NJ Wealth Franchise or Sub Broker or Partner – Find Cost, Commission, Profits & more

Becoming an NJ Wealth Franchise can be one of the best decisions you can make as a finance professional who wants to start his own business.

NJ Wealth is one of the most experienced brokerage houses in the country, with over 25 years of experience and a solid client base.

You are associating with them as NJ Wealth Sub Broker can be beneficial for your professional and business growth. This article will revolve around the details of a partnership opportunity with NJ Wealth.

The article will discuss the business models, the share of the revenue you will be entitled to, the investment required, infrastructure, benefits, facilities, the support offered, and everything an aspiring sub broker/ franchise holder would like to know about NJ Wealth.

NJ Wealth Partner Program has been rated average by its partners. They seem to like the revenue that the company shares with them.

Also, the market share of the company is impressive for the partners. The overall rating of this brokerage house by its partners is above the average in the industry.

However, there is scope for improvement as well.

NJ Wealth is one of India’s largest mutual fund distributors, with around Rs.130,346 crores of assets under its management, as per the latest reports.

It also has a network of 27000 plus NJ Wealth Mutual Fund Distributors that helps the company grow.

NJ Wealth started operating in 2003, and for these 19 years, it has been ruling the mutual fund market regarding the distribution network.

With its vast network, NJ Wealth has a presence across the country, in every state, and even in the remotest areas.

NJ Wealth Franchise – Business Models

The Mutual Fund Distributor offers one business model, which they call the mutual fund distributor model; however, you can also refer to it as NJ Wealth Sub Broker.

NJ Wealth Mutual Fund Distributor

There are ample opportunities when you join NJ Wealth as a mutual fund distributor, and you can also help other people to achieve their investment and financial goals.

NJ Wealth is also unique in its approach and the business model it offers. You can sell all the products from equities to mutual funds, and there is nothing like you will be only selling mutual funds.

The revenue earning potential is also different from other brokerage houses, which will discuss in the later segments.

The NJ Wealth Franchise Cost is only Rs.7,000, and you do not have to deposit any amount or keep it as a security deposit. NJ Wealth charges this as Registration Fees.

Of this, Rs.7000, Rs.2000 will go for the NISM Mutual fund VA exam, and the remaining Rs.5000 will provide study materials for the exam and the NJ subscription fee.

If you already have ARN, only Rs.5000 will be required, and it will be fully refundable on meeting business criteria within the first 3 months.

Otherwise, on and above Rs.7000, you will have to pay Rs.1500 plus GST to apply for ARN to CAMs as an individual.

So, as you can see, you have no lump sum amount to deposit or invest in becoming NJ Wealth’s partner.

This can benefit people starting their careers or looking for business ideas with low capital investment.

NJ Wealth Sub Broker Commission is more interesting and unique than other stock brokers. It offers a standard commission to the mutual fund distributors that vary from 50% to 70%.

So, if you have a client base that generates revenue of around Rs.100,000, you will be entitled to receive a minimum of Rs.500,00 to a maximum of Rs.700,00 from the same.

However, this is not the only commission that NJ Wealth shares. Another commission is known as trail commission, mainly offered on mutual funds.

It can vary, like 0.6% or 0.7%, and is calculated on the market value of the client’s AUM. Suppose you have a client with an investment of around Rs.10 lakhs in mutual funds made through you.

Then you can receive Rs.6000 to Rs.7000 from this. This also keeps on cumulating, which is another huge benefit for the partners of NJ Wealth.

The return on investment or NJ Wealth Franchise Returns can be positive within a very short period. You can recover your investment within a few weeks of starting your business, probably or even with the first sale you make.

Since the investment is so low, even if you get a client who invests Rs.20,000 monthly, you can earn Rs.10,000 to Rs.14,000 as normal commission, and your investment will be recovered, turning your ROI positively.

NJ Wealth Sub Broker Profits & Expenses

NJ Wealth Partner Profits & Expenses

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NJ Wealth doesn’t offer any NJ Wealth Master Franchise at present. It is currently offering one only business model, which is mutual fund distribution.

