What are the SEBI investment adviser registration fees for an individual?

4 min read
Investment AdviserSEBI registration

An individual pays SEBI ₹2,000 with the application and ₹3,000 when registration is granted, so ₹5,000 in all. After that it is ₹1,000 every five years. The deposit (₹1 lakh for up to 150 clients) and BSE's administration fee are separate.

Want this checked against your own position? We handle the documentation and the filing.

The figures come from the Second Schedule to the SEBI (Investment Advisers) Regulations, 2013. Individuals and firms sit in one category. A company or LLP pays more.

FeeWhenIndividual or firmCompany or LLP
Application feeWith Form A, non-refundable₹2,000₹10,000
Registration feeWhen SEBI grants the certificate₹3,000₹15,000
Fee to keep registration in forceEvery five years from the grant date₹1,000₹5,000

The five-yearly fee is paid within the three months before the paid-up period runs out. The certificate itself has no expiry date, as this page explains.

What else you pay

  • The deposit: ₹1 lakh for up to 150 clients, held in a scheduled bank and marked as lien in favour of BSE as IAASB. It stays your money. The deposit page has the higher slabs.
  • BSE's administration fee as IAASB. SEBI's documents say only that it is as specified by the body, so we confirm the current figure when we scope your file.
  • The NISM Series X-A and X-B exams.
  • A Shops and Establishments registration if you apply as an individual or sole proprietor. Our fee for that is ₹2,500 plus the state fee.

Our fee

We charge ₹15,000 to prepare and file an individual investment adviser registration, and ₹45,000 for a partnership firm. SEBI and BSE fees and the deposit are paid at actuals on top. The cost calculator totals your own case, and the full route is in how to become a SEBI registered investment adviser.

Note

Older articles quote ₹5,000 for the application and ₹10,000 for registration. Those were the individual figures before 1 April 2021, when SEBI cut them to the amounts above.

We handle the documentation and filing: Investment Adviser registration

Sources read on 28 October 2026. SEBI revises these requirements, so we re-confirm every figure against the current circular before it goes into an application.

BuildWright Consultants provides documentation, application-drafting, and compliance facilitation for SEBI Investment Adviser and Research Analyst registration. This is not legal advice and does not replace a qualified professional. We are not SEBI and do not guarantee registration outcomes. Eligibility, deposit, fee, and timeline requirements are as prescribed by SEBI from time to time. Every figure we publish names the SEBI document it came from and the date it was read, and we re-confirm it against the current circular during scoping.