India Infoline Franchise or IIFL Franchise is one of the Pan India renowned stock broking franchise that everyone wants to be a part of.
A premier company dealing in the financial services and created a name for themselves in all the years they have been working.
In this article, we will see how India Infoline Sub Broker can join the stockbroker and the different options available for the same.
We will find in the write up below about the stock broker’s company, its business models, revenue structure for the business models, brokerage charges.
Account opening charges and many other details which are required by the interested people like you who are searching for the best brokers to start your sub-broking business franchise.
|IIFL Sub Broker Highlight|
|Top Business Model||Sub Broker|
|Initial Investment Required||Rs.1,00,000 – Rs.200,000|
|Revenue Sharing||60% – 75%|
|Payout Time||40 Days|
|SB Code Activation Time||30 Days|
What do you know about IIFL Franchise?
India Infoline Franchise needs no introduction if you are an investment enthusiast or even a person with some knowledge about the Indian financial market. India Infoline is one of the oldest financial service company in the country and it was established in the year 1995.
Mr. Nirmal Jain started the business in the city of Mumbai, where the company is having its headquarters now. The India Infoline Sub Broker become popular in a short period of time with the various offers and innovative investment ideas, products and services, the company came up with.
This full-service broker offers sub-brokership rights to the eligible candidates within 30 days from the date of approval of the application. They are a registered public company which makes them secure and safe to deal with. They make the payments within every 40 days.
|IIFL Business Partner Overview|
|Here is the overview of IIFL Franchise|
|What type of Company is it? – Public / Private||Public|
|What is the Broker type?||Full Service Broker|
|Where is the Headquarter located?||Mumbai, India|
|Who is the Founder?||Nirmal Jain|
|What is the year of establishment?||1995|
|How many days does it take for SB Code Activation?||30 Days|
|How many days/weeks it takes for Payout?||40 Days|
Speak to the Franchise Managers now! Fill up the form:
What are the various Business Models does India Infoline Sub Broker Program provides?
India Infoline Sub Broker is the one and only business model that the company offers to the people interested in joining them as business partners.
- Sub Broker / Authorised Person
- Marketing Associate
- Employee to Entrepreneur
- Remisier / DSA
India Infoline Sub Broker / Authorised Person
The India Infoline Franchise of sub-brokers start working after they get their sub-brokers code if they are eligible. The sub-brokers need to develop relations with the clients and make new clients for pitching and selling the products and services of the firm.
The firm in return shares a part of the revenue with the sub-broker. So, if you join as a sub-broker, you will earn a major portion of the revenue for your work.
IIFL Marketing Associate
In this model, the responsibility of the Associate will rely upon marketing. The concerned individual has to excel in the area of financial products and indulge in marketing activities of the stock broker. The exclusive products and services must be marketed, which would contribute to the upliftment of the Associate and also IIFL.
IIFL Employee to Entrepreneur
This model is only provided to certain individuals who fulfill certain criteria. The most basic one is an experience of 3 years in the capital market industry. The individual in question can choose the path of becoming an entrepreneur and talk the business arena they excel in. The further growth prospects of this model are massive as well.
IIFL Remisier / DSA
This model is provided by the brand for individuals who wish to become a direct sales agent. A pretty good networking base and marketing skills will help the remisier create a new income source, via a reputed brand, a strong market player.
|IIFL Franchise Business Models|
|Know about various Business Models of IIFL|
|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?||Yes|
How does IIFL Sub Broker Revenue Sharing work?
If you are wondering how India Infoline Franchise Revenue Sharing work, then it is very simple as you can also see in the below table.
The range is given over there, that is, 60% to 75% denotes that the minimum share of revenue that you can get entitled to is 60% of the total revenue generated by you.
While you can also earn up to 75% of the revenue, and for the same, all you need to do is to keep a little higher security deposit and this will be discussed in the latter part of the article. So, here the company keeps a 25% share and allocates the major chunk as India Infoline Sub Broker Commission.
Revenue sharing scheme for other models is as well provided in the table, i.e. the Marketing Associate will be paid in the percentage of 30, while Employee to Entrepreneur business owner will make 20%. Next, the Revenue sharing fixed for the Remisier is a ranging percentage of 50% – 60%.
|IIFL Sub Broker Revenue Sharing|
|Find the details of IIFL 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 Marketing Associate?||30%|
|How much is the revenue sharing Employee to Entrepreneur business?||20%|
|How much is the revenue sharing required for Partner / Remisier model?||50% – 60%|
Know about Revenue Sharing of other Sub Broker Franchise
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|5Paisa Franchise||SBICap Securities Franchise||JM Financial Franchise|
|Upstox Franchise||Bonanza Portfolio Franchise||Reliance Smart Money Franchise|
What is the India Infoline Business Partner Security Deposit requirement?
