Sharekhan Franchise has been the pioneer to many financial trading revolutions in India. Their feats even include the nation’s introduction to online trading.
And, that’s just the icing on the cake. They have been at the center of many such financial transitions. In short, they’re known for their unconventional ways. And, we can definitely say that they’re at the zenith of success.
However, we won’t be focusing much on their success today. In fact, we’ll highlight their strategies as a financial franchiser. And, we’ll do so with the help of a thorough review.
|Sharekhan Franchise Highlight|
|Top Business Model||Sub Broker|
|Initial Investment Required||Rs.70,000 – Rs.100,000|
|Revenue Sharing||50% – 75%|
|Payout Time||33 Days|
|SB Code Activation Time||15 Days|
What do you know about Sharekhan Franchise?
Sharekhan Franchise was founded by their founder Jaideep Arora in 2000. They’ve been operating as a full-service financial broker ever since. However, they’ve even bifurcated their business to being a financial franchise.
in fact, they’re known to be largest financial franchiser in India. And that’s where our prime interests are for this article. Sharekhan operates from their headquarters based in Mumbai, Maharashtra. They’ve displayed tremendous growth over the past 19 years.
And, they’ve catered to a large variety of clients as well. As a financial franchiser, they seek 15 days to activate a new Sub Broker’s code. They even need 33 days for dues clearance of their partners.
|Sharekhan Business Partner Overview|
|Here is the overview of Sharekhan 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?||Jaideep Arora|
|What is the year of establishment?||2000|
|How many days does it take for SB Code Activation?||15 Days|
|How many days/weeks it takes for Payout?||33 Days|
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What are the various Business Models that Sharekhan Sub Broker Program provides?
Sharekhan Franchise has been in the industry for almost two decades. They’ve seen the best and the worst of the industry. And, yet they’ve managed to strive. A lot of the credit for this goes to their will for sustenance. And, this will come from their experience.
That’s why they prefer to keep the control with themselves. Thus, they grant their business partners with merely one business model. We’re talking about the Sharekhan sub broker model.
- Sub Broker / Authorised Person
Sharekhan Sub Broker / Authorised Person
This caters to merely one type of partners. And, the franchise is okay with it. This allows the partners to extend all the services on franchiser’s behalf.
This even allows them to grant the clients with some extra perks. These perks can be service charge discounts or extra benefits.
And, they help to retain the clients with ease. However, this model does not grant area wise business authority.
This means that multiple sub broker can function within the same geographical limits. On the bright side, the franchiser pays off great commission rates.
|Sharekhan Franchise Business Models|
|Know about various Business Models of Sharekhan|
|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 Sharekhan Sub Broker Revenue Sharing work?
The franchiser is well aware of the requirement for categories within partners. That’s why they grant different commission rate to different partners.
And, the parameters for difference are set by the security deposit paid. Sharekhan franchise revenue sharing grants a commission rate of 50-75%.
|Sharekhan Sub Broker Revenue Sharing|
|Find the details of Sharekhan Sub Broker Commission for all Business Models|
|What is the revenue sharing for Sub Broker program?||50% – 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 Sharekhan Business Partner Security Deposit requirement?
Sharekhan Franchise partners must pay a certain amount to get the business rights. We’re talking about Sharekhan Franchise cost to be endured.
You may even refer to this as the security deposit. This deposit lays the foundation on which the partners are categorized.
And, these categories determine the commission rates they get. So, the security deposit amount varies from Rs.70,000-1,00,000.
|Sharekhan Franchise Security Deposit|
|Check the Sharekhan Franchise cost requirement for each business model|
|How much is the security deposit required for Sub Broker Program?||Rs.70,000 – 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 Sharekhan Authorised Person Program?
Many franchisers grant their partners with business offers. These offers help the partners to frame their businesses. And, these can be relied upon for swift growth.
However, there aren’t numerous Sharekhan Franchise offers for the partners to rely upon. In fact, there is only offer that the franchiser grants. We’re referring to the flexible revenue sharing model.
|Sharekhan Sub Broker Offers|
|Here is the list of Sharekhan 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?||No|
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What are the various Supports provided to Sharekhan Partner?
The franchiser does have a soft corner for their partners. They know how granting even the least support can bring about great changes. And, they implement it throughout their business.
That’s why the list of Sharekhan franchise’s support initiates is a large one. It includes: –
- Product Training
- Back Office Support
- Trading Support
- Advisory Support
- Marketing Support
|Sharekhan Business Partner Support|
|Here are the various Support Sharekhan 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 authorised 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 Sharekhan Sub Broker Program?
Sharekhan has strict requirements related to business establishment. And, the requirements include infra, investment and eligibility from partners.
