New Delhi: As India’s financial markets continue to expand rapidly, the demand for skilled professionals is growing. In a major move, the Securities and Exchange Board of India (SEBI) has announced that graduates from any discipline are now eligible to become Investment Advisors (IAs) or Research Analysts (RAs). Previously, only graduates or postgraduates in finance, commerce, business management, or economics were eligible to register.
In two separate notifications issued on Tuesday, SEBI emphasized that candidates must still clear the NISM (National Institute of Securities Markets) certification exam, which assesses professional competence and market knowledge.
Who Can Apply?
Graduates from engineering, law, or any other field are now eligible to register as Investment Advisors or Research Analysts. Key eligibility criteria include:
- A graduation degree from a recognized Indian or foreign university
- Passing the NISM certification exam
- Meeting any additional professional or experience requirements prescribed by SEBI
Market experts say this relaxation will significantly increase the pool of eligible candidates, strengthening the availability of professionals in India’s financial sector.
Simplified Process for Lost Certificates
SEBI has also simplified the process for investors whose share, bond, or mutual fund certificates are lost. Earlier, obtaining a duplicate certificate required FIR filing and newspaper advertisement. Now, the exemption limit has been increased to ₹10 lakh. Investors can apply for a duplicate certificate without filing an FIR or placing a newspaper notice. This move is expected to make procedures faster and more convenient, particularly for small and medium investors.
Market Experts React
Financial analysts say SEBI’s move will not only expand professional opportunities, but also enhance the quality of advisory services available to investors. With a broader talent pool, even small investors are likely to benefit from safer and more informed investment guidance.
One market expert noted:
“Graduates from any discipline can now become certified professionals. This step strengthens expertise and transparency in India’s financial markets.”
