The stock market in India has grown exponentially in the last few years, and the stockbroking industry has grown alongside it.
Moreover, it became a booming industry, and many broking companies made their footing in it. While stockbroking can be a rewarding career, not everyone can try their hand and taste the success.
Furthermore, finding the Best Sub broker in India could be challenging. However, partnering with established companies can allow you to join an extensive network of stockbroking businesses.
So, to help you with your quest, we have curated the list of the Top 10 Sub Broker Franchise in India. Keep reading to discover which broking company might be the right fit for you.
Best Sub Broker Partner in India – List of Top 10 Stock Broker Franchise of 2025
| Si. No. | Best Sub Broker Franchise in India |
| 1 | Motilal Oswal Sub Broker |
| 2 | Sharekhan Sub Broker |
| 3 | IIFL Sub Broker |
| 4 | Angel One Sub Broker |
| 5 | HDFC Sky Sub Broker |
| 6 | Upstox Sub Broker |
| 7 | Kotak Securities Sub Broker |
| 8 | Zerodha Sub Broker |
| 9 | 5Paisa Sub Broker |
| 10 | Axis Direct Sub Broker |
Let us look at why these brands are the Best Sub Broker Franchise in India. Firstly, reputation stands out among all other factors.
All these brands we have listed here have good brand names in the stock broking industry.
Moreover, it is not exaggerated to say that these brands are the be-all and end-all of the stockbroking industry. Next is the revenue percentage shared by the stockbroker.
Checking the commission offered to sell the stockbroker’s products is essential. Usually, the Top Stock Broker Partner gets a very decent commission.
The partner also has to check the broker’s portfolio of products. This will help the sub-brokers sell a diverse range of products to clients.
In addition, the trading platform is another popular factor. It is crucial to have a platform where the sub-brokers can execute the transactions seamlessly.
So, look for a stockbroker with an appropriate trading platform like a website or app. Last but not least is the support. With fantastic support from the stockbroker, a sub-broker can move mountains.
However, sub-brokers and stockbrokers can take the business to new heights with unwavering backing.
Motilal Oswal Sub Broker
With many stockbrokers competing neck-and-neck in the market, Motilal Oswal stands firm in first place as the Best Sub Broker Partner in India.
Moreover, it is India’s leading sub-broker franchise provider, with 7500+ sub-brokers working under it.
Also, with this discount broker, you can offer comprehensive investment solutions for clients.
Benefits of Becoming a Sub-Broker of Motilal Oswal
- Firstly, Motilal Oswal has a one-time security deposit of Rs.1 lakh to 2 lakh.
- Also, the company asks for one-time exchange charges of Rs.3000.
- Moreover, sub-brokers can expect a return on investment in just three months.
- In addition, Motilal Oswal’s dashboard features include brokerage mapping, lead reports, and manual brokerage changes.
- Other features include a monthly payout report, lead addition link, manual lead addition, etc.
- Furthermore, the sub-broker must own a telephone or mobile and a laptop or computer to run a franchise.
- Regarding support, the stockbroker has a dedicated RM, dealer training, product training, advisory support, etc.
Sharekhan Sub Broker
Undoubtedly, Sharekhan is also a Top Sub Broker in India, with over 7000+ partners working under its network.
The discount brokerage company has been in the business for years and has established itself as a reliable and trusted name in the finance industry.
Moreover, with its attractive revenue-sharing model and robust support, it has secured second place on our list.
Benefits of Becoming a Subbroker of Sharekhan
- Firstly, a subbroker of Sharekhan can enjoy a monthly profit of up to Rs.1,49,600.
- Secondly, the discount broker offers a commission of 60% to 70% to its subbrokers.
- Thirdly, the payout time remains 30 days for this stockbroker.
- However, the company does not pay any commission for client acquisition.
- However, interested individuals must pay a security deposit of Rs.70,000 to Rs.1 lakh to start the business.
- It should be noted that a reception and managers cabin with telephone and computer are compulsory.
- Moreover, Sharekhan has support for dealer training, product training, advisory support, etc.
- Lastly, the company also offers free advisory to its subbrokers.
IIFL Sub Broker
IIFL is yet another Best Stock Market Franchise in India, offering 60% to 75% revenue sharing.
The company offers multiple product offerings and robust back-office support. The stockbroker also offers personalised digital services to sub-brokers.
In addition, the company provides access to more features, such as the SIP basket, goal planner, client portfolio, and smart save.
Benefits of partnering with IIFL Sub Broker
- The discount broker currently has a total sub-brokers of 12000+.
- Apart from this, a sub-broker can set up the business with an investment of Rs.93,000 to Rs.1,63,000.
- Moreover, the security deposit is relatively low, ranging between Rs.50,000 to Rs.1 lakh.
