Aditya Birla Money Franchise

Aditya Birla Money Franchise business has quite a bit to offer to its potential business partners. The broker already has a significant presence across most parts of the country and still continuously looks forward to any other potential partnerships with interested business partners.

The core idea is to reach as close as possible to its target client base and create a trustable trading environment.

In this Aditya Birla Money Franchise review, we will be looking at the different aspects related to the partnerships the broker has to offer, its corresponding costing and business revenue opportunities.

Aditya Birla Money Franchise Review

Aditya Birla Money is a full-service stockbroker with its corporate office in Chennai. Established in the year 1994, Aditya Birla Money offers multiple values to its clients, one being the offline presence it has across different cities and towns of the country. In total, the broker has offices in more than 250 cities with its 2200+ locations.

Aditya Birla Franchise business commenced in the year 2000 and today, the broker has reached a position where it claims that its partners get break-even within the first 2 months of operations’ initiation.

With this full-service stockbroker, you can allow your clients to invest in multiple segments such as Equity, Mutual Funds, Currency trading, Commodity trading, IPO, Insurance, Margin funding, Wealth advisory etc.

This offline strength can be termed as one of the top ones in the industry. For more information, you can check this detailed article on Top Stockbrokers in India in terms of the sub-broker network.

In this detailed review, we will have a quick look at Aditya Birla Money’s franchise review, what it takes to open one, the eligibility and requirements, benefits, fees, revenue sharing aspects and more.

In case you are looking to open a franchise office around your region, by the end of this review, you will be able to make up your mind on whether to go ahead with Aditya Birla Money as a partner or not.

Also, read Aditya Birla PMS

Aditya Birla Money Franchise Criteria

Let’s talk about the requirements Aditya Birla Money has placed for its prospective business partners. These requirements are at professional, monetary as well as ethical levels.

Here is a quick look:

• An initial investment of at least ₹1,00,000 is needed, which acts as an initial deposit with the stockbroker. This amount is returned to you as and when you decide to close your franchise account with the stockbroker.
• A floor area requirement is kept at 150 square feet to 500 square feet for your office space. This office needs to be in a dense area for easy & high client footprint. This office needs to have basic amenities such as computer systems, internet connection, electricity, few employees, basic furniture etc.
• An exclusivity agreement needs to be signed between the stockbroker and your business.
• There will be some necessary documentation that you need to take care of. These documents need to be attested by a local chartered accountant or a Notary officer along with your attestation, including:
  • PAN Card
  • Aadhar Card
  • Education Proof (you need to be at-least educated till Intermediate level or 10+2 for this business)
  • Residential Address Proof
  • Office Address Proof (can be an electricity bill, phone bill, bank statement)
  • 4 passport sized photographs
  • Reference letter from a Chartered Accountant

The stockbroker also puts in some professional requirements as listed below:

• You need to have a minimum of 2 to 3 years of experience in the stockbroker business.
• Basic level understanding of the share market trading is needed.
• Minimum education of Higher Secondary level or 10+2 in other words. A bachelors degree is preferred.
• You must be a minimum of 21 years old.

There may be some other requirements put in by the executive of Aditya Birla money but the ones listed above cover the major chunk of expectations that you would need to take care of.

Make sure you have all the necessary documentation and other arrangements in place for an easy onboarding process.

Aditya Birla Money Franchise Cost

There are a few fee requirements that the broker requires you to take care of. Those are listed below:

Initial Upfront Deposit

As mentioned above, you will be deposit initial security of ₹1,00,000 with Aditya Birla Money. This deposit stays with the stockbroker as long as you continue your franchise with it. Post closure, your deposit is refunded back to you (without any interest).

Terminal Software Fees

The broker may choose to levy a monthly terminal software usage fees in the order of ₹250 – ₹500.

Registration Charges

A one-time registration charge of ₹2360 per trading segment is levied as well.

Aditya Birla Money Franchise Revenue Sharing

When it comes to revenue sharing, Aditya Birla Money goes to the level of sharing 70% of the overall brokerage generated by the franchise partner. However, this can go a bit down as well depending on the business scale of the sub-broker.

The way to understand this is pretty simple.

For instance, as a franchise, you have a total of 100 clients from your region that generate a total of ₹10 Lakh in a month. Then, as a business partner of Aditya Birla Money, you will get 70% i.e. ₹7 Lakh from that amount.

This revenue sharing is certainly negotiable in nature. In fact, we would suggest you negotiate to as much length as possible when you have an initial discussion with the executive of the stockbroker.

Aditya Birla Money Franchise Registration

In case you are looking to open a franchise or sub-broker office with a stockbroker, all you need to just first is to fill the form below:

 

Once you fill in the details, a callback will be arranged for you. The executive will provide and ask for some basic details for your application to get started. He/she may also ask for some documentation to be sent to a broker registered email id.

Then a face to face meeting with one of the broker executives will be arranged with you at a preferred time and location. In this discussion, the broker executive will provide a business partner/franchise form to you that needs to be duly filled and signed. You are required to hand back the form back to the executive post filling.

Your documents will then be verified and processed.

Post verification, you will need to handover the requisite fees (check Aditya Birla Money Fees section above) in the form of signed cheques. You can make this payment through online transfer modes as well.

Once all formalities are completed, a relationship manager will be assigned to you who will take care of all the formalities related to franchise onboarding. For instance, assisting in setting up your office as per Aditya Birla Money Brand specifications, providing you with marketing collaterals, pamphlets, visiting cards, setting up your trading terminal etc.

Even if your business goes into the operational mode, this relationship manager will stay your one point of contact with the stockbroking firm. And in case you need any assistance from the broker or you have any query, the same relationship manager will help you out in all such matters.

Aditya Birla Money Franchise Benefits

Some of the benefits of opening up an Aditya Birla Money Franchise are:

• The brand is relatively old and has user trust plus brand equity. This directly assists in easier customer acquisition.
• The research provided by the stockbroker is among the most prominent ones.
• Initial deposit is not that high.
• Better than average revenue sharing percentage.
• Competitive trading platforms and softwares.
• A wide range of investment and trading products to be offered.

Thus, in case you are looking to set-up your franchise business, let us assist you in that. Just fill in these basic details and relax!

 

Aditya Birla Money Branches

The broker currently has offices in the following locations across different parts of the country, including:

You can read this Aditya Birla Money Franchise review in Hindi as well.