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

You are attracted towards the sub-brokership business because it’s much more hassle-free than becoming a broker. Thus, you strive to join hands with a trusted brand.

To fulfil both of your wishes, consider trusting the IIFL Franchise program.

Wondering how it can benefit you to become an IIFL Sub Broker? What is the eligibility or application criteria? Can you earn a steady income by starting this business? What will be your expenses?

This sub-brokership franchise review will answer all these questions and more.

IIFL, or India Infoline Finance Limited, is ranked among acclaimed players in the stock broking sector. Since 1995, the company has opened millions of accounts to serve a diverse client base. To increase the number of accounts, the firm created the IIFL Partner Business opportunity.

Sub-brokers look for potential clients and then persuade them to open an account with the broker and trade in their products. Multiple products, such as equity, IPO, F&O, currency, mutual funds, derivatives, and more, allow partners to make appealing sales pitches.

Moreover, the organisation provides acquisition, research, marketing, and advisory support to help sub-brokers scale up their business sooner. They also care for their partners financially by sharing 60% to 75% of their revenue.

So, how is the broker’s revenue-sharing model curated? What different forms of revenue do it entail for sub-brokers?

Its revenue-sharing model comprises the IIFL Securities Sub Broker Commission and a bonus in client acquisition income. If sub-brokers work diligently, they are entitled to a minimum of 60% commission. They can earn more than 60% commission (up to 75%) by opening more accounts.

When they bring a new customer to the organisation, partners are given a bonus of Rs. 200. Furthermore, their payout period is 30 days.

Like every venture, a sub-brokership business requires some working capital as an investment. The IIFL Securities Franchise Cost model includes three main expenses: security deposit, exchange fees, and office expenditures.

When considering working as a sub-broker, you should have a budget of approximately Rs. 93,000 to Rs. 1,63,000. Out of this budget, about 50k to 1 lakh Rupees will be spent on paying security deposit.

Your exchange fees can cost you Rs. 3,000. The remaining amount, i.e., between 40k and 60k Rupees, will go to your monthly office expenses.

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What are the estimated IIFL Sub Broker Profits? This section will explain to you how much profit you are likely to make with the help of an example:

Suppose 800 clients opened an account with IIFL under your sub-brokership franchise. However, only 250 clients are reported to invest or trade actively. And a sub-broker is paid Rs. 1,100 as an average commission for every active client.

After all this calculation, the firm’s total brokerage was 2,75,000 INR. Assuming the firm shares 70% of its revenue with its partners, your share will be Rs.1,92,500.

You attracted 50 more new investors, helping you earn an additional amount of 10k INR. Therefore, your gross profit will be Rs. 2,02,500. After incurring 60k INR expenses, your net profit will be 1,42,500 INR. It makes your net profit margin 50%.

With a lucrative commission and client acquisition bonus, you surely can secure good returns on your initial investment in the sub-brokership business.

But the question is, when can you enjoy these returns? The timeframe for earning the IIFL Franchise Returns is three months after joining the company as a partner.

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The key highlight of the IIFL Securities Franchise Dashboard is that sub-brokers can access it via web and app platforms. The firm’s dashboard for its partners features many helpful tabs, from leads reports to brokerage mapping, that make client and business management efficient.

Clicking the link on this page and providing your login details is the shortcut to the sub-brokership dashboard.

Delve into this section to know what features the IIFL Securities Partner Dashboard extends:

• Have you found some new leads? You can add them to your leads list using the ‘manual lead addition’ or ‘lead addition link.’
• Is your lead in the client conversion stage? Check it by accessing the ‘lead stage info’ tab.
• You have activated some clients’ accounts. Check their progress via ‘client activation report.’
• Is there any change in the brokerage amount? How much brokerage does the firm earn via your clients? Track or change brokerage via ‘brokerage mapping’ and ‘manual brokerage change’ tabs.
• Review the client’s portfolio report to learn the assets they are actively trading in.
• Other than these features, sub-brokers can use the ‘lead info backend change,’ ‘lead deletion,’ and ‘monthly payout report’ tabs.

IIFL Sub Broker Login

Once you are an official sub-broker, you will receive your account login details. Go to the dashboard page to use the IIFL Sub Broker Login details.

Once you have logged in successfully, you can see the dashboard’s homepage. There, you will find varied tabs to help you check who your clients are, their financial transactions, and their brokerage.

IIFL Authorised Person must consider these points when designing its business facility’s interior:

• It should be in an area of 200 to 300 square feet, depending on your budget.
• You will need at least two helping hands (employees) to manage business operations.
• Designating a reception area is optional, but having it will help customers inquire about your services.
• In addition, having a cabin for your manager is not compulsory. However, providing a separate space will help him perform his duties more efficiently.
• Sub-brokers are mandated to use a dealer terminal.
• Besides these, you must have a working mobile or telephone connection. Call recording is optional.
• Partners can’t do without laptops or computers.
• Even CCTV installation is essential.

IIFL Sub Brokership provides necessary help by rendering the following support:

• Marketing experts are assigned to help sub-brokers promote their services among the targeted customer base.
• If you struggle to find new leads, you can use acquisition support to learn the necessary skills.
• A relationship manager is available to assist you in forming good relations with leads and clients.
• Training programs, like dealer and product training, are facilitated to make sub-brokers proficient in their job.
• Advisory support provides sub-brokers with much-needed advice whenever they are stuck in any business operation.
• Furthermore, you don’t have to juggle multiple behind-the-scenes activities with back-office support.

Let’s quickly go through the IIFL Partner Offers:

• Advisory professionals are at your service for free.
• You can retain 50% commission or more, with IIFL offering a minimum 60% revenue share.
• Unfortunately, you must spend Rs. 93,000 to Rs. 1,63,000 as an investment in the sub-brokership franchise.
• There’s no free brokerage or free delivery trading in the first month.
• Flat brokerage charges are not charged, but one must pay brokerage even when their trade suffers a loss.

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Which products and services is the IIFL Sub Broker Franchise entitled to offer on the broker’s behalf? Read on to learn:

• IIFL offers primary financial products like any other brokerage house, from equity and derivatives to currencies and commodities.
• The option of investing in different mutual fund schemes is also available.
• Anyone who wants to manage their investment portfolio professionally can contact sub-brokers.
• IPOs, FPOs, and NCDs are other products customers can consider for investment.
• The firm also has insurance products to meet the clients’ life, house, and vehicle protection coverage needs.
• However, there aren’t any loan products or foreign stocks.

How to Become a IIFL Sub Broker?

The following outlined eligibility criteria and application process will guide you to Become an IIFL Sub Broker:

First, let’s discuss which candidates are eligible!

• The ones who are Indian and are older than 18 years.
• The candidates who have a graduation degree and NISM certificate.

For those meeting all these requirements, they can proceed with this application process:

1. Fill out the necessary details in the ‘Become a Sub-Broker’ form and hit the ‘submit’ button.
2. IIFL’s representative will email or call you to assist with the next steps.
3. You will be asked to provide your identity and address proof, bank account information, cancelled cheque, sub-broker agreement, and many other documents.
4. Now, there will be a verification process.
5. The broker will register you as a sub-broker if everything seems legitimate.

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Benefits of IIFL Sub Broker Business

These benefits make the IIFL Sub Brokership an impressive business opportunity:

• You can earn lakhs with your commission ranging from 60% to 75% and additional client acquisition rewards.
• Sub-brokers can achieve breakeven within three months of working like one. And some even get their returns early.
• A dedicated dashboard is available for partners to help manage everything from a single place.
• From acquisition and relation manager to marketing and training support is facilitated to make sub-brokers efficient.

Drawbacks of IIFL Franchise

IIFL Franchise also faces the following drawbacks:

• Partners must invest heavily, sometimes even in lakhs, to earn good returns.
• They need to meet many office requirements to operate their business smoothly.
• Loans and foreign stocks aren’t included in the firm’s product portfolio, making them lose a specific percentage of customers.
• Delivery trading can’t be performed for free.
• Loss-making trades are also charged brokerage.

IIFL Partner or Sub Broker – Conclusion

Individuals searching for a well-established name to join the sub-brokership program can trust IIFL.

By providing attractive commission rates and offers, unwavering support, strong technological backing, and comprehensive training, the company encourages the IIFL Partner to build a sustainable business.

Although you will need to make an initial investment and work in a competitive environment, the rewards you will earn will be fruitful.

FAQs on IIFL Authorised Person

Check out various FAQs related to IIFL AP business.

Is IIFL Sub Brokership Profitable?

The sub-brokership program can help you generate lucrative profits in lakhs if you acquire a larger number of customers and open more accounts.

What is the IIFL Sub Broker Commission?

Commission for sub-brokers is flexible, falling between 60% and 75%.

How many Sub Brokers does IIFL have?

More than 12,000 people from different parts of the country have joined IIFL as its sub-brokers.

What is the IIFL Franchise Cost?

The approximate franchise cost is 93k to 1,63,000 INR. To break down this cost, you need to deposit 50k to 1 lakh Rupees for security, Rs. 3,000 for exchange charges, and Rs. 40,000 to Rs. 60,000 for office expenses.

Does IIFL Franchise provide Backoffice?

Yes, when running the franchise, you can use back-office support from professionals to make your administrative work more manageable.

What is the Eligibility for IIFL AP?

Eligibility for authorised persons includes citizenship of India, a minimum age of 18, graduation in any field, and an NISM certificate.

How to Close IIFL Sub Broker Business?

The sub-broker business closure process includes getting the sub-broker franchise cancellation form from the company, printing it on Rs. 600 stamp paper, and notarising it. Along with this form, courier the account statement to the broker’s head office.

Once verification is complete, SEBI and the stock exchange will delete your sub-broker code from their databases and refund the security deposit you paid to the firm

How to Convert IIFL Partner to Sub Broker?

The company’s dedicated team guides its partners in converting to sub-brokers. Contact that team and apply for a partnership-to-sub-brokership conversion. Be ready with some money, as the sub-broker franchise venture demands an initial investment.

What is the expected income as an IIFL AP?

An authorised person can expect to earn lakhs, with an average profit of Rs.1,42,500.

Does the IIFL Franchise provide Support?

The franchise provides all kinds of support that it thinks can streamline the sub-broker’s job. Partners can get acquisition, relationship management, advisory, marketing, back-office, and training support.