Lately, franchise businesses have become quite popular. Also, the finance industry is booming too.
However, not all franchises are budget-friendly; some are very expensive. Nevertheless, there are a few franchises that come in a budget.
If you are someone looking for the Best Franchise under 1 Lakh in India, you are on the right page. In this article, we are going to talk about franchises that cost less than 1 lakh.
Moreover, these finance industry-related franchises, like sub-broker, distributor, and insurance agent, are interesting to be a part of.
The best part is that all these franchises we are going to cover here are Top Franchise below 100000. So, without any more delay, let’s get into the article.
Best Franchise below 100k in India – List of Top 10 Franchise under 1 Lakh
Let’s check the best franchises under 100K in India.
The table above highlights the Top Franchises under 1 Lakh in India with a small upfront cost, minimal to no exchange charges, nominal training fees, and an optional office fee.
If these are the criteria you use to select a franchise, you can easily finalize your choice from this list. Firstly, the deposit costs for these franchises range from Rs.50,000 to Rs.1,00,000.
Secondly, the exchange charges are almost free for all brands, and if there are any, they are just Rs.3,000.
Thirdly, the training fees are affordable, making it an excellent choice for those seeking the Best Franchise below 100000 Opportunity. Lastly, the office fees are starter-friendly and optional for most brands.
Compare Franchise Business under 100k in India
| Brands | Deposit | Exchange Charges | Training Fees | Office Fees |
| Sharekhan Sub Broker | Rs.50,000 | Free | Not Required | Rs.45,000 – Rs.55,000 |
| Motilal Oswal Sub Broker | Rs.1 Lakh | Rs.3,000 | Not Required | Rs.40,000 – Rs.65,000 (Optional) |
| Bajaj Finserv MF Distributor | Rs.80,000 | Not Required | Rs.20,000 | Rs.30,000 – Rs.60,000 (Optional) |
| JIO Finance DSA | Zero | Not Required | Upto Rs.3000 | Rs.40,000 – Rs.65,000 |
| Angel One Sub Broker | Rs.50,000 | Free | Not Required | Rs.40,000 – Rs.75,000 |
| Shriram Life Agent | Rs.10,000 | Not Required | Rs.2,500 – Rs.4,500 | Rs.45,000 – Rs.55,000 |
| Kotak Mutual Fund Distributor | Rs.75,000 | Not Required | Rs.10,000 – Rs.25,000 | Rs.40,000 – Rs.60,000 (Optional) |
| Go Digit Agent | Rs.10,000 | Not Required | Rs.2,000 – Rs.5,000 | Rs.30,000 – Rs.55,000 |
| Tata Capital DSA | Rs.10,000 | Not Required | Upto Rs.3000 | Rs.45,000 – Rs.60,000 |
| IIFL Securities Sub Broker | Rs.50,000 | Upto Rs.3,000 | Not Required | Rs.40,000 – Rs.60,000 |
When it comes to comparing Franchise under 100k in India, we have a minimal list. This is because not all the top brands offer budget-friendly franchises.
However, we still did our homework and brought before you the top franchise businesses under 100k in India.
Here, we not only considered the budget but also the advantages the brands offer individuals. For example, partnering with Jio Finance as a DSA does not require a security deposit.
Similarly, for joining as a member, there are no exchange fees with Sharekhan or Angel One. Moreover, training support is provided free of charge at IIFL Securities and Motilal Oswal.
Furthermore, the office setup cost for Bajaj Finserv and Go Digit starts at Rs. 30,000. So, every brand has a special feature that attracts one or the other individual.
Below, we will discuss in detail the 10 subbroker brands that offer franchise businesses for under 1 lakh. Have a read!
Sharekhan Sub Broker – Best Franchise below 100000 in India
| Total Sub Brokers | 7000+ |
| Approx. Investment | Rs.1,18,000 – Rs.1,58,000 |
| Commission Range | 60% – 70% |
| Avg. Monthly Profit | Approx Rs.1,01,600 |
| Breakeven Time | 3 months |
| Payout Time | 30 Days |
Sharekhan is a prominent name in the finance industry.
It has a footing in many financial ventures, but the sub-broker franchise is what it is best known for.
It offers excellent opportunities for sub-brokers in its network and allows them to sell a diverse range of products, including mutual funds, IPOs, and derivatives.
The individuals associated with the brand can leverage the trust it has built and build a strong business effortlessly.
If you are looking for the Best Franchise below 100000 in India, Sharekhan is the top one.
Why Start a Franchise under 100k with this Brand?
