KR Choksey Securities Franchise or Sub Broker – Find Revenue Sharing, Security Deposit and more

KR Choksey Franchise is a reputed company from the financial capital city of India. They form a valuable part of the financial advisory industry.

And, they’ve grated their expertise to numerous clients over the years. At present, they operate from their Mumbai based headquarters. However, they’ve grown to become a lot more than a mere financial advisor.

They’ve been in the business of financial franchise distribution for quite some time. And, that’s what we are going to discuss in today’s article.

We’ll lay down a review based on KR Choksey Sub Broker Program services as a financial franchiser.

KR Choksey Securities Sub Broker Highlight
Top Business ModelSub Broker
Initial Investment RequiredRs.50,000 – Rs.200,000
Revenue Sharing50% – 70%
Payout Time3-4 Weeks
SB Code Activation Time31 Days

KR Choksey Franchise SubBroker


What do you know about KR Choksey Franchise?

As mentioned above, KR Choksey Franchise has their headquarters located in Mumbai, Maharashtra.

They were first incorporated within the jurisdiction of Mumbai in the year 1979. And, the credit for their mere existence can be given to Kisanbhai R. Choksey.

In fact, he’s the one, the franchiser has been named after. They’ve always been known to provide satisfactory services to their clients.

And, that’s just one of their several gracious qualities. Their expertise has led to numerous profits for their business partners.

And, they’ve been granting services across several financial planning and advisory domains. As a franchiser, they need 31 days for activating a new sub broker’s code. Furthermore, they even require 3-4 weeks to process the dues of their partners.

KR Choksey Securities Business Partner Overview
Here is the overview of KR Choksey Securities Franchise
What type of Company is it? – Public / PrivatePublic
What is the Broker type?Full Service Broker
Where is the Headquarter located?Mumbai, Maharashtra
Who is the Founder?Kisanbhai R. Choksey
What is the year of establishment?1979
How many days does it take for SB Code Activation?31 Days
How many days/weeks it takes for Payout?3-4 Weeks

Speak to the Franchise Managers now! Fill up the form:

    Fill up the details below

    Choose a Service Become Sub Broker

    What are the various Business Models that KR Choksey Sub Broker Program provides?

    KR Choksey Franchise has been pioneers to several financial services. And, they’ve been long enough into this industry to know its ways. Therefore, they prefer to grant more than one business distribution model.

    We’re referring to KR Choksey sub broker, master franchise and remisier models. Each business model caters to a different class of partners.

    And, each is justified in its functionality. The sub broker model restrains partners from having business dominance of any sort.

    However, it allows the partners to grant clients with certain extra advantages. The master franchise, however, provides proper area wise business dominance.

    And, the remisier model lets the partners to act individually. It allows the partners to function as an agent of the franchiser.

    KR Choksey Securities Franchise Business Models
    Know about various Business Models of KR Choksey Securities
    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 KR Choksey Sub Broker Revenue Sharing work?

    KR Choksey Revenue Sharing Model is simple and straight forward. And, we’ve given a glimpse to it within the chart above.

    As you can see, sub brokers get 50-70% of the revenue as commission. The master franchisees are granted 70-85% of the revenue as commission.

    While, the remisiers only get 20% of the revenue as their commission. It’s pretty clear that certain difference of commission for master franchise and sub brokers exists.

    And, this difference exists to categorize different business partners.

    KR Choksey Securities Sub Broker Revenue Sharing
    Find the details of KR Choksey Securities 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% – 85%
    How much is the revenue sharing required for Partner / Remisier model?20%

    Know about Revenue Sharing of other Sub Broker Franchise

    SMC Global FranchisePaytm Money FranchiseSAMCO Franchise
    Edelweiss FranchiseAsit C Mehta FranchiseGeojit Finance Franchise
    Reliance Securities FranchiseHDFC Securities FranchiseAlice Blue Online Franchise

    What is the KR Choksey Business Partner Security Deposit requirement?

    There are certain KR Choksey Sub Brokers Investments that must be tended to. We’re referring to the investments required prior to initiating business. And, a large part if these investments are focused on the security deposit.

    KR Choksey Franchise requires a security deposit of Rs. 50,000-2,00,000 from sub brokers. The master franchisees must pay a security deposit of Rs. 2,00,000-5,00,000.

    And, the remisiers are required to pay a security deposit of Rs. 30,000. The difference in the security deposit determines the benefits received by the partners.

