First Investment Research

Research. Discipline. Informed Decisions.

Explore our research approach, market insights, and investor education resources to better understand financial markets and investment risks.

SEBI Registered Research Analyst · Reg. No. INH000027858
About FIR

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.

Our Vision

To help investors navigate uncertainty with confidence and vision.

Research Philosophy

Process over outcome. Risk before reward. Evidence over noise.

Transparency

Fees, conflicts of interest and risks are disclosed upfront.

Investor Awareness

Education that helps investors understand markets and their risks.

Services

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.

Research Process

How research is prepared

A structured process helps keep research consistent. It does not remove market risk.

01
Market and security analysis

Study of market conditions, sectors and individual securities.

02
Research methodology

Technical and fundamental analysis applied to the securities under coverage.

03
Preparing research

Research reports and recommendations are documented before release.

04
Risk and conflict disclosure

Relevant risks and any conflicts of interest are disclosed alongside research.

05
Communication to clients

Research is shared with subscribed clients through the agreed channels.

06
Review and recordkeeping

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.

Investor Education

Learn how markets work

General educational topics covered in FIR's investor education and webinar programmes.

Market Fundamentals

Understand how equity, derivative and commodity markets function — from order flow to settlement cycles.

Technical Analysis

Learn to read price action, patterns and indicators, and the limitations of each.

Risk Management

Position sizing, risk limits and why protecting capital matters in volatile markets.

Fundamental Research

Reading financial statements, valuation approaches and macro indicators.

Investor Psychology

Recognising behavioural biases that lead to emotional investment decisions.

Investor Awareness

Your rights as an investor, how to verify an intermediary, and how to raise a complaint.

Insights & Articles

Research notes and articles

More research notes coming soon

Published articles will appear here with their title, summary, category and publication date.

Why FIR

Built on transparency

SEBI Registered Research Analyst

Registration No. INH000027858. Registration does not guarantee returns.

Fee-based, no commissions

Revenue comes from disclosed subscription fees — no commissions from brokers, AMCs or distributors.

Published disclosures

Risk, conflict-of-interest and research analyst disclosures are available on this website.

Accessible grievance channel

A named Compliance Officer and escalation routes to SEBI SCORES and SMART ODR.

Regulatory Information

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

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 website

FIR's copy of the Investor Charter will be available for download here.

Investor Complaints

Grievance redressal

Step 2
SEBI SCORES

If you are not satisfied with the resolution, you may lodge a complaint on SEBI's SCORES portal.

scores.sebi.gov.in
Step 3
Online Dispute Resolution

Disputes may be taken to the SMART ODR portal.

smartodr.in
Complaint data disclosure

Complaint data for the current reporting period will be published here.

SEBI toll-free helpline: 1800 266 7575 / 1800 22 7575.

Contact

Contact our team

No. 100/1A, 19-6-17/B1, 6th Room, D'R Mahal Road, Commercial Area, Tirupati, Andhra Pradesh – 517501