Talking of which, they need certain business infra establishment from all partners. And, the Sharekhan sub broker infra requirements list goes as: –
- The recruitment of certain employees. Sharekhan requires their partners to have at least 3 employees. This is mandatory for all partners. These employees must be well trained about the financial services industry.
- Ownership of certain office area. This is required to establish the basic business-related infrastructure. The office must at least be of 150 sq. ft.
- Establishment of certain trading terminals. The terminal must add value to the office infrastructure. Thus, they must be built as per the industry standards.
- Establishment of a working telephone line. This is needed for communications purpose.
- Establishment of a working internet connection. This is needed to support several online trades. It must even support multiple trades and communication simultaneously.
|Sharekhan Partner Infrastructure Requirement|
|Find the various Infra required to take up Sharekhan 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 150 Sq Ft|
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What are the eligibility criteria to become Sharekhan Partner?
Sharekhan, as told before has some strict rules for the partners. These rules even apply to the selection of partners. And, they do a fine job of helping Sharkhan select the best.
We’re saying that all partners must abide by certain norms. They must even follow the eligibility criteria before enrolling. This is how the Sharekhan franchise’s eligibility criteria look: –
- The people of 21 years and above are allowed to register. Applicants must provide their age proof during the registration process.
- Only people with a certain educative background are allowed to register. The partners must at least have an intermediate’s degree. However, people with a bachelor’s degree are preferred as partners.
- People with 2 consecutive years of experience can register. The applicant must prove their experience in the financial services field.
- Only people with a certificate from SEBI are allowed to register. This allows the partners to act freely and legally.
What is the brokerage charges levied to the Clients of Sharekhan Franchise?
Sharekhan franchise has simple yet strict rules regarding service charges. And, these rules are applicable to all the partners.
These keep the sense of integrity within their business network intact. And, these even allow the clients to be treated equally. Here’s what Sharekhan partner charges list looks like: –
- The clients must be charged 0.10% for equity intraday.
- Clients must be charged 0.50% for equity delivery.
- The clients must be charged Rs. 100 per lot for equity options.
- Clients must be charged Ts. 30 per lot for currency options.
- The clients must be charged 0.10% for equity futures.
- Clients must be charged 0.10% for currency futures.
- The clients must be charged 0.10% for commodity.
|Sharekhan Sub Broker – Brokerage Charges to Clients|
|Here are the brokerage charges levied by Sharekhan Sub Broker to their clients|
|What are Equity Intraday charges?||0.10%|
|How much are Equity Delivery charges?||0.50%|
|How much is the charge levied on Equity Options?||Rs.100 per Lot|
|How much are the Currency Options charges?||Rs.30 per Lot|
|What are Equity Futures charges?||0.10%|
|What are the charges levied on Currency Futures?||0.10%|
|What are the charges levied on Commodity Trading?||0.10%|
What is the Account Opening Charges Levied to the clients of Sharekhan Sub Broker?
Sharekhan franchise charges are also regulated for the partners to use. This is how they must charge the clients: –
- There are no charges associated with account opening.
- A margin money balance of minimum Rs. 5,000 must be maintained.
- The Demat AMC is to be charged at Rs. 300 per annum.
- There are no charges for the Trading AMC.
- Transaction charges are limited at 0.00275%.
|Sharekhan Franchise – Account Opening Charges to Clients|
|Here are the account opening charges levied by Sharekhan Franchise to their clients|
|What are the Account Opening Charges?||Zero|
|What is the Margin Money required?||Rs.5000|
|What is the charge for Demat AMC?||Rs.300 per Annum|
|how much are Trading AMC charges?||Zero|
|How much is the Transaction Charges levied?||0.00%|
What is the Customer Ratings of Sharekhan Authorised Person Program?
Sharekhan franchise ratings as given in the chart above are explained below: –
- 3.60/5 for revenue sharing.
- 3.50/5 for security deposit needs.
- 4.00/5 for the experience.
- 4.00/5 for offers.
- 3.80/5 for their trading platforms.
- 3.71/5 on their overall performance.
|Sharekhan Franchise Customer Ratings|
|Find Client Ratings & Reviews against multiple parameters for Sharekhan|
|According to Revenue Sharing Model of the Franchisor||3.60 / 5|
|Ratings as per Security Deposit provided by the company||3.50 / 5|
|As per Experience in the Sub Broker Business||4.00 / 5|
|As per Offers provided by the Broking Franchise||4.00 / 5|
|Ratings as per Mobile Trading App & Trading Platforms||3.80 / 5|
|Overall Ratings of the Sub Broker Franchise||3.71 / 5|
Sharekhan Franchise Conclusion
Sharekhan Franchise can be trusted with their services. That’s all we can say to conclude.
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