Research. Discipline. Informed Decisions.
Explore our research approach, market insights, and investor education resources to better understand financial markets and investment risks.
An independent research practice
First Investment Research (FIR) is a Sole Proprietorship operated by Santhosh B R, registered with SEBI as a Research Analyst (Registration No. INH000027858).
FIR prepares research on Indian equity, index, derivatives and commodity markets, and runs investor education programmes. FIR is not registered as an Investment Adviser or Portfolio Manager and does not provide those services.
To help investors navigate uncertainty with confidence and vision.
Process over outcome. Risk before reward. Evidence over noise.
Fees, conflicts of interest and risks are disclosed upfront.
Education that helps investors understand markets and their risks.
Research subscriptions
Research services offered by FIR as a SEBI Registered Research Analyst. Each page lists scope, fees (exclusive of GST) and disclosures.
Research is not personalised investment advice. Investments in securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI and certification from NISM do not guarantee performance of the intermediary or assure returns to investors.
How research is prepared
A structured process helps keep research consistent. It does not remove market risk.
Study of market conditions, sectors and individual securities.
Technical and fundamental analysis applied to the securities under coverage.
Research reports and recommendations are documented before release.
Relevant risks and any conflicts of interest are disclosed alongside research.
Research is shared with subscribed clients through the agreed channels.
Research and communications are reviewed and records maintained.
Education vs. research: investor education content on this website is general information. Research recommendations are provided only to subscribed clients under the applicable terms.
Learn how markets work
General educational topics covered in FIR's investor education and webinar programmes.
Understand how equity, derivative and commodity markets function — from order flow to settlement cycles.
Learn to read price action, patterns and indicators, and the limitations of each.
Position sizing, risk limits and why protecting capital matters in volatile markets.
Reading financial statements, valuation approaches and macro indicators.
Recognising behavioural biases that lead to emotional investment decisions.
Your rights as an investor, how to verify an intermediary, and how to raise a complaint.
Research notes and articles
Published articles will appear here with their title, summary, category and publication date.
Built on transparency
Registration No. INH000027858. Registration does not guarantee returns.
Revenue comes from disclosed subscription fees — no commissions from brokers, AMCs or distributors.
Risk, conflict-of-interest and research analyst disclosures are available on this website.
A named Compliance Officer and escalation routes to SEBI SCORES and SMART ODR.
Registration details
- Registered name
- First Investment Research (Sole Proprietorship)
- Proprietor
- Santhosh B R
- Registration category
- Research Analyst (SEBI (Research Analysts) Regulations, 2014)
- SEBI registration no.
- INH000027858
- Registered office
- No. 100/1A, 19-6-17/B1, 6th Room, D'R Mahal Road, Commercial Area, Tirupati, Andhra Pradesh – 517501
- Principal / Compliance Officer
- Santhosh B R · +91 9739600729 · firstinvestmentresearch@gmail.com
Investments in securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI and certification from NISM do not guarantee performance of the intermediary or assure returns to investors.
Investor Charter for Research Analysts
SEBI prescribes an Investor Charter for Research Analysts covering vision and mission, services to investors, investor rights and responsibilities, grievance redressal and timelines.
The official Investor Charter is published by SEBI. Please read the current version on SEBI's website:
Visit SEBI websiteFIR's copy of the Investor Charter will be available for download here.
Grievance redressal
Write to our Compliance Officer, Santhosh B R:
If you are not satisfied with the resolution, you may lodge a complaint on SEBI's SCORES portal.
scores.sebi.gov.inComplaint data for the current reporting period will be published here.
SEBI toll-free helpline: 1800 266 7575 / 1800 22 7575.