You know that an increasing number of investors are interested in the equity market these days.
And they can’t invest without brokers or sub-brokers authorised by the SEBI and stock exchanges as mediators.
Do you not have a large enough budget to commence a brokership venture? Don’t worry! You can still work in the equity market on the budget as a sub-broker.
Sharekhan Franchise offers the right opportunity to sub-brokers looking forward to expanding their business horizons in the financial domain.
Learn more about becoming a Sharekhan Sub Broker, including eligibility, infrastructure requirements, earnings, and more.
Sharekhan Franchise - Business Overview
Total Sub Brokers
Approx. Investment
Commission Range
Avg. Monthly Profit
Breakeven Time
Payout Time
Sharekhan, one of India’s premier retail, full-service stockbroking firms, is a subsidiary of BNP Paribas Financial Services Limited.
Known for its innovative platforms and robust support, Sharekhan Partner Business is listed among highly rated sub-brokership programs.
The brokerage house started providing sub-brokership business opportunities in 2005, and since then, it has been working with over 7,000 sub-brokers nationwide.
And this sub-broker network is developing rapidly. As the firm’s sub-broker, you must bridge the gap between the broker and potential investors.
You can offer clients diverse investment options and financial services, from equity to IPOs and portfolio management services.
As a reward, you can take advantage of the competitive commission structure.
Sharekhan Sub Broker Commission & Referral Bonus
Revenue Sharing
Per Client Acquisition
You have done your job of acquiring clients and helping them with trading via a brokerage house. How much can the Sharekhan Sub Broker Commission be credited to your account?
Sharekhan offers its sub-brokers a significant share in revenue from its clients’ trading transactions. The commission share is more than what the broker retains.
Talking about figures, it can be as low as 60% and as high as 70%. Therefore, with your vast clientele, you can retain as high as 70% of the broker’s revenue share.
Unfortunately, you can’t generate any additional income per client acquisition.
Sharekhan Franchise Cost, Exchange Charges & Office Expenses
Security Deposit (One Time)
Exchange Charges (One Time)
Office Expenses (Monthly)
You can’t start your sub-brokership franchise venture without an initial investment. So, let’s discuss the Sharekhan Franchise Cost and what it covers!
Your total investment can lie between Rs.1,18,000 and Rs.1,58,000. It covers your security deposit, monthly office expenses, and exchange charges.
The security deposit is a single-time expense, costing 70,000 to 1 lakh INR. Exchange charges, which will be paid once, are reasonable, at 3k INR.
Your office expenditure can be as low as Rs. 45k and as high as Rs. 55k, depending on the utilities, recruitment requirements, and amenities.
Sharekhan Partner Program - Expected Profits & Income
Total Clients
Active Clients
Avg. Commission per Active Client
Total Brokerage
Sub Broker's Share
New Client Acquisition
Client Acquisition Income
Sub Broker's Gross Profit
Total Expenses
Sub Broker's Net Profit
Net Profit Margin
In this section, you can learn everything about your payout:
Just think, the clientele you have brought to the company consists of 652 investors. However, only 220 invest and trade regularly, providing you with 1,550 INR as the average commission.
Due to their active trading, Sharekhan retains a total brokerage of Rs.3,41,000. Assuming that sub-brokers are entitled to 60% of revenue, your share will be Rs.2,04,600.
Amidst all this, you acquired 50 more new investors, but there’s no additional reward. Therefore, your share remains the same, making your gross profit 2,04,600 INR.
This month, you incurred 55,000 Rupees as expenses out of your pocket. And this expenditure reduced your Sharekhan Sub Broker Profits to Rs.1,49,600.
Finally, it can be concluded that sub-brokers earn profits at a net margin of 43.87%.
Sharekhan Franchise ROI or Breakeven
In Months
When can sub-brokers recover their initial investment of 1,18,000 to 1,58,000 INR?
With commissions ranging from 60% to 70% and a net profit margin of 43.87%, Sharekhan Franchise Returns are promising.
With your consistent efforts and growing clientele, you can achieve breakeven or earn your returns within three months.
Check out Business Opportunities with Similar Brands
Sharekhan Franchise Dashboard or Backoffice Platform
Web Platform
App Platform
Sharekhan has always been the talk of the town because of its innovative technological solutions. The broker knows how challenging it can be to run a sub-brokership franchise with many tasks.
Therefore, to reduce the struggle of its sub-brokers, the company has extended the Sharekhan Franchise Dashboard to them.
When navigating the dashboard, you can see various amazing features that help streamline lead and client management.
Some features you can enjoy are brokerage mapping, leads, client activation, portfolio reports, manual lead addition, etc. You can even monitor how much you are earning.
Sharekhan Partner Dashboard - Features
Brokerage Mapping
Manual Brokerage Change
Leads Report
Clients Activation Report
Clients Portfolio Report
Monthly Payout Report
Lead Addition Link
Manual Lead Addition
Lead Stage Info
Lead Info Backend Change
Lead Deletion
What features can you have access to when navigating the Sharekhan Partner Dashboard? Let’s learn:
- With brokerage mapping, map how much the broker earns from which client.
- If you want to alter brokerage, you can do it manually.
- Do you want to get a summarised report on the lead data? If yes, go to the ‘leads report’ tab.
- How many leads are converted into clients? Who is actively investing? Learn all this from lead stage info and client activation reports.
- Which investment options are clients investing or trading in? Gain insights by viewing clients’ portfolio reports.
- Remove unsuccessful leads from the data with the ‘lead deletion’ feature.
- Get all information about your monthly payout by accessing the ‘monthly payout report.’
Sharekhan Sub Broker Login
Are you striving for easy and quick access to your dashboard? Hit the web platform dashboard link in the table above. Once redirected, provide the Sharekhan Sub Broker Login data the company emailed you.
Next, click the ‘login’ tab to be directed to your account. You can change your login credentials by going to the settings for more security.
Sharekhan Authorised Person - Office Requirement
Area in Sq. Ft.
No. of Employees
Reception
Managers Cabin
Dealer Terminal
Mobile or Telephones
Call Recording
Laptops or Computers
CCTV
This section will break down all the office requirements that Sharekhan Authorised Person needs to fulfil:
- Look for the area, ranging between 150 to 200 square feet, for your sub-brokership franchise office.
- Dedicate an area for the reception and manager’s cabin when designing your office’s interior.
- See if the dealer terminal is working correctly.
- When planning to initiate the recruitment process, hire at least two employees.
- Equip your office with mobile connection, laptops, and CCTV.
- You can record your calls with clients if you want to use communicated information in the future.
Sharekhan Sub Brokership Support
Dedicated RM Support
Dealer Training
Products Training
Acquisition Support
Webinars
Advisory Support
Backoffice Support
Marketing Support
In this section, you will learn what support the Sharekhan Sub Brokership venture receives:
- First and foremost, newbies need not worry about acquiring clients. Acquisition support is available for necessary assistance.
- Attending dealer and product training sessions will help you master all the skills and knowledge of dealing with the company’s products.
- A relationship manager can guide you in establishing strong relationships with potential and actual clients.
- Do you need professional advice on running a sub-brokership venture? If so, ask for advisory support.
- Promote your business locally and in nearby areas with marketing support.
- Back-office professionals are there to help you with administrative tasks.
Sharekhan Business Partner Offers
Commission 50% or More
Zero Investment
Free Advisory
Free Delivery Trading
Flat Brokerage Charges
1st Month Free Brokerage
Zero Brokerage on Loss Making Trades
Get a quick overview of the Sharekhan Partner Offers:
- Sharekhan is one of the few brokers offering more than 50% commission to sub-brokers. But you need an initial investment.
- You can depend on the advice of broker’s professionals whenever facing difficulty running your business.
- Besides these, there’s nothing more that the firm offers, be it free delivery trading, free brokerage for the first month, flat brokerage charges, or no brokerage on trades that face losses.
Check out Business Opportunities with Similar Brands
Sharekhan Sub Broker Business - Products Offers
Equity
Derivatives
Commodity
Currency
Mutual Fund
PMS or PCG
IPOs / FPOs / NCDs
Foreign Stocks
Insurance
Loans
Here is the list of investment options or financial services that Sharekhan Sub Broker Franchise can provide:
- Commodities, derivatives, currencies, and equities are the basic products that sub-brokers can help investors invest in.
- Are your clients more of a mutual fund investor? If so, you can discuss MF schemes with them.
- You can aid your clients in managing their investment portfolios.
- Regardless of what insurance your clients need, sub-brokers can cater to them with varied insurance products.
- In addition, you can provide your clients a chance to invest in FPOs, IPOs, and NCDs.
How to Become a Sharekhan Sub Broker?
Your path to Becoming a Sharekhan Sub Broker is straightforward if you fulfil these eligibility guidelines:
- You are a citizen of India.
- Your age is 18 years or more.
- Your academic qualification must be at least graduation.
- You should be accredited with an NISM certificate.
Next, here are the steps you should follow to join the company as a partner:
- Look for the ‘Become a Sub-broker’ form at the bottom of the page. Please provide the details asked in the form and then submit it.
- Sharekhan’s representatives will be notified about your form and contact you. They will tell you what documents you must provide and the next steps.
- Submit documents, including a sub-broker agreement, PAN, Aadhaar, passport, or rental agreement, details of your bank account, cancelled cheque, and photo.
- Once verified, you can make an initial investment and commence a sub-brokership franchise.
Sharekhan Franchise - Eligibility Criteria
Age
Nationality
Academic Qualification
NISM Certificate
Sharekhan Partner Program - Documents Required
Sub Broker Agreement
Identity Proof - Aadhaar / Passport
Address Proof - Aadhaar / Rental Agreement
PAN
Passport Size Photo
Bank Account Details
Bank Cancelled Cheque
Benefits of Sharekhan Sub Broker Business
Here’s how Sharekhan Sub Brokership can be advantageous:
- You can retain 60% to 70% of the brokerage’s house earnings share.
- Market your business and services with the assistance of professional marketers.
- Capitalise on the broker’s goodwill to broaden your clientele.
- You can receive your commission and profits after 30 days.
- Moreover, a robust dashboard is available for sub-brokers to streamline franchise management.
Drawbacks of Sharekhan Franchise
Sharekhan Franchise also has the following drawbacks:
- With zero per-client acquisition, partners can’t earn additional income by getting each client.
- You can’t attend webinars for regular updates and additional training.
- No free delivery trading or flat brokerage charges are rendered.
- Even brokerage is charged whenever any trade makes a loss.
- Although the company has a comprehensive financial products suite, it doesn’t provide loans or foreign stocks.
Sharekhan Partner or Sub Broker – Conclusion
Joining the broker as a Sharekhan Partner is an excellent opportunity if you aspire to work in the financial sector.
As a sub-broker, you can attract more investors and traders using the firm’s diverse product and service portfolio.
In addition, Sharekhan offers exclusive deals and support to partners so they can manage key operations more easily.
So, if your plans include becoming a sub-broker, apply at Sharekhan now!
FAQs on Sharekhan Authorised Person
Check out various FAQs related to Sharekhan AP business.
Is Sharekhan Sub Brokership Profitable?
Yes, this sub-brokership venture is profitable, with a high revenue share of 60% to 70%. All you need to focus on is attracting more potential investors to the organisation.
What is the Sharekhan Sub Broker Commission?
The sub-broker’s commission varies from 60% to 70% of the total brokerage the firm earns via clients’ investment or trading.
How many Sub Brokers does Sharekhan have?
More than 7,000 sub-brokers are enrolled with Sharekhan, and the number is increasing.
What is the Sharekhan Franchise Cost?
The sub-brokership franchise investment can amount to approximately 1,18,000 to 1,58,000 Rupees.
It covers security deposit of 70,000 to 1 lakh INR, office expenses of 45k to 55k INR per month, and exchange charges of Rs.3,000.
Does Sharekhan Franchise provide Backoffice?
Sub-brokers can handle their back-office operations smoothly with the brokerage house’s back-office support.
What is the Eligibility for Sharekhan AP?
Indian citizens 18 or older, graduates, and NISM certified can enrol in the Sharekhan sub-brokership program.
How to Close Sharekhan Sub Broker Business?
If you want to close your sub-broker business, email the firm’s cancellation team about closing your sub-broker venture.
Next, submit a notarised sub-broker franchise cancellation form and account statement to the broker’s head office.
Once verified, the stock exchange and SEBI will remove your sub-broker code, and your security deposit will be refunded.
How to Convert Sharekhan Partner to Sub Broker?
Contact Sharekhan’s sub-brokership franchise team and submit a formal request to convert from partner to sub-broker.
What is the expected income as Sharekhan AP?
On average, partners can earn an income of 1,49,600 INR at a net margin of 43.87%.
Does Sharekhan Franchise provide Support?
Sub-brokers of the Sharekhan Franchise can seek RM, marketing, advisory, acquisition, and back-office support. They can also hone the necessary skills through product and dealer training.