Find Your Franchise

Know everything about Karvy Franchise Business Opportunity here.

Founded in 1983, Karvy Stock Broking commenced its journey with the vision of making stock trading even more convenient for investors in the stock market.

The company grew in popularity and later successfully established its outlet network in over 1500 places.

Besides its robust servicing, the brand managed to scale exponentially through its Karvy Sub Broker business, in which people earn for their contribution to expanding Karvy’s business empire.

You can also become a Karvy Partner by simply complying with the basic terms of joining. The perks this partnership exposes you to and the limitations of the program are discussed below.

Karvy Franchise Business Opportunity - Snapshot

Line of Business

Sub Broker

Unit / Shop Area

150 - 200 Sq. Ft.

Commission% / Revenue Sharing

30% - 70%

Total Investment

Rs.35,000 - Rs.100,000

ROI Timeframe

3 Month

Karvy Sub Broker or Franchise Review & Ratings

Revenue Sharing

3.90 / 5

Franchise Fee & Infra Investment

3.84 / 5

Support & Training

3.72 / 5

ROI Timeframe

3.78 / 5

Brand Value

3.76 / 5

Overll Ratings

3.80 / 5

Star Ratings

Overview of Karvy Sub Broker Franchise


Finance & Money

Line of Business

Sub Broker

Organization Type


Head Office



C Parthasarathy

Founded In (year)


No. of Franchise Outlets


Master Franchise Model


Franchise Tenure


Franchise Location

All over India

Business Set-Up Time

1 Month

Franchise Commencement Year


The business model of Karvy Sub Broker is one of the most impressive. The business models of the stockbroking platform are divided into three categories.

Firstly, you notice the Karvy sub-broker program, in which a person who becomes a sub-broker will have great responsibilities.

Similarly, you see the partner model, which is an opportunity for business associates, and the third is the refer and earn program.

Those folks that are interested in becoming Karvy sub-brokers will be able to run the broker’s franchise for a lifetime.

However, some pre-requisite conditions must be met by the joiner, which covers a minimum investment and other basic needs.

Karvy Franchise – Business Models

Here are all important business models of Karvy Franchise.

Business Models Revenue Sharing
Sub Broker 60% – 70%
Partner 30% + Rs.200 per new Client
Refer and Earn Rs.300 per new Client

Karvy Sub Broker

If we start with the Karvy sub broker program, the business model brings the joiner some larger responsibilities.

Simply put, as a sub-broker, you will be working on behalf of the brokerage firm. You will be interacting with the clients and will be in charge of providing them with solutions in the real world.

Since responsibilities will be large, the commission rate offered to the sub-broker is also impressive.

The new franchisee will be asked to submit a franchise fee of Rs.50,000 as soon as they show interest in joining.

The condition also requires an infrastructure investment amount of Rs.25,000 – Rs.50,000.

Karvy Partner Model

The second model is the Karvy Partner Program, which is indeed an interesting opportunity to contact existing businesses and entrepreneurs who want to bring their unique selling skills to the Karvy Broker.

Simply put, if you have an existing firm you would like Karvy’s services. You can surely contact the broker.

Karvy is currently offering a standard commission of 30% plus Rs.200 per new client you bring to the broker. But if you want, you can ask the broker to customize the plans for you.

Karvy Referral Program

The Karvy Refer and Earn program is appropriate for every entrepreneur who is interested in forming a side hustle that generates revenue aside from their existing income source.

The criteria of the program will be similar to typical referral programs you see on the internet. Create a website or a social media profile, and make sure the audience it is getting is targeted.

Get the unique referral link from the broker and paste it anywhere on your social media or web page where it will have a higher chance to be seen and clicked.

Each time a person clicks on this link, they will jump straight to the broker’s platform, and their further actions will reserve a particular commission for you.

Karvy Franchise Investment & Fees

Sub Broker Franchise Fee


Partner Fees


Infrastructure Investment

Rs.25,000 - Rs.50,000

Now that you are a little more convinced to roll over a partnership with the Karvy broking platform, let’s take a look at the Karvy franchise cost.

The broker charges its partners a particular fee and commission before authorizing the franchise.

Such as, if you are planning to become a sub-broker, then make sure you are convinced to pay a Rs.50,000 franchise fee.

On the other hand, if you want to approach as a partner, you need to pay an upfront payment of Rs.1000. The refer and earn program is completely free.

But if you are opting for a business model in which you have been asked to arrange a physical shop of approximately 150 to 200 sq ft, you should consider an additional Rs.25000 to Rs.50,000 for infrastructure investment.

Karvy Sub Broker Commission / Revenue Sharing / Royalty

Sub Broker Commission

60% - 70%

Stock Broker Commission

30% - 40%

Partner Commission

30% + Rs.200 per new Client

Stock Broker Commission

Flat 70%

Referral Commission

Rs.300 per new Client

Stock Broker Commission

Flat 100%

Karvy Partner Commission is one of the attractive elements, no doubt. How much do you ultimately attract to your wallet once a client has opened up an account at Karvy and become a registered user?

If you have such a question in mind, then let’s make it clear. As a sub-broker, you earn a fixed 60% minimum commission per client.

The maximum commission can go up to 70%, which depends on the quality of the client or the total revenue being generated per client by the broker.

The rest, between 40% and 30%, will be retained by the broker as royalty.

Karvy Business Partner ROI Details

In Months

3 Month

Return on investment will remain a prominent subject for business partners.

After knowing the details on Karvy Sub Broker Returns, if you want to know a bit more about a business partner’s ROI, let’s put it in simple words.

In general, business partners can make 30% of the revenue generated per new client. Rs.200 extra commission is also reserved for the partner, which they receive after introducing a new user to the Karvy platform.

You can keep the entire 30% of the revenue, which excludes expenses if you have a new client in your business.

Karvy Sub Broker Profits & Expenses

Monthly Revenue
No. of Active Clients 175
Daily Trades per Clients 1
Avg. Volume per Trade 2,50,000
Brokerage per Trade 0.20%
Trading Days in 1 Month 2
Total Brokerage Revenue 1,75,000
Sub Broker’s Share (70%) 1,22,500
Monthly Expenses
Office Rent (Co-working Space) 15,000
1 Telecaller Cost 14,000
1 Dealer Cost 18,000
Misc. Expenses 5,000
Total Cost 52,000
Monthly Profit
(Revenue – Expenses) 70,500
Profit Margin 40%

Karvy sub brokers can feel flexible about their expenses and profits because the broker is offered an attractive payout of a whopping 60% to 70% commission per client.

It could be a lucrative opportunity because the revenue generated per client by the broker can be in the lakhs and crores sometimes.

In such scenarios, your profitability increases. But the fixed cost is the only big challenge here. As a sub-broker, you will have to worry about staff salaries, utility bills, and other franchise expenses.

But once you have the whole thing sorted out, you will still have some lucrative figures in your business profits.

Karvy Partner Profits & Expenses

Monthly Revenue
No. of Active Clients 175
Daily Trades per Clients 1
Avg. Volume per Trade 2,50,000
Brokerage per Trade 0.20%
Trading Days in 1 Month 2
Total Brokerage Revenue 1,75,000
Partner’s Share (30%) 52,500
Monthly Expenses
1 Telecaller Cost 15,000
Misc. Expenses 5,000
Total Cost 20,000
Monthly Profit
(Revenue – Expenses) 32,500
Profit Margin 19%

Karvy Partner Profits won’t be declared as profits until they are confirmed as a profit. Simply put, most businesses may have more expenses.

Their business might have a higher customer acquisition value, by which we meant the money spent on bringing a single client to the broker.

If the amount invested is more than the 30% commission you retain a right to as a partner, you will be in extreme financial trouble in the end.

So make sure you calculate the whole thing first and sign up for the partnership after doing the complete business math.

Master Franchise of Karvy - Information

Franchise Fee


Infrastructure Investment


Commission% / Revenue Sharing


Karvy Franchise Infrastructure Requirement

Shop / Unit Area

150 - 200 Sq. Ft.

Employee Strength

Minimum 2

Research / Advisory


Trading Terminals Set-up


Telephone Lines


Computer / Internet Connectivity




CCTV Set-up


Karvy franchise infrastructure is one of the prominent topics of discussion in the Karvy franchise program. Most newbies are likely to run into confusion at this point.

But we want to keep things clear for you. Sub-brokers must comply with the term of making a minimum investment, aside from submitting a franchise fee of Rs.50,000.

The investment amount will be spent entirely on the franchise setup. From buying the furniture to buying the office appliances.

The amount is exclusively intended to create a professional setting at the workplace.

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Support Provided by Karvy Partner Program

Service Pricing




Client Interaction Training

Partially Available

Relationship Manager Support

Not Available

Back-Office Support


Trading Support


Advisory Support


Marketing Support

Partially Available

Business Management Software


Website Support

Not Available

Operation Manual


Training Manual


Karvy Sub Broker provides various support services to its partners. The service pricing and offers are available to partners, as well as trading and advisory support.

Back-office support and website support are not available, but business management software and training manuals are available to assist with partner operations.

Client interaction training and marketing support are partially available, while relationship manager support is not.

Overall, Karvy Broker offers a range of support services to its partners, with some limitations in certain areas.

Franchise of Karvy - Marketing Support

Unit Interior & Exterior Ads


Local Advertisement


Digital Marketing


Television Advertisement

Not Available

Prints Advertisement

Not Available


Not Available

Karvy authorized person receives complete marketing support from the broker.

The marketing support includes unit interior and exterior advertisements, local advertisements, and digital marketing.

However, there are certain areas where Karvy Broker does not provide marketing support, such as in-house branding, outdoor media, and promotional merchandise.

Sub-brokers can utilize Karvy Broker’s marketing support to increase their business presence and attract potential clients.

The broker’s marketing support can be beneficial for sub-brokers who want to establish a strong brand image and grow their business.

Training provided by Karvy Sub Brokership

Product Information Training


Dealers Training


Service Training


Karvy Broker provides training to its partners in its Partner Program.

The training program aims to equip Karvy Affiliate Partners with the necessary skills and knowledge to effectively carry out their roles and responsibilities.

The training covers various topics, including trading, investment services, and insurance. Additionally, partners can receive training on the broker’s products and services, in particular.

Karvy Broker’s training program is designed to help partners improve their performance and enhance their value proposition to clients.

The training is provided free of charge, ensuring that partners have access to the resources they need to succeed.

Karvy Authorised Person - Products Offered

Equity Trading


Commodity Trading


Currency Trading






Mutual Funds






Demat Services


3 in 1 Acount


IPO Services


Stock Recommendations


Robo Advisory




Exposure or Limit


Mobile App


Web Trading Platform


Trading Terminal


Algo Trading Platform


Basket Trading


Karvy Broker offers a diverse range of financial products to its Karvy Franchise partners, catering to the different investment needs and goals of clients.

These products include equity, currency, futures and options, mutual funds, and commodity trading.

With equity trading, clients will invest in the stocks of companies listed on major stock exchanges and potentially earn higher returns over the long term.

So do partners, who will also earn returns in the long term. The return on investment will be calculated every 3 months.

So, make sure you do the math accordingly. In addition to basic assets, IPO services, and insurance services are also available.

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Franchise for Karvy - Revenue per Customer


0.01% - 0.03%


0.10% - 0.30%

Equity Options

Rs.10 - Rs.30 per Lot

Equity Futures

0.01% - 0.03%


0.01% - 0.03%

Currency options

Rs.10 - Rs.30 per Lot

Currency Futures

0.01% - 0.03%

Franchisee Qualification required by Karvy & Milk Franchise

Age Limit

21 years & above

Business Experience


Academic Qualification

No Restriction

Documents Required to Start Karvy Sub Broker Program

Franchise Agreement


Proprietor Aadhaar Copy


Proprietor Photo


Proprietor / Business PAN Copy


Business TAN Copy


GST Registration Certificate


Proprietor / Business Address Proof


Unit / Shop Address Proof


NOC of Unit / Shop


Karvy Sub Broker or Partner Dashboard

Check out the link to Karvy Franchise Dashboard.

Partner Dashboard Link

Karvy Partner Dashboard is an exclusive destination where you will come across all of your potential high- and low-performing days.

How much have you earned so far, and how much will you earn in the future? The dashboard will give clear instructions.

You can even take the help of graphs if the given figures appear too difficult for your mind to process.

Each dashboard will be accessed based on a unique log-in ID, which must be kept fully secured by the business partner.

Karvy Franchise Login

The Karvy Franchise Login details are generated soon after the sub-broker is convinced to enter the partnership program.

However, the log-in detail will become active for use only when all the other details are finalized.

As such, once the sub-broker passes the entire eligibility criteria, the login details will automatically get activated.

Karvy Sub Broker Benefits

Given below is a list of Karvy Sub Broker Benefits, which you should watch all the time:

  • You can access a 30% attractive payout in the partner program.
  • Sub brokers can earn 60% to 70% commission per client.
  • Outstanding support facility
  • A reputed broker working since 1983.
  • Multiple investment instruments

Karvy Franchise Drawbacks

Since we love to keep things transparent, let’s unwrap some Karvy franchise drawbacks.

  • Rs.50,000 franchise fee is high.
  • High infrastructure investment
  • A lesser-known broker
  • Little outdated dashboard.

Karvy Partner Program: Conclusion

You can now feel confident about your decision to join the Karvy Partner Program because you have been granted flexibility in your choices by the stockbroker.

Karvy has enjoyed a reputed position in the online stockbroking sector. However, since the inception of some new discounted brokers, the progress of Karvy has been halted but not paused.

The broker has more than 1500 franchise outlets and is actively serving the finest broking services to millions of clients.

FAQs on Karvy Franchise Businesses

Find out various FAQs on Karvy Affiliate Partner Program.

Does Karvy have an authorized person?

Yes, Karvy does have an authorized person. An authorized person is a representative who is authorized by Karvy to offer their services to clients and carry out transactions on their behalf.

You can also become an authorized representative of the broker by complying with some basic terms.

How many affiliate partners does Karvy have?

It is unclear how many affiliate partners Karvy has at present, as this information is not publicly available.

However, you can get in touch with Karvy to inquire about their affiliate program and the opportunities available.

Who are the Karvy Referral Agents?

Karvy Referral Agents are individuals or entities who refer new clients to Karvy and earn a commission for the same.

Referral agents play a crucial role in expanding Karvy’s customer base and are rewarded for their efforts.

How can I become a Karvy Associate Partner?

To become a Karvy Associate Partner, you need to get in touch with Karvy and express your interest in the partnership program.

They will guide you through the application process, which involves submitting your details, completing the necessary paperwork, and meeting the eligibility criteria.

How much can I earn as a Karvy Partner or Dealership?

The earning potential as a Karvy Partner or Dealership can vary depending on a variety of factors, such as the volume of business, the type of products or services offered, and the commission rates.

The broker is currently offering 30% commission to business partners and up to 60% to 70% commission per client to sub-brokers.

Am I eligible to start a Karvy Partnership Agency?

Eligibility criteria for becoming a Karvy Partnership Agency may vary depending on the program and the region.

Generally, you will need to have relevant experience in the financial services industry, possess the necessary licenses and certifications, and meet other requirements set by Karvy.

Do I need to have a Karvy trading account?

No, you do not need to have a Karvy trading account to become a Karvy Partnership Agency or Associate Partner.

However, having a trading account may be beneficial in terms of offering a more comprehensive range of services to your clients.

How much do I need to invest in becoming Karvy’s authorized partner?

The investment required to become a Karvy Authorised Partner may vary depending on the program and the region.

You can get in touch with Karvy to learn more about the investment required and the opportunities available.

How can I track my earnings with Karvy?

Karvy provides its partners with access to a comprehensive dashboard that allows them to track their earnings, commissions, and other performance metrics.

You can log in to the dashboard to view your earnings and other important data.

Is Karvy safe to become a partner?

Yes, Karvy is a well-established and reputable company in the financial services industry, working since 1983.

They have a strong track record of delivering quality services to their clients and partners and have been recognized for their efforts in the field.

As with any investment or partnership, it is always advisable to do your due diligence and assess the risks involved before making a decision.


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