Quick Summary
Witty Trades is a SEBI-registered individual Research Analyst practice run by Mohanish Sanghavi, operating as Witty Networks, under registration number INH000008172. Its single-segment subscription plans stay within SEBI’s annual fee cap, but combining two or more segments, or subscribing to any Premium tier, pushes the price well above that cap. Its payment channels are genuinely well documented, and its Compliance Audit page shows four consecutive years of conducted audits. This guide covers the registration, the person behind it, the full pricing structure, and where the fee cap question actually applies.
Witty Trades describes itself as a Premier Research Analyst Provider headquartered in Mumbai, covering Equity Stocks, Stock Futures and Options, and Nifty and Bank Nifty Options.
Its stated approach favours quality over quantity, aiming for one to two trades per segment per day, issued only when a genuine opportunity exists rather than on a fixed schedule.
This review works through the registration, the analyst behind the brand, the pricing structure in full, and how the firm handles payments and complaints.
Witty Trades Review
Witty Trades positions itself around a “Quality Not Quantity” philosophy, delivering trade calls with a clear entry, stop-loss, and target, along with follow-up on recommendations already issued.
The site notes there can be one or two days in a month with no trades issued at all, when no compelling opportunity exists, rather than manufacturing trades to maintain activity.
Its compliance footer is genuinely extensive, including a Disclaimer, Escalation Matrix, Investor Charter, Privacy Policy, an Ad Disclaimer specifically, AML Policy, Compliance Audit records, and a direct link to SEBI’s SMART ODR portal.
The Privacy Policy also states that information collected through the website may be disclosed to other persons, including information technology companies involved in constructing, designing, and maintaining the website.
This is not necessarily unusual, but it is worth noting because investors should understand who may have access to information they submit through the site and for what purposes.
Several of these documents, particularly the standalone Ad Disclaimer, are not something every firm in this space maintains.
Is Witty Trades SEBI Registered?
Yes, Witty Trades is SEBI registered. The website is operated by Witty Networks, proprietor Mohanish Sanghavi, who holds a valid SEBI Research Analyst registration.
Every page checked on the site consistently displays this registration number alongside the standard disclaimer that SEBI registration, BSE enlistment, and NISM certification do not guarantee performance or any assurance of returns- language worth reading as a genuine statement of risk rather than boilerplate to skip past.
Who is Mohanish Sanghavi?
Mohanish Sanghavi is the individual behind Witty Trades, holding the SEBI Research Analyst registration personally as the practice’s proprietor.
The firm’s own Achievements page describes him as having what it calls a decade and a half of experience across Indian and global financial markets, and states he received recognition described as coming from CNBC Networks.
This specific claim is worth reading closely rather than at face value.
The underlying recognition traces to a “Pro Advisory Championship” organised by a company called Advisory Mandi among analysts and advisors across India, with CNBC Awaaz associated as a branding partner for the event.
Mohanish Sanghavi is described as having won this championship as Best Equity or F&O Analyst based on performance and consistency.
A separate claim states that “our Analyst and Advisory Mandi Team” received accolades from the then Minister of State for Finance.
This appears to reference recognition given to the event and its organising team collectively, rather than a government endorsement specifically directed at Witty Trades as a business.
Photographic documentation, including a certificate image and event photos, does accompany these claims, which puts this in a different category from vaguer, entirely unverifiable award claims seen elsewhere in this space.
Even so, it is worth understanding this as recognition from a privately organised industry event with media sponsorship, not a SEBI or government endorsement of the firm’s research quality.
What Does Witty Trades Charge, and Does It Exceed SEBI’s Fee Cap?
Witty Trades runs two pricing structures: a standard set of single-segment plans, and a separate Premium tier.
Standard plans, priced identically across six segments
| Segment | Monthly | Every 2 Months | Quarterly |
|---|---|---|---|
| Equity Traders | ₹9,800 | ₹18,000 | ₹24,000 |
| Stock Futures | ₹9,800 | ₹18,000 | ₹24,000 |
| Swing Traders | ₹9,800 | ₹18,000 | ₹24,000 |
| Index Options | ₹9,800 | ₹18,000 | ₹24,000 |
| Stock Options | ₹9,800 | ₹18,000 | ₹24,000 |
| Midcap Investors | ₹9,800 | ₹18,000 | ₹24,000 |
Combo plans, covering multiple segments together
| Combination | Monthly | Quarterly |
|---|---|---|
| Any 2 segments | ₹18,000 | ₹45,000 |
| Any 3 segments | ₹25,000 | ₹65,000 |
| Any 4 segments | ₹32,000 | ₹80,000 |
| Any 5 segments | ₹39,000 | ₹90,000 |
| All 6 segments | ₹46,000 | ₹99,000 |
Premium plans
| Plan | Monthly | Every 2 Months | Quarterly |
|---|---|---|---|
| Premium Stocks | ₹30,000 | ₹50,000 | ₹70,000 |
| Premium Options | ₹30,000 | ₹50,000 | ₹70,000 |
| Premium Positional | ₹30,000 | ₹50,000 | ₹70,000 |
| Any 2 Premium plans | ₹50,000 | Not applicable | ₹1,20,000 |
| All 3 Premium plans | ₹70,000 | Not applicable | ₹1,60,000 |
SEBI caps Research Analyst advisory fees at ₹1,51,000 per client family per year.
A single standard segment stays within that cap on every billing cycle. The Quarterly rate of ₹24,000 annualises to ₹96,000, and even the Monthly rate at ₹9,800 annualises to ₹1,17,600, both under the ceiling.
The moment a client combines two or more segments, or moves to any Premium tier, the picture changes.
- Any 2 segments, Quarterly annualises to ₹1,80,000, above the cap.
- Any 3 to all 6 segments annualise to between roughly ₹2,60,000 and ₹5,52,000, well above the cap on every combination.
- Every Premium plan, at every billing cycle, annualises to between roughly ₹2,80,000 and ₹8,40,000.
This is a more graduated pattern than firms where every single plan breaches the cap. A client who genuinely only needs one segment can stay compliant with SEBI’s fee structure here.
The moment the pitch moves toward a combo or Premium tier, that changes, and it is worth asking Witty Trades directly whether that specific combined plan has been structured with SEBI’s cap in mind before you subscribe to more than one segment at once.
How Does Witty Trades Handle Payments?
This is a genuine positive worth crediting directly. The Payment Options page lists five distinct official channels, each clearly labelled.
- Bank transfer (NEFT, IMPS, UPI): paid to account holder “Witty Networks,” ICICI Bank, Juhu Branch, Mumbai, with the full account number and IFSC code published.
- UPI ID or UPI number: a named UPI handle and a separate UPI number, explicitly noted as distinct from any personal mobile number.
- UPI scan code: a QR code provided directly on the page.
- Credit card or payment gateway: processed through a linked form, with a clearly disclosed 2 percent convenience fee.
- Cheque or demand draft: deposited directly at any ICICI Bank branch.
Every channel routes to the firm’s own named business account, “Witty Networks,” rather than an individual’s personal account, which is exactly the kind of transparency the broader industry’s payment-safety warnings exist to encourage.
This is worth comparing favourably against firms reviewed elsewhere that surface no account details at all before payment.
What Do Witty Trades’ Complaints Look Like?
Witty Trades describes a two-step escalation process for clients with concerns. The first step is contacting customer care, with a stated resolution window of 48–72 working hours.
If the issue remains unresolved, the client can escalate it through a written email complaint, with a stated response window of up to 7 working days.
The firm’s Compliance Audit page also shows four consecutive years of conducted audits, FY 2021–22 through FY 2024–25, each marked with no remarks.
The website also publishes an annual disposal-of-complaints table, showing the following:
| Year | Carried Forward | Received | Resolved | Pending |
|---|---|---|---|---|
| 2020–2021 | 0 | 0 | 0 | 0 |
| 2021–2022 | 0 | 0 | 0 | 0 |
| 2023–2024 | 0 | 0 | 0 | 0 |
| 2024–2025 | 0 | 0 | 0 | 0 |
| 2025–2026 | 0 | 1 | 1 | 0 |
| 2026–2027 | 0 | 1 | 1 | 0 |
The published figures show no pending complaints, with one complaint received and resolved in each of 2025–26 and 2026–27.
Overall, the table indicates that the complaints recorded in the two latest listed years were resolved rather than carried forward as pending matters.
What Do the Telegram Performance Claims Show?
Public Telegram posts associated with WittyTrades.com also contain performance-oriented claims that are worth examining alongside the firm’s other promotional material.
“Booked Profits” Claim
The first Telegram post highlights a completed trade with the statement “Booked Profits” and suggests that clients benefited from the same trade.
While this demonstrates a successful outcome being publicly highlighted, it does not establish that comparable results were consistently achieved across clients.
“100% ROI in 1hr” Claim
A separate Telegram post highlights a recommended trade and describes it as generating “100% ROI in 1hr.”
A short-term return claim of this magnitude can create strong performance expectations and should not be interpreted as a typical or assured outcome for clients.
How to File a Complaint Against Witty Trades?
If your experience with Witty Trades did not match its stated escalation timeline, or you have questions about how a combo or Premium plan’s pricing was structured against SEBI’s cap, start by saving your subscription confirmation and any correspondence with the firm’s support team.
Reading through the general complaint against SEBI registered research analyst process first will help you understand what to expect at each stage of escalation.
Follow the firm’s own two-step process first, calling customer care before escalating to a written email complaint, and keep a dated record of both.
If that does not resolve the matter, the SEBI SCORES portal is where you file formally, citing registration number INH000008172 and attaching your documentation.
Keep the acknowledgement SEBI issues once your complaint is registered, since you will need that reference number for any further escalation.
Should SCORES not bring resolution, the SMART ODR login offers structured online conciliation between you and the firm, a route Witty Trades itself links directly from its own site footer.
If conciliation does not resolve your dispute, formal stock market arbitration remains the final step available to you.
Considering a combo or Premium plan with Witty Trades and unsure how it holds up against SEBI’s fee cap?
We review your subscription tier, payment history, and plan structure to identify exactly where the gap sits, then help you build a complaint SEBI will actually act on. Register with us for a free consultation.
Disclaimer: This review is based on publicly available information from Witty Trades’ own website and SEBI’s public register, and does not constitute a SEBI finding or investment advice. Verify all current pricing, registration, and complaint-handling details directly with the firm and with SEBI before making any decision.
Conclusion
Mohanish Sanghavi, operating as Witty Networks under the Witty Trades brand, holds a genuine SEBI Research Analyst registration under INH000008172, with a payment structure and audit history that compares favourably against several firms reviewed in this space.
At the same time, the fee cap question is real once a client moves beyond a single segment; its award claims trace to a privately organised industry event rather than a regulatory endorsement, and this review could not locate a numeric complaint disclosure table on the pages checked.
If you only need one segment, the pricing here stays within SEBI’s cap.
The moment a combo or Premium plan enters the conversation, ask directly how that specific plan is structured against the ₹1,51,000 annual limit before you pay.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
Yes, registration number INH000008172 is valid, held individually by Mohanish Sanghavi under the business name Witty Networks. Genuine registration does not resolve the combo-plan pricing question this review covers.
Only above a certain point. Single-segment plans stay within the ₹1,51,000 annual cap on every billing cycle. Combo plans covering two or more segments, and all Premium plans, annualise well above it.
The underlying recognition traces to a privately organised "Pro Advisory Championship" with CNBC Awaaz as a branding partner, not an independent award bestowed directly by CNBC or by SEBI. Photographic documentation does accompany the claim.
It publishes five official payment channels, including bank transfer, UPI, and card payment, all routed to its named business account, Witty Networks, rather than a personal account, which is a genuine transparency positive.
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