In this article, we would be providing you insights about the Bonanza Portfolio Franchise and how to become one.
If you are interested in becoming a Bonanza Portfolio Sub Broker, then this is a must-read for you will discover most of your questions being solved here concerning being associated with them.
All your queries like how to enroll with Bonanza, what documents are required, what are the eligibility and what the profit-sharing percentage is; everything will be clarified here.
|Bonanza Portfolio Sub Broker Highlight
|Top Business Model
|Initial Investment Required
|Rs.75,000 – Rs.200,000
|65% – 80%
|SB Code Activation Time
What do you know about Bonanza Portfolio Franchise?
Bonanza Portfolio is a seasoned Public Full Service Broker that launched its operations in India in the year 1994.
Their Founder, Mr. Shiv Kumar Goel, established the company in the early nineties in the financial capital city of India – Mumbai.
If you are planning to get associated with them as a Bonanza Portfolio Sub Broker, then you surely will not regret it as they are a very transparent and fair organization.
Their payment modes are simple and regular, mostly on a monthly payout cycle. Being a Bonanza Portfolio Franchise is also not a very complex task, the entire turnaround time of application to getting the activation code is only 20-30 days.
|Bonanza Portfolio Business Partner Overview
|Here is the overview of the Bonanza Portfolio Franchise
|What type of Company is it? – Public / Private
|What is the Broker type?
|Full Service Broker
|Where is the Headquarter located?
|Who is the Founder?
|Shiv Kumar Goel
|What is the year of the establishment?
|How many days does it take for SB Code Activation?
|How many days/weeks it takes for Payout?
Speak to the Franchise Managers now! Fill up the form:
What are the various Business Models that does Bonanza Portfolio Sub Broker Program provides?
To become a Bonanza Portfolio Franchise, you need to follow a very simple process. They are a very uncomplicated organization and hence their business models are also very simple and uncomplicated.
They operate only in one model i.e. the Sub Broker model. This means that you can become just a Bonanza Portfolio Sub Broker and not a Remisier or Agent.
Bonanza Portfolio Sub Broker / Authorised Person
A Sub Broker with Bonanza means that you will have complete access to the company’s trading platforms and can trade directly for yourself as well as for your customers.
The Sub Broker represents the company directly in front of the investors.
|Bonanza Portfolio Franchise Business Models
|Know about various Business Models of Bonanza Portfolio
|Is the Sub Broker business model available?
|Do they provide Referral Program?
|Do they provide Master Franchise Model?
|Does this broker provide Partner / Remisier model?
How does a Bonanza Portfolio Sub Broker Revenue Sharing work?
The Bonanza Portfolio Franchise Revenue Sharing model is extremely crisp and clearly defined. Since they have only one working Sub Broker Model, hence the revenue percentage is also pre-defined for everyone.
They completely acknowledge the efforts of their business partners and give them the maximum permissible share. If you partner with them, then your Bonanza Portfolio Sub Broker Commission would be approximately 65% – 80% of the total revenue generated by you.
The higher revenue share can be negotiated if you assure them of a higher revenue generation or a larger business quantum.
|Bonanza Portfolio Sub Broker Revenue Sharing
|Find the details of Arch Finance Sub Broker Commission for all Business Models
|What is the revenue sharing for Sub Broker program?
|65% – 80%
|Do they provide revenue sharing or direct pay for Referral Program?
|How much is the revenue sharing Master Franchise business?
|How much is the revenue sharing required for Partner / Remisier model?
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What is the Bonanza Portfolio Business Partner Security Deposit requirement?
Principally, the Bonanza Portfolio Franchise Cost is not as high as other market players. Various companies charge a hefty amount, sometimes up to Rs.5 lac as well as a one-time security deposit.
However, with this organization, your total Bonanza Portfolio Sub Broker Investment would be anything between Rs. 70,000 to a maximum of Rs. 2,00,000. This disparity in the security deposit amount is also for a peculiar reason.
If you have an existing business setup or a strong client base and if you assure to give a large volume of business to the company, you can easily settle for a minimum investment.
|Bonanza Portfolio Franchise Security Deposit
|Check the Bonanza Portfolio Franchise cost requirement for each business model
|How much is the security deposit required for Sub Broker Program?
|Rs.75,000 – Rs.200,000
|Is there any security deposit required for Referral Program?
|What is the initial investment required for Master Franchise Model?
|What is the deposit required for the Partner / Remisier Model?
What are the various Offers rolled out by Bonanza Portfolio Authorised Person Program?
You can be rest assured to get many Bonanza Portfolio Sub Broker offers if you enroll with them. Flexible Revenue sharing is one of the major offers that you get from them.
Besides, they also have the 10k Initial deposit option for you, which means that you can get started with them with a minimum deposit of 10,000 as well.
However, options like Flat Revenue sharing, Zero Deposit or Zero Revenue Sharing with Prepaid are not available in the list of Bonanza Portfolio Franchise offers.
|Bonanza Portfolio Sub Broker Offers
|Here are the list of Bonanza Portfolio Franchise offers available to the clients
|Do they provide a Flexible Revenue Sharing offer?
|Are they providing Flat Revenue Sharing offers?
|Do they offer the Zero Revenue Sharing model with Prepaid payment?
|Do they provide a Zero Deposit scheme?
|Are they offering a 10k Initial Deposit scheme?
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What are the various Supports provided to Bonanza Portfolio Business Partner?
As a business partner, you certainly can expect a lot of help in the form of Bonanza Portfolio Franchise Support. They invest a lot in training their partners and hence the acquisition training, Product training, dealing training, etc is all done by Bonanza itself.
As a part of the Bonanza Portfolio Partner Support, you can also expect end-to-end Back-office support from their team and also trading-related support for you as well as your customers.
However, they do not provide any type of Advisory support or marketing-related support to their partners; that is something you will have to manage yourself.
|Bonanza Portfolio Business Partner Support
|Here are the various Support Bonanza Portfolio Franchise needs to provide to their clients
|Do they provide Acquisition Training to their associates?
|Do they provide Training for Dealers of their sub brokers?
|Are they providing Product Training for their business partners?
|Do they provide Back-Office Support for their authorized person?
|Are they providing Trading Support to their business partners?
|Are they sharing Advisory Support with their partners?
|Does the broking house provide Marketing Support to their sub brokers?
Which is the Infrastructure required for Bonanza Portfolio Sub Broker Program?
The Bonanza Portfolio Partner Requirement in terms of infrastructure is also extremely realistic & conservative. They don’t have flamboyant expectations or demands from their partners to maintain high infrastructure standards.
The company wants you to maintain a small office space for the business (approx 200 sq ft size) with around 3 employees to cater to the business.
Some other things as a part of the Bonanza Portfolio Sub Broker Infra Requirement would be necessities like Internet connection, telephone lines, and Trading Terminals access in their office.
|Bonanza Portfolio Partner Infrastructure Requirement
|Find the various Infra required to take up Bonanza Portfolio Franchise
|What is the Employee Strength needed to start this franchise?
|Do the Sub Broker needs to provide Trading Terminals?
|Is the Internet Connection mandatory to take up franchise?
|Are Telephone Lines mandatory for Business Partners?
|Is mandatory to provide Research Services by Sub Broker?
|How much is the size of Office Area required to become a Sub Broker?
|Minimum 200 Sq Ft
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What are the Eligibility Criteria to Become Bonanza Portfolio Partner?
Like any other broker, they also have their Bonanza Portfolio Sub Broker Eligibility, which means that they would check your eligibility criteria before certifying you as their sub broker.
The basic mandates are that you need to be a graduate or at least 12th pass in terms of qualification. Some experience related to the financial industry would be an added advantage.
