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 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.

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

IIFL Partner Program is one of the most sought-after partner programs when it comes to 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 the year 1995 by Nirmal Jain. There are more than 5000 IIFL Franchises around the country. IIFL AAA Program is one of the most innovative programs in the Industry.

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

Its massive range of financial services attracts clients easily to the brokerage house. This makes the job of the franchises easier.

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

IIFL Franchise Program – Business Models

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

IIFL Sub Broker/ Franchise/ Authorised Person

The Sub Broker program or Authorised Person Program of IIFL now has 2 different models. One is Standard Model & other one is Premium Model.

There Security deposit of both the models are different, as you can see in the table above, but there is a major feature available in Premium model i.e. you get access to terminal, this access helps a sub broker to trade on behalf of the client.

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

IIFL AAA

This is a new model which IIFL offers. IIFL AAA stands for Advisor Anytime Anywhere program. It is a one of its kind program which is backed by advanced technology platforms.

You can offer all 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 where 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 sub broker model, you choose. Premium model comes at Rs.1 Lakh deposit & Standard model comes at Rs.50,000, these deposits are refundable though.

However, for the ‘AAA’ model, there is no capital investment or infrastructure investment that you will have to do.

There are also infrastructure requirements for an authorised person. The referral model has no investment associated with it like the ‘AAA’ model.

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 includes Segment Charges, i.e. 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 is Rs.4,000 + GST, MCX charges are Rs.2,000 + GST & NCDEX charges are Rs.1,000 + GST. These are 1 time charge only.

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

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

You can choose Turnover based model or Order based model, In turnover based model, you get high sharing of 70% while in Order based model, you get 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 there are brokerage houses that pay up to 50% to the Partners.

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

Franchise/ sub-brokers/ authorised persons have to invest an amount against which they earn a high commission. So, within around 4 months or less, they start generating profits against their investments.

For the Partner model, the time can be less as the amount of investment 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 on the basis of 300 active clients.

Revenue generated is a multiplication of No. of Active Clients, Daily Trades per Client, Brokerage per Trade & Trading Days in 1 Month.

According to this estimate, you can generate Rs.1.34 Lakhs Net profit every month. The Sub Brokers share has been taken 70% here, 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, i.e., revenue sharing and the Sub Broker model provides higher revenue sharing compared to the Partner model.

Revenue calculation is similar to sub broker models.

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IIFL doesn’t offer the IIFL Master Franchise model anymore. It 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 offered 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, 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 there will be posters and banners on the unit. 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 to promote the partners with events and seminars organized 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 dealers training & service training, everything is provided to the sub-brokers.

You will also get product training frequently to be aware of the new products, facilities, and services of IIFL.

This will help you keep yourself up to date, and thus you can pitch better and new ideas to the clients.

If you are wondering which all products and services you can offer as 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. There are also Portfolio management services that IIFL offers.

Algo trading platform is another cherry on the top which 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 IIFL Franchise depends on two things –

Brokerage plans: The brokerage plan offered by IIFL is 0.01% of Transaction value for intraday trades & 0.10% of transaction value for delivery trades.

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

The futures segment, be it equity futures or commodities futures, all have the same brokerage rate, i.e., 0.01% of Transaction Value.

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

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

• At least 21 years of age
• Be a graduate

Have 2-3 years of stock market work experience if you apply for Franchise/ authorised person. 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.

Especially if you opt for the ‘AAA’ model, you will get a highly advanced platform where you can see all the information related to your clients, leads, revenue generation, and more.

You can directly help the clients to open an account using the dashboard. The leads will be seen on the dashboard in real time. You can see how many leads are getting converted into clients.

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

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. Once you register and the KYC is done, you will receive the partner’s login credentials.

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

IIFL Sub Broker Benefits

The benefits of IIFL Sub Broker are as follows –

• As a franchise/ sub-broker/ authorised person, if you enroll, you will be paying 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, Remisier, you only need an office space if you are a sub-broker.
• Timely pay-outs 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 in financial services/ stock broking services, then IIFL is the answer.

Becoming an IIFL Franchise can not only help you earn high revenue with low investment, but it can help you grow and connect with market leaders.

Their constant support will help you grow as a professional in the stock broking 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 Sub Broker can be an individual/ business entity responsible for end-to-end client services on behalf of IIFL.

He or she will have his own office space; they will identify prospective clients, pitch, acquire and help clients 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. You’ll need to upload the documents mentioned above.

Then you must pay the amount and make 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 and earn.

Does IIFL offer a franchise model?

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

What is IIFL AAA?

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

It is a tech-based model where you will have a platform with the help of 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 with 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 a whopping 70% of the revenue generated by your clients.

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, there is extensive marketing support offered by IIFL to the partners. From local advertisements to digital marketing, everything IIFL offers to its partners 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 franchise/ 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.