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

Everyone knows that Sharekhan Franchise or Sub Broker Program is rated as one of India’s most sub-broker establishment businesses.

The company already has partnered with more than 7,000 sub-brokers to provide its offerings across the country, and the network is developing rapidly.

As a Sharekhan sub broker, you will acquire clients and help them trade and invest profitably in the stock market.

While working with a brokerage house, you can leverage its dedicated support, lucrative commission, and various promotional offers, giving a competitive edge to your business.

Read further to know what Sharekhan Franchise business model has to offer.

Why Start a Sharekhan Franchise?

You can learn multiple perks of starting a Sharekhan Franchise by going through these points:

• Sharekhan is one of the longest-standing brokerage houses in India and has established a big brand in the market. Joining hands with such a well-recognized brand can help you make a name for yourself.
• Sharekhan’s commission share for the sub-brokers is much better than many other brokerage houses in the Indian industry. You can get around 60% to 70% commission on the money the firm makes from your suggested clients.
• Moreover, you make profits in lakhs every month. On average, the sub-broker’s monthly profit can reach approximately Rs.1,01,600.
• You might have heard that state-of-the-art technological platforms can make an individual’s trading experience impressive. Sharekhan agrees with the statement and, thus, provides sub-brokers access to advanced web and app-based platforms.

Are you interested in knowing how much commission Sharekhan can offer?

The company has developed a dynamic Sharekhan Sub Broker Commission model to reimburse its business partners for their performance.

The revenue model is dynamic because the commission can vary depending on the broker’s revenue, investments made by the sub-broker, clients acquired, and many other parameters.

Now, talking about figures, you can get 60% to 705 of the money that Sharekhan makes from the active trading by the clients you suggested.

However, you might be disappointed that no reward is offered for acquiring clients.

Like all business ventures, the sub-broker franchise entails a specific upfront investment.

Regarding the Sharekhan Franchise Cost, you will have to invest a specific amount, such as the security deposit, exchange charges, and office expenses.

The security deposit kept with the broker is generally refundable. You are asked to deposit Rs.70,000 to Rs.1 lakh as a security deposit to cover any defaults you might make in the future.

The other one-time fee is the exchange charge of Rs.3,000. Finally, the third variant of franchise cost is monthly office expenses of Rs.45,000 to Rs.55,000.

Sharekhan Sub Broker Franchise Profits & Income

Check out Sharekhan Franchise Profits & Income here.

This section is dedicated to helping you understand how much income or profits you can make as Sharekhan’s sub-broker. So, let’s break down the Sharekhan Sub Broker Profits:

Imagine you add 592 clients to Sharekhan’s clientele. However, not all clients have started trading or investing in the stock market, excluding 180 clients. For each active client, you will get an average of Rs.1,450 commission.

On adding up, the commission for all 180 clients will be Rs.2,61,000. Sharekhan offers 60% of this commission share to its sub-brokers. So, your share will be Rs.1,56,600.

As discussed in the commission section, the brokerage house doesn’t pay a single penny for acquiring new clients.

So, on acquiring 50 new clients, there will be no client acquisition income, keeping your share the same as Rs.1,56,600.

Now, consider you spend Rs.55,000 for maintaining your office, reducing your share to Rs.1,01,600. Finally, your net profit as a sub-broker will be Rs.1,01,600, making your net profit margin 39%.

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Sharekhan has figured out that the best way to encourage and promote the sub-broker’s business is to render them the best possible offers. Some of the regular Sharekhan Franchise Offers are as follows:

The company allows its authorized person to retain more than 50% of the money it makes as commission. Your maximum commission share can reach up to 70%.

However, like any business venture, the sub-broker franchise business model also demands initial investment.

The free advisory comes to the rescue whenever you are in a dilemma to decide on any business plans. In addition, the company lessens your financial burden by not charging flat brokerage charges.

But Sharekhan’s offers end with these points. Sub-brokers are not facilitated with free delivery trading or no brokerage for the first month and loss-making trades.

Sharekhan Authorized Person SWOT Analysis

Get to know the SWOT analysis for Sharekhan Authorized Person as follows:

Strengths

• Shraekhan offers a wide range of innovative financial products, making it easier for sub-brokers to attract potential customers.
• The company conducts intensive research on the stock market and provides real-time reports to the sub-brokers.
• It has one of the largest networks of branches nationwide, providing aspiring sub-brokers to make a name in the industry.
• Sub-brokers can take home around 60% to 70% of the money the company makes, increasing their bank balance.
• Sharekhan boasts a rating of 9.65 from industry experts, making it one of the leading brands in the financial sector.

Weaknesses

• Sharekhan renders limited brokerage offers, adding to the sub-broker’s financial burden.
• Sub-brokers can start making profits after three months of initial investment.
• The brokerage house’s penetration is limited to urban areas.

Opportunities

• Sharekhan can expand its business to the rural and semi-urban markets.
• Educating people about the perks of investing in a sub-broker franchise business model can broaden the company’s sub-broker network.
• Adding foreign stocks and loans to the product line can help broaden the clientele base.

Threats

• Stringent economic measures by RBI, the government, and SEBI impact Sharekhan’s business operations.
• Entry of new brokerage houses in the Indian market poses tough competition to Sharekhan.
• Increasing job layoffs amidst an inflated economy leads to a drop in the trading and investment rates.

Are you curious about what support facilities you can leverage when working with Sharekhan? If so, this section is a must-read! Here, you can explore various Sharekhan AP Support facilities:

You give your best but can’t establish long-term relationships with potential and existing clients. No worries!

Consider contacting a dedicated relationship manager to learn the tactics of establishing and maintaining solid relationships with clients.

