IIFL Sub Broker or Franchise – Cost, Commission, Profits, Support & more

Here are all details related to IIFL Franchise or Sub Broker review. India Infoline, well-recognized as IIFL is one of the oldest players in the financial market.

Established in 1995, the full-service broker has come a long way by offering traders and investors cutting-edge financial products and services.

Those who want to start the IIFL Franchise can invest in any of the four business models the company offers.

IIFL Sub Broker program offers an immense scope of growth both individually and at the business level.

In this review, we will discuss all vital details about this sub-broker program, from its benefits to eligibility requirements, commission, investment, profits, and more.

Why Start an IIFL Franchise?

IIFL is a long-standing Indian brokerage house that provides lucrative venture opportunities for individuals and businesses alike.

The following points highlight the advantages of starting an IIFL Franchise:

• IIFL is a reputed brand name in the Indian financial landscape that already works with more than 12,000 sub-brokers and caters to 40 lakhs+ customers.
• The company provides both traditional and modern financial products, from equity to insurance and IPOs, to meet the needs of people of all genres.
• Depending on your contribution to the brokerage house, you can earn a lucrative commission of somewhere between 60% to 75%.
• Talking about your profit-making potential, it can amount to Rs.1,42,500 on average. An authorized person can start earning returns on your investment in about two months. Moreover, the company pays its sub-brokers within 30 days.
• IIFL offers the potential partners the flexibility of investing in any of the four business models, including franchise, marketing associate, employee to entrepreneur, and remisier /direct sales agent (DSA).

One of the vital things you might be interested in knowing is the IIFL Sub Broker Commission before making any investment decision.

So, let’s discuss what commission can IIFL offer to its sub-brokers:

By working as IIFL’s authorized person, you can retain commissions anywhere between 60% to 75%, which is an excellent deal.

The commission you earn will basically depend on how much amount you invest in the franchise. To earn more, you will have to invest more.

Aside from commission, IIFL also offers a fixed amount of Rs.200 on adding each new client to the company’s customer base.

Remember that commission and cost are two vital sides of the same coin. So, in addition to the commission, you should also know about franchise investment:

When desiring to start an IIFL franchise, you must be prepared to invest in the company. The minimum IIFL Franchise Cost is Rs.50,000 to launch the sub-broker franchise.

And the maximum amount for security deposit can reach Rs. 1 lakh. Keep in mind that your revenue sharing percentage will depend on how much deposit you keep with the brokerage house.

In addition to security deposit, you will also have to spend Rs.3,000 once as exchange charges. Your investment doesn’t end here! Sub-brokers are also mandated to set up an office.

Thus, your office expenses can vary from Rs.40,000 to Rs.60,000, depending on the office’s location.

IIFL Securities Sub Broker Franchise Profits & Income

Check out IIFL Securities Franchise Profits & Income here.

You might be curious to determine how much IIFL Sub Broker Profits you can take home after increasing the company’s clientele base.

Imagine you bring 800 clients to the brokerage house, of which 250 started actively trading and investing.

Let’s say IIFL offers a commission of Rs.1,100 on each active client, which will add the funds up to Rs.2,75,000. IIFL let its sub-brokers retain a whopping share of 70%, which is Rs.1,92,500.

Now, suppose you acquire 50 new clients for the broker and receive Rs.10,000 as client acquisition income. Your total funds will sum up to Rs.2,02,500.

However, you incurred some office expenses amounting to Rs. 60,000, which deducted your share to Rs.1,42,500.

So, as a sub-broker, you can expect to make a net profit of Rs.1,42,500 at a margin of 50%.

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IIFL makes all possible efforts to make it convenient for its sub-brokers to run the franchise. In this section, we will explore all IIFL Franchise Offers that can smoothen your franchise journey:

The most attractive part of being part of the IIFL franchise program is you can earn more than 50% commission. However, you will have to make some investments to earn a lucrative commission.

IIFL believes that providing free advisory services can help sub-brokers run the franchise professionally. Now, let’s talk about a few aspects the IIFL franchise model lacks.

Sadly, you can’t avail yourself of free delivery trading, flat brokerage charges, no brokerage on loss-making trades, and first-month free brokerage offers.

IIFL Authorized Person SWOT Analysis

This section will cover the SWOT analysis of IIFL Authorized Person:

Strengths

• Lucrative revenue sharing model with commission ranging between 605 and 75%.
• The company provides customized support and personalized branding assistance to its sub-brokers.
• By accessing the advanced technology platforms, authorized persons can seamlessly manage client portfolios.
• IIFL offers four flexible business models for potential sub-brokers- franchise, marketing associate, employee to entrepreneur, and remisier/direct sales agent (DSA).
• The brokerage house caters to people of all genres by providing trading and investing opportunities in both traditional and modern financial products.

Weaknesses

• There’s no free delivery trading facility available, and sub-brokers need to pay brokerage on loss-making trades, posing a financial burden to them.
• No webinars are organized, which limits the financial landscape-related knowledge of sub-brokers.
• Not everyone can afford to pay the IIFL franchise cost, which is relatively higher than the competitors.

Opportunities

• IIFL can attract more clients by offering foreign stocks and loans.
• The company can pioneer in terms of technological aspects by launching thematic and foreign stock investment platforms.
• Organizing webinars and workshops in rural and semi-urban areas can educate people and, thus, increase the sub-broker network.

Threats

• New entrants in the financial sector can provide tough competition to IIFL.
• High inflation and increasing job layoffs are negatively impacting trading and investment rates.
• Sudden changes in SEBI guidelines and regulations governing the financial sector could impact IIFL’s business operations.

