Reliance Smart Money Franchise or Sub Broker – Find Revenue Sharing, Security Deposit and more

Being a Reliance Smart Money Franchise, you are getting the opportunity to be a part of one of the biggest stock market enthusiasts’ networks apart from the quantitative benefits.

The Reliance Smart Money Sub Broker position for those eligible for the same and we would in this article discuss the same.

Apart from the eligibility criteria, you would be able to know about the various business models of Reliance Smart Money, their revenue structure, their offers and many other intricate details that you were looking for before venturing into the business as a sub-broker.

Reliance Smart Money Sub Broker Highlight
Top Business Model Sub Broker
Initial Investment Required Rs.100,000 – Rs.300,000
Revenue Sharing 55% – 75%
Payout Time 31 Days
SB Code Activation Time 14 Days

Reliance Securities Franchise SubBroker

What do you know about Reliance Smart Money Franchise?

Reliance Smart Money Sub Brokers is a part of the huge Reliance Smart Money which was established in the year 2005 by none other than Anil Ambani under their Reliance Capital.

The firm is having its headquarters in the city of Mumbai and it is a traditional broker which means that the firm has all kinds of investment-related services along with the proper research and analysis wing and services dedicated to the clients and their investors.

The Reliance Smart Money Franchise can get their sub-brokers code within 14 days only which is one of the lowest times taken by the industry participants (other stockbrokers).

The payments are made to the sub-broker every 31 days. This public limited company has various attributes and accolades to its name in the field of investments.

Reliance Smart Money Business Partner Overview
Here is the overview of Reliance Smart Money Franchise
What type of Company is it? – Public / Private Public
What is the Broker type? Full Service Broker
Where is the Headquarter located? ‎Mumbai, India
Who is the Founder? Anil Ambani
What is the year of establishment? 2005
How many days does it take for SB Code Activation? 14 Days
How many days/weeks it takes for Payout? 31 Days

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    Choose a ServiceBecome Sub Broker

    What are the various Business Models that Reliance Smart Money Sub Broker Program provides?

    Reliance Smart Money Franchise for sub-brokers is the one and only business model of Reliance Smart Money. The firm believes in simplicity and thus it has kept one single model.

    • Sub Broker / Authorised Person

    Reliance Smart Money Sub Broker / Authorised Person

    The Reliance Smart Money Sub Broker model works with an infinite number of sub-broker that is any number of sub-broker can join this firm if they fulfill the eligibility requirement.

    They need to bring in clients to the firm and sell them the products of Reliance Smart Money and the services the firm sells. If the sub-broker makes a successful sale, the revenue so generated is shared in a particular ratio between the sub-broker and Reliance Smart Money.

    The sub-broker needs a good pitch for making the clients invest and trade via Reliance Smart Money apart from the valuable products and services of the firm itself.

    This business model is fiercely competitive as there can be any number of sub-brokers in a particular area targeting the same clients.

    However, the security deposit requirement for the business model is lower than a Master Franchise and also the earning potential is too high. So, if you can beat the competition then you have a long way to go.

    Reliance Smart Money Franchise Business Models
    Know about various Business Models of Reliance Smart Money
    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 Reliance Smart Money Sub Broker Revenue Sharing work?

    The Reliance Smart Money Franchise Revenue Sharing model starts with a 55:45 ratio where 55% of the revenue goes to the sub-broker who generates the revenue and the remaining 45% is taken by the stockbroker.

    A maximum Reliance Smart Money Sub Broker Commission can be 75% of the revenue. Here, the ratio is 75:25 where the remaining 25% goes to the stockbroker.

    A comparative analysis of the Revenue structure of the firm suggests that the firm pays a bit higher than the other stockbrokers to their sub-brokers.

    Reliance Smart Money Sub Broker Revenue Sharing
    Find the details of Reliance Smart Money Sub Broker Commission for all Business Models
    What is the revenue sharing for Sub Broker program? 55% – 75%
    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

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    What is the Reliance Smart Money Business Partner Security Deposit requirement?

    Reliance Smart Money Sub Broker Investment has to be at least Rs. 1 lakh. This is the minimum amount you require to start as the Reliance Smart Money Sub-broker.

    Being such a reputed firm, the amount which they have kept can be termed as reasonable, however, if in general it is analyzed, then it is higher than the average security deposit charged as the minimum for opening sub-broker franchises.

    The maximum-security deposit that you can keep with the firm to raise your revenue share is up to Rs. 3 lakhs. This is when you get the entitlement to the maximum share of revenue as mentioned in the above paragraph.

    Reliance Smart Money Franchise Security Deposit
    Check the Reliance Smart Money Franchise cost requirement for each business model
    How much is security deposit required for Sub Broker Program? Rs.100,000 – Rs.300,000
    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 Reliance Smart Money Authorised Person Program?

    There are some of the Reliance Smart Money Sub Broker Offers which are going to make you feel special about being a business partner of this firm.

    The 10k initial deposit offer is a big support for the sub-brokers who want to join the network and start their business and have great clientele but are only stuck because of the capital investment requirement.

    The 10k initial deposit offer helps them start the sub-brokership business within just Rs. 10000 and the remaining security deposit, one can deposit in the latter part of the journey with the growth of the business and within a stipulated time limit.

    Then there are flexible revenue-sharing options available under the Reliance Smart Money Franchise Offers which benefit the high-performing sub-brokers.

    The sub-brokers who get business for the firm of the unexpected and huge figure, are entitled to receive some extra percentage of the revenue as well.

    Reliance Smart Money Sub Broker Offers
    Here is the list of Reliance Smart Money 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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    What are the various Supports provided to Reliance Smart Money Business Partner?

    Reliance Smart Money Franchise Support extends from Marketing support to back-office and trading support.

    The firm helps the sub-brokers with their marketing needs which is crucial to set up and growing the business. The back-office and trading support is required both for the sub-broker and the client’s benefit.

    The Reliance Smart Money Partner Support also includes a training curriculum. The training like product training, dealing and acquisition training which is for the benefit of the sub-brokers especially when they are new in the industry and have less knowledge.

    Reliance Smart Money Business Partner Support
    Here are the various Support Reliance Smart Money 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? 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? Yes

    Which is the Infrastructure required for Reliance Smart Money Sub Broker Program?

    To join Reliance Smart Money as a sub-brokers, you need to have fulfilled certain Reliance Smart Money Sub Broker Infra Requirements.

    The Reliance Smart Money Partner Requirement are –

    • Your office needs to be spacious enough to accommodate the employees and the clients well. The carpet area of the office cannot be less than 300 square feet.
    • The employees are the main resource of any company and to run your sub-broker business, you need to keep at least 5 employees in the office and assign them certain responsibilities according to their skillset and the requirement of the office.
    • The office needs to be equipped with trading terminals, telephone lines, and an internet connection.
    • Research services can be offered but it is not mandatory.
    Reliance Smart Money Partner Infrastructure Requirement
    Find the various Infra required to take up Reliance Smart Money Franchise
    What is the Employee Strength needed to start this franchise? Minimum 5
    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 Reliance Smart Money Partner?

    The Reliance Smart Money Sub Broker Eligibility depends on the following criteria –

    • Education of the sub-broker candidate. You need to be at least a 10+2 degree holder and if you have better qualifications it raises the chances of your getting selected for the position. However, you need to have at least done 10+2 from a recognized school and board of education.
    • Secondly, you need to have at least a few years of experience in the field of trading and investments and the stock market as a whole whether a broker, trader or sub-broker, or investor.
    • Knowledge about the products and the services available in the market is a must. You will be provided with product training but before that, for being eligible only, you need to have at least the basic knowledge of the financial and investment products and services in the industry.
    • NISM and NCFM certificates are mandatory as per SEBI and NISM for becoming a sub-broker and franchise holder. So, get your certificates as soon as possible before or during your application process for the sub-brokers position with Reliance Smart Money.
    • The documents you would require to furnish –
      • PAN
      • AADHAAR
      • NISM Certificates
      • SEBI Registration Certificates
      • Education Certificates
      • Address Proof
      • Investment Experience details
      • Others

    What are the brokerage charges levied on the Clients of Reliance Smart Money Partners?

    The Reliance Smart Money Authorised Person Charges the clients as per the brokerage charges of Reliance Smart Money only and those charges are mentioned above in the table.

    So, if you see the charges you will realize that the brokerage is very nominal and even being a Reliance group of companies, the firm has not kept their charges as high as many other premier stock brokers.

    They charge even Rs. 100 for their options category which is one of the lowest in the market and that is incredible for the clients and traders thus it helps you as a sub-broker as you can get many clients because of the reasonable charges and the trust and brand value of Reliance Smart Money.

    Reliance Smart Money Sub Broker – Brokerage Charges to Clients
    Here are the brokerage charges levied by Reliance Smart Money Sub Broker to their clients
    What are Equity Intraday charges? 0.03%
    How much are Equity Delivery charges? 0.30%
    How much is the charge levied on Equity Options? Rs.100 per Lot
    How much are the Currency Options charges? Rs.100 per Lot
    What are Equity Futures charges? 0.03%
    What are the charges levied on Currency Futures? 0.04%
    What are the charges levied on Commodity Trading? NA

    What are the Account Opening Charges Levied to the clients of Reliance Smart Money Sub Broker?

    The Reliance Smart Money Sub Broker Charge for account opening is Rs. 0 which is a little higher as compared to many others in the industry. The margin money requirement is also not required being the minimum margin.

    The Demat account maintenance charges are Rs. 400 per year which is also too high. However, there are no annual maintenance charges for the trading account and the transaction charges are also average as per the market.

    Reliance Smart Money Franchise – Account Opening Charges to Clients
    Here are the account opening charges levied by Reliance Smart Money Franchise to their clients
    What are the Account Opening Charges? Rs.0
    What is the Margin Money required? Not Required
    What is the charge for Demat AMC? Rs.400 per Annum
    how much are Trading AMC charges? Zero
    How much is the Transaction Charges levied? 0.00325%

    How to become a Reliance Securities Partner or Sub Broker?

    Have a look at the below steps to become the Reliance securities partner:

    • Click the “Become A Sub Broker” button when you find it.
    • If you choose to click the button up top, a new window with several fields will show up on your computer’s screen.
    • The entire form should be read slowly and carefully, paying close attention to any parts where you must enter information.
    • After completing the steps outlined above, move on to the next step, which is uploading the filled-out form to the website along with a copy of the necessary documents outlined earlier in this piece.
    • After completing all of the aforementioned steps, you should be ready to speak with an organization representative by phone as soon as feasible. They will assist you in gaining the rights to the corporation’s Sub Brokerage Firm, lead you through any last procedures that need to be performed, and then you can log in.

    Documents required to become Reliance Securities Partner

    The list of documents required to be a partner in reliance securities are listed below:

    • Academic Qualification
    • PAN card
    • Investment proof
    • SEBO Certificate of registration
    • Payment proof for the security deposit made by the participant.
    • Birth certificate
    • Passport size photographs
    • Canceled cheque from the bank
    • GST registration

    Keep these documents handy with you for the registration procedure.

    Why Partner with Reliance Securities?

    Even though the Reliance Securities sub-brokers are slightly more expensive, there are still several benefits you can avail yourself with the broker, such as

    • They own some of the newest and most advanced technology in the trading sector.
    • Reliance has qualified professionals on staff that do daily research on stocks and other asset classes to offer the greatest quality of service to its clients.
    • They maintain a high standard of transparency and sincerity in whatever they do.
    • They are best at providing support and guidance at every step.

