Zerodha Franchise or Sub Broker – Find Revenue Sharing, Security Deposit and more

Zerodha Franchise doesn’t really need an introduction. They’ve been deemed as the fastest growing financial broker in the country.

And, it’s not merely their growth that matters. In fact, it’s their way of growing that’s caught everyone’s attention.

In short, they’re an innovative company with the zeal to outperform the best. And, that’s what has made their success so popular.

As for today, we’ll be concerned about some of their specific abilities. We’re talking about their abilities as a financial franchiser.

In fact, we’ll try to review them on several business grounds. And, our review will serve as a helping factor for you to decide whether to partner with them at all.

Zerodha Sub Broker Highlight
Top Business Model Partner Program
Initial Investment Required Rs.11,000
Revenue Sharing 20% – 50%
Payout Time 45 Days
SB Code Activation Time 3 Days

Zerodha Franchise SubBroker


What do you know about Zerodha Franchise?

Zerodha Franchise came to cater forward the clients in the year 2010. And, in even less than a decade they’ve made a humongous progress. They’ve completely changed the financial planning and trading services industry.

In fact, it won’t be wrong to say that they’ve revolutionized the industry. They’ve minimized the physical efforts involved while serving clients. And, they prefer to rather trust the digital means. They take pride in the way they function.

And, that’s worth the efforts they put in. They’ve been in limelight about their partner program’s massive growth drive. And, they’ve been doing it since the last 2 years.

As a financial franchiser, they need only 3 days to activate a new sub broker’s code. However, to process the dues of their partners, they need 45 days.

Zerodha Business Partner Overview
Here is the overview of Zerodha Franchise
What type of Company is it? – Public / Private Private
What is the Broker type? Discount Broker
Where is the Headquarter located? Bangalore, India
Who is the Founder?  Nithin Kamath, Nikhil Kamath, Dr.Kailash Nadh
What is the year of establishment? 2010
How many days does it take for SB Code Activation? 3 Days
How many days/weeks it takes for Payout? 45 Days

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    What are the various Business Models that Zerodha Sub Broker Program provides?

    Zerodha Franchise, as mentioned earlier, has revolutionized the financial services industry. In fact, their digital ways have proven to be rather reliable than the conventional ones. They’ve even managed to acquire many clients using the same.

    However, they still prefer the old school ways once in a while. Speaking of which, they even follow certain ways of their competitors. This includes providing their franchise clients with two specific business models.

    Their options include referral program and remisier plan. Both have been developed to function differently. And, yet they both serve certain partner types.

    • Partner Program / Remisier
    • Referral Program

    Zerodha Partner Program / Remisier

    The remisier program enables the partners to act as agents of the franchiser. This allows them to function freely on individual terms.

    Zerodha Referral Program

    The referral program does not require any engagement from the partners, however. It pays off as soon as a referral converts into real business.

    Zerodha Franchise Business Models
    Know about various Business Models of Zerodha
    Is the Sub Broker business model available? No
    Do they provide Referral Program? Yes
    Do they provide Master Franchise Model? No
    Does this broker provide Partner / Remisier model? Yes

    How does Zerodha Sub Broker Revenue Sharing work?

    Zerodha franchise revenue sharing distributes the commission rate as per business models. They further categorize the commission as per certain arrangements they have with partners.

    The commission rate for the remisier model varies from 20%-50%. And, the commission rate for the referral program is fixed at 10%.

    Zerodha Sub Broker Revenue Sharing
    Find the details of Zerodha Sub Broker Commission for all Business Models
    What is the revenue sharing for Sub Broker program? NA
    Do they provide revenue sharing or direct pay for Referral Program? 10%
    How much is the revenue sharing Master Franchise business? NA
    How much is the revenue sharing required for Partner / Remisier model? 20% – 50%

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    What is the Zerodha Business Partner Security Deposit requirement?

    Zerodha Franchise requires their partners to abide by certain rules. This includes making a primitive investment. And the investment is made for infrastructure and business fundamentals. This even involves paying a certain amount for security deposit.

    And, the security deposit paid establishes a lot of things. We’re referring to the commission rates and the set arrangements.

    Thus, the remisiers are required to pay Rs.11,000 as security deposit. And, the referral program needs a security deposit of Rs.1,500.

    Zerodha Franchise Security Deposit
    Check the Zerodha Franchise cost requirement for each business model
    How much is security deposit required for Sub Broker Program? NA
    Is there any security deposit required for Referral Program? Rs.1,500
    What is the initial investment required for Master Franchise Model? NA
    What is the deposit required for Partner / Remisier Model? Rs.11,000

    What are the various Offers rolled out by Zerodha Authorised Person Program?

