Sub Broker or Sub Broker Franchise is one of the most popular forms of spreading stockbroking business. This article will guide every aspect of a sub-broking franchise business.

It will include the benefits of getting into this business, eligibility criteria and about the process of application as well. Let’s start with the details of a sub-broker franchise.


What is a Sub Broker Franchise or Business Partner?

Sub Broker FranchiseSub broker franchise can be described as one of the popular processes of stockbrokers for expanding their business in an area.

It is one of the most effective methods of distributing business products and the services it sells. The sub-broker franchise acquires clients and sells the products and services of the stockbroker.

According to NSE, a Sub Broker can be any individual working for a trading member of any stock exchange in the country.

He / She cannot be a trading member himself of any stock exchange. He / She has to work on behalf of a stock exchange trading member.

They need to be registered with SEBI and carry that certificate of registration from SEBI while applying for sub-broker’s role.

The SEBI registration is mandatory and trading members are strictly advised to deal with only registered sub-brokers of SEBI.

There are a franchisor and a franchisee in this whole system. While the trading member or the stockbroker is referred to as the franchisor, the franchisee is the sub-broker.

Every franchisor has certain rules and regulations and both the parties signs a “franchise agreement” before getting into the business and deal with each other.


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    What are the various types of Sub Broker Franchise or Business Partner?

    There can be four kinds of business partners of a stockbroker or a trading member of the stock exchange. Here are the details –

    Authorized Person / Business Partner / Sub Broker

    This can be referred to as the sub-broker in simple terms. This individual is appointed by the stockbroker or the trading member.

    The Authorised person deals in the products and services of the stockbroker. Since the trading members are registered with the stock exchanges, via them these APs are also monitored by the stock exchange.

    Master Franchise

    Another kind of franchise is Master Franchise where a stockbroker gives the whole franchising job to one franchise in a particular area, city or in a town.

    Against a fixed percentage of share in the revenue, these franchise rights are purchased. In that particular area, all the franchise will be sourced out of the Master franchise.

    It is one of the widely accepted methods of stockbroking houses to spread their business across the country.

    Remisier

    You must have heard the term agent in financial industry a lot and Remisier is nothing but an agent of stock broking company.

    They work on a commission-based model and generally the commission is less compared to other two business partnership models earnings mentioned above.

    Here the Remisier get a commission when their referred clients purchase products and services of the stockbroker.

    Introducer or Referral Program

    Under this kind of business partnership, you can just refer anyone to the stockbroker and earn. Though the earning potential is lower your job is to refer a potential client only.

    You do not need to sell any products or services by yourself. If your referred person gets converted into a client of the company, you receive the money.


    List of Major Sub Broker Franchise

    HDFC Securities FranchiseReligare Securities FranchiseAsit C Mehta Franchise
    5Paisa FranchiseSBICap Securities FranchiseJM Financial Franchise
    Anand Rathi FranchiseSharekhan FranchiseMastertrust Capital Franchise
    Aditya Birla Money FranchiseSMC Global FranchiseNJ Wealth Franchise
    Angel Broking FranchiseTradebulls Securities FranchiseWay2Wealth Franchise
    Axis Direct FranchiseZerodha FranchiseMonarch Networth Franchise
    Edelweiss FranchiseVentura Securities FranchiseSATCO Capital Franchise
    ICICI Direct FranchiseSAMCO FranchiseYes Securities Franchise
    India Infoline FranchiseSAS Online FranchiseMy Value Trade Franchise
    Karvy FranchiseAlice Blue Online FranchiseShriram Insight Franchise
    Kotak Securities FranchiseGeojit Finance FranchiseSushil Finance Franchise
    Motilal Oswal FranchiseIndiabulls Ventures FranchiseSwastika Investmart Franchise
    Nirmal Bang FranchiseUpstox FranchiseWisdom Capital Franchise
    Paytm Money FranchiseProfitmart Securities FranchiseArihant Capital Franchise
    Reliance Securities FranchiseReliance Smart Money FranchiseBonanza Portfolio Franchise
    Choice Broking FranchiseShri Parasram Holdings FranchiseJhaveri Securities Franchise
    Narnolia FranchiseBMA Wealth Creators FranchiseKIFS Trade Franchise
    Prabhudas Lilladher FranchiseEureka Securities FranchiseKR Choksey Franchise

     


    Benefits of becoming a Sub Broker or Authorised Person

    There are various benefits of becoming an Authorised Person or Sub Broker of a stockbroking house –

    • The first benefit that you need to look at while opting for a sub-brokership business is the potential of earning a high revenue share. The franchiser keeps the lower amount of revenue while giving away the major portion to the franchisee.
    • The franchisor provides marketing and training facilities and support to the franchisees. Whether it is about marketing techniques, or ideas and different training like products and acquisition training, everything is provided by the franchisor.
    • Franchisor comes up with various offers on services and products they offer which benefit the franchisee. For example, a discount on brokerage or new limited period services to attract clients. These offers are passed to the clients by the franchisee and they can avail the benefit.
    • Sub broker franchise business in India can be started with very low capital. This further helps many franchisees to become a business partner of stockbroker houses without spending a huge amount. The minimum investment can be Rs. 50000 in case of sub broker’s role and lower as well.
    • Advisory services are also offered by the franchisor and this benefits the franchisee. As the latter also offer the same to the clients and can easily convince clients.

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      How to Become a Sub Broker or Business Partner?

      To get the Sub Brokership rights you need to –

      1. Apply with any trading member for their business partner’s position.
      2. The application process is online.
      3. You have to fill in all your details.
      4. Submit the documents required for sub-brokers registration.
      5. Mandatory documents are PAN, SEBI registration certificate, NCFM certificate, AADHAAAR Card and other details and documents.
      6. If you are eligible for the position, you will receive a call from the stockbroker house.
      7. They will help you further with the application process according to their rules and regulations.

      Eligibility Criteria for Sub Broker or Authorised Person?

      The eligibility criteria that a sub-broker franchise needs to fulfill are –

      • Educational qualification must be at least 10+2.
      • Financial product knowledge is a mandatory need.
      • Knowledge of basic computing.
      • Communication skill is primarily needed and convincing power.
      • Apart from financial product knowledge, the sub-broker needs to be aware of the economy and market condition.
      • He / She or she must have cleared the NISM examination for sub-brokers.
      • He / She or she needs to be an Indian Citizen.
      • As per SEBI, Limited Liability Partnership firm needs to be registered under Indian Limited Liability Partnership Act 2008 for this business.

      List of all other Stock Broking Franchise

      Mangal Keshav FranchiseKantilal Chhaganlal Securities FranchiseSunidhi Securities Franchise
      AC Agarwal Share FranchiseKaruna Financial Services FranchiseSunlight Broking Franchise
      AG Shares Securities FranchiseKaynet Finance FranchiseSunness Capital Franchise
      Aasmaa Securities FranchiseKhandwala Securities FranchiseSystematix Shares Franchise
      Abhipra Capital FranchiseKunvarji Finstock FranchiseTradejini Franchise
      Acumen Capital FranchiseLakshmishree Investment FranchiseTrustline Securities Franchise
      Anugrah Stock Broking FranchiseLFS Broking FranchiseStewart & Mackertich WMS Franchise
      Adroit Financial FranchiseMaheshwari Financial FranchiseUnlock Wealth Franchise
      Alankit AssignmentsMandot Securities FranchiseVachana Investments Franchise
      Almondz Global Securities FranchiseManubhai Mangaldas FranchiseVCK Stock Broking Franchise
      Ambalal Shares FranchiseMarfatia Stock Broking FranchiseVNS Finance Franchise
      Anvil Share Broking FranchiseMarwadi Finance FranchiseVeracity Finance Franchise
      Arcadia Stock Brokers FranchiseModex Securities FranchiseVertex Securities Franchise
      Arch Finance FranchiseMultiplex Capital FranchiseVrise Securities Franchise
      Arham Share Consultants FranchiseNarayan Securities FranchiseWealth Discovery Franchise
      Artha Vrddhi Securities FranchiseNavia Markets FranchiseZebu Wealth Franchise
      ASE Capital Markets FranchiseNG Rathi FranchiseZenmoney Franchise
      Ashika Stock Broking FranchiseNine Star Broking FranchiseZuari Finserv Franchise
      Ashlar Securities FranchisePace Stock FranchiseCoimbatore Capital Franchise
      Astha Trade FranchisePatel Wealth Advisors FranchiseEscorts Securities Franchise
      ATS Share Brokers FranchisePCS Securities FranchiseGanpati Securities Franchise
      Bansal Finstock FranchisePeerless Securities FranchiseProgressive Share Franchise
      Basan Equity Broking FranchisePhillip Capital FranchiseRajvi Stock Franchise
      Berkeley Securities FranchisePrabhat Finance FranchiseSKI Capital Franchise
      Bezel Stock Brokers FranchisePravin Ratilal Brokers FranchiseRishabh Securities Franchise
      BGSE Financials FranchisePrudent Broking FranchiseRK Global Franchise
      Bhansali Value Creations FranchiseQuantum Global Securities FranchiseRudra Shares Franchise
      Bhumika Consultancy FranchiseR Wadiwala Securities FranchiseSharewealth Securities Franchise
      BN Rathi FranchiseRaghunandan Capital FranchiseShree Bahubali Franchise
      BP Equities FranchiseRatnakar Securities FranchiseShree Kanha Stock Franchise

