The fintech industry is growing leaps and bounds. Also, all the popular sectors of the finance industry, like sub-brokers, mutual fund distributors, DSA, and agents, collectively contribute to the success of the fintech industry.
Also, with so much competition, it is hard to identify the Best Fintech Franchise in India. That said, to help the aspiring entrepreneurs, we have compiled the best Fintech franchise businesses.
This article will highlight those businesses in the fintech industry that have a future. Also, it will delve into industry-best companies that offer different fintech services.
So, without further delay, check out this article and find the Top Finance Franchise Business.
Best Finance Franchise in India – List of Top 10 Fintech Franchise Businesses
| Si. No. | Best Fintech Franchise |
| 1 | Sharekhan Sub Broker |
| 2 | NJ Mutual Fund Distributor |
| 3 | LIC Agent |
| 4 | HDFC Bank DSA |
| 5 | Motilal Oswal Sub Broker |
| 6 | Prudent MF Distributor |
| 7 | Angel One Sub Broker |
| 8 | SBI DSA |
| 9 | Groww MF Distributor |
| 10 | ICICI Prudential Agent |
Finance franchise businesses have seen tremendous growth over the recent past.
In addition, it became a significant industry offering great opportunities to the young and aspiring individuals who want to start a franchise business.
As we said earlier, we have categorised the Top Fintech Franchise in India.
So, we categorised them based on various factors such as initial investment, support, commission structure, brand reputation, overall growth, etc.
Each of the franchise businesses on our list offers the Best Finance Franchise Opportunities to business enthusiasts.
So, while Sharekhan offers the best sub-broker franchise opportunity, NJ offers the best mutual fund distributor franchise.
Similarly, LIC provides the best agent business opportunity to the aspirers.
Sharekhan Sub Broker – Best Fintech Franchise in India
Sharekhan is the most prominent sub-broker business provider in the industry.
With over 7000+ sub-brokers catering services, it became a trusted franchise business for many aspiring sub-brokers.
Moreover, it emerged as the Best Fintech Franchise in India by offering different business models like sub-brokership, partner program, and refer-and-earn model.
Pros of Sharekhan Sub Brokership
- Sharekhan is the most trusted brokerage house in the industry with an excellent track record. So, partnering with such a big brand gives a strong push to the business.
- Also, the revenue sharing is 60% – 70%, which is relatively high in the industry.
- Moreover, the sub-brokers of Sharekhan can make excellent profits, which go up to Rs.1,01,600.
- Furthermore, Sharekhan uses advanced platforms for managing the customer’s trading data.
- Lastly, the one-time security deposit is Rs.70,000 to Rs.1 lakh, which is affordable for most of the business aspirants.
Cons of Sharekhan Franchise
- Firstly, Sharekhan does not have free delivery trading or brokerage for the first month.
- Also, Sharekhan has only a serious existence in the urban areas.
- Moreover, Sharekhan has no per-client acquisition cost.
NJ Mutual Fund Distributor – Best Finance Franchise in India
The second Best Finance Franchise in India is a mutual fund distributor brand.
Also, NJ Mutual Fund Distributor takes the crown with its 5000+ distributors and a 2-3 month break-even time.
Moreover, it was established in 1994, which makes it one of the oldest distributor businesses in the country.
Furthermore, this shows the credibility and reliability of the customers in the business.
Pros of NJ MFD Platform
- Firstly, the NJ’s assets under management are more than Rs.1,51,613, Crore, which are the largest in the industry.
- Also, NJ has a diverse range of mutual fund products to offer for its clients from PMS, NPS, ETFs, equities, loans against MF, FDs, etc.
- NJ Wealth has access to all corners of the country, which means the chances of getting clients are high.
- Also, when it comes to support, NJ Wealth gives tough competition to its peers.
- In addition, the distributors can make a net profit of 58.75% from the business.
Cons of NJ MF Distributor Business
- Firstly, the NJ Mutual Fund Distributor business does not offer a per-client acquisition cost to the agents.
- Also, the one-time distributorship fee is Rs. 1 lakh, which could be a burden for many upcoming entrepreneurs.
- Unfortunately, NJ MF does not offer per-client acquisition costs to its agents, which could be considered a setback by some agents.
LIC Agent Program – Top Fintech Franchise in India
LIC is an undisputed leader in the insurance industry with its roots established ages ago.
Also, it is the Top Fintech Franchise in India that offers attractive commissions and other rewards to its agents.
Moreover, with over 14 lakh+ agents operating under its umbrella, it is the most trusted insurance brand in the country.
Furthermore, it has the shortest breakeven time of 1 month, which is only possible for LIC to offer.
Pros of the LIC Insurance Agent Business
- LIC offers the best commission rates in the industry, which 15% of the premium for health insurance.
- Also, by joining LIC, the agents can make monthly profits of approximately Rs.62,500.
- Moreover, it lends unparalleled support to its agents with its dedicated RM, service training, product training, and back-office support.
- For those looking for different business models, it has both corporate and individual agent models.
- The office requirements are very minimal, and it is only optional to have an employee, reception, CCTV set-up, etc.
Cons of LIC Insurance Franchise
- For an established business like LIC, the product range is limited. It has no business, travel, or motor insurance products.
- With lakhs of existing agents, it could be tough to survive the competition and succeed as an LIC agent.
- Though LIC is a big brand, its products are limited to life, health, and ULIPs.
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HDFC Bank DSA – Top Finance Franchise in India
HDFC Bank is one of the leading banks in the industry.
Besides, it is also the Top Finance Franchise in India, catering its services through its 1000+ DSAs.
Also, with both corporate and individual DSA models, it has evolved as the top DSA business provider in the industry.
Also, the agents working for HDFC Bank can retain the best commissions in the industry.
Pros of HDFC Bank DSA Business
- First and foremost, HDFC Bank offers impressive commissions to its agents that range between 0.2% to 2.5% of the loan value.
- Moreover, the bank has a dashboard feature where the agents can neatly maintain the records about the clients.
- Furthermore, HDFC Bank also offers Rs.800 to Rs.1,500 per credit card.
- Also, the infrastructure investment is only Rs.25,000 to Rs.60,000, which is optional.
- HDFC Bank also has an outstanding loan partner support, like a dedicated RM, service training, product training, webinars, etc.
Cons of HDFC Bank DSA Franchise
- The direct selling agents of HDFC Bank do not provide home loan commission over 0.5%.
- Coming to the support, the bank only has limited marketing support for its agents.
- Also, an instant loan or advance salary loan option is available for the agents.
Motilal Oswal Sub Broker – Top 10 Fintech Franchise in India
The fifth Best Fintech Franchise business on our list is the Motilal Oswal sub-broker business.
Moreover, it is one of the first Indian stockbroking houses in the country with exceptional portfolio management services.
The company has established itself as a dignitary in the sub-broker industry by offering outstanding services in trading, PMS, research advisory, investment banking, wealth management, etc.
Pros of Motilal Oswal Sub Broker Business
- Motilal Oswal offers three popular business models to its agents. As a Top 10 Fintech Franchise in India, it provides sub-brokership, a partner program, and a refer-and-earn program.
- Also, by onboarding more clients, the agents can retain handsome commissions of up to 60% to 70%.
- Moreover, the agents can render outstanding support from the brand in terms of branding, back-office, advisory, etc.
- Besides commission, the sub-broker can earn decent profits of Rs.1,01,000 in less than three months.
- Lastly, Motilal Oswal offers a per-client acquisition cost of Rs.150 for its sub-brokers.
Cons of Motilal Oswal Franchise
- Firstly, the agents are required to pay a one-time security deposit of Rs.1 lakh to Rs.2 lakh, which could be a burden for many.
- Also, if the agent fails to onboard a decent number of clients, there won’t be any profits.
- Motilal Oswal does not have free delivery trading or 1st month free brokerage offers.
Prudent MF Distributor – Top 10 Finance Franchise in India
Prudent MF Distributor was also added to our list of Top 10 Finance Franchise in India with over 1000+ mutual fund distributors.
