Vidhyaa Sree Vidhyaa Sree is a freelancer/Content Writer and author of www.gogreenguyz.com

How to Become a Registered Investment Advisor in India

2 min read

The career of investment advisors comes with great demand. They are the professional that provides exclusive assistance to the clients when the main area of concern is related with the financial matters. Whether it is equipped with retirement planning, insurance options and investment strategies, investment advisors are there to solve any type of problems related with monetary issues. If you are from India and planning to pursue your career as an investment advisor, you need to obtain proper registration certification that will facilitate you to work as an investment advisor.

 
Apply for registration certificate

The first and foremost thing that you need to get the certification is to pass the examination of NISM or National Institute of Securities Market, namely ‘NISM Series V-A: Mutual Fund Distributors Certification Examination,’ On successful completion of the examination, you will get a certification from NISM. According the recent regulations, the willing candidates need to apply for the registration under the regulations of SEBI (Investment Advisers) Regulations, 2013. Applicants need to fill up the form properly and submit the same along with required documents. It is worth to mention in this context, if the application is for individual entity, it requires submitting a photo while the organization does not require any photo.

How to apply?

In most of the cases, applicants will obtain the response of SEBI with four weeks. However, the time of the registration may vary based on how efficiently the applicants are able to fulfill the criteria. Before, apply for the registration certificate, it is highly recommended to go through the eligibility criteria of the registration. Along with the form A, applicants need to pay Rs. 5000 as the application fees. You need to draft this amount in favor of “The Securities and Exchange Board of India,” that is payable at Mumbai. Apart from this, the candidates also need to apply online by following the strict guidelines of the SEBI that is updated on a regular basis.

Eligibility Criteria

-Where the applicant is a bank or NBFC, it should be permitted by RBI to act as IA and the application should be made through a subsidiary or separately identifiable department or division.

-Where the applicant is a body corporate, other than a Bank or NBFC, the application should be made through a separately identifiable department or division.

-Where an entity incorporated outside India proposes to undertake IA services, the application should be made by the subsidiary in India of such foreign entity.

-Where a foreign citizen proposes to undertake IA services, the applicant should set up an office in India and undertake IA services through such office.

Eligible Criteria

After receiving registration certificate

After considering all the aspects of the applications, SEBI will grant a registration certificate to the applicants. After receiving the approval of the Securities and Exchange Board of India, the applicants need to pay a registration fee through the bank draft in favor of “The Securities and Exchange Board of India.” If the applicant is corporate the amount of registration fee is Rs. 1, 00,000, whereas the application fee for an individual is Rs. 10,000.

Verdict

After receiving the registration certificate from SEBI, applicants can work as an investment advisor. However, in order to continue their career sans hassle and get up-to-date about the latest regulations, it is highly advisable to pay a visit to the official website of SEBI and find the latest news regarding the new circulars and updated guidelines. Moreover, they must also abide by requirements of reporting by SEBI from time to time. Do not ever deny the terms and conditions, renewal rules and various other aspects that can prevent you to enjoy the great career potential of investment advisor.

Where the applicant is a bank or NBFC, it should be permitted by RBI to act as IA and the application should be made through a subsidiary or separately identifiable department or division.

for more faqs about the regulatory guidelines for Registered Financial Advisor india read this document from deloitte.

Reference
Securities and Exchange Board of India (Investment Advisers) Regulations,2013

Vidhyaa Sree Vidhyaa Sree is a freelancer/Content Writer and author of www.gogreenguyz.com

What is Unified Stamp Duty?

New unified stamp duty rate to be charged to traders and investors at the time of trading in stocks, currency derivatives, and commodities. The...
Rajandran R
1 min read

Investing directly in US markets with Stockal

All of us at some point definitely have thought of investing in Tesla, Amazon, Google, Apple and many more of US tech giants, only...
Aniket Kale
2 min read

Intraday Margin Likely to Increase Sharply Even for Cover…

In the recent circular, issued by NSE and BSE it is clarified that brokers have to collect additional intraday margins for equities & derivatives...
Rajandran R
46 sec read

32 Replies to “How to Become a Registered Investment Advisor in India”

  1. Does provding Technical Analysis Research Also Comes Under Same, I had mailed sebi few months back but got not no reply!

      1. Hello,

        Nice post, but just a quick question The 2.5 Million is USD or INR?

        Thanks & Regards,
        Parth

  2. what is qualification for sebi registered technical analyst purely for intraday purpose based on only charts without fundamental analysis, i think intraday advise means only trading advise this is not for investment purpose. please clarify and guide me

  3. Hi Rajan Sir, does it not require to clear NISM’s Investment Adviser Level 1 & 2 examinations? Kindly guide. Also sir, as per the guidelines, the investment adviser is supposed to maintain the risk profile of the customer, etc which in my opinion most of the intraday trading tips providers don’t do?