- For instance, with active clients 250, a sub-broker can generate an income of Rs.1,42,500.
- Conversely, the dashboard features include brokerage mapping, manual brokerage change, a leads report, and a monthly payout report.
- Moreover, the IIFL-authorized person must have a dealer terminal.
- Nevertheless, the company offers sub-brokers acquisition, marketing, advisory, and back-office support.
Angel One Sub Broker
The next on our list is Angel One Sub Broker.
Angel One, earlier known as Angel Broking, is a prominent name in the stockbroking industry.
However, it rose to fame as a Top Stock Market Partner in India with its services and offerings.
Moreover, with 1 Crore+ inventors and traders and 11 thousand+ registered authorised personnel, Angel One secured the fourth spot on our list.
Benefits of Partnering with Angel One as a Sub Broker
- At Angel One, the revenue sharing is relatively high. For the unknown, the commission ranges between 50% to 70%.
- Firstly, Angel One has an easy-to-use partner dashboard.
- Also, a dedicated relationship manager is provided to the subbrokers.
- Moreover, individuals can initiate sub-broker businesses with zero office expenses.
- Furthermore, the company offers tech, marketing & branding support.
- The sub-broker can have a good earning potential of up to Rs.1,65,000 per month.
- Above all, Angel One has an innovative training program for its sub-borkers.
HDFC Sky Sub Broker
HDFC Sky is the most trusted brand in the finance market.
Indeed, its partner program is as popular as its wide range of innovative financial solutions.
With its out-of-the-box products and services, HDFC Sky became the best sub broker franchise in India.
Moreover, anyone passionate about investments and the share market can partner with HDFC Sky.
Benefits of Partnering with HDFC Sky as a Sub Broker
- First and foremost, with the brand value of HDFC Sky, a sub-broker can easily take the business into the crowds.
- Subsequently, the company offers marketing support for client acquisition and engagement.
- Also, the company provides digital sourcing & servicing of clients.
- Moreover, the interested sub-brokers will get the required business strategies and soft skills training.
- Furthermore, RM support is provided, which is handy for lead generation.
- Also, there is a complete product offering to the clients through the stockbroker.
- Lastly, the company offers attractive commissions to its partners.
Upstox Sub Broker
Upstox is India’s leading wealth-tech platform, with over 3,500+ sub-brokers.
The platform offers a wide range of products to sell to clients and provides a complete registration process.
Sub-brokers can effortlessly cater to a diverse client base with the help of the all-in-one partner dashboard.
Benefits of Becoming a Sub Broker with Upstox
- Firstly, as a sub-broker working for Upstox, you can earn account opening incentives based on revenue generated per client.
- In addition, customer team support is available for the partners that provide comprehensive support.
- Also, with the help of the powerful dashboard, sub-brokers can keep track of all their earnings.
- Furthermore, analysing the leads and customers through the trading terminal is easy.
- Moreover, a registered sub-broker of Upstox can earn a commission of 30% to 40%.
- Subsequently, this Top Share Market Franchise in India offers Rs.300 per client acquisition.
Kotak Securities Sub Broker
If you want to grow your business, Kotal Securities could be your partner for reliable, innovative, and comprehensive financial solutions.
It is also one of the Top 10 Sub Brokers in India, offering amazing features to its subbrokers and clients.
Moreover, individuals can form full-time partnerships with the company and receive dedicated business development support.
Benefits of Partnering with Kotak Securities as a Sub Broker
- Firstly, with a high revenue-sharing model, Kotal Securities stands in the 7th place on our list.
- Also, with robust technology, the platform ensures seamless operations.
- Furthermore, the company offers a comprehensive product suite to meet every client’s needs.
- In addition, to help grow your business with the best client servicing, Kotak Securities offers RM support.
- Moreover, the platform has a trading terminal and a central dealing dush for its partners.
- Subsequently, as a Kotak Securities sub-broker, you can earn 60% to 70% commission.
- Lastly, the average monthly profit is around Rs.1,10,760.
Zerodha Sub Broker
Thanks to its robust features, Zerodha has become a reliable source for traders and investors.
The discount broker has acquired 5,000+ sub-brokers under its umbrella.
Financial enthusiasts with knowledge of stocks and investments can also try their hand at the business.
Moreover, with strong backing from an established stock broker like Zerodha, earning a decent commission in no time is easy. These are some reasons why Zerodha has become the best Sub broker.
Benefits of Becoming a Partner of Zerodha
- First and foremost, Zerodha partners are entitled to earn a commission of 30% to 50%.
- Also, the average monthly profit they can earn is approximately Rs.1,20,000.
- On the other hand, the payout time, which is 30 days, is very feasible.
- Moreover, sub-brokers can start their earnings within one month of breakeven time.
- However, there is no security deposit to begin as a sub-broker with Zerodha.
- But, there is a one-time exchange charge of Rs.11,000.
- Above all, the company offers free delivery trading to its partners.
5Paisa Sub Broker
5Paisa is one of the Top Sub Broker in the industry, offering innovative products and services.
Moreover, the brokerage house has an excellent reputation in the industry for its tech-driven approach.
Also, using digital platforms and cutting-edge tools to address and execute transactions went well with the sub-brokers and clients.
Benefits of Becoming a Sub-broker of 5Paisa
- At present, 5Paisa has 3000+ active sub-brokers selling its products across the country.
- Moreover, the discount broker offers a commission of 30% to 50% to its subbrokers.
- Furthermore, as a sub-broker of 5Paisa, the individual can earn up to Rs.1,20,250.
- Also, 5 Paisa offers the highest referral bonus: Rs.555 per client acquisition.
- So, finance enthusiasts can start a sub-broker business with zero security deposit.
- However, it collects exchange charges of Rs.3000 from the subbrokers.
- Furthermore, the office expenses range between Rs.25,000 to Rs.50,000.
Axis Direct Sub Broker
Last but not least on our list is the Axis Direct Sub Broker business.
It is yet another Top 10 Sub Broker Franchise in India.
With 1800+ sub-brokers currently working under it, it is one of the leading sub-broker franchise providers in the country.
Moreover, the stockbroker collects a one-time security deposit of Rs.50,000 to Rs.1 lakh.
Benefits of Becoming Axis Direct Sub Broker
- Firstly, as an Axis Direct Sub-broker, you will receive a commission of 50% to 70% from the company.
- Like its peers, Axis Direct also collects Rs.3000 as exchange charges from the sub-broker.
- For instance, with 165 active clients, the sub-broker can make 98,450 net profit.
- Furthermore, the return on investment for this business model is 3 months.
- In addition, the bank offers dashboard features such as leads reports, client activation reports, and client portfolio reports.
- Above all, Axis Direct has dedicated RM support, dealer training, product training, etc.
Best Sub Broker with High Commission
| High Commission | |
| IIFL | 60% to 75% |
| Motilal Oswal | 60% to 70% |
| Sharekhan | 60% to 70% |
| Kotak Securities | 60% to 70% |
| Axis Direct | 50% to 70% |
| Angel One | 50% to 60% |
| HDFC Sky | 50% to 60% |
| Upstox | 30% to 50% |
| Zerodha | 30% to 50% |
| 5Paisa | 30% to 50% |
Let us look at the Best Sub Broker with the Highest Commission. Our research shows that IIFL is the number one stockbroker and provides the highest commission.
In addition to this, it provides 60% to 75% of revenue sharing to its sub-brokers. Subsequently, the next is Motilal Oswal, which shares similar revenue with its partners.
However, Sharekhan and Kotak Securities share the same revenue commission with their partners.
However, Axis Direct, Angel One, and HDFC Sky share 50% to 60% commission with their sub-brokers.
Furthermore, the remaining stockbrokers on our list, like Upstox, Zerodha, and 5Paisa, offer 30% to 50% as commission.
Top Sub Broker at Low Investment
| Low Investment | |
| 5Paisa | Rs.28,000 – Rs.53,000 |
| Upstox | Rs.33,000 – Rs.63,000 |
| Zerodha | Rs.41,000 – Rs.71,000 |
| HDFC Sky | Rs.93,000 – Rs.1,08,000 |
| Kotak Securities | Rs.88,000 – Rs.1,58,000 |
| Axis Direct | Rs.88,000 – Rs.1,58,000 |
| Sharekhan | Rs.1,18,000 – Rs.1,58,000 |
| IIFL | Rs.93,000 – Rs.1,63,000 |
| Angel One | Rs.90,000 – Rs.1,75,000 |
| Motilal Oswal | Rs.1,43,000 – Rs.2,58,000 |
It is crucial to check the initial investment before starting a new business. Moreover, starting a business with zero to low investment is a brilliant idea.
If you agree, check out the table below for the Top Sub Broker at Low Investment. Besides, 5Paisa takes first place.
Starting a sub-broker business requires only Rs.28,000 to Rs.53,000 in initial investment.
Secondly, Upstox has an initial investment of Rs.33,000 to Rs.63,000. Thirdly, Zerodha has a low investment rate, between Rs.41,000 to Rs.71,000.
Also, you can check the table for investments required for other stockbrokers in the market.
