This article will give you a complete demonstration on the way the Shri Parasram Holdings Franchise operates.
It will enable you to understand the entire partnership structure, their enrollment procedure, the cost of investment with them, the infrastructure requirement that they have and also their Revenue sharing model and percentages.
To conclude, it will summarize the entire Shriram Parasram Holdings Sub Broker program for you to take a judgement call whether you wish to go with them or some other broking house.
|Shri Parasram Holdings Sub Broker Highlight|
|Top Business Model||Sub Broker|
|Initial Investment Required||Rs.50,000 – Rs.200,000|
|Revenue Sharing||60% – 80%|
|Payout Time||25 Days|
|SB Code Activation Time||34 Days|
What do you know about Shri Parasram Holdings Franchise?
Shri Parasram Holdings is a very seasoned and legendary Broking house which has a history dating back 25 years. The founder, Mr. Anshu Aggarwal started this company in the year 1994 which is headquartered in New Delhi.
It is a Private Full Service Broker and since its inception, it’s been growing with great speed. The company’s agile nature and customer centric approach has made it a very successful enterprise.
The Shri Parasram Holdings Sub Broker program is very well known across the industry and many businessmen enroll for this every year.
To get into the Shri Parasram Holdings Franchise business, all you need to do is apply online and if you are eligible, your agency can be started off in a month’s time.
|Shri Parasram Holdings Business Partner Overview|
|Here is the overview of Shri Parasram Holdings Franchise|
|What type of Company is it? – Public / Private||Private|
|What is the Broker type?||Full Service Broker|
|Where is the Headquarter located?||New Delhi|
|Who is the Founder?||Anshu Aggarwal|
|What is the year of establishment?||1994|
|How many days does it take for SB Code Activation?||34 Days|
|How many days/weeks it takes for Payout?||25 Days|
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What are the various Business Models that Shri Parasram Holdings Sub Broker Program provides?
The Shri Parasram Holdings Franchise program is a very simplified approach by the company to let its partnership rolling. They have only one business model and that is the Shri Parasram Holdings Sub Broker Model.
- Sub Broker / Authorised Person
Shri Parasram Holdings Sub Broker / Authorised Person
Under this framework, the Sub Broker is provided complete authority by the company to interact and execute a trade with customers on their behalf.
The sub-broker has access to the company’s trading portals and terminals and they can also facilitate all types if trade with end-users using the same. They just need to purchase a license from the company.
|Shri Parasram Holdings Franchise Business Models|
|Know about various Business Models of Shri Parasram Holdings|
|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 Shri Parasram Holdings Sub Broker Revenue Sharing work?
The company understands the value of the Sub Brokers in their business and they also acknowledge that they have grown to this level only because of their sub brokers.
Hence the payout that they have which is the Shri Parasram Holdings Sub Broker Commission is also at par with the industry standards and to the benefit of the partners.
The Shri Parasram Holdings Franchise Revenue share is 60% – 80% of the revenue generated by the Sub Broker.
This difference also depends on the amount of business that you give to the company; the higher your business contribution, the higher the share percentage you can expect.
|Shri Parasram Holdings 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|
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What is the Shri Parasram Holdings Business Partner Security Deposit requirement?
Principally the company doesn’t believe in putting too much load on their partners hence the Shri Parasram Holdings Franchise Cost is also not very high.
They have kept Rs. 50,000 as the minimum starting one’s setup with them. Here again, the company would see the Partner’s potential in providing and sustaining the business.
If an amateur, who has no finance background and establishment, starts the partnership, they would surely charge a higher security deposit as they would also need to safeguard themselves as an organization.
|Shri Parasram Holdings Franchise Security Deposit|
|Check the Shri Parasram Holdings 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?||NA|
|What is the deposit required for Partner / Remisier Model?||NA|
What are the various Offers rolled out by Shri Parasram Holdings Authorised Person Program?
Shri Parasram Holdings introduces various schemes and offers for their Partners on regular intervals. However there are some offers which are applicable year round.
Some of them are Flexible Revenue sharing model and 10K initial deposit as well. These are some of the Shri Parasram Holdings Franchise Offers.
However they don’t offer a flat revenue sharing or Zero Revenue Sharing with Prepaid or even the Zero Deposit scheme as they want the Sub Broker to invest some amount of money to start off.
|Shri Parasram Holdings Sub Broker Offers|
|Here is the list of Shri Parasram Holdings 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|
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What are the various Supports provided to Shri Parasram Holdings Business Partner?
As a partner, you certainly can anticipate a lot of help in the form of Shri Parasram Holdings Franchise Support.
They devote a lot of time and energy in training their business partners and hence the Product training, acquisition training and dealing training, etc is all done by the company itself.
As a part of the Shri Parasram Holdings Partner Support, you can also look forward to end-to-end Back-office support from their team also trading related support for you as well as your customers.
However, they do not provide any kind of marketing-related support or Advisory support to their partners.
|Shri Parasram Holdings Business Partner Support|
|Here are the various Support Shri Parasram Holdings 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 Shri Parasram Holdings Business Associate?
The Shri Parasram Holdings Partner Requirement with respect to the infrastructure is also extremely practical & conventional.
