Becoming an investment advisor is about to get a lot easier in India:

India's financial services landscape may see the entry of more professionals offering credible investment advice and researching stocks, with the market regulator proposing to relax some of the severe restrictions that have stunted the sector so far.

Lower eligibility criteria, zero net-worth requirements, and easier fee regulations are among many proposals the market regulator hopes will attract more individuals to be registered investment advisors (RIA) and research analysts (RAs). The measures, proposed in a consultation paper released on Tuesday, aimed to encourage formal routes to financial information and check the rise of unregulated financial influencers on social media.