Independent Research and Policy Advocacy

Sebi’s proposed changes can spruce up investment advisory regulations

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Abstract

India has only about 995 registered investment advisers (RIAs), compared to about 150,000 mutual fund distributors and more than 2 million insurance agents. The new proposals can significantly increase the number of RIAs by relaxing the requirement of having a Master’s degree and prior work experience and by lowering net-worth requirements.

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