The Securities and Exchange Board of India (SEBI) has implemented a monthly fee of ₹85,000 or 0.0000416% of assets under custody for custodians, effective from October 2026. Additionally, certified asset statements will be required as part of the payment.
SEBI's New Monthly Fee Structure for Custodians
The Securities and Exchange Board of India (SEBI) has released a circular mandating custodians to transition to a monthly fee model, effective from October 2026. This new regime requires custodians to pay ₹85,000 or 0.0000416% of the total assets under their custody on a monthly basis.
In addition to the payment, custodians are required to submit certified asset statements to accompany the fees. This move is aimed at improving transparency and accountability in the custodian services sector.
Legal practitioners advising clients in the financial sector should be mindful of this new regulatory change and ensure they communicate these requirements to affected parties. This change may also impact the cost structure for entities engaging custodial services.
Citations
- SEBI Circular, 2026