      Sub Broker / Business Partner Conclusion

      Broking Franchise business is a lucrative earning opportunity. It is rapidly capturing the Indian market.

      With the boom in the stock market and investments coming from different segments, it is the right time to get into sub-brokers franchise business.


      All Sub Brokership Providers in India

      Canmoney FranchiseSaaketa Consultants FranchiseSteel City Franchise
      CD Equisearch FranchiseSafal Capital FranchiseSSJ Finance Franchise
      Celebrus Capital FranchiseShah Investors FranchiseSPFL Securities Franchise
      Cholamandalam Securities FranchiseSuresh Rathi FranchiseSykes & Ray Franchise
      CM Goenka Stock FranchiseIntegrated Master Securities FranchiseTrade Smart Online Franchise
      GCL Securities FranchiseCIL Securities FranchiseTradeplus Franchise
      GEPL Capital FranchiseComfort Securities FranchiseTradeswift Franchise
      Globe Capital FranchiseCompetent Finman FranchiseTradingbells Franchise
      Gogia Capital FranchiseComposite Investments FranchiseWellworth Share Franchise
      Goldmine Stocks FranchiseConsortium Securities FranchiseAchiievers Equities Franchise
      Goodwill Wealth FranchiseDBFS Securities FranchiseBeeline Broking Franchise
      Greenbucks Securities FranchiseDealmoney Securities FranchiseCapstocks Securities Franchise
      Grovalue Securities FranchiseEmkay Global FranchiseDalal Broacha Franchise
      Guiness Securities FranchiseExclusive Securities FranchiseElite Wealth Franchise
      Hedge Equities FranchiseFair Intermediate FranchiseEzwealth Franchise
      HSE Securities FranchiseFairwealth Securities FranchiseFyers Franchise
      India Advantage Securities FranchiseFarsight Securities FranchiseHEM Securities Franchise
      Indianivesh Securities FranchiseFast Capital Markets FranchiseIDBI Direct Franchise
      Indira Securities FranchiseFindoc Investmart FranchiseIFCI Financial Franchise
      Inditrade Capital FranchiseFinvasia Securities FranchiseIndbank Online Franchise
      Indus Portfolio FranchiseFortune Trading FranchiseMaverick Brokers Franchise
      Integrated Enterprises FranchiseFRR Shares FranchiseLKP Securities Franchise
      Intime Equities FranchiseBahubali International FranchiseJust Trade Franchise
      Inventure Growth FranchiseSHCIL Services FranchiseLSE Securities Franchise
      ISE Securities FranchiseSkung Tradelink FranchiseMansukh Securities Franchise
      JM Global Equities FranchiseSouth Asian Stocks FranchiseMoneylicious Capital Franchise
      Jainam Share Consultants FranchiseSri Shirdi Capital FranchiseMPSE Securities Franchise
      JK Securities FranchiseSS Corporate Securities FranchiseMuthoot Securities Franchise
      Joindre Capital Services FranchiseStandard Chartered Securities FranchiseMicrosec Capital Franchise
      Kalpataru Multiplier FranchiseSumpoorna Portfolio Franchise

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