Profitmart Securities Franchise is a rather new entrant into the financial services sector. They were established in the year 2011. And, they’ve serving the clients across the country ever since.
They’ve even joined the financial franchise business recently. And, that’s the prime interest of this article. We’ll try to elaborate all the services they offer to their partners.
We will enlist all the support they provide. And, we’ll even jot down the requirements they have from partners. In short, we’ll draft a detailed review about Profitmart Securities Sub Broker Program and their services. However, we’ll do so specifically for their financial franchise distribution business.
|Profitmart Securities Sub Broker Highlight|
|Top Business Model||Sub Broker|
|Initial Investment Required||Rs.25,000 – Rs.100,000|
|Revenue Sharing||60% – 80%|
|Payout Time||14 Days|
|SB Code Activation Time||31 Days|
What do you know about Profitmart Securities Franchise?
Profitmart Securities franchise, as mentioned before, was established in the year 2011. They were incorporated within the city jurisdiction of Mumbai, Maharashtra. And, Rakesh Prakash Sonawane can be held responsible for their initiation.
In fact, it was Rakesh’s efforts that they’ve progressed so quickly. They still function from their Mumbai held headquarters. And, they’ve recently grown a good network of business partners.
These partners help the franchiser to serve even more clients across the nation. The franchiser, in return takes merely 14 days to process the due payments of the partners. They even require 31 days to allocate a new sub broker’s code.
|Profitmart Securities Business Partner Overview|
|Here is the overview of Profitmart Securities Franchise|
|What type of Company is it? – Public / Private||Private|
|What is the Broker type?||Full Service Broker|
|Where is the Headquarter located?||Mumbai, India|
|Who is the Founder?||Rakesh Prakash Sonawane|
|What is the year of establishment?||2011|
|How many days does it take for SB Code Activation?||31 Days|
|How many days/weeks it takes for Payout?||14 Days|
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What are the various Business Models that Profitmart Securities Sub Broker Program provides?
Profitmart Securities Franchise may be new to the business, but they definitely are smart enough. Serving the clients for about 8 years, they’ve gained a thing or two about the industry. And, this knowledge even helps them to determine the flow of business.
That’s how they’ve decided to keep the overall business control to themselves. This is the sole reason why they grant only one business model to their partners. We’re referring to Profitmart Securities sub broker model.
- Sub Broker / Authorised Person
Profitmart Securities Sub Broker / Authorised Person
This business model is designed to cater a very specific kind of crowd. It allows the partners to distribute all the services on the franchiser’s behalf. It even allows them to grant the clients with some special privileges.
These privileges can be added services or extend support. This enables the partners to retain most of their clients. It even helps them to gain some new ones with ease. Having said that, the business model even imposes some restrictions on the partners.
For instance, they must only incur the specific charges fixed by the franchiser upon clients. Furthermore, they are even not granted any sort of regional business authority.
This allows more than one of their partners to be active within the same region. This even increases the competition between the partners. However, the partners do get hefty commission for their tasks.
|Profitmart Securities Franchise Business Models|
|Know about various Business Models of Profitmart Securities|
|Is the Sub Broker business model available?||Yes|
|Do they provide Referral Program?||No|
|Do they provide Master Franchise Model?||No|
|Does this broker provide Partner / Remisier model?||No|
How does Profitmart Securities Sub Broker Revenue Sharing work?
Profitmart Securities revenue-sharing depends on multiple factors. To mention, the franchiser has categories for the partners. These categories are determined as per the security deposit paid.
The categories are even influenced by the arrangements between the partners and the franchiser. And, these categories have a direct impact on the revenue shared. So, the partners are subjected to receive a commission rate of 60-80%.
|Profitmart Securities Sub Broker Revenue Sharing|
|Find the details of its Sub Broker Commission for all Business Models|
|What is the revenue sharing for Sub Broker program?||60% – 80%|
|Do they provide revenue sharing or direct pay for Referral Program?||NA|
|How much is the revenue sharing Master Franchise business?||NA|
|How much is the revenue sharing required for Partner / Remisier model?||NA|
Know about Revenue Sharing of other Sub Broker Franchise
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|5Paisa Franchise||SBICap Securities Franchise||JM Financial Franchise|
|Upstox Franchise||India Infoline Franchise||Reliance Smart Money Franchise|
What is the Profitmart Securities Business Partner Security Deposit requirement?
We’ve already told you how important the security deposit is. In fact, it plays a vital role in deciding the overall commission rate. It even helps determine the arrangements to be made between the partners and the franchiser.
You may even call it the Profitmart Securities franchise cost. And, it must be paid by all the partners without any exceptions.
However, the partners do get a great many options about the amount they must pay. The overall security deposit varies from Rs. 25,000-1,00,000.
|Profitmart Securities Franchise Security Deposit|
|Check the Profitmart Securities Franchise cost requirement for each business model|
|How much is security deposit required for Sub Broker Program?||Rs.25,000 – Rs.100,000|
|Is there any security deposit required for Referral Program?||NA|
|What is the initial investment required for Master Franchise Model?||NA|
|What is the deposit required for Partner / Remisier Model?||NA|
What are the various Offers rolled out by Profitmart Securities Authorised Person Program?
Profitmart Securities franchise offers limited benefits to the partners. However, these offers have a direct impact on the business flow.
