Currently, applicants are required to hold a graduate or postgraduate degree in finance-related fields such as Finance, Business Management, Commerce, Economics, or Capital Markets to be eligible for registration.
Also read: SEBI mulls reviewing facility for Basic Services Demat Account to improve financial inclusionUnder the new framework, graduates from any discipline, including law and engineering, are eligible to become investment advisers and research analysts.
The applicants are required to have ”a graduate degree or any equivalent educational qualification from a university or institution recognized by the Central Government or any State Government or a recognised foreign university or institution or association or CFA Charter from the CFA Institute, and relevant certification from NISM or from any other organisation or institution accredited by NISM”.On easing the corporatisation process for individual IAs, SEBI said that once an investment adviser crosses the threshold of 300 clients or ₹3 crore in fees, it should immediately notify the regulator and initiate the transition process.
The IA would then have three months to apply for in-principle approval and an additional three months to complete the conversion to a non-individual entity. During this transition period, the IA would be allowed to onboard new clients and continue collecting fees, SEBI said.
Also read: SEBI new rules: AIFs can launch schemes exclusively for accredited investors
Earlier, an individual IA was required to complete the transition to a corporate structure within three months after crossing the prescribed client or fee limits.
To give these effects, the Securities and Exchange Board of India (SEBI) has amended norms for investment advisers and research analysts.
(Edited by : Gareema Bangad)
First Published: Nov 26, 2025 5:51 PM IS