- Under the Sharekhan umbrella, there are currently around 7,000 sub-brokers, which motivates franchise enthusiasts to join.
- The revenue sharing at Sharekhan is 60 to 70%, which is commendable for a zero-investment franchise.
- Also, Sharekhan provides robust support to its sub-brokers through advanced trading platforms, back-office support, and marketing support, among other services.
- Moreover, the upfront cost is low, and thus the risk is low. This makes it a go-to franchise business option for individuals seeking a low-risk business.
- Furthermore, the platform offers dashboard features, including brokerage mapping, manual brokerage changes, and lead reports.
Motilal Oswal Sub Broker – Top 10 Franchise under 1 Lakh
| Total Sub Brokers | 7500+ |
| Approx. Investment | Rs.1,43,000 – Rs.2,58,000 |
| Commission Range | 60% – 70% |
| Avg. Monthly Profit | Approx Rs.93,500 |
| Breakeven Time | 3 months |
| Payout Time | 30 Days |
Motilal Oswal is a well-known full-service brokerage firm in India.
By partnering with a brand like Motilal Oswal, individuals can cater to diverse clients seeking a range of products.
Also, selling under an established brand name becomes relatively easy for the franchisor.
With the service broker’s unparalleled support, sub-brokers can easily build a decent income-generating franchise business.
Well, let us look into the special reasons why Motilal Oswal is the Top 10 Franchise under 1 Lakh.
Why Start a Finance Business under 100k with this Brand?
- Firstly, Motilal Oswal needs no introduction. So, the sub-brokers are at a significant advantage in leveraging their brand name and the credibility it has built.
- Secondly, the revenue sharing is something to boast about. Sub-brokers can earn 60% to 70% in brokerage.
- For example, if the franchise business is clicked and the client base is good, the sub-brokers can earn up to Rs.1,65,000 per month.
- Moreover, there is great flexibility in working as a sub-broker with a big brand like Motilal Oswal.
- Besides, as a Motilal Oswal sub-broker, the training is extensive and covers dealer training, product training, back-office, marketing, dedicated RM, etc.
Bajaj Finserv MF Distributor – Top Franchise below 100000 in India
| Total Distribution Network | 1000+ |
| Approx. Investment | Rs.1.3 Lakh – Rs.1.6 Lakh |
| Commission Range | 1% to 2% of AUM |
| Avg. Monthly Profit | Rs.73,375 |
| Breakeven Time | 2 – 3 Months |
| Payout Time | 30 Days |
Bajaj Finserv is also a trusted name in the financial industry.
It offers many services to customers and aspiring entrepreneurs alike.
One such franchise program that it provides is the Mutual Fund Distributor.
Bajaj Finserv is one of the franchise businesses that offer Top Franchises below 100000 in India.
By joining the company as a distributor, you can distribute various schemes, such as lump sum, SIP, direct funds, and ETFs, to clients and earn handsome commissions.
Why Start a Franchise under 1 Lakh with this Brand?
- With the Bajaj Finserv tag, it is super easy for distributors to onboard clients.
- Also, the financial services company has a diversified portfolio, attracting clients from diverse corners.
- Moreover, as a distributor, you can earn a commission of 1% to 2% of AUM.
- When it comes to support, Bajaj Finser stands at the top. It offers backend support, a dashboard, lead management, client acquisition support, etc.
- Furthermore, there is significant potential to scale the franchise business and generate substantial profits.
JIO Finance DSA – Best Franchise below 1 Lakh in India
| Total DSA | 800+ DSA |
| Total Investment | Rs.28000 – Rs.58000 |
| DSA Commission | 0.4% – 2.75% of Loan value |
| Avg. Monthly Profit | Rs.58000 approx |
| Breakeven Time | 3 to 6 Month |
| Payout Time | 30 Days |
Jio Finance is one of the fastest-growing financial service companies in the country, providing attractive services to entrepreneurs.
One such service is DSA. As a Jio Finance Direct Selling Agent, the individual can access digital loans, financial products, EMIs, and more.
The agents can gain an added advantage by being a Jio Finance DSA, as it is an established brand with a strong reputation and credibility.
Why Start a Fintech Franchise below 1 Lakh with this Brand?
Let us look at some of the reasons why Jio Finance is the Best Franchise below 1 Lakh in India.
- As we said earlier, Jio Finance is famous for its digital services above all else. With the trust it has built in that sector, DSAs can easily generate new leads.
- Also, to become a DSA with Jio Finance, the agent does not invest a single rupee. In addition, this is the only brand on our list that offers a franchise without any deposit.
