Disclaimer: While this post is my experience with SEBI application process over the past years, the regional offices of SEBI may interpret the regulations differently and hence have different requirements. Before making the application, it is suggested to confirm whether you meet the qualification criteria with SEBI’s regional office near you .
“I am an engineer (B.E. – Electronics) working with an electrical company. I have been investing in the stock market for the past 5 years and have been rewarded well. I also give trading tips to my friends and family members. I am passionate about stock markets and now am planning to register myself an Investment Adviser. Do I meet the qualification requirements?”
I have been receiving a lot of similar queries from individuals who want to register themselves either as Investment Advisers (IA) or Research Analyst (RA) with SEBI.
If you are reading this post, you too have, probably, faced a similar situation. Are you wondering whether your degree fulfills the requirements of SEBI?
Both IA and RA regulations have mentioned the qualification and certification requirements under Regulation 7(1) and Regulation 7(2).
For fulfilling the certification requirement, you have to take up the NISM exam specified by SEBI.
For IAs – NISM-Series-XA: Investment Adviser (Level 1) Certification and NISM-Series-XB: Investment Adviser (Level 2) Certification. You have to complete both the levels.
Alternatively, you can also do other certifications which is accredited by NISM for Investment Advisers. Click here to know more.
For RAs – Its NISM-Series-XV: Research Analyst Certification.
Fulfilling the certification requirement is easy. The main hurdle is meeting the qualification requirements.
What qualifications fulfill the criteria for RA?
As per SEBI, you should have a post graduate degree or post graduate diploma in any field related to business or finance. If you have any one of the following degrees, you meet the qualification requirements.
- Chartered Accountant (ICAI)
- Company Secretary (ICSI)
- Cost Accountant (ICWA)
- MBA in Finance
- M.Com
- Masters Degree in Economics
- Post graduation in Banking and Finance
The above qualifications have to be from a university which is recognized by UGC or from an institute/ association/university established by the central government or state government.
In case of Research Analyst, SEBI has added one more clause which is not added for Investment Advisers. If you have any professional qualification or post-graduate degree or post graduate diploma which is accredited by AICTE or NAAC or National Board of Accreditation, you meet the criteria.
What if you do not have any of these?
If you are a graduate in any field, be it commerce or otherwise, you should have atleast 5 years of working experience in activities related to financial products or markets.
You need to get an experience certificate from your employer mentioning the relevant experience.
What are the qualification criteria for RIA?
As per the amendment regulations to IA Regulations, 2013, you need to have a post graduate degree or diploma in finance, business management, economics, banking, insurance or actuarial science or insurance and risk management plus 5 years of relevant experience to meet the requirements for Investment Advisers application.
Click here to read the enhanced qualification requirements for RIAs.
Investing in stock markets for your own personal benefits and for family does not count as experience.
However, if you have been writing a blog or have been contributing articles related to research of financial products or personal finance, and you can submit links of the same, then SEBI may consider it as relevant experience for research analyst application.
Now, if you are bachelor in engineering, or a doctor or a graduate with no relevant working experience, you DO NOT meet the qualification requirements.
What about other NISM courses?
Yes, NISM offers various post-graduate courses. But most if them are certificate programs. If they offer a degree or a diploma, then they will help you fulfill the qualification requirements.
Is there any other option?
Of course, there are options. You can enroll for courses which offer post graduate degree or diploma. You have to make sure that the courses are from a university or an institute recognized by the central government or any state government or a recognized foreign university or institution.
E.g. You can do a MBA in Finance from a recognized university or do a post graduation in commerce.
Only when you meet the qualification and certification requirements you should go ahead with your application as a Research Analyst or an Investment Adviser with SEBI.
Are you still confused about your registration as Research Analyst or Investment Adviser with SEBI? You can write to me at kruti@cskruti.com
Hi I am in Engineer,(Btech, computer science).
I have an active ARN number from 2021.
I educate people about personal finance(Loan/MF/Stocks/Planning/Risk Management) for 2 months (No tip provided in that 2 months).
I charge for this 2 months – Is charging for education – problem for SEBI?