Sharekhan organizes dealer and product training workshops frequently to help sub-brokers learn the role and responsibilities of a dealer and product offerings.

Moreover, you can master the nitty-gritty of acquiring new leads and turning them into active clients via acquisition support.

Are you finding it difficult to make a rational business decision? If yes, advisory support is available for your help.

Additionally, back-office and marketing support is facilitated to the sub-brokers to ease managing their back-office tasks and creating marketing campaigns.

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Planning to set up your own office to start the sub-brokership business with Sharekhan? If so, you must research the office requirements for Sharekhan Franchise:

The first thing you must know is to look for a space of 150 to 200 square feet ideal for setting up your office.

Building an in-house team to manage all vital business operations and functions is best. So, consider recruiting a minimum of two employees.

Another vital office requirement is having a dealer terminal and laptops or computers to manage better and assist clients.

Mobiles or telephone connection is a must to attend your clients’ calls. However, it’s your choice to record the calls.

In addition, install CCTVs in your office for better security and safety. Lastly, designate a separate area as reception and manager’s cabin for smooth organizational hierarchy.

Sharekhan is famous in the financial industry for providing cutting-edge technological support to its business partners.

Each sub-broker is individually granted with the Sharekhan Sub Broker Dashboard. They can use their dashboard to access real-time financial data to better assist clients in trading and investments.

You can tap the above-given dashboard link to navigate your dashboard on the web platform. However, there is no flexibility in accessing the dashboard via the app platform.

After heading to the dashboard, you can use various features and functionalities to manage your clients’ investment portfolios better.

Sharekhan Franchise Login

Do you have the user ID and password granted by Sharekhan? If yes, the Sharekhan Franchise Login will be just a piece of cake for you. However, if not, you must first receive it to access your dashboard.

To log in to the dashboard designed for Sharekhan’s sub-broker, you must first partner with the brokerage house. Enroll in their sub-broker franchise business model.

Within a day or two, the company’s team will send log in details to your registered email or mobile number.

Sharekhan knows that efficiently managing back-office activities is vital to a successful sub-broker franchise.

Therefore, the firm provides its sub-brokers with excellent back-office support. Here are the features you can access via the Sharekhan Sub Broker Backoffice platform:

Lead Addition Link is the first feature we will talk about. This feature allows you to add leads to the platform, regardless of the number.

The company’s back-office platform also enables sub-brokers to add leads manually. Another feature is lead stage info crucial for the ones who want to know at what stage their leads are.

You can use the lead info backend change to alter inaccurate lead information. In addition, the brokerage mapping feature allows you to track the brokerage on each trade.

The platform facilitates multiple reports, letting you know every minor to significant detail about your leads and clients.

The back-office platform is not only available to manage your leads and clients, but also you can track your earnings.

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You must know the criteria exclusive to Become Sharekhan Sub Broker for a smooth application process:

• For any individual to work as Sharekhan’s sub-broker, he must be an Indian and 21+ years old.
• The other essential requirement is the minimum qualification prescribed – one must be a graduate from a recognized university.
• The following eligibility criterion pertains to computer and communication skills. The brokerage house prefers partnering with candidates who can operate computers and communicate effectively.
• Lastly, additional qualification like NISM certification is mandatory for aspiring candidates.

The candidates complying with the above-discussed points can proceed further with the application process and submit the required documents.

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Sharekhan Franchise – Conclusion

To summarize the Sharekhan Franchise review, the brokerage house is ideal for aspirants wanting to do something of their own.

The firm provides a decent revenue-sharing model, with a minimum commission of 60% and a maximum of 70%.

The investment procedures and office requirements prescribed by the brokerage house are easy to live up to for the candidates passionate about starting a sub-brokership franchise.

Moreover, while working with Sharekhan, sub-brokers can benefit from business, advisory, research, back-office, and marketing support.

In a nutshell, joining hands with such a reputed full-service broker in the financial industry can be a win-win situation for you.

FAQs on Sharekhan Authorised Person 

Here are various FAQs related to Sharekhan Sub Brokership.

Does Sharekhan has Sub Brokership Model?

Yes, Sharekhan is a full-service broker that allows aspirants to invest in its sub-brokership model.

How many franchises does Sharekhan have?

Sharekhan has over 7,000 franchises all over India.

What is the earning potential of Sharekhan AP?

The earning potential of Sharekhan’s authorized persons is approximately Rs. 1,01,600 in profits each month.

How can I start a Sharekhan franchise?

You can start a Sharekhan franchise after meeting its eligibility requirements and filling out the below-given ‘Become a Sub-Broker’ form.

Sharekhan’s team will contact you, verify your eligibility, and guide you through the application process.

Is the Sharekhan franchise a profitable business?

Yes, the Sharekhan franchise is profitable, as sub-brokers can make a profit at a margin of 39%.

Who is Sharekhan Sub Broker?

Sharekhan sub-brokers serve as the agents who help add more clients to the brokerage house’s customer base.

They converse with potential leads and convince them to trade and invest their funds in Sharekhan’s financial products.

What is Sharekhan Franchise Cost?

Like all business ventures, the Sharekhan franchise requires an upfront investment.

The franchise cost includes a security deposit of Rs.70,000 to Rs.1 lakh, exchange charges of Rs.3,000, and monthly office maintenance expenses of Rs.45,000 to Rs.55,000.

How much is the Sharekhan Sub Broker Commission?

The commission for Sharekhan sub-brokers can vary from 60% to 70%.

Does Sharekhan AP get back-office access?

Yes, Sharekhan’s authorized person gets back-office access via the platform with several expectational features.

Is Sharekhan Demat’s Account necessary to become a Sub Broker?

For a Sharekhan’s sub-broker, it’s mandatory to open a Demat account with the brokerage house.