We've got you covered
We are here to guide you in making tough decisions with your hard earned money. Drop us your details and we will reach you for a free one on one discussion with our experts.
or
Call us on: +917410000494
The article below provides insight into the JM Financial Franchise.
If you're interested in becoming a JM Financial Sub-Broker, this is something to not miss. This article will answer most of your questions.
You will find all the information you need to sign up with JM Financial. This includes the documents required, eligibility criteria, and the percentage of dividend share.
| JM Financial Sub-Broker Highlight | |
| Top Business Model | Sub Broker |
| Minimum Initial Investment | Rs.50,000 to Rs.300,000. |
| Revenue sharing | 50%- 70% |
| Payout Time | 40 days |
| Time to activate the SB Code | 20 days |
JM Financial, a consummated Public Full Service Broker, began its operations in India in 1986. This company was founded by Mr Nimesh Kampani, the founder father of the company. It is located in Mumbai, Maharashtra, in the city of dreams (Bombay back then).
They are an explicit and equitable organisation, so you should consider joining them as an Accredited JM Financial Franchise.
The payment process is straightforward. It takes approximately a month and ten working days to send the paychecks. It is easy to get into JM Financial. You will be activated after 20 days.
| JM Financial Partner Overview | |
| This is an overview of JM Financial's 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? | Mumbai, Maharashtra |
| Who is the founder? | Nimesh Kampani |
| What year was it established? | 1986 |
| How long does it take to activate the SB Code? | 20 days |
| What is the time it takes to get paid? | 40 days |
All you have to do in order to become part of JM Financial is to follow a simple process. Many organisations follow a straightforward process. Their business models are simple.
They can only function in one model, which is the Sub Broker model or the Master Franchise model. You can become a JM Financial Sub Broker or JM Financial Master Franchise without having to be a remisier.
You can trade directly for your customers as a JM Financial Subbroker.
The Sub Broker represents the company directly to the stockholders.
A Master Franchise agreement with JM Financial transfers the authority to the franchisors within a limited region to an entity, or person.
He usually allows the permit to be granted to the Master Franchisee or Subfransor.
| JM Financial Franchise Models | |
| Learn about the different Business Models of JM Financial | |
| Is there a Sub Broker model? | Yes |
| Are they able to refer people? | No |
| Do they able to offer Master Franchise Models? | Yes |
| Is this broker able to provide Remisier model? | No |
JM Financial's revenue sharing model is extremely concise and clearly defined. As mentioned, they have two sub-broker models. The revenue percentage is not limited. They are able to recognize the efforts of their business partners, and offer them maximum licit share.
Associating with them would result in a JM Financial Sub Broker Commission of 50 to 70% and a JM Financial Master Franchise Commission of 70 to 80 percent.
You could earn a larger share of the revenue if you can assure them of higher proceeds generation or a substantial business quantum.
| JM Financial Sub-Broker Revenue Sharing | |
| Get the details about JM Financial Sub Broker Commission on all Business Models | |
| Revenue sharing is available for Sub Brokers? | 50%- 70% |
| Do they pay direct or revenue sharing for the Referral Program? | NA |
| Estimated revenue sharing Master Franchise business? | 70% - 80% |
| Rvenue sharing for Partner/Remisier models? | NA |
The JM Financial cost is lower than other market competitors due to its Sub Broker model. As a one-time security deposit, some companies may charge up to Rs.5 Lakhs.
Your total JM Financial Sub Broker Investment will be between Rs.50000 and Rs.300000, but your JM Financial Master Franchise Investment will range from Rs.300000 up to Rs.500000.
There is a strange reason for the inconsistency in security deposit amounts. You can easily settle for a small investment if your business is established or you have strong clients.
| JM Financial Security Deposit | |
| Review the JM Financial franchise cost requirements for each model | |
| Minimum security deposit for Sub Broker Program? | From Rs.50,000 to Rs.300,000. |
| Referral Program: Is there a security deposit? | NA |
| Minimum investment for Master Franchise Model? | Rs.300,000.- Rs.500,000 |
| Deposit is required for Partner Model? | NA |
It's good to know that there are many JM Financial Sub-Broker Offers available to you if you sign up. The company offers both flexible revenue sharing and zero revenue sharing with prepaid.
Other options such as Flat Revenue Sharing, Zero Deposit, and 10k Initial Deposit are not available in the Jm Financial Franchise Offerings.
| JM Financial Sub Broker offers | |
| This is the list of JM Financial Franchise Offers available to clients | |
| Are they able to offer flexible revenue sharing? | Yes |
| Do they offer Flat Revenue Sharing? | No |
| do they give zero revenue sharing model and prepaid payments? | Yes |
| Are they offering a Zero Deposit Scheme? | No |
| Do they offer a 10k Initial Deposit Scheme? | No |
As a business associate you can undoubtedly consider the JM Financial Franchise Support as a great resource. You won't get any training in the areas of Dealing, Acquisition, or Product.
