SEBI registration
- Name as registered with SEBI
- SM Research Services Pvt Ltd
- Brand name
- Investace Capital
- Type of registration
- Research Analyst (non-individual)
- SEBI registration no.
- INH000017736
- Registration validity
- 19 July 2024 – 18 July 2029
- Supervisory body
- BSE Limited, the Research Analyst Administration body (RAASB) · Enlistment No. 6315
- AMFI registration
- Mutual Fund Distributor · ARN-330134
- GST no.
- 27ABMCS6389J1ZF
- Registered & correspondence office
- A G Shed, Ground Floor, 38, Krishna Krupa, Gokhale Road (North), Dadar West, Mumbai, Maharashtra 400028
Registration granted by SEBI, enlistment with BSE and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Legal disclaimer & disclosures
This website is operated by SM Research Services Pvt Ltd (“SM Research”). Investace Capital is a brand name of SM Research Services Pvt Ltd. SM Research is registered with SEBI as a Research Analyst and publishes non-personalised research.
We are not registered as an Investment Adviser or a Portfolio Manager and we do not provide investment advice tailored to any individual’s financial situation, investment objectives or risk tolerance. All research reports and model portfolios are published for informational purposes only and do not constitute a solicitation or recommendation to buy or sell any security.
Past performance is not indicative of future results. Consider whether any recommendation is suitable for your particular circumstances and, if necessary, seek independent professional advice.
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Research & distribution
SM Research offers two separate activities under separate registrations:
- Research services (AlphaLeap model portfolio and Investace Research) are provided as a SEBI-registered Research Analyst, INH000017736, for a disclosed subscription fee.
- Mutual fund distribution (Investace Mutual Funds) is offered as an AMFI-registered Mutual Fund Distributor, ARN-330134, and is separate from research services.
Mutual fund investments are subject to market risks; read all scheme-related documents carefully before investing.
Grievance redressal
If you have a complaint, please write to us first. We aim to acknowledge every complaint promptly and resolve it within the timelines prescribed by SEBI.
- Contact us: email research@investacecapital.com or call/WhatsApp +91 91520 03034 (10:00 AM – 6:00 PM, Monday to Saturday).
- Principal & compliance officer: Siddhesh Pednekar, at the same contact details.
- SEBI SCORES: if you are not satisfied with our response, you may lodge a complaint on scores.sebi.gov.in.
- Online dispute resolution: unresolved disputes may be taken to the Smart ODR portal at smartodr.in.
Our Investor Charter and monthly complaint data are published on the AlphaLeap site.
Compliance audit status
As a SEBI-registered Research Analyst, SM Research is subject to an annual compliance audit under the SEBI (Research Analysts) Regulations, 2014. For the status of the latest audit, write to research@investacecapital.com.
Do’s & don’ts for investors
Do
- Deal only with SEBI-registered intermediaries and verify the registration number on the SEBI website.
- Pay research fees only through banking channels to the registered entity, and keep the receipt.
- Read the terms, fees and refund policy before subscribing.
- Ask for and read the rationale behind every recommendation.
- Raise any complaint with us first, then on SEBI SCORES if unresolved.
Don’t
- Don’t share your trading or demat login credentials with anyone, including us.
- Don’t act on assured, guaranteed or fixed-return promises — no registered analyst can make them.
- Don’t pay in cash or to personal accounts.
- Don’t invest based on tips received through unsolicited calls, messages or social media.
Advertisement disclaimer
Content on this website, our social channels and our publications is for education and information. It is not an offer, solicitation or recommendation to buy or sell any security. Any performance figures shown are historical or illustrative and are not a promise of future returns. Registration granted by SEBI, enlistment with BSE and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Accessibility statement
We want this website to be usable by everyone. Pages are built to WCAG 2.1 AA: text meets colour-contrast requirements in both dark and light themes, every control is reachable by keyboard with a visible focus ring, images carry text alternatives, and animation is reduced when your device asks for reduced motion.
If anything on the site is hard to use, email research@investacecapital.com and we will help and fix it.