Suitability gate, advisory agreement, fee cap enforcement, disclosures, and a tamper-evident audit trail. Built for the SEBI Investment Adviser Regulations 2013, not bolted on after the fact.
Registered as INA with SEBI? Book a demo and we will walk you through the IA-specific compliance workflow.
Book a demoOr email [email protected].
What is built
Every feature below is live. SEBI IA Regulations 2013, not a roadmap.
Advice to a client is blocked server-side until you have a current risk profile, a suitability finding, and a signed advisory agreement on file. The obligation is enforced, not optional.
IA-specific advisory agreement template under SEBI IA Regulations 2013, versioned per firm. Per-client consent recorded and auditable. A fresh version triggers re-consent before the next send.
Fixed fee (capped at Rs 1,51,000 per year per client) or AUA-based (capped at 2.5% per year). AUA is marked to market from live holdings. Hard cap enforced server-side: plans that breach the limit are rejected.
Firm-level conflicts-of-interest disclosure, surfaced on the client portal alongside every advice send. IA-specific advertisement code rules enforced on all AI-drafted content.
SEBI risk-profiling questionnaire with annual re-assessment. Suitability findings documented per client, with rationale, objective, and time horizon. Coverage report shows which clients are current and which need action.
Tamper-evident SHA-256 chained log of every advice send, suitability finding, and agreement consent. Five-year retention, CSV export, and the same engine that covers SEBI Reg 25 for Research Analysts.
Send advice under your firm name over WhatsApp and email. Every delivery logged with a timestamp, channel, and linked suitability record.
PAN verification and Aadhaar e-sign built in. Client records are stored against your firm account. No KRA upload required from Aktai.
How the advice gate works
Registered as a Research Analyst (INH)? The full RA product is also live.
See Aktai for SEBI Research Analysts โYes. Aktai now supports SEBI-registered Investment Advisers under the SEBI Investment Adviser Regulations 2013. The platform handles suitability gating, advisory agreements, the IA fee regime, disclosures, and the audit trail. Book a demo to see it live.
Before you can send advice to any client, the platform checks three things: a current risk profile (not expired), a suitability finding assessed against that profile (SUITABLE or SUITABLE_WITH_CAVEATS), and a signed advisory agreement. If any of these is missing, the send is blocked with a machine-readable reason. This is enforced at the API level, not just the UI.
SEBI caps IA fees at 2.5% of assets under advice per year (AUA-based mode) or Rs 1,51,000 per client per year (fixed mode). The platform enforces these caps server-side. A fee plan that breaches the cap is rejected at creation. AUA is computed from the client holdings you enter, marked to market via live prices.
Yes. The IA product is a separate account type (registered as INA instead of INH). Model portfolios and stock recommendations, which carry sub-adviser risk, are not available to IA accounts. The IA account gets suitability records, an advisory agreement flow, IA-specific advertisement compliance checks, and the IA fee regime, none of which exist in the RA product.
SEBI requires separate registrations for Research Analyst and Investment Adviser activities. Aktai mirrors this: an RA account is distinct from an IA account. If your firm holds both registrations, each would be a separate Aktai account. Contact [email protected] to discuss setup.
Not legal or compliance advice. SEBI regulations govern Investment Adviser obligations; consult your compliance officer for your specific requirements.
Book a 30-minute demo. We will show you the suitability gate, fee regime, and audit trail live.
Book a demoNot financial advice. Aktai is software for SEBI-registered Research Analysts. It is not a financial adviser, broker, Investment Adviser, or Research Analyst, and is not registered with SEBI or any other financial regulator. It surfaces public filings and news and drafts factual notes for the registered analyst to review, edit, and sign. Aktai does not author research, make recommendations, or decide what any security is worth. The view, the recommendation, and the regulatory responsibility stay with the registered analyst who sends the note. Full disclaimer โ