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This article will discuss the Geojit Finance Franchise. It also includes all you need to know about becoming a Geojit Finance Franchisee.
This article can help you make a decision if you are interested to become a sub-broker with a stock brokerage company.
This section will explain the process of enrollment, how much it costs, what infrastructure investments you will need, and what percentage of revenue you can expect.
This article provides a comprehensive overview of the Geojit Finance Sub Broker model.
| Geojit Finance Sub-Broker Highlight | |
| Top Business Model | Sub Broker |
| Minimum Initial Investment | Rs.50,000 - R.150,000 |
| Revenue sharing | 50%- 70% |
| Payout Time | 20 days |
| Time to activate the SB Code | 35 days |
Geojit Finance, a public full-service broker, is based in Kochi (Kerala). This financial company was founded by Mr. Balakrishnan, its founder. It has been expanding its reach in the financial sector ever since.
The company is very well-known in Chennai and Kerala, and their network is growing. You won't regret your decision to become a Geojit Finance Sub Broker.
You will receive your commissions in 30 days from the date you made the transaction.
Geojit Finance franchises are easy to open. All you have to do is complete their form and someone from their sales team can get in touch.
| Geojit Finance Business Partners Overview | |
| This is an overview of Geojit Finance Franchise | |
| Which type of company is it? - Public/Private | Public |
| What type of broker is it? | Full Service Broker |
| Is the Headquarter in the right place? | Kochi, Kerala |
| Who is the founder? | Balakrishnan A |
| What year was the establishment? | 2000 |
| How long does it take to activate the SB Code? | 35 days |
| What is the time it takes to get paid? | 20 days |
Goejit Finance operates with three distinct business models:
A Sub Broker is an individual or company that takes up a license to trade for the company on their behalf.
Geojit Finance Subbroker would have full access to all trading portals and terminals of the company and could assist customers in trading efficiently using them.
A Master Franchise acts more like a distributor. A Master Franchise would also include Remisiers or Subbrokers. They function as a mini Broker, primarily in a particular region. All Sub Brokers would report to them for support.
Remisier works on a commission basis with the Stock Broker and is more like an agent for commission. They don't have access to the portals or terminals of the broker, and they do not have minimum targets.
| Geojit Finance Franchise Models | |
| Learn about the different Business Models offered by Geojit Finance | |
| Is there a Sub Broker model? | Yes |
| Are they able to refer people? | No |
| Are they able to offer Master Franchise Models? | Yes |
| Is this broker able to provide Remisier / Partner model? | Yes |
Geojit Finance Franchise Revenue sharing structure differs for each of the business models. As he acts as a broker, the Master Franchise receives the highest share. He gets between 70 and 80% of the revenue.
Geojit Finance Sub broker Commissions are around 50% to 70%. This model works independently and wholly with clients.
The Remisier receives the lowest share, i.e. 20% of revenue is generated by Remisier, who only handles customer relations. The company does all the backend work.
| Geojit Finance Sub-Broker Revenue Sharing | |
| Get the details of its Sub Broker Commission | |
| What revenue sharing is available for Sub Brokers? | 50%- 70% |
| Are they willing to pay for referrals? | NA |
| What is the estimated revenue sharing Franchise business? | 70% - 80% |
| What is the required revenue sharing for Partner model? | 20% |
As with the revenue sharing structure even the Geojit Finance Sub Broker Investment requirement could change according to the business models.
The Remisier is the one with the lowest obligation. He needs to pay Rs. You can start by paying 15000 security deposit.
The Sub-Broker must pay Rs. Between 50,000 and Rs. 150,000 for the initial security deposit in order to obtain his license.
However, the Master Franchise must pay the maximum cost of the Geojit Finance franchise cost, which is between Rs. 3Lac to 3Lac 5Lac also gets full access and control of the systems.
| Geojit Finance Franchise Security Deposit | |
| See the Geojit Finance Franchise Cost Requirements for each model | |
| What is the minimum security deposit for authorized person Program? | Rs.50,000 - R.150,000 |
| Referral Program: Is there a security deposit? | NA |
| What is the minimum investment for Master Franchise Model? | Rs.300,000.- Rs.500,000 |
| What deposit is required for the Partner Model? | Rs.15000 |
Geojit Finance offers its business partners a variety of schemes and offers to make sure they get value for their money.
Geojit Finance Sub Broker offers a flexible and transparent revenue sharing program.
They don't offer flat revenue sharing models and they also offer the Zero Revenue Sharing With Prepaid model. Each Mast franchise, Remisier and Sub broker can negotiate a fair deal on their commission percentages.
Geojit Finance Franchise also offers a 10K initial deposit option to anyone who is in financial need and wishes to get started immediately.
| Geojit Finance Sub-Broker Offers | |
| This is the list of Geojit Finance Franchise Offers for clients | |
| Are they able to offer a flexible revenue sharing program? | Yes |
| Do they offer Flat Revenue Sharing Offers? | No |
| Are they able to offer Prepaid payments and Zero Revenue Sharing? | No |
| Are they able to offer the Zero Deposit Scheme? | No |
| Is there a scheme for a 10k initial deposit? | Yes |
Geojit Finance is a very helpful organization. They believe in working closely to their business partners to help them grow.
They assist their Mast franchises and subbrokers in initial Product training, as well as ongoing training sessions that could include dealer trainings, acquisition trainings, etc.
Geojit Finance Partner Support System includes back office support and complete trading support.
They assist in marketing and campaigning by providing brochures, banners, hoardings and brochures to the Sub Brokers.
This type of support is provided by the Geojit Finance Franchise Support Framework.
| Geojit Finance Business Partnership Support | |
| These are the Support Geojit Finance Franchises that their clients need to offer. | |
| Are they able to offer Acquisition Training to their Associates? | Yes |
| Do they provide training for dealers of sub-brokers? | Yes |
| Do they offer Product Training to their business partners? | Yes |
| Are they able to provide back-office support for the authorized person? | Yes |
| Do they provide trading support to their business partners | Yes |
| Do they share Advisory Support? | No |
| Is marketing support provided by broking house to PARTNERS? | Yes |
Although a Remisier is not required to follow any of these infrastructure mandates, it is important for other business partners to comply with the Geojit Finance Sub Broker Infra Requirement.
A dedicated office space should be available for the Master franchise and sub-brokers. This project requires at least 2-3 employees to be able to operate the office.
Geojit Partner Requirements also include access to trading terminals, telephone lines, and internet connection. Although research services are not mandatory for partners, they can be provided.
| Geojit Financing Partner Infrastructure Requirement | |
| Learn the Infra to open a Geojit Finance Franchise | |
| How strong are the employees required to open this franchise? | Minimum 3 |
| Is it necessary for the partners to provide trading terminals? | Yes |
| Do I need to have an Internet Connection in order to buy a franchise? | Yes |
| Is it mandatory that business partners have telephone lines? | Yes |
| Is it compulsory to offer Research Services through Sub Brokers? | No |
| What is the minimum size of an Office Area to be a Sub-Broker? | Minimum 200 Sq Ft |
Geojit Finance has very strict criteria regarding the eligibility of its partners. Because they have three different business models, each one must meet a unique eligibility criteria.
Remisier A mandate is only for those with a 10+2 education. Experience and financial backing are not required.
Subbroker: Other than the minimum qualification, some work experience and knowledge of the stock market are required to be eligible for the Geojit Finance Subbroker Eligibility Criteria.
Master Franchisee: A Master Franchisee can have in-depth knowledge about the financial industry and stock markets. Geojit Finance Franchise Eligibility differs from the other models.
He should have previously worked for a broking company dealing with stock products.
The Geojit Finance Partner's charges are comparable to those of other players in the sector. They charge 0.030% for Equity Intraday and Futures transactions; 0.30% is charged for Equity Delivery and Currency Futures trades.
They charge Rs. 75 per lot, regardless of trade value. For Currency options they charge Rs. 15 per lot.
These are Geojit Finance Authorized Person Charges, which are good news to your customers because they know they won't be charged more than other investors.
| Geojit Financing Sub Broker - Fees for Brokerage to Clients | |
| These are the brokerage fees that Geojit Finance Sub Broker charges their clients | |
| What are Equity Intraday Charges? | 0.030% |
| What are the Equity Delivery fees? | 0.3% |
| What is the charge for Equity Options? | Rs.75 per lot |
| What are the Currency Options fees? | Rs.15 per lot |
| What are Equity Futures fees? | 0.030% |
| What are the charges for Currency Futures? | 0.030% |
| What are the charges for commodity trading? | NA |
Geojit Finance makes account opening easy. You can do it online and without visiting any branch. They charge Rs. They charge Rs. 350 for account opening fees, but the trading account AMC fee is free for life.
However, they charge an AMC fee of Rs. 400 per year towards Demat account maintenance. Trade transaction fees are very low when compared to other types of charges, i.e. 0.00311% of Total Turnover. These are just a few of the Geojit Finance Franchise fees.
| Geojit Finance Franchise: Account Opening Charges for Clients | |
| These are the account opening fees that Geojit Finance Franchise charges their clients | |
| What are the account opening charges? | Rs.350 |
| What is the Margin Money? | Rs.15,000 |
| What is the Demat AMC charge? | Rs.400 per Annum |
| How much do Trading AMC fees cost? | No cost |
| What are the Transaction Charges? | 0.00311% of Total Revenue |
To get an honest opinion on a product or service, customers look for customer ratings.
The Geojit Finance Franchise Rating can also help you decide if this is the right option for you.
The overall rating for this company is 3.2, compared to 5. They are rated 3.3 for their revenue sharing model and offers and 3.2 for security deposits.
Their maximum rating for mobile apps and trading platforms is 3.5 out of 5. They have a rating of 3.5 out 5 which indicates that traders find value in trading tools.
| Geojit Finance Franchise Ratings | |
| Client Ratings and Reviews against multiple parameters of Geojit Finance | |
| Based on the Revenue Sharing Model of Franchisor | 3.3 / 5. |
| Ratings based on the security deposit provided by the company | 3.2 / 5. |
| Based on Experience in the Sub-Broker Business | 3.1 / 5. |
| According to the Broking Franchise Offers | 3.3 / 5. |
| Ratings for Mobile Trading Apps & Trading Platforms | 3.5 / 5. |
| Ratings for the Sub-Broker Franchise | 3.2 / 5. |
| Star Ratings |
If you are interested in becoming a Sub-Broker, Geojit Finance Franchise is something you should look into. You have more options to choose from from each of the three business models offered by Geojit Finance.
It is a growing company, and the Geojit Finance Sub-Broker program will be of great benefit to anyone.
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