Mumbai, Sept. 19 -- Nine hundred and six.

That's how many fee-collecting investment advisers, or so-called Sebi-registered investment advisors (RIAs), India has for its 1.5 billion population, according to BSE.

The Securities and Exchange Board of India (Sebi) is now taking steps to increase that number by making life easier for existing RIAs and incentivizing others to join.

Here's a list of proposals Sebi approved during the recent board meeting:

Sebi has allowed RIAs and research analysts (RAs) to share past-performance data with clients, though only in one-to-one communication. The format or the template for sharing data will be developed in consultation with the industry forum and certified by a member of ICAI/ICMAI.

The data-sh...