Now,
I am thinking to register for SEBI investment advisor.
But to become eligible
For Qualification – I am planning to do MBA in Finance (1 year, From DY Patil University)
For Experience – I will show my MFD experience (by 2026 I will complete 5 yr)
from eligibility stand point is my thought process correct??
Please do help
Hi Lokesh, in my view, charging for providing only education without names of any stock / mutual fund / derivatives will not be a problem for SEBI.
For education qualificaiton, the course has to be for 2 year duration. You can also consider this – https://www.nism.ac.in/pgpipr/
MFD experience for atleast 5 years is currently considered by SEBI for fulfilling the experince criteria. However, you will have to surrender your MFD license to get registered as an RIA.
Hope this helps. For any further query, please send an email to kruti@cskruti.com
Hello. Let me know if the following qualification works or not.
There is this course from IGNOU in Post Graduate Diploma Programme in Financial Management. If we go for this course, is it valid for applying as Research Analyst (of course along with NISM Research Analyst Certificate).
http://www.ignou.ac.in/ignou/aboutignou/school/soms/programmes/detail/192/2
The above link is the PGDM programme in Financial Management. I am an engineer and have been active in market since 5+ years. But I am struggling to meet qualification requirements. Any help with qualification advice will be helpful. Thanks.
Hi Nisarg, in my view, if the university is recognised by UGC or is established by the central government or state government, then you can go ahead. Alternatively, SEBI will also accept if the PG degree or diploma is accredited by AICTE or NAAC or NBA.
Hi Kruti,
Does experience of working in brokerage firm in a support profile will be covered under the eligibility criteria for Ra?
Hi Parvesh, if you have at least five years in activities relating to markets or securities or involved in research while working in the broking firm, then SEBI will consider that experience.
Hi mam this is Jagadish I have done my MCOM post graduation in recognized university but I don’t have 5 years experience in financial products and I have cleared all NISM level 1 level 2 and even Research analysts exams , may I know is iam eligible to get SEBI Registration of Research analysts or investment advisor
Hi Jagdish. From qualification requirements point of view, since you do not have 5 years of experience in advice in financial products / securities, you do not fulfill the RIA regulations requirements.
Post graduation in commerce will help you fulfill the qualification requirements of RA regulations.
However, whether to apply for RIA or RA license will depend on what kind of services do you plan to provide.
hi Mam I have done Btech Mechanical,MBA in operation management, since 2017 i am advising and helping people buy Mutual funds and I have cleared NISM series V exam 5 years ago. Does this experince count in for sebi RA registration?
Also I have taken full time broker franchice since 2018 does that count in experince?
if not can u suggest some university for masters course that will comply
Hi Sunand, I am assuming you are registered with AMFI. SEBI in the past has accepted experience in selling mutual funds and stock broking for RA application. Hope you have a valid ARN certificate. However, SEBI may ask you to surrender your mutual fund distribution license and AP license if you want to get registered as a RA.
Hi Kruti,
Thank you for great article. I would like to know if Investment Banking Application developer experience is counted as relevant experience.
I am a B.E. Graduate with JAVA programming background currently working for Investment Bank Division for the last 10 years. I am engaged in Design and Development of Internal applications ranging from Corporate actions, Stock borrow Loan, Derivative Trading and Regulatory reporting.
Before that I have 5 years of working experience with another US Based Investment Bank working in the Market Risk IT department for development of MonteCarlo Risk aggregation for all of the firm side positions.
Regards,
Hi Mahi, in my view, application development and design experience will not be considered by SEBI.
Hie mam,
im a certified NISM VIII : Equity and Derivatives, can i apply for a sebi research analyst?
im graduate with bse degree.
please feel free to reply me mam
Hi. You will need PG degree / diploma plus NISM Series XV certification.
Hi Ma’am my doubt is that i have done Mcom (Finance and Management Accountancy) external, i had not attended college but it was two year course and i have a degree, will it be valid for Research Analyst
Hi Urmin, is it mentioned in your degree certificate that M.Com is distance earning course? Generally, SEBI accepts distance learning courses provided the college is established by the central government or the state government or recognised by UGC.
hello i am ROHAN
are online bba or mba programms recognised by sebi
Hi Rohan, yes distance learning courses are recognised by SEBI provided the university / institute is recognised by the central or the state government.