For the NJ Wealth Partner Program, you can have your own office to deal with your clients and assist them. However, there are no mandatory infrastructure criteria by NJ Wealth.

It depends on your business purpose and goal and how you want to set up your office and other infrastructure.

However, having a client desk and other features will be necessary as NJ Wealth itself.

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NJ Wealth Sub Broker gets the best support in the industry as suggested by the partners. The support services are well-integrated and detailed.

Sales support: NJ Wealth offers dedicated RM to the partners, helping them plan activities, target selling, and other events and programs to increase sales.

Marketing support: You will receive an exclusive sales kit starting with NJ Wealth, and they will also offer exclusive promotional material to attract clients.

Training support: There will be multiple pieces of training offered by NJ Wealth itself to the partners. These will be discussed in the last segment of the article.

Technology solutions: The brokerage house will provide a CRM desk, mobile apps, partner desk, and client desk to all the partners to set up their offices properly and work efficiently.

Research support: NJ Wealth offers partners one of the best research support. This helps the partners to provide good advisory support to the clients as well, and this helps in boosting revenue and acquiring clients.

Research details and reports are offered on MF schemes, market trends are analyzed, equity and other debt funds are examined, and reports are shared with the partners.

Then there are different publications created by NJ Wealth, which you can share with your clients.

Customer Support: Finally, customer support is one of the most crucial support offered by this brokerage house to the partners.

There is an online query module where the clients can call and get answers to their queries. The customer support is efficient and quick.

The marketing support offered for the NJ Wealth Mutual Fund Distributor Model includes promotional materials and a start-up sales kit.

All these will help the partner to promote and expand its business. Then there are different events where you can network with other partners and prospective clients.

The training offered to the NJ Wealth Sub Broker includes the following –

• Orientation training is provided to all the new partners who join NJ Wealth. This will give them an idea about the role of the partners and an overall idea about the company.
• Then there will be AMFI training which will help the partners understand the mutual funds, how they work, return generation, and other details of mutual funds.
• Product training will be continuous training provided from time to time. This will develop the understanding of which mutual fund scheme to pitch to which client and ideas about other products of NJ Wealth, like stocks and others.
• Sales training will be another crucial training that every partner will get from NJ Wealth. This will be to develop a skill set to pitch to clients and how to generate revenue.
• There will also be motivational training to keep the partners’ morale high.
• Finally, training sessions on soft skills and personality development will help the partners grow as professionals and individuals.

NJ Wealth is a brokerage house that heavily invests in its partners and employees. Any other brokerage house hardly offers such in-depth training sessions.

As an NJ Wealth Business Partner, you will be selling the following products –

• Mutual funds
• Portfolio management services
• Equities and ETFs
• Bonds and Fixed deposits
• NPS
• Loan against Mutual funds

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The revenue you can generate as an NJ Wealth Franchise from each of your clients will depend on how much brokerage each of your clients pays to the broker.

NJ Wealth charges very reasonable charges ranging from 0.1% to 0.2% for equity deliveries. Then for intraday, equity futures, currency futures, and commodities, the charges are 0.01% to 0.02%.

For the equity options, the brokerage rate of Rs. 10 to Rs. 20 per lot and the currency options. So, it will depend on your client’s total monthly trading volume.

Accordingly, you can calculate the total revenue and the share you will receive of the revenue.

The qualifications that you will require or the eligibility criteria that you would need to meet to join as an NJ Wealth Affiliate Program partner are –

• You have to be 18 years and above
• The basic understanding of the stock market, mutual funds, and other products in the capital market.
• You need to clear the NISM VA exam for mutual funds advisory.

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The documents you will have to keep handy while applying for NJ Wealth Affiliate Program include the following –

• PAN card
• AADHAAR card
• GST registration, if any
• NISM certification
• Education certificates and experience certificates
• If you are setting up an office, then address proof of the same, NOC for the office also you need to submit.