    KR Choksey Securities Franchise Security Deposit
    Check the KR Choksey Securities Franchise cost requirement for each business model
    How much is security deposit required for Sub Broker Program?Rs.50,000 – Rs.200,000
    Is there any security deposit required for Referral Program?NA
    What is the initial investment required for Master Franchise Model?Rs.200,000 – Rs.500,000
    What is the deposit required for Partner / Remisier Model?Rs.30,000

    What are the various Offers rolled out by KR Choksey Authorised Person Program?

    KR Choksey only grants two benefits to their respective business partners. We’re referring to KR Choksey Franchise Offers that include flexible revenue sharing and 10k initial deposit provision.

    To expect anything else from the franchiser is of complete waste.

    KR Choksey Securities Sub Broker Offers
    Here is the list of KR Choksey Securities 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?Yes

    Check out the various offers of other Sub Broker Providers

    Ashlar Securities FranchiseBMA Wealth Creators FranchiseDBFS Securities Franchise
    Astha Trade FranchiseBP Equities FranchiseDealmoney Securities Franchise
    ATS Share Brokers FranchiseCanmoney FranchiseEmkay Global Franchise

    What are the various Supports provided to KR Choksey Business Partner?

    KR Choksey franchise support system has been enabled to help the business partners. These support-initiatives help the partners to grow their businesses in rather short time.

    And, the list of supports provided by the franchiser goes as follows: –

    • Acquisition Training
    • Dealing Training
    • Back-Office Support
    • Advisory Support
    KR Choksey Securities Business Partner Support
    Here are the various Support KR Choksey Securities 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?No
    Do they provide Back-Office Support for their authorised person?Yes
    Are they providing Trading Support to their business partners?No
    Are they sharing Advisory Support with their partners?Yes
    Does the broking house provide Marketing Support to their sub brokers?No

    Which is the Infrastructure required for KR Choksey Sub Broker Program?

    KR Choksey Sub Brokers and other business partners must have certain infrastructure. This is mandatory as per the franchiser. And, these infrastructures form the very basic necessity of the business.

    Here’s how the entire list unfolds: –

    • The business partners are required to have an active internet connection. This must be strong enough to support multiple online trades simultaneously.
    • The business partners are required to have an active telephone line. The connection must be stable enough to serve regular communication needs.
    • The business partners must have an office space with minimum 300 sq. ft. sitting area.
    • The partners must have at least 3 employees to support their business. The employees must be proactive and efficient.
    KR Choksey Securities Partner Infrastructure Requirement
    Find the various Infra required to take up KR Choksey Securities 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 300 Sq Ft

    Find out the basic requirements of other Stock Broking Franchise

    B N Rathi FranchiseCd Equisearch FranchiseEscorts Securities Franchise
    Bahubali International FranchiseCelebrus Capital FranchiseEureka Securities Franchise
    Bansal Finstock FranchiseCholamandalam Securities FranchiseExclusive Securities Franchise

    What are the eligibility criteria to become KR Choksey Partner?

    KR Choksey’s Sub Broker eligibility criteria is a rather serious business. It includes certain rules and regulations implacable on all partners. And, all the partners are must to abide by them.

    Here’s how the rules follow: –

    • The partners must have experience of at least 2 consecutive years. We’re referring to the experience in the field of financial planning and advisory.
    • The partners ought to have a minimum educative qualification of an intermediate. They must produce proper documents verifying their qualification during the registration procedure.
    • Only people above 21 years of age can apply for the franchise. And, proper age proof must be provided at the time of registration.
    • The partners must be certified by SEBI for business commencement. This is a mandatory rule to follow.

    What is the brokerage charges levied to the Clients of KR Choksey Partners?

    The franchiser ensures that all of their clients get treated equally. And, this means unifying the rate charts for trading throughout. This even includes all KR Choksey Partners to incur the same charges.

