Frequently Asked Questions

• What are the Service Offerings?

  We are SEBI registered fund manager & research analyst entity. Our offerings are divided into three primary segments:

  1. Fund Management - Category III, Alternative Investment Fund, 129 Wealth Fund (SEBI Registration Number - IN/AIF3/24-25/1602). As per SEBI norms, the minimum investment in AIF is INR 1 crore. Click here to read the benefits & details about AIF.
  2. Advisory/Stock Recomendation Service - Suitable for investors with an investable corpus of 3 Lakhs - 1 crore. We have 3 different subscriptions based service - 
  1. High Volume Stock Recommendation - Covers midcap & largecap segments. Suitable for investors with more than 3 Lakhs investable corpus or portfolio value.
  2. Multibagger Stock Recommendations - Covers microcap, smallcap & SME segment. Suitable for investors with more than 20 Lakhs investable corpus.
  3. Unlisted Stock Recommendation - Covers stocks from unlisted space. Suitable for investors with very high risk appetite with investable corpus of more than 25 Lakhs. Kindly note, unlisted stock recommendation is not regulated by SEBI
  3. Tutorial Service - We offer stock market & mutual fund online tutorial services via pre-recorded videos. We don’t offer any physical coaching or one-to-one session.

  It is highly recommended to read the best-selling book of Mr Prasenjit Paul for in-depth understanding of our investment philosophy & driving forces.

  1. How to Avoid Loss & Earn Consistently in the Stock Market - More than 2 Lakhs copies sold since 2015. Click here for details on Amazon.
  2. Multibagger Stocks - Published in 2023 by Penguin Random House. Click here for details on Amazon.
• How to receive updates from us & Contact Us?

  We share market views & broader updates through our free WhatsApp channel, which is open to everyone. Click here to join the WhatsApp channel.(Free) Kindly note, WhatsApp by default keeps channel notifications muted, which means you won’t receive updates unless you activate notifications. Click here for a short video tutorial to make sure you don’t miss any of our updates (it will hardly take 1 minute of your time). We hate spam & respect privacy. Hence, you may expect a maximum of 1 update in a day, and on most days, there may be no update at all. We generally share macro updates, our preferred sectors or segments where we are bullish, learnings from our stock recommendations, our press coverage, media releases, etc.

  For paid members, all updates are shared in the after-login website dashboard, and email alerts are sent whenever there is any change/update in the dashboard. So, it is important to whitelist & save our email info@paulasset.com in your email contact list. Kindly understand, if you mark any of our emails as “Spam” or “Report”, your inbox will restrict all future emails from us. In that case, even during a paid membership, our emails may not land in your inbox due to your own inbox restriction. Kindly note, all our official communication will come only from our email-id info@paulasset.com. If you receive any other email claiming our name, please be assured that it is not sent by us. After every stock recommendation, along with the website dashboard update & email notification, we also share a Telegram alert. Details for receiving Telegram alerts are mentioned in the after-login section. You can turn-on email notifications on mobile & desktop  for emails with sender info@paulasset.com so that you can receive all of our updates instantly without any miss.

  Also kindly note, a few fraudsters may misuse our name to collect money through different social media platforms. As per SEBI norms, we never collect payment through any social media, nor do we post any paid “stock recommendations” on social media. Being a SEBI-registered intermediary, we accept payments only through SEBI-verified UPI IDs or direct bank transfer with beneficiary name as “Paul Asset Consultant Private Limited”.

  We also have a WhatsApp support number +91-8910923802 as well as a direct calling number 033-69029177. WhatsApp number is Meta provided business API so that number won't accept phone calls. Kindly note, to maintain traceability & proper record keeping, no stock recommendations or buy/sell/hold guidance is shared over WhatsApp or phone calls. All buy/sell/hold related guidance & queries are updated only through the website after-login dashboard and via email communication. So, WhatsApp & phone support are mainly for enquiries, while all paid advisory alerts and buy/sell/hold related queries are strictly handled over email only.

   

• Do you offer any Trial Service or any discount on subscriptions?

  We don’t offer any discounts. Click here to know the details.Our internal target is to keep increasing subscription price around 5% yearly which is a slightly lower rate than India's average annual inflation.

  Regarding trial services, the market regulator SEBI restricts offering free trial services. We too believe that trial services often do more harm than good. For example, if we were to offer four stock recommendations on a trial basis and they generated a 50%+ return, investors expect similar returns from all future recommendations! The reality is that past performance or the results of any “trial service” are not indicative of future return. For instance, the first five recommendations may outperform the market, while the next three underperform using the same methodology. There may even be instances where several consecutive recommendations underperform, followed by a period of strong outperformance.

  Thus, “Trial Services” cannot provide an indication of long-term performance rather creates unreasonable expectations for investors. Therefore, we do not offer any trial services. However, investors are welcome to request sample research reports from previous stock recommendations. We’ll be happy to provide these reports for reference.

• Kindly share past performance to help evaluate the subscription decision.

  We have made a detailed video on past performance & related insights. Click here to watch the English Version of the video. Click here for the same video in Bengali version. It is a must watch if you are planning to opt for subscription or planning to invest with us through Alternative Investment Fund (AIF). Following are some basic limitations -

  SEBI regulations restrict us from advertising past performance chart. Sharing past performance often misleads investors rather than helping them for following reasons -

  1. Investors tend to extrapolate past returns – For example, if our last six stock recommendations (or the past one-year returns) show a 50% gain, investors may assume the next six picks will yield similar return and increase their investment with higher return expectation. Conversely, if the past year delivered negative returns, investors often reduce (or stop) investment. Both are costly mistakes. A strong past year return may indicate an overvalued market, while negative performance could signal a buying opportunity. Thus, displaying past performance has no relevance in investor’s decision-making process.
     
     
  2. Practical Challenges in Measuring Returns – The nature of stock recommendations service makes it impractical to publish accurate past performance. Take Supriya Life Sciences as an example: we recommended it at multiple price points between 2023-2025, leading to varied returns for different investors. Even after the stock doubled from 2023 initial recommendation levels, we recommended it again in Jan-Feb 2025. If the stock underperforms from its February 2025 level, some investors still have double returns while others experience losses. In such a scenario, what should be considered the "Recommendation Price" for performance tracking? Given such complexities, past performance chart data holds little value. An investor’s return depends on their subscription period and investment timing, making a standardized past performance report ineffective.
     
     

  How to evaluate advisory service joining decision without past performance?

  Instead of relying on past performance, you can evaluate our stock selection approach and investment philosophy to decide whether to subscribe to our advisory service -

  1. Request Past Research Reports: Email us, and we will share research reports so you can understand our stock selection methodology.
  2. Read Books by Prasenjit Paul:  Our investment philosophy is detailed in "How to Avoid Loss & Earn Consistently in the Stock Market" and "Multibagger Stocks", both available on Amazon & Flipkart.
  3. Review Our AIF Corporate Presentation: This covers our stock selection process and portfolio management principles. 

  By following any of these 3 methods or all 3 methods, you can decide whether our stock recommendation service aligns with your requirement. Kindly note that we do not engage in marketing, offer discounts, or attempt to convince investors. We don’t offer discount, no refund is applicable after opting for the subscription. Thus, if you have any doubts, we humbly request that you refrain from subscribing.

  Kindly watch the following videos covering past stocks & a lot more insights on performance

  Click here to watch the detailed video on past performance stocks & insights (English Version)

  Click here for the Bengali version of the same video on past performance

• Why & When We Share “Exit Alert” from any Recommendation?

  All our recommended stocks are fundamentally strong, hand picked after extensive long duration research. Based on our research quality, we believe most of these stocks price under "High Volume Stock Recommendation" may move up over a 3-4 year longer tenure, no matter whether we exit at profit or loss in between. However, this is not applicable for “Multibagger Stock Recommendations” because those companies are usually very small in size (microcap or SME) and low in liquidity, if macro environment alters then stock price may remain down for 3-4 years or even more without any recovery.

  We suggest exit or profit booking or even loss booking because replacing that stock with another opportunity is expected to improve overall portfolio return. To explain in simple way - suppose we recommended Stock A at ₹100. Due to macro-economic reasons or changes in business environment, stock price falls to ₹80 even though company fundamentals still remain strong. In that situation, we may suggest exit (or loss booking). Reason is simple. Recovery from ₹80 back to ₹100 may take 1 year or more. But if that same ₹80 is shifted into another stock, say Stock B, it may become ₹140 in much shorter time.

  Biggest problem with most retail investors is they hate booking loss. They continue holding an underperforming stock for years only with hope that one day it will come back to their cost price. Many times this “hope strategy” backfires badly, and this is one of the top reasons why many retail investors fail to create significant wealth. Long term investing does not mean only “Buy-Hold-Forget”, it is more about “Buy-Hold-Manage”. For us, the problem starts when we suggest exit at loss and then receive too many complaints/questions like — “why book loss?” which forced us to spend time on answering those queries. Earlier, because of this reason, we often preferred not to share “Exit Alert” at loss rather continue holding for recovery to cost price, which honestly is one of the worst portfolio strategies. From January 2026 onwards, we will not hesitate to share “Exit Alert” even at loss if required, no matter how much negative feedback or complaints come, because often the only practical way to recover loss and generate better return is by shifting money to other stocks as per the macro environment.

  Also please understand, exit at loss and fresh re-investment stock recommendation will NEVER come on same day. Market works differently. Best time to sell comes during market rallies, while best time to buy comes during market dips. Both things can't happen together. So after selling "Stock A" at loss, sometimes investors may need to patiently wait before we deploy that capital into another opportunity. This also means unless someone continues subscription over longer run, the overall portfolio optimization may become difficult.

