SEBI has introduced the Accredited Investor (AI) category to recognise investors who have a higher level of financial capacity and are better placed to understand and bear the risks associated with sophisticated investment products. Accredited Investors may, subject to applicable regulations and product-specific eligibility, receive access to certain investment opportunities with greater flexibility and potentially lower minimum investment requirements.

Who Can Become an Accredited Investor?

The following categories can qualify as Accredited Investors if they meet the prescribed criteria:

Investor Category	Eligibility Criteria
Individuals, HUFs, Family Trusts	Annual income ≥ ₹2 crore; OR Net worth ≥ ₹7.5 crore, with at least ₹3.75 crore in financial assets; OR Annual income ≥ ₹1 crore + Net worth ≥ ₹5 crore, with at least ₹2.5 crore in financial assets
Trusts other than Family Trusts	Net worth ≥ ₹50 crore
Body Corporates	Net worth ≥ ₹50 crore

These criteria are prescribed under SEBI's current framework for Accredited Investors.

Why Become an Accredited Investor?

1. Greater Investment Flexibility
AI status can provide access to certain investment products and structures that may have higher risk, complexity or investment thresholds.

2. Lower Minimum Investment Requirements
For certain regulated products such as Alternative Investment Funds (AIFs), Portfolio Management Services (PMS) and GIFT CITY Products Accredited Investors may benefit from lower minimum investment requirements, subject to the applicable regulations and product terms.

3. Access to Sophisticated Investment Opportunities
Depending on the product and applicable regulations, AIs may be eligible for opportunities such as structured products, selected bonds and other investment strategies designed for sophisticated investors.

4. Better Suited for Sophisticated Investors
The AI framework recognises that financially capable investors may have greater ability to evaluate investment risks and absorb potential losses. Accredited Investors may therefore forgo certain regulatory safeguards available to other investors.

How to Apply?

Investors who satisfy the eligibility criteria can apply online through the CDSL Ventures Limited (CVL) Accreditation Agency.

https://aia.cvlindia.com 

The application is verified by the Accreditation Agency, following which an Accreditation Certificate with a unique Accreditation Number is issued if the application is approved. CVL currently indicates an average turnaround time of approximately T+1 working day, subject to complete and satisfactory documentation.

Documents Generally Required

For an individual applicant, the accreditation process may require:

• KYC documents
• PAN and identity/address details
• Income-tax return/acknowledgement or other applicable income proof
• Net-worth certificate from a practising Chartered Accountant
• Supporting financial documents as required by the Accreditation Agency

The exact documentation depends on the applicant's category and the eligibility criterion being used.

What Does It Cost?

CVL's current tariff, plus applicable taxes, is as follows:

Investor Type	Processing Fee	2-Year Certificate	3-Year Certificate
Individuals, HUFs, Family Trusts & Sole Proprietorships	₹5,000	₹5,000	₹9,500
Partnership Firms	₹5,000	₹10,000	₹19,000
Trusts other than Family Trusts	₹5,000	₹15,000	₹28,500
Body Corporates	₹5,000	₹15,000	₹28,500

The processing fee is non-refundable, and applicable taxes are charged additionally.

Important Note

Accredited Investor status does not mean that an investment is safe or guaranteed. It is a regulatory classification based primarily on the investor's financial capacity and KYC information. Investors should independently evaluate the risks, liquidity, suitability and potential loss associated with every investment. Accreditation also does not eliminate the due-diligence obligations of investment providers and intermediaries.

For more information or assistance with the accreditation process, investors may contact us.