Hello do you help in getting listed as a broker with sebi , membership of nse , bse and mcx ?
Hi. Yes, can you send your details to kruti@cskruti.com
Hey Kruti.! Nice article.! I’m a CA, but I don’t have working experience as a financial advisor. I’m working in Stat audit field for past 5 yrs. Am I qualified for IA?
Hi VIshnu, no you do not fulfill the experience requirements.
Very useful article. One query which not able to find the answer. I have done post graduate diploma in business management from Narsee Monjee. But issue is this is not normal post graduation but distance learning post graduation.Not able to find the answer by doing distance learning , am I eligible or not for Sebi registered IA and RA pls
Yes, distance learning is accepted by SEBI.
HELLO , I AM DHRUV BANSAL AND I AM LOOKING FORWARD TO APPEAR FOR THE RESEARCH ANALYST EXAM AND GET CERTIFIED . MY QUESTION IS WHETHER I CAN GET CERTIFIED BY SEBI IF I AM PURSUING MY GRADUATION ?. I’VE BEEN INTO THE MARKET SINCE I WAS 16YRS OLD I HAVE BUILT MY OWN INDIAS FIRST AI POWERED BOT ADVISORY PLATFORM AND WAITING FOR PERMISSIONS TO LAUNCH IT ,WOULD I BE ABLE TO GET THE GRANT?
Hi Dhruv, SEBI does not consider personal experience. You will need working experience along with graduation to apply to SEBI.
Can a LAWYER apply for INVESTMENT ADVISOR or Research Analyst?
You need to fulfill the enhanced qualification requirements for investment adviser registration. Here are the details – https://cskruti.com/demystifying-enhanced-qualification-requirements-for-investment-advisers/
Hi Mam,
Is Post Graduation in Engineering (like M.Tech) permissible as a criteria for educational qualification for RIA?
Hi Kunal. No it’s not.
HI CS Kruti,
I have done my 12th in commerce , bachelors in hospital management & MBA In hospital management.. m i eligible for SEBI RIA.. if not what can i do now to get ria license ??
any suggestion
Hi Abhishek. You will need post graduation in finance field as well as 5 years of experience in activities related to advice or fund management. Only then you can apply to SEBI.
Hello Mam,
As of now I am not graduate but i am full time trader since last 6-7 years. I am receiving lots of enquiries for long term investment advice & day trading tips too. But i don’t want to mess with SEBI so i am willing to be a SEBI Registered RA first.
Kindly provide me step by step basic guidance about which graduation degree is appropriate for me and than after which courses i have take.
Thank in advance.
Hi Bhavik, I would request you to read my article – https://cskruti.com/how-to-register-as-sebi-research-analyst/
Hope this helps.
Dear Kruti, I am BSc Chemistry holder and have 8 years experience of mutual fund and other financial products advisory distribution in self firm.
I am going to give exam of NISM – Series-X-A: and X-B.
((To become an Investment Adviser in India required Certification Examination of NISM – Series-X-A: and X-B, with Graduation from any discipline with an experience of minimum 5 years in activities relating to advisory services in a financial product, services, funds, assets or portfolio management.))
After passing above 2 exam, Can I get resister from SEBI even I am not post graduate but having only more then 5 years experience?
Hi Rajendra, you will need post graduation if you want to apply as an Investment Adviser.
Hi Rajendra. You will need post graduation with 2 years duration before you make an application to SEBI.
Hello madam, This is sumanth.
Here are my queries
1) Madam I am btech 4 th year student and I want to become sebi registered investment advisor. If I do nism X-A and X-B certification am I eligible for becoming sebi registered investment advisor?
2) Are there any other ways to become sebi registered investment advisor with out any finance background?
Waiting for your reply madam
Thank-you
Hi Sumanth, in my view, there is no other way. You will need a PG degree / diploma as well as minimum 5 years of relevant experience before you make an application to SEBI as an individual.
