Groww is a new-age stock brokerage company with amusing products and services at its disposal.
If you want to start your own business in the trading industry, you can step into the world of Groww to explore a myriad of opportunities.
With the unconventional Groww Franchise plan, you can experience next-level trading.
Moreover, you can gain profound expertise in the trading and stock industry with the help of the Groww Partner plan.
|Line of Business
|Unit / Shop Area
|Commission% / Revenue Sharing
|30% – 50%
Why Invest in Groww Franchise?
We have emphasised the Groww Sub Broker Benefits here. Before diving into the topic, let us examine them in detail.
- Unlike other stock brokers in the market, this broker doesn’t charge a penny from the partners in the name of initial investment or security deposit.
- You will be on an earning spree within a month of becoming a Groww Sub Broker.
- Earn up to 30% of revenue share here, which is exquisitely impressive given the low initial investment.
- There is no need to bring clients daily or handle their trading requirements.
What do you know about Groww Sub Broker?
|About the Brand
|Finance & Money
|Founded In (year)
|No. of Franchise Outlets
|Master Franchise Model
|All over India
|Business Set-Up Time
|Franchise Commencement Year
Groww is a discount broker company headquartered in Mumbai. The company was founded in 2016 and has expanded its wings to more than 100 outlets nationwide over a short period.
Its progressive products and services have drastically enhanced its brand value. In addition to this, the Groww Sub Broker plan is well-liked by the crowds.
The plan has immensely helped Groww proliferate quickly. The market performance of products and services also increased significantly, and it is all thanks to the cutting-edge strategies employed by the company.
How many types of Groww Franchise Models available?
|20% to 30%
|Rs.300 per Account
Groww promotes two business models to expand its business to every nook and cranny of the country.
Groww Partner Model
As a Groww Partner, you should liquidate products and services. It would be best if you spotted the prospective clients who are ready to trade and pitch them the products according to their preferences.
Furthermore, you must maintain client retention for consistent business and revenue as a partner. There is no limitation on the number of leads you generate.
In fact, you can make more earnings if you manage to bring more clients. The partner program activation takes seven days; you can then commence lead generation.
Groww Refer and Earn Model
Groww also has a referral program, which lets individuals earn commissions through promising referrals.
Under the Groww Refer and Earn program, the user must refer its products and services to clients.
If the client opens an account through the referral link, the user will receive a referral commission from the stockbroker.
Groww offers Rs.300 for every successful referral. The referral program is an excellent option for those interested in trading and with an extensive network of connections.
What is the Groww Franchise Cost?
|Investment by Franchisee
|Partner – Franchise Fee
|Referral – Franchise Fee
It is surprising, but you can get the franchise for free. Furthermore, you need not invest in infrastructure as well.
So, if you don’t have an initial investment to start any business, you can look up to Groww. Besides, you can earn a respectable profit from the revenue generated.
Simply put, with zero Groww Franchise Cost, you can make almighty bucks as a partner. Also, there is no investment uncertainty involved in this program.
The company doesn’t even charge a security deposit or exchange charges from the subbrokers or partners.
How much is Groww Sub Broker Commission?
|Commission% / Revenue Sharing
|20% – 30%
|70% – 80%
Rs.300 per new Client
The Groww Partner Commission is around 20% to 30% of the revenue generated. Though the percentage of shares remains the same, the more revenue generated, the more commission you can make from the company.
Your earnings are significantly higher than other market stock brokers without the investment cost. Additionally, partners can earn through referrals.
They can make Rs.300 for each potential client referred to the company. The Commission is an attractive concept for partners who want to master the art of earning.
How much you can earn from Groww Partner Program?
|No. of Active Clients
|Daily Trades per Clients
|Brokerage per Trade
|Trading Days in 1 Month
|Total Brokerage Revenue
|Partner’s Share (30%)
|1 Telecaller Cost
|(Revenue – Expenses)
As a Groww Partner, you can make a satisfactory cut from the company as a commission. We’ll use an example to help you understand it better.
Let’s say a partner brings 300 clients, each making four active trades daily for 15 days a month. Brokerage per trade is Rs.20, and the total brokerage earned is Rs.3,60,000.
From that, deduct the partner’s share, which is 30%, i.e., Rs.1,08,000. Again, remove the expenses, which could be around Rs.20,000.
So, the total revenue made by the partner is 88,000, and the profit margin is 24%. We must acknowledge that Groww Partner Profits should not be underestimated.
How much time does it take for Groww Franchise to breakeven?
|ROI Timeframe / Breakeven Time
Groww Franchise consistently offers excellent financial rewards to its sub-brokers. The scalability of the commission is something to boast about.
The company stands out in the market with its products and services because, as a stockbroker, it doesn’t charge exchange fees or security deposits from the sub-brokers or partners.
Coming to the Groww Sub Broker Returns, the breakeven time is 30 days, which implies you can start your potential earnings from the first month.
Where is Groww Franchise Dashboard Login Link?
|Partner / Sub Broker
|Backoffice or Dashboard Login
The Groww Partner Dashboard link is available on Groww’s official website or app.
The dashboard showcases information about client details, earnings, active clients, trading performed, and more.
You can track all your trading and client information from the dashboard instantly. With the information available on the dashboard, you can easily understand what you have to do next.
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What is the Groww Franchise Infrastructure requirement?
|Shop / Unit Area
|Research / Advisory
|Trading Terminals Set-up
|Computer / Internet Connectivity
To become the owner of Groww Franchise, you need to invest in the infrastructure. The Groww franchise’s infrastructure requirements are listed here in points.
- At Groww, the infrastructure requirement is optional to start with. It is minimal, depending on the franchise area.
- Also, there is no need to set up an office space to operate the business.
- The only required infrastructure is a computer with good internet connectivity.
- Research/Advisory services are optional.
- Trading terminals are also optional.
- It is, however, compulsory to have telephone lines.
- Having an air conditioner and CCTV camera on the office premises is optional.
What is the extent of Support provided by Groww Partner?
|Support from Brand
|Client Interaction Training
|Relationship Manager Support
|Business Management Software
The broker renders unprecedented support to the Groww Sub broker program, giving the partners the best possible assistance in carrying out their duties. The support services offered include.
- Extensive product training is provided to help you understand the products better.
- Groww provides back-office support to help them carry out their tasks effortlessly.
- It gives client interaction training to the partner.
- The broker provides robust marketing support to the partners that help promote the business effectively.
- Unlike its peers, Groww doesn’t provide dealer training, advisory support or webinars.
What kind of Marketing Support is provided by Groww Franchise?
|Marketing Support by Brand
|Unit Interior & Exterior Ads
Groww stands as a robust support system for its agents. The marketing support it renders to the authorised person includes:
- The broker helps the authorised person with unit interior & exterior ads.
- It promotes the services and products through local advertisement.
- Groww Authorised Person will not get any digital marketing support from the company.
- Also, the company doesn’t promote the business through television advertisements, print advertisements, or seminars.
Does Groww Sub Broker provide training?
|Training by Brand
|Product Information Training
As a Groww Affiliate Partner, you will receive ample training in various aspects of the trading industry. First and foremost, the company provides training on products and services.
This will help understand the type of products the company sells and pitch suitable products to the clients. Another training provided by Groww is client interaction training.
In this training model, the company trains the sub-broker on communication and pitching with the client. Groww doesn’t provide dealer or service training.
What are the Products & Services provided to Groww Sub Brokers?
|Products / Service Offerings
|3 in 1 Acount
|Exposure or Limit
|Web Trading Platform
|Algo Trading Platform
As a partner of Groww, you can sell a diverse range of products and services to clients. You can trade futures and options segment to intraday clients.
On top of this, partners can also suggest mutual funds to the clients, one of the significant contributors of revenue in the stock brokerage field.
You can suggest fixed deposits for clients who want to invest in risk-free options.
Besides, the discount broker offers IPOs, equity trading, demat services, stock recommendations, Robo advisory, trading terminal, Algo trading platform, basket trading, mobile app, web trading platform, etc.
Therefore, acquiring Groww Franchise is advantageous in all respects.
What is the Brokerage offered to Groww Partners?
|Rs.20 per Order
|Rs.20 per Order
|Rs.20 per Order
|Rs.20 per Order
A reasonable brokerage fee from the clients is something you may earn as a Groww Partner. The client’s choice of trading service determines the brokerage fee offered.