IIFL AP Support is the first course of action you can turn to whenever experiencing any issue while running the franchise.

It all starts with a professional relationship manager (RM) guidance to overcome the obstacles in business operations.

With IIFL, you can learn the know-how of becoming a dealer. In addition, the firm organizes product training programs to teach everything about its financial products and service offerings.

Acquisition support is your ultimate solution to master the skills and tactics to acquire new clients. If you think having advice on each stage of business can help, you should look no further than advisory support.

Furthermore, the company provides back-office support to aid you in completing all behind-the-scenes tasks efficiently.

They also help sub-brokers advertise their franchise in specific geographical areas.

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IIFL Franchise is one of the top business models that the company offers. Therefore, they will require potential sub-brokers to meet certain office requirements to live up to the brokerage house’s brand name.

The first thing you should start with is looking for a 200 to 300 square feet space to set up an office. Next, the thing you must work on is recruiting at least two talented employees.

Furthermore, it will help if you equip your office with mobile phones or telephones for seamless communication, dealer terminals and laptops for online trading, and CCTVs for real-time monitoring.

Other things, like recording calls, having a reception area, or allotting manager a cabin, are completely optional.

IIFL Sub Broker Dashboard is a one-stop solution to manage every activity vital to running a franchise at your fingertips successfully.

The platform has a user-friendly interface and provides access to exceptional features and functionalities helpful for managing client portfolios.

Moreover, you can access your dashboard on a web-based and app-based platform, ensuring flexibility and convenience.

So, log in to your dashboard by tapping the given links either via website or app and monitor the real-time activities of your clients.

IIFL Franchise Login

To IIFL Franchise Login, you will need your login ID and password. But you don’t have it?

If so, the brokerage house can grant you these login credentials once you are done registering as its sub-broker.

After securing the login details at your registered mobile number or email, head to the IIFL Login page.

Next, enter your login ID, password, and given captcha, and you will be redirected to your dashboard within a few seconds.

IIFL Sub Broker Backoffice is a program that you can access to manage all your back-office-related tasks.

When navigating this computer program, you can click the lead addition link to add your leads automatically.

In addition, the program allows you to add these leads manually. You can’t only add but also delete leads.

Another feature is lead stage info that provides all details about all stages involved in lead becoming an active client. You can change the money details manually and track the brokerage.

Moreover, the back-office program provides you with leads, client activation, client portfolio, and monthly payout reports, equipping you with real-time information about your leads, clients, their investments, and your earnings.

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Only an aspirant meeting the following listed eligibility requirements can Become IIFL Sub Broker:

• Your age must be above 21, and you must be Indian.
• You must complete your graduation from a recognized university.
• It’s a must for the aspirants to at least have basic communication and computer skills to converse with potential leads and help active clients trade and invest online.
• Having an NISM certificate is compulsory.

If you meet all these eligibility requirements, you can apply to become a sub-broker via the below-displayed form.

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IIFL Franchise – Conclusion

IIFL is a prominent name in the Indian financial sector that offers a plethora of cutting-edge financial products and services to people interested in trading and investing.

Many people desire to be part of this reputed brokerage house, and one of its most lucrative business models is IIFL Franchise.

As IIFL’s sub-broker, you can expect to earn a whopping commission of 60% to 75% on adding new clients to the company’s clientele base.

In addition, to make the franchise journey a smooth ride, the company provides top-notch offers, advanced platforms, and support facilities to the authorized person.

All-in-all, by starting an IIFL franchise, you can unlock several growth opportunities and turn your career into a success.

FAQs on IIFL Authorized Person

Here are the frequently asked questions related to the IILF sub brokership model.

Does IIFL have a Sub-Brokership Model?

Yes, IIFL is a full-service broker and has a sub-broker model, allowing aspirants to earn the highest possible commissions as sub-brokers.

How many franchises does IIFL have?

IIFL owns more than 5,000 franchises nationwide, as per current figures.

What is the earning potential of IIFL AP?

The earning potential of IIFL for authorized persons is an average of Rs.1,42,500 profits each month.

How can I Start an IIFL Franchise?

To start an IIFL franchise, you must comply with the company’s eligibility requirements. If you are eligible, you can fill out the form- ‘Become a Sub Broker.’

Once the form is submitted, the IIFL team will contact you and guide you on the documents required to become a sub-broker.

Is IIFL Franchise a Profitable Business?

Yes, the IIFL franchise is a profitable venture, as you can make a profit at a margin of 50%.

Who are IIFL Sub Broker?

IIFL sub-brokers work with the brokerage house to help build on their clientele and create new relationships to acquire an increasing number of clients.

What is IIFL Franchise Cost?

IIFL asks the candidates aspiring to start a franchise as sub-brokers to pay Rs.50,000 to Rs.1 lakh as a security deposit.

Aside from this, they must pay Rs.3,000 as exchange charges, and monthly office maintenance expenses can range from Rs.40,000 to Rs.60,000.

How much is the IIFL Sub Broker Commission?

The commission for IIFL sub-brokers can range between 60% and 75%.

Do IIFL AP gets backoffice access?

Yes, an authorized person at IIFL gets back-office access from the brokerage house.

The back-office program facilitates access to features like lead addition links, lead stage info, brokerage mapping, leads, client activation, and monthly payout reports, and more.

Is an IIFL Demat Account necessary to become a Sub Broker?

The aspirant is mandated to open a Demat account with IIFL to become a sub-broker.