Nice write up Kruti..
So, an undergrad engineer can acquire an “insurance agent license” or “ARN” license after completing IRDAI and NISM certification respectively.
Then, after 5 years, having the above licenses as professional experience, along NISM Level 1,2 certifications he can apply for IA or RA.
Did I summarise correctly?
Thanks Parthiban. for IA, you also need post graduation along with 5 years of experience. You can refer to this article – https://cskruti.com/demystifying-enhanced-qualification-requirements-for-investment-advisers/
For RA, as per current requirements, yes you can apply to SEBI after 5 years of experience. Also the certification requirements for RA is NISM certification – Series XV.
Hi Kruti,
Thanks for the detailed write up. I am unable to find any SEBI contact details where I can seek a clarification regarding the qualification requirements. I have a postgraduate diploma of 1 year and I am a Fellow Member of Insurance Institute of India. I have a total work experience of 15+ years in insurance industry and have been a MFD since 2012. Will Fellowship of Insurance Institute of India be considered as an acceptable qualification?
Regards
Krishnan
Hi Krishnan, what do you want to register as – IA or RA? You can get in touch with SEBI’s regional office near you for further clarification. Here is the link – https://www.sebi.gov.in/contact-us.html
Hey kruti, great knowledge, thank you for the blog,
I’m really sorry but still confused…!
I have an Engineer degree+ MBA in marketing.
I am personally doing technical analysis and also providing training and investment advice,
But as I’m not a registered analyst, looking forward to have the right guidance from you.
Please, it would be really helpful.
Thanks in advance.
Hi Rahul, thanks. Sure, will be happy to assist you. Pls let me know your queries.
mam. After certain amendment in RIA act. Do they accept MBA in finance through distance learning? and also how can i get to know whether a university is recognised by central or state?
In my view they accept any post graduation course of 2 year duration in the fields mentioned in the regulations. You will have to check the respective university website to check whether it is recognised by the central or the state government.
Hi Kruti, Thanks for the wonerful info. I have a question, Is part time mba considered by SEBI?
Hi. It will be allowed for RA but may not for IA.
Thanks Kruti
I need to know how many people in a PRIVATE LIMITED COMPANY need to meet sebi requirements for investment advisory registration.
Only one employees educational qualification is enough to get sebi registration of a pvt ltd company?
For RIA registration, atleast one person should fulfill qualification and certification requirements for Principal officer. Also all other employees associated with providing investment advice should also fulfill the qualification requirements. Pls refer to this article – https://cskruti.com/ia-amendment-regulations-2020/
HI Mam,
I have complete my graduation in engineering. And I want to pursue Post graduate diploma in financial Management distance learning course from IGNOU. Will I be qualified to apply for SEBI registered RA?
Hi Shubham, in my view the PG Diploma in Financial Management will help you fulfill the qualification requirement. However, best is to confirm with SEBI’s local office near you.
Hai kruti mam,
I have registered as private limited firm.
If I just sell my advice package by promoting with paid adds.
Will I get any problem with SEBI…??
or is it mandatory to get SEBI registration..??
If mandatory..!!! then is it possible to get SEBI registration with one of our Employee..??
And what is the process for perpetual registration..??
Hi Narendra. Are you going to give investment advice or research recommendations for a fee? If one of your employees gets registered with SEBI, the certificate will come in his/ her name and he / she will be responsible for compliance of the regulations. Perpetual registration means SEBI registration certification does not have a validity date but the applications have to pay renewal fee every 5 years.
Hi, Kruti
My question is do following program by NSE is enough to be counted as PG Diploma for applying for IA and RA with SEBI. I have done my BE in EnTc.
https://www1.nseindia.com/education/content/pgp/PGP_IB_Capital_Markets.pdf
Hi Umesh, it is a post graduate program of 10 months duration. It does not give you a degree or is not a diploma course. In my view, SEBI will not accept this course for fulfillment of qualification requirements. However, best is to confirm with SEBI’s local / regional office near you.
I am btech cse graduated with 1.3 years of IT experience and now I’m looking for NISM certification in investment advisor?
