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Sharekhan Franchise Details
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Sharekhan is a prominent name in the Brokerage industry. Many people wish to apply for a franchise of Sharekhan. Today, we’ll discuss the Sharekhan franchise details with you so that the basic confusion in this regard can be sorted.
But before delving into the depths of these details, we need to know some basic information about Sharekhan. This will ensure & reinforce your decision to invest in the Sharekhan franchise.
Sharekhan is a full-service broker and is a registered firm in NSE & BSE for the capital market, futures & options, and currency segment. It also has CDSL & NSDL depository services.
Also, read the Sharekhan Sub-broker commission.
The aspiration to work for yourself and be the boss is one that keeps on doing rounds in our head. The Sharekhan franchise business is one such opportunity. By investing your time, energy, money, and efforts in this venture, you’ll be rewarded with the best of what you deserve.
There are 3 types of Sharekhan Franchises List offered. They are:
- Independent Financial Advisor (IFA)
An individual who is already a financial advisor or is new to the field can become an IFA. You could be a distributor for financial products too.
You get to access calculators and web-based tools to provide services to your clients and prospective clients too.
- Power Broker
If you ask us to summarise this one in one line, it would be – Open your office and acquire large scale business.
This type of Sharekhan franchise offers all kinds of trading options to the customers, and you get to customize your services for the HNI (High Networth Individuals) clients.
- Remisier
Register for this Sharekhan Franchise, and all you’d have to do is refer your contacts & HNIs to Sharekhan. The rest will be taken care of by the managers at their branches.
For every referral, you’ll be given a substantial amount of commission, which can be negotiated while you sign the contract with Sharekhan authorities.
The highest jump you get to experience in this transition phase is from being an employee to becoming an employer.
If you think that working as a Sharekhan franchise is being just a subsidiary, then you’re wrong, big time.
In all likelihood, you will become the friend’s advice or a mentor’s guidance to invest in the diversification of financial instruments available in the market.
Have you thought of starting your own business in stock market trading, but every other broker asks for some experience?
Here is the answer to your question How to get Franchise of Sharekhan?
We have a simple answer to your concerns. Sharekhan Franchise.
The Sharekhan franchise requirements are easy to meet, and even people with zero or negligible experience can become a Sharekhan partner program.
With this simple pre-requisite sorted, let’s move on to discussing the mandatory requirements for taking a Sharekhan Franchise. They are as follows:
- You must be registered as a sub-broker at either exchange – NSE or BSE.
- You need to have a bachelor’s degree. Commerce is preferred but not mandatory.
- You should have the skill of client dealing.
- You must be 18 years old to start your business or trade with any broker for that matter.
Having understood these necessities, documents required for acquiring a Sharekhan franchise are:
- Aadhar Card
- Proof of educational qualification
- Date of Birth proof (21 years or older)
- PAN Card
- Bank Statement or Details
- Lease Agreement for Franchise Office.
- Address Proof
- 2 recent passport size photographs
Besides these documents, there are a few documents that aren’t compulsory but could strengthen your prospect of approval. They are:
- Graduation in Finance
- 1-2 years of experience as a sub-broker or financial advisor
- Experienced business owner
Every company highlights its best when it comes to generating leads and convincing people to invest with them. But what speaks volumes is a third party praising the firm. Right?
Let’s talk about the long list of benefits offered under the Sharekhan franchise.
- Brand Name
Sharekhan is a well-known name across the nation. With its wide presence, it has reached the level where no amount of introduction can suffice what Sharekhan in its entirety is.
With more than 3200 outlets opened in India, Sharekhan has certainly become a household name.
Partnering with them for Sharekhan Franchise would provide a good push to your business & your credibility.
- Technology
Sharekhan uses a robust set of technologies to ensure good connectivity with the markets & for regular updates. The systems at Sharekhan can carry out 1.5 million trades in one day.
The most used & popular trading platforms of Sharekhan are – Sharekhan Trade Tiger, Sharekhan Mobile App, Sharekhan Mini.
