Karvy Sub Broker is a powerful name in the stock industry and has been very successful in each and every venture.
Here you will be provided with an overview of Karvy Franchise that will help you to understand their terms and conditions better.
All the useful information about the company including its business models, deposits, revenues, infrastructural requirements, eligibility criteria, commission charges, and customer reviews will be discussed in this article.
|Karvy Sub Broker Highlight|
|Top Business Model||Sub Broker|
|Initial Investment Required||Rs.50,000|
|Revenue Sharing||60% – 70%|
|Payout Time||33 Days|
|SB Code Activation Time||20 Days|
What do you know about Karvy Franchise?
Founded in 1983, Karvy Franchise is a renowned public company based in Hyderabad, India. It is a full-service brokerage house that provides a lot of financial services to the clients.
A Karvy Sub Broker can activate his Sub Broker Code in almost 20 days. The payout time of the company is calculated to be around 33 days.
|Karvy Business Partner Overview|
|Here is the overview of Karvy Franchise|
|What type of Company is it? – Public / Private||Public|
|What is the Broker type?||Full Service Broker|
|Where is the Headquarter located?||Hyderabad, India|
|Who is the Founder?||C Parthasarathy|
|What is the year of establishment?||1983|
|How many days does it take for SB Code Activation?||20 Days|
|How many days/weeks it takes for Payout?||33 Days|
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What are the various Business Models that does Karvy Sub Broker Program provides?
Karvy Franchise follows three types of business models. These models are categorized as Sub Broker, Master Franchise, and Remisier.
- Sub Broker / Authorised Person
- Master Franchise
Karvy Sub Broker / Master Franchise / Remisier
A Karvy Sub Broker does not get the privilege of the Referral Program. All the business models are different from each other on multiple aspects and have got some set of advantages.
In the Karvy sub broker business model, there is no need for physical setup, the total process can be operated online.
In the case of Karvy Master Franchise, the person needs to set up franchises and no target on customers. The revenue earned by this franchise is 5-10%.
In Karvy Remiser model customer can enjoy perks with a referral. They can earn commission by connecting with potential customers.
|Karvy Franchise Business Models|
|Know about various Business Models of Karvy|
|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?||Yes|
How does Karvy Sub Broker Revenue Sharing work?
The Revenue Sharing model of the company can be viewed from the table above. It shows that Karvy Sub Broker Commission for Master Franchise is 5% to 10% of the franchise. That for the Sub Broker model is 60% to 70%.
The Karvy Franchise Revenue Sharing in the Remisier model is 40%. There is no revenue sharing policy in the Referral Program as the model is not offered by the company.
|Karvy Sub Broker Revenue Sharing|
|Find the details of Karvy Sub Broker Commission for all Business Models|
|What is the revenue sharing for Sub Broker program?||60% – 70%|
|Do they provide revenue sharing or direct pay for Referral Program?||NA|
|How much is the revenue sharing Master Franchise business?||5%-10% of Franchise|
|How much is the revenue sharing required for Partner / Remisier model?||40%|
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What is the Karvy Business Partner Security Deposit requirement?
Any sub-broker has to deposit an amount of money with the broking company to get the trading license.
In this case, Karvy Sub Broker Investment is Rs. 50,000. For the Remisier model, the security deposit required is between Rs. 10,000 and Rs. 15,000.
The Karvy Franchise Cost for Master Franchise is Rs. 50,000. Karvy does not offer Referral Program and thus no security deposit is applicable for it.
|Karvy Franchise Security Deposit|
|Check the Karvy Franchise cost requirement for each business model|
|How much is security deposit required for Sub Broker Program?||Rs.50,000|
|Is there any security deposit required for Referral Program?||NA|
|What is the initial investment required for Master Franchise Model?||Rs.50,000|
|What is the deposit required for Partner / Remisier Model?||Rs.10,000 – Rs.15,000|
What are the various Offers rolled out by Karvy Authorised Person Program?
Karvy Sub Broker Offers include the two useful offers of Flat Revenue Sharing and Flexible Revenue Sharing.
But the Karvy Franchise Offers do not provide other offers like Zero Revenue Sharing with Prepaid, Zero Deposit, and 10k Initial Deposit.
|Karvy Sub Broker Offers|
|Here are the list of Karvy Franchise offers available to the clients|
|Do they provide a Flexible Revenue Sharing offer?||Yes|
|Are they providing Flat Revenue Sharing offers?||Yes|
|Do they offer the Zero Revenue Sharing model with Prepaid payment?||No|
|Do they provide the Zero Deposit scheme?||No|
|Are they offering a 10k Initial Deposit scheme?||No|
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What are the various Supports provided to Karvy Business Partner?
Karvy Partner Support is quite talked about because of the useful supports they provide their business partners. There are special product training offered to the sub-brokers.
They are given back-office support. Karvy Franchise Support includes trading support and marketing support.
There are various types of advice given by the company when the sub-brokers ask for them. But the company does not provide training on the acquisition and how to deal with clients.
|Karvy Business Partner Support|
|Here are the various Support Karvy 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?||Yes|
|Do they provide Back-Office Support for their authorized 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 Karvy Sub Broker Program?
Like any other broking house, Karvy also has some infrastructural requirement protocols designed for its business partners that it follows ardently.
Any sub-broker or franchise has to fit into that Karvy Partner Requirement to get the recognition of a business partner of the company. These infrastructural requirements are summed up below:
- The business partner must have at least 2 employees in his office
- There should be a trading terminal owned by him
- Karvy Sub Broker Infra Requirement demands steady telephone and internet connections in the office
- The area of the office must be of a minimum of 300 sq ft
|Karvy Partner Infrastructure Requirement|
|Find the various Infra required to take up Karvy Franchise|
|What is the Employee Strength needed to start this franchise?||Minimum 2|
|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 300 Sq Ft|
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What are the Eligibility Criteria to Become Karvy Partner?
Karvy has set some plain and simple rules to decide the eligibility of its business partners. The Karvy Sub Broker Eligibility criteria go by:
- The candidate who is going to partner with Karvy should be of at least 18 years of age
- He or she must be a graduate
- Karvy Franchise Eligibility criteria include the candidate’s registration with SEBI
- A clean track record is a must
What is the brokerage charges levied to the Clients of Karvy Partners?
A Karvy Partner Charges between 0.1% and 0.3% as Equity Delivery charge. For Equity Options and Currency Options, they charge Rs. 10 to Rs. 30 for a lot.
A Karvy Authorized Person Charges between 0.01% and 0.03% for Equity Futures, Currency Futures, and Commodity respectively.
|Karvy Sub Broker – Brokerage Charges to Clients|
|Here are the brokerage charges levied by Karvy Sub Broker to their clients|
|What are Equity Intraday charges?||0.01% – 0.03%|
|How much are Equity Delivery charges?||0.10% – 0.30%|
|How much is the charge levied on Equity Options?||Rs.10 – Rs.30 per Lot|
|How much are the Currency Options charges?||Rs.10 – Rs.30 per Lot|
|What are Equity Futures charges?||0.01% – 0.03%|
|What are the charges levied on Currency Futures?||0.01% – 0.03%|
|What are the charges levied on Commodity Trading?||0.01% – 0.03%|
What is the Account Opening Charges Levied to the clients of Karvy Sub Broker?
Karvy Franchise Charges does not include any account opening charge. The clients also get the benefit of the margin money starting with zero.
Karvy Sub Broker Charges a minimum of Rs. 500 as the AMC of Demat account for a single year. The trading account does not ask for any AMC charge. The charge on each transaction is as low as 0.0000325%.
|Karvy Franchise – Account Opening Charges to Clients|
|Here are the account opening charges levied by Karvy Franchise to their clients|
|What are the Account Opening Charges?||Zero|
|What is the Margin Money required?||Starts with Zero|
|What is the charge for Demat AMC?||Rs.500 per Annum|
|how much are Trading AMC charges?||Zero|
|How much is the Transaction Charges levied?||0.0000325|
What are the Customer Ratings of Karvy Authorised Person Program?
From the above table, you can see the Karvy Franchise Ratings. The Revenue Sharing Model has fetched 3 out of 5 points. Security Deposit policies have received 2.9 points and that for Experience is 2.1.
The offers of the company have got 2.8 points and the mobile app along with the trading platforms has received a good 3.2 points.
Customers have given 2.8 points as overall ratings to the business partners of Karvy. They have also awarded 3 stars to all the Karvy Franchises.
The Karvy Sub Broker Review clearly shows that it has performed well with above-average ratings and the customers are contented with their services.
|Karvy Franchise Customer Ratings|
|Find Client Ratings & Reviews against multiple parameters for Karvy|
|According to Revenue Sharing Model of the Franchisor||3.00 / 5|
|Ratings as per Security Deposit provided by the company||2.90 / 5|
|As per Experience in the Sub Broker Business||2.10 / 5|
|As per Offers provided by the Broking Franchise||2.80 / 5|
|Ratings as per Mobile Trading App & Trading Platforms||3.20 / 5|
|Overall Ratings of the Sub Broker Franchise||2.80 / 5|
Karvy Franchise Conclusion
All the Karvy Franchise and Karvy Sub Broker have been performing exceptionally well under the steady guidance of the company. Karvy provides all types of facilities to its business partners and tries to help them in every possible way.
There are useful business models with good revenue sharing strategies that allow the franchises and sub-brokers to prosper in their business.
If you are looking forward to partnering with them then you should contact them at the earliest.
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