Groww Sub Broker or Franchise or Partner – Find Commission, Cost, Profits & more

Groww is one of the newest stock brokerage houses in the country, which has made it to the top with its exciting line of products and services. In this article, you will read about the Groww Franchise Model.

The article will detail the requirements you need to fulfill, the Commission or revenue share you can expect to earn as a Groww Sub Broker, and more.

We have rated Groww Partner Program, and the product line and range of services are among the partners’ favorite things.

The partners of this firm also look up to the support. Revenue sharing is also quite highly rated.

Apart from that, the company’s market share has been growing and thus appreciated by the partners.

However, since the firm is new, they need to gain experience, which concerns the partners, as it seems from the ratings and reviews.

In 2016, Groww started operating with its headquarters in Bangalore, Karnataka. After four years of incorporation, they started offering the Groww Partner model in 2020.

At present, there are more than hundreds of Groww partners across the country. Lalit Kishore founded the firm as a private organization.

Groww started with mutual funds and gradually incorporated all the other investment options. As a partner, you can sell different products and earn a commission on them.

Groww Franchise Program – Business Models

The Stockbroker offers two business models: Groww Partner & Groww Referral program.

Groww Sub Broker Program

When you become a sub-broker, you can sell all Groww products that the firm offers. A partner’s primary role is to identify prospective clients and pitch them the products they are looking for.

Retaining the client is another aspect of the partnership opportunity. The more clients you have, the higher the revenue you can generate.

When you apply for a partnership with Groww, you will have to wait 7 days for your sub-brokers code to be activated. Once it is activated, you can start generating leads.

The Groww partner’s payment tenure is 35 days. So you will receive the payout every 35 days. However, it would help if you remember that Groww doesn’t offer a partnership to everyone.

You have to connect with them and then discuss. They often select users and people they think are perfect for their partner’s role.

Groww Referral Program

Groww also offers a referral program, but it is also for selected users.

The referral program partner must refer new clients, and if the referred person opens an account with Groww using the program partner’s referral link, they can receive rewards.

At present, there are cash rewards of Rs.300 for every referral.

Each referral is completed when the referred person downloads the Groww app and opens an account with Groww using the link you sent for a referral.

Though the partnership model is currently for select users, this can change in the future, and the rewards for the referral program can also change over time.

The Groww Franchise Cost is nil, as there are no franchise fees to pay to Groww or infrastructure costs to bear.

You can enroll as a Groww sub broker without any investment. This can be beneficial for people who are looking for a business opportunity with low capital or investment.

Moreover, when you do not have to invest anything, all the revenue share you earn will be your return. This means there is no financial risk involved in becoming a Groww partner.

You are now coming to the Groww Sub Broker Commission, where the firm shares 20% to 30% of the revenue generated by your clientele.

This means that if you have five clients, for instance, and they pay Rs. 1 lakh in brokerage in a month.

You will receive Rs. 20000 to Rs. 30000. The more clients you have and the more revenue they generate for the brokerage house, the higher your commission or share of the revenue will be.

In the case of Groww Partner Returns, you will start generating positive returns from the very first month as there is no investment.

So, you will get the first payment after 35 days of activating your partner’s code. So, within a month, you can start generating good returns.

The more clients you add, the higher the revenue you can generate.

Groww Partner Profits & Expenses

Check out profits earned by Groww Partners here.

With 300 Active clients, you can make approx. Rs.90,000 net profit.

So, it is always advised to take Motilal Oswal or Sharekhan partner program because you can easily earn more than Rs.1.25 lakhs monthly profit with the same number of active clients.

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There is no Groww Master Franchise at present. However, this is a growing brokerage house exploring different avenues, and it may develop a Master franchise model or other business models in the future.

However, this brokerage house offers only a Groww partner and referral program.

Groww Partner Program is an online or remote program. Here, you identify and pitch to clients online or over the phone, and there is no need for a physical meeting.

Also, as Groww partners, you do not have to provide trading assistance or services to clients, so you do not need any infrastructure to serve them.

You need only a laptop and a good internet connection to access and monitor your clients’ trading activities.

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You will get great support as a Groww Sub Broker. The support services will include the following –

• Client interaction training
• Back-office support
• Marketing support
• Business management software support

All this support rendered by Groww is crucial for any partner of a brokerage house.

The back-office support is integral as it helps you track your leads, client conversions, revenue generation, and more.

Marketing support is also vital to promoting and expanding your business.

Under the marketing support offered for the Groww Franchise Program, you will mainly get digital marketing support and website support.

They will help you create a social presence and promote your business online. They will also help you promote the industry locally.

For Groww Sub Broker, there are mainly two training courses offered. The first is client acquisition training, which will help you understand how to identify clients and pitch them so that they can open an account with Groww.

The second training is on products and services offered from time to time. This helps the partner be aware of all the brokerage house’s products and services.

This, in turn, helps pitch the right product to the right prospect. When you enroll as a partner, you will receive all this training and a systematic training process.

As a Groww Business Partner, you can sell multiple products. Groww offers domestic and US stocks, and then you can offer a futures and options segment to your intraday clients.

In addition to these, Groww offers mutual funds, which are one of its most important product lines.

You can also sell fixed deposits if any client is inclined to invest in them. Groww also offers IPOs.

If you have clients who want to invest in an IPO, you can pitch Groww’s IPO services.

So, depending on the range of products and services, you can acquire both day traders and investors as clients with Groww.

Check out Business Opportunities with Similar Brands

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The revenue per customer you can generate as a Groww Franchise depends on the number of trades your clients make in a month.

Groww charges Rs. 20 flat for each order, regardless of volume. Thus, the more orders your clients execute, the higher the revenue you can generate.

For instance, if you have a client who has executed 1000 orders in a month, he has paid Groww a brokerage of Rs.20 * 1000 = Rs.20,000.

Now, you can earn between Rs.4,000 and Rs. 6,000 from the total revenue generated by this client.

To become eligible for the Groww Affiliate Program, you must be at least 21 years of age and a graduate.

It can be a great plus if you have previous experience in client acquisition in the financial markets. However, it is not a mandatory requirement.

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The documents you need to submit while applying for the Groww Affiliate Program are as follows –

• Your PAN cap copy
• Copy of your AADHAAR card
• GST registration certificate, if any
• Educational certificates
• Previous experience or business experience certificates, if any
• Bank account details and statements

Groww Partner or Franchise Dashboard

The Partner Dashboard is available in your web trading login, and you can access all partner dashboard features within the web trading platform.

The Groww Partner Dashboard you will get can help track all your leads. You can check how many leads are converted into clients; step-wise details are given on this dashboard.

For instance, if you have 20 leads. Of these, 10 have yet to start the account opening process but have downloaded the application.

Then, another 5 started the account opening procedure after downloading the app, and the other 5 haven’t downloaded the application. So, you know which prospect to pitch what.

Then, you will clearly know how many trades your clients execute. This, in turn, gives you an idea of your earnings for the period.

So, with this dashboard and the help of the back-office team, you can keep track of all the details.

Groww Partner Login or Groww Franchise Login

Once you become a Groww sub broker, you will receive the Groww Franchise Login, and the dashboard link will be the same as your web trading login.

Then, you can use the same login credentials to log in to the dashboard. You can change the password later or keep it the same.

Groww Sub Broker Benefits

If you are still wondering whether to become a Groww Sub Broker or not, then here are a few points to give a clearer perspective –

• With Groww, you do not need any investment to start as a business partner. You only need a laptop, an internet connection, and a smartphone. You do not even need an office of your own.
• There is no need to handle clients daily. You do not have to tackle their trading needs. All you need to do is identify, pitch, and acquire them.
• You can earn a revenue share of up to 30%, which is quite a fair share considering there is no investment involved.
• There is constant back-office support, and you also get a high-tech dashboard for tracking all your leads, clients, and earnings.
• You can work from anywhere and anytime. There is no need to visit any Groww branch or office.

Groww Franchise Drawbacks

There are a few drawbacks of Groww Franchise as well, which include the –

• Single business model
• No RM support

Groww Partner Program – Conclusion

As a Groww Partner, you can grow as an entrepreneur and help many traders and investors achieve their investment and trading objectives.

You can generate revenue by getting clients to Groww with no investment. So, if you are looking for a low-investment or no-investment business in India, Groww Partnership can be considered.

FAQs on Groww Franchise Business

Check out various FAQs on the Groww Partner Program here –

How can I partner with Groww?

If you want to become a Groww partner, you must enroll on the same. However, Groww needs to select you to apply for the partnership.

How many business models does Groww have?

Groww offers only one business model, which is the Partnership model. There is no Groww Franchise or sub-brokers model at present with Groww.

How much do I need to invest in the Groww franchise?

To become a Groww sub broker, you do not need to invest a penny. There is no investment cost or infrastructure requirement.

How much can I earn as Groww Sub Broker?

Groww offers a 20% to 30% revenue share to the Groww Sub brokers. So, whatever revenue your clientele generates, you will get 20% to 30% of it.

How to apply for Groww Partnership?

Groww presently only offers its partnership to select users. If you receive their invitation to join as a partner, you can apply for it.

Is there any referral program for Groww?

Groww offers a referral program for select users. If you become a referral partner, you can earn cash rewards.

Is Groww a discount broker?

Yes, Groww is a discount brokerage house that offers flat brokerage plans across all segments, irrespective of the trading volume.

How long does it take to activate the sub-broker code at Groww?

Your sub-broker code will be activated in around 7 days. Once the firm activates the code, you can log in to your partners’ accounts and generate leads.

What is the payment cycle of Groww?

Groww’s payment cycle is 35 days. You will be paid every 35 days for the revenue earned in the previous month.

Is Groww safe for collaboration?

Yes, Groww has become one of the most popular online brokerage houses. You can collaborate with Groww to start your online sub-brokerage business.