    We’ve tried to present the same within the chart above. However, if you still have some problems, here’s the elaboration for you: –

    • The franchiser has a unique service charge for equity intraday services. The clients are supposed to be charged at 0.02%.
    • Franchiser has a unique service charge for equity delivery services. The clients are supposed to be charged at 0.02%.
    • The franchiser has a unique service charge for equity options trading. The clients are charged at Rs. 22 per lot for this.
    • Franchiser has a unique service charge for currency options trading. The clients are charged at Rs. 22 per lot for this.
    • The franchiser has a unique service charge for equity futures trading. The clients are charged at 0.02% per lot for this.
    • Franchiser has a unique service charge for currency futures trading. The clients are charged at 0.02% per lot for this.
    • The franchiser has a unique service charge for commodity trading. The clients are charged at 0.02% per lot for this.
    KR Choksey Securities Sub Broker – Brokerage Charges to Clients
    Here are the brokerage charges levied by KR Choksey Securities Sub Broker to their clients
    What are Equity Intraday charges?0.02%
    How much are Equity Delivery charges?0.22%
    How much is the charge levied on Equity Options?Rs.22 per Lot
    How much are the Currency Options charges?Rs.22 per Lot
    What are Equity Futures charges?0.02%
    What are the charges levied on Currency Futures?0.02%
    What are the charges levied on Commodity Trading?0.02%

    What is the Account Opening Charges Levied to the clients of KR Choksey Sub Broker?

    KR Choksey Sub Brokers are even instructed to charge the clients for account opening purposes at a unanimous rate.

    Here’s the entire list of charges they can incur the clients with: –

    • They can charge the clients at Rs. 300 for account opening sake.
    • It can charge the clients at Rs. 450 per annum for Trading AMC’s sake.
    • They can charge the clients at 0.00283% for transaction charges.
    • The clients must be advised to maintain a minimum margin balance of Rs. 20,000.
    KR Choksey Securities Franchise – Account Opening Charges to Clients
    Here are the account opening charges levied by KR Choksey Securities Franchise to their clients
    What are the Account Opening Charges?Rs.300
    What is the Margin Money required?Minimum Rs.20,000
    What is the charge for Demat AMC?Free
    how much are Trading AMC charges?Rs.450 per Annum
    How much is the Transaction Charges levied?0.00%

    What is the Customer Ratings of KR Choksey Authorised Person Program?

    KR Choksey franchise ratings are mentioned within the chart above. You’ll see that the franchiser is rated at more than the industry usual.

    Here’s how they have been rated for different business aspects:

    • Their revenue model is rated at 2.4/5.
    • The security deposit requirement is rated at 2.4/5.
    • Their experience of the industry is rated at 2.5/5.
    • The offers extended by them are rated at 2.6/5.
    • Their mobile app and relevant trading platforms are rated at 2.5/5.
    • And, their overall rating precedes at 2.5/5.
    KR Choksey Securities Franchise Customer Ratings
    Find Client Ratings & Reviews against multiple parameters for KR Choksey Securities
    According to Revenue Sharing Model of the Franchisor2.4 / 5
    Ratings as per Security Deposit provided by the company2.4 / 5
    As per Experience in the Sub Broker Business2.5 / 5
    As per Offers provided by the Broking Franchise2.6 / 5
    Ratings as per Mobile Trading App & Trading Platforms2.5 / 5
    Overall Ratings of the Sub Broker Franchise2.5 / 5
    Star Ratings★★★☆☆

    KR Choksey Franchise Conclusion

    We’d say that KR Choksey Franchise can be trusted with their services. And, the ratings are more than sufficient to justify this statement.


    Get to know about other Sub Brokers in India

    Greenbucks Securities FranchiseIntime Equities FranchiseKhandwala Securities Franchise
    Grovalue Securities FranchiseInventure Growth FranchiseKifs Trade Franchise
    Guiness Securities FranchiseISE Securities FranchiseKR Choksey Franchise

    Start your own Business Now! Become a Sub Broker. Fill up the Form

      Fill up the details below

      Choose a Service Become Sub Broker

      Most Read Articles

      Top 5 Stock Broking Referral Program
      Best Associate Partner or Remisier
      Top 10 Sub Broker Franchise
      Best Sub Brokership with Revenue Sharing
      Top Broking Franchise Marketing Support
      Best Sub Brokership with Franchise Cost
      Stock Broking Franchise Review
      Know About All Sub Broker Franchise

       

       

      Leave a Reply

      FRANCHISE
      Get 80% Revenue Sharing Now! Become Sub Broker
      ×

      Share your details & Become Sub Broker Now!




        Choose a Service
        Become Sub Broker

        Offer valid for limited time.

        ×

        Share your details & Open Demat A/C Now!




          Choose a Service
          Become Sub Broker

          Offer valid for limited time.

          ×

          Share your details & Get IPO Allotment Now!




            Choose a Service
            Become Sub Broker

            Offer valid for limited time.

            ×

            Share your details & Invest in PMS Now!




              Choose a Service
              Become Sub Broker

              Offer valid for limited time.