Who Are SEBI Registered Research Analysts?
A SEBI registered research analyst is an individual or entity authorized by the Securities and Exchange Board of India to provide investment research, recommendations, and insights in the financial markets.
To get registered, analysts must:
Meet strict qualification criteria
Follow compliance and disclosure norms
Maintain transparency in their recommendations
In a market full of unverified tips and “finfluencers,” SEBI registration acts as a reliability filter.
That’s exactly why AlgoTest brings you RA Algos, a curated strategy marketplace built by expert, verified traders.
With RA Algos, you don’t just follow strategies; you validate them yourself. Backtest on historical data, forward test in real-time for free, and only then take them live with confidence.
Discover smarter, data-backed trading today.
Explore RA Algos here: https://algotest.in/ra-algos
Featured SEBI Registered Analysts on AlgoTest
1. Raghav Malik (SEBI INH000021553)
Raghav Malik is a former professional options trader and also the founder of AlgoTest with experience in high-speed US markets, where success depends on discipline, mathematical precision, and strong risk control.
As a SEBI registered research analyst, he focuses on simplifying professional trading concepts and helping Indian traders avoid common retail mistakes.
2. Mohit Goyal (SEBI INH000024019)
Mohit Goyal is a Chartered Accountant with over 14 years of experience, specializing in financial analysis, valuation, and market behavior.
His approach is data-driven and risk-conscious, focusing on transparency, consistency, and disciplined investing.
3. TRADERS CIRCUIT (SEBI INH000019859)
TRADERS CIRCUIT is a research-driven entity focused on structured and systematic trading strategies across index markets.
Their approach emphasizes disciplined execution and rule-based systems designed for consistency in trading.
4. Utkarsh Bhargava (SEBI INH000021225)
Utkarsh Bhargava is known for a simplified and focused approach to trading in derivatives.
His strategies reflect clarity, discipline, and structured execution.
5. Sasikumar Peyyala (SEBI INH000019327)
Sasikumar Peyyala is a SEBI registered research analyst with over 9 years of experience, specializing in AI and machine learning-driven trading strategies.
With a strong background in quantitative analysis and algorithmic trading, he focuses on building data-driven models to simplify complex market decisions.
6. Latesh Narula (SEBI INH000016269)
Latesh Narula is a SEBI registered research analyst with over 18 years of trading experience and a strong focus on options and algorithmic trading.
With a deep foundation in finance and quantitative research, he builds data-driven strategies focused on risk-adjusted returns.
7. Hitesh Somani (SEBI INH000010645)
Hitesh Somani focuses on structured intraday trading strategies, particularly in the Sensex segment, with an emphasis on systematic execution.
His approach revolves around consistency and disciplined rule-based trading across different market sessions.
8. Vimal K Mutha (SEBI INH200007724)
Vimal K Mutha focuses on options-based trading strategies across Nifty and Sensex, with an emphasis on systematic execution.
His approach is centered around structured setups and disciplined risk management in derivatives trading.
9. Ravi Raja (SEBI INH000024347)
Ravi Raja focuses on quantitative and directional trading strategies across indices, including intraday and short-term setups.
His approach is built around structured systems and disciplined execution for active traders.
10. Sparsh Jindal (SEBI INH000015367)
Sparsh Jindal specializes in options selling and theta-based strategies in the derivatives market.
His approach emphasizes consistency, structured execution, and disciplined risk management.
11. Multyfi (SEBI INH000013475)
Multyfi, led by Rachit Chawla, focuses on quant-based trading strategies across equity, F&O, and commodities.
Their approach is fully system-driven, combining data-backed models with structured execution.
12. Vishal Trehan (SEBI INH000016816)
Vishal Trehan brings experience across consulting, banking, and private equity, with a transition into systematic trading.
His approach focuses on rule-based strategies to eliminate emotional bias and ensure disciplined execution.
13. Prashant Pareek (SEBI INH000021216)
Prashant Pareek focuses on building structured trading strategies across indices and midcap segments.
His approach emphasizes systematic execution and risk-managed trading frameworks.
14. Vivek Prashant (SEBI INH200006929)
Vivek Prashant is a SEBI registered research analyst with over 10 years of experience in financial markets.
He specializes in structured derivatives trading with a focus on disciplined execution.
15. Amit Goenka (SEBI INH000017930)
Amit Goenka is a full-time trader and SEBI registered research analyst with extensive experience in options trading since 2007.
His approach is built on a deep understanding of options behavior and structured trading strategies.
16. Finkhoz (SEBI INH000022297)
Finkhoz focuses on index-based trading strategies with a structured and systematic approach.
Their strategies are designed for disciplined execution with clearly defined setups and risk parameters.
Explore All RA Strategies
To view, compare, and deploy strategies from all SEBI registered analysts on AlgoTest, visit:
https://algotest.in/ra-algos
Official SEBI Research Analyst List
To verify any research analyst, you can refer to the official list published by the
Securities and Exchange Board of India.
This helps ensure:
The analyst is officially registered
Their registration number is valid
They follow regulatory compliance
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Final Thoughts: Explore SEBI-Registered Research Analysts on AlgoTest
Choosing a SEBI-registered research analyst gives you access to structured research from a professional who must follow regulatory and disclosure requirements. However, SEBI registration does not guarantee returns or mean that SEBI endorses a strategy.
Before selecting an RA strategy, you should:
Verify the analyst on the official SEBI Research Analyst list
Understand the strategy rules and risks
Review returns, drawdown and trading costs
Backtest it across different market conditions
Forward test it before using real capital
RA Algos on AlgoTest lets you explore strategies from SEBI-registered research analysts, review their performance data, backtest them and observe their behaviour in live markets before deciding whether to deploy them.
Backtested and past performance does not guarantee future results. Choose a strategy based on your capital, risk tolerance and trading goals.
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