Also, the fintech franchise has more than 25 years of experience in the industry, which makes it a go-to franchise business for many young entrepreneurs.
With a distributorship tenure of 2 years, it offers the best AUM in the industry, which is 0.6% to 1.2%.
Pros of Prudent MFD Platform
- The brand offers great marketing support to its agents in terms of videos, emailers, images, etc.
- The distributorship fees are very low in the industry, which are only Rs.5,000.
- The fund house provides its agents with advanced marketing tools, which can be very helpful for the agents.
- Moreover, Prudent has a mobile application through which the agents can access the clients’ portfolios easily.
- Also, the minimum commission is above 1%.
Cons of Prudent MF Distributorship
- Though it offers good revenue sharing, the per-client acquisition cost is zero.
- Also, the company has a minimal product range for its clients, which could limit the services of the agents.
- However, there is no direct mutual fund option for the distributors to offer to the clients.
Angel One Sub Broker – Best Investment Franchise in India
Angel One is yet another Best Investment Franchise in India with over 20,000 sub-brokers catering to its clients.
Also, with three business models, this franchise business is one of the go-to options for business enthusiasts.
Moreover, the sub-brokers can earn a decent income in the industry, which goes up to Rs.1,65,000.
Pros of Angel One Sub Broker Business
- Angel One offers the best commission in the industry, which is 50% to 70%.
- Also, in just 30 days, the sub-broker can get their hands on their commissions.
- Moreover, in this sub-brokership model, the sub-brokers can earn Rs.200 for each client acquisition.
- The one-time security deposit is Rs.50,000 to Rs.1 lakh, which is affordable for most of the sub-brokers.
- Angel One offers a wide range of products so that the sub-brokers can sell them on their platform.
Cons of Angel One Franchise
- Angel One does not offer 1st month free brokerage. Also, it has zero brokerage on loss-making trades.
- At Angel One, the break-even time is three months, which is relatively high compared to its peers.
- The office expenses, which range between Rs.40,000 and Rs.75,000, may be burdensome for some sub-brokers.
SBI DSA – Top Fintech Partner Program
State Bank of India needs no introduction.
It is one of the most prominent banks in the country, which is trusted by millions of customers.
Moreover, its DSA program is as popular as its other franchise businesses.
It is the Top Fintech Partner Program with 1000+ DSAs operating under it. Also, it has both corporate and individual DSA models.
Pros of SBI DSA Franchise
- The SBI DSA earns a very impressive commission by selling the loan products to the customers. Moreover, the commission ranges between 0.2% to 2.25%.
- Furthermore, the agents can efficiently operate the business model as it does not use advanced technical tools.
- Also, with the established name and trust, it is very easy to onboard new clients.
- In addition, on average, the agents can earn a monthly profit of Rs.49,500.
- Lastly, it offers a commission of Rs.500 to Rs.1,500 on issuing credit cards.
Cons of SBI DSA Business
- There is no dedicated dashboard feature for the SBI DSA franchise, which is a limitation for the business.
- Moreover, SBI does not offer back-office support or webinars for the agents.
- Also, it offers minimal marketing support to its DSAs.
Groww MF Distributor – Best Money Management Franchise
Groww is the Best Money Management Franchise that offers out-of-the-box mutual fund distributor services.
Also, with a total investment of Rs.25,000, an individual can start the MFD business with Groww.
Moreover, the MFD can earn a monthly profit of up to Rs. 68,000, considered the best in the industry.
Pros of Groww MFD Platform
- As a Groww MFD, the individual can easily fetch the clients with the help of its already established trust.
- Besides, the best part is that there are no distributorship fees.
- Moreover, the distributors can enjoy fantastic and continuous support from the brand.
- With more than a decade of experience in the field, it is easy to grab the attention of the customers.
- The best part is that there is an option to invest in multiple instruments with Groww MFD.
Cons of Grow MF Distributor Business
- For client acquisition, Groww does not provide any separate amount.
