Karvy Franchise

Karvy Franchise model has been around for a while, although, the stockbroker’s broking business was established more than 35 years ago. With this offline business model, the broker has been able to gain a lot of brand traction and is still continuing to do so.

Karvy Online offers multiple business models of association, corresponding requirements, costs, revenue sharing incentives, benefits etc. We will discuss all of these details at length and hopefully, you will be able to figure out where exactly you can fit yourself in this stockbroking ecosystem.

Karvy Franchise Review

Karvy Online is a financial services firm that comes under the Karvy group of companies and provides online trading services to the customers. The company was established in 1983. However, the online broking segment was introduced much later.

It was founded in Hyderabad and still has its headquarters in the same city. Karvy Online is one of the biggest names in the finance industry and has won numerous awards in a variety of departments.

They have a program named Karvy Fortune that lets the clients form a partnership with the company. The Karvy Fortune program provides a variety of partnership models for all kinds of traders and investors. Over 60 million investors are working with Karvy, and there are 1200+ offices over 330 locations in India and overseas countries such as Dubai and New York.

Karvy franchise is one of the most sought after franchise in the whole country.

As per the company and the people already associated as Karvy Franchise partners, there are many benefits of working with them (more on that later).

Being an old brand, there are a lot of negative and positive comments that keep floating on the internet. You just need to be cautious about how to validate what other people have to say.

Here are the benefits that you can have on partnering with Karvy Online:

• Leverage the Brand Name
• Educational Support
• Customer-Centric Approach
• Variety of trading options
• Regular research and market tips provided
• Equal Opportunity Employer

To explain the Karvy Franchise and partnership in detail, we have created a Karvy Franchise Review. This will help you in making up your mind on whether you want to work with Karvy or not. For more details, please keep reading.

Karvy Online Partnership Models

Karvy online provides three partnership models to all the interested people. All these partnership models are built to help the ambitious and hardworking individuals to earn profits in the trading business.

The best part about having a Karvy Franchise is that there is a low risk of loss since the company has already made a huge market for itself and is a valued name amongst the customers.

Here is all you need to know about the different partnership models:

Karvy Self-Setup Broker

The first type of partnership is the Karvy Sub broker or the self-setup broker. Just like any other company, the Karvy Franchise is a person who partners with Karvy group and sets up their own broking business under the brand name. The job is to handle the existing clients of the company and also bringing some of their clients to improve the business. 

You can even bargain your profit percentage with the company at the time of contract signing.

Karvy Sub Broker Criteria

Learn the eligibility criteria here if you are looking to set up a sub-broker business with Karvy Online:

• The applicant should be 21 years or above in age.
• The applicant should have a valid degree of 10+2. Additionally, graduation and post-graduation degrees are given preferences.
• The applicant needs to have a minimum of two years of experience in the trading and stock market business.
• You need to have all the required papers ready for the registration.
• You should ideally be self-employed and working as a CA, financial advisor, MF or Insurance Agent, ICFA etc.

Karvy Sub Broker Advantages

You will get the following benefits in case you look to work as a sub-broker with Karvy Online stockbroker:

• Working under a big brand name earns customer trust and ensures lots of work. So you don’t need to put much of an effort when it comes to creating a trust factor among the potential client base.
• A wide range of trading and investment products are at your disposal so that you can offer those to your potential clients. This, invariably, increases the overall market size for you since there is a variety of different financial products to offer.
• The marketing is completely handled by the company saving you the investment.
• The company handles all the problems and customer complaints.
• You will be provided with the latest stock market research coming from the in-house research team of Karvy. This research can certainly work as a huge advantage for you in beating the competition.
• The company provides training and the necessary material for setting up a business.
• Since the brokerage is based on the trading turnover, you get a great opportunity to earn big profits from each client.
• You get access to the company client base which is spread across the country.

Karvy Sub Broker Fees

If you want to trade in commodities, the initial deposit that you have to make is ₹25,000 to ₹50,000. You also have to pay a nonrefundable registration charge of ₹2390 and CTCL of ₹250 per month. If you are trading in currency, you need to pay a registration fee of ₹2390 and a CTCL of ₹250 per month. For the equity segment, there are two models.

One of those is the e-Franchise model in which you have to pay ₹25000 initial deposit and ₹7500 as registration.

In this model, as per the broker, you can touch break-even and move to profitability as soon as you activate 10 client accounts.remi

The second is the Brick and Motor Model in which you have to make an initial deposit of ₹50000 and ₹7500 as the registration fee. In addition to these, you will also be required to set up an office which will be another investment of ₹50,000 t0 ₹3 lakh depending on the city.

As per the claims of the broker, the return on investment (ROI) can be anywhere in the range of 30% to 300% depending on your business approach. Their data goes even further and makes a claim that you can be in a break-even position as soon as you open and activate 25 client accounts.

Karvy Master Franchise

A Master Franchise is an opportunity for the people to earn some profit from the Karvy Online by introducing new Karvy Franchise to the company. Once you introduce the Karvy Franchise to the company, you can earn up to 5% to 10% of the brokage amount paid by the franchise.

Karvy Master Franchise Criteria

Learn the eligibility criteria here if you are looking to set up a master franchise business with Karvy Online:

• The applicant should be of a minimum age of 20 years or over to apply for the post.
• They should have at least two or three years of experience in the trading and stock market business.
• They should have a good customer base and should be able to get clients to the company.
• Minimum qualification of 10+2 is required to apply.
• All the documents should be ready at the time of the registration.

Karvy Master Franchise Advantages

You will get the following advantages in case you look to work as a master franchise with Karvy Online stockbroker:

• Easy earning opportunity
• Support from Karvy
• Leverage the big brand name of the company
• Training and Experience
• No cost of setup

Karvy Master Franchise Fees

To become a Master Franchise with Karvy, you need to make an initial deposit of ₹50,000. This deposit is completely refundable when you exit the organization. Hence you do not have to make any huge investments.

Karvy Remisier

As a remisier with the company, the only job you have is to bring the clients to the company and earn profits from them. All you need to have is a strong client base and a small deposit amount, and you can earn 40% of the profit from the company. This is the most profit that any company pays to the remisier. Here is all you need to know to become a remisier.

Karvy Remiser Criteria

Learn the eligibility criteria here if you are looking to work as a remisier with Karvy Online:

• The applicant should be of the age 20 or over at the time of applying.
• The applicant should have a 12th pass certificate. Higher degrees are given preferences.
• The applicant should have good convincing skills and should be able to bring the customers to the company.
• Two years of experience as a reviser or of working under a broker or sub-broker is required.
• All the documents should be valid and complete at the time of registration.
• Minimum 1 year of experience in selling financial and investment products can certainly work in your favour.

Karvy Remiser Advantages

You will get the following positives in case you look to work as a Remiser with Karvy Online stockbroker:

• Leverage The Brand Name
• No Cost of Setup
• A wide range of investment products for your client base.
• Training and Experience
• High-Profit Earning Opportunities
• Freedom To Work

Karvy Remiser Fees

Any applicant needs to deposit ₹25,000 to become a remiser at the time of the registration. Apart from this amount you do not need to pay or make any investment to start working.

Having said that, in a few cases, this initial cost is levied off based on your client base size and the corresponding trading turnover.

Karvy Individual Financial Advisor

If you are an individual or represent a firm who has a network of investors, then you may choose the Karvy Individual financial advisor model. There is no initial cost, no infrastructure cost needed to get you started.

All you need to do is bring your existing client base and be open to acquire new ones as well.

You need to have some sort of experience in the range of 2-3 years in the domain of financial investments. If you have been selling mutual funds as an advisor or an agent, then you must have a valid and active NISM/AMFI certification.

Like mentioned above, there is no initial cost and you do not need to set-up any office. Thus, your profitability starts from day 1 with all the major workload taken care by Karvy operational teams.

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Karvy Franchise Registration

Opening a Karvy Franchise is hassle-free and can be done with just a click of a button. However, before we jump into the detailed steps, you should keep in mind that there are a few criteria that need to be met to be eligible for the Karvy Franchise.

Make sure you come under the criteria, or your application will be outright rejected. Additionally, you also need to deposit a small amount at the time of registration. After you have seen all these clauses, move further to the following steps:

• From all the business models mentioned in this review, figure out the one that suits you the best.
• Then you need to fill the registration form, like the one displayed below:

• Once you fill the form, the team will get back to you and arrange a telephonic or face to face interview.
• As soon as your documents are approved, and the company agrees that you are suitable for the work, they will forward your application.
• You will now be registered as a Karvy Sub broker and can start your own business.
• The documents that you will need at the time of the registration are as follows:
  • PAN Card
  • Adhaar Card
  • Address Proof
  • Date Of Birth Certificate
  • Experience certificates.
  • Educational qualification degrees
  • Bank records or a cancelled cheque.

Generally, the whole process takes 3 to 4 business days depending on how clean your documentation is. If there are some issues with any of the documents, there may be a lag of a few days before your Karvy franchise account is activated.

Read this review in Hindi.

Conclusion

After giving a thought to all the Karvy Franchise details, we have concluded that partnering with the Karvy Online can be a good business opportunity for most of the people. The people who have talent and experience can do well with a big brand name attached to their business.

So, if you can pay the Karvy Online Franchise Cost and meet all the requirements, it is a good option to opt for a Karvy Online Franchise. However, make sure to read all the terms and conditions of the company before making any commitments.

The investments can bring back good results if you have the right knowledge and the right companion.

In case you are looking to open a sub-broker or master franchise business, then let us arrange a callback for you.

Just fill in the details below and you will get a call from B2B onboarding team: