IIFL Franchise / Sub Broker / AAA / Partner – Find Profits, Commission, Cost & more

With close to 3 decades of experience in the stock market, IIFL is a renowned name in the stock broking industry. If you are wondering how you can get the opportunity to become an IIFL Franchise, here is an article for you.

This article will detail all requirements related to the IIFL Sub Broker application, eligibility criteria, revenue sharing, and cost or investment details.

You will also learn how to apply for the partner program, its benefits and drawbacks, and much more.

The IIFL Partner Program is one of the most sought-after partner programs in IIFL. The reasons are obvious.

Its extensive experience in the market, the quality of support it offers to its partners, its high revenue share, and many other factors.

It is one of the highly rated brokerage houses by the partners associated with the firm.

IIFL was founded in 1995 by Nirmal Jain. There are more than 5,000 IIFL Franchises around the country. The IIFL AAA Program is one of the most innovative programs in the Industry.

It started partnering with franchises in 2003. Its vast network of franchises gives it immense prestige, and it is proud to have become one of them.

Its massive range of financial services easily attracts clients to the brokerage house, making the franchises’ jobs easier.

IIFL has a powerful presence in the northern parts of the country. Over 7 lakh active clients trade almost daily using IIFL platforms and services.

IIFL Franchise Program – Business Models

IIFL offers four distinct business models with which to partner. It includes –

IIFL Sub Broker/ Franchise/ Authorised Person

The Subbroker program or Authorised Person Program of IIFL now has two different models: a Standard Model and a Premium Model.

The security deposits of both models are different, as you can see in the table above, but there is a major feature available in the Premium model: you get access to the terminal. This access helps a sub-broker trade on behalf of the client.

This feature helps you generate more revenue, as many clients ask its brokers or sub-brokers to trade on their behalf due to a lack of time.

IIFL AAA

IIFL offers this new model, IIFL AAA, which stands for Advisor Anytime Anywhere program. It is a unique program backed by advanced technology platforms.

You can offer all the products of IIFL to prospective clients, earn for a lifetime from revenue generation, work from anywhere, and many other benefits.

This program is majorly targeted toward advisors & those who are into stock market research.

IIFL Partner

IIFL also offers a Partner program. In this program, you must get clients for the brokerage house, against which you will earn a commission.

As a Remisier, you must help the client open an account and start trading with IIFL; however, you do not have to offer trading facilities or services like sub-brokers/franchises.

IIFL Referral Program

This is a ‘Refer and Earn’ program in which you can earn Rs.500 flat when you refer a friend or anyone to IIFL.

If they open an IIFL account using your referral link, you will get Rs.500 flat.

IIFL Franchise Cost is Rs.50,000 to Rs.1 lakh, depending on which subbroker model you choose. The premium model requires a Rs.1 Lakh deposit, and the Standard model requires Rs.50,000. These deposits are refundable, though.

However, for the ‘AAA’ model, you will not have to make any capital or infrastructure investments.

An authorised person also needs infrastructure. Unlike the ‘AAA’ model, the referral model does not require an investment.

While for the Partner program, you need to invest or keep a nominal deposit of Rs.3,000.

Apart from these Security Deposit Fees, IIFL Franchise Fees also include Segment Charges. For example, if a sub-broker wants to trade its client on NSE Cash / FnO / Currency, he/she needs to pay Rs.5,000 + GST.

Similarly, for BSE Cash / FnO / Currency, fees are Rs.4,000 + GST, MCX charges are Rs.2,000 + GST, and NCDEX charges are Rs.1,000 + GST. These are one-time charges only.

The IIFL Sub Broker Commission is the highest among all business models. The sub-brokers can earn up to 70% of the revenue, with a minimum share of 50%.

This is one of the highest revenue shares any brokerage company offers to sub-brokers. When registering with IIFL, you can choose from 2 options.

You can choose a turnover-based model or an order-based model. In the turnover-based model, you get a high sharing of 70%, while in the order-based model, you get a 50% commission.

The marketing associates, or AAA, can earn 30% of the revenue generated by their clients.

If you opt for the Remisier model, you can earn up to 50% with a minimum share of 40%. This is also one of the highest in the industry.

Hardly any brokerage houses pay up to 50% to the partners.

As you can see in the above two paragraphs, the Marketing associates or ‘AAA’ model and the refer-and-earn model require no investment. So, anything they earn from the partnering program as commission is their return.

Franchisees, sub-brokers, and authorised persons have to invest an amount against which they earn a high commission. So, within around four months or less, they start generating profits from their investments.

For the Partner model, the time can be less as the investment amount is much less, but they get a whopping revenue share.

IIFL Sub Broker Profits, Revenue, Profit Margin

Check out how much profit you can generate monthly if you take IIFL Sub Brokership. This estimate is made based on 300 active clients.

Revenue generated is a multiplication of the number of Active Clients, Daily Trades per Client, Brokerage per Trade, and trading Days in one Month.

According to this estimate, you can generate Rs.1.34 Lakhs in net monthly profit. The Subbrokers’ share has been taken at 70%. Hence, the revenue is high.

IIFL Partner Program Profits, Revenue & Profit Margin

Now, see how much revenue & profits you can generate if you are an IIFL Partner.

The revenue you generate in the Partner model is comparatively lower than in the sub-broker model.

The reason is straightforward: revenue sharing. The Sub Broker model provides higher revenue sharing than the Partner model.

Revenue calculation is similar to sub-broker models.

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IIFL no longer offers the IIFL Master Franchise model. It now has the franchise model, equivalent to the sub-brokers model or Authorised person model, as you call it.

For the IIFL Partner Program and to join as a sub-broker, you need to fulfill specific infrastructure requirements the broker asks for. It includes the following –

• An office space or unit with at least 200 to 400 square feet of area in it
• You need to employ at least 3 people in the office
• There must be trading terminal set-ups in the office with an internet connection and telephone connection
• You need to offer research and advisory services to your clients on behalf of IIFL
• CCTV surveillance and air conditioning are compulsory for the office space of the sub-brokers.

Remember that these infrastructure requirements are mandatory for the sub-brokers/ authorised persons/ franchise holders.

These are not a compulsion for ‘AAA’ model partners or the Remisiers and don’t even apply for the Referral program.

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The support rendered by IIFL to the IIFL Sub Broker, Marketing associates (AAA), and Remisiers includes the following –

• Trading support, which is mainly for the sub-brokers/ franchise holders
• Back-office support is for all the partners of IIFL, irrespective of the business model they enroll
• Advisory support is offered to all the partners of the firm
• Marketing support is also provided but mainly to the sub-brokers/ authorised persons/ franchises
• Website support is rendered to all the partners
• Relationship manager support and client interaction training are also provided
• Along with these supports, you will get an operation manual, a training manual, multiple offers to attract clients and service pricing.

The marketing support of the IIFL Franchise Program includes –

• Unit interior and exterior ads mean the unit will have posters and banners. Office space to promote the business
• Local advertisements are done to promote the business in the region, jurisdiction, and locality
• This is an age of digital media, and thus, digital marketing support is offered to all partners
• Television advertisements and print ads are also done
• IIFL also helps promote the partners through events and seminars to attract clients.

As an IIFL Sub Broker, you will require training at every stage to grow. IIFL focuses on training to help their partners develop and grow their businesses individually.

From client interaction training to dealer training & service training, everything is provided to the sub-brokers.

You will also receive product training frequently to stay informed about IIFL’s new products, facilities, and services.

This will help you stay current, and thus, you can pitch better and new ideas to clients.

If you are wondering which products and services you can offer as an IIFL Business Partner, then here is the list –

• Equity
• Insurance
• Mutual funds
• Bonds and NCDs
• IPOs
• FDs
• Sovereign Gold Bonds
• Commodities
• Currencies
• Small case
• Sensibull
• Stockal (Global Investing)

Apart from these products, there are multiple trading applications, whether a mobile app or the trading terminal IIFL offers.

You can offer these to prospective clients looking for high-end technology for their trading requirements. IIFL also offers Portfolio management services.

The algo trading platform is another cherry on top that you can offer to your clients on behalf of IIFL. Then, there is a margin trading facility, and IIFL offers quite an exponential exposure or leverage.

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The revenue per customer you can generate as an IIFL Franchise depends on two things –

Brokerage plans: IIFL offers a brokerage plan that charges 0.01% of the Transaction value for intraday trades and 0.10% of the transaction value for delivery trades.

The brokerage on the equity option is Rs.20 per Lot, and the currency option is Rs.8 per Lot.

The futures segment, whether equity futures or commodities futures, has the same brokerage rate: 0.01% of Transaction Value.

For the commodity options, the brokerage rate is Rs.50 per Lot.

To become eligible for the IIFL Affiliate Program, you need to be –

• At least 21 years of age
• Be a graduate

If you apply for a franchise or an authorised person, you must have 2-3 years of stock market work experience. You can be a fresher if you apply for the ‘AAA’ model or other models.

