JM Financial Franchise or Sub Broker – Find Revenue Sharing, Security Deposit and more

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 as for being allied to them.

All your reservations regarding how to sign on with JM Financial, which are the documents you will need, what is 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 Sub Broker
Initial Investment Required Rs.50,000 – Rs.300,000
Revenue Sharing 50% – 70%
Payout Time 40 Days
SB Code Activation Time 20 Days

JM Financial Franchise SubBroker


What do you know about JM Financial Franchise?

JM Financial is a consummated Public Full Service Broker that commenced its operation in the year 1986 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 as they are one of the explicit and equitable organisations.

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 Public
What is the Broker type? Full Service Broker
Where is the Headquarter located? Mumbai, Maharashtra
Who is the Founder? Nimesh Kampani
What is the year of establishment? 1986
How many days does it take for SB Code Activation? 20 Days
How many days/weeks it takes for Payout? 40 Days

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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 organisations 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 the 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? Yes
Do they provide Referral Program? No
Do they provide Master Franchise Model? Yes
Does this broker provide Partner / Remisier model? No

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? NA
How much is the revenue sharing Master Franchise business? 70% – 80%
How much is the revenue sharing required for Partner / Remisier model? NA

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What is the JM Financial Business Partner Security Deposit requirement?

Predominantly, the JM Financial Cost is not as high as other market competitors when it comes down it 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? NA
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? NA

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? Yes
Are they providing Flat Revenue Sharing offer? No
Do they offer Zero Revenue Sharing model with Prepaid payment? Yes
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

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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 the Acquisition training, Dealing training or the 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? 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 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 of 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? Minimum 3
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? Yes
How much is the size of Office Area required to become a Sub Broker? Minimum 300 Sq Ft

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What is 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 about risk management, regulatory environment and above all stock markets.

They must also have a good repute and an impressive performance history in the market of financial services and other businesses as well with a good clientele.

Minimal experience of 3 years is mandatory in the field of selling financials as Sub-broker, Remiser, Mutual Fund or Main broker.

They could be an Insurance Advisor, a Distributor, a Financial Planner 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 is the brokerage charges levied to the Clients of JM Financial Partners?

One thing you can brag about is their brokerage charges as JM Financial Partner Charges are the minimal across the industry. Just like for Equity Intraday your customers will be charged between 0.05 per cent and 0.015 per cent of the transaction value.

Again for Equity Delivery there lies a charge between 0.5 per cent and 0.15 per cent. Whereas, for both Equity Futures and Currency Features they charge a mere 0.05 per cent to 0.015 per cent.

Lastly, for both Equity Options and Currency Options, they charge from Rs.20 to Rs.75 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? 0.05% -0.015%
How much are Equity Delivery charges? 0.5% – 0.15%
How much is the charge levied on Equity Options? Rs.75 – Rs.20 per Lot
How much are the Currency Options charges? Rs.75 – Rs.20 per Lot
What are Equity Futures charges? 0.05% -0.015%
What are the charges levied on Currency Futures? 0.05% -0.015%
What are the charges levied on Commodity Trading? NA

What is 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 799 to open the account, for both Trading and Demat account, although for the Demat account maintenance, your customers will be charged Rs.299 per annum.

There also remains a mere transaction charge of 0.00325 per cent. The Margin amount charged is a sum of Rs.15000 which is refundable.

This is an insight on how your customers will be charged in accords 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? Rs.799
What is the Margin Money required? Rs.15,000 Minimum
What is the charge for Demat AMC? Rs.299
how much are Trading AMC charges? Free
How much is the Transaction Charges levied? 0.00325%

What is the Customer Ratings of JM Financial Authorised Person Program?

If you are searching for some candid and honest 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
Star Ratings ★★★☆☆

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

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