Important Update: On 31 December 2019, SEBI issued an order against Ripples Advisory Private Limited and its past and present directors to immediately crease and desist from acting as an investment advisor as well as from accessing securities market, either directly or indirectly.
Indore-based Ripples Advisory is a leading name among research and advisory firms in India. Established in May 1989, the firm has been a SEBI registered investment advisor since June 2015. As such, it has been around for quite some time and offers a range of services in the Equity, Commodity and Currency segments. This Ripples Advisory Review is aimed at finding out more details about its service offerings, subscription fees, target customers, and other important features.
Ripples Advisory Details
| SEBI registration number | INA000003049 (Investment Advisor) |
| Free Trial | Yes (1 day) |
| Mobile App | No |
| Complaints | Yes (Very high) |
| Services across segments | Yes (Equity, Commodity, Currency) |
| Intraday Services | Yes |
| Pricing (Subscription Fees) | High |
Ripples Advisory Review: Services
Ripples Advisory offers a wide gamut of services which are aimed at intraday traders, institutional investors, high networth individuals (HNIs) and retail investors. As mentioned above, the company’s products and services are spread across different segments of market including equity, currency and commodity. The firm offers the following services:
Equity Services
- Stock Option
- Premium Stock Option
- Stock Cash
- Premium Stock Cash
- Premium Stock Future
- Cash circuit Call
- Supersonic Cash
- Supersonic Future
- Blue Chip
Commodity (MCX and NCDEX) Services
- Agri-commodity
- MCX Power Pack
- MCX Option
HNI and Platinum Services
- MCX HNI
- Stock Cash Platinum
- Stock Future HNI
- Bullions Platinum
- Muhurat Trading Call
Index and Currency Services
- Precious Metal (Gold + Silver)
- Base Metal and Energy
- Stock Future Platinum
- Premium MCX
- Inventory Calls
- Stock Option Platinum
- HNI Cash
- BTST and STBT Services
- Future Circuit Call
- Nifty Future
- Currency Premium
- Bank Nifty
- Nifty Option
- Currency
- Currency Premium
Read Also: How to benefit from shareholder reservation in IPOs
Ripples Advisory Review: Subscription Fees
Equity Services
| Service | Call Frequency | Monthly Cost (INR) | Quarterly Cost (INR) | Half-yearly Cost (INR) |
| Stock Option | 4 – 5 calls per day | 7,900 | 18,900 | 25,900 |
| Stock Cash | 3 – 4 calls per day | 11,000 | 27,000 | 51,000 |
| Premium Stock Future | 1 – 2 calls per day | 15,000 | 36,000 | 60,000 |
| Cash Circuit Call | 1 – 2 calls per day | 1,01,000 | 2,51,000 | 4,00,000 |
| Blue Chip | 2 – 4 calls per day | 18,000 | 48,000 | 85,000 |
MCX & NCDEX Services
| Service | Call Frequency | Monthly Cost (INR) | Quarterly Cost (INR) | Half-yearly Cost (INR) |
| Agri Commodity | 3 – 4 calls per day | 15,900 | 35,900 | 59,900 |
| MCX Power Pack | 3 – 4 calls per day | 1,50,000 | ||
| MCX Option | 1 – 2 calls per day | 5,000 | 12,500 | 22,500 |
HNI & Platinum Services
| Service | Call Frequency | Monthly Cost (INR) | Quarterly Cost (INR) | Half-yearly Cost (INR) |
| MCX HNI | 1 – 2 calls per day | 45,000 | 1,15,000 | 1,85,000 |
| Stock Cash Platinum | 2 – 3 calls per day | 1,10,000 | 2,75,000 | 4,50,000 |
| Stock Future HNI | 3 – 4 calls per day | 39,900 | 99,900 | 1,49,900 |
Index & Currency Services
| Service | Call Frequency | Monthly Cost (INR) | Quarterly Cost (INR) | Half-yearly Cost (INR) |
| Precious Metal (Gold + Silver) | 1 – 2 calls per day | 20,000 | 45,000 | 81,000 |
| Base Metal & energy | 3 – 4 calls per day | 15,000 | 36,000 | 60,000 |
| Stock Future platinum | 12 – 18 calls per month | 1,25,000 | 3,35,000 | 5,50,000 |
| Index Future (Nifty and Bank Nifty) | 5 – 6 calls per week | 11,000 | 27,000 | 51,000 |
| Future Circuit Call | 1 – 2 calls per day | 1,01,000 | 2,51,000 | 4,00,000 |
| Index Option (Nifty and Bank Nifty) | 3 – 5 calls per week | 11,000 | 26,500 | 42,500 |
| Currency | 3 – 4 calls per day | 12,000 | 30,000 | 55,000 |
| BTST/STBT | 2 – 3 calls per day | 24,999 | 64,999 | 99,999 |
| HNI Cash | 2 – 3 calls per day | 35,000 | 90,000 | 1,50,000 |
Ripples Advisory Review: Pros & Cons
Some advantages of Ripples Advisory services
Free trial
Wide array of service offerings
Some disadvantages of Ripples Advisory services
Costly subscription service
Absence of mobile app
High number of complaints
Even though Ripples Advisory has been in business for several years, there are number of complaints against it on consumer forums as well as in newspapers. One such case even involved a police raid at Ripples Advisory’s call center which was described as a INR1 crore fraud under the pretext of offering lucrative returns.
Disclaimer – The objective behind Ripples Advisory review is to offer an unbiased view of the company’s service offerings and cost of subscription services. This review of Ripples Advisory’s service offerings is only for information purpose and is not a recommendation for investors.
This company is a big fraud. Stay away and save your money. These people give all kind of guarantee but they are big lies. Most of their calls are bogus.