- Moreover, Jio Finance’s digital onboarding is rapid and straightforward. Fast loan approvals spread positive word of mouth and generate more leads.
- In addition, DSAs can earn competitive payouts for every successful loan disbursement.
- Furthermore, Jio Finance provides excellent backend support, digital support and brand support to its DSAs.
Angel One Sub Broker – Top Franchise Opportunities below 1 Lakh
| Total Sub Brokers | 20,000+ |
| Approx. Investment | Rs.90,000 – Rs.1,75,000 |
| Commission Range | 50% – 70% |
| Avg. Monthly Profit | Approx Rs.1,65,000 |
| Breakeven Time | 3 months |
| Payout Time | 30 Days |
Angel One is a widely recognised stockbroking firm in the country.
Also, it is considered the best and most trusted brand in the financial world. Moreover, with over 20,000 subbrokers under its wing, it has built an empire.
In addition, the company competes effectively with its peers by offering advanced digital services and trading tools.
Besides, its sub-broker program is designed not only for professionals, but also for beginners who want to build a stable source of income with low investment.
Why Start a Franchise below 100000 with this Brand?
Here’s why Angel One stands out as the best brand and provides Top Franchise Opportunities below 1 Lakh.
- Firstly, Angel One is one of the oldest financial firms in the stockbroking industry, which is a strong reason for individuals to be part of it.
- Secondly, to join Angel One as a sub-broker, the individual must deposit a minimal amount of Rs.50,000.
- Also, the sub-brokers earn a very decent 50% to 60% brokerage through revenue sharing.
- Moreover, the brand charges no exchange fees, and monthly office expenses do not exceed Rs.75,000.
- Lastly, client acquisition at Angel One is easy, quick, and paperless.
Shriram Life Agent – Top 10 Franchise under 100000 in India
| Total Agents | 3,000+ |
| Total Investment | Rs.37,500 – Rs.59,500 (Optional) |
| Agents Commission | 1.5% to 5% of Premium |
| Avg. Monthly Profit | Approx. Rs.35,000 |
| Breakeven Time | 3 to 6 Month |
| Payout Time | 30 Days |
Shriram Life Insurance is also one of the top brands on our list that offers franchise services to individuals at a low cost.
The passionate entrepreneurs can join the company and become licensed agents to sell insurance products and earn handsome commissions.
Besides many services it offers, the company also provides the Top 10 Franchises under 100000 in India.
So, anyone interested in joining a new-age company like Shriram Life as an agent can check out this section to find out why it’s a good fit for you.
Why Start a Franchise Business below 100k with this Brand?
- To start as an agent with Shriram Life, the individual must deposit a minimum of Rs.10,000.
- Also, the brand is growing faster, and it already has 3,000+ agents. With less in-house competition, it is easy to build the client base and also earnings.
- Moreover, the commission range is beautiful, ranging from 5% of the ULIP premium to 2% to 4% of the life insurance premium.
- Furthermore, the breakeven time is 3 to 6 months, which is reasonable.
- In addition, the company has a web platform that allows agents to access their dashboard and its advanced features.
Kotak Mutual Fund Distributor – Best Franchise under 100k Business in India
| Total Distribution Network | 3000+ |
| Approx. Investment | Rs.1.4 Lakh – Rs.1.6 Lakh |
| Commission Range | 1% to 2% of AUM |
| Avg. Monthly Profit | Rs.68,750 |
| Breakeven Time | 2 – 3 Months |
| Payout Time | 30 Days |
Kotak is also on our list and provides the Best Franchise under 100k Business in India. Also, its Mutual Fund Distributor program is quite a hit among aspiring entrepreneurs.
Moreover, with its diverse investment schemes such as equity, debt, SIPs, hybrids, lump sum, etc., it is creating waves in the industry.
Furthermore, individuals can get strongly backed by the brand’s tools and support if they all join the guns with it.
Why Start a Finance Franchise below 1 Lakh with this Brand?
- At present, Kotak’s network is 3000+, and it is expected to grow rapidly in the future.
- Also, the commission range is between 1% to 2% of AUM, which is very impressive.
- Moreover, on average, the distributor can earn up to Rs. 68,750 per month from the brand.
- Besides, the breakeven time is just 2 to 3 months, so that distributors can expect returns in a very short time.
- Furthermore, the distributors at Kotak have access to advanced dashboard features such as auto-debit requests, lead reports, client activation reports, etc., which make it easy to manage clients.
