In this article, we will mainly turn your attention to the Bansal Finstock Franchise, its revenue sharing, franchise cost, and other necessary information.
This is a complete insight into the Bansal Finstock which will guide you on how to become one. If you are looking forward to becoming a Bansal Finstock Sub Broker then go through this article where you can rest assured that most of your queries will be answered.
This will ensure that you are completely aware of the procedure of becoming one of their sub-brokers, the documents you must possess, the eligibility criteria you need to fulfill, and also the revenue percentage you can hope for.
|Bansal Finstock Sub Broker Highlight|
|Top Business Model||Sub Broker|
|Initial Investment Required||Rs.50,000 – Rs.100,000|
|Revenue Sharing||60% – 75%|
|Payout Time||3-4 Weeks|
|SB Code Activation Time||31 Days|
What do you know about Bansal Finstock Franchise?
Bansal Finstock is a seasoned private limited company, a full-service broker that initiated its service in the year 2004. Based in Bhavnagar in the Manchester city of India, Gujarat, it was established by Rashmin Relia.
If you are looking to get involved with them as a Bansal Finstock Sub Broker, then you will experience absolutely no regret as they follow a very clear and just organization. Their payment model is very simple and methodical, with a pay-out time of 3-4 weeks.
Being a Bansal Finstock Franchise is not a complex task either, as the time required for the sub-broker activation is just 31 days.
|Bansal Finstock Business Partner Overview|
|Here is the overview of Bansal Finstock Franchise|
|What type of Company is it? – Public / Private||Private|
|What is the Broker type?||Full Service Broker|
|Where is the Headquarter located?||Bhavnagar, Gujarat|
|Who is the Founder?||Rashmin Relia|
|What is the year of establishment?||2004|
|How many days does it take for SB Code Activation?||31 Days|
|How many days/weeks it takes for Payout?||3-4 Weeks|
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What are the various Business Models that Bansal Finstock Sub Broker Program provides?
To become a Bansal Finstock Franchise, you have to closely follow a simple procedure. all the uncomplicated organizations in the market follow uncomplicated business models.
Bansal Finstock operates in two business models, one of which is the Sub Broker model and the other one is Remisier model. This allows you to become a Bansal Finstock Sub Broker or a Bansal Finstock Resmisier.
- Sub Broker / Authorised Person
- Partner Program / Remisier
Bansal Finstock Sub Broker / Authorised Person
A Sub Broker with Bansal Finstock means that you will have complete access to the company’s trading platforms; you also get to trade directly for yourself as well as for your customers. The Sub Broker showcases the company directly in front of the investors.
Bansal Finstock Partner Program / Remisier
A Remisier with Bansal Finstock means that you are an agent of the company and will receive a commission for each of the transactions you have handled. You get to invest regularly through the broker. The responsibilities of a Remisier are a much easy task.
|Bansal Finstock Franchise Business Models|
|Know about various Business Models of Bansal Finstock|
|Is the Sub Broker business model available?||Yes|
|Do they provide Referral Program?||No|
|Do they provide Master Franchise Model?||No|
|Does this broker provide Partner / Remisier model?||Yes|
How does Bansal Finstock Sub Broker Revenue Sharing work?
The Bansal Finstock Franchise Revenue Sharing model is extremely brisk and clearly explained. Since they have two working Sub Broker Models, their revenue percentage thus is seeded for everyone.
They completely appreciate the efforts of their business associates and give them the maximum legitimate share. If you get associated with them, then your Bansal Finstock Sub Broker Commission would be around 60 percent to 75 percent of the total revenue brought about by you.
The higher profit share can be negotiated if you guarantee them a higher profit generation or a bigger business quantum. You might also earn a Bansal Finstock Remisier Commission of around 10 percent to 25 percent.
|Bansal Finstock Sub Broker Revenue Sharing|
|Find the details of Bansal Finstock Sub Broker Commission for all Business Models|
|What is the revenue sharing for Sub Broker program?||60% – 75%|
|Do they provide revenue sharing or direct pay for Referral Program?||NA|
|How much is the revenue sharing Master Franchise business?||NA|
|How much is the revenue sharing required for Partner / Remisier model?||10% – 25%|
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What is the Bansal Finstock Business Partner Security Deposit requirement?
