Who is Umang Rajesh Bhutada?

Umang Rajesh Bhutada is a SEBI Registered Research Analyst (RA No. INH000023001) and one of India’s youngest Research Analysts, offering research-backed advisory services under the trade name Alphabulls Capital.

What services does Alphabulls Capital offer?

We offer three advisory modules: Alpha Core (model portfolio of 15-20 long-term compounders), Momentum Bulls (active momentum stock picks), and Alpha Desk (swing trading recommendations). Recommendations are research-only.

Are your advisory returns guaranteed?

No. All investments in the securities market are subject to market risks. We make no guarantees or assurances of profit.

How are stock recommendations delivered?

Trading recommendations are sent via SMS and mobile app notifications. Long-term fundamental research reports are shared exclusively via email.

What is your grievance redressal timeline?

The Research Analyst strives to redress complaints within 21 days. Escalations can be made to compliance@alphabullscapital.com, SEBI SCORES, or SMART ODR.

Transparency & Compliance Hub

SEBI Compliance Board

Alphabulls Capital operates under strict compliance with the Securities and Exchange Board of India (SEBI) Research Analyst Regulations, 2014.

Monthly Investor Complaint Data

Complaint data disclosed by the 7th of every succeeding month per SEBI Master Circular Annexure E.

Source of Complaint	Pending (prev.)	Received	Resolved	Total Pending	Pending >3m	Avg. Days
Directly from Investors	0	0	0	0	0	—
SEBI (SCORES)	0	0	0	0	0	—
Other Sources	0	0	0	0	0	—
Grand Total	0	0	0	0	0	—

Data for month ending: April 2026Complaints received due to impersonation by another entity: 0

Annual Complaint Registry

Financial Year	Received	Resolved
FY 2025-26	4	4
FY 2024-25	9	9
FY 2023-24	6	6

Registration Overview

Registered NameUmang Rajesh Bhutada (Individual RA)
SEBI Registration NoINH000023001
BSE Enlistment No7062
Registration ValidityPermanent (Subject to compliance reviews)

Grievance Redressal Matrix

Level 1: Support Desk

Contact the Research Analyst directly. Email the Grievance Officer. Strive to redress within 21 days.

support@alphabullscapital.com

Level 2: Compliance Officer

Compliance Officer: UMANG RAJESH BHUTADA

umangbhutada100@gmail.com

Level 3: Grievance Officer

Grievance Officer: UMANG RAJESH BHUTADA

umangbhutada100@gmail.com

Level 4: SEBI SCORES / ODR

If not resolved, lodge a complaint on SEBI SCORES or Online Dispute Resolution (ODR) portal. Helpline: 1800 266 7575.

SCORES Portal SMART ODR

Digital Accessibility Policy

This website is committed to ensuring digital accessibility for all users, including persons with disabilities, in compliance with the Rights of Persons with Disabilities (RPwD) Act, 2016, SEBI Circular No. SEBI/HO/ITD-1/ITD_VIAP/P/CIR/2025/111, and WCAG 2.1 Level AA. Features include keyboard navigation, screen-reader compatibility, alt text on all images, sufficient color contrast, resizable text, semantic HTML structure, and ARIA landmarks. If you experience any accessibility barriers, please contact the Grievance Officer.

Investor Charter for Research Analysts

In order to facilitate investor awareness, SEBI has formulated an Investor Charter for Research Analysts which describes the services provided, rights of investors, duties of RAs, and process of grievance redressal. Every subscriber is requested to review the charter.

Download SEBI Investor Charter (PDF)

Written by SEBI REGISTERED

Umang Rajesh Bhutada

SEBI Registered Research Analyst (Reg. No. INH000023001) | 7+ Years Experience | NISM XV Certified

Verify SEBI Registration |Compliance & Disclosures