  4. We want to registration of Sebi for stock market research adviser, please help on this,

    There is term of you should have 5 years experience or you should have MBA degree with fiance,

    If a person doesn’t have it than can it be possible to get the Sebi registration ?

    Regards,
    kailash

  5. kailash it is mentioned that PG or Pg diploma in any stream.PG diploma means 1 year courses also.So you can apply for pg diploma.So you can apply with late fee and still get certificate in some universities with in 6 months.

  6. Hi Rajendran

    Very informative post. I have a question. Say someone is selling their trading system to others. Does the trading system seller need this license?

    Thanks

  7. I had cleared Mutual fund exam.. How easy it is to get the certification and how much time it take

    I am mba , m.com and njow mutual fund certified

    If someone can help me for procedding will be greatful..

    I am from hyderabad

  8. I’m NISM certified Investment Advisor. (Cleared both levels) and MBA(finance) from University of Hyderabad.

    Like to associate with Investment advisory/Stock advisory startups for Training or SEBI registration purpose.

    Feel free to contact me!

    1. Hello Sir i want to know proper idea of stock advsiory starups

      Myself Yatin Shah from Gujarat

      which certification need

      and please tell me criteria for this examinination

    2. S.Vijay Sir I am bcom mcom and I m interested in this profession means I want to become an investment advisor please guide me what to do how to do.
      I will be very thankful to you.

    3. I have cleared both nism exams…can u pls help me for the process of investment advisor??
      i will be glad if u do so!

      Thankyou!

  9. Hello Sir i am sachin kachole from indore
    i want to know proper
    idea of stock advsiory firm or company
    so what qualification and can i continue this work while doing Company Secretary practices or job..
    and which certification needed for this.
    so please tell me criteria for
    this examinination.

  10. Sir,
    I am shivaputra waggan, From Bangalore , Sir I am diploma in E&C Working in Public sector company.I have completed technical analysis course with some broker. After my 2.5 years of trading experience I have made my own strategy in Intraday swing positional option in which I can make >60% of time profit.Sir can I advice some one or I need to complete any course in NSE. If I need to complete any course can I eligible for that and please tell me which course.
    thank you.

  11. I am a Civil Engineer but I am very much interested in Stock Market, I trade in intraday cash and I trade as per chart i my intraday tips accuracy is is 70%+ till now i want to become intraday adviser how can u registered ? can u please guide?

  12. i wanna became stock related advisor please send some guidline forms or else to apply as registered advisor

  13. hi sir,

    my stock market experience is 16 years . I trade in intra day cash and positionals . i want to become intra day adviser how can u registered ? can u please guide?

  14. I am Sateesh .P.T I am trading intraday & cash from the past seven years .I am diploma holder i want to learn how to give tips for intraday.

  15. HELLO SIR,
    MY SELF GAURAV AND I HAVE COMPLETED MBA FINANCE . I WANT TO START ADVISORY FIRM/INDIVIDUAL CAN U SUGGEST ME HOW TO I GET SEBI REGISTERATION NUMBER AND HOW TO I START MY BUSINESS?

  16. Hi Sir, we want to start as a fund manager role for some PMS. Can please tell me that whether we will have to register our firm as investment advisor?

  17. what is qualification for sebi registered technical analyst purely for intraday purpose based on only charts without fundamental analysis, i think intraday advise means only trading advise this is not for investment purpose. please clarify and guide me

  18. Do I need any SEBI clearance or certificate if I start any trading education related website where I discuss about trading plan and strategies and refrain from making any TIPS

  19. Thanks a ton for this valuable information.

    I’m wondering, after passing nism exam and applying for registration – can I work as freelance investment advisor along with my current job (I’m working in bpo)..

    Thanks in advance..

  20. I am Sanjay with IT experience of 15 years and resigned from IT company in 2015, I have great stock portfolio as I have made great wealth from long term so I want to become long term adviser with 1 year holding as a fundamental adviser.
    CanI take it as a profession please tell me how I can apply SEBI registered long term adviser.

    Thank You
    Sanjay

  21. I AM APPEARING FOR NISM-Series-V-A: Mutual Fund Distributors Certification Examination, can i work for a company like indiabulls, NJWealth etc, can i work as a freelancer, what happens if i quit the company after few years the investment made through the investors that i have got, will i get the commission later or not.
    i want to work as a freelancer because i am already working for a event management company, i though of doing this course where i can work part-time and earn extra income
    please advice how to go about and

Leave a Reply to shivaputra waggan Cancel reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More