Kunvarji Finstock is a part of Kanvarji Group, established in the year 1986. The company is a full-service stockbroker, offers a wide variety of products to their clients. The broker is not very old in trading of stocks and commodities and started stock trading service from last 15 years only.
Kunvarji finstock sub broker business offers a wide range of financial services to its clients through its seasoned professionals who are ready to listen and provides necessary tools to enrich their finances.
Kunvarji Finstock Sub broker Basics
By starting a partnership business as a Kunvarji Finstock Sub broker, you are safeguarding your business as well as finances. The company understands your business needs and tries its best to grow your business. By joining hands with the company, you can protect your clients from the market uncertainties up to the maximum extent.
Here is the list of products and services which you can offer to your clients to trade in.
The client base of the company is extensive and spread mainly in the state Of Gujarat and are a mix of corporate, individuals, retail clients which include Non-residents and High net-worth individuals. Kunvarji Finstock is the registered member of NSE, BSE, MCX, MCX-SX and NCDEX exchanges of India.
In this article, we will discuss different aspects of the broker in details like partnership business model, revenue sharing model, advantages, security deposit etc.
Kunvarji Finstock Franchise Advantages
By starting a partnership business as a Kunvarji Finstock Sub broker, you will get the following advantages
Focus on customer satisfaction– The main focus of the Kunvarji Finstock is on customer satisfaction. So, as a business partner, you will get proper attention from the broker to grow your business. And, the same time you will also be able to provide proper attention to your clients.
Research base trading advice– The broker provides strong research base trading advice to the customers. It will help your clients to take the right or a profitable investment decision. The research base trading steps taken by your clients will increase your revenue and ultimately you can run your business smoothly.
Multi-platform for trading– You will be able to provide multi-trading platforms to your clients. The trading platform ranges from Desktop, web and mobile. It will make convenient for them to trade.
Web-based payment gateway and back office- You can provide your client web-based payment gateway which will help them to make fund transfer easily. They can also get the benefit from the online back office. It means one can easily get their details of trading and related information on a daily or monthly basis.
Dedicated support: The broker will provide you with all types of support related to the business you started so that you can develop and run your business easily. Support like marketing, back office, technology support etc will be provided.
Kunvarji Finstock Franchise Types
The broker offers only one type of business model i.e.
Sub-broker model is the only model through which you can start your new business with Kunvarji. Under this model, you will have to set-up your own business and acquire the clients for your own business.
Though you will get support from the Kunvarji in your business development, you will be responsible for good or bad in your business.
The broker will offer you the maximum percentage of the revenue generated by you and they will keep a fixed percentage of that revenue. You are also required to deposit some security money with the broker before starting the business (more on this later).
Here are some of the benefits of becoming a Kunvarji Finstock Sub broker:
You will get the right to access the research reports, technology and tools used by the company for your business.
You will also get right to fix the brokerage charge of your clients.
An opportunity to earn higher revenue by generating more and more.
You can easily acquire clients for your business by associating with an old broking house.
Kunvarji Finstock Franchise Revenue Sharing ratio
The range of revenue sharing ratio of Kunvarji Finstock Sub broker is around 50%-80%.
It means you will get the minimum of 50% and a maximum 80% of the revenue generated by you and your clients. The remaining percentage of the revenue will be kept by the main broker i.e. Kunvarji Finstock, in this case. The revenue sharing mentioned above range is in line with the industry.
However, the ratio of revenue sharing is not fixed. It depends on some criteria like the security deposit, projected revenue, your experience as a sub-broker and the most important is your bargaining power.
The revenue of ₹5,00,000 generated by you means you are eligible to get the maximum of ₹4,00,000 and the remaining ₹1,00,000 will be the share of the main broker.
Kunvarji Fintock Franchise Security deposit
To start any business you are required to make an initial investment for the development of your business. Just like other broking houses Kunvarji Finstock also demands some security deposit/ Initial investment money to start the business with them as a sub-broker.
To join Kunvarji as a business partner, you are required to deposit a small amount of ₹50,000 as the security money. It can be increased to ₹2,00,000 also, which has its own set of benefits. The higher will be the range of your security deposit, the higher will be your revenue sharing ratio.
The security deposit is refundable after deducting some initial investment which is made by the broker to set up your business. You can take this money when you exit from the agreement with the broker.
Kunvarji Finstock Franchise Registration
By going through the following steps you can become a business partner of Kunvarji Finstock.
Fill up the registration form available on the website. You may provide your details in the form below as well:
Get a call from the call centre executive to verify your interest in partnership business with Kunvarji Finstock.
You will get another call from the sales team of the company to verify the same and fix an appointment with them for detail discussion.
At the meeting, you can clarify your all confusions related to the type partnership business you want to start. You can ask about the basis of revenue sharing, what will be the security deposit, terms and conditions of partnership business etc.
They will ask you to submit all required documents to verify your interest with the security deposit cheque.
After verification, the broker will provide you with an account ID to start your business.
You can start your business just after that and can earn a good profit.
The whole process will take 8-12 business days to complete.
Kunvarji Finstock Franchise Summary
Kunvarji Finstock Sub broker model offers a wide range of products and services under one roof. The broker offers NRI services as well. It offers a single business model to start a partnership business with them with an affordable security deposit.
The offline presence of the company is limited to some of the states but, as a business partner, you will get everything to the company to grow your business.
By starting a partnership business with the company you can provide good customer service support to your clients.
So, if you want to start a partnership business with a broking house, you can keep Kunvarji also on your list. Just fill in the form below and we will get you started: