Readiness assessment
Fintech & Banking · Wealth

The DPDP Act for Wealth & Investments

Broking, advisory and wealth platforms hold KYC, portfolio and behavioural data under both SEBI rules and the Act.

In short

Wealth and broking platforms hold KYC, portfolio and behavioural data under both SEBI rules and the DPDP Act. Consent, minimization and rights apply, alongside SEBI record-keeping and suitability requirements. Penalties reach ₹250 crore.

Core impacts

What changes for this sub-sector.

Consent and profiling

Risk-profiling and advisory use personal data; take clear consent and avoid unrelated reuse.

SEBI overlap

SEBI record-keeping and KYC rules coexist with DPDP; retention obligations may override erasure.

Data minimization

Collect only what advice or execution needs; avoid excess device or contact data.

Investor rights

Clients can access, correct and erase personal data, within regulatory-retention limits.

Processors and cross-border

Custodians, RTAs and analytics vendors are processors; watch cross-border data flows.

Check your advisory and broking data.

The readiness check flags consent, retention and cross-border gaps.

Take the readiness check