Fundamentally, the Bansal Finstock Franchise Cost is not as excessive as other competitors in the market. Diverse companies charge a heavy amount, at times of which may rise to Rs 5lacs for your one-time security deposit.
But with this organization, your total Bansal Finstock Sub Broker Investment would be somewhere between Rs.50,000 and Rs.100,000. This breach between the two amounts is due to a strange reason.
Again, your Bansal Finstock Remisier Investment would be somewhere between Rs.10,000 and Rs.25,000. If you already have a strong customer base and well set up a business you can convince them of a larger volume of business and can easily settle for a lesser investment.
|Bansal Finstock Franchise Security Deposit|
|Check the Bansal Finstock Franchise cost requirement for each business model|
|How much is security deposit required for Sub Broker Program?||Rs.50,000 – Rs.100,000|
|Is there any security deposit required for Referral Program?||NA|
|What is the initial investment required for Master Franchise Model?||NA|
|What is the deposit required for Partner / Remisier Model?||Rs.10,000 – Rs.25,000|
What are the various Offers rolled out by Bansal Finstock Authorised Person Program?
You can relax on the thought of getting many Bansal Finstock Sub Broker Offers, once you get associated with them.
Two of the major offerings you get from them are their Flexible Revenue Sharing and their 10k initial deposit option where you deposit an amount of Rs 10,000 to get started with them.
However, you are deprived of the options like Flat Revenue Sharing, Zero Revenue Sharing with Prepaid, and Zero Deposit from the list of Bansal Finstock Franchise Offers.
|Bansal Finstock Sub Broker Offers|
|Here is the list of Bansal Finstock 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?||No|
|Are they offering 10k Initial Deposit scheme?||Yes|
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What are the various Supports provided to Bansal Finstock Business Partner?
As a business associate, there is nothing wrong to expect certain assistance from the company in the name of Bansal Finstock Franchise Support.
As a part of the Bansal Finstock Partner Support, you are provided with support from the Back Office, Trading, and Advisory and Marketing area.
But, there is no assistance from the company in training their associates. Thus, if you seek training in Acquisition, Dealing and Product department has to look into this matter themselves.
|Bansal Finstock Business Partner Support|
|Here are the various Support Bansal Finstock 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?||No|
|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 Bansal Finstock Sub Broker Program?
The Bansal Finstock Partner Requirement in terms of infrastructure is also exceedingly pragmatic and conventional. They don’t have fancy expectations or demands from their associates to prolong high infrastructure quality.
The company wants you to sustain a small office space for the business of approximately 100 sq ft with 1 employee at the least to serve the business.
Some other things as a part of the Bansal Finstock Sub Broker Infra Requirement would be fundamental necessities like Trading Terminals, Internet connection, and telephone lines access in their office.
|Bansal Finstock Partner Infrastructure Requirement|
|Find the various Infra required to take up Bansal Finstock Franchise|
|What is the Employee Strength needed to start this franchise?||1|
|Do the Sub Broker needs to provide Trading Terminals?||Yes|
|Is the Internet Connection mandatory to take up franchise?||Yes|
|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|
Find out the basic requirements of other Stock Broking Franchise
What are the Eligibility Criteria to Become Bansal Finstock Partner?
Bansal Finstock Sub Broker Eligibility follows the same criteria as most other brokers in the market. All they ask for is their application to be a minimum of 21 years of age, and a minimum qualification of class 12 certification from any of the Indian Government recognized boards.
It would work in your favor if you’re a graduate. Minimum experience in the field of brokerage is mandatory for you to understand the market you’re planning to get into.
you should be certified with SEBI to become a Sub Broker. If you fulfill all of these Bansal Finstock Franchise Eligibility criteria you’re good to go.
