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.

Legal & Compliance Registry

Code of Conduct

Alphabulls Capital (Umang Rajesh Bhutada), SEBI Registered Research Analyst (Reg. No. INH000023001), follows the code of conduct below, in line with the SEBI (Research Analysts) Regulations, 2014.

Last updated: 1 November 2026

1. Honesty and Good Faith

The Research Analyst shall act honestly and in good faith in all dealings with clients and shall not make any statement, whether oral or written, that is misleading, exaggerated or untrue.

2. Diligence

The Research Analyst shall act with due skill, care and diligence and shall ensure that every research report and recommendation is based on thorough analysis, reasonable basis and verifiable facts. Research is issued only after documenting the rationale behind it.

3. Conflict of Interest

The Research Analyst shall effectively address any conflict of interest that may affect the impartiality of research and shall make adequate disclosure of such conflicts to clients.

Any financial interest of the Research Analyst or associates in a recommended security is disclosed in the research report.
The Research Analyst does not trade in a recommended security against the recommendation, or within the restricted period around its publication, as specified under SEBI regulations.
No compensation is accepted from any subject company for publishing research on it.

4. Insider Trading and Front Running

The Research Analyst shall not engage in insider trading or front running of their own research, and shall not use unpublished price-sensitive information for personal benefit or for the benefit of any other person.

5. Confidentiality

Information about clients, including personal and financial data, is kept confidential and is not disclosed to any third party except with the client's consent or where required by law or a regulator.

6. Professional Conduct

No assurance or guarantee of returns is given, directly or indirectly, in any form.
Fees are charged only as permitted by SEBI and as published on our website; no unauthorised charges are levied.
The Research Analyst does not handle client funds or securities and does not execute trades on behalf of clients.
Research is not influenced by any issuer, broker, distributor or other intermediary.

7. Compliance with Regulations

The Research Analyst shall comply with all provisions of the SEBI Act, 1992, the SEBI (Research Analysts) Regulations, 2014, and all circulars and guidelines issued by SEBI from time to time, and shall maintain the records required under those regulations.

8. Redressal of Grievances

Client complaints are acknowledged and resolved promptly and fairly. Clients who are not satisfied with our response may escalate through SEBI SCORES (scores.sebi.gov.in) or the SMART ODR portal (smartodr.in).

Questions or concerns

Write to support@alphabullscapital.com or call +91 73859 99688 (Mon – Fri, 9:00 AM – 6:00 PM IST). For unresolved complaints, see our Grievance Redressal Mechanism.