Best Sub Broker Franchise with a Large Network
| Large Network | |
| Angel One | 20,000+ |
| IIFL | 12000+ |
| Motilal Oswal | 7500+ |
| Sharekhan | 7000+ |
| Zerodha | 5000+ |
| Upstox | 3500+ |
| 5Paisa | 3000+ |
| Kotak Securities | 2000+ |
| Axis Direct | 1800+ |
| HDFC Sky | 1000+ |
Having an extensive network of professionals working under a company boosts the confidence of newbie sub-brokers.
Also, if you want to partner with the Best Sub Broker Franchise in India with a large network, you can check the list here.
Moreover, Angel One is the number one stockbroker with the largest network of over 20,000 professionals.
IIFL is next, with a network of 12,000+ professionals. Motilal Oswal is third with 7,500+ professionals.
Also, Sharekhan made its spot in the list in fourth place with 7,000+ sub-brokers working actively. Finally, Zerodha has over 5000 individuals working as sub-brokers under it.
Top Sub Broker Partner with High Expected Income
| High Expected Income | |
| Motilal Oswal | Approx Rs.165,250 |
| Angel One | Approx Rs.1,65,000 |
| Sharekhan | Approx Rs.1,49,600 |
| IIFL | Approx Rs.1,42,500 |
| Zerodha | Approx Rs.1,20,000 |
| 5Paisa | Approx Rs.1,20,250 |
| Upstox | Approx Rs.1,11,000 |
| Kotak Securities | Approx Rs.1,10,760 |
| Axis Direct | Approx Rs.98,450 |
| HDFC Sky | Approx Rs.89,500 |
Everyone dreams of earning a handsome amount of money. It also goes with the sub-brokers, and in a sub-broker business, the earnings are very satisfactory.
With that said, Motilal Oswal is the Best Sub Broker Partner in India, with an expected income of Rs.165,250.
However, the next one is Angel One, which provides its sub-brokers an income of Rs.1,65,000. Moreover, Sharekhan is third, with an expected revenue of Rs. 1,49,600.
The fourth place goes to IIFL, which lets its sub-brokers earn an income of approximately Rs.1,42,500.
Zerodha is also no exception when offering decent earnings to its sub-brokers. Furthermore, the sub-brokers can earn approximately Rs.1,20,000 by selling their products.
Top Stock Broker Partner with Great Support
Support from the parent company is essential for any business to flourish, especially in an industry like stock broking.
When it comes to support, almost all the discount brokers on our list have great support for their sub-brokers.
However, there are only a handful when we must pick the Top Stock Broker Partner in India with great support.
Motilal Oswal, Sharekhan, IIFL, Angel One, and Kotak Securities were among the best stockbroking companies. These companies offer excellent support to their partners.
Best Sub Broker in India – Conclusion
The sub-broker business is seeing steady progress. Moreover, there is a vast scope for finance enthusiasts to explore the world of sub-broking and create an impact with their unique business strategies.
We have also compiled this article to assist you in your search for the Best Sub broker in India.
Furthermore, we hope you find it informative and helpful in making the right choice to meet your financial goals and business aspirations.
Also, we are sure there is no looking back regarding a business like sub-brokership, especially in the digital transformation era and increasing financial awareness.
FAQs related to Best Sub Broker Franchise in India
Check out various FAQs on Best Sub Broker Partner.
Which is the Best Sub Brokership in India?
Motilal Oswal is the best sub-brokership franchise in India. It also ranks first in many industry aspects.
What is the average cost of becoming a Sub Broker?
The average cost of becoming a sub-broker with top stockbroking companies is Rs.28,000 – Rs.53,000.
Which Sub Broker Program has a Great Support Structure?
Without any doubt, Motilal Oswal has a great support structure compared to its peers. However, you can check the table above to find out other programs with great support.
How much does a sub-broker earn?
The sub-broker’s earnings depend entirely on the stockbroker and the number of products sold. However, on average, a sub-broker can earn up to 1,65,250.
Which Stock Broker Franchise charges low Investment?
5Paisa is the stock broker franchise that charges low investment from the sub-brokers. It charges around Rs.28,000 to Rs.53,000.
Is Sub Broker Business a good career option?
Yes. The sub-broker business is a good career option, especially given the growing interest in stock markets and investments.
Which Sub Broker Program provides high commission?
The IIFL sub-broker program offers high commissions to partners. Motilal Oswal, Sharekhan, and Kotak Securities also offer high commissions to their partners.
What are the monthly expenses for a subbrokership?
The monthly expenses of a subbrokership range between Rs.35,000 and Rs.55,000. Again, these expenses vary between stock brokers.
How do you become a subbroker in India?
Firstly, the individual must register with SEBI and obtain an ARN code. Later, he must set up an office, acquire clients, and sell the products to earn commission.
Which Stock Broker Partner has the Largest Network?
Angel One has the largest network of sub-brokers working for it. It has around 20,000+ at present.