ABOUT SAMARTH TRADE
A research practice, on the record.
Samarth Trade is the proprietorship of Arvind Maruti Desai, registered with SEBI as a Research Analyst and enlisted with BSE Limited. Every claim on this page can be checked against a public register — the documents below are the ones SEBI and BSE issued.
CREDENTIALS
The certificates, as issued
Both documents are reproduced here in full. Personal identifiers have been masked; everything a client needs to verify the registration is visible.
SEBI registration certificate
Granted under Regulation 9 of the SEBI (Research Analysts) Regulations, 2014, on 11 June 2026. Valid until suspended or cancelled in accordance with the Regulations.
Tap the certificate to read it full size.
BSE enlistment letter
BSE Limited is the designated Research Analyst Administration and Supervisory Body (RAASB). Enlistment was granted on 11 June 2026 under reference BSE/RA/19/06/2026/7253.
Tap the letter to read it full size.
REGISTRATION DETAILS
Everything on one line
Quote any of these when you write to SEBI, BSE or to us. They are the same details filed on the public register.
- Registered name
- Arvind Maruti Desai, Proprietor of Samarth Trade
- SEBI RA registration no.
- INH000028060
- BSE enlistment no.
- 7253
- Certificate no.
- 1965
- Registration valid from
- 11 June 2026
- Type of registration
- Individual — proprietorship
- Registered office
- Pune, Maharashtra
- Compliance officer
- Arvind Maruti Desai
- Jurisdiction
- Pune, Maharashtra
Registration granted by SEBI, enlistment as a Research Analyst with the Exchange, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Registration status can be confirmed on the SEBI register of research analysts and the BSE registered RA list.
HOW WE WORK
How a recommendation is built
Every report follows the same route, so you can see where a call came from rather than being asked to take it on faith. Nothing here is tailored to an individual’s finances — that would be investment advice, which sits outside a research analyst’s registration.
Unless a report states otherwise, recommendations are framed for a twelve-month investment horizon.
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Publicly available information only
Analysis is built on published filings, exchange data and known market observations. No unpublished price-sensitive information is used, and nothing is published before it can be released to every client at once.
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Technical screen
Price and volume behaviour read alongside RSI and MACD, to establish trend, momentum and the levels at which a position stops making sense.
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Fundamental check
The technical view is tested against the company’s reported fundamentals, so a chart setup on a deteriorating business does not reach a report.
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Rating, rationale and stop-loss
Each report carries a rating, the reasoning behind it, and a stop-loss level derived from the same parameters. The rationale is written out, not compressed into a signal.
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Distributed without discrimination
Reports and recommendations go to every eligible client at the same time. No early access, no tiered signals, no private calls ahead of publication.
SCOPE OF REGISTRATION
What a research analyst can and cannot do
Most stock market fraud begins with someone blurring this line. It is worth knowing exactly where it sits.
Within our registration
- Publishing research reports on listed securities with a documented rationale
- Issuing model portfolios, monitored and updated with reasoning
- Sharing general market and sector commentary in group formats
- Disclosing financial interests, conflicts and the extent of any AI tools used
- Collecting fees through banking channels, UPI, or the Centralized Fee Collection Mechanism run by BSE
Outside our registration
- Executing trades, or holding or handling client funds or securities
- Portfolio management, or investment advice tailored to your personal finances
- Accepting your trading, demat or bank login credentials, or any OTP
- Promising assured, guaranteed or fixed returns of any kind
- Accepting fees in cash, or into a personal account
Questions before you subscribe?
Ask them. Support runs 10:00 AM to 5:00 PM on working days, and a written record of your query goes to you as well as to us.