If you want to visit theSharekhan Franchise near me, then you can find it in many cities of India like Delhi, Mumbai, Chandigarh and many more.
Sharekhan was established in Mumbai by Shripal Morakhia in 2000. The stockbroker is considered to be one of the pioneers of online retail broking in India.
Talking about the offline presence, Sharekhan franchise model is widely spread across 3000+ locations of the country in around 600 cities and towns.
However, Sharekhan has been fully taken up by BNP Paribas and is now named as the Sharekhan by BNP Paribas.
Sharekhan gives brokerage services through its online website andSharekhan Mobile trading app all throughout the country. They offer the services to multiple clients including investors, traders, corporate, NRI’s and corporate.
Sharekhan Franchise is the perfect method to partner with the stockbroker to run his/her own business with them to earn some profits.
There are a variety of partnership models offered by them which are tailor-made to suit the needs of each client.
These partnership models are designed to give the maximum profit to the partner and also help them set up their own trading business under one of the biggest names in the industry – Sharekhan.
As per the company, there are numerous reasons a person should partner with them. In the following Sharekhan Franchise Review, we will know about all these business models in detail.
Some of the major potential reasons to take up the Sharekhan Franchise are:
Brand Name – The biggest reason to partner with Sharekhan is that they are one of the biggest names in the country.
The name speaks for itself. Since it is so popular, this means that it is supported and trusted by the people of the country. It becomes much easier when you, as a business, are using brand equity for client acquisition.
Research – Research is paid much attention to the company and knowledge is prioritized overall. In-depth qualitySharekhan research is provided to the partners and the clients at both fundamental and technical levels.
Technology – The use of the latest technology has kept them ahead as one of the frontrunners in the industry. The company ensures smooth transactions with the help of automated advanced risk monitoring systems.
Business Practices – The core value is to build trust and transparency amongst the customers and the company.
Training – They provide training to all their partners and the employees working at the Sharekhan Franchise for free.
Marketing Help and Support – They have a marketing support facility that helps the partners in achieving success by facilitating business development opportunities.
Brokerage Rates – Sharekhan brokerage is regarded as one of the best in industry.
Each partner is allotted with a dedicated relationship manager who can help them with anything they require.
Apart from all these benefits, there are multiple advantages you get as a partner in regular day to day operations.
Furthermore, since the complaint percentage by its clients is relatively low, you spend less time fixing client’s problems and focus primarily on the growth of your business.
Furthermore, the broker holds regular training and seminars for its partners so that they stay updated with the market trends, latest concepts, competitive space, share market advanced education and a lot other related areas.
There are a variety of products and services offered by Sharekhan that are designed based on individual requirements. Some of the different partnership models offered by Sharekhan Franchise are:
2.Independent Financial Advisors
1. Sharekhan Power Broker
The first kind of partnership model offered by the stockbroker is the Sharekhan Power broker. Willing sub brokers, financial advisors or distributors can benefit from this franchise model.
This is also one of the most opted ones.
In this model, the broker partners with Sharekhan and sets up their own trading business.
This Sharekhan sub broker model can target all the clients that trade online by themselves and start working with them. This partnership model is perfect for the sub-brokers, financial products distributors, financial advisors and business owners.
The products and services that the power broker can trade under are:
Any Sharekhan Franchise can start their business with the company at a minimum deposit that ranges somewhere between ₹70,000 to ₹1,00,000.
Although, you can certainly negotiate with the executive when things are getting discussed on the table. The negotiation turns to your favour if you already have a sizable running client base.
As the Sharekhan Franchise Cost, the broker has to make a deposit of ₹70,000 and also set up the office by themselves. This might total to about ₹2,00,000 worth investment.
The profit is divided between the company and the sub-broker.
This is in line with the industry average, although, there are a few brokers who have a much lesser requirement in terms of the initial deposit but you may have to compromise on the brand part in such a deal.
Sharekhan Franchise Sharing
The Sharekhan Sub Broker commission ranges from 60:40 to 70:30 depending on the deals that the broker can get from the company.
In the Sharekhan Power Broker model, sub brokers can earn as much as 70% of the revenue, whereas in Sharekhan IFA, the revenue sharing varies in range from 30 – 40%.
In other words, Sharekhan keeps 40% of the overall business revenue and the partner gets to keep 60%, in the 60:40 model.
For instance, if your business generated a net brokerage of ₹10,00,000 in a month, then ₹6,00,000 becomes your business revenue for the month and the rest ₹4,00,000 goes to the broker (for more information, checkSharekhan Brokerage).
The profit distribution between the company and the remisier and the company and the Independent Finance Advisor are different and can be negotiated at the time of signing the contract.
Additionally, Sharekhan also keeps coming up with a variety of offers and deals for its partners that can also be availed to get a benefit in the business partnership.
Sharekhan Franchise Offers
Some of the offers that the broker comes up on a regular basis for its clients include:
Low brokerage charges based on a high initial deposit
It is really simple to open a Sharekhan Franchise. These are the steps you need to follow:
First of all, check whether you fulfill the Sharekhan franchise eligibility criteria .
Fill the below mentioned form with all the correct details or visit one of Sharekhan Branches.
Know and accept all the clauses related to the business.
Sign up the papers and pay the initial Sharekhan franchise investment.
The broker’s team will validate all the details provided along with the documentation. Post verification, an executive will be aligned with you who will perform a physical check at your office premise.
After this due diligence, you will be provided with some onboarding formalities.
You will also be explained all the basic aspects you MUST take care of as you become part of the brand.
An agreement will be signed by both parties. It can also be seen as a contract in order to make sure there are no illegitimate proceedings from either side.
Startup your business with guidance from Sharekhan and take home up to 70% of the profit.
Sharekhan Franchise Contact
If at any point in time, you need assistance regarding the Sharekhan Franchise model, you can get in touch with the Sharekhan Customer care team.
This team will connect you with the right person who can assist you with the kind of query you have depending on the phase of the overall onboarding journey you are in with the broker.
Sharekhan Commodity Franchise
TheSharekhan Commodity business is different from the rest of the stock market investment business the brand offers.
If you are looking to establish as a partner with the Commodity business of the brand than the business model, corresponding requirements and revenue sharing terms are different.
For instance, the partner model, in this case, is called Power Broker.
Here the requirement is that you should ideally be servicing HNI (High Net Worth Individuals). Furthermore, the product range has a wide variety within the commodity segment, such as:
The registration process, however, is similar to what has been explained above.
With all of the above Sharekhan franchisedetails, we can say that partnering with Sharekhan can be one of the biggest business opportunities for anyone.
If you meet the set criteria and can pay the minimum fee that is required to partner with the company, there are only good things for you in the future.
Their support and learning program is one of the best and does help each of their partners in nourishing and developing their business.
With this said, Sharekhan is one of the best business partners giving some of the best business models to the clients. The sub broker commission rates ranging between 60:40 to 70:30, partnering with the stockbroker is a lucrative proposition.
Hence, there is no doubt that the Sharekhan franchise is one of the most preferred business partnership platforms for brokers.
In case you are looking to open a sub-broker or master franchise business through one of the top stock brokers in India, then let us arrange a callback for you.
Just fill in the details below and you will get a call from B2B onboarding team:
More on Sharekhan
If you are looking to know more about Sharekhan, here are some reference articles for you:
Here are some of the frequently asked questions asked about the Sharekhan franchise or sub-brokership business:
Is the Initial deposit mandatory to be a Sharekhan franchise?
This initial deposit basically works as a security for the broker and yes, it is mandatory if you are looking to partner this full-service broker.
However, this is applicable to all major stockbrokers in India.
2. How long it takes to start the Sharekhan franchise business?
It varies between 2-3 days to a week’s time. The onboarding time basically depends on your documentation and inputs provided.
If all the documentation is valid and there is nothing missing, it is a matter of a couple of days for you to get started with your business. At times, due to few onboarding concerns, it may take a little longer than that.
3. Does Sharekhan franchise open in smaller towns and cities as well?
Yes, definitely. The broker is open to franchise partnerships with businesses coming from all sorts of geographical backgrounds, be it tier 2 or tier 3 towns.
Although, it brings more confidence to the broker if the town has a decent population density and relatively lesser competition.
4. Can I get more than 70% revenue sharing from my Sharekhan franchise?
Generally, this is the percentage of revenue sharing the broker sticks to, however, in extreme cases where the partner has a sizable client base and is bringing in regular business numbers for the broker – it has been seen that the franchise partner may get more than 70% of the brokerage generated.
In case you are looking to get started with Sharekhan as a Business Partner, just fill in a few basic details below: