For SEBI-registered Research Analysts in India
Model portfolio software for SEBI Research Analysts
SEBI treats a model portfolio as research with its own rules. Aktai lets you build one with weights, and it will not publish until the weights total 100% and the benchmark, methodology and investment horizon are filled in. A published portfolio is locked, so what clients saw is what is on record.
Included on: Professional and Firm plans
What it does
- Build a basket of stocks with weights. Publishing is refused until the weights total exactly 100%.
- A benchmark index, the construction methodology and the investment horizon must be filled in before you can publish.
- A published portfolio is locked. To change it, archive it and start a new draft.
- An allocation preview shows how many shares each weight buys for an amount you enter.
- XIRR, CAGR and a Nifty comparison on your model portfolios, inside your portal.
How it works
Build the basket
Add the stocks and set a weight for each. The weights must total 100%.
Fill in the disclosures
Benchmark index, methodology and investment horizon. Publishing is refused without them.
Publish and lock
Once published, the basket cannot be edited. Archive it and start a new draft.
Check the numbers
Open the stats to see XIRR, CAGR and the Nifty comparison. They stay in your portal.
Before and after
| Task | By hand | With Aktai |
|---|---|---|
| Weights | A sheet where the total is wrong by 0.4%. | Refused unless they total 100%. |
| Disclosures | Added to the PDF if you remember. | Benchmark, methodology and horizon required to publish. |
| Changing a published portfolio | Edit the sheet and hope nobody compares. | Locked. Archive it and start a new draft. |
The SEBI rule behind it
- RA Master Circular (6 Feb 2026), Annexure A, items 2(ii), 2(iv) and 2(vii)
- A model portfolio states its benchmark, its construction methodology and its investment horizon.
Summaries in plain words, not the legal text. SEBI amends its rules and circulars, so check the current version on sebi.gov.in before you rely on any of this. Aktai is the software and the record. Compliance stays with you as the registered Research Analyst. This is not legal advice.
What it does not do
- Aktai enforces three of the disclosures in the framework: benchmark, methodology and horizon. The rest of the framework is yours to complete.
- Aktai does not place orders and does not connect to brokers. Baskets are not sent to clients from Aktai.
- XIRR, CAGR and the Nifty comparison are hypothetical, shown in your portal only. Do not use them in an ad.
Frequently asked questions
What does Aktai check before I can publish a model portfolio?
That the weights total exactly 100% and that a benchmark index, the construction methodology and the investment horizon are filled in.
Can I edit a portfolio after publishing it?
No. A published portfolio is locked. Archive it and start a new draft.
Does Aktai execute the trades?
No. Aktai does not place orders or connect to brokers.
Can I advertise the XIRR or CAGR?
No. They are hypothetical figures for your own use in the portal. SEBI bars past performance in ads unless it is verified through PaRRVA.
Related features
Run your research desk on Aktai
Open to SEBI-registered Research Analysts. Pick a plan on the pricing page and sign up online.