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Sharekhan Franchise or Sub Broker Review – Cost, Commission, ROI & more

Sharekhan is one of the largest Brokerage houses in India. It was formed in the year 2000.

Sharekhan LogoAdditionally, the Sharekhan Franchise has the strength of over 7000 partners or sub-brokers associated with them.

The company provides a vast umbrella of services and great employment opportunities. Because of this, one can become a Sharekhan Partner.

And above all, earn flexibly while ensuring great career opportunities. Some of Sharekhan’s prominent services involve trading in equity, F&O, commodity and portfolio management services, etc.

Brand Summary
Line of Business Sub Broker
Unit / Shop Area 150 – 200 sq. ft.
Commission% / Revenue Sharing 60% – 75%
Total Investment Rs.40,000 – Rs.200,000
ROI Timeframe 3 Month

Why Invest in the Sharekhan Franchise?

The Sharekhan franchise holds goodwill in the Industry, and being a Sub Broker comes with an array of benefits. The Sharekhan Sub Broker Benefits are enlisted below:

  • Sharekhan is a well-known and reputed brokerage house. For this reason, being a sub broker in the house gives the individual a much needed job security.
  • The company frequently trains its partners to be up-to-date and have outstanding learning opportunities.
  • Above all, as one of the top five brokerage houses in the country, the franchise owners earn much more than an average subbroker.

What do you know about Sharekhan Sub Broker?

About the Brand
Industry Finance & Money
Business Line Sub Broker
Organization Type Private
Head Office Mumbai
Founder Jaideep Arora
Founded In (year) 2000
No. of Franchise Outlets 7000+
Master Franchise Model Available
Franchise Tenure Lifetime
Franchise Location All over India
Business Set-Up Time 1 Month
Franchise Commencement Year 2005

First of all, sub-brokers are individuals working under well-known brokerage houses. Additionally, they are authorised individuals acting on behalf of the brokerage they represent.

They act as intermediaries between the investors or customers and brokerage houses. And above all, they help to facilitate trade by simplifying the procedure for the investors.

For this reason, people consider the job of a sub-broker quite lucrative. They earn commissions on their services and also have independence and flexibility.

Additionally, the Sharekhan Sub Broker gets the opportunity to represent the house. They also benefit from the learning and earning opportunities.

How many types of Sharekhan Franchise Models available?

Business Models
Sub Broker 60% – 70%
Partner 20% – 30%
IFA 40% – 50%
Referral Rs.400 per new Client acquired

The broker provides 4 business models to its customers.

Sharekhan Sub Broker Model

The Sharekhan Sub broker Model is well sorted out and lays proper instructions to start with the company.

Since the sub-broker is responsible for various services for the company, they are expected to have adequate infrastructure.

For this reason, they need to have an office space of 150 to 200 square feet. Additionally, they must have a minimum of two employees working for them and CCTV surveillance.

A proper internet connection with fully functioning telephone lines is also required. Trade terminals must be set up to prove appropriate research and advisory services.

The office should be well equipped with an air container and hygienically maintained.

This kind of model is maintained because the sub-brokers represent the franchise, and thus, proper steps are taken to ensure that the customers are provided with the best service.

Sharekhan Partner Model

The Sharekhan Partner runs on a basic pre-sales policy. The main work of the partner is to bring in new customers for the organization.

Unlike a sub-broker, a partner is not required to invest in infrastructure and other amenities. Therefore, they can start immediately after obtaining an affiliate with the organization.

The partner earns a 20% to 30% brokerage, bringing their monthly revenues to Rs.75,000. They have a profit margin that stands at 22%.

Since the partner is only responsible for bringing in new customers, their workings are sorted out and an easy way to start with the franchise.

Sharekhan Refer and Earn

The Sharekhan Refer and Earn policy is very flexible and user-friendly. Individuals can easily earn through the sharekhan website by referring the company to others.

An individual can earn INR 400 for every referral they give others. Afterwards, the referral giver will share the referral link with the customer.

For this reason, the referral points can be claimed and redeemed only after the referral is applied. Additionally, there is no minimum requirement to earn through referral.

But the only point to consider is that the individual giving the referral needs to have a registered account with Sharekhan.

What is the Sharekhan Franchise Cost?

Investment by Franchisee
Power Broker – Franchise Fee Rs.70,000 – Rs.100,000
Partner – Franchise Fee Rs.10,000
IFA – Franchise Fee Rs.50,000
Referral – Franchise Fee Zero
Infrastructure Investment Rs.30,000 – Rs.1 Lakh

The costs and fees incurred through the Sharekhan Franchise can be classified into three main categories. So, a power broker with a franchise pays a Rs.70,000 security deposit.

And they also pay Rs.50,000 to Rs.1,00,000 as infrastructure cost. So if one seeks to become an Independent Finance Advisor or IFA, the cost and investment incurred stands at Rs.50,000.

So a partner, on the other hand, needs to invest a minimal amount of Rs.10,000. An IFA or partner incurs no infrastructure cost to begin their association with the brokerage house.

For this reason, the cost to earn through the referral method is entirely free.

How much is Sharekhan Sub Broker Commission?

Commission% / Revenue Sharing
Power Broker Commission 60% – 70%
Sharekhan Commission 30% – 40%
Partner Commission 20% – 30%
Sharekhan Commission 70% – 80%
IFA Commission 40% – 50%
Sharekhan Commission 50% – 60%
Referral Commission
Rs.400 per Client
Sharekhan Commission 100%

A Sharekhan Sub Broker Commission sets a lucrative rate higher than the average percentage in the Industry.

A sub-broker at Sharekhan involves himself in various works, from customer acquisition, profile activation, and customer servicing to customer retention.

For their overall services, they earn a commission of 60 to 70% of the total brokerage. This enables them to cover their initial costs and operating costs while running their business.

How much you can earn from Sharekhan Sub Brokership?

Monthly Revenue
No. of Active Clients 200
Daily Trades per Clients 1
Avg. Volume per Trade 2,50,000
Brokerage per Trade 0.50%
Trading Days in 1 Month 1
Total Brokerage Revenue 2,50,000
Sub Broker’s Share 1,50,000
Monthly Expenses
Office Rent (Co-working Space) 15,000
1 Telecaller Cost 15,000
1 Dealer Cost 20,000
Misc. Expenses 5,000
Total Cost 55,000
Monthly Profit
(Revenue – Expenses) 95,000
Profit Margin 38%

The Sharekhan Sub Broker Profits can be calculated based on the revenues earned minus the Monthly expenses. On average, a sub-broker earns Rs.1,50,000 monthly.

This value is calculated considering the average number of active trades and the average monthly trades executed.

Similarly, the monthly expense, considering all costs, comes at around Rs.55000. This brings the profits to Rs.95,000.

For this reason, the profit margin stands at 38%, above the industry’s average broker income.

How much you can earn from Sharekhan Partner Program?

Monthly Revenue
No. of Active Clients 200
Daily Trades per Clients 1
Avg. Volume per Trade 2,50,000
Brokerage per Trade 0.50%
Trading Days in 1 Month 1
Total Brokerage Revenue 2,50,000
Partner’s Share 75,000
Monthly Expenses
1 Telecaller Cost 15,000
Misc. Expenses 5,000
Total Cost 20,000
Monthly Profit
(Revenue – Expenses) 55,000
Profit Margin 22%

The Sharekhan Partners or Affiliates program is more flexible than a sub-broker’s.

A Sharekhan Partner Profit depends on various factors like the revenue earned, monthly expenses, and one-time set-up costs.

The one-time cost is around Rs.10,000 in Security Deposit, and a set-up cost of Rs.5,000. A monthly expense is equal to an average of Rs.15,000.

Thus, they will earn a profit of Rs.50,000 on average. This is with a payout of 20% to 30% earned from the company.

How much time does it take for Sharekhan Franchise to breakeven?

ROI Timeframe / Breakeven Time
In Years 3 Month

Breaking even in any business is a priority for any business person. This ensures that the business starts giving a return on the capital invested.

So, to achieve breakeven, the franchise owner has to consider certain points. This involves the cost incurred, clientele acquired and revenues earned.

The average time frame to breakeven to generate returns from Investment takes about 2 to 3 months.

Therefore, by a maximum of 3 months, the Sharekhan Sub Broker Returns will start to reflect in profits for the broker.

This is because of the brokerage houses’ goodwill and the investment industry boom.

Where is Sharekhan Franchise Dashboard Login Link?

Dashboard Login
Partner / Sub Broker Backoffice or Dashboard Login

The website provides access to the Sharekhan Franchise Dashboard. The dashboard contains a variety of information and is the starting point in the journey of a Sharekhan Broker.

Sharekhan Partner Dashboard can be accessed easily by a Google search. To start as a sub-broker, one must register with the site by creating an account.

Alternatively, an individual can access the dashboard by clicking on the link available in the table.

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What is the Sharekhan Franchise Infrastructure requirement?

Infrastructure Required
Shop / Unit Area 150 – 200 sq.ft.
Employee Strength Minimum 2
Research / Advisory Compulsory
Trading Terminals Set-up Compulsory
Telephone Lines Compulsory
Computer / Internet Connectivity Compulsory
Airconditioner Compulsory
CCTV Set-up Compulsory

Sharekhan Franchise has very well sought-after and stringent infrastructure requirements in place.

The quality of the business is maintained, and investors enjoy seamless services through this process. The Infrastructure requirement of the franchise is as follows:

  • Have a minimum of 2 employees working in the office.
  • It must have a unit area ranging from 150 to 200 square feet.
  • Compulsory trading terminals, involving constant telephone lines, computers, and internet connectivity, are expected to be set up by the franchise.
  • Additionally, a permanent air conditioner and full-time CCTV surveillance are necessary.

What is the extent of Support provided by Sharekhan Partner?

Support from Brand
Service Pricing Available
Offers Available
Client Interaction Training Available
Relationship Manager Support Available
Back-Office Support Available
Trading Support Available
Advisory Support Available
Marketing Support Available
Business Management Software Available
Website Support Available
Operation Manual Available
Training Manual Available

A Sharekhan Sub Broker and their partners get full support and facilities. This enables them to achieve excellent quality results.

Some of the support provided by Sharekhan to its partners and sub-brokers are as follows:

  • The company trains its partners and sub-brokers to provide services that align with its standards.
  • Market news and updates are frequently provided to sub-brokers and partners, enabling them to offer timely consultancy.
  • The company assists and trains its partners and sub-brokers to conduct proper research on various subjects that will help them improve their services.

What kind of Marketing Support is provided by Sharekhan Franchise?

Marketing Support by Brand
Unit Interior & Exterior Ads Available
Local Advertisement Available
Digital Marketing Available
Television Advertisement Available
Prints Advertisement Available
Events/Seminars Available

This Franchise program places great emphasis on marketing. The brokerage houses offer full marketing support through their policies.

The business of a Sharekhan Authorized Person is intended to be supported by this. Initially, the broker will help its authorised people get clients to start the business.

The Partners and Sub Brokers will get the brand name of the franchise. Any marketing the franchise does will reflect in the Authorized person’s business.

Additionally, sharekhan regularly provides its authorised persons with pamphlets and hoardings for their marketing strategy.

Does Sharekhan Sub Broker provide training?

Training by Brand
Product Information Training Provided
Dealers Training Provided
Service Training Provided

The set of partners and sub-brokers at Sharekhan are proudly regarded as good. New partners are frequently requested to be trained by long-standing and reputed Sharekhan Affiliate Partners.

The old and experienced Sub Brokers often share their experience with Sharekhan and discuss their success story.

They train on various trading and product information to help facilitate the massive umbrella of services the Sharekhan franchise provides.

What are the Products & Services provided to Sharekhan Sub Brokers?

Products / Service Offerings
Equity Trading Available
Commodity Trading Available
Currency Trading Available
Options Available
Futures Available
Mutual Funds Available
Banking NA
Insurance Available
Demat Services Available
3 in 1 Acount NA
IPO Services Available
Stock Recommendations Available
Robo Advisory Available
PMS Available
Exposure or Limit Available
Mobile App Available
Web Trading Platform Available
Trading Terminal Available
Algo Trading Platform NA
Basket Trading Available

One of the oldest and strongest Brokerage houses in the country is Sharekhan. The company provides a vast array of products and services to its customers.

Sharekhan Franchise offers trading and investment solutions with various financial instruments. This includes services in equity trading, mutual funds, futures and options.

Apart from this, the franchise helps in the portfolio management of its customers and frequently provides tips on customer wealth increment.

The franchise also regularly publishes its research and findings with its customers to facilitate investor education.

This involves sending out emails on industry trends, preferred stock to buy and various market news that impact the stock market.

What is the Brokerage offered to Sharekhan Partners?

Brokerage Charges
Intraday 0.10%
Delivery 0.50%
Equity Options Rs.100 per Lot
Equity Futures 0.10%
Commodity 0.10%
Currency options Rs.30 per Lot
Currency Futures 0.10%

Sharekhan takes a brokerage of 0.5% and 0.1% of the transaction value for equity delivery and intraday, respectively.

The brokerage is 0.1% of the transaction value for all futures trades. Additionally, for options trade, the brokerage is Rs.100 per lot for equity and commodity.