For example, the brokerage charge for intraday service is Rs.20 per order. Moreover, the price is the same for Delivery, Equity Options, and Equity Futures.
The brokerage charge for Commodity, currency options, and currency futures is not applicable at Groww.
These brokerage fees are subject to change concerning market fluctuations, so we advise you to check the official website for the updated charges.
How to Become a Groww Sub Broker?
Becoming a subbroker at Groww is easier than it seems. You can make it happen by simply following the steps we have curated below.
1st Step – Go to Groww’s official website and click the ‘Become a Sub Broker Now’ tab. You can also find a similar tab on this page.
2nd Step – You can find the application form, which you must complete and submit. Upon successful submission, you will receive a call from Groww’s end.
The telecaller will clarify all your doubts regarding the franchise or sub-broker program.
3rd Step – You have to set up a meeting with them in their office to discuss further procedures. Other than that, you need to submit your documents for verification.
4th Step – You need not pay any security deposit or exchange charges, but you may need to pay the application fee, which is minimal.
5th Step – The stock broker will send your documents to SEBI for another verification round.
6th Step – SEBI scrutinizes your documents.
7th Step – SEBI generates a sub-broker code and sends it to the subbroker.
8th Step – You must pay the SEBI registration fee and obtain a sub-broker registration certificate from the authority.
9th Step – You will receive an email from the stock broker with your credentials, dashboard info, broker code, etc.
This is how you become a Groww Sub Broker.
What is the Eligibility Criteria to start Groww Franchise?
|21 years & above
Which documents are required to become Groww Sub Broker?
|Proprietor Aadhaar Copy
|Proprietor / Business PAN Copy
|Business TAN Copy
|GST Registration Certificate
|Proprietor / Business Address Proof
|Unit / Shop Address Proof
|NOC of Unit / Shop
Is Groww Franchise good for you?
|7.68 / 10
|Franchise Fee & Infra Investment
|7.58 / 10
|Support & Training
|7.36 / 10
|7.46 / 10
|7.42 / 10
|7.50 / 10
What are the Drawbacks of Groww Franchise?
It is expected to have drawbacks in any business model, so it is for Groww. Check out the Groww Franchise Drawbacks below:
- The broker doesn’t provide multiple business models like its peers.
- Groww offers advisory support, which is chargeable.
- There is no RM support for this stockbroker
- This company doesn’t have a foreign stock exchange on its platform.
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Groww Partner Program – Conclusion
Groww is one of the few stock brokers offering business models without charge.
As a partner, you can help investors find the right products that suit their requirements and assist with their trading needs.
Gain knowledge of the services and products offered by Groww and start your own business today. Join the Groww Partner Program today and fuel your entrepreneurial dreams.
FAQs on Groww Franchise Business
Here are some frequently asked questions on Groww Sub Broker Franchise Business.
Does Groww have a Sub Broker Model?
No, Groww doesn’t have a sub-broker model.
Does Groww have multiple Franchise models?
Yes, Groww has multiple franchise models. The franchise models promoted by Groww include partner and refer-and-earn.
What is the Groww Sub Broker Commission?
As a subbroker of Groww, you can earn a commission of 20% to 30% from the total revenue generated.
How much does Groww Franchise Cost?
Surprisingly, there is no franchise cost with Groww. It doesn’t charge a security deposit or exchange charges from the partner.
Does Groww have a Partner Program?
Yes, Groww has a partner program promoted on a grand note. Most business enthusiasts opt for a partner program with Groww.
What is Groww Partners Sharing?
Groww gives a decent partner sharing to its partners. The partner share at Groww is 20 to 30%. Considering that there is no investment cost, this is indeed high.
Is the Groww Partner Program Free?
Unlike other stock brokers, Groww provides its partner program for free. You can start earning as a Groww partner without the initial investment.
Does Groww provide Training Assistance?
Yes, Groww provides training assistance for the partners, but the training areas are very much restricted compared to other stock brokers.
How to Become a Groww Sub Broker?
You can become a Groww sub-broker by clicking this page’s “Become Sub Broker” link. We have provided the entire process of becoming a sub-broker above.
Does Groww Franchise provide Support?
Yes, Groww supports the subbroker and partner in various business areas. It ensures you get product, service, client acquisition, and back-office support training.