SEBI Registered Research Analyst
Praveen Dubey (SEBI Registered RA)
SP RESEARCHVIA PVT. LTD. (INH000015808)
Becoming a SEBI Registered Research Analyst: A Comprehensive Guide
To operate legally as a research analyst in the Indian stock market, one must obtain registration from the Securities and Exchange Board of India (SEBI) under the SEBI (Research Analysts) Regulations, 2014. Under the guidance of professional analysts at SP RESEARCHVIA PVT. LTD., we detail the step-by-step requirements, fees, and eligibility parameters.
What are the eligibility requirements and fees for a SEBI Research Analyst?
An applicant needs a professional qualification (like MBA, CA, CFA, or postgraduate degree in finance/economics) and NISM Series XV certification. The application fee is ₹5,000 for individuals, and the registration fee is ₹10,000 (valid for 5 years). For corporates, the fees are significantly higher.
Eligibility Criteria
To qualify for the SEBI Research Analyst (RA) registration, applicants must meet the following criteria:
- Professional Degree: A post-graduate degree or professional qualification in finance, accountancy, business management, commerce, or economics from a recognized university.
- NISM Certification: Must clear the NISM Series XV: Research Analyst Certification Examination.
- Net Worth: Minimum net worth of ₹1 lakh for individuals/partnerships and ₹25 lakhs for body corporates.
- Infrastructure: Adequate office space, equipment, and database access to perform research activities.
Fee Structure (as of latest SEBI guidelines)
The fee structure varies between individuals and corporates:
- Individual & Partnership: Application Fee: ₹5,000 | Registration Fee: ₹10,000
- Body Corporate / LLP: Application Fee: ₹50,000 | Registration Fee: ₹5,00,000
Written by Praveen Dubey
Chief Research Analyst | SEBI Reg: INH000015808
Statutory Warning & Risk Disclaimer: Investment in securities market is subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Content provided on this blog is for informational and educational purposes only.