This step-by-step guide explains how to become a SEBI Registered Investment Advisor (RIA) in India, covering eligibility criteria, NISM exams, fees, documents, and the complete SEBI registration process. A SEBI registered advisory ensures credibility, regulatory compliance, and investor trust under the Securities and Exchange Board of India (SEBI).
To start, applicants must meet eligibility requirements set by SEBI. Individuals need a relevant professional qualification or postgraduate degree in finance, economics, commerce, or related fields, along with at least five years of experience. Clearing mandatory NISM certifications—specifically NISM Series XA and XB—is essential to qualify as a registered investment advisor SEBI.
Next, applicants must fulfill net worth requirements: ₹5 lakh for individuals and ₹50 lakh for non-individual entities. Proper documentation such as identity proof, educational certificates, experience letters, net worth certificates, and compliance policies must be prepared.
The SEBI registration process involves submitting Form A through the SEBI intermediary portal, paying the prescribed application fee, and responding to SEBI’s clarifications, if any. Upon approval, the registration fee must be paid to complete SEBI registration.
Once registered, advisors must follow ongoing compliance, audits, and disclosure norms to maintain their license and operate legally as a SEBI Registered Investment Advisor.