- Research
Sharekhan has a central team of analysts that put out their analysis of the market. This report includes fundamental and technical analysis. Since this industry is based on fine research, this is one of the most treasured features of the company.
- Training
Trading in the Stock Market can only be made easy with deeply rooted knowledge of the industry. To simplify this part, Sharekhan provides training for all of its employees and partners for free.
- Business Practices
To replicate their corporate set up at all the outlets across the nation, the partners and partners were well-versed with the core values to enhance trust among customers and increase transparency.
- Marketing Support & Help
Sharekhan helps you grow & their dedicated relationship managers provide tips and tricks to up your game. They also help you with any issues you face.
In addition to these, there are many other small benefits like access to their daily operations, low customer complaint ratio, etc.
- Ledger
Sharekhan ledger provides you all the information regarding the activity of buying and selling of stocks in a summarized way. This way you can make a good investment decision.
As the saying goes – What sow is what you reap; you have to invest first to reap its benefits.
There are two parts of investment you need to do for setting up your Sharekhan Franchise – Deposit at Sharekhan & Setting up the office.
The amount that is taken as a security amount by Sharekhan is the deposit amount mentioned above. This varies from ₹70,000 to ₹1,00,000. This depends on the type of Sharekhan franchise subscribed.
Sharekhan expects you to set up the office on your own. The Sharekhan Franchise Cost/expense in this can range from ₹1,00,000 to ₹1,50,000.
Combining both of these, you can expect an initial investment of 2 lakhs approximately.
When you’re expected to invest an amount around 2 lakhs, you must be expecting a good return, right?
The profits you earn would be split into two parts. Depending on the deal you signed with the company, it can vary from 60:40 to 70:30.
To explain this, understand this-
For instance, you make a profit of ₹1,00,000 per month. This profit will be divided in the ratio you locked the deal at. Let’s assume it to be 60:40. Then, ₹60,000 will be your share, and the rest will be paid to Sharekhan.
How to take the Sharekhan franchise?
The steps to becoming a Sharekhan franchise are:
- Go through the eligibility criteria of the Sharekhan franchise.
- Visit your nearest branch of Sharekhan or fill the form on their website.
- Read & understand all terms & conditions.
- Sign the papers & pay the investment fee.
- Next, the verification will be done—a post which an assigned executive will visit to check the location & premises.
- After a thorough check, you’ll be provided with the onboarding formalities.
- You’ll be given the must follow the rules as you’re now a part of the corporate brand.
- Sign the agreement after completing a proper reading of the documents.
Also, know about Sharekhan Franchise Near Me
Congratulations, you’re done!
Closing Thoughts
I hope these Sharekhan Franchise Details have cleared all your doubts, and your plan to take up a Sharekhan franchise is reinforced.
Sharekhan is undoubtedly a highly preferred stockbroker in India & you can encash its customer base to your benefit.
Good luck from us on the joyous ride of success with Sharekhan.
Frequently Asked Questions (FAQs)
- How do I get a Sharekhan Franchise?
- It’s a simple step by step procedure.
You need to make sure you meet the eligibility criteria for becoming a Sharekhan Partner. Then, visit their website and click on the ‘Become a Partner’ tab.
A form will appear in front of you. Fill in the details & click on submit. You can email or call them in this regard too.
- Do I need a degree to be a Sharekhan Associate?
- The eligibility criteria for becoming a Sharekhan Associate says that although they’ll prefer a person with a Finance background, franchises are approved to a graduate with any subject in their majors.
- What can be the total investment amount to open a Sharekhan Franchise?
- The complete investment can be expected to be around 2 lakhs, including the security deposit & office set up costs.
- What documents are required for opening a Sharekhan Franchise?
- The necessary documents are – Aadhar Card, PAN Card, Address Proof, Lease Agreement of the Office space, Bank Statement, Educational Qualification, and DOB Proof.
Wish to open a Demat Account, please refer to the below form.
Know more about Sharekhan