Zerodha Franchise or Sub Broker or AP Business – Cost, Commission & more

Zerodha is one of the most reputed brokerage firms in the brokerage industry. The company employs advanced technology to address clients’ needs and promotes low-cost trading.

Also, its unique features attract many finance experts to join the Zerodha Franchise. With over 5,000 sub-brokers working for it, Zerodha has become a leading sub-broker firm.

Furthermore, the Zerodha Sub Broker program is popular among finance buffs. So, if you are considering joining Zerodha as a sub-broker, this article is perfect for you.

Zerodha is known for offering customer-centric services. The firm has a low brokerage system, which attracts authorised persons. Also, the earning opportunities for authorised persons are decent.

By joining Zerodha AP Business, people can receive excellent support and training. Moreover, authorised persons can expand their business quickly with access to various resources.

Onboarding new investors is smooth, as the company is already established in the finance market. Those looking for long-term business potential can try the Zerodha franchise business.

Furthermore, the firm has a payout time of 30 days, and people seeking a steady and reliable income source can consider it one of the go-to businesses.

Zerodha offers attractive commissions to its subbrokers. Its revenue-sharing model is very impressive to start with.

The Zerodha Sub Broker Commission is 30% to 50% for the uninitiated. This means the firm can pay the authorised persons a 30% to 50% commission.

But, the commission is entirely based on the number of active clients. It also depends on the amount of business done.

Zerodha does not provide a client acquisition bonus. Authorised Persons may onboard new clients as they grow their business, but Zerodha does not offer them a referral bonus.

Still, with a decent commission, authorised persons can build a sustainable income.

Zerodha has been in the stock broking industry for a very long time. The brokerage firm encourages new authorised persons to join as sub-brokers with zero investment.

Interested people with proper eligibility can join Zerodha’s sub-broker program without a security deposit.

But, there is a one-time exchange charge of Rs.11,000. Besides, the monthly office expenses add up to the Zerodha Franchise Cost. The office expenses could be around Rs.30,000 to Rs.60,000 per month.

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As a Zerodha Sub broker, you can make a decent monthly profit. However, the profit varies based on the investments made by active clients.

Let us look at an example. If there are 900 clients, but only 300 are active, the average commission per active client becomes Rs.1,500.

The total brokerage becomes Rs. 4,50,000, and the sub-brokers’ share is Rs. 1,80,000. The gross profit remains the same even if the authorised persons acquire new clients.

This is because there is no client acquisition bonus. Now, deduct the total office expenses of 60,000, and the sub-broker’s net profit becomes 1,20,000.

Lastly, the net profit margin is 26.67%. So, Zerodha Sub Broker Profits 1,20,000 on an average every month.

The return on investment or breakeven time at Zerodha is two months. For these two months, the authorised persons must run the business singly.

But, within two months, they can receive the Zerodha Franchise Returns. People can start the business quickly since the only initial expense is office costs.

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Zerodha allows its authorised persons to use the dashboard service. The Zerodha Franchise Dashboard contains all critical information related to clients.

It also contains the commissions earned by the AP, so the AP can track all this information in one place.

Official authorised persons can log in to their dashboard on the Zerodha website and access information anytime.

Moreover, the dashboard helps the authorised persons effortlessly manage clients and their investments. However, Zerodha does not have a dedicated app platform.

Zerodha AP can access a whole lot of features. We have discussed some of them below.

• Firstly, the authorised persons can make use of the brokerage mapping feature.
• To help the authorised persons with leads, the dashboard hosts lead reports.
• Also, the dashboard consists of clients’ activation reports.
• Client portfolio report is also available on the dashboard.
• Moreover, authorised persons can easily keep track of their monthly payout reports on the Zerodha AP Dashboard.
• The dashboard also consists of a lead addition link to add leads easily.
• Furthermore, authorised persons can also add leads manually.
• Lastly, the dashboard contains lead stage info, lead info backend change, and lead deletion.

Zerodha Sub Broker Login

Only registered authorised persons can log in to Zerodha’s login page. At first, the firm issues login credentials to the authorised persons.

The authorised persons use the details to log in to their dashboards. However, the AP must keep the Zerodha Sub Broker Login details confidential.

Moreover, the sub-brokers need to log in to their dashboard occasionally. This will help them understand their progress.

The Zerodha authorised person must have an office space to start and run the sub-broker business. Here are the requirements the Zerodha AP must fulfil.

• The AP must own an office space of 100-200 sq. ft.
• There must be at least two employees to look after the business.
• But the reception and manager’s cabin are optional.
• Nevertheless, it is compulsory to have dealer terminals and mobile phones.
• Also, it is mandatory to have laptops or computers in the office.
• Lastly, having a CCTV is optional.

Zerodha is the frontrunner when it comes to support. Here is the kind of support It offers its authorised persons.

