all you need to know:
http://www.sebi.gov.in/faq/faqpms.html
Summary:
1. Rs.1,00,000 as non-refundable application fee.
2. Rs.10,00,000 as registration fee for first three years, Rs. 5,00,000 every three years thereafter.
3. Rs. 2,00,00,000 as Networth.
4. Each client should deposit a minimum of Rs.5,00,000