Four research reports. All four on day one.

The plan at a glance

Plan

One research plan — no tiers, no add-ons

Research reports

Four, one company each — all delivered together

Horizon researched for

About five years for each recommendation

Fee

₹1,50,000 + GST at 18% (₹27,000) = ₹1,77,000, paid once

Payment

In full, before the reports are sent, only through banking channels

Delivery

All four reports by email, on the day your payment reaches me

If my view changes

A short note by email, free of charge, if my view on any of the four companies changes materially within 12 months

How often

Once per family in any 12 months, within SEBI’s fee limit

Renewal

Nothing renews or is charged automatically

Refunds

None once the reports are delivered; a full refund if they are not — see the refund policy

What you receive

Four research reports, on day one

All four reports are sent to you together, by email, on the day your payment reaches me — one company each, chosen because it meets the standards described on the approach page. Each report states its date and the information it relies on.

A five-year lens

Each recommendation is researched for a holding horizon of about five years. That is an assumption of the research, not a promise about prices: share prices can fall sharply and can stay below fair value for long periods.

A complete written report

The business and its industry, management and governance, ten years of financials, the valuation at the time of the recommendation, the key risks and review triggers — and every disclosure required under the SEBI (Research Analysts) Regulations, 2014.

A note if my view changes

If, within twelve months of your payment, my view on any of the four companies changes materially — for example, a downgrade or an exit — you receive a short note by email saying what changed. These notes are a courtesy and carry no charge; the fee is for the four reports.

What is not included

• No intraday, F&O, derivatives or short-term trading calls.
• No portfolio management. I never handle client funds or securities, and never ask for access to your trading, demat or bank accounts.
• No personalised investment advice or financial planning. The research is the same for every client.
• No assured, guaranteed or fixed returns of any kind.
• No trials, discounts or incentives tied to subscribing.

Fees and payment

The fee is ₹1,50,000 plus GST at 18% (₹27,000) — ₹1,77,000 in all — paid once, before the reports are sent. It covers all four research reports, which you receive together on the same day. Nothing renews or is charged automatically.

SEBI limits the fees a research analyst may charge individual and HUF clients to ₹1,51,000 per family per year, excluding GST and other statutory charges. Fees are counted per family (you, your spouse, dependent children and dependent parents), so the plan can be taken once per family in any 12 months.

• Pay only through banking channels — NEFT, RTGS, IMPS, UPI or cheque — to an account in the name of Manish Goel. Cash is never accepted.
• Payment details are shared by email only after your KYC is complete and you have accepted the Terms of Service and MITC.
• If anyone asks you to pay into any other account or person, do not pay — write to mnshgoyal@gmail.com instead.
• A tax invoice is issued for the payment.

Refunds

• Once the four reports have been delivered, the service you paid for is complete and the fee is not refundable.
• If you cancel before the reports are sent, or I cannot send them, the full fee (₹1,77,000) is refunded — no cancellation or other charge.
• If my registration were suspended or cancelled before the reports are delivered, the full fee would be refunded.
• Refunds are made to the bank account the fee was paid from, within 7 working days.

Read the refund policy

Questions people ask