If you are already working with a Stock broking company or have a stock broking business that could be extremely beneficial. Moreover, you also need to have a SEBI certificate to become a sub broker which is a mandate.
These are some of the Bonanza Portfolio Franchise Eligibility criteria that you need to fulfill while applying with them.
What are the brokerage charges levied on the Clients of Bonanza Portfolio Partners?
You can also boast about their brokerage charges as Bonanza Portfolio Partner Charges are the least across the industry. For Equity Intraday and Equity Futures, your customers will be charged just 0.01% of the transaction value.
For Currency Futures & Commodity, they charge only 0.06% and for Equity Delivery, they will charge only 0.10% of the total value of the trade.
If we talk about Options, they charge on a per-lot basis – for Equity Options, they charge Rs. 20 per lot irrespective of the trade value and for Currency Options, they charge only Rs. 10 per lot.
If you compare the Bonanza Portfolio Authorized Person Charges, it is very low as compared to other market players and this is how you can attract more and more customers.
|Bonanza Portfolio Sub Broker – Brokerage Charges to Clients
|Here are the brokerage charges levied by Bonanza Portfolio Sub Broker to their clients
|What are Equity Intraday charges?
|How much are Equity Delivery charges?
|How much is the charge levied on Equity Options?
|Rs.20 per Lot
|How much are the Currency Options charges?
|Rs.10 per Lot
|What are Equity Futures charges?
|What are the charges levied on Currency Futures?
|What are the charges levied on Commodity Trading?
What is the Account Opening Charges Levied to the clients of Bonanza Portfolio Sub Broker?
You can rest assured about the account opening charges with Bonanza. Your clients will be charged subsidized rates under the Bonanza Portfolio Franchise Charges.
There are no charges for account opening, neither for the Trading accounts nor for the Demat account. However, for Demat Account maintenance, your customers will need to pay an AMC charge of Rs. 250 per annum.
The Margin money charged is also minimal i.e. Rs. 10,000/- and this is refundable. Now, you can see that your clients will be judiciously charged as per the Bonanza Portfolio Sub Broker Charges only and nothing extra will be levied upon them.
|Bonanza Portfolio Franchise – Account Opening Charges to Clients
|Here are the account opening charges levied by Bonanza Portfolio Franchise to their clients
|What are the Account Opening Charges?
|What is the Margin Money required?
|What is the charge for Demat AMC?
|how much are Trading AMC charges?
|How much are the Transaction Charges levied?
What are the Customer Ratings of Bonanza Portfolio Authorised Person Program?
If you are looking for honest feedback about the company, the Bonanza Portfolio Sub Broker Review & the customer ratings could certainly help you decide.
The Revenue Sharing model gets a 2.9 rating over 5 points; the security deposit amount gets a 2.5 rating, the experience gets a 2.8 rating, Their offers get a 2.4 rating over 5 and their Mobile trading platforms get a 2.7 rating over 5.
This means, holistically if you see, the Bonanza Portfolio Franchise Rating would be 2.7 over 5 as an overall score.
|Bonanza Portfolio Franchise Customer Ratings
|Find Client Ratings & Reviews against multiple parameters for Bonanza Portfolio
|According to Revenue Sharing Model of the Franchisor
|2.9 / 5
|Ratings as per Security Deposit provided by the company
|2.5 / 5
|As per Experience in the Sub Broker Business
|2.8 / 5
|As per Offers provided by the Broking Franchise
|2.4 / 5
|Ratings as per Mobile Trading App & Trading Platforms
|2.7 / 5
|Overall Ratings of the Sub Broker Franchise
|2.7 / 5
Bonanza Portfolio Franchise Conclusion
To conclude, the Bonanza Portfolio Franchise is certainly a good business option if you are looking at setting up your stock broking agency and making some good money.
The company’s policies and services are quite flexible to enable your business as a Bonanza Portfolio 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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