Research that earns its price — or it's not worth your time.
You are already paying for research — in broker fees, in sponsored content, in conflicted opinions that sound authoritative. Desvelado charges a research fee and earns nothing else.
SEBI RA Reg. No. INH000028723 · BSE RAASB Enlistment No. 7338 · Fees are never performance-linked
Choose your research depth.
Annual fees, every one of them inside the SEBI ceiling of ₹1,51,000 per client per year, excluding GST. Billed quarterly, never more than one year in advance — and nothing is charged on day one.
Complimentary
Always
Free to read. No payment details required.
Open to everyone — no payment
- Educational explainers and concept content
- General market commentary and factual recaps
- Statistical summaries and broad-based index discussion
- Investor-literacy material
One complimentary week per email address. No card, nothing renews.
Starter
per year, excluding GST
Billed quarterly. Never more than one year in advance.
Individuals and HUFs building a first research habit
- 1 strategy stream
- App access
- Client community
- Research archive
Growth
per year, excluding GST
Billed quarterly. Never more than one year in advance.
Active investors who want structure across more than one approach
- 2 strategy streams
- 1 model portfolio — Core Compounders
- App access
- WhatsApp alerts
- Research archive
Signature
per year, excluding GST
Billed quarterly. Never more than one year in advance.
Investors who want the full Vantage coverage and desk access
- 3 strategy streams
- 2 model portfolios — Core Compounders and Momentum Rotation
- App access
- WhatsApp alerts
- Live desk hours
- Research archive
Where the free tier stops.
The marked row is the wall. Everything above it is education and outreach and is open to anyone with no account. Everything below is a research service and needs KYC, a signed agreement and a fee.
The three rows either side of the wall are generated from the plan register rather than written here, so what a tier actually entitles you to and what this table claims cannot drift apart.
| Feature | Signal Free | Starter ₹17,999 / yr | Growth ₹47,999 / yr | Signature ₹99,000 / yr |
|---|---|---|---|---|
| Live markets newsroom | ||||
| Daily Note (pre-market) | ||||
| Stock screener — 2,000+ NSE | ||||
| Bulk & block deal tracker | ||||
| 24/7 live broadcast channel | ||||
| Filings — scored by materiality | ||||
| Weekly newsletter | ||||
| Educational explainers & market commentary | ||||
| Research recommendations on named securities | — | |||
| Strategy streams | — | 1 | 2 | 3 |
| Model portfolios (baskets) | — | — | 1 | 2 |
| Equity research notes | — | |||
| Earnings & filing breakdowns | — | |||
| Sector & thematic reports | — | |||
| Research archive | — | |||
| Client portal | — | |||
| Client community | — | |||
| WhatsApp alerts | — | — | ||
| Live desk hours | — | — | — |
Prices exclude GST. Fees for individuals and HUFs are capped at ₹1,51,000per annum as prescribed by SEBI, and every plan above is priced within it. Everything above the marked row is education and outreach, open to anyone; everything below is a research service requiring KYC and a signed agreement. No payment on day one.
Accredited, or not an individual?
Meridian is the private desk — for accredited investors holding a valid SEBI accreditation certificate, and for companies, LLPs, trusts, AIFs, PMS and family offices. Fixed annual retainers, bespoke per mandate, and single commissioned reports where a retainer is more than you need.
We do not publish those fees, because a mandate is priced to what it actually involves. The retail ceiling does not apply — but only once the accreditation certificate or entity documents are on file.
Tell us the mandate and we will send indicative ranges and the scope we would propose. No commitment, and no fee is quoted before we understand the question.
You are already paying for someone's research. Make sure it is yours.
No mandate, no conflict
No broker desk, no corporate access fees, no distribution commissions. The only income is the research fee.
Everything disclosed — upfront
Analyst holdings, compensation from the subject company, market making and beneficial ownership, on every report. At the top, not in a footnote.
CA + CFA lens on every number
Forensic accounting, DuPont and cash flow quality — from a Chartered Accountant and CFA Program candidate, not a generalist content team.
A view, not a data dump
Written for the person making a decision. What we think, why, and what would make us wrong.
Before you decide.
Nothing is charged today. Tell us who you are and what you need; KYC and the signed agreement come before any payment, and there is no card and no auto-billing at this stage.
Or write to clientsupport@desvelado.in.
Is Desvelado SEBI registered?+
Yes. Desvelado is a SEBI-registered Research Analyst under Reg. No. INH000028723, registered under the SEBI (Research Analysts) Regulations, 2014, and enlisted with RAASB (operated by BSE Limited) under Enlistment No. 7338. You can verify the registration on SEBI's public register.
What is the difference between Vantage and Meridian?+
Vantage is for individual and HUF clients — standardised annual subscriptions priced inside the SEBI fee ceiling. Meridian is for accredited investors holding a valid accreditation certificate and for non-individual entities (companies, LLPs, trusts, AIFs, PMS, family offices) — fixed annual retainers, bespoke per mandate. Meridian fees may sit above the retail ceiling only once the accreditation certificate or entity documents are on file.
Do you charge a share of my profits?+
No, and we are not permitted to. Fees are fixed and are never performance-linked or profit-sharing. We also never execute trades, hold client funds or securities, or ask for trading, demat or bank credentials or OTPs.
Is this personalised investment advice?+
No. Our research reports are investment research under the SEBI RA Regulations and represent our analyst's independent assessment of securities. They are disseminated to all subscribers of a service at the same time. For advice tailored to your financial situation, consult a SEBI-registered Investment Adviser.
When do I pay?+
Not on day one. KYC, the signed research services agreement with Annexure B and MITC, and consent capture are all completed before any paid research is delivered — payment alone does not entitle anyone to research output. Pro-rata refunds apply on early termination with no breakage fee; see the Refund and Cancellation Policy.
How do I raise a complaint?+
Email grievance@desvelado.in. We acknowledge within 3 working days and resolve within 21 days per the SEBI Investor Charter dated 2 June 2025. Unresolved complaints can be escalated to SEBI SCORES (scores.sebi.gov.in) or Smart ODR (smartodr.in).