They don’t have extravagant expectations or requirements from their partners to maintain elevated infrastructure standards.
The company wants you to uphold a small office space for the business (approx 250 sq ft size) with minimum 3 employees to handle the business.
Some of the other things they expect as a part of the Shri Parasram Holdings Sub Broker Infra Requirement would be basic requirements like telephone lines, Internet connection and Trading Terminals access in their office.
|Shri Parasram Holdings Partner Infrastructure Requirement|
|Find the various Infra required to take up Shri Parasram Holdings 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 250 Sq Ft|
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What are the Eligibility Criteria to Become Shri Parasram Holdings Partner?
Similar to any other broker, they also have their Shri Parasram Holdings Sub Broker Eligibility, which means that they will check the eligibility before giving you a sub broker license.
The basic requirements are that you need to be a graduate in terms of qualification. Some basic financial experience would be an added advantage.
If you already have a stock broking business or are working with a Stock broking company that could be extremely beneficial.
Moreover, you also need to have a mandatory SEBI certificate. These are some of the Shri Parasram Holdings Franchise Eligibility that you need to keep in mind while applying as a Sub Broker.
What is the brokerage charges levied to the Clients of Shri Parasram Holdings Partners?
You can also pride yourself about their brokerage charges as Shri Parasram Holdings Partner Charges are the least across the industry.
For Equity Intraday, Equity Futures, Currency Futures and Commodity, your customers will be charged just 0.02% – 0.04% of the transaction value.
Equity Delivery, they charge 0.2% – 0.4%. If we talk about Options, they charge on a per lot basis – for Equity Options they charge Rs. 30-50 per lot irrespective of the trade value and for Currency Options, they charge only Rs. 20-30 per lot.
If you compare the Shri Parasram Holdings Authorized Person Charges, it is very low as compared to other stock brokers and this is how you can attract more and more customers.
|Shri Parasram Holdings Sub Broker – Brokerage Charges to Clients|
|Here are the brokerage charges levied by Shri Parasram Holdings Sub Broker to their clients|
|What are Equity Intraday charges?||0.02% – 0.04%|
|How much are Equity Delivery charges?||0.2% – 0.4%|
|How much is the charge levied on Equity Options?||Rs.30 – Rs.50 per Lot|
|How much are the Currency Options charges?||Rs.20 – Rs.30 per Lot|
|What are Equity Futures charges?||0.02% – 0.04%|
|What are the charges levied on Currency Futures?||0.02% – 0.04%|
|What are the charges levied on Commodity Trading?||0.02% – 0.04%|
What is the Account Opening Charges Levied to the clients of Shri Parasram Holdings Sub Broker?
The account opening charges with Shri Parasram Holdings is also very low. Your clients will be charged subsidized rates under the Shri Parasram Holdings Franchise Charges.
There are no charges for Demat account opening; however, for the Trading account, you need to pay Rs. 200 towards the account opening charges. However, for Demat Account maintenance, your customers will need to pay an AMC charge of Rs. 250 per annum.
There is Zero-Margin money requirement with them. You will be charged a 0.003% of transactional charge which will be on overall trade value.
Now, you can see that your clients will be sensibly charged as per the Shri Parasram Holdings Sub Broker Charges only and nothing extra will be levied upon them.
|Shri Parasram Holdings Franchise – Account Opening Charges to Clients|
|Here are the account opening charges levied by Shri Parasram Holdings Franchise to their clients|
|What are the Account Opening Charges?||Rs.200|
|What is the Margin Money required?||Zero Margin|
|What is the charge for Demat AMC?||Rs.250 per Annum|
|how much are Trading AMC charges?||Free|
|How much is the Transaction Charges levied?||0.003% of Total Turnover|
What is the Customer Ratings of Shri Parasram Holdings Authorised Person Program?
If you are looking for a candid and truthful opinion about the company, the Shri Parasram Holdings Sub Broker Review & the customer ratings will certainly help you decide. The company gets an overall rating of 3.3 over a 5 point score.
The Revenue Sharing model & Customer Experience gets a 3.4 rating over 5 points; the security deposit amount gets a 3.1 rating.
Their offers & their Mobile trading platforms get a 3.2 rating over 5. This means, holistically if you see, the Shri Parasram Holdings Franchise Rating would get a fair rating from their customers as well as investors.
|Shri Parasram Holdings Franchise Customer Ratings|
|Find Client Ratings & Reviews against multiple parameters for Shri Parasram Holdings|
|According to Revenue Sharing Model of the Franchisor||3.4 / 5|
|Ratings as per Security Deposit provided by the company||3.1 / 5|
|As per Experience in the Sub Broker Business||3.4 / 5|
|As per Offers provided by the Broking Franchise||3.2 / 5|
|Ratings as per Mobile Trading App & Trading Platforms||3.2 / 5|
|Overall Ratings of the Sub Broker Franchise||3.3 / 5|
Shri Parasram Holdings Franchise Conclusion
Shri Parasram Holdings is a very seasoned company in the Stock broking industry and has been working very diligently on their customer retention and stability.
This company is surely going to be a good choice to start a partnership. The Shri Parasram Holdings Franchise is definitely is a good business option if you are looking at setting up your own stock broking agency.
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