• In the Zerodha Sub Brokership, the AP will get dedicated RM support.
• To help the authorised persons understand the products, the firm gives product training.
• But, the AP does not get any dealer training.
• The authorised persons can also get client acquisition support from the firm.
• Also, Zerodha has back office and marketing support for its authorised persons.
• But, Zerodha does not have support for webinars and advisories.

Business authorised persons can enjoy certain free offers. They can use these Zerodha AP Offers to run their businesses smoothly.

• First and foremost, the firm offers an impressive commission of 50% and above.
• Also, with zero investment, people can start a sub-broker franchise business.
• Moreover, the firm has a free delivery trading option.
• Besides, Zerodha has flat brokerage charges.
• At Zerodha, they do not provide free advisory or a free first month of brokerage.

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Before partnering with a brokerage firm, authorised persons must check the product range. Here are the products offered to Zerodha Sub Broker Franchise owners.

• The brokerage house has many popular products like equity, derivatives, commodities, currency, etc.
• Moreover, the firm has mutual funds to sell.
• Zerodha also offers IPOs, FPOs, and NCDs, which allow clients to invest in a wide range of financial instruments.
• However, Zerodha does not have PMS or PCG.
• Also, it does not have services for loans, insurance, foreign stocks, etc.

How to Become a Zerodha Sub Broker?

To become a Zerodha Sub Broker, one must satisfy the following criteria: After fulfilling the requirements and providing the required documents, the person must follow the steps below.

• Visit the official Zerodha website and fill out the online form.
• But, before that, you must obtain NISM certification.
• Also, you must register with the Securities and Exchange Board of India (SEBI).
• After all this, the person must pay the one-time exchange charge of Rs.11,000.
• After successful document verification, you shall receive training.
• Once you get the sub-broker code, you can start offering services as a Zerodha sub-broker.

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Benefits of Zerodha Sub Broker Business

Here are the benefits of partnering with Zerodha as a sub-broker.

• It is an excellent opportunity to AP with Zerodha and join its 5,000+ sub-brokers family.
• The commission offered at Zerodha ranges from 30% to 50%, which is encouraging for the authorised persons.
• Moreover, people can start a Zerodha Sub Brokership with a fundamental investment.
• The firm also supports its authorised persons in areas such as dedicated RM, product training, client acquisition, etc.
• The dashboard features are beneficial to the authorised persons in shaping the business.

Drawbacks of Zerodha Franchise

As a Zerodha Franchise AP, the person has to face certain setbacks. The things that could limit the authorised persons are:

• Zerodha has a limited product range compared to its peers.
• The firm charges for offering advisory services.
• Moreover, Zerodha does not offer brokerage on loss-making trades.
• Also, there is no referral bonus for new client acquisition.
• Above all, the broking house does not offer a free first month’s brokerage, which could be a burden on the authorised persons.

Zerodha AP or Sub Broker – Conclusion

Many people dream of becoming Zerodha authorised persons. If you share this dream, now is the perfect time to AP with the firm.

With tremendous support and a wide product range, Zerodha offers excellent opportunities for aspiring sub-brokers. The brokerage firm provides its authorised persons with flat brokerage charges to encourage its authorised persons.

Also, anyone passionate about the sub-broker franchise business with minimal office requirements can quickly start. They can then work towards building a successful career with Zerodha.

FAQs on Zerodha Authorised Person

Here are some of the frequently asked questions for you. Have a read!

Is Zerodha Sub Brokership Profitable?

Yes, the Zerodha sub-brokership is profitable. Authorised Persons can grow their businesses and earn a decent income by consistently getting new clients.

What is the Zerodha Sub Broker Commission?

Zerodha has the best revenue-sharing model among other broking firms. It offers 30% to 50% commission to its authorised persons.

How many sub-brokers does Zerodha have?

Zerodha currently has over 5,000 sub-brokers. The firm has one of the largest sub-brokership franchises in the broking industry.

What is the Zerodha Franchise Cost?

Authorised Persons are not required to pay any initial investment. However, they must pay Rs.11,000 in exchange charges and Rs.30,000 to Rs.60,000 in office expenses.

Does Zerodha Franchise provide Backoffice?

Yes, Zerodha Franchise provides back-office support for its authorised persons. It also offers support for marketing, client acquisition, and other related activities.

What is the Eligibility for Zerodha AP?

The Zerodha authorised person must be 18 years old. Also, he must be an Indian national. Besides, he should have NISM certification.

How to Close Zerodha Sub Broker Business?

The authorised person must contact the firm to close the sub-broker business with Zerodha, terminate the sub-broker agreement, and settle all his clients’ dues.

How do you convert Zerodha Partner to Sub Broker?

To become a sub-broker, the partner must contact the firm and complete the online application form. The firm will then promote the partner based on their eligibility and documentation.

What is the expected income as Zerodha AP?

With over 300 active clients, the Zerodha authorised person can earn up to Rs.1,20,000 monthly.

Does Zerodha Franchise provide Support?

Yes, the Zerodha franchise offers support for product training, acquisition training, RM support, marketing support, and more.