In fact, these offers can be considered as a boon for the business. These help the partners to act freely. And, they even enable them to earn a bit extra at their discrete will. So, here’s how the list of these offers go: –
- Flexible Revenue Sharing
- 10k Initial Deposit
|Profitmart Securities Sub Broker Offers|
|Here is the list of Profitmart 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
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|Tradebulls Securities Franchise||Angel Broking Franchise||Shriram Insight Franchise|
What are the various Supports provided to Profitmart Securities Business Partner?
There are numerous Profitmart Securities franchise support programs to help the partners. These programs are used to train the partner’s vital business development skills.
These even help the partners to easily establish their businesses. Furthermore, these are provided free of cost to the partners. So, the overall list of all these aforementioned support programs includes: –
- Acquisition Training
- Dealing Training
- Product Training
- Back Office Support
- Trading Support
|Profitmart Securities Business Partner Support|
|Here are the various Support Profitmart 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?||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?||No|
|Does the broking house provide Marketing Support to their sub brokers?||No|
Which is the Infrastructure required for Profitmart Securities Business Associate?
All the business partners are expected to fulfill certain business requirements. These requirements form the very basis of the business. And, they even help to commence the business with rather ease.
Therefore, Profitmart Securities partner requirements include: –
- Sub Brokers must to have an office. This is required to further install certain vital business equipment. The franchiser seeks an office with a minimum 300 sq.ft. carpet area.
- Partners must install certain trading terminals within their office space. these are required to enable the clients to execute stock trades.
- The partners are required to maintain a staff of their own. Minimum 3 employees are required as per franchiser’s norms.
- Sub Brokers are required to install an active telephone line. This is to be primarily used for business communication. However, this can even come in handy with certain ‘trades-over-call’.
- Partners are required to install an active internet connection. This is usually required for online trading provisions. The connection must be stable and string enough to support several online trades at once.
|Profitmart Securities Partner Infrastructure Requirement|
|Find the various Infra required to take up Profitmart Securities 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?||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
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|Nirmal Bang Franchise||ICICI Direct Franchise||Bonanza Portfolio Franchise|
What are the eligibility criteria to become Profitmart Securities Partner?
Profitmart Securities franchise’s eligibility criteria include several requirements from the partners. And, this list is a must to follow for all the partner aspirants. It requires: –
- The partners to have multiple business-related certifications. One of the most important out of these is the one issued by SEBI. It enables the partners to commence business freely without any restrictions.
- Partners are supposed to have a certain educative qualification. The franchiser only allows people with at least an intermediate’s degree to apply. However, the people with a bachelor’s degree are considered of more worth.
- The partners must have experience of minimum2 years. And, they must provide certain documents during the registration to prove this.
- Partners must be of 21 years or more at the time of registration. Valid documents proving this must be provided at the time of registration.
What is the brokerage charges levied to the Clients of Profitmart Securities Partners?
Profitmart Securities partner charges include: –
- 010% charge for equity intraday services.
- 30% charge for equity delivery services.
- 010% charge for equity futures services.
- 25 per lot for currency options services.
- 010% charge for currency futures services.
- 25 per lot for equity options services.
- 010% charge for commodity trading services.
|Profitmart Securities Sub Broker – Brokerage Charges to Clients|
|Here are the brokerage charges levied by Profitmart Securities Sub Broker to their clients|
|What are Equity Intraday charges?||0.010%|
|How much are Equity Delivery charges?||0.30%|
|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?||0.010%|
|What are the charges levied on Currency Futures?||0.010%|
|What are the charges levied on Commodity Trading?||0.010%|
What is the Account Opening Charges Levied to the clients of Profitmart Securities Sub Broker?
Profitmart Securities franchise charges for all non-brokerage services must be imposed as: –
- Zero for any kind of account opening.
- 999 as a one-time fee for Demat AMC.
- Zero for Trading AMC.
- 00325% of total turnover for transaction fee.
- The clients must even be advised to maintain a minimum margin money balance of Rs. 10,000.
|Profitmart Securities Franchise – Account Opening Charges to Clients|
|Here are the account opening charges levied by Profitmart Securities Franchise to their clients|
|What are the Account Opening Charges?||Zero|
|What is the Margin Money required?||Minimum 10,000|
|What is the charge for Demat AMC?||Rs 999 One Time Fee|
|how much are Trading AMC charges?||Free|
|How much is the Transaction Charges levied?||0.00325% of Total Turnover|
What is the Customer Ratings of Profitmart Securities Authorised Person Program?
Profitmart Securities franchise ratings on a scale of 1-5 can be seen as: –
- 1/5 for the revenue sharing model they follow.
- 2/5 for the security deposit requirements they have.
- 2/5 for their experience.
- 1/5 for their offers.
- 2/5 for their trading platforms.
- And, 3.1/5 for their overall operations.
|Profitmart Securities Franchise Customer Ratings|
|Find Client Ratings & Reviews against multiple parameters for Profitmart Securities|
|According to Revenue Sharing Model of the Franchisor||3.1 / 5|
|Ratings as per Security Deposit provided by the company||3.2 / 5|
|As per Experience in the Sub Broker Business||3.2 / 5|
|As per Offers provided by the Broking Franchise||3.1 / 5|
|Ratings as per Mobile Trading App & Trading Platforms||3.2 / 5|
|Overall Ratings of the Sub Broker Franchise||3.1 / 5|
Profitmart Securities Business Associate Conclusion
We believe that Profitmart Securities Franchise can be trusted with their efforts and services. In fact, their overall rating at 3.1/5 can be seen as dire proof to our statement.
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