Pricing
The free plan includes the full cost and capital gains tax model. That is the part most tools leave out, and charging for it would let someone pay nothing and leave with the wrong impression.
What the paid plans add is breadth: more universes, more formulas, more frequencies, and the tooling that tests whether a result means anything.
Free
Enough to test a rule properly and see what charges and tax do to it.
- Nifty 50 universe (open without registration)
- Lumpsum & SIP backtesting with XIRR
- Inspect scores at every rebalance date
- Up to 10 years of backtesting on Nifty 50
- Dynamic weightages (limit 5 positions)
- Momentum, rate of change
- Quarterly rebalancing
- Every charge and tax modelled
- Full stock detail — prices, technicals, published accounts
- Benchmark taxed on its own basis
- Trade ledger and drawdowns
- Five backtests a day
Pro
For testing rules seriously rather than once. Full access to screening, multi-universe backtesting, and export tooling.
- Everything in Free
- All additional universes: Nifty Midcap 100, Smallcap 250 & Sector baskets
- Your own custom ticker lists
- Export to CSV (trade ledger, equity curve & screener)
- All four momentum formulas
- All five valuation metrics
- Monthly to yearly rebalancing
- Independent trend lookback
- Custom weights, up to 25 positions
- Entry filters and R² thresholds
- SIP modelling with XIRR across all universes
- Scores view with weighting by rank
- Screener on the latest data
- Unlimited backtests
- Walk-forward validation & Monte Carlo (Research tier)
Research
For work that has to withstand scrutiny — your own or somebody else's.
- Everything in Pro
- Combined universe, all baskets at once
- Two-stage sector composite
- Walk-forward validation (backtest & screener)
- Monte Carlo simulation (backtest & screener)
- Significance testing on independent periods
- Multiple-comparison correction
- Factor decay by holding age
- Data and code fingerprinting
- Export to CSV (full trade ledger & equity curve)
- Up to 50 positions
Already on Pro (₹499)? Upgrade anytime for just ₹1,000 difference.
Subscription Management & Cancellation
We believe in transparent, honest pricing with zero hidden lock-ins. All paid subscriptions run for their prepaid validity period (30 days monthly or 365 days yearly) and do not silently execute forced recurring debits. You can manage, upgrade, or unsubscribe from your plan at any time.
Engine licensing. If you are a SEBI-registered Investment Adviser or Research Analyst and want the cost and tax modelling behind your own work, that is priced individually. You hold the registration; we supply the arithmetic. Write and say so.
What each plan includes
Restrictions are enforced by the calculation engine, not the page, so a locked setting stays locked.
| Feature | Free | Pro | Research |
|---|---|---|---|
| Universes | |||
| Nifty 50 | yes | yes | yes |
| Midcap 100 | — | yes | yes |
| Smallcap 250, official or turnover-derived | — | yes | yes |
| Stocks within sectors | — | yes | yes |
| Sector index rotation | — | yes | yes |
| Two-stage sector composite | — | — | yes |
| All baskets combined | — | — | yes |
| Your own ticker list | — | yes | yes |
| Ranking | |||
| Momentum — rate of change | yes | yes | yes |
| Risk-adjusted and Sharpe-like | — | yes | yes |
| Regression slope, with R² threshold | — | yes | yes |
| Value — P/E, P/B, EV/EBITDA, yields | — | yes | yes |
| Structure | |||
| Quarterly rebalancing | yes | yes | yes |
| Monthly, half-yearly, yearly | — | yes | yes |
| Independent trend lookback | — | yes | yes |
| Dynamic weights by rank | yes (limit 5) | yes (up to 25) | yes (up to 50) |
| Backtest historical window | Up to 10 yrs (Nifty 50) | Full history | Full history |
| Maximum positions | 5 | 25 | 50 |
| Entry filters — EMA and RSI | — | yes | yes |
| SIP with XIRR | yes (Nifty 50) | yes | yes |
| Costs and tax | |||
| Slippage, STT, stamp duty, GST, DP charges | yes | yes | yes |
| Capital gains tax, netted per financial year | yes | yes | yes |
| Loss set-off and carry-forward | yes | yes | yes |
| Benchmark taxed on its own basis | yes | yes | yes |
| Whole shares only, idle cash tracked | yes | yes | yes |
| Liquidity floor | yes | yes | yes |
| Tools | |||
| Backtests per day | 5 | unlimited | unlimited |
| Scores at every rebalance date | yes (Nifty 50) | yes | yes |
| Screener on the latest data | — | yes | yes |
| Export to CSV (trade ledger & screener) | — | yes | yes |
| Screener: Walk-Forward Validation | — | — | yes |
| Screener: Monte Carlo Simulation | — | — | yes |
| Stock pages — technicals and accounts | — | yes | yes |
| Significance and walk-forward testing | — | — | yes |
| Monte Carlo against random selection | — | — | yes |
| Factor decay by holding age | — | — | yes |
| Data and code fingerprinting | — | — | yes |
| Always included | |||
| Stated limitations and known biases | yes | yes | yes |
The last row is not a formality. The limitations page and every caveat in the reports stay free on all plans — charging for the caveats would undermine the only thing that distinguishes this platform.
Questions people ask
Why is the tax model free? Because it is the finding, not a feature. Across our own testing, capital gains tax consumed roughly 60% of the gross outperformance of a quarterly strategy. Somebody who uses only the free plan should still learn that.
Can I cancel? Monthly plans stop whenever you say so and revert to Free at the end of the paid period. Annual plans are refunded pro rata within the first month.
Do you offer a trial? The free plan is the trial, and it does not expire. It runs real backtests with the real cost model on a real universe.
What you are not buying
Not recommendations. No plan includes tips, model portfolios, target prices or a strategy to follow. QuantSmart is not registered with SEBI and does not give investment advice. What you are paying for is arithmetic on a rule you define.
Not a guarantee. The Research tier includes the tools that test whether a result is real. Several of ours were not. That is the point of them, and buying the tier does not mean the answers will be the ones you wanted.
Not advice on your holdings. We will not review a portfolio or comment on a company at any price.
On billing. Paid plans are arranged directly at present rather than through a checkout, so write to us and we will set up access. Prices are in Indian rupees and exclusive of any applicable GST.
The same prices apply wherever you are. Foreign portfolio investors and institutions generally need licensed data feeds, audit trails and service guarantees that a platform of this size does not offer; if that is you, write and we will tell you honestly whether it fits.