Alankit Assignments is one of the leading stockbroking company of the Alankit Group. It is a part of the conglomerate of ten companies under one umbrella. The company is a full-service stockbroker established in the year 1995.
The headquarter of the company is in New Delhi, India. The company is well-known for its innovative financial solutions. Alankit Assignments deals in financial services and share broking services and it is a 9001:2008 certified company.
Alankit Assignment Franchise Review
Alankit Assignments franchise or sub-broker business provide a wide range of online and offline trading services.
Alankit Assignment is listed on both the leading stock exchange of India: National stock exchange (NSE) and Bombay stock exchange (BSE). The company is also registered with MCX-UX and USE.
For commodity broking, the company is registered with MCX, NCDEX, ICEX, IEX, NMCE, NSEL and ACE. For, Depository services, the company is registered with NSDL and CDSL. The company has provisions of trading in Silver and Gold also.
The primary services of the Alankit Assignments include:
Online trading platform with risk management solutions.
In currency derivatives, the broker offers services of advisory and broking.
Depository services (DP).
Institutional broking services for top-notch companies like SBI, UBI, PNB etc.
Provides Registrar and share transfer agent (RTA) service. Appointed an e-return intermediary for the service of IT return.
Act as a third party for the distribution of financial products like Corporate fixed deposit, mutual funds, IPO application acceptance etc.
In this article, we are going to discuss details of the different aspects of Alankit Assignments franchise such as business models, revenue sharing ratio, advantages of the partnership, costing, offerings, etc.
Alankit Assignments Franchise Advantages:
If you start a partnership business with the Alankit Assignments franchise then you will get the following advantages.
The broker, Alankit Assignment is known for the trusted partnership business. So, you will get what you will be promised.
The competitive revenue sharing ratio will be offered.
You can provide your customers with trading platforms of the latest technology which will help to generate more revenue.
Alankit Assignments provide good service to their business partner with a wide range of products and services.
Will make you learn from the new challenges which come at the workplace.
It provides new and broad concept of the channel partner to join hands with the Alankit Assignments.
The broker makes the required changes in the organization from time to time for the benefit of their business partners.
Alankit Assignments Franchise Types
Alankit Assignments franchise offer only one type of business model.
Channel partner is the first and the only model offered by the Alankit Assignments. The main motive of offering a channel partner model is the expansion of the business. Through this model, a broker tries to reach the smaller cities of the country to acquire and widen its client base.
If you are the one, who has a wide client base and want to offer your clients a portfolio of products and services, then you can join hands with the Alankit Assignments as a channel partner. It means your clients need not go anywhere in search of any products.
You can offer them multi-products.
As a channel partner, you are required to deposit some security deposit with the broker and set-up an office to work from there.
Alankit Assignments Franchise Benefits:
Following is the benefit of working with the Alankit Assignments franchise as a channel partner.
The brand name of the company Alankit Assignments will help you to increase your business and generate more revenue.
Robust back-office support will be provided.
New technology and multi-products will be offered.
You will get help in proper business development.
You will get a good and strong mentor to guide you where required. The mentor will be senior management.
Solid research analysis reports and Advice will be given to help in smooth trading.
Competitive revenue sharing ratio.
Low initial investment/security deposit.
Alankit Assignments Franchise Revenue sharing
Alankit Assignments franchise offers the revenue sharing ratio in the range of 30%-40% of the revenue generated. This range is below the average range of a channel partner in the broking industry. Having said that, this range is not fixed.
It can be increased by bargaining with the broker depending on the security money deposited and revenue generated.
If you generate revenue of ₹2,00,000 in a month then an average you will get ₹60,000 – ₹80,000 as your commission. Remaining ₹1,20,000 will be the share of the Alankit Assignments.
To start a business with Alankit Assignments you are required to deposit some security money with the broker.
Alankit Assignments Franchise Initial Deposit
The security deposit is charged by the broker is refundable, it will be refunded when you will exit from the agreement.
Some amount from this security deposit will be deducted as membership fee of the stock exchange, desktop or trading platform provided by the broker, any other expense on infrastructure for the channel partner, etc.
The range of security deposit is between ₹1,00,000 – ₹2,00,000.
Having said that, there is always a small room open to negotiation and you are advised to have a go when you sit with the executive for the financial discussion.
Alankit Assignments Franchise Support
You will be provided support through various channels if you are a franchise partner:
Offers high-tech trading platforms for multi-products.
It provides all types of required training to run your business smoothly.
No need to go anywhere for any trading product. The broker is a one-stop-shop for your clients.
Support in making a strong client base.
Alankit Assignments Franchise Registration
By going through the following steps you can become a channel partner of the Alankit Assignments franchise:
Fill-up the registration form with the basic and required details available on the website. You may choose to fill the below form as well:
You will get a call from the executive to verify your interest in the partnership business with the broker.
Get another call from the company, they will make you understand in brief the details of partnership business with them like what type of business model they have, what are their benefits, what will be the revenue sharing ratio, security deposit etc. In this call, a meeting will be fixed to give you details.
Attain a meeting with the executive of the Alankit Assignments to know the details of the business. You can ask everything related to the partnership business which you would like to know.
You are required to submit all documents for verification purpose.
After verification, you will get an account ID to start your new business.
Now, you are ready to get an attractive share of revenue generated by your clients.
The whole process will take almost 8-12 business days to complete.
Alankit Assignments franchise Summary
Alankit Assignments, which is an old financial market player has gained the trust of customers. The broker offers only one type of business model with an attractive revenue sharing ratio and at par range of security deposit. It provides customers with a chance to get all products under one roof.
The registration process to become a channel partner of the broker is also an easy step.
Overall, we can say Alankit Assignments is one of the promising options to start a partnership business.
If you are looking to get started with a stockbroking business set-up, just fill in some basic details in the form below: