Recently incorporated Mandot Securities Franchise is an advanced full-fledged brokerage house in India. It has grown and developed into a company offering exceptional financial services.
Its dedicated team provides unbiased financial services. Mandot Securities ensures higher profits to investors without huge risks.
The full-fledged franchise offers the Mandot Securities Partner, sub-brokership, and refer & earn program.
This article sheds light on Mandot Securities Sub Broker Program. You can uncover its business models, support facilities, infrastructure requirements, ROI, and more.
Chola Wealth Franchise Business Opportunity - Snapshot
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Chola Wealth Sub Broker Review & Ratings by FranchiseByte
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Overall Ratings
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Overview of Chola Wealth Sub Broker Franchise
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Mandot Securities is an Indian stock broker with various financial products. Vimal Mandot is the man behind the firm’s incorporation in 2014.
The head office of this private organization is in Indore, Madhya Pradesh. The franchise started operating in 2015. And now, it is located in different Indian cities with 100+ franchise outlets.
Even though the firm has been in the business for nine years, it has become one of India’s successful financial service providers.
Mandot Securities aims to expand the business as a leading financial service provider worldwide. The company’s main motive is to give investors huge returns without risk.
With an overall rating of 3.8, the brokerage house is a BSE and NSE registered partner. Moreover, the franchiser works as the CDSL’s depository participant.
It takes around 30 days to activate the Mandot Securities Sub Broker code. Authorized persons and Remisiers are paid within 35 days period.
Mandot Securities Franchise – Business Models
Here are 3 major business models of Mandot Securities Sub brokership.
Business Models | Revenue Sharing |
Sub Broker | 60% – 75% |
Partner | 50% + Rs.250 per new Client |
Refer and Earn | Rs.250 per new Client |
Mandot Securities Sub Broker Model
Mandot Securities Sub Broker business model enables the organization to dilute its business rights among experienced authorized persons.
The business model attracts people who desire to do business on behalf of the primary broker. In return, the firm rewards sub-brokers with a lucrative commission.
Two factors influence the sub-brokers commission. The first factor is the varying amounts of security deposit. And revenue on the company’s offerings is another factor.
Moreover, sub-brokers will be free to run the business as they desire. As a Mandot Securities’ authorized person, you can earn 60% to 70% revenue share.
Mandot Securities Partner Model
Mandot Securities Partner model is complementary to the authorized person business model. It is the best business model for people who want to become franchise partners while working individually.
It implies that, like sub-brokers, partners will be free to run their businesses as they desire.
Moreover, you will not need to have any infrastructure. Simply put, a partner will work as an agent of Mandot Securities.
The firm has fixed a 50% revenue share for its partners. Apart from this revenue percentage, partners also get Rs. 259 on adding a new customer to the broker’s portfolio.
Mandot Securities Referral Program
Mandot Securities Refer and Earn program is your go-to solution if you want to earn money without investment.
Anyone with relevant experience and a vast client base can become the franchise’s referral agent. Mandot Securities rewards Rs.250 on getting new customers.
You will refer customers to the firm. You can ask for a commission if these customers deal in the stock market through the broker.
Chola Wealth Franchise Cost & Fees
Sub Broker - Franchise Fee
Partner - Franchise Fee
Infrastructure Investment
The organization fixes multiple revenue slabs. Similarly, they also have different security deposit slabs. These commission slots differentiate between an authorized person and a partner.
For instance, the company’s sub-brokers pay more security deposits than Remisiers.
The Mandot Securities Franchise Cost for authorized persons varies from Rs.25,000 to Rs.50,000. And the brokerage house charges Rs.5,000 from its partners.
The lower limit for the franchise fee charged from the sub-brokers is Rs.25,000. And the upper limit is Rs. 50,000. Sub-brokers need to invest in infrastructure for smooth business operations.
Therefore, the Infrastructure Investment charges that Mandot Securities specifies are zero to Rs.50,000.
Chola Wealth Sub Broker Commission / Revenue Sharing / Royalty
Sub Broker Commission
Stock Broker Commission
Partner Commission
Stock Broker Commission
Referral Commission
Stock Broker Commission
Sub-brokers / Authorized Persons: With more responsibilities, Mandot Securities’ sub-brokers also get more commission.
An authorized person can have a 60% to 75% commission by adding more clients to the primary broker’s portfolio. In comparison, the franchise itself retains approximately 25% to 40% commission.
Partners: Mandot Securities Partner Commission is less than sub-brokers due to fewer responsibilities.
A Remisier can earn 40% to 50% commission from the franchise. Moreover, the broker credits Rs. 250 per new customer in the partner’s account. 50% to 60% is the stock broker’s commission share.
Referral Agents: Mandot Securities have a fixed Rs. 250 commission for referral agents. You get Rs. 250 on referring a new client.
Chola Wealth Business Partner ROI Details
In Years
Mandot Securities has recently entered the financial market. But it enables business partners to get higher returns.
Sub-brokers and partners have the freedom to operate their businesses at their convenience.
Moreover, they can pitch freely the company’s products or services to customers. With this, they can increase their chances of earning more profits.
The company allows elevating the Mandot Securities Sub Broker Returns after two months. It is a break-even period.
Mandot Securities Sub Broker Profits & Revenues
In this table, you will find out all details on Mandot Securities Sub Broker Profits & Profit Margins.
Monthly Revenue | |
No. of Active Clients | 250 |
Daily Trades per Clients | 1 |
Avg. Volume per Trade | 2,50,000 |
Brokerage per Trade | 0.22% |
Trading Days in 1 Month | 1 |
Total Brokerage Revenue | 1,37,500 |
Sub Broker’s Share | 1,03,125 |
Monthly Expenses | |
Office Rent (Co-working Space) | 12,000 |
1 Telecaller Cost | 13,000 |
1 Dealer Cost | 15,000 |
Misc. Expenses | 3,000 |
Total Cost | 43,000 |
Monthly Profit | |
(Revenue – Expenses) | 60,125 |
Profit Margin | 44% |
The brokerage house has come up with this formula to calculate its total revenue:
Number of Active Clients x Daily Trades per Client x Average Volume per Trade x Brokerage per Trade x Trading Days in 1 Month.
Mandot Securities use a 250-active customer base. The enterprise’s total brokerage revenue is Rs. 1,37,500 (250*1*2,50,000*0.22%*1).
A sub-broker retains a 75% share, and the revenue is Rs.1,03,125. The total telecaller, dealer, office rent, and miscellaneous expenditure is Rs.43,000.
The partner’s total cost is subtracted from total revenue to measure Mandot Securities Sub Broker Profits.
Their profit is Rs. 60,125, and they get a margin of 44% on the profit.
Mandot Securities Partner Profits & Expenses
Know about Mandot Securities Partner Profits & Revenues here.
Monthly Revenue | |
No. of Active Clients | 250 |
Daily Trades per Clients | 1 |
Avg. Volume per Trade | 2,50,000 |
Brokerage per Trade | 0.22% |
Trading Days in 1 Month | 1 |
Total Brokerage Revenue | 1,37,500 |
Partner’s Share (40%) | 68,750 |
Monthly Expenses | |
1 Telecaller Cost | 13,000 |
Misc. Expenses | 3,000 |
Total Cost | 16,000 |
Monthly Profit | |
(Revenue – Expenses) | 52,700 |
Profit Margin | 38% |
The brokerage house has come up with this formula to calculate its total revenue:
Number of Active Clients x Daily Trades per Client x Average Volume per Trade x Brokerage per Trade x Trading Days in 1 Month.
Mandot Securities utilize a 250-active client base. The organization’s total brokerage revenue is Rs.1,37,500 (250*1*2,50,000*0.22%*1).
A Remisier retains a 40% share, and the revenue is Rs.68,750. The total expenditure is Rs.16,000. The total cost is subtracted from total revenue to measure Mandot Securities Partner Profits.
Their profit is Rs. 52,700 and gets a margin of 38% on the profit.
Master Franchise of Chola Wealth - Information
Franchise Fee
Infrastructure Investment
Commission% / Revenue Sharing
Chola Wealth Partner Program Infrastructure Requirement
Shop / Unit Area
Employee Strength
Research / Advisory
Trading Terminals Set-up
Telephone Lines
Computer / Internet Connectivity
Airconditioner
CCTV Set-up
Mandot Securities Franchise is very specific when it comes to infrastructure requirements. Sub-brokers should follow these infrastructure requirements:
- An office space ranging from 100 to 200 sq. ft. Moreover, the office must have at least one employee.
- An active telephone line along with a computer and internet connection.
- CCTVs must be installed in the office.
- Some optional infrastructure requirements are installing air conditioner units or trading terminals.
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Support extended by Chola Wealth Sub Broker Franchise
Service Pricing
Offers
Client Interaction Training
Relationship Manager Support
Back-Office Support
Trading Support
Advisory Support
Marketing Support
Business Management Software
Website Support
Operation Manual
Training Manual
Mandot Securities Sub Broker can leverage these considerate support facilities:
- Service Pricing and Offers
- Client Interaction Training enabling business partners to interact seamlessly with investors or traders.
- After specific intervals, you can ask for Relationship Manager, Advisory, and Marketing Support.
- BackOffice and Trading Support for an authorized person.
- Operation and Training Manual makes it possible to run businesses as per Mandot Securities’ instructions.
No Business Management Software and Website Support exists for Mandot Securities’ authorized persons.
Franchise of Chola Wealth Sub Broker - Marketing Support
Unit Interior & Exterior Ads
Local Advertisement
Digital Marketing
Television Advertisement
Prints Advertisement
Events/Seminars
The brokerage house provides up-to-date marketing support to the Mandot Securities Authorized Person. Unit Interior & Exterior Advertisement support helps sub-brokers with marketing.
Displaying advertisements all over the premises and local area aids in promoting the franchise’s offerings.
Moreover, Local Advertisement support is available to enhance the effectiveness of marketing strategies.
Training provided by Chola Wealth Partner Program
Product Information Training
Dealers Training
Service Training
Mandot Securities Affiliate Partner can train himself by joining the company’s training programs:
Product Information Training: Partners can know Mandot Securities’ product offerings with product information training.
The trainers will help business partners master the financial products’ descriptions.
Dealers Training: The award-winning experts in the company specifically curates the dealer training program to help people master skills necessary to trade in the stock market.
Service Training: Delegates can join the service training program to explore Mandot Securities’ financial services.
Chola Wealth Franchise - Products & Services Offered
Equity Trading
Commodity Trading
Currency Trading
Options
Futures
Mutual Funds
Forex
Banking
Insurance
Demat Services
3 in 1 Acount
IPO Services
Stock Recommendations
Robo Advisory
PMS
Exposure or Limit
Mobile App
Web Trading Platform
Trading Terminal
Algo Trading Platform
Basket Trading
The list of Mandot Securities’ financial products is as follows:
- Mandot Securities Franchise offers Equity trading at nominal brokerage charges. The charges can range from 0.2% to 1%.
- It offers Currency Future at a brokerage charge of 0.01%.
- The firm offers Currency Options at a brokerage charge of Rs. 10 to Rs. 20 per lot.
- Demat Services also help customers register for a well-functioning Demat account.
- Stock Recommendations, Exposure or Limit, and IPO services
- A Web Trading Platform, Mobile App, and Trading Terminal enable traders to trade seamlessly in stock instruments.
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Franchise for Chola Wealth - Revenue per Customer
Intraday
Delivery
Equity Options
Equity Futures
Commodity
Currency options
Currency Futures
Franchisee Qualification required by Chola Wealth Sub Broker
Age Limit
Business Experience
Academic Qualification
Documents Required to Start Chola Wealth 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
Mandot Securities Sub Broker or Partner Dashboard
Check the link to Mandot Securities Franchise Dashboard.
Dashboard | |
Partner / Sub Broker | Dashboard Link |
Mandot Securities Partner Dashboard allows business partners and investors to trade online. Moreover, the trading cost is less. The dashboard gives access to the given features:
- You can create a watchlist. It will help you know the real-time prices of different stock market instruments.
- Buying and selling shares from anywhere, at any time.
- Viewing your Demat holdings.
- You can transfer your funds instantly.
- The platform sends notifications about stock market news or updates.
Mandot Securities Franchise Login
You can follow this process for Mandot Securities Franchise Login:
- Visit the official mobile app or trading platform of Mandot Securities.
- Fill in the details in the account registration form required by the company.
- The franchise’s representative will generate an individual specific username and password.
- Log in to the trading account with your credentials.
Mandot Securities Sub Broker Benefits
Here are the Mandot Securities Sub Broker Benefits:
- Sub-brokers only require a few business infrastructures. Moreover, they provide decent commission rates. With little to no investment and better commission, an authorized person can earn a higher return on investment.
- Mandot Securities Franchise delivers an extensive spectrum of financial services. It helps them make more diversified judgments and decisions.
- The franchise provides top-notch training programs and support facilities. It helps sub-brokers run their businesses efficiently and profitably.
- Mandot Securities have a team of industry-specific professionals. They help the company’s investors make huge profits without significant risks.
Mandot Securities Franchise Drawbacks
Here are the Mandot Securities Franchise Drawbacks:
- Mandot Securities is a new entrant in the stock market and, thus, offers limited products and services.
- Moreover, the company must extend digital marketing support in this technological age.
- Clients and partners need to pay charges for opening a Demat account.
- Investors can’t trade in currencies with Mandot Securities.
Mandot Securities Partner Program – Conclusion
Mandot Securities is one of the lowest brokerage companies in India. The brokerage house is a safe platform for trading.
No one can carry out unauthorized transactions in investors’ trading accounts. Mandot Securities Partner Program enables individuals to earn extra bucks without any investment.
Do you have experience dealing in the stock market? If such is the case, Mandot Securities’ business models are your best chance.
FAQs on Mandot Securities Franchise Business
You can learn more about Mandot Securities with these frequently asked questions:
Does Mandot Securities offer Sub-broker Business Model?
Yes, you can work as an authorized person with Mandot Securities. This Indian stockbroker rewards the sub-brokers with a 60% to 70% revenue proportion.
How many Affiliate Partners does Mandot Securities have?
Mandot Securities have recently entered the stockbroker industry. So, it has limited 50+ affiliate partners.
What are the Mandot Securities Referral Agents?
Mandot Securities appoints referral agents to increase its customer base. Referral agents get new traders for the enterprise and earn Rs. 250 for each client.
How can I become a Mandot Securities Associate Partner?
If you desire to work as a Mandot Securities’ associate partner, follow these steps:
- Visit the firm’s official site and click the ‘Become e Partner’ tab.
- You must complete the registration form along with giving vital documents.
- Next, wait for the representative to contact you.
How much can I earn by becoming Mandot Securities Partner or Dealership?
Mandot Securities’ partner business model offers a 40% to 50% revenue share. In addition. a Remisier gets flat Rs. 250 per new trader.
Am I eligible to start a Mandot Securities Partnership Agency?
You must comply with Mandot Securities eligibility criteria to commence partnership agency:
- The age of applying candidate can be 21 or more.
- There is no restriction on graduation degree, but the candidate must qualify +2.
- Having industrial experience is optional.
Is it a Must to have a Mandot Securities trading account?
The candidate seeking business with the enterprise must have a Mandot Securities account. You can become its business partner only after completing the account registration process.
What is Mandot Securities’ franchise infrastructure fee?
The franchise charges for individuals wanting to work as authorized partners are Rs. 5,000. Their infrastructure investment cost can be between 0 to Rs. 50,000.
How can I track my earnings with Mandot Securities?
You can visit the Mandot Securities’ trading site or mobile app to view your current earnings. Once you log in to the app, explore the ‘Track Earnings’ tab.
Is Mandot Securities safe to become a business partner?
Mandot Securities offers a safe trading process by registering at the SEBI, NSE, BSE, and CSDL. You can legally buy and sell financial instruments with the broker.