- Moreover, Groww does not offer free advisory or direct mutual fund features to its agents.
- At the end of the day, the commissions and profits depend on the market conditions, which are liable to change.
ICICI Prudential Agent – Top Finance Franchise Opportunity
Last but not least, ICICI Prudential makes it to our list and becomes the Top Finance Franchise Opportunity.
With over 2.1 lakh+ agents, it is the leading agent franchise business in the industry.
Also, the agents can make a commission of 1.5% to 5% of the premium by selling various products.
With a very minimal registration and training fee of Rs.2,000 to Rs.4,000, the business partners with Groww.
Pros of ICICI Prudential Insurance Franchise
- ICICI Prudential lends exceptional partner support through dedicated RM, service training, product training, webinars, back-office, etc.
- Also, its back-office platform has numerous features like lead addition, lead stage info, lead deletion, commission mapping, etc.
- Moreover, ICICI Prudential encourages its agents by offering both corporate and individual business models.
- Furthermore, the registration and training fees are Rs.2,000 to Rs.4,000, which is low.
- Besides, the back-office platform has many features like lead addition link, manual lead addition, client activation report, portfolio report, etc.
Cons of ICICI Prudential Insurance Agent Business
- ICICI Prudential has minimal products. Moreover, it only has life insurance and ULIP plans for sale.
- The renewal income the ICICI Prudential offers is pretty low.
- Moreover, ICICI Prudential does not offer a health insurance commission of 10% or more.
Best Fintech Franchise Business Opportunity – Conclusion
These are the leading fintech franchise businesses in India, evaluated based on their network, support, commission structure, and overall reliability.
Whether you are looking for a sub-broker brand or an MFD business, you will find the Best Fintech Franchise in India here.
These brands not only excel in their financial services but also encourage agents to kickstart their entrepreneurial journey on a successful note.
So, without further ado, check out the eligibility criteria for these businesses and start your fintech franchise business right away.
FAQs on Top 10 Finance Franchise Business in India
Check out the frequently asked questions on Best Investment Franchise Opportunities in India.
Which company offers the best finance franchise opportunities in India?
According to our list, Motilal Oswal provides the best fintech franchise business in the industry. Moreover, it has phenomenal support for the agents.
What is the potential income from a fintech franchise?
It changes from industry to industry. For example, the loan DSA earns up to Rs.30,000 to Rs.1,00,000 monthly. Meanwhile, the insurance agent earns Rs.25,000 to Rs.75,000. On the other hand, the sub-broker makes Rs.40,000 to Rs.1,50,000. Lastly, an MFD earns Rs.20,000 to Rs.80,000.
What qualifications are needed to become a fintech business partner?
The eligibility criteria to become a fintech partner are very minimal. Firstly, the individual must be 18 years of age. Next, the person must have a 10+2 qualification along with NISM certification.
How much capital is required to start an investment partner business?
The initial cost to join as an investment partner varies by company. For instance, the initial investment of a sub-broker is between Rs.10,000 to Rs.3.5 lakhs.
Is having a physical office mandatory to operate a finance franchise?
No company mandates its agents to rent an office space for running a fintech franchise business.
Do you need to pass any exam to launch an investment franchise?
Yes, the eligible candidates must pass the NISM Series V-A exam to join as a Mutual Fund Distributor.
Is starting a fintech partner business a profitable venture?
The factors that contribute to the success of a fintech partner program are network, commissions, support, and other key elements. If your business meets this criterion, then it can turn out to be profitable.
Which finance partnership program offers the highest revenue share or commission?
As per our list, Sharekhan Sub Broker offers the highest commission, which is 60% to 70% of the brokerage revenue.
Can Non-Resident Indians (NRIs) start a fintech franchise in India?
Yes, in India, NRIs can also join the fintech franchise business. Nevertheless, the rules and regulations will be slightly different for them.
Do fintech companies provide an online dashboard for business tracking?
All fintech brands have the dashboard feature for their partners. For the unknown, the dashboard is a place where the partners easily manage their clients and earnings.