HDFC Sky Franchise or Sub Broker or Partner Business – Cost, Commission & more

The stock market is booming, and many people consider it a lucrative opportunity to join the sub-broker business. While many big names surface in the industry, the HDFC SKY Franchise has vast potential.

With impressive commissions and unwavering support for its partners, it creates waves in the finance industry. Also, as an HDFC SKY Sub Broker, one can learn much about the stock market and make a promising career.

The HDFC SKY franchise business is designed to attract the attention of modern traders. Thanks to its unique traits, the platform is immensely popular among traders and business buffs.

With numerous trading products under their belt, the sub-brokers have a great opportunity to turn the tables. The HDFC SKY Partner Business uses cutting-edge technology and has the potential to surpass competitors by offering efficient solutions to clients.

With only 100+ sub-brokers working for it now, there is excellent scope for the new sub-brokers to join and exhibit their business skills.

Also, with continuous guidance from the dedicated team at HDFC SKY, it is easy to build a successful business in no time. So, without further delay, please read the article and find out what HDFC SKY offers its sub-brokers.

As a Subbroker, the person should know the commission they earn through the business. At present, HDFC SKY is offering around 50% to 60% commission on the total earnings to its subbrokers.

Besides, it also provides Rs.250 per client acquisition. In short, the more active clients trade on the HDFC SKY platform, the more commission they earn.

The partners must note that the HDFC SKY Sub Broker Commission disclosed here is not standard and can undergo changes with market fluctuations.

Before starting the sub-broker business with HDFC SKY, knowing its franchise cost or investment in detail is essential. According to the firm, the current security deposit is Rs.50,000.

Also, it has exchange charges of Rs.3000. Besides, there are expenses to maintain the office, infrastructure, and employees, if any. On average, the monthly costs account for Rs.40,000 to Rs.55,000.

The HDFC SKY Franchise Cost is approximately Rs.50,000 for office expenses, and the other two are one-time deposits.

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HDFC SKY offers very decent profits to its sub-brokers. This business profits more if the sub-broker can onboard more active clients. Let’s look at an example to better understand the HDFC SKY Sub Broker Profits.

Suppose there are 640 clients, and only 200 are active among them. The average commission per active client is Rs. 1,100. Here, the total brokerage becomes Rs.2,20,000.

From this, the sub-broker’s share is 1,32,000. If the partner manages to acquire 50 new clients, the client acquisition income becomes Rs.12,500.

So, the sub-broker’s gross profit is Rs.1,44,500. Deduct the total expenses of Rs.55,000. Therefore, the sub-broker’s net profit becomes Rs. 89,500.

Any business owner would like to know the return on investment before starting a business. HDFC SKY returns take three months.

Partners who are OK with the HDFC SKY Franchise Returns period can join the stockbroker and start offering their services as sub-brokers.

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All HDFC SKY sub-brokers will have access to the dashboard. The official HDFC SKY Franchise Dashboard link is mailed to the partner.

The link allows the partner to log in to the dashboard and use its features anytime. The dashboard helps the sub-brokers effortlessly understand and review their business. It also allows them to track their clients and earnings in one place.

By becoming an HDFC SKY Partner, you can access the dashboard and its features. Let’s explore the HDFC SKY Partner Dashboard features in this section.

• HDFC SKY has numerous features, including brokerage mapping, which is a popular one.
• On the dashboard, the partners can change the brokerage manually.
• Moreover, the dashboard contains leads and client acquisition reports.
• Also, there is a client portfolio report and monthly payout report available.
• The dashboard also contains a lead addition link through which the partners can add leads.
• Furthermore, manual lead addition is available on the platform.
• The stock broker’s dashboard also has lead stage info and lead info backend change features.
• But, lead deletion is not available on the platform.

HDFC SKY Sub Broker Login

To log in to the HDFC SKY website as an official sub-broker, you must first register with the firm. Only registered candidates will get the sub-broker code.

The support team also sends an official mail containing the login credentials. The person must keep HDFC SKY Sub Broker Login details safe and secure. The dashboard login can help the partners access many features the firm offers.

The HDFC SKY Authorised Person must learn about the office requirements before enrolling in the sub-brokership program.

• If you want to set up an office, it should be at least 150-200 sq. ft.
• The office must have at least one employee to oversee the operations.
• A dealer terminal is mandatory to have in the office.
• Also, a mobile or telephone is a must-have.
• There should be at least one laptop or computer in the office.
• But CCTV, reception, and manager cabin are entirely optional.

The sub-brokers receive immense support from the HDFC SKY Sub Brokership program.

• The firm assigns a dedicated relationship manager to each sub-broker.
• Also, the firm provides dealer training to its partners.
• Moreover, the stockbroker gives training on products and client acquisition.
• To help partners understand market trends and make informed financial decisions, the firm offers advisory support.
• Furthermore, it provides back-office and marketing support to its partners.
• But there is no support for webinars.

