Are you ready to register for PRIM?

Will your firm have net worth of at least ₹2 crore when it applies?

Can you keep at least ₹20 lakh of that in unencumbered liquid assets?

Do you have a Principal Officer who is a graduate, CFA or CA with two years of securities-market experience?

Does that person hold, or can they get, the simplified NISM certification for PRIM?

Do you have a separate Compliance Officer who will not hold another role?

Will you have at least one more employee besides the Principal Officer and Compliance Officer?

Have you budgeted SEBI's fees of ₹1 lakh (application) and ₹10 lakh (registration)?

If you distribute mutual funds, do you have a plan to keep PRIM clients and activity separate from distribution?

Are you ready to prepare a PMS agreement, disclosure document and grievance process (21-day resolution)?

Do you have systems for direct-plan orders, reconciliation, fee calculation, performance reporting and cyber-security?