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

Sharekhan Franchise was the pioneer in many financial trading revolutions across India. They were instrumental in introducing online trading to India.

This is just the cherry on top. They've been involved in many financial transitions. They are known for their unconventional methods. We can confidently say that they are at the zenith.

We won't be focusing too much on their current success. We will, in fact, highlight their strategies as financial franchisers. We'll also do this with the aid of a thorough evaluation.

WHAT DO YOU KNOW ABOUT SHAREKHAN FRANCHISE?

Jaideep Arora, their founder, founded Sharekhan Franchise in 2000. Since then, they have been a full-service financial brokerage. They have also bifurcated the business to become a financial franchise.

They are India's largest financial franchiser. This is where we have our greatest interest for this article. Sharekhan is based in Mumbai (Maharashtra) and operates their headquarters. Over the past 19 years, they have experienced tremendous growth.

They've also served a wide range of clients. They are a financial franchiser and require 15 days to activate a Sub Broker's Code. For their partners to clear dues, they need 33 days.

WHAT ARE THE VARIOUS BUSINESS MODELS SHAREKHAN SUB BROKER PROGRAM PROVIDES FOR?

Sharekhan Franchise has been in this industry almost twenty years. They have seen both the best and worst of the industry. They've still managed to achieve their goals. Their will to survive is a large part of this credit. This will be due to their experience.

They prefer to retain control. They grant business partners only one business model. This is the Sharekhan sub-broker model.

• Sub Broker / Authorised Person

SHAREKHAN / AUTHORISED PERSON

This is only one type of partner. The franchise is fine with this. This allows partners to offer all services for franchisers on their behalf.

Clients can even be granted additional perks. These perks could include service charge discounts and additional benefits.

They also help clients retain their business with ease. This model doesn't grant you area-wise business authority.

Multiple sub-brokers can operate within the same geographic area. The franchiser receives high commission rates, which is a plus.

HOW DOES SHAREKHAN SUB BROKER REVENUE SHARING WORK?

The requirements for specific categories in partners are well known to the franchiser. They grant different commission rates to different partners.

The security deposit is what sets the parameters for the difference. The commission rate for Sharekhan franchise revenue sharing grants is between 50-75%.

WHAT IS THE SHAREKHAN BUSINESS PARTNER SECURITY DEPOSIT REQUIREMENT?

To get business rights, Sharekhan Franchise partners will need to pay a set amount. This is the Sharekhan Franchise cost.

This may also be called the security deposit. This deposit is the foundation upon which partners can be categorized.

These categories also determine their commission rates. The security deposit amount ranges from Rs.70,000 to Rs. 1,00,000.

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

Many franchisees offer business offers to their partners. These business offers allow partners to set up their businesses. These offers can be relied on for rapid growth.

There aren't many Sharekhan Franchise opportunities for partners. The franchiser grants the only offer. This is the flexible revenue sharing model.

WHAT ARE THE MANY SUPPORTS FOR SHAREKHAN PARTNERS?

Franchisers have an open heart for their partners. They understand how even the smallest amount of support can make a big difference. They apply it in every aspect of their business.

This is why the Sharekhan franchise support initiates list is so large. It includes:

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

WHICH IS THE INFRASTRUCTURE REQUIRED FOR SHAREKHAN SUB BROKER PROGRAM?

Sharekhan has strict requirements for business establishment. These requirements include eligibility from partners, infra and investment.

They require certain business infrastructure establishments from all their partners, The Sharekhan sub-broker infra requirements listing is:

• Recruitment of certain employees. Sharekhan requires that all partners have at least three employees. All partners must have at least three employees. This is a requirement for all partners.
• Certain office areas can be owned. This is necessary to create the business-related infrastructure. Minimum 150 square feet is required for an office. 175 sq.
• Establishment of certain trading terminals. The terminal should add value to the office infrastructure. They must therefore be constructed according to industry standards.
• Establishment of a working telephone number. This is necessary for communication purposes.
• Establishment of an internet connection. This is necessary to allow for multiple online trades. This must be able to support multiple trades simultaneously and communicate with other parties.

WHAT ARE THE ELIGIBILITY CRITERIA TO BECOME SHAREKHAN PARTNER?

As mentioned before, Sharekhan has strict rules for partners. These rules also apply to the selection process for partners. They do an excellent job helping Sharkhan choose the best.

This means that all partners must adhere to certain norms. Before they can enroll, they must meet the eligibility criteria. Here's how the Sharekhan franchise eligibility criteria looks:

• Only 21-year-olds and over are permitted to register. Applicants must show proof of age during registration.
• Only those with certain educational backgrounds are permitted to register. Partners must have at least an intermediate's degree. Partners with a bachelor's degree will be preferred.
• Only those with at least 2 years experience may register. An applicant must show proof of their financial services experience.
• Only SEBI-issued certificates are permitted to be registered. This permits the partners to freely and legally act.

WHAT IS THE BROKERAGE CHARGES LEVIED TO THE CLIENTS OF SHAREKHAN FRANCHISE?

The service fees for Sharekhan franchise are simple but very strict. These rules apply to all partners.

They preserve the integrity of their business networks. These allow clients to be treated equally. Here is the Sharekhan Partner Charges List:

• Clients must pay 0.10% equity per day.
• Equity delivery must be paid by clients at a rate of 0.50%
• Clients must pay Rs. 100 per lot to purchase equity options
• Ts. must be paid by clients For currency options, clients must pay Ts.
• Equity futures must be paid 0.1% by clients
• Currency futures transactions must be paid at 0.10% to clients.
• Clients must pay 0.1% for the commodity.

WHAT IS THE ACCOUNT OPENING CHARGES LEVIED TO THE CLIENTS OF SHAREKHAN SUB BROKER?

For the benefit of Sharekhan partners, franchise fees must also be regulated. These are the charges that they must make to clients:

• Account opening is free of charge.
• Margin money balances of at least Rs. A minimum of Rs. 5,000 in margin money must be maintained.
• The Demat AMC will be charged at Rs. 300 per annum
• The Trading AMC is free.
• Transaction fees are limited to 0.00275%

WHAT IS THE CUSTOMER RATINGS OF SHAREKHAN AUTHORISED PERSON PROGRAM?

Below are the ratings for Sharekhan franchises as shown in the chart:

• For revenue sharing, 3.60/5
• Security deposit requirements: 3.50/5
• Experience at 4.00/5
• Offers: 4.00/5
• 3.80/5 on their trading platforms.
• Their overall performance is 3.71/5

SHAREKHAN FRANCHISE CONCLUSION

Sharekhan Franchise is reliable. We can only conclude.

FOR SHAREKHAN FRANCHISE:

Contact: +917410000494