What are the brokerage charges levied on the Clients of Bansal Finstock Partners?
You can moreover brag about their brokerage charges as Bansal Finstock Partner Charges are the least across the business.
For Equity Intraday your customers will be charged between 0.02 percent and 0.035 percent of the transaction value. In Equity Delivery they will be charged between 0.2 percent and 0.3 percent.
For Equity Options, the charges are Rs 20 to Rs 30 per lot, whereas Currency Options charges range from Rs.15 to Rs.30 per lot.
For all of the Equity Futures, Currency Futures, and Commodity the customers are charged only 0.02 percent to 0.035 percent.
If you put Bansal Finstock authorized person charges, in comparison with others in the market, you will see how the lower charges attract customers.
|Bansal Finstock Sub Broker – Brokerage Charges to Clients|
|Here are the brokerage charges levied by Bansal Finstock Sub Broker to their clients|
|What are Equity Intraday charges?||0.02% – 0.035%|
|How much are Equity Delivery charges?||0.2% – 0.3%|
|How much is the charge levied on Equity Options?||Rs.20 – Rs.30 per Lot|
|How much are the Currency Options charges?||Rs.15 – Rs.30 per Lot|
|What are Equity Futures charges?||0.02% – 0.035%|
|What are the charges levied on Currency Futures?||0.02% – 0.035%|
|What are the charges levied on Commodity Trading?||0.02% – 0.035%|
What are the Account Opening Charges Levied to the clients of Bansal Finstock Sub Broker?
You can be certain about the account opening charges with Bansal Finstock. Your customers will be charged subsidized tariffs under the Bansal Finstock Franchise Charges. There is a mere charge of Rs 300 for opening an account.
The margin money is to be maintained at Rs 10,000 though. Your clients will be charged Rs 300 per annum for the maintenance of their Demat account.
Maintenance for trading accounts attracts no such charge though. At this instant, you can see that your customers will be wisely charged as per the Bansal Finstock Sub Broker Charges only with nothing extra charges imposed on them.
|Bansal Finstock Franchise – Account Opening Charges to Clients|
|Here are the account opening charges levied by Bansal Finstock Franchise to their clients|
|What are the Account Opening Charges?||Rs.300|
|What is the Margin Money required?||Minimum Rs.10,000|
|What is the charge for Demat AMC?||Rs.300 per Annum|
|how much are Trading AMC charges?||Free|
|How much is the Transaction Charges levied?||0.00265%|
What are the Customer Ratings of the Bansal Finstock Authorised Person Program?
If you seem to be looking for a truthful and frank opinion about the company, the Bansal Finstock Sub Broker Review and the customer ratings could certainly assist you to decide.
The Revenue Sharing model and the Security deposit get 2.4 out of 5, they get 2.5 out of 5 in Experience, they also get 2.6 out of 5 for their Offers and their Mobile trading platforms receive 2.5 out of 5.
This results in the Bansal Finstock Franchise Rating having an overall score of 2.5 out of 5.
|Bansal Finstock Franchise Customer Ratings|
|Find Client Ratings & Reviews against multiple parameters for Bansal Finstock|
|According to Revenue Sharing Model of the Franchiser||2.4 / 5|
|Ratings as per Security Deposit provided by the company||2.4 / 5|
|As per Experience in the Sub Broker Business||2.5 / 5|
|As per Offers provided by the Broking Franchise||2.6 / 5|
|Ratings as per Mobile Trading App & Trading Platforms||2.5 / 5|
|Overall Ratings of the Sub Broker Franchise||2.5 / 5|
Bansal Finstock Franchise Conclusion
It is advised to benefit from the service of Bansal Finstock as they offer tailored services according to its customer’s needs. The consultative service offered by the company to its customers is righteous.
To conclude, the Bansal Finstock Franchise Is undoubtedly a good business alternative, if you are seeking to set up your very own stock broking agency.
The company’s services, as well as policies, are quite adaptable to allow you to do business as a Bansal Finstock Sub Broker.
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