    Zerodha Franchise offers to help their partners in many ways. They lay down several business establishment blueprints. And, they even grant the partners with many offers.

    These offers are said to impact the business directly. It helps to ease the business growth rapidly. So, here’s what the franchiser offers: –

    • Flexible Revenue Sharing
    • 10k Initial Deposit Provision
    Zerodha Sub Broker Offers
    Here are the list of Zerodha 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 Zerodha Business Partner?

    The franchiser understands the vitality of support in business. That’s why they grant enormous support to the partners. This includes, training them for certain operations.

    And, it even involves granting access to certain supervision programs. Zerodha franchise support all of their partners in a specific manner. They do so by granting these: –

    • Product Training
    • Back Office Support
    Zerodha Business Partner Support
    Here are the various Support Zerodha 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? No
    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 Zerodha Sub Broker Program?

    Zerodha sub broker infra requirements are least in comparison to their competitors. In fact, they ask the partners for the most basic requirements.

    This way, they do not end up bothering the partners unnecessarily. Moreover, it enables their partners to thrive with the least possible infrastructural establishments. Their list of requirements include: –

    The remisiers to have a proper trading terminal. The trading terminal must be built as per the industry standards. This is required for accurate business operation. And, it even ensures a decreased margin of error.

    Zerodha Partner Infrastructure Requirement
    Find the various Infra required to take up Zerodha Franchise
    What is the Employee Strength needed to start this franchise? Not Required
    Do the Sub Broker needs to provide Trading Terminals? Yes
    Is the Internet Connection mandatory to take up franchise? No
    Are Telephone Lines mandatory for Business Partners? No
    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? Not Required

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    What are the eligibility criteria to become Zerodha Partner?

    As mentioned earlier, Zeroda requires their partners to follow strict business norms. These, norms establish the basic infrastructure they must have.

    They even tell the partners how and what to charge the clients. Most importantly, they restrict the type of people applying for the partnership. We’re talking about Zerodha franchise’s eligibility criteria.

    Here’s a glimpse into the basic requirements: –

    • It requires the partners to be of certain age. The partners applying for the registration must be of 21 years or more. And, it’s a must for the partners to provide a valid proof for their ages. This must be provided at the time of registration.
    • It requires the partners to have certain experience. An experience of at least 2 consecutive years is a must. In fact, the partners must even validate their experience through certain document.
    • It requires the partners to have a certificate granted by SEBI. Ensures that they’re compatible to commence financial business.
    • Requires the partners to have a certain educative qualification. The applying partners must at least have a degree of intermediation. Anyway, the franchiser prefers the ones with a bachelor’s degree.

    What is the brokerage charges levied to the Clients of Zerodha Partners?

    Zerodha franchise has enlisted discrete charges that can be incurred upon the clients. We’ve presented the same rate chart right above this section.

    This rate chart must be followed by all partners. And, the partners are not allowed to charge any more than this. Thus, Zerodha partner charges must specifically be as per the chart: –

    Zerodha Sub Broker – Brokerage Charges to Clients
    Here are the brokerage charges levied by Zerodha Sub Broker to their clients
    What are Equity Intraday charges? Flat Rs 20 or 0.03% (whichever is lower) per executed order
    How much are Equity Delivery charges? Zero
    How much is the charge levied on Equity Options? Flat Rs 20 per executed order (on Turnover)
    How much are the Currency Options charges? Flat Rs 20 or 0.03% (whichever is lower) per executed order
    What are Equity Futures charges? Flat Rs 20 or 0.03% (whichever is lower) per executed order
    What are the charges levied on Currency Futures? Flat Rs 20 or 0.03% (whichever is lower) per executed order
    What are the charges levied on Commodity Trading? Flat Rs 20 or 0.03% (whichever is lower) per executed order

    What is the Account Opening Charges Levied to the clients of Zerodha Sub Broker?

    Even the Zerodha franchise charges have been regulated for the partners. This helps to provide the clients with unbiased treatment. This is how the list goes: –

    • 200 is to be charged for new account opening purposes.
    • No payment must be charged for Trading AMC.
    • 300 + GST must be charged annually for Demat AMC.
    • Moreover, there is no limit to margin money balance. Thus zero balance can be maintained.
    Zerodha Franchise – Account Opening Charges to Clients
    Here are the account opening charges levied by Zerodha Franchise to their clients
    What are the Account Opening Charges? Rs.200
    What is the Margin Money required? Zero
    What is the charge for Demat AMC? Rs.300 + GST per Annum
    how much are Trading AMC charges? Zero
    How much is the Transaction Charges levied? 0.00345%

    How to become a Zerodha Partner or Sub Broker?

    Zerodha has always been driven toward making every step or process as easy as possible for its customers. The same is true even about its Sub broker plan.

    One can easily become a Zerodha Sub Broker with the Zerodha Partner Program. It does not take any special or additional registration or anything.

    All you have to do is refer to your family, friends, and contact and receive the income when you open their Zerodha Account successfully.

    The only requirement here is that the account should be opened within the period of 60 days from the referral.

    You can easily track the status of your referral and their history and keep the income you make through these referrals.


    Documents required to become Zerodha Partner

    Let’s see the documents you will need to start your Zerodha Sub Broker. The documents can be categorized into the following –

    1. Identity Proof – Adhaar card, Pan Card, Passport, Driving License, Voter ID
    2. Proof of Age – Passport, School Certificate, PAN card
    3. Address Proof – Adhaar Card, Passport, Driving License, Voter ID, any utility bill
    4. A canceled cheque for bank account details
    5. Passport size photographs

    Why Partner with Zerodha?

    Zerodha is the best discount broker in India. It is well known for its easy and simple process. It charges Rs. Zero for Equity delivery and direct mutual funds has numerous facilities to offer their customers.

    For a Zerodha Franchise, too, they have a variety of offers by which they can earn money and help their clients take advantage of Zerodha Universe.

    When you partner with Zerodha, you earn 10% of the brokerage paid by your clients. You also get additional reward points with every referral. These referral points can be utilized to unleash various Zerodha tools and platforms.


    Zerodha Franchise – Pros & Cons

    Pros

    Association with a popular and one of the best discount brokers in India. Zerodha does not bind you to follow some straight jacketed set of rules to become a partner or put a loads of qualification criteria.

    You can check the history of all your referrals and the income out of it any time from its platform.

    You can also get an affiliate link with the help of your Client ID. The referral model and Zerodha Partner system are robust.

    Cons

    The entity spells out no specific business model. You only earn through referrals. Revenue sharing is 10% of the brokerage.


    Zerodha Franchise Registration

    There is no additional registration required to become Zerodha Partner. You should be a customer of Zerodha and have a Zerodha account.

    You can start referring to your family and contacts from the Zerodha website or Zerodha App from the ‘Refer a Client’ option.

    Further, if you have referred and brought more than 100 clients to the Zerodha family, then the team of Zerodha will contact you for further discussion.

    Another option for starting your journey as a Zerodha Sub Broker is ‘Create a Ticket’ on the website.


    Earning the potential of a Zerodha Partner / ROI

    As we know that Zerodha is among the most affordable and accessible brokers. It charges a mere sum of Rs. 200 for the online Account Opening, and in a few minutes, you have access to a whole world of possibilities.

    There is no initial investment required to start as a Zerodha Business Partner. You can open the website or mobile app, log in with your credentials and start this fun stride. You earn 10% of the brokerage charged by the clients you refer.


    Zerodha Authorised Person – Products Offered

    As a Zerodha Authorised Person, you unlock limitless scope for yourself. When you refer to a new client, you earn through the brokerage charged on the trades.

    Also, on every referral, you earn reward points for yourself which you can use for accessing various tools and platforms of Zerodha.

    With Zerodha, you can invest in everything, stocks, derivatives, mutual funds, commodities, etc. And by bringing new clients, you offer them to experience this world too.

    In Zerodha Universe, they not only earn but get deep insights into the financial markets and securities.


    What is the Customer Ratings of Zerodha Authorised Person Program?

    Zerodha franchise ratings are depicted within the chart as mentioned above. They are rated on various aspects. And, the ratings are done on a scale of 1-5. Here’s how they’ve performed: –

    • 2/5 for revenue sharing model.
    • 4.5/5 for security deposit needs.
    • 2.5/5 for their experience.
    • 4/5 for their offers.
    • 4.1/5 for their trading platforms. This rating even applies to their mobile app.
    • On the whole, they’ve got a rating of 3.13/5.
    Zerodha Franchise Customer Ratings
    Find Client Ratings & Reviews against multiple parameters for Zerodha
    According to Revenue Sharing Model of the Franchisor 2.00 / 5
    Ratings as per Security Deposit provided by the company 4.50 / 5
    As per Experience in the Sub Broker Business 2.50 / 5
    As per Offers provided by the Broking Franchise 4.00 / 5
    Ratings as per Mobile Trading App & Trading Platforms 4.10 / 5
    Overall Ratings of the Sub Broker Franchise 3.13 / 5
    Star Ratings ★★★☆☆

    Zerodha Franchise Conclusion

    Zerodha Franchise is a perfect example of a proper fin-tech company. And, their support and services are all partner centric. Thus, we believe you can definitely trust them as a financial franchiser.


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