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The documents you need to submit when applying for the IIFL Affiliate Program are as follows –

• PAN of your own or your business entity
• TAN of your business entity
• AADHAAR of your own
• Photograph
• Franchise agreement
• Address proof of yours and the office space
• NOC for the office space
• GST registration certificate

IIFL AAA or Franchise Dashboard

The IIFL Partner Dashboard is one of the most advanced platforms in the market.

If you opt for the ‘AAA’ model, you will get a highly advanced platform on which you can view all the information related to your clients, leads, revenue generation, and more.

Using the dashboard, you can directly help clients open accounts. The leads will be seen on the dashboard in real time, and you can see how many are converted into clients.

Then, you can check how much revenue the clients in your network have generated in a month. Using the dashboard, you can calculate your revenue share and raise invoices.

IIFL Sub Broker Login or IIFL Partner Login

The IIFL Franchise Login is quite simple. All you need to do is to register with them as a partner. You will receive the partner’s login credentials once you register and complete the KYC.

Using the login credentials, you can log in to the dashboard or the AAA platform, start building your network, and add clients.

IIFL Sub Broker Benefits

The benefits of IIFL Sub Broker are as follows –

• If you enroll as a franchise/ sub-broker/ authorised person, you will pay one of the lowest security deposits in the market. As a Remisier, you need to pay Rs.15,000. There is no investment for ‘AAA’ and referral programs.
• While the investment is nil or so nominal, the revenue you can earn is among the highest in the industry. You can earn up to 70% as a sub-broker.
• You will receive extensive marketing and trading support
• Training from industry experts and the opportunity to connect with them and learn from them
• Multiple products and innovative advanced technology you can offer to your clients
• You can work from anywhere; if you become a marketing executive or a Remisier, you only need an office space if you are a sub-broker.
• Timely payouts of revenue share
• IIFL’s immensely cheap brokerage plans help you onboard many clients.

IIFL AAA or Franchise Model Drawbacks

IIFL franchises are more traditional than other brokerage houses. However, they are changing their business models, incorporating models like ‘AAA’ and other programs.

IIFL Partner Program – Conclusion

If you are looking for a one-stop solution for financial services or stock broking services, IIFL is the answer.

Becoming an IIFL Franchise can help you earn high revenue with low investment, grow, and connect with market leaders.

Their constant support will help you grow as a professional in the stockbroking industry.

FAQs on IIFL AAA or Franchise Business

Check out various FAQs on IIFL Sub Broker Program here –

What is a sub-broker in IIFL?

An IIFL Subbroker can be an individual or business entity responsible for providing end-to-end client services on behalf of IIFL.

He or she will have his or her own office space. They will identify prospective clients, pitch, acquire clients, and help them in their trading.

For all these services, they will earn a portion of the revenue generated by their clients.

How do I become a sub-broker in IIFL securities?

To become a sub-broker in IIFL, you must apply as a partner and upload the documents mentioned above.

Then, you must pay the amount and complete all infrastructure required by IIFL. Then, you will receive login details and can start as a sub-broker.

How can I partner with IIFL?

You can partner with IIFL in different ways. It has multiple business models like ‘AAA’ sub-broker,  franchise, Remisier, and refer n earn.

Does IIFL offer a franchise model?

Yes, IIFL offers a franchise model or an authorised-person business model. It doesn’t have a Master Franchise model.

What is IIFL AAA?

IIFL AAA business model, also known as IIFL Advisory Anytime Anywhere, is unique. Through this model, IIFL targets advisors to act as partners.

It is a tech-based model. You will have a platform with which you can pitch and acquire clients for IIFL anywhere, anytime.

Can I refer and earn with IIFL?

Yes, IIFL offers a refer and earn program, in which you can earn Rs. 500 flat for each referral. You can join the program on their mobile app platform.

How much can I earn as a sub-broker with IIFL?

As an IIFL Franchise or sub-broker, you can earn up to 70% of the revenue your clients generate.

So, as per estimates, if you own 50 active clients, you can make 50,000 every month.

Is IIFL a good brokerage house to join as a partner?

IIFL is one of the best broking houses for the franchise business. It offers the highest revenue share in the industry at a very low investment.

Additionally, IIFL Partners get multiple offers, support, training, and more.

Does IIFL offer marketing support?

Yes, IIFL offers extensive marketing support to its partners. From local advertisements to digital marketing, IIFL offers everything for promoting their business.

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

The investment you need to make depends on the business model. For instance, as a franchisee or authorised person, you must invest around Rs. 1 lakh to Rs. 2 lakhs.

However, if you opt for the Remisier model, you will have to invest only Rs. 15000. That said, there is no investment requirement for the other two business models.