This article aims at giving you accurate information regarding Ashika Stock Broking Franchise. You can find all the information ranging from eligibility criteria to the revenue percentages in this article.
This article aims to answer all of the frequently asked questions regarding Ashika Stock Broking Sub Broker Program.
|Ashika Stock Broking Sub Broker Highlight|
|Top Business Model||Sub Broker|
|Initial Investment Required||Rs.50,000 – Rs.150,000|
|Revenue Sharing||60% – 80%|
|Payout Time||35 Days|
|SB Code Activation Time||30 Days|
What do you know about Ashika Stock Broking Franchise?
Ashika Stock Broking is a private company and a full-service broker. Mr. Pawan Jain founded this firm in the year 1994. The main headquarters of Ashika Stock Broking is located in Kolkata, West Bengal.
They operate on a simple pay-out cycle which releases payments every 35 days to their sub-brokers.
The time taken for SB code activation for Ashika Stock Broking Franchise in just 35 days which is as same as the pay-out cycle, so it is not so complicated to become a part of this firm.
|Ashika Stock Broking Business Partner Overview|
|Here is the overview of Ashika Stock Broking Franchise|
|What type of Company is it? – Public / Private||Private|
|What is the Broker type?||Full Service Broker|
|Where is the Headquarter located?||Kolkata, West Bengal|
|Who is the Founder?||Pawan Jain, FCA|
|What is the year of establishment?||1994|
|How many days does it take for SB Code Activation?||30 Days|
|How many days/weeks it takes for Payout?||35 Days|
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What are the various Business Models that Ashika Stock Broking Sub Broker Program provides?
There are two kinds of business models upon which Ashika Stock Broking Franchise operates. The first one is the Sub Broker business model and the other is the Referral Program.
- Sub Broker / Authorised Person
- Referral Program
Ashika Stock Broking Sub Broker / Authorised Person
The Sub Broker business model is straightforward; you can take up an Ashika Stock Broking Franchise and start your own stockbroking firm which will handle its trades through Ashika Stock Broking’s system.
Ashika Stock Broking Referral Program
The referral program includes you referring people to Ashika Stock Broking and in return, you get a percentage of the trades done by them. Ashika Stock Broking does not have a Master Franchise Business model or a Partner / Remisier Business model.
|Ashika Stock Broking Franchise Business Models|
|Know about various Business Models of Ashika Stock Broking|
|Is the Sub Broker business model available?||Yes|
|Do they provide Referral Program?||Yes|
|Do they provide Master Franchise Model?||No|
|Does this broker provide Partner / Remisier model?||No|
How does Ashika Stock Broking Sub Broker Revenue Sharing work?
The Ashika Stock Broking Franchise Revenue Sharing percentage ranges from 60 percent to 80 percent. For the referral program, there is a fixed one time referral bonus of Rs.1,000.
Ashika Stock Broking Sub Broker Commission percentages for the Master Franchise model or the Partner/Remisier model is unavailable because they don’t provide these two models.
|Ashika Stock Broking Sub Broker Revenue Sharing|
|Find the details of Ashika Stock Broking Sub Broker Commission for all Business Models|
|What is the revenue sharing for Sub Broker program?||60% – 80%|
|Do they provide revenue sharing or direct pay for Referral Program?||Rs.1000 per Refer|
|How much is the revenue sharing Master Franchise business?||NA|
|How much is the revenue sharing required for Partner / Remisier model?||NA|
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What is the Ashika Stock Broking Business Partner Security Deposit requirement?
Every Sub Broking Franchise provider has some security deposit requirements for security purposes. Ashika Stock Broking Franchise cost is Rs.50,000 to Rs.150,000 as a security deposit for their sub broker program.
However, there are no security deposit requirements for the referral program. Ashika Stock Broking Sub Broker Investment for the Master Franchise model or the Partner/Remisier model is irrelevant as they do not have those business models.
|Ashika Stock Broking Franchise Security Deposit|
|Check the Ashika Stock Broking Franchise cost requirement for each business model|
|How much is security deposit required for Sub Broker Program?||Rs.50,000 – Rs.150,000|
|Is there any security deposit required for Referral Program?||Zero|
|What is the initial investment required for Master Franchise Model?||NA|
|What is the deposit required for Partner / Remisier Model?||NA|
What are the various Offers rolled out by Ashika Stock Broking Authorised Person Program?
Ashika Stock Broking likes to work with their partners and Franchise Holders to develop together as a team.
So from time to time, they roll out certain offers that help their franchise owners and authorized persons to gain more customers and bring in more conversions in the form of Ashika Stock Broking Franchise Offers.
These offers are of two types – the flexible revenue sharing offer as well as the zero deposit schemes.
In the flexible revenue sharing offer, the franchise owner gets more revenue sharing percentages for their conversions during the offer period and in the zero deposit schemes, the customers of the sub broking firm can open a trading account without any initial deposit.
|Ashika Stock Broking Sub Broker Offers|
|Here are the list of Ashika Stock Broking Franchise offers available to the clients|
|Do they provide Flexible Revenue Sharing offer?||Yes|
|Are they providing Flat Revenue Sharing offer?||No|
|Do they offer Zero Revenue Sharing model with Prepaid payment?||No|
|Do they provide Zero Deposit scheme?||Yes|
|Are they offering 10k Initial Deposit scheme?||No|
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What are the various Supports provided to Ashika Stock Broking Business Partner?
If you take up a sub broking franchise of Ashika Stock Broking, you will receive support from their side to help set up your business and earn money. The kinds of support you will receive from Ashika Stock Broking will help you get the initial boost in running your business.
They provide product training for their partners. They also provide back-office support for their authorized persons. Along with these, you will receive trading support as well as advisory support as a part of Ashika Stock Broking Partner Support.
|Ashika Stock Broking Business Partner Support|
|Here are the various Support Ashika Stock Broking Franchise needs to provide to their clients|
|Do they provide Acquisition Training to their associates?||No|
|Do they provide Training for Dealers of their sub brokers?||No|
|Are they providing Product Training for their business partners?||Yes|
|Do they provide Back-Office Support for their authorised person?||Yes|
|Are they providing Trading Support to their business partners?||Yes|
|Are they sharing Advisory Support with their partners?||Yes|
|Does the broking house provide Marketing Support to their sub brokers?||Yes|
Which is the Infrastructure required for Ashika Stock Broking Sub Broker Program?
The Ashika Stock Broking Franchise Infra Requirement for their Sub Broker program is quite less. They only require the Sub Broker to have at least two employees. Along with that, the sub-broker should have trading terminals for trading purposes.
An internet connection is not mandatory. You are required to have a telephone connection to become a sub-broker. They also require a minimum of 100 sq ft office space for sub broking purposes.
|Ashika Stock Broking Partner Infrastructure Requirement|
|Find the various Infra required to take up Ashika Stock Broking Franchise|
|What is the Employee Strength needed to start this franchise?||Minimum 2|
|Do the Sub Broker needs to provide Trading Terminals?||Yes|
|Is the Internet Connection mandatory to take up franchise?||No|
|Are Telephone Lines mandatory for Business Partners?||Yes|
|Is it mandatory to provide Research Services by Sub Broker?||No|
|How much is the size of Office Area required to become a Sub Broker?||Minimum 100 Sq Ft|
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What is the Eligibility Criteria to Become Ashika Stock Broking Partner?
The Ashika Stock Broking Sub Broker Eligibility criteria are required to be fulfilled by every individual applying to be a sub-broker.
The candidate applying for the rights to hold the organization’s Master Franchise or Sub Brokerage Firm should have finished his/her intermediate degree.
A college bachelor’s degree is also preferred but not necessary. The applicant must also have prior experience in the trading industry with at least 2 years of experience is preferred.
The broker must also be registered with SEBI and also associated with BSE as well as NSE to be able to qualify the Ashika Stock Broking Franchise Eligibility.
What is the brokerage charges levied to the Clients of Ashika Stock Broking Partners?
Ashika Stock Broking Authorized Person Charges are levied on the trades made by the sub broker on behalf of Ashika Stock Broking. The equity intraday charges are 0.04%. Also, the equity delivery charges are 0.30%.
In case of options trading, Rs.50 Per lot is charged for Equity Options and for Currency Options, Rs.25 per lot is charged.
Along with these charges, 0.04% charge is levied on Equity Futures, Currency Futures, and Commodity Trading.
|Ashika Stock Broking Sub Broker – Brokerage Charges to Clients|
|Here are the brokerage charges levied by Ashika Stock Broking Sub Broker to their clients|
|What are Equity Intraday charges?||0.04%|
|How much are Equity Delivery charges?||0.30%|
|How much is the charge levied on Equity Options?||Rs.50 per Lot|
|How much are the Currency Options charges?||Rs.25 per Lot|
|What are Equity Futures charges?||0.04%|
|What are the charges levied on Currency Futures?||0.04%|
|What are the charges levied on Commodity Trading?||0.04%|
What is the Account Opening Charges Levied to the clients of Ashika Stock Broking Sub Broker?
The base charge for account opening by the clients of the Sub Brokers of Ashika Stock Broking is Rs. 300. The margin money required to be maintained by the customer in their account is 20,000 Rs. Minimum.
There is a Rs. 350 per annum charge for Demat AMC but there are no trading AMC charges. Along with this, there is a 0.00315% charge levied on each transaction by the clients as Ashika Stock Broking Sub Broker Charges.
|Ashika Stock Broking Franchise – Account Opening Charges to Clients|
|Here are the account opening charges levied by Ashika Stock Broking Franchise to their clients|
|What are the Account Opening Charges?||Rs.300|
|What is the Margin Money required?||Minimum Rs.20,000|
|What is the charge for Demat AMC?||Rs.350 per Annum|
|how much are Trading AMC charges?||Free|
|How much is the Transaction Charges levied?||0.00315%|
What is the Customer Ratings of Ashika Stock Broking Authorised Person Program?
One of the best places to look at while deciding upon a sub broking program is to look at the customer reviews and ratings of that program.
The Ashika Stock Broking Franchise Ratings are as follows -Their Revenue Sharing model is rated 2.1/5 by the customers.
The security deposit requirements receive a rating of 2.2/5. In the field of customer experience, Ashika Stock Broking receives a rating of 2.5/5.
As per Offers provided by the Broking Franchise, they receive a rating of 2.4/5. The overall Ashika Stock Broking Sub Broker Review is 2.3/5.
|Ashika Stock Broking Franchise Customer Ratings|
|Find Client Ratings & Reviews against multiple parameters for Ashika Stock Broking|
|According to Revenue Sharing Model of the Franchiser||2.1 / 5|
|Ratings as per Security Deposit provided by the company||2.2 / 5|
|As per Experience in the Sub Broker Business||2.5 / 5|
|As per Offers provided by the Broking Franchise||2.4 / 5|
|Ratings as per Mobile Trading App & Trading Platforms||2.6 / 5|
|Overall Ratings of the Sub Broker Franchise||2.3 / 5|
Ashika Stock Broking Franchise Conclusion
To conclude, the Ashika Stock Broking Franchise is one of the best companies where you can apply for the sub broker program to start your own broking business.
The company’s policies and services are quite flexible to enable your business as an Ashika Stock Broking Sub Broker and take you to greater heights.
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Start your own Business Now! Become a Sub Broker. Fill up the Form
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