfolios.
Know the extent of that limitation before you rely on any single call.
Her Terms also state that AI may be used in generating or supporting research outputs, with the extent disclosed “whenever material changes occur,” rather than stated upfront today. Ask what proportion of her current research involves AI.
One point in her favour: the Refund Policy states no breakage fee or penalty applies on a pro-rata refund if her registration is suspended or the service is cancelled.
That’s a clear, investor-friendly term worth acknowledging directly.
How to Complain Against Vanshika Dutt?
Everything above points to the same fix: get a straight answer from Vanshika Dutt herself before you decide anything.
Start with a direct question in writing. Ask her to explain the FY 2024-25 complaints, the 23-versus-28 total, and the checkout handling fee, all in one email to [email protected].
Keep her reply, or the lack of one, as your record.
If that doesn’t resolve things, a SEBI SCORES complaint puts your grievance on file with the regulator directly.
Where SCORES alone doesn’t settle it, SMART ODR registration brings in a neutral conciliator.
The final stage, Share Market Arbitration, ends in a binding ruling rather than a request.
Disclaimer: This page is based on Vanshika Dutt’s own published material and independently checked sources. No SEBI order against her appears in what we reviewed. Check every detail yourself before acting. This is information, not legal or financial advice.
Conclusion
Vanshika Dutt’s SEBI registration, INH000022251, is genuine, and her three research plans stay well under the fee ceiling.
What needs your attention sits around that. Checkout adds a fee her own pricing page doesn’t mention, her complaint board reports cases from before her registration began, and her own tables give two different totals for the same years.
Ask for the final price and a reconciled complaint count in writing before you subscribe.
Report. Recover. Stay Fraud Free.
Yes, registration INH000022251, valid since July 2025. It's confirmed on her own site and on an independent directory of Delhi-based analysts. Her checkout page adds an internet handling fee of roughly ₹1,147 on the Annual Plan, which isn't mentioned on the pricing page itself. Her complaint board reports 16 complaints for FY 2024-25, a year that ended before her stated July 2025 registration date. The site doesn't explain this, so ask her directly. Not cleanly. Her annual table totals 23 complaints; her unique-client table totals 28 for the same years, and her monthly and annual figures for FY 2026-27 also disagree. Her Terms allow it, and say the extent will be disclosed when material changes occur, rather than stating the current extent upfront. Ask directly what part of her research today involves AI.Frequently Asked Questions
Add us as a preferred source on Google »
