SEBI CSCRF for Individual Investment Advisers
Individual Investment Advisers sit outside the scope of CSCRF as the framework currently stands.
Individual IAs excluded from CSCRF (Apr 2025).
Classification
What decides the tier for an Individual Investment Adviser
Individual Investment Advisers sit outside CSCRF as the framework currently stands. The exclusion attaches to the registration category and not to the person holding it, so an adviser who takes a second SEBI registration is read under that second category, not under this one.
No measurement applies. Individual Investment Advisers are classified directly by the framework, so the tier does not change with size, client count or assets.
Some answers put an Individual Investment Adviser outside CSCRF entirely. The wizard states the exact threshold and shows the exemption alongside the result.
An individual adviser holds client financial profiles, risk assessments and often account access, typically on personal-grade infrastructure with no separate administrator: a laptop, a mail account and a document store, patched by the person using them. Client data obligations under other law continue to apply, as do the SEBI Investment Adviser Regulations themselves.
Where this goes wrong
The exclusion follows the registration
Two ordinary events end it. Registering in another SEBI category brings the obligations of that category with it. Converting to a non-individual entity moves the registration into a category the framework does reach. Either of those is a business decision made for business reasons, and the compliance consequence tends to be discovered afterwards rather than planned for.
How we help
CERT-In empanelled, and the report is written for the submission
We run the VAPT and cyber-audit scope your tier requires, and the report is mapped to the CSCRF control set so it can be filed as written.
Verified against the source circulars as of 3 August 2026.
FAQ
Common questions
These are the questions we are asked most often about this category.
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