So would I be eligible to appear for this certification?
And after clearing both investment advisor level 1 and 2 then would I be able to register with SEBI.
Appreciate your response on this 🙏.
Hi Rohan, in my view you do not fulfill the qualification requirements to apply to SEBI. You can refer to the articles on my blog and would request you to go through the comments too.
Hi Kruti, to become eligible for IA as per Sebi qualifications requirement, can i still do these courses?
Chartered Market Technician (CMT) from Market Technicians Association, USA
Certified Financial Technician (CFTe) from International Federation of Technical Analysts. USA
Hi Kumar. SEBI has recently approved the amendments to IA regulations and enhanced qualification requirements. The final copy of regulations is yet to be published by SEBI. Also there is a requirement of 5 years of experience along with post graduation. Will be able to let you know my final view once the new regulations are issued.
Hi Kruti
I was in the field of mechanical engineering but could not complete my graduation due to personal reasons,
However after that i have completed all levels of CMT USA & am a Level 3 Candidate for CFA USA.
Can i apply for SEBI RIA onthe basis of my CMT certification despite me being not a graduate ??
Plz advise.
Thank you
Hi Sumeet. SEBI has recently approved the amendments to IA regulations and enhanced qualification requirements. The final copy of regulations is yet to be published by SEBI. However there is a requirement of 5 years of relevant experience along with post graduation. Will have to find out if CMT is considered as a professional qualification by SEBI. Do you have 5 years of experience in advisory field?
Yes…i have 5 years of experience in advisory field…i was a registered stock broker with Motilal Oswal for 8 years…Will it count ??
Yes, it will be counted.
As per your new blog where a post graduation plus 5 yrs experience plus nism both levels are required to become a RIA
As i am not a graduate(left in final year of engineering) can i apply on the basis of CMT ??
I have completed all levels of CMT
I have more then 8 yrs of experience in capital markets as well as i have cleared both NISM exams.
Plz gulde me.
Hi Sumeet. I am not sure if CMT is a post graduate course or whether SEBI considers it as professional qualification. Pls get in touch with SEBI’s regional / local office near you for confirmation.
Hello Kruti Mam,
I am an engineer by profession (Pass out in 2013 ). But I have in depth knowledge of stock market as I am a full time trader since last 6 years. Now i want to become SEBI registered Investment adviser. So kindly show me the right and shortest path please. Thanks.
Hi Nilesh, to apply as IA, you need to have post graduation in finance + 5 years of relevant work experience. This is as per the new amendments approved by SEBI for RIAs. SEBI does not consider personal trading as experience. So first fulfill the requirements and then you can apply to SEBI.
So can i apply for NISM research analyst or NISM equity derivative exam? I want to do some certifications related to share market. PLz guide mam.
Yes, you can. There is no requirement of a specific education qualification to give those exams.
Hello Kruti, I have done MCA (Masters in Computer Applications) from Andhra University. Can I quality for Investor Adviser? Thanks.
Hi Raj, in my view you do not fulfill the qualification requirements.
hello kruti , i am an investment adviser registered with sebi , can i registered as research analyst as well , and main question is can i two separate firm for doing business
Hi Punit, yes you can apply for RA license too. You may be allowed to have two separate proprietorship firms for doing business but I am not sure. Best is to get in touch with SEBI.
Hello,I have done my engineering and One Year Post Graduate Diploma in Financial Management from Mumbai University through Distance Learning. Am I eligible for NISM Research Analyst Examination???
Hi Yash, NISM RA Certification does not need post graduation. You can go ahead and appear for the exam. Pls check the eligibility criteria on NISM website.
HELLO MAM ! I HAVE DONE B E (MECHANICAL), I AM PLANNING TO DO MBA THORUGH NARSEE MONJEE INSTITUTE DISTANCE LEARNING PROGRAM OFFERING TWO PROGRAMS 1. Post Graduate Diploma in Business Management (2 years) 2. Diploma Programs (1 year) in Banking and Finance Management. CAN I GO FOR THE SECOND ONE ?
