Here is a step-by-step guide on how to become a SEBI Registered Investment Advisor (RIA) in India. This overview explains eligibility, exams, fees, documents, and the complete SEBI registration process for new advisors. To start your journey toward SEBI registered advisory, first ensure you meet the basic requirements. Individuals must hold a graduate degree in finance, business, economics, or related fields, along with relevant professional qualifications or experience. Passing the mandatory NISM-Series-XA and XB Investment Adviser exams is essential, as these certifications validate your advisory competence.
After meeting educational and exam criteria, verify that you have the required net-worth or capital adequacy—₹1 lakh for individuals and ₹25 lakh for non-individual entities. Prepare key documents such as identity proofs, qualification certificates, experience letters, income details, and a detailed business plan.
Next, apply online through SEBI’s intermediary portal, pay the application fee, upload documents, and respond to any queries raised during verification. Once SEBI approves your application, you must pay the registration fee and comply with ongoing obligations like risk profiling, documentation, fee disclosures, audits, and adherence to the RIA Code of Conduct. Successfully completing these steps makes you a fully registered investment advisor (SEBI) compliant professional in India.