Find Your Franchise

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

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

Groww Franchise Business Opportunity - Snapshot

Line of Business

Sub Broker

Unit / Shop Area

Not Required

Commission% / Revenue Sharing

20% - 30%

Infrastructure Investment

Zero Investment

ROI Timeframe

1 Month

Groww Sub Broker or Franchise Review & Ratings

Revenue Sharing

3.84 / 5

Franchise Fee & Infra Investment

3.79 / 5

Support & Training

3.68 / 5

ROI Timeframe

3.73 / 5

Brand Value

3.71 / 5

Overll Ratings

3.75 / 5

Star Ratings

We have rated Groww Franchise, and it can be depicted that the product line and range of services are one of the favorite things of the partners.

The support is another thing that partners of this firm look up to. Then the 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 do not have experience, which is a concern for the partners, as it seems from the ratings and reviews.

Overview of Groww Sub Broker Franchise

Industry

Finance & Money

Line of Business

Sub Broker

Organization Type

Private

Head Office

Mumbai

Founder

Lalit Keshre

Founded In (year)

2016

No. of Franchise Outlets

100+

Master Franchise Model

Not Available

Franchise Tenure

Lifetime

Franchise Location

All over India

Business Set-Up Time

1 Month

Franchise Commencement Year

2020

In 2016, Groww started its operation with its headquarters in Bangalore, Karnataka. They started offering the Groww Partner model in 2020 after 4 years of incorporation.

At present, there are more than hundreds of Groww partners across the country. Lalit Keshre founded the firm, and it is a private organization.

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


Groww Franchise Program – Business Models

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

Business Models Commission
Partner 20% to 30%
Referral Rs.300 per Account

Groww Partner Program

You can sell all products of Groww that the firm offers when you become a partner. The primary role of a partner will be to identify prospective clients and pitch them the right products they are looking for.

Then retaining the client would be another aspect of the partnership opportunity. As the more clients you have, the higher revenue you can generate.

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

The payment tenure of the Groww partner is of 35 days. So, every 35 days, you will receive the payout.

However, it would help if you remembered 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 has to refer new clients, and if the referred person opens an account with Groww using the referral link of the program partner, then 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 now, both the partnership model are for select users, it can change in the future, and the rewards for the referral program can change over time.

Groww Partner Investment & Fees

Partner - Franchise Fee

Free

Referral - Franchise Fee

Free

Infrastructure Investment

Zero Investment

The Groww Franchise Cost is nil as there are neither any franchise fees you have to pay to Groww nor any infrastructure cost you have to bear.

So, you can enroll as a partner of Groww 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 partner of Groww.

Groww Partner Commission / Revenue Sharing / Royalty

Partner Commission

20% - 30%

Groww Commission

70% - 80%

Referral Commission

Rs.300 per Account

Groww Commission

100%

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

This means that if you have 5 clients, for instance, and in a month, the total brokerage paid by these 5 clients amounts to Rs. 1 lakh.

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.

Groww Business Partner ROI Details

In Months

1 Month

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

So, the first payment you will get 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 revenue you can generate.


Groww Partner Profits & Expenses

Check out profits earn by Groww Partners here.

Monthly Revenue
No. of Active Clients 300
Daily Trades per Clients 4
Brokerage per Trade 20
Trading Days in 1 Month 15
Total Brokerage Revenue 3,60,000
Partner’s Share (30%) 1,08,000
Monthly Expenses
1 Telecaller Cost 15,000
Misc. Expenses 5,000
Total Cost 20,000
Monthly Profit
(Revenue – Expenses) 88,000
Profit Margin 24%

With 300 Active clients, you can make approx Rs.90k net profit. So, it is always advised to take Angel One or Upstox partner program because with same number of active clients, you can easily earn more than Rs.1.25 lakhs monthly profit.


Master Franchise of Groww - Information

Franchise Fee

NA

Infrastructure Investment

NA

Commission% / Revenue Sharing

NA

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

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

Groww Franchise Infrastructure Requirement

Shop / Unit Area

Not Required

Employee Strength

Not required

Research / Advisory

Optional

Trading Terminals Set-up

Optional

Telephone Lines

Compulsory

Computer / Internet Connectivity

Compulsory

Airconditioner

Optional

CCTV Set-up

Optional

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

Also, as Groww partners, you do not have to provide trading assistance or services to the clients. Thus you do not need any infrastructure of your own to serve the clients.

You only need a laptop and a good internet connection to acquire and keep track of your client’s trading activities.

Check out Business Opportunities with Similar Brands

Support Provided by Groww Partner Program

Service Pricing

Available

Offers

Available

Client Interaction Training

Partially Available

Relationship Manager Support

Not Available

Back-Office Support

Available

Trading Support

Not Available

Advisory Support

Not Available

Marketing Support

Partially Available

Business Management Software

Available

Website Support

Not Available

Operation Manual

Available

Training Manual

Available

You will get great support as a Groww Sub Broker or partner. 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 would help you keep track of your leads, client conversion, revenue generation, and much more.

Marketing support is also important to promote your business and for expansion.

Franchise of Groww - Marketing Support

Unit Interior & Exterior Ads

Available

Local Advertisement

Available

Digital Marketing

Not Available

Television Advertisement

Not Available

Prints Advertisement

Not Available

Events/Seminars

Not Available

Under marketing support offered for 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 business locally.

Training provided by Groww Sub Brokership

Product Information Training

Provided

Dealers Training

Not Provided

Service Training

Not Provided

For Groww Sub Broker, there are mainly 2 training which are offered. The first is client acquisition training, which will help you understand how to identify the clients and pitch 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 to be aware of all the products and services of the brokerage house.

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

Groww Partner - Products & Services Offered

Equity Trading

Available

Commodity Trading

NA

Currency Trading

NA

Options

Available

Futures

Available

Mutual Funds

Available

Banking

NA

Insurance

NA

Demat Services

Available

3 in 1 Acount

NA

IPO Services

Available

Stock Recommendations

Available

Robo Advisory

Available

PMS

NA

Exposure or Limit

Available

Mobile App

Available

Web Trading Platform

Available

Trading Terminal

Available

Algo Trading Platform

Available

Basket Trading

Available

As a Groww Business Partner, you can sell multiple products. Groww offers domestic stocks/ equities, as well as US stocks, and then there is a futures and options segment that you can offer to your intraday clients.

Apart from these, there are mutual funds which are one of the most important product lines of Groww.

You can also sell fixed deposits if any client is inclined to invest in the same. There are also IPOs that Groww offers.

If you have clients who want to invest in any IPO, you can pitch the IPO services of Groww.

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

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Franchise for Groww - Revenue per Customer

Intraday

Rs.20 per Order

Delivery

Rs.20 per Order

Equity Options

Rs.20 per Order

Equity Futures

Rs.20 per Order

Commodity

NA

Currency options

NA

Currency Futures

NA

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

This is because Groww charges Rs. 20 flat for each order, irrespective of the volume. Thus, the more the number of 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 a brokerage of Rs. 20 * 1000 = Rs. 20000 to Groww.

Now, you can earn between Rs. 4000 to Rs. 6000 out of the total revenue generated by this client.

Franchisee Qualification required by Groww Partner

Age Limit

21 years & above

Business Experience

Optional

Academic Qualification

No Restriction

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.

Documents Required to Start Groww Sub Broker Program

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

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

Dashboard Link
Groww Partner Dashboard Website Link

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

The Groww Partner Dashboard that 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, you have 20 leads. Out of these 20, 10 are 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 have a clear idea of 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 partner of Groww, you will receive the Groww Franchise Login, and the dashboard link is same as your web trading login.

Then you can use the same login credential 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 them, pitch them, and acquire them.
  • You can earn revenue share up to 30%, which is quite a fair share as there is no investment involved.
  • There is constant back-office support, and also you 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 branch or office of Groww.

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 not only grow as an entrepreneur but also help many traders and investors achieve their investment and trading objectives.

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


FAQs on Groww Franchise Business

Check out various FAQs on Groww Partner Program here –

How can I partner with Groww?

If you want to become a partner of Groww, you have to enroll as the same. However, you need to get selected by Groww 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 partner of Groww, 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 around 20% to 30% share in the revenue to the Groww Sub Broker/ partners. So, whatever revenue is generated by your clientele, you will get 20% to 30% of the same.

How to apply for Groww Partnership?

Groww presently only offers its partnership to select users. So, if you receive their invitation to join as a partner, you can apply for the same.

Is there any referral program for Groww?

There is a referral program that Groww offers, but it is also for select users. If you can 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?

It takes around 7 days to get your sub-broker code to activate. Once the firm activates the code, you can log in to your partners’ accounts and start generating leads.

What is the payment cycle of Groww?

The payment cycle of Groww is of 35 days. You will get 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.


 

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