What is a SEBI Research Analyst?
A SEBI Research Analyst (RA) is an entity registered with SEBI to publish research reports on securities. They must pass NISM Series XV certification and comply with SEBI RA regulations.
Software Used by Research Analysts
- Bloomberg Terminal or Refinitiv Eikon — institutional data
- Trendlyne, Screener.in — Indian retail-grade screening
- StockEdge — fundamental analysis and screening
- Excel/Python — for financial modelling
- CRM tools — for client report distribution
- Custom report templates — for SEBI-compliant reports
How Simpli Trade Supports RA Learning
StockDesk on Simpli Trade helps learners understand the research process — screening, ratio analysis, sector comparison. It is a learning tool, not a professional RA software. The platform is ideal for students preparing for NISM certifications.
SEBI Compliance for Research Analysts
- Must display registration number on all reports
- Mandatory disclosure of conflicts of interest
- Cannot provide personalised investment advice (only research)
- Must maintain records of all published research
- Subject to SEBI inspection