NJ Wealth Partner or Distributor Dashboard

NJ Wealth Partner Dashboard will include a CRM desk, Partners desk, mobile app, and client desk.

All these technology and software will help track all your leads, client conversion, their business, revenue generation, and other details.

With this software, you will also completely control your business anytime. There will be different charts and infographics to help you understand your progress in the business.

You can derive the actual earnings for a particular period using this dashboard and a lot more.

NJ Wealth Partner Login or NJ Wealth Franchise Login

You can start NJ Wealth Franchise Login after your ARN is generated. So if you are already an ARN holder, you can start the business and get login credentials within 24 hours.

However, if you need to clear the NISM VA exam to get the ARN, it will depend on how long you take to prepare for the exam.

Once you clear the exam, it will take around 2-3 weeks for the whole setup, and then you can start logging in and doing your business.

NJ Wealth Sub Broker Benefits

You can become an NJ Wealth Sub Broker for the following reasons –

• You will be part of the largest mutual fund distributor in India. NJ Wealth has almost more than 1.25 lakh crores of assets under management.
• You will be a part of more than 25000 mutual fund distributors nationwide. This can be huge for your business, network, and professional development.
• There are multiple products. You can sell equities, mutual funds, fixed deposits, and more.
• However, the best part of being associated with NJ Wealth can be its support system. The kind of support and the range it provides to its partners is unparalleled.
• The cherry on top is that there is no deposit that you need to keep; it is just the NISM exam charges and SEBI registration. If you already have ARN, the subscription fee will also be refundable upon meeting business goals.

NJ Wealth Franchise Drawbacks

The drawbacks of NJ Wealth Franchise can be a single business model and referring it as a mutual fund distributor. In reality, the partner can sell everything that the company offers.

NJ Wealth Mutual Fund Distributor – Conclusion

To conclude, becoming an NJ Wealth Partner can be a unique experience.

With the extensive support of the brokerage house, you can develop and grow your business to the next level, and there will be so much to learn while earning a high revenue share from this broker.

FAQs on NJ Wealth Distributor Business

Check out various FAQs on NJ Wealth Mutual Fund Distributor Model –

Does NJ Wealth offer sub-brokership?

Yes, it does. However, Nj Wealth calls it a mutual fund distributor in this organization.

That said, the work or duties are the same that involve client acquisition and pitching, lead generation, and offering trading support to clients.

Is it necessary to o clear the NISM VA exam?

You must clear the NISM mutual funds VA exam to partner with NJ Wealth. This is the main criterion for becoming a partner of this firm.

How much can I earn as NJ Wealth Sub Broker?

The partners of NJ Wealth earn between 50% and 70% of the revenue generated by their clients. There is also a trial commission which will also add to the earnings.

How much do I need to invest in NJ Wealth Franchise?

For NJ Wealth Franchise, you can invest a manageable amount. All you must pay for is the exam, subscription, and CAMs registration. It will cost a maximum of Rs. 8500.

Do I need an office to become an NJ Wealth Partner?

Yes, it would be best if you had an office. However, there is no specific infrastructure requirement. It would be best to have all the facilities to support your clients in the office.

What is the minimum age for becoming an NJ Wealth Partner?

The minimum age for becoming an NJ Wealth sub-broker is 18 years.

Can I do this as a side business?

Yes, depending on your business goals and aspirations, you can do this as a part-time or full-time business.

Can I sell equities/bonds/FDs or only mutual funds?

Yes, NJ Wealth offers equities, bonds, FDs, ETFs, loans against MFs, and much more. You can sell all these products as an NJ Wealth Partner.

Will there be sales support offered by the broker?

Yes, there will be extensive sales support for every partner of NJ Wealth.

How long does it take to get it started?

It will depend on you if you do not have ARN and have to clear the NISM VA exam. In case you have, it will take only 24 hours, and if you have to clear the exam, then after clearance, it will take 2-3 weeks.