For starting the sub-broker franchise, you will need to deposit the required India Infoline Franchise Cost which is Rs.1,00,000 at the least.
So, when you deposit this amount you are eligible to work as the sub-broker of the firm however you will be entitled to a revenue share which is the minimum as discussed in the above section.
If you increase your security deposit which can be done up till Rs.2 lakhs, then you can increase your chances of earning more revenue up to the maximum written above. Also, there are three different sub structures provided in Franchise model, wherein the security deposit and the responsibility differs.
There are no charges required for the models – Marketing Associate and Employee to Entrepreneur. Finally, the last model, i.e. the Remisier Model demands a deposit of Rs.15,000
So, from here, you can understand another point, that the share of the revenue you get and the security deposit you keep with the firm are interconnected and directly proportional. The more India Infoline Sub Broker Investment you keep, the more share of the revenue you get.
|IIFL Franchise Security Deposit|
|Check the IIFL Franchise cost requirement for each business model|
|How much is security deposit required for Sub Broker Program?||Rs.1,00,000 – Rs.200,000|
|Is there any security deposit required for Marketing Associate?||No Charges|
|What is the initial investment required for Employee to Entrepreneur Model?||No Charges|
|What is the deposit required for Partner / Remisier Model?||Rs.15,000|
What are the various Offers rolled out by India Infoline Authorised Person Program?
There are various lucrative India Infoline Sub Broker Offers which you can be benefitted from. If you are having the potential to get the maximum business for the stockbroker then you can get India Infoline Franchise offer of flexible revenue sharing.
Under this offer, you get revenue beyond the maximum percentage mentioned in the previous paragraph. However, for the same, you have to get huge business for the broker.
|IIFL Sub Broker Offers|
|Here are the list of IIFL 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?||No|
Check out the various offers of other Sub Broker Providers
|Aditya Birla Money Franchise||Karvy Franchise||Sharekhan Franchise|
|Monarch Networth Franchise||Motilal Oswal Franchise||Swastika Investmart Franchise|
|Tradebulls Securities Franchise||Angel Broking Franchise||Shriram Insight Franchise|
What are the various Supports provided to IIFL Business Partner?
The India Infoline Partner Support is provided in the segments of product training, back-office, marketing, and advisory.
So, when you are joining the broker as their sub-broker, you will get a full-fledged product training. It will be carried on again when new products are introduced.
Apart from that, the India Infoline Franchise Support will help you with the marketing of your business, advising clients and also with your back-office work.
It is very important to get the right kind of support from the broker when you are venturing into a sub-brokership business and India Infoline turns no stone unturned to help you get when you want to.
|IIFL Business Partner Support|
|Here are the various Support IIFL Franchise needs to provide to their clients|
|Do they provide Acquisition Training to their associates?||Yes|
|Do they provide Training for Dealers of their sub brokers?||Yes|
|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 IIFL Sub Broker Program?
While you are required to keep a certain amount of security deposit, you are also required to have the proper infrastructure to be eligible for the sub-brokership of India Infoline.
The India Infoline Partner Requirement includes –
- The office of the sub-broker must be having 3 employees at the least. This is one of the primary India Infoline Sub Broker Infra Requirement.
- Office of the sub-broker cannot be less than 200 square feet. You need to have space to accommodate the employees and clients.
- The internet connection needs to be there. You can use high-speed dial-up/broadband connections for smooth working
- Office must be equipped with telephone lines
- The terminals for trading are not mandated by the stockbroker also the research services. These are at your discretion whether you want to keep or not.
|IIFL Partner Infrastructure Requirement|
|Find the various Infra required to take up IIFL Franchise|
|What is the Employee Strength needed to start this franchise?||Minimum 3|
|Do the Sub Broker needs to provide Trading Terminals?||No|
|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 200 Sq Ft|
Find out the basic requirements of other Stock Broking Franchise
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|Nirmal Bang Franchise||ICICI Direct Franchise||Profitmart Securities Franchise|
What is the Eligibility Criteria to Become India Infoline Partner?
