In the article given below, an insight about the JM Financial Franchise has been provided for you to read or get your head around if you want to become one.
This is something not to be missed if you are fascinated with the idea of becoming a JM Financial Sub Broker. Most of your questions will be answered in this article for being allied to them.
All your reservations regarding how to sign on with JM Financial, which are the documents you will need, what are the eligibility criteria, and what the dividend sharing percentage would be, all your queries will be explained here.
|JM Financial Sub Broker Highlight
|Top Business Model
|Initial Investment Required
|Rs.50,000 – Rs.300,000
|50% – 70%
|SB Code Activation Time
What do you know about JM Financial Franchise?
JM Financial is a consummated Public Full Service Broker that commenced its operation in the year 1973 in India. The founding father of the company Mr. Nimesh Kampani set up this company in the late eighties in the city of dreams, Mumbai, Maharashtra (Bombay back then).
If you are thinking about getting involved with them as an accredited JM Financial Franchise, you certainly would not regret it as they are one of the explicit and equitable organizations.
Their mode of payment is as simple as it can get, it takes a month and ten days to hand out the paychecks. The process of getting into JM Financial is also an easy task. After 20 days, you become one of them with the activation code.
|JM Financial Business Partner Overview
|Here is the overview of JM Financial 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?
|What is the year of 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 JM Financial Sub Broker Program provides?
To become a part of JM Financial, all you need to do is follow a simple procedure. There are many organizations out there that follow the unchallenging process, hence their business models are also very simple and sorted.
They function only in two models, i.e., the Sub Broker model and the Master Franchise model. This allows you to become a JM Financial Sub Broker and JM Financial Master Franchise without being a remisier.
JM Financial Sub Broker / Authorised Person
Being a Sub Broker with JM Financial means that you get full access to the company’s trading policies and you also get to trade directly for your customers along with yourself.
The Sub Broker depicts the company directly in front of the stockholders.
JM Financial Master Franchise
In a Master Franchise contract with JM Financial, the master franchisor transfers the authority of the franchising activities within a restricted region to an entity or person.
Usually, he allows the permit to the master franchisee or the Sub franchisor.
|JM Financial Franchise Business Models
|Know about various Business Models of JM Financial
|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 JM Financial Sub Broker Revenue Sharing work?
JM Financial Revenue sharing model is exceptionally concise and distinctly defined. They have two working Sub Broker Model as mentioned above the revenue percentage is somehow not restricted. They recognize the endeavor of their business partners and provide them with maximal licit share.
If you associate with them, then your JM Financial Sub Broker Commission would be ranging from 50 to 70 percent and your JM Financial Master Franchise Commission would be ranging from 70 to 80 percent of the total proceeds spawned by you.
If you could assure them of a higher proceed generation or an extensive business quantum with a little haggling, you could get a better share of the revenue.
|JM Financial Sub Broker Revenue Sharing
|Find the details of JM Financial Sub Broker Commission for all Business Models
|What is the revenue sharing for Sub Broker program?
|50% – 70%
|Do they provide revenue sharing or direct pay for Referral Program?
|How much is the revenue sharing Master Franchise business?
|70% – 80%
|How much is the revenue sharing required for Partner / Remisier model?
Know about Revenue Sharing of other Sub Broker Franchise
|Axis Direct Franchise
|Religare Securities Franchise
|Indiabulls Ventures Franchise
|SBICap Securities Franchise
|Bonanza Portfolio Franchise
|India Infoline Franchise
|Reliance Smart Money Franchise
What is the JM Financial Business Partner Security Deposit requirement?
Predominantly, JM Financial Cost is not as high as other market competitors when it comes down to its Sub Broker model. Several companies charge a hefty sum that might go up to Rs.5 lakhs at times as a one-time security deposit.
Although with this organization, your complete JM Financial Sub Broker Investment would range between somewhere around Rs.50000 to Rs.300000 but JM Financial Master Franchise Investment would range from Rs.300000 to Rs.500000.
This inconsistency in the security deposit amount has a strange reason. If you have a prevailing business setup or a powerful client base and if you persuade to deliver a huge volume of business to the organization, you can effortlessly settle for a minimal investment.
|JM Financial Franchise Security Deposit
|Check the JM Financial Franchise cost requirement for each business model
|How much is security deposit required for Sub Broker Program?
|Rs.50,000 – Rs.300,000
|Is there any security deposit required for Referral Program?
|What is the initial investment required for Master Franchise Model?
|Rs.300,000 – Rs.500,000
|What is the deposit required for Partner / Remisier Model?
What are the various Offers rolled out by JM Financial Authorised Person Program?
You can release a sigh of relief to know that you can get many JM Financial Sub Broker Offers if you sign up with them. From the company, you get both Flexible Revenue Sharing and Zero Revenue Sharing with Prepaid.
Although, other options like Flat Revenue Sharing, Zero Deposit, and 10k Initial Deposit are not present in the list of Jm Financial Franchise Offers.
|JM Financial Sub Broker Offers
|Here is the list of JM Financial Franchise offers available to the clients
|Do they provide Flexible Revenue Sharing offer?
|Are they providing Flat Revenue Sharing offer?
|Do they offer Zero Revenue Sharing model with Prepaid payment?
|Do they provide Zero Deposit scheme?
|Are they offering 10k Initial Deposit scheme?
Check out the various offers of other Sub Broker Providers
|Aditya Birla Money 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 JM Financial Business Partner?
Being a business associate, you can undeniably contemplate a lot of help in the form of JM Financial Franchise Support. However, you do not get much training of any type like Acquisition training, Dealing training, or Product training.
This is something you have to manage yourself. As a part of the JM Financial Partner Support, you get end-to-end Back Office support as well as Trading support, Advisory support, and Marketing support.
|JM Financial Business Partner Support
|Here are the various Support JM Financial 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 authorised 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 JM Financial Sub Broker Program?
The JM Financial Partner Requirement when it comes to infrastructure, it is very pragmatic and conventional. They don’t have ostentatious assumptions or requests from their partners to keep up high infrastructure qualities.
The company expects you to handle a small office space for the running of the business in an approx 300 sq ft size office space with around 3 employees in hand to help in the business.
Some other things that come as a part of the JM Financial Sub Broker Infra Requirement would be Trading terminals, Internet Connection, Telephone Lines, and access to Research services inside the office.
|JM Financial Partner Infrastructure Requirement
|Find the various Infra required to take up JM Financial 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 it mandatory to provide Research Services by Sub Broker?
|How much is the size of Office Area required to become a Sub Broker?
|Minimum 300 Sq Ft
Find out the basic requirements of other Stock Broking Franchise
|Anand Rathi Franchise
|Kotak Securities Franchise
|Shri Parasram Holdings Franchise
|Ventura Securities Franchise
|Prabhudas Lilladher Franchise
|Nirmal Bang Franchise
|ICICI Direct Franchise
|Profitmart Securities Franchise
What are the Eligibility Criteria to become JM Financial Partner?
Almost Like any other broker, they also have their JM Financial Sub Broker Eligibility, which you have to qualify to become a certified sub-broker. They are looking for a candidate who has high virtue and zeal for equity.
The person must have good knowledge of risk management, the regulatory environment, and above all stock markets.
They must also have a good reputation and an impressive performance history in the market of financial services and other businesses as well as a good clientele.
A minimal experience of 3 years is mandatory in the field of selling financials as a Sub-broker, Remiser, Mutual Fund, or Main broker.
They could be Insurance Advisors, a Distributor, Financial planners,s or even just an employee of any existing Sub-Broker or Broker.
In conclusion, JM Financial Franchise Eligibility calls for someone interested in investing in people and infrastructure.
What are the brokerage charges levied on the Clients of JM Financial Partners?
One thing you can brag about is their brokerage charges as JM Financial Partner Charges are minimal across the industry. Just like for Equity Intraday, your customers will be charged between 0.05 percent and 0.015 percent of the transaction value.
Again for Equity Delivery there lies a charge of 0.15 percent. Whereas, for both Equity Futures and Currency Features they charge a mere 0.02 percent.
Lastly, for both Equity Options, Currency Options, and Commodity, they charge from Rs.25 per lot regardless of the trade value.
If you compare the JM Financial Authorised Person Charges with other organizations, you will witness that the charges are low as compared to those competitors and are a smart way to attract more customers.
|JM Financial Sub Broker – Brokerage Charges to Clients
|Here are the brokerage charges levied by JM Financial 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.25 per Lot
|How much are the Currency Options charges?
|Rs.25 per Lot
|What are Equity Futures charges?
|What are the charges levied on Currency Futures?
|What are the charges levied on Commodity Trading?
|Rs.25 per Lot
What are the Account Opening Charges Levied to the clients of JM Financial Sub Broker?
Another thing to slash down the worry is the process to open an account with JM Financial. Your clients will be charged with minimal rates under the JM Financial Franchise Charges.
There is a charge of Rs 1180 to open the account, for Trading and NIL for Demat account, although for the Demat account maintenance, your customers will be charged Rs.650 per annum.
There also remains a mere transaction charge of 0.00286 percent. The Margin amount not charged is a sum that is refundable.
This is an insight into how your customers will be charged in accordance with the JM Financial Sub Broker Charges only and can rest assured of no further charges levied on them.
|JM Financial Franchise – Account Opening Charges to Clients
|Here are the account opening charges levied by JM Financial 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 is the Transaction Charges levied?
How to become a JM Financial Partner or Sub Broker?
Any eligible person can become JM Financial Partner. Therefore it is advised to check your eligibility first before applying.
Because being one of the company’s sub-brokers, you will be bound to some duties and legal obligations. Once your eligibility is verified, head to the registration process –
- Get the registration form from JM Financial
- Read and accept the relevant business clauses
- Submit the asked documents and head to the verification process
- Some information in regard to your existing business may be requested upon verification
- Hereafter, signatures on a legal agreement will be done by both parties
Wait for the overall process to end (it normally takes one week or two). But once further verification checks are done from the broker side, you are all set to commence your operation as JM Financial’s sub-broker.
