Power Broker, Independent Finance Advisor, Remiser
40% to 70%
Sharekhan Franchise – Introduction
Sharekhan is one of the biggest and the most prominent retail stockbroker in the country. Online trading at Sharekhan has had one of the biggest customer bases in the whole country. Sharekhan was established in Mumbai by Shripal Morakhia in 2000. He was one of the biggest pioneers of the online retail broking in India.
However, Sharekhan has been fully taken up by BNP Paribas and is now named as the Sharekhan by BNP Paribas.
Sharekhan gives brokage services through its online website and mobile app all throughout the country. They offer the services to multiple clients including investors, traders, corporate, NRI’s and corporate.
Their Sharekhan Franchise is the platform to partner with Sharekhan and one can 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 the biggest name in the industry- Sharekhan.
Sharekhan Franchise – Why to Open?
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:
The 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 over all. In-depth quality research is provided to the partners and the clients.
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. Some of their trading platforms include Sharekhan Trade Tiger, Sharekhan Mobile App, Sharekhan Mini etc.
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. Each partner is allotted with a dedicated relationship manager who can help them with anything they require.
Sharekhan Franchise – Partnership Models
There are a variety of products and services offered by Sharekhan that are designed based on the individual requirements. Some of the different partnership models offered by Sharekhan Franchise are:
Sharekhan Power Broker: Basics
The first kind of partnership is the Sharekhan Power broker or the Sharekhan Sub Broker (they also call it Sharestops). This is also one of the most opted ones. In this the broker partners with Sharekhan and sets up their own trading business.
The power broker 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:
Here are some of the benefits you will get if you choose to use this model:
The company provides a wide range of services and products that are designed to suit each client individually. These are also supported by RMs.
The services, marketing support, and technological investments are all taken care of by the company.
The relationship managers are allotted by the company to take care of the risk monitoring, equity sales, and operation related problems.
The broker gets a reasonable client base and an already set up internet based business model.
Independent Finance Advisor
The next category of partnership model given by the Sharekhan is the Independent Finance Advisor. If you are a financial advisor then partnering with Sharekhan for exclusive Mutual Funds Distribution is a good idea.
With Sharekhan the independent financial advisors get the opportunity to go on with their practice and leverage the name of the Sharekhan brand to their best advantage.
Sharekhan Independent Finance Advisor: Benefits
You will get the below-mentioned benefits if you choose to use this business model:
Provides the client with a one-stop solution to all the financial investment needs.
The relationship managers are allotted to each independent financial advisor that helps them in getting the HNI clients.
The company provides all the web-based tools and services that help in providing the best services to the existing and prospective clients.
The advisor gets to run their business and gets to leverage the brand name of Sharekhan to their advantage.
Sharekhan Remiser: Basics
The third and the last business model of the Sharekhan Company is the Remiser. A remiser is a person who brings the clients to the company and earns profits through that. So, if you are good at public dealing and have lots of contacts that you can easily convince to join Sharekhan, remiser is the perfect job opportunity for you.
Additionally, there is no need for any infrastructure setup because you can work from anywhere you want to.
Sharekhan Remiser: Benefits
Remiser model provides you with the following benefits:
The easiest way to earn big profits on every client you introduce and get involved with Sharekhan.
Work from anywhere since there is no need to set up an office or an infrastructure.
The company provides each remiser with one relationship manager that can be contacted at any time of the problems.
Sharekhan Franchise: Criteria
There are a few criteria’s that need to be met to open a Sharekhan Franchise. These criteria differ from business model to model. However, the best part about working with Sharekhan is that you do not need much experience. Even the inexperienced people can set up their own business.
This is a great opportunity for all the startups. Also, there are a few things that are required to register with Sharekhan, and they are:
Date of Birth verification document that shows that the person is 21 years or older.
The degree of educational qualification.
Bank details or statement.
A valid rental agreement for the franchise office.
Two recent photographs.
In addition to this, some of the following qualifications might be considered to make you a better prospect for the partnership. However, there are not compulsory:
Graduation degree in finance.
1-2 years of experience as a sub-broker, financial advisor or finance distributor.
Being an experienced business owner.
Sharekhan Franchise Fees
Any Sharekhan Franchise can start their business with the company at a minimum deposit that ranges somewhere between ₹70,000 to ₹1,00,000. The revenue share of the Sharekhan Sub Broker ranges from 60:40 to 70:30 depending on the deals that the broker can get from the company.
In other words, Sharekhan keeps 40% of the overall business revenue and the partner gets to keep 60%, in the 60:40 model.
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.
The profit distribution between the company and the remiser 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: How to Open?
It is really simple to open a Sharekhan Franchise. These are the steps you need to follow:
Check whether you fall in the criteria of the Sharekhan franchise requirements.
Fill the form available on their website with all the correct details or visit one of their branches.
Know and accept all the clauses related to the business.
Sign up the papers and pay the initial Sharekhan franchise investment.
Start up your business with the guidance from Sharekhan and take home up to 70% of the profit.
Sharekhan Franchise – Conclusion
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.
Hence, there is no doubt that this is one of the most preferred business partnership platforms for brokers.
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