Why SEBI Registration Matters
India has thousands of self-proclaimed "stock market advisors" on Telegram, YouTube, and WhatsApp. Most are unregistered, unqualified, and operating illegally. SEBI registration (RIA — Registered Investment Adviser) means the advisor has passed NISM certifications, submitted to regulatory audits, and maintains a minimum net worth of Rs 50 lakh (for individual RIAs).
If an advisor is not SEBI-registered, they cannot legally charge fees for investment advice in India. Period. You can verify any advisor's registration at sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=13.
Top SEBI Registered Investment Advisers in Delhi NCR
These advisors are verified on SEBI's database as of April 2026. We list their registration number, fee structure, and what they specialize in.
1. Capitalmind (Deepak Shenoy)
SEBI Reg: INA200005858 | Location: Gurgaon (Haryana)
Speciality: Smallcase portfolios, momentum strategies, long-term equity. Known for transparent, data-driven approach. Premium plans start at Rs 30,000/year.
Best for: Serious investors with Rs 10+ lakh portfolio who want research-backed portfolio management without PMS fees.
2. Research & Ranking (Manish Bansal)
SEBI Reg: INA000007621 | Location: New Delhi
Speciality: Stock picks with detailed research reports. Monthly stock recommendations with entry, target, and stop-loss. Plans from Rs 15,000/year.
Best for: Retail investors who want curated stock picks with reasoning, not just "buy XYZ" tips.
3. Dr. Vijay Malik
SEBI Reg: INA100012888 | Location: Delhi
Speciality: Value investing, financial statement analysis. Known for extremely detailed company analysis posts (3,000-5,000 words each). His blog is free; paid advisory is selective.
Best for: Long-term value investors who want to learn fundamental analysis while getting specific stock ideas.
4. Tavaga Advisory (Gaurav Rastogi)
SEBI Reg: INA200014978 | Location: Gurgaon
Speciality: Algorithm-based portfolio advisory. Uses quantitative models for asset allocation. App-based interface with automated rebalancing suggestions.
Best for: Millennials and tech-savvy investors who prefer algorithm-driven advice over traditional advisory.
5. RKGV Advisory (R.K. Gupta)
SEBI Reg: INA100017336 | Location: Noida (UP)
Speciality: Equity and derivatives advisory. Combination of fundamental picks and F&O strategies. Monthly plans from Rs 10,000.
Best for: Active traders in Delhi NCR who want both equity and F&O calls.
6. Jarvis Invest
SEBI Reg: INA200014059 | Location: Noida
Speciality: AI-powered stock advisory. Algorithm selects stocks based on 40+ parameters. Plans from Rs 999/month.
Best for: Retail investors who want low-cost, technology-driven stock picks without paying PMS-level fees.
7. Green Portfolio
SEBI Reg: INA200005498 | Location: Gurgaon
Speciality: Smallcase manager specializing in ESG and thematic portfolios. Known for ethical investing focus. Minimum investment Rs 50,000.
Best for: Investors who want portfolio management exposure through Smallcase without the Rs 50 lakh PMS minimum.
8. Niveshaay
SEBI Reg: INA000008576 | Location: New Delhi
Speciality: Smallcase manager focused on micro-cap and small-cap stocks. High-risk, high-reward approach. Minimum Rs 1 lakh investment.
Best for: Aggressive investors comfortable with small-cap volatility who want curated small-cap exposure.
How to Verify SEBI Registration
- Go to sebi.gov.in
- Navigate to: Intermediaries → Investment Advisers
- Search by name or registration number
- Confirm the registration is "Valid" (not expired or suspended)
- Cross-check the address matches what the advisor claims
If the advisor is not in SEBI's database — walk away. No matter how impressive their Telegram channel looks.
Red Flags: Fake Advisors in Delhi NCR
- "Guaranteed returns" — SEBI prohibits advisors from guaranteeing returns. Anyone promising 10%/month is either lying or running a Ponzi scheme.
- "Join my Telegram for free tips" — Free tips are legal if the person doesn't charge. But most "free" Telegram groups are funnels for paid services run by unregistered operators.
- "Just pay once and earn lifetime" — Legitimate advisors charge ongoing fees (flat or % of portfolio). A one-time "course fee" that includes "live calls" is almost always unregistered advisory disguised as education.
- No SEBI number displayed — Registered advisors are required to display their SEBI registration number on all communications. If you can't find it — they don't have one.
Alternative: Self-Directed Trading With Low-Cost Brokers
If advisory fees seem high relative to your portfolio, consider self-directed trading:
- Domestic (NSE/BSE): Open a Zerodha or Angel One account — Rs 0 account opening, Rs 20/trade for F&O
- International (Forex/Gold/Indices): Start with XM's $30 free bonus to test strategies risk-free, or Exness from $1
- Learn first: Our Nifty intraday strategies guide has 5 backtested setups with exact entry/SL/target levels — free