For SEBI-registered Research Analysts & Investment Advisors
Six ways a practice gets fined. All of them are record-keeping.
Not one of these is about bad advice. They are about files nobody kept, an agreement nobody signed and a date nobody diarised, all found years later at inspection.
SEBI orders · 2025–26
- KYC records incomplete₹5–7 lakh
- Misleading promises₹7 lakh
- Guaranteed returns₹5 lakh + refunds
- No signed client agreement₹7 lakh
- Records not produced at inspection₹7 lakh
- Renewal fee missed54 research analysts, 83 advisers137+ cancelled
Penalties run from ₹1 lakh, and ₹1 lakh for every day a failure continues, to a ₹1 crore ceiling. The cancellations ran in batches through 2025–26, with some fees overdue since 2020. Niveshraai keeps the KYC file, the signed agreement and the audit trail as you work.
Source: SEBI adjudication and summary-proceedings orders, 2025–26. Ranges cover several orders in the same category.
What you get
Every one of those records, kept as you work. And still under your own name.
The KYC file, the signed agreement, the advice and who acknowledged it, all written down as a by-product of the work rather than assembled the week before an inspection. Alongside your client book, model portfolios and billing, in one AI-powered CRM hosted on your domain, wearing your logo.
3 months free · No credit card required · Cancel anytime
- Registration verified
- Only live INH / INA registrations go live
- Your domain, your logo
- White-labelled end to end, including the client app
- You hold the money
- Your gateway, your bank: you are merchant of record
Getting started
Three steps, one afternoon.
Verify your registration
A secure check against the SEBI register. Only live RAs and RIAs go past this step.
Add your brand and domain
Your logo, your colours, your domain, or a free subdomain while yours is being pointed.
Invite your first client
Compliant KYC, a plan to subscribe to, and your first piece of advice. The same day.
01 · The switch
Six spreadsheets, one WhatsApp group and a folder of PDFs.
That is how most SEBI-registered advisors in India run a book worth crores. Here is what each piece becomes.
02 · The product
Both sides of the relationship, built together.
The advisor panel where you run your practice, and the branded client app your clients actually use. Built together, so nothing gets lost in between.
- The morning viewWho is subscribed, whose KYC is pending, and who still has no risk profile. Before you open anything else.
- AI usage in plain sightCompliance checks and research reports left, so what the AI costs you is never a surprise at the end of the month.
- Markets beside your bookIndia and global headlines in the same screen as the clients they affect.
03 · Capabilities
Three things you cannot buy anywhere else in India.
AI stock research
Ask for any NSE or BSE company and get a cited working draft in seconds: fundamentals, valuation, growth and the risks worth naming. It accelerates your research; it never replaces your judgement, and it never goes out unsigned.
Model portfolios
Build a weighted basket once; clients invest in it and rebalance as a unit. Give it away inside a plan, or sell it as a subscription of its own. The billing follows either way.
Genuinely white-label
Your own domain, your logo, your colours: across the advisor panel, the client app and every email, WhatsApp and SMS that leaves it. Our name appears nowhere a client can see.
Client management
Mandates, holdings, risk profiles and every conversation in one record.
Billing to your account
Your own gateway keys. We never hold a rupee of your client money.
One inbox, four channels
In-app chat, WhatsApp, email and SMS, with AI-drafted, ad-code-checked messages.
Client-ready reporting
Performance and review packs, branded as yours, without manual formatting.
Compliant onboarding
eKYC, consent capture and suitability built to RA/RIA record-keeping rules.
AI client insights
Who to call today, who is drifting, and a drafted follow-up ready to send.
04 · Compliance
Built inside the regulatory perimeter, not bolted on beside it.
Your registration is what lets you advise. Every part of the platform is written so that using it cannot put it at risk.
- Your client data stays in India
- Client records, documents and backups sit on our own infrastructure in Mumbai, not a shared cloud tenancy abroad.
- Ad-code review before every send
- Guaranteed-return and assured-profit language is blocked outright; riskier phrasing is flagged for you to acknowledge.
- PaRRVA-aware performance claims
- Past-performance claims stay held back unless your enrolment is on record with us.
- Records captured as you work
- Consent, suitability, delivery and acknowledgement are timestamped at the moment they happen.
- We are not a research provider
- Every recommendation is yours and goes out under your name. We never advise your clients ourselves.
- You stay merchant of record
- Clients pay into your own gateway account. We never take custody of your client funds.
05 · Pricing
No licence fee. We take a share, and it shrinks as you grow.
3 months free. After that, 5–10% of what you charge your clients, nothing else. If you bill nothing, you pay nothing.
What it costs you, worked through
Illustrative| If you have | 400 clients | 800 clients | 1400 clients |
|---|---|---|---|
| You bill | ₹4,00,000 | ₹8,00,000 | ₹14,00,000 |
| Our share | 10% · ₹40,000 | 7.5% · ₹60,000 | 5% · ₹70,000 |
| You keep | ₹3,60,000 | ₹7,40,000 | ₹13,30,000 |
400 clients
- You bill
- ₹4,00,000
- Our share
- 10% · ₹40,000
- You keep
- ₹3,60,000
800 clients
- You bill
- ₹8,00,000
- Our share
- 7.5% · ₹60,000
- You keep
- ₹7,40,000
1400 clients
- You bill
- ₹14,00,000
- Our share
- 5% · ₹70,000
- You keep
- ₹13,30,000
Assumes ₹1,000 per client per month. Your rate depends on how many clients you serve. Client payments settle to your own account; our share is billed to you separately.
5–10%of billings
- Your white-label CRM on your own domain
- Unlimited clients, never priced per seat
- AI research, AI insights and model portfolios
- WhatsApp, email and SMS delivery included
- Payments settle to your account, always
No credit card required · Cancel anytime · Niveshraai never holds your client funds
06 · Who is behind it
We are onboarding our first advisors right now.
No client logos to show you yet, and we would rather say so than borrow someone else's. What we can show you is the product, the pricing, and who is accountable for both.
Niveshraai is not a marketplace and does not come between you and your clients. You keep the relationship, the brand and the money. We make you faster, sharper and effortlessly compliant.
“Fourteen years in technology, the last six building capital-markets systems: trading algos, risk engines. One gap kept bothering me: the advisors guiding India's investors run on the least modern tools in the market. Niveshraai exists to close it.”
07 · Before you commit
The questions every advisor asks us.
Still deciding? [email protected] · a real person answers.
Start with the registration check. Everything else takes an afternoon.
Verify your SEBI registration, choose your domain, add your logo, and invite your first client the same day.
3 months free · No credit card required · Cancel anytime
Contact
Talk to us
Questions about onboarding, pricing, or compliance? Send a note and we'll get back to you.
Prefer email? [email protected]