Monarch Networth Direct Franchise

Monarch Networth Direct is an Ahmedabad based full-service stockbroker and has the head office in Mumbai. The wealthy experience of the company in the financial market has made it one of the most preferred stockbrokers amongst the customers. Monarch Networth Direct Franchise is one of the prominent offerings for potential partners.

Let’s understand it details in this review.

Monarch Networth Direct Franchise Review

Monarch Networth Direct is the result of the strategic amalgamation of two companies named Monarch group of companies and Networth stock broking Ltd.

Both companies have spent more than two decades in providing financial products and services, now they are together and have emerged as one of the leading financial service providers in the country.

The company has expanded its operation aggressively in North India and South India as well as in remote places.

The broker has a wide network of more than 1,003 Franchises, more than 70 branches with more than 2,26,100 clients (49,683 active) all over the country.

The employee strength of the company is more than 690 employees.

The broker has a membership with BSE, NSE, MCX, MCX-SX, and NCDEX. It offers a wide range of products and services to their clients including:

• Equity
• Derivative Trading
• Commodities
• Currency Trading
• Mutual funds
• IPO
• Bond and FD
• Life Insurance
• General insurance
• Merchant banking
• Depository

In this article, we will discuss different aspects of the Monarch Networth Direct Franchise in details like the costing, revenue sharing model, types of business model, support to the Franchise, offers etc.

Monarch Networth Direct Franchise Advantages

Following are the advantages of starting a partnership business with the Monarch Networth Direct Franchise

• Both the amalgamated companies Monarch and Networth has more than 24 years of experience in the industry. This is the most obvious reason to choose the broker as a business partner.
• The broker provides a wide range of financial products and services to their clients. The clients need not move anywhere to get any trading and investing product.
• As a Franchise, you will get services and support related to the technology which is required for the smooth trading and running your business without problems.
• You will get ‘live’ back office support from the broker side. It will help you to get your records related to your business like monthly revenue, brokerage or other required details.
• The broker offers a lucrative revenue sharing model with incentive plans. It will help you to remain associated with the broker for a long time without taking tension of moving to another broker.
• The security deposit required by the broker is not too high. It is affordable, one who has good experience in this field and has low capital to start the business can keep this broker as an option.

Monarch Networth Direct Franchise Types

Monarch Networth offers only one type of business model.

• Franchise model

Franchise model:

The franchise model is the only model offered by the Monarch Networth Direct. The main motive behind this model is to help anyone who has the zeal to do business with a minimum investment.

Under this model, you can become an entrepreneur by taking help and support of the broker. The concept is you don’t need to work for others, you can start your own business.

You can join as a Franchise of the company with a minimum investment. If you have a good experience and a good circle of friends and relatives to can be converted into the clients, you are a suitable candidate for the Franchises.

As a Franchise, you are can set-up your own office with some necessary infrastructure. But, this is not demanded by the broker. It totally depends on you how you want to run your business. Whether you require an office or you will run your business from some other way.

Furthermore, you will get support from the broker in client acquisition for your business. They will provide you marketing assistance also for the branding of your business.

Benefits:

• An opportunity to get associated with the brand having huge experience in the broking field.
• Right to access all tools and technology of the broker.
• Can become an entrepreneur with a minimum initial investment.
• Right to fix brokerage charge of your clients.
• An attractive revenue sharing ratio.

Monarch Networth Direct Franchise Revenue Sharing

The money you make out of this business set-up depends on the number of clients you have and the corresponding brokerage your generate. In other words, it depends on how much trading turnover happens through your franchise on a monthly basis.

Franchise model:

The revenue sharing of Monarch Networth Direct is comparatively attractive than the other brokers in the industry. The range is 60%-75%. The minimum which a Franchise will get is 60%, which is far better than others.

The upper cap of the revenue sharing ratio can be increased on the basis of certain pre-decided factors like your previous experience, prospected revenue sharing ratio, security deposit and bargaining power with the broker.

They also give some incentives to the Franchises on the basis of business generated by them. They keep launching on time to time and gives an opportunity to the Franchises to earn more and more.

The payout to the Franchise is on a monthly basis and on the basis of per trade.

Monarch Networth Direct Franchise Security deposit

In order to get into this business, you need to fund the broker with an initial deposit. Although this amount is refundable in nature, it certainly brings seriousness to the business.

Franchise model:

Under the Franchise model of Monarch Networth Direct, a Franchise needs to deposit a minimum of ₹75,000- ₹2,00,000 as a security deposit. The security deposit demanded by the Monarch Networth is fully refundable without interest.

The whole security deposit will be refunded when you exit from the agreement with the broker.

The security deposit is demanded in lieu of the tools and technology used by you, for the access of the portal of the broker. Moreover, there is a lot of support given by the broker to the Franchise to run their business smoothly.

Apart from this, the broker doesn’t demand any other amount to start a partnership business with them.

Monarch Networth Direct Franchise Registration

Following are the steps, you are required to follow to become a Franchise of the Monarch Networth Direct.

• Fill-up the lead form with your basic details available here.

• The call centre executive will call you to verify your interest in the sub-broking business.
• Again, you will get a call from the sales executive of the company to fix an appointment for the meeting.
• At the meeting, you can ask any question related to the Franchise business like what is the type of business model, revenue sharing ratio, offers, support etc.
• You will be asked to submit all the required documents with the security deposit cheque.
• After verification, you can start your business by getting an account ID.

The whole process will take 4-6 business days to complete.

Summary

Monarch Networth Direct Franchise is rich in experience in its field. The partners will be benefitted by their extensive experience. At the same time, the broker is offering a very attractive revenue sharing ratio with an affordable security deposit.

One of the important things is that the broker is not demanding any office or infrastructure set-up to run your business. Means you can start your business without any interference from the broker side if you have a good experience in this field with the client base.

The broker offers a variety of financial products and services and has a wide offline presence also.

Overall, the Monarch Networth is a good option to start a partnership business in the broking space.

If you are interested, we can assist you in setting up your stockbroking business. Just use the form below to get started: