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Financial Advisor Fees in Mumbai in 2026

What SEBI-registered financial advisors in Mumbai charge. Flat fees, AUA-based fees, and one-time plan costs. How to evaluate value beyond the headline number.

Ajsal Abbas
20 December 2025
4 min read

Quick summary

What SEBI-registered financial advisors in Mumbai charge. Flat fees, AUA-based fees, and one-time plan costs. How to evaluate value beyond the headline number.

SEBI RIA fee ranges in Mumbai (2026)

Mumbai RIA fees are at the higher end of the national range, reflecting the city's higher cost base and the complexity of HNI and BFSI-sector client portfolios.

  • One-time financial plan: ₹20,000–₹75,000
  • Annual advisory retainer: ₹30,000–₹1,25,000/year (SEBI cap)
  • AUA-based: 0.5–2.5% per annum (SEBI cap is 2.5%)
  • Hourly consultation: ₹3,000–₹12,000/hour

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