ICICI Direct Franchise : All Details regarding Sub-brokership, Sharing Percentage, Security Deposit, and Other details

Talking about the ICICI Direct Franchise, it is a part of the ICICI Group. Since its inception, the group has served a variety of clients. Their dominance in the financial sector is well-known.

The financial franchise division of the group is represented by the franchiser. Since 1994, they have teamed up with some very good partners to provide services for clients.

They have helped clients achieve huge ROIs together with their partners. Their activities as financial franchisers will be our primary concern. We'll also review the ICICI Direct Sub-Broker Program based upon multiple factors.

WHAT DO YOU KNOW ABOUT ICICI DIRECT FRANCHISE?

Mumbai, Maharashtra is the home of ICICI Direct Franchise. Their founder, MK Sharma, is the main reason they exist.

Since 1994, they have been serving different clients. They have been developing their services since the beginning.

They take 14 days to activate sub-broker codes as a financial franchiser. They even take 30 days for partners to pay their dues.

WHAT ARE THE VARIOUS BUSINESS MODELS THAT ICICI DIRECT SUB BROKER PROGRAM PROVIDES?

Since 1994, ICICI Direct Franchise has been a leader in financial planning and advisory. They have a lot of industry experience. They have also gained enough insight into the industry's behavior.

They grant their partners, two business models. These are the ICICI Direct sub-broker model and the remisier model. Both models are different in their utility. They even cater to different client types.

• Sub Broker / Authorised Person
• Partner Program / Remisier

ICICI DIRECT BROKER / AUTHORISED PERSON

Sub-broker models require a higher initial investment. This model requires more business infrastructure and a larger security deposit. It offers higher commission rates than the remisier model.

ICICI DIRECT PARTNERPROGRAM / REMISIER

However, the remisier model does not require infrastructure. The required security deposit for the remisier model is lower than that of the sub-brokers. This allows partners to take control of their actions. We mean individuals.

HOW DOES ICICI DIRECT SUB-BROKER REVENUE SHARING WORK?

ICICI Direct makes distinctions in revenue sharing. They have categorized the commission models according to the business models.

There are also differences between arrangements. These agreements are made between the franchisor and the partners.

Sub-brokers receive a 50-75% commission from ICICI Direct through revenue sharing. This is not all. Based on the arrangements, remisiers can earn a 30-75% commission.

WHAT IS THE ICICI DIRECT BUSINESS PARTNER SECURITY DEPOSIT REQUIREMENT?

ICICI Direct has established rules for business partners. This includes investments. A security deposit is included in the first set of ICICI Direct sub-broker investments.

Sub brokers must pay a deposit between Rs.75,000 and Rs.2000,000. The sub-brokers must pay a deposit of Rs.75,000-2,00,000.

WHAT ARE THE VARIOUS OFFERS ROLLED OUT BY ICICI DIRECT AUTHORISED PERSON PROGRAM?

ICICI Direct Franchise provides support for their partners. They offer certain benefits that directly impact your business.

Franchisers do not offer many opportunities. They only offer flexible revenue sharing to clients.

WHAT ARE THE VARIOUS SUPPORTS PROVIDED TO ICICI DIRECT BUSINESS PARTNERS?

Franchisers understand the importance of providing proper guidance. They always give their supervision to partners. The supervision is accompanied by a few support programs.

These programs make it easier for partners to start businesses. They even help partners to succeed. Thus, ICICI Direct franchise support includes: -

• Product Training
• Back Office Support
• Advisory Support
• Support for trading
• Marketing Support

WHICH IS THE INFRASTRUCTURE REQUIRED FOR THE ICICI DIRECT SUB BROKER PROGRAM?

ICICI Direct also requires that you have a specific business infrastructure. These infrastructures do not have to be built by the remisiers.

They are not mandatory for sub-brokers. These infrastructures allow partners to carry out their daily business activities. These infrastructures also ensure that the franchiser's business integrity is maintained.

ICICI Direct Sub Broker Infra Requirements include: -

• Sub brokers should have their own offices. The office must be 300 sq. ft. At least 3 feet.
• Sub brokers are responsible for recruiting proactive staff. They must be well-trained in industry tasks. The minimum staff size is five people.
• Sub brokers are responsible for establishing an active internet connection. It must be strong enough for simultaneous online trades. It must also be able to support continuous, uninterrupted communication.
• Sub brokers should have a working telephone line. This is necessary for certain trades-over-call. It also supports communications.
• Sub-brokers are expected to provide their own research services.

WHAT ARE THE ELIGIBILITY CRITERIA TO BECOME ICICI DIRECT PARTNER?

To become an ICICI Direct partner, there are some rules that you must follow. This is the eligibility criteria that unifies all aspects of the selection process.

These criteria ensure that selected partners are able to keep up with the franchiser's business activities. These are the eligibility criteria for ICICI Direct franchises:

• The partners must be at least 21 years old to register. During registration, the partners must present a valid certificate proving their age.
• The partners must have certain certifications. The most important certification is the one from SEBI. This allows the partners to start their own business without any restrictions.
• The partners must have some educational background. A degree in intermediation would suffice. The franchiser prefers applicants with a bachelor's or higher degree.
• Partners must have some experience. This is 2 years of consecutive experience in stock trading or planning.

WHAT ARE THE BROKERAGE CHARGES LEVIED TO THE CLIENTS OF ICICI DIRECT PARTNERS?

ICICI Direct has some restrictions regarding charging clients. They have created a unique list of fees to be incurred.

Partners must not impose additional charges on clients beyond the stated charges. ICICI Direct charges for partners are:

• All types of equity intraday trading services are available at a rate of 03-0.05%
• All types of equity delivery trading services are granted at 55%
• 35-95 per lot to grant equity options trading services.
• 10-35 to grant currency options trading services.
• All types of equity futures trading services are available at 03-0.05%
• All types of currency futures trading services are available at 03-0.05%

WHAT ARE THE ACCOUNT OPENING CHARGES LEVIED TO THE CLIENTS OF ICICI DIRECT SUB-BROKER?

The partners are able to regulate even ICICI Direct franchise fees. This ensures clients receive equal treatment from all of their partners. This is the list:

• Clients are not allowed to charge anything for account opening.
• The client must pay Rs. 500 per year for Demat AMC
• Clients must pay Rs. For Trading AMC, the client must pay Rs. 975 annually
• Transactions made by clients will be subject to a 0.002800% charge.

WHAT ARE THE CUSTOMER RATINGS OF THE ICICI DIRECT AUTHORISED PERSON PROGRAM?

The chart above shows ICICI Direct franchise ratings. The franchiser has been rated on five main categories. Each category is rated from 1 to 5.

Here's what the franchiser did: -They received

• They have a revenue-sharing strategy of 3.0/5
• 2.5/5 for security deposit requirements.
• They were awarded 3.5/5 stars for their experiences.
• They offer 2.5/5 stars for their offers.
• They use 3.6/5 trading platforms.
• They have received 3.23/5 overall as a financial franchisor.

ICICI DIRECT FRANCHISE CONCLUSION

We would say you can trust ICICI Direct as a franchisor. They actually rate higher than the average franchiser. You can therefore trust our verdict.

FOR ICICI DIRECT FRANCHISE

CONTACT: +917410000494