For SEBI-registered Research Analysts in India
Research analyst CRM for SEBI-registered RAs
A general sales CRM tracks deals. A Research Analyst also has to show, years later, that a client was identified, signed the right terms, paid the right fee and received what you sent. Aktai keeps all of that on one client file, so the record builds as you work.
Included on: All plans. Client limits depend on the plan.
What it does
- A client list with filters for who needs you, who is onboarding and who is active, and a next-step button on each client.
- Onboarding on the client file: PAN verification, Aadhaar eSign on the agreement, risk profile, KRA status recorded with the downloaded KRA record, and consent.
- A step log of every onboarding step with who did it, the time, IP and device.
- Fee plans, GST invoices, payments, renewal reminders and refunds on the same client.
- An interaction log per client: inbound replies, website enquiries, and the calls and meetings you add.
- Consent history per channel kept as a list of opt-ins and opt-outs, not a single flag.
- The client list exports to CSV or Excel for the owner.
How it works
Add or receive the client
Add a client yourself, or let them start from your website onboarding link.
Onboard on the file
PAN, agreement, risk profile, KRA status and consent are steps on the client file, each one logged.
Bill and renew
Set the plan, raise the invoice, record the payment. Reminders go out before it ends.
Everything collects
Sends, replies, calls you log and consents land on the same client record.
Before and after
| Task | By hand | With Aktai |
|---|---|---|
| Where is the client’s record? | A sheet, a chat and a folder of PDFs. | One client file with onboarding, agreement, fees and interactions. |
| Is the client allowed to receive research yet? | You remember. | No note or call goes out until onboarding is complete and a current risk profile is on file. |
| KRA check (PAN against the KRA record) | A screenshot in a chat. | Status recorded on the file, with the KRA record you downloaded attached and fingerprinted. |
| Fees and renewals | A sheet and a calendar reminder. | Plans checked against the SEBI limit, invoices, and renewal reminders in your name. |
The SEBI rule behind it
- RA Master Circular (6 Feb 2026), para 1.13
- Records of interactions with clients and prospects are kept from first contact.
- RA Regulations 2014, Reg 24(6); RA Master Circular (6 Feb 2026), para 1.12(b)
- Neither research nor a fee until the client has consented to the terms and conditions.
- RA Regulations 2014, Reg 25(2)
- Records are kept for at least five years.
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
- This is a client record system for a Research Analyst, not a sales pipeline. There is no lead inbox or deal board.
- Aktai does not look up KRA records for you. You check the client with the KRA, then record the status and attach the record you downloaded.
- Aktai is the software provider. Registration, KYC and compliance stay with you as the registered Research Analyst.
Frequently asked questions
What is a CRM for Research Analysts?
Software that keeps a SEBI Research Analyst’s client records in one place: who the client is, the signed agreement, the risk profile, the fees and every message and interaction.
How is it different from a sales CRM?
A sales CRM tracks leads and deals. This one is built around what a Research Analyst has to prove: identity, consent, fees paid and research received.
Does it check KRA for me?
No. You check the client’s KYC status with the KRA, then record the status on the client file and attach the KRA record you downloaded. Aktai stores a fingerprint of the file.
Can I export my client list?
Yes. The owner can export the client list as CSV or Excel.
Does it replace a lead pipeline?
No. It starts when a client begins onboarding. It is not a lead or deal tracker.
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.