Hi Manish. Yes, you can go ahead.
i cleared both Grps of CA Ipcc and also NiSM Exams.. is it compulsory to clear CA Final for Research analyst? IPCC not sufficient?
Hi Aditya, yes you need CA membership number.
Hi
I ve done distant learning certification of post graduate diploma in business management from narsee monjee .Am i eligible for investment advisory or research analyst with SEBI
Hi. In my view, you fulfill the qualification criteria. Pls let me know if you are looking for professional help in making an application to SEBI.
Hey. I am an engineer and I want to become sebi ria. Will completing cfa and nism Xa Xb suffice the sebi requirements?
You will need PG in finance, accountancy, business management, commerce, economics, capital market, banking, insurance or actuarial science from a university or an institution recognized by the Central Government or any State Government. The course has to be of two year duration. You will also need an experience of at least five years in activities relating to advice in financial products or securities or fund or asset or portfolio management.
Hello Kruti,
Will Diploma in Banking and Finance from FPA recognised by IIBF for duration of 6 month will be considered as Post graduate diploma in Banking and Finance? And would eliminate the requirement of 5 years of experience with graduation?
Hi Ruchita, when the course itself is named “Diploma in..” I doubt that it will be considered as Post graduate diploma. Hope that answers your query.
Hello skruti
I have completed NISM Reserch Analyst, NISM INVESTMENT ADVISOR (both levels)
Also completed MCOM from distance learning (mumbai university)
Let me know am I eligible for SEBI registration
And if i got a licence from SEBI how do i start a advisory firm like where do i get clients
Hi Ganesh, in my view you fulfill the qualification requirements. There is no particular way specified by SEBI to get clients. You can get clients either through your contacts or through social media advertisements. Hope this is helpful.
mam i do MBA form isbm university through distance education it valid for sebi registration
Hi Gaurav, if the MBA is in finance, then it is valid for registration with SEBI.
I am a MSc Physics student in an institution accredited by the Department of Higher Education of the Ministry of Human Resources Development, India? Am I elligible?
Hi Tony, what do you want to register as? Also pls let me know the name of the institution.
Thanks for your reply and valuable time.
Hi Myself Rajesh
I completed my BCom and CA inter.I also completed SEBI Research Analyst and Investment Advisory certification. I want to apply for license from SEBI.Is it necessary to get 5 yearsexperience certificate for me or supposed if I apply after completing my Mcom than 5 years experience need.Because currently I am 22 years old and I have more than one years of experience as a Research analyst in company.
Hi Rajesh, 5 years experience is required if you have a graduate degree. If you complete M.Com then you do not require experience of 5 years, as M.Com will be considered as a post graduation. But make sure that the university or institute is recognized by the central or the state government.
Ma’am 3 years IT returns is mandatory. I just have one.
Yes, it is. Why do you have only for 1 year? If the reason is justified and you can explain it to the SEBI officer, then you can go ahead with 1 year ITR.
Hi Kruti,
One last question before I say thanks a Billion for all your information sharing and quick response.
As I told..
This 1 year programs offered by Directorate of Distance Education of the University are approved by the joint committee of DEC-UGC-AICTE.
This is a only 1 year diploma program (distance learning) unlike many other 2 year once. Not able to find anything on SEBI guidelines if number of years (1 or 2 )makes any difference or 1 year program is also fully sufficient.
Could you please reply.
Thanks a Billion
Raksha
Hi Raksha. No. of years do not matter as long as it fulfills the requirements. All the best!
thanks a million Kruti for providing answers to so many Queries.
Thanks, Raksha
Hi Kruthi,
I am having BE degree and planning to do 1 year Diploma in Derivatives & Risk Management for ICFAI.
This 1 year programs offered by Directorate of Distance Education of the University are approved by the joint committee of DEC-UGC-AICTE.
is this 1 year diploma makes me eligible for SEBI RA registration.
thanks
Raksha
Hi Raksha, if it is accredited by UGC then it will help you fulfill the qualification requirements.
Hi Kruti, I have completed B.E in Mechanical and currently pursuing M.E in Machine Design which is AICTE approved post graduation course but not in a financial field. So, do i fulfill the criteria of qualification to become RA?
