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 network 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 are 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 kind 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 time taken by the industry participants (other stockbrokers).

The payments are made to the sub-broker within 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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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 the 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 make a successful sale, the revenue so generated is shared in a particular ratio between the sub-broker and the 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.

An maximum Reliance Smart Money Sub Broker Commission can be 75% of the revenue. Here, the ratio is like 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

Know about Revenue Sharing of other Sub Broker Franchise

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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 in order to raise your revenue share is up till 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 really 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 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, they 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

Aditya Birla Money Franchise Karvy Franchise Sharekhan Franchise
Monarch Networth Franchise Motilal Oswal Franchise Swastika Investmart Franchise
Tradebulls Securities Franchise Angel Broking Franchise Shriram Insight Franchise

What are the various Supports provided to Reliance Smart Money Business Partner?

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

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

The Reliance Smart Money Partner Support also includes 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 the Reliance Smart Money as 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 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-brokers business, you need to keep at least 5 employees in the office and assign them certain responsibilities according to their skillset and requirement of the office.
  • The office needs to be equipped with trading terminals, telephone lines, and internet connection.
  • The 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 is 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 qualification 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.
  • The 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 is the brokerage charges levied to the Clients of Reliance Smart Money Partners?

The Reliance Smart Money Authorised Person Charges the clients as per the brokerage charges of the Reliance Smart Money only and those charges are mentioned as 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. 20 for their options category which is one of the lowest in the market and that is incredible for the clients and traders and thus it helps you as sub-broker as you can get many clients because of the reasonable charges and the trust and brand value of the 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% – 0.05%
How much are Equity Delivery charges? 0.30% – 0.50%
How much is the charge levied on Equity Options? Rs.20 per Lot
How much are the Currency Options charges? Rs.20 per Lot
What are Equity Futures charges? 0.03% – 0.05%
What are the charges levied on Currency Futures? 0.03% – 0.05%
What are the charges levied on Commodity Trading? 0.03% – 0.05%

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

The Reliance Smart Money Sub Broker Charges for account opening is Rs. 999 which is a little higher as compared to many others in the industry. The margin money requirement is also higher at Rs. 25000 being the minimum margin.

The Demat account maintenance charges are Rs. 650 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.999
What is the Margin Money required? Rs.25,000
What is the charge for Demat AMC? Rs.650 per Annum
how much are Trading AMC charges? Zero
How much is the Transaction Charges levied? 0.00325%

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

The Reliance Smart Money Franchise Ratings depicts that the firm is exceptional with its revenue structure and the sub-brokers are really 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 ★★★☆☆

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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Edelweiss Franchise Asit C Mehta Franchise Geojit Finance Franchise
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