The HDFC SKY partner is liable to receive attractive offers throughout the association. Check out the HDFC SKY Partner Offers below.

• The first and foremost thing HDFC SKY offers its partners is its attractive commission, above 50%.
• Also, the firm offers free advisory services to its partners to let them grow.
• But, the broking bouse does not offer zero investment or delivery trading.
• Above all, there are no flat or 1st month-free brokerage charges at HDFC SKY.

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As an HDFC SKY Sub Broker Franchise owner, you can have your hands on many products.

• The firm offers popular products like equity, derivatives, commodity, and currency.
• Partners can find clients interested in mutual funds and sell them via HDFC SKY.
• Moreover, the firm also offers PMS or PCG services.
• Partners looking for IPOs/FPOs/NCDs can join HDFC SKY.
• Also, the broking house has insurance and loan products available.
• However, HDFC SKY does not have foreign stock in its product range.

How to Become an HDFC SKY Sub Broker?

To Become an HDFC SKY Sub Broker, you must meet the eligibility set by the firm. Here, we look at the steps to become an HDFC SKY Sub Broker.

• First, get the NISM certification, which is mandatory to become a sub-broker.
• Second, apply for sub-broker registration with HDFC SKY.
• Third, submit the necessary documents.
• Fourth, pay the one-time security deposit and exchange fees.
• Fifth, open an account with the brokerage house.
• That’s it! After thorough verification, you will get your sub-broker code and dashboard login credentials.

You can now start selling HDFC SKY products and services as an official sub-broker of the firm and earn a commission.

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Benefits of HDFC SKY Sub Broker Business

Let’s check the benefits of joining the HDFC SKY Sub Brokership program.

• Firstly, the income, which combines the commission and the client acquisition amount, is relatively high.
• Secondly, the firm offers fantastic support to its partners regarding product training, advisory, back office, etc.
• HDFC is a popular name in the finance industry, and it would be a boon to associate with it as a sub-broker.
• The product range of HDFC SKY is vast, and the partner can onboard diverse clients.

Drawbacks of HDFC SKY Franchise

Here are some of the drawbacks of owning an HDFC SKY Franchise.

• For beginners, the breakeven time of 3 months could be too long.
• Also, the one-time security deposit of Rs.50,000 could be expensive.
• Not conducting webinars to train the partners on market trends and products is a con.
• Moreover, the firm does not offer brokerage on loss-making trades.
• Lastly, there is no free delivery trading at HDFC SKY.

HDFC SKY Partner or Sub Broker – Conclusion

It has been only a couple of years since HDFC launched HDFC SKY and started its operations in the sub-brokership business. Yet, it became a trustworthy name in the stock broking industry.

With its firm brand name and exceptional services, it has gained much popularity. Additionally, its diverse product range and attractive commissions have contributed significantly to the success of its franchise business.

If you’re considering becoming an HDFC SKY Partner, now is the perfect time to decide.

FAQs on HDFC SKY Authorised Person

Take a look at some of the frequently asked questions in this section.

Is HDFC SKY Sub Brokership Profitable?

It is profitable for those willing to start a career in a sub-broker business. Moreover, with good communication skills, one can onboard more clients and earn a good income.

What is the HDFC SKY Sub Broker Commission?

HDFC SKY offers its sub-brokers a handsome commission, ranging from 50% to 60%, which is considered one of the best in the stock broking industry.

How many sub-brokers does HDFC SKY have?

HDFC SKY founded the sub-broker business in 2023; currently, it has only 100+ sub-brokers working under it.

What is the HDFC SKY Franchise Cost?

The HDFC Sky franchise cost is affordable. It requires a one-time security deposit of Rs.50,000, Rs. 3000 in exchange charges and office expenses of Rs.40,000 to Rs.55,000.

Does the HDFC SKY Franchise provide Backoffice?

Yes, HDFC Sky has back-office support for its sub-brokers. With the firm’s backing, the sub-brokers can stay stress-free about delivering the best services to the clients.

What is the Eligibility for HDFC SKY AP?

The candidate must be at least 21 years of age. Also, he must be an Indian national with a graduation degree. Furthermore, NISM certification is compulsory.

How do you close the HDFC SKY sub-broker business?

To close the HDFC SKY sub-broker business, contact the firm’s support desk. Also, you need to close the agreement and clear the client’s dues.

How to Convert HDFC SKY Partner to Sub Broker?

To convert HDFC SKY Partner to a sub-broker, the partner must inform the firm about the decision. The firm then asks the partner to submit certain documents and issues a sub-broker code, after which the partner can start offering services as a sub-broker.

What is the expected income as HDFC SKY AP?

The authorised person at HDFC SKY can make a decent profit every month. His net profit is roughly Rs.89,500 monthly.

Does HDFC SKY Franchise provide Support?

Yes, the HDFC SKY franchise offers the best support for its partners. It provides support in areas such as dedicated RM, acquisition, product training, advisory, etc.