The India Infoline Sub Broker Eligibility criteria are –
- Education of the sub-broker must be equivalent to 10+2. It is the basic requirement to be eligible for the sub-brokers position with India Infoline.
- The interested sub-broker needs to have at least a few years of previous experience in the stock market. It can be in trading, investments, sub-broking or stockbroking anything related to the stock market and dealing.
- Financial products knowledge is a must in this industry. You as a sub-broker who is applying with India Infoline needs to be aware of the market and the economy as a whole and about the various products of investments and services related to the same.
- Certification for dealers or sub-brokers by NISM and NCFM is a prerequisite as well.
- The documents you need to present are –
- AADHAAR Card
- PAN Card
- Voter Id
- Address Proof
- Education Degree certificates
- NISM or NCFM Certificates
- SEBI Registration Certificates
- GST Registration Certificates
- Others are mentioned in the form of India Infoline Franchise Eligibility
What is the brokerage charges levied to the Clients of IIFL Partners?
Brokerage charges play a crucial role in attracting clients. The India Infoline Authorised Person Charges for the clients are mentioned above in the table as you can see.
For the equity intraday, it is 0.05% which is a little higher than the market average but reasonable. Same for Options – both equity and currency which is Rs. 100 per lot.
The equity delivery segment is comparatively cheaper than others. Other India Infoline Partner Charges are more or less at par with the market.
|IIFL Sub Broker – Brokerage Charges to Clients|
|Here are the brokerage charges levied by IIFL Sub Broker to their clients|
|What are Equity Intraday charges?||0.05%|
|How much are Equity Delivery charges?||0.005|
|How much is the charge levied on Equity Options?||Rs.100 per Lot|
|How much are the Currency Options charges?||Rs.100 per Lot|
|What are Equity Futures charges?||0.05%|
|What are the charges levied on Currency Futures?||0.05%|
|What are the charges levied on Commodity Trading?||0.05%|
What is the Account Opening Charges Levied to the clients of India Infoline Sub Broker?
For opening account with India Infoline client of yours have to pay an amount which is Rs.1300 and this is quite high as compared to other brokers.
The India Infoline Franchise Charges for opening account is justified with a free trading account along with free maintenance.
The maintenance of the Demat account is done against Rs. 300 per year which is fair. The transaction charges are 0.0000325% which is lesser than others. The margin money requirement is high, however, compared to the stature of the stock-broker, it is justifiable.
|IIFL Franchise – Account Opening Charges to Clients|
|Here are the account opening charges levied by IIFL Franchise to their clients|
|What are the Account Opening Charges?||Rs.1300|
|What is the Margin Money required?||Minimum Rs.25,000|
|What is the charge for Demat AMC?||Free or Rs.300 per Annum|
|how much are Trading AMC charges?||Zero|
|How much is the Transaction Charges levied?||0.0000325|
What is the Customer Ratings of IIFL Authorised Person Program?
If you look at the table of customer ratings above, you will find that the firm has got an overall ranking of 3.12 out of 5 points which is little more than the average.
India Infoline Franchise Ratings have always been above average because of their great services and their attitude towards their client which is so right and that is evident from a 3.5 rating on the customer experience row.
The sub-brokers are also not left out, and you all get the best offers from the firm. As per the India Infoline Sub Broker Review, the offers they get are rated at 3.5 again which is great.
|IIFL Franchise Customer Ratings|
|Find Client Ratings & Reviews against multiple parameters for IIFL|
|According to Revenue Sharing Model of the Franchisor||3.20 / 5|
|Ratings as per Security Deposit provided by the company||3.40 / 5|
|As per Experience in the Sub Broker Business||3.50 / 5|
|As per Offers provided by the Broking Franchise||2.50 / 5|
|Ratings as per Mobile Trading App & Trading Platforms||3.20 / 5|
|Overall Ratings of the Sub Broker Franchise||3.12 / 5|
IIFL Franchise or India Infoline Franchise Conclusion
The India Infoline Sub Broker business model is quite lucrative. You get one of the best earning opportunity by investing in lesser capital.
Moreover, you are getting the chance to join the India Infoline Franchise network which is huge and recognized in the country and abroad as well.
Get to know about other Sub Brokers in India
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|Edelweiss Franchise||Asit C Mehta Franchise||Geojit Finance Franchise|
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Start your own Business Now! Become a Sub Broker. Fill up the Form
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