Hi Nishanth. By plain reading of the regulations, if you do any course is AICTE approved, then you fulfill the qualification requirements under regulations 7.1.ii. However officers at various SEBI regional offices have different interpretations of the same. Best is to confirm with SEBI’s regional office near you.
Thanks for the reply. I have one more question. Whether post graduation in finance through DISTANCE LEARNING can be considered to fulfill the criteria?
Yes provided it is through a government recognised university or institute or the course is accredited by AICTE or NAAC or UGC.
Thanks much for the replies 🙂
Hi Kruti. I have a question in relation to SEBI RIA, I have done my masters in computer management from Pune university i.e. MCM. Do I qualify for RIA registration?
Hi Laxmikant, in my view, you do not fulfill the qualification requirements.
Hi Kruti,
I am an engineering graduate with PGD in Finance from Symbiosis Distance learning Am I eligible to apply for Research Analyst.
Hi Sumit, yes you fulfill the qualification requirements. You need to also complete NISM RA exam to fulfill the certification requirements. If you are looking for professional help in making an application to SEBI pls let me know. You can mail me at kruti@cskruti.com
hello i am chetan, Thanks for this blog which is really helpful.
My question is in case of RA for partnership firm dose every partner need to do all things regarding eligibility.
Or lets assume one partner is fullfill all the eligibility requirements then can partnerships firm is eligible for getting RA resistration.
Hi Chetan. In case of partnership firm, only those partners who will be doing research and analysis have to fulfill the qualification and certification requirements. In you case, if one partner is involved in research and the other in marketing activities, then only the research partner has to be qualified. In that case, you can go ahead with RA application.
If you are looking for professional help in making application to SEBI, pls let me know. You can write to me at kruti@cskruti.com.
HELLO KRUTI , THIS IS SATISH FROM CHENNAI , I DIDNT CLEAR MY DEGREE , BUT I HAVE GOT COURSE COMPLETION CERTIFICATE FROM MY COLLEGE WHICH IS AICTU ACCRECATED, I HAVE BEEN WORKING IN AN STOCK BROKER OFFICE AS AN SENIOR DEALER FROM 2012.TO JAN 2017.AND I HAVE ALSO COMPLETED NISM RESEARCH ANALYST CERTIFICATION. WHETHER AM I ELIGIBLE TO APPLY FOR SEBI REGISTERED RESEARCH ANALYST. IF I AM NOT ELIGIBLE MY BROTHER HAS COMPLETED MBA CAN I START A INVESTMENT FIRM IN HIS NAME AND THEN I COULD ATTACH MY NISM CERTIFICATE IN THAT FOR REGISTRATION OF RESEARCH ANALYST.
PLEASE DO REPLY YOUR VIEW
I AM TRYING HARD TO GET THE SEBI REGISTRATION.
AND REPLY THE POSSIBLE VIEW FROM YOUR SIDE
THANKS & REGARDS
SATISH
Hi Satish, thanks for writing to me!
First of all, to apply for registration as research analyst, you need to fulfill the qualification criteria. In your case, you have not completed your graduation. As per the regulations, the minimum qualification is a graduate in any field. Once you have a degree, you will be eligible to apply.
If your brother opens an investment firm, assuming a proprietorship, he will have to fulfill the qualification and certification requirements under Investment Advisers / Research Analyst Regulations. Assuming he does and you plan to join him, say as an employee, even then you need to fulfill the requirements if you are involved in providing research related services.
Hope I have answered your query.
In case you need further clarification, pls write to me at kruti@cskruti.com.
Definitely Great Article Kruti! Kudos to you. 🙂
No nonsense and very clear 🙂
Hey Hari. Thanks. Are you an investment advisor or research analyst?
Hi mam
Ur post is really very informative
I have done my BE (ECE) & now have completed 3 years of MBA program from Jain University – is my qualification requirement is fulfilling for IA ??
Hi Deepthi. You also need to fulfill the experience and certification requirements. Pls refer to this article – https://cskruti.com/demystifying-enhanced-qualification-requirements-for-investment-advisers/