Star India market research is an Indore based investment and stock advisory company. It is one of the very few stock market research firms in India that have been penalized multiple times due to various reasons including pushing risky investments, cheating its clients, cross-bracket advisory and more.
In fact, very recently its director Mr Dharmendra Lodhi has been arrested by the Indore police in a stock market forgery case. Furthermore, now their website is showing that for “some technical reasons”, we have stopped providing services for a few days.
We will talk about all of this and more about this research firm in this detailed review here:
Star India Market Research Review
It provides research in the stock market segments such as cash (or Equity), F &O traded in NSE and BSE, Commodity market – base metal, metal, Agri commodity traded in MCX, NCDEX exchange and FOREX market- currency traded in the forex market.
Calls are given by the company not only on the basis of technical analysis, but it goes through fundamental analysis also. Investors are provided with research reports and calls so that they can take benefit from the market.
The company was founded on 15 October 2015 and currently, the firm has a total employee base between 251-500.
Star India Market Research Services
As mentioned above, the advisory firm provides a variety of services across the trading segments. Following are the details on the list of services provided by the company:
Here is the list of pricing for different services offered by the company.
Star India Market Research - Pricing
Star India Market Research - Pricing
Monthly Charges (₹)
Quarterly Charges (₹)
Half-Yearly Charges (₹)
Yearly Charges (₹)
Stock cash tips
Stock future tips
Option call-put tips
Base metal tips
Precious metal tips
Nifty/bank nifty tips
Star India Pariwar basic plan
Nifty option Tips
MCX gold option tips
Stock future BTST/STBT tips
Stock cash BTST tips
Star short term
Star bulls eye plan
Star one short plan
Star multi bagger
Circuit plan (Stock Cash)
Stock Cash platinum Tips
Stock future platinum tips
Stock option platinum tips
Stock cash premium tips
Stock future premium tips
Stock option premium tips
NCDEX premium tips
Energy premium tips
Star India Pariwar premium plan
Blue Chip tips
Stock cash power
Stock option power
Stock future power
As you can see, most of the above-mentioned advisory services are pretty expensive in nature. Star India Market Research has almost no plans at beginner or in other words, at the basic level for traders who would want to start small initially.
Such pricing methodology may actually be harming the business of this research firm since the overall pool of potential clients becomes limited.
Star India Market Research Refund Policy
The company has ‘NO REFUND & CANCELLATION POLICY’. The company offers a free trial period to the clients so that they can evaluate the services of the company.
That is why the company believes that all sales are final and no refund and cancellation will be made, once the service has been subscribed to the company.
Star India Market Research Free Trial
This advisory firm offers a free trial to its potential client base. This trial is valid for the duration of 1 day.
It makes total sense to make the best use of this trial period so that you get a reasonable idea about the quality of tips provided by Star India Market Research.
As mentioned above, the advisory service provides no refund. Thus, while you use the trial, you will get a fair bit of an idea about whether you should be availing their service(s) or not.
To avail the free trial, you just need to provide your basic contact details and the trial will be initiated for you.
Star India Market Research Payment Method
You can make an online payment for any of the services of star India market research. Payment can be made through State bank of India, ICICI Bank Ltd. and HDFC Bank Ltd.
Star India Market Research App
This research firm also provides a mobile app to its clients so that the tips can be availed directly from the app.
The app has seen more than 10,000 installs since its launch which is a pretty reasonable number. Furthermore, the app looks easy to use with a smooth design.
Here is how it looks like:
Here are some of the concerns raised by the users who have used this app for advisory:
The consumers of star India market research have not given a good rating to the company. Talking from a general perspective, the firm has just not received a lot of negative reviews but also hammerings from different regulatory bodies.
Some of those are listed below:
SEBI penalizes Star India market research ₹40 Lakhs for pushing HNI advisory to young and old clients outside the income bracket needed.
Indore police arrest Star India market research director Dharmendra Lodhi in a fraudulent case.
From the time of its director’s arrest, the firm has stopped operating and are looking at further proceedings.
In other words, do not opt for the advisory service provided by Star India Market Research until there is some clarity in this case.
Star India Market Research Customer Care
The advisory firm provides support to its clients through:
The communication methods are very limited. There is no provision to a toll-free number, web-chat, Whatsapp messaging as all these methods come with much quicker turnaround time.
The worst part is that the firm requires 3 business days as the turnaround time for email communications.
Nonetheless, as mentioned above, the firm will not be providing any customer support till the time they resume their operations.
The company has different types of plans and service charge. All suits to a different segment of clients. They also offer a free Trail. So, Investors and clients should check their requirements and quality of service before taking any subscription.
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