Documents required to become JM Financial Partner
Here’s a list of documents that an aspiring JM Financial Sub Broker is required to submit to pass the verification checklist.
- A valid identity card – Aadhaar Card, Voter ID Card, or Passport
- Taxation documents – Pan Card or ITR
- GST Registration Certificate
- Proprietor Photo
- Franchise Agreement
- Unit/Shop Address Proof
- Business Address Proof
Why Partner with JM Financial?
The JM Financial Franchise exposes a person to some incredible benefits. However, these benefits aren’t identical for each person.
The efforts you put in and the tactical strategy you deploy in your marketing network decide the partnership’s success.
Here’s a list of benefits JM Financial offers to aspiring partners that might help you ensure whether or not you should become the broker’s partner.
- All partners of JM Financial access complete support from the broker
- A dedicated service is allotted to each single partner
- You can make a commission of up to 40%-70% of the total revenue
- Have full control over products and solutions
- Track profits and program growth through a digital interface
- Exposure to a wide range of investment products.
- Additional offers upon achieving the milestones
JM Financial Franchise – Pros & Cons
Being a JM Financial Partner, you are likely to confront some major upsides and downsides of acquiring the franchise of JM Financials. Here’s a quick overview –
- 40%-70% revenue sharing is impressive
- The company is operational since 1986
- Business model – Independent Financial Distributors (IFDs)
- Multiple products and services to clients
- The program is backed by a strong research team
- Assistance through well-built online software
- A broker’s credibility is a bit notorious in the market
- Initial Deposit is beyond the affordability of some folks
- The PlayStore rating of the JM Financial app is less than 4
- Less opportunity for medium to small investors
JM Financial Franchise Registration
JM Financial Franchise Registration process has been described in simple words below. Take a look and head to the destination.
Start by simply filling up the registration form as provided in the review (Alternatively, you can find the registration form on the broker’s official website.
- Inspect and accept the business clauses, including terms & conditions
- Deposit all the needed documents to pass the verification process
- Consent to further terms & conditions as offered by the broker
- Ahead, signatures of both broker and sub-broker will be taken on the agreement
Once everything is done, head to the operation and start generating revenue because, finally, you are a JM Financial Sub Broker.
Earning the potential of a JM Financial Partner / ROI
The earning potential is subject to change in the JM Financial Business Partner program. It is entirely decided by sub-brokers’ own capabilities. If they are attracting more customers, expect more revenue.
JM Financial revenue sharing is in the range of 40%-70%. Simply put, a sub-broker will retain 1/4th or 1/7th portion of the total revenue generated by JM Financial through each referral client.
However, the highest revenue sharing can go up to 90%, and some big investors can avail of the offer through negotiation or business dealing.
JM Financial Authorised Person – Products Offered
Products offered to a JM Financial Authorised Person are also well-noticeable. Here’s a quick recap of all these assets that you must know –
- Equity Trading
- Currency Trading
- Commodity Trading
- Option Trading
- Mutual Funds
- Futures IPO
Besides these, an authorized person is even exposed to the right of offering Demat/trading account opening services, insurance services, assistance in PMS, trading terminal, mobile app, and web trading platform.
What are the Customer Ratings of JM Financial Authorised Person Program?
If you are searching for some candid feedback about the company, the JM Financial Portfolio Sub Broker Review and the ratings from the customers could certainly guide you and ultimately help you decide for yourself.
The Revenue Sharing Model gets a 2.9 out of 5; the security deposit gets a 3 out of 5; the experience gets a rating of 2.9; their offer gets an impressive 2.7; the mobile apps and trading platforms score 2.9 out of 5.
That results in the JM Financial Franchise Rating at an overall 3 out of 5.
|JM Financial Franchise Customer Ratings
|Find Client Ratings & Reviews against multiple parameters for JM Financial
|According to Revenue Sharing Model of the Franchiser
|2.9 / 5
|Ratings as per Security Deposit provided by the company
|3.0 / 5
|As per Experience in the Sub Broker Business
|2.9 / 5
|As per Offers provided by the Broking Franchise
|2.7 / 5
|Ratings as per Mobile Trading App & Trading Platforms
|2.9 / 5
|Overall Ratings of the Sub Broker Franchise
|2.9 / 5
JM Financial Franchise Conclusion
In conclusion, the JM Financial Franchise is undeniably a good business to consider if you want to set up your stock broking agency and make some good money off of it.
The company’s strategies and facilities are quite adaptable and will allow you to do business as a JM Financial Sub Broker taking you to new heights.
Get to know about other Sub Brokers in India
|SMC Global Franchise
|Paytm Money Franchise
|Asit C Mehta Franchise
|Geojit Finance Franchise
|Reliance Securities Franchise
|HDFC Securities Franchise
|Alice Blue Online Franchise
Start your own Business Now! Become a Sub Broker. Fill up the Form
Most Read Articles