You have to do this yourself. You get complete Back Office support along with Advisory and Marketing support.
| JM Financial Partner Support | |
| These are the Support JM Financial Franchise must provide to their clients | |
| Are they able to offer Acquisition Training to their Associates? | No |
| provide training for dealers of sub-brokers? | No |
| Do they offer Product Training to their business partners? | No |
| provide back-office support for the authorised person? | Yes |
| Do they provide trading support to their business partners | Yes |
| Do they share Advisory Support? | Yes |
| any marketing support provided by the broking house to sub-brokers? | Yes |
When it comes to infrastructure, the JM Financial Partner Requirement is pragmatic and traditional. They do not make extravagant assumptions about their partners in order to maintain high-quality infrastructure.
Your company requires you to manage a small office space of approximately 300 square feet for the operation of the business. There will be around three employees to assist in the business.
Other items that are part of the JM Financial Subbroker Infra Requirement include trading terminals, internet connection, telephone lines, and access to research services within the office.
| JM Financial Partner Infrastructure Requirement | |
| Learn the Infra to get a JM Financial Franchise | |
| How strong are the employees required to open this franchise? | Minimum 3 |
| Is it compulsory for the Sub Broker to provide trading terminals? | Yes |
| Do I need to sign up for a franchise through the Internet Connection? | Yes |
| Is it mandatory that business partners have telephone lines? | Yes |
| Is it compulsory to offer Research Services through Sub Brokers? | Yes |
| What size office area is required to become a sub-broker? | Minimum 300 Sq Ft |
They are almost identical to any other broker. You also have your JM Financial Sub Broker Eligibility which you must have in order to become a sub-broker. They seek candidates with high morality and zeal for equity.
This person should have a good understanding of risk management, regulatory environment, and most importantly stock markets.
They should also have a strong reputation and a proven track record in the financial services market.
Minimum 3 years experience is required in the selling of financials, such as sub-broker, Remiser or Mutual Fund broker.
They could be an Insurance Advisor or Distributor or a Financial Planner, or just an employee of an existing Sub-Broker/Broker.
JM Financial Franchise Eligibility is for anyone who is interested in investing in people or infrastructure.
You can boast about the fact that JM Financial Partner charges are the lowest in the industry for brokerage fees. Your customers will be charged between 0.05 and 0.15 percent of the transaction value, just like Equity Intraday.
For Equity Delivery, there is a charge of between 0.5% and 0.15 percent. They charge only 0.05% to 0.015 percent for Equity Futures and Currency Features.
Finally, regardless of trade value, both Equity Options as well as Currency Options charge Rs.20 to R.75 per lot.
You will see that the JM Financial Authorised Person Fees are lower than those of other organizations and are a smart way for more customers to be attracted to them.
| JM Financial Sub-Broker - Brokerage Fees to Clients | |
| These are the brokerage fees that JM Financial Sub Broker charges their clients | |
| What are Equity Intraday Charges? | 0.05% -0.015% |
| What are the Equity Delivery fees? | 0.5% - 0.1% |
| What is the charge for Equity Options? | Rs.75 - Rs.20 per Lot |
| What are the Currency Options fees? | Rs.75 - Rs.20 per Lot |
| What are Equity Futures fees? | 0.05% -0.015% |
| What are the charges for Currency Futures? | 0.05% -0.015% |
| What are the charges for commodity trading? | NA |
The process of opening an account at JM Financial is another way to reduce worry. The JM Financial Franchise Fees will only apply to your clients.
To open an account for Trading or Demat, there is a Rs 799 charge. However, customers who wish to maintain their Demat account will be charged Rs.299 per year.
A transaction fee of 0.00325 percent remains. The Margin amount is Rs.15000 and is refundable.
This information will give you an idea of how your customers will be charged according to the JM Financial Subbroker Charges. You can rest assured that no additional charges will be imposed on them.
| JM Financial Franchise-Account Opening Charges for Clients | |
| These are the account opening fees that JM Financial Franchise charges their clients | |
| What are the account opening charges? | Rs.799 |
| What is the Margin Money? | Minimum Rs.15,000 |
| What is the Demat AMC charge? | Rs.299 |
| How much do Trading AMC fees cost? | No cost |
| What are the Transaction Charges? | 0.00325% |
The JM Financial Portfolio Sub Broker Review, as well as the ratings of customers, can provide honest and candid feedback that could help you make a decision.
The Revenue Sharing Model scores a 2.9 from 5, while the security deposit receives a 3.0 out of 5. The experience is rated 2.9. Their offer scores a remarkable 2.7. Mobile apps and trading platforms score 2.9.
This results in JM Financial's overall rating of 3 out 5.
| JM Financial Franchise Customer Reviews | |
| Client Ratings and Reviews against multiple parameters of JM Financial | |
| Based on the Revenue Sharing Model of Franchiser | 2.9 / 5. |
| Ratings based on the security deposit provided by the company | 3.0 / 5. |
| Based on Experience in the Sub-Broker Business | 2.9 / 5. |
| According to the Broking Franchise Offers | 2.7 / 5. |
| Ratings for Mobile Trading Apps & Trading Platforms | 2.9 / 5. |
| Sub-Broker Franchise Ratings | 2.9 / 5. |
| Star Ratings |
The JM Financial Franchise is a great business opportunity if you are looking to start a stock brokerage agency and make good money.
You will be able to take your business to new heights by using the company's strategies, facilities, and methods.
Open a demat account through us and get the account opening charges waived off
open paperless account