Go Digit Agent – Top Franchise Business below 100000
| Total Agents | 1.2 Lakh+ |
| Total Investment | Rs.42,000 – Rs.70,000 (Optional) |
| Agents Commission | 2.5% to 6% of Premium |
| Avg. Monthly Profit | Approx. Rs.43,000 |
| Breakeven Time | 3 to 6 Month |
| Payout Time | 30 Days |
Go Digit, though it is a new name in the industry compared to its peers, has set the bar high by offering the Top Franchise Business below 100000.
Also, individuals seeking to step into the financial sector as franchise owners can join Go Digit as agents and start selling insurance products.
Moreover, the brand has a strong portfolio of insurance products, including health, travel, general, motor, and ULIPs.
Besides, it offers excellent training and support to the agents.
Why Start a Fintech Business below 100k with this Brand?
- The initial investment to get a Go Digit franchise is just Rs. 10,000, which is super affordable.
- Also, the brand has 1.2 lakh+ agents actively working under it, indicating the popularity it has achieved and its success rate.
- Moreover, the commission structure is very fair, ranging from 2.5% to 6% of the premium. Also, for health, the commission is capped at 10%.
- However, it demands a training fee of Rs.2,000 to Rs.5,000, which is very minimal. Also, the training hones agents’ skills in lead generation and client management.
- Furthermore, the agent can operate the franchise part-time as a side hustle and make a decent income.
Tata Capital DSA – Top 10 Franchises under 1 Lakh in India
| Total DSA | 450+ DSA |
| Total Investment | Rs.28000 – Rs.63000 |
| DSA Commission | 0.4% – 2.6% of Loan value |
| Avg. Monthly Profit | Rs.48700 approx |
| Breakeven Time | 3 to 6 Month |
| Payout Time | 30 Days |
The TATA brand itself is a successful venture. Many individuals feel proud to be part of the brand because of its achievements and track record.
Besides many outstanding opportunities it offers, it is also one of the Top 10 Franchises under 1 Lakh in India.
With its strong brand reputation, transparent transactions, and customer-centric approach, it has become a go-to brand for many customers. If you wish to be part of the program and earn a good monthly income, here is what you need to know.
Why Start a Franchise Business under 100000 with this Brand?
- Firstly, joining TATA Capital is an advantage for individuals, as it has a strong reputation in the industry, making client acquisition very easy.
- Also, with only 450+ DSAs working under it right now, there is considerable scope for new individuals to explore and make the most of it.
- Moreover, the DSA commission at TATA Capital ranges from 0.4% to 2.6% of the loan value, which is among the best in the industry.
- Also, the company approves loans up to Rs.52,00,000, which attracts big clients.
- Furthermore, the office requirement is optional; a telephone and a laptop are compulsory.
IIFL Securities Sub Broker – Best Franchise below 100000 in India
| Total Sub Brokers | 12000+ |
| Approx. Investment | Rs.93,000 – Rs.1,63,000 |
| Commission Range | 60% – 75% |
| Avg. Monthly Profit | Approx Rs.1,42,500 |
| Breakeven Time | 3 months |
| Payout Time | 30 Days |
IIFL is a highly reliable brand known for its integrity. Also, the company offers numerous services for entrepreneurial minds, including the popular sub-broker franchise.
With over 12000+ sub-brokers, it is one of the fastest-growing sub-broker businesses on our list.
Moreover, the best part is that it offers the Best Franchise below 100000 in India. With a 30-day payout time and a 3-month breakeven time, it attracts many sub-brokers.
Why Start a Franchise below 1 Lakh with this Brand?
- In the first place, the revenue-sharing rate, which plays a significant role in attracting sub-brokers, is 60% to 75%.
- Also, for every new client acquisition, the company offers a Rs.200 bonus.
- Moreover, the working capital required to start a franchise business with IFFL ranges from Rs.50,000 to Rs.1 lakh.
- Furthermore, with a total of 250 active clients, the agents can make a net profit of Rs.1,42,500, which is a 50% net profit margin.
- In addition, IIFL has a web platform and an app platform that enable authorised persons to access advanced features for managing clients effectively.
Best Franchise under 1 Lakh in India – Conclusion
In the summary, choosing the Best Franchise under 1 Lakh in India depends on individuals’ preferences and budget constraints.
With low investment and low risk, one can partner with reputable financial companies and earn lucrative returns.
Also, these brands offer a diverse product range and outstanding support for agents and sub-brokers, which is essential for running a business smoothly.
So, if you have a checklist of what you want from a brand, look no further. Start your entrepreneurial journey today for less than a lakh.