For currency options, the brokerage stands at Rs.30 per lot. The stock broker shares the brokerage earned with its partners where, for every executed trade, the Sharekhan Partner is expected to receive a share ranging from 20 to 30%.

How to Become a Sharekhan Sub Broker?

A step-by-step guide to become a Sharekhan Sub Broker is as follows:

  1. The first step to becoming a sub-broker is to select a proper sub-broker model. For this, the individual needs to check the different models offered by the brokerage houses, align them with their aspirations and choose the same.
  2. Aspirants need to apply to the brokerage house of their choice. This requires them to provide necessary documents such as an application form, relevant academic and general documents, experience certificates, etc.
  3. This step involves paying the registration fee of Rs. 2000 plus GST to the brokerage house.
  4. After receiving the application, the brokerage house will send it and the documents to SEBI (Securities Exchange Board of India) for approval.
  5. SEBI will check and approve the applications. After proper scrutiny, SEBI approves the documents submitted to it; the brokerage house will pay SEBI the registration fee it has collected from the broker.
  6. Above all, after completing all the steps, the aspirant will receive a registration certificate from SEBI.
  7. Then, they will be set to work.

What is the Eligibility Criteria to start Sharekhan Franchise?

Franchisee Qualification
Age Limit 21 years & above
Business Experience Required
Academic Qualification Graduate

Which documents are required to become Sharekhan Sub Broker?

Documents Required
Franchise Agreement Required
Proprietor Aadhaar Copy Required
Proprietor Photo Required
Proprietor / Business PAN Copy Required
Business TAN Copy Required
GST Registration Certificate Required
Proprietor / Business Address Proof Required
Unit / Shop Address Proof Required
NOC of Unit / Shop Required

Is Sharekhan Franchise good for you?

Franchise Ratings
Revenue Sharing 9.22 / 10
Franchise Fee & Infra Investment 9.10 / 10
Support & Training 8.82 / 10
ROI Timeframe 8.96 / 10
Brand Value 8.92 / 10
Overall Ratings 9.00 / 10

What are the Drawbacks of Sharekhan Franchise?

Some of the few drawbacks of working under this Franchise are as follows:

  • Sharekhan Franchise Drawbacks include that brokers seldom get their say in the investments as they always have to abide by the brokers’ rules.
  • Also, keeping up with the company’s stringent infrastructure requirements sometimes becomes difficult, especially when the markets and sales are down.

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Sharekhan Partner Program – Conclusion

The Sharekhan Partner Program has held its goodwill over a long period. Since its inception, it has helped individuals earn their own money while staying independent.

The program has also facilitated the company’s exponential growth and given its investors and customers a personal touch of service.

Thus, the Sharekhan Partners and Sub Brokers form the backbone of the franchise.

FAQs on Sharekhan Franchise Business

Here are various FAQs related to Sharekhan

Does Sharekhan have a Sub Broker Model?

Yes, Sharekhan has a Sub-Broker model that depends on the type of program an affiliate wishes to enrol in.

Does Sharekhan have multiple Franchise models?

Yes, Sharekhan has multiple franchise models. Each model has a separate set of infrastructure requirements, cost sharing, and revenue sources.

What is the Sharekhan Sub Broker Commission?

A Sharekhan Sub Broker earns a Commission ranging from 60% to 70% of the total brokerage they earn on every sale.

How much does Sharekhan Franchise Cost?

The Sharekhan Franchise has a one-time set-up cost and monthly operating costs. On average, the total cost of the franchise is Rs.100000.

Does Sharekhan have a Partner Program?

Yes, Sharekhan does indeed have a Partner program. A small infrastructure cost allows anyone to quickly become a partner.

What is Sharekhan Partners Sharing?

On average, a Sharekhan partner earns 20 to 30% commission. With this, they can earn a profit of approximately Rs. 50000.

Is the Sharekhan Partner Program Free?

No, the Sharekhan Partner Program is not free of cost. The partner will only need to invest a one-time Rs. 10000 cost.

Does Sharekhan provide Training Assistance?

Yes, Sharekhan provides initial training assistance to all its affiliates. The franchise also provides post-training assistance throughout the affiliate’s career.

How to Become a Sharekhan Sub Broker?

An individual can become a Sharekhan Sub Broker through the franchise’s website by fulfilling certain predetermined conditions and requirements.

Does Sharekhan Franchise provide Support?

The Sharekhan Franchise provides support throughout the career of its affiliates. It frequently provides training and updates its affiliates to inform them about the market.

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