Is Scoutstack SEBI registered?

Yes. Scoutstack Technical Research is SEBI Registered Research Analyst with Registration No. INH000006086. RAASB: BSE Limited.

What segments does Scoutstack cover?

Scoutstack covers Stock Cash (NSE), Index Options (BankNifty/Nifty CE/PE), Index Futures, Stock Futures, Stock Options, and Commodity segments.

Can I cancel my subscription?

Yes. Cancel anytime — no lock-in. You receive a pro-rata refund for the unused portion of your subscription, processed within 15 working days.

What is the subscription fee for Scoutstack?

Individual segment plans start from ₹799/month. Combo packs from ₹1,499/month. All plans are well within the SEBI fee cap of ₹1,51,000 per annum per family.

How are research calls delivered?

Calls are delivered via the Scoutstack mobile app and WhatsApp. Each call includes Entry price, Target, Stop Loss and Risk:Reward ratio.

Does Scoutstack cover BankNifty and Nifty options?

Yes. Index Options (BankNifty CE/PE, Nifty CE/PE, Sensex CE/PE) is one of the most active segments with 0–3 research calls per day. OI and IV analysis is included on every call.

Is Scoutstack available for commodity trading?

Yes. Scoutstack covers MCX commodity segments including Bullions (Gold, Silver), Base Metals (Copper, Zinc, Aluminium) and Energy (Crude Oil, Natural Gas).

Research Analyst vs Investment Advisor: What Every Indian Investor Must Know

Understanding the difference between a SEBI-registered Research Analyst and an Investment Advisor can protect your money and help you make smarter financial decisions.

Many investors use the terms "Research Analyst" and "Investment Advisor" interchangeably — and honestly, yeh ek bahut common confusion hai. Both sound like they help you with money decisions, and both require SEBI registration. But they are legally distinct roles with very different responsibilities, boundaries, and regulations. Knowing the difference is not just academic — it directly affects how you should use the guidance each one provides.

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Who Is a Research Analyst (RA)?

A Research Analyst is an individual or entity registered with SEBI under the SEBI (Research Analysts) Regulations, 2014. Their primary function is to produce and publish research reports — analysis on securities, sectors, macroeconomic trends, or financial instruments.

Think of a Research Analyst as someone who studies the market deeply and shares their findings and views in a structured, transparent format. Their output is typically:

Equity research reports
Technical analysis notes
Sector or thematic research
Earnings estimates and valuation commentary

Here's the important distinction: a Research Analyst gives recommendations to the general public, not personalised advice to a specific individual. If Scoutstack Technical Research (SEBI RA INH000006086) publishes a research report, it is meant to inform and educate — not to tell you specifically what to do with your portfolio based on your financial situation.

SEBI mandates that Research Analysts disclose conflicts of interest, maintain records, follow a code of conduct, and ensure their recommendations are based on thorough analysis. These regulations exist to maintain quality and accountability in public-facing research.

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Who Is an Investment Advisor (IA)?

A SEBI-registered Investment Advisor operates under the SEBI (Investment Advisers) Regulations, 2013. Unlike a Research Analyst, an Investment Advisor is specifically authorised to provide personalised financial advice tailored to an individual client's needs, goals, risk appetite, and financial profile.

When you sit down with a SEBI-registered Investment Advisor, they are required to:

Assess your risk profile formally
Understand your financial goals (retirement, home purchase, children's education, etc.)
Provide advice that is suitable specifically for you
Charge fees in a transparent, regulated manner
Maintain a fiduciary relationship — meaning they are legally obligated to act in your best interest

Investment Advisors cannot earn commissions from product manufacturers (like mutual funds), which is a significant safeguard against conflict of interest. Their revenue model is fee-based, making their advice theoretically more objective.

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The Key Differences at a Glance

| Parameter | Research Analyst | Investment Advisor | |---|---|---| | SEBI Regulation | RA Regulations, 2014 | IA Regulations, 2013 | | Type of Output | Public research reports | Personalised financial advice | | Knows your profile? | No | Yes — mandated by regulation | | Can charge advisory fees? | Limited scope | Yes, fee-based model | | Can earn commissions? | Subject to disclosure rules | Generally not permitted | | Fiduciary duty? | To public at large | To individual client |

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Why This Distinction Matters for You

Here's where it gets practical. If someone on social media is giving you personalised advice — "aapko yeh stock mein itna paisa lagao" — while claiming to be a Research Analyst, that is a red flag. A Research Analyst is not permitted to provide individualised portfolio advice under their RA registration.

Conversely, if someone is charging you for "research" but is actually making specific investment decisions on your behalf without proper IA registration, that is also a regulatory violation.

Before engaging with any financial professional, always:

Ask for their SEBI registration number and verify it on the SEBI intermediary portal
Understand whether they are registered as an RA, IA, or both
Clarify exactly what service you are receiving — general research or personalised advice
Never make financial decisions based solely on tips, WhatsApp forwards, or unverified social media posts

The regulatory framework exists to protect you. Use it.

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How Scoutstack Technical Research Fits In

Scoutstack Technical Research is a SEBI-registered Research Analyst (INH000006086). Our work involves publishing research, technical analysis, and market commentary for our audience of Indian traders and investors. Our content is informational in nature and is designed to help you develop your own understanding and decision-making framework — not to replace personalised financial advice suited to your individual circumstances.

If you have complex financial planning needs — estate planning, retirement corpus structuring, tax-optimised investing — we strongly encourage you to consult a SEBI-registered Investment Advisor who can assess your specific situation.