To operate as a SEBI Registered Investment Advisor, individuals and firms must fulfill specific eligibility criteria and pay prescribed fees. The registration process involves meeting educational qualifications, gaining relevant experience, and passing NISM certification exams. Fees Structure: Application Fee: ₹5,000 for individuals/partnerships, ₹25,000 for companies. Registration Fee: ₹10,000 for individuals/partnerships, ₹1,00,000 for companies. Requirements: A postgraduate degree in finance, commerce, economics, or a related field. At least 2 years of experience in investment advisory services. Certification from NISM (Level 1 & Level 2). Minimum net worth: ₹1 lakh (individuals) and ₹25 lakh (companies). How to Become a SEBI Registered Investment Advisor? Submit Form A via the SEBI portal, provide necessary documents, pay fees, and comply with SEBI regulations. Approval grants the registration certificate to operate legally.