  To conclude, for better portfolio return maximization, we may share “Exit Alert” even at loss if we believe shifting that capital can generate better return elsewhere. We spend huge time on research and handpick stocks which are mostly not covered by brokerage houses. We don't maintain any sales team; even the persons who are answering phone calls are our junior research analyst. So we cannot keep wasting time on repetitive questions like “why exit at loss”. Kindly understand, we provide advisory service, not handling your trading account. Final buy/sell decision is completely yours. As per regulations, we cannot promise guaranteed profit or assured return, we bound to charge fees only for offering "advice" so our focus should remain on giving better advisory output, not continuously justifying every stock movement or every exit decision. Every buy/sell recommendation comes with a write-up. You may not like any particular advice on buy/sell so you are free NOT to execute in your trading account. We are focused for the betterment only “advice”, execution is entirely in your hands.

  P.S - Only in our AIF fund management service which is meant for ultra high networth individuals, the entire trade execution & capital management responsibility is on us.

• What to do if the recommended stock price falls?

  First of all, every investor should understand one basic reality; no stock price moves only upward. Every stock, whether it is backed by good business or even best business, will go through some fall at some point of time. Stock prices never move in a straight line. That is exactly why, in all our recommendations, we mention the “downside potential” both in the “Short Synopsis” section and also inside the detailed research report.

  In most cases:

  • Stocks under “Multibagger Recommendations” generally come with 100%+ upside potential in 2-3 years along with around 25%-35% downside potential.
  • Stocks under “High Volume Recommendation” generally come with 50%+ upside potential in 1-2 years along with around 15%-20% downside potential.

  If such downside volatility is beyond your personal risk tolerance level, then honestly & humbly we would request you NOT TO SUBSCRIBE to our service. Because sooner or later, some of our stocks will face that downside phase. To achieve overall long-term portfolio outperformance, few stocks must underperform, that is normal in direct equity investing, more so while we are focused on smallcaps & microcaps for outperformance.

  Now comes the question; what should an investor do if any recommended stock actually hits that downside or falls abruptly? Simple answer - DO NOTHING unless we separately share any change in action via email & website update. If the stock remains tagged as "Good Buy" despite price fall, then one can complete the desired allocation in price fall but if the "Good Buy" tag is removed, but no separate "Exit" alert is shared, then simply do nothing, hold the existing position without adding more & if the desired allocation is completed & then the stock price falls then simply "Hold" that position until we share a separate "Exit" alert.

  All our recommended stocks remain under our daily monitoring. Whenever any stock price moves sharply up or down within a short period of time, we need to spend long hours in research, multiple-level fact checking, management tracking, sector analysis etc. before concluding whether that situation is an opportunity to “add more”, simply “do nothing, hold”, or whether it is becoming a “sell on rise” candidate.

  Because of this process, if even a small number of members repeatedly ask one-to-one questions over email/WhatsApp regarding stock price movement, it consumes a lot of unproductive time which otherwise goes into actual research work. So please be assured, if any change in stance is required, we ourselves will send alerts to all members. If there is no separate communication from our side, then whatever is written in the after-login dashboard will continue to remain valid.

  Even after this, if someone still calls or emails us regarding temporary stock price movement, our one-line reply will remain — “kindly follow the website after-login section & read FAQs”. Kindly understand the wastage of time & resources if we keep repeating the same thing which is already written.

  Also, whatever write-up and research note was shared during the initial recommendation, that remains valid unless we officially alter it later. We generally do not share follow-up notes in between untill something seriously gets altered.

• What kind of queries will not be answered?

  We do not respond to or engage with investor queries that have no logical answer or do not add value. Some of the queries we do NOT answer include:

  • Why is the stock price down today?
  • My portfolio was in green yesterday; why is it in the red today?
  • Why did the stock move up after profit booking?
  • Why is the stock price not rising after your recommendation?
    
    

  Please understand that answering such queries or engaging in such discussion will not help stock price movement but will waste our valuable time. During market corrections, we frequently receive these types of questions. In the past, we responded but realized that doing so diverted time away from research, which is crucial for identifying better investment opportunities for the betterment of all members. Market corrections provide excellent opportunities, and we prefer to focus on research during such crucial times instead of engaging in unproductive stuffs.

  Thus, we strictly DON’T answer similar individual queries that could affect the broader interests of all members. During deep market corrections, we provide updates via email in a one-to-many format. However, kindly do not expect one-on-one engagement or discussions related to stock price movement.

  Moreover, any stock listed under the "Open Position" section should be considered a "Hold" unless stated otherwise. As per regulatory guidelines, we are not permitted to provide one-to-one buy/sell calls. Any sell alerts are communicated simultaneously to all members through one-to-many channels.

  Therefore, individual queries such as "why a particular 'Open Position' stock is down" or "what to do with it" may not be answered, as responding to such questions results in an inefficient use of our time and resources. We must respect the most valuable asset in the world — time. Kindly remember, and to reiterate — any stock listed under 'Open Position' is considered a 'Hold', regardless of the current unrealised profit or loss. Investors are free to make their own decisions based on personal judgement, but kindly do not expect any different comment from our side in one-to-one communication.