    Reliance Securities Franchise – Pros & Cons


    Customers of the company have access to the most recent and cutting-edge trading platform, which greatly simplifies their ability to boost their revenue in a way that is straightforward and practical.

    Reliance Securities’ research experts provide in-depth study reports that make it possible to make the right choice at the appropriate time. To increase the clients’ profitability, these reports are created on a weekly, monthly, and annual basis.

    It is possible to evaluate the online reports provided by clients in real-time thanks to the company’s exceptional risk management system.

    The number of trades is limited to reduce the amount of money consumers lose.

    This broker acts as the one-stop-shop that satisfies all of your investing objectives and aspirations by offering you a comprehensive selection of financial and investment solutions.


    Due to its comparatively high initial cost, or the level of security, it could be less alluring to potential clients who have more modest financial resources.

    Reliance Securities Franchise Registration

    You will initially be needed to complete a registration form that asks for all of your basic information. You will then receive a confirmation call, during which you will be questioned about your sincere desire in pursuing this business opportunity.

    The second session will be used to inform you about the business model, the investment you must make, the income sharing percentage, the offers to which you will be entitled, and other related subjects.

    A face-to-face meeting must be arranged if you want to discuss this topic in greater detail.

    At the in-person meeting, you should make an effort to get all of your questions addressed and to negotiate the initial investment and the income split.

    You will receive an account ID after completing the required paperwork for verification, allowing you to start managing your business right away.

    Earning the potential of a Reliance Securities Partner / ROI

    The Reliance Smart Money Sub Broker Revenue Sharing model gives a commission of between 55% and 75% for every sale of a new financial product that your Sub Brokerage firm makes to respective traders and investors on behalf of the company itself.

    The earning range is very much in line with the industry. You can also extend the upper range of the commission by speaking to the broker. It depends upon many factors: security deposits, revenue generated, performance, etc.

    Reliance Securities Authorized Person – Products Offered

    The most well-liked business relationship model offered to customers by any full-service brokerage house in the Indian stock broking and investment sector is the Reliance Securities Sub Broker model. Reliance Securities created this model, which has been effectively applied for more than ten years.

    Working as a Sub Broker for Reliance Securities will provide you the chance to collaborate with hundreds of other Sub Brokers, but you won’t have to talk about your specific clients with anyone.

    You can consistently turn the money you earn from the sale of new financial products or by providing your clients with trading and investment-related services on behalf of the business into a profit for both you and the business.

    What are the Customer Ratings of Reliance Smart Money Authorised Person Program?

    The Reliance Smart Money Franchise Ratings depict that the firm is exceptional with its revenue structure and the sub-brokers are happy with the revenue share they get and so with the security deposit, they have to keep with the firm.

    The offers may not be that great as per the Reliance Smart Money Sub Broker Review mentioned in the above table. The trading applications are also quite enjoyed by the traders as the 3.2 ratings suggest.

    Reliance Smart Money Franchise Customer Ratings
    Find Client Ratings & Reviews against multiple parameters for Reliance Smart Money
    According to Revenue Sharing Model of the Franchiser 3.5 / 5
    Ratings as per Security Deposit provided by the company 3.3 / 5
    As per Experience in the Sub Broker Business 3.1 / 5
    As per Offers provided by the Broking Franchise 2.5 / 5
    Ratings as per Mobile Trading App & Trading Platforms 3.2 / 5
    Overall Ratings of the Sub Broker Franchise 2.9 / 5
    Star Ratings ★★★☆☆

    The Reliance Smart Money Franchise Conclusion

    Reliance Smart Money Franchise can be one of the best stockbrokers for you if you are thinking of venturing into a sub-brokering business.

    Its great experience, the revenue model for the sub-brokers, customer satisfaction with products and services, and especially the low-security deposit schemes can be beneficial for you.

    Get to know about other Sub Brokers in India

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