Sharekhan Franchise or Sub Broker or Partner – Find Profit, Commission, Cost & more

Sharekhan is one of the most popular names in the stockbroking industry. It has been years since Sharekhan has been in the market, offering multiple trading and investment services. It is considered a big thing to become a Sharekhan Franchise.

You have landed on the right page if you are looking for all the details about the Sharekhan Sub Broker opportunity.

This article will help you understand how to join Sharekhan as a sub-broker. The article will also guide you through the eligibility criteria and infrastructure requirements.

You will get a clear idea of how much you have to invest and how much you can earn. This article will be a one-stop shop for all your information regarding partnership opportunities with Sharekhan.

Sharekhan Partner Program is one of the highly rated and reviewed programs. The brokerage house partners are satisfied with the products offered by the broker.

Revenue sharing is also something that partners are satisfied with. Sharekhan offers excellent support to promote the partners.

All these made Sharekhan one of the most popular brokerage houses amongst the partners and clients.

Sharekhan is one of the oldest brokers in the industry. It was established in 2000 by Jaideep Arora.

It started rolling out business opportunities where you could become a Sharekhan Sub Broker in 2005.

The brokerage house’s head office is in Mumbai. It is a privately held organization with more than 7,000 Sharekhan partners across the country.

Sharekhan Franchise Program – Business Models

There are 4 business models that Sharekhan offer for partnering with them. Here are the details of all three models –

Sharekhan Power Broker or Sub Broker

The Sharekhan Sub Broker business model is named Power Broker by the brokerage house.

As a power broker, you will have the capacity and duties to acquire clients and help them with their trading requirements online.

You can have your own office where you can deal with your clients. You can offer your clientele Sharekhan’s products and services as a power broker.

This model is suitable if you are already in the business as a sub-broker, financial advisor, or distributor.

With your vast clientele, you can earn a high revenue share. As a power broker, one can offer personalized services to HNI clients with complete support from Sharekhan.

This will help get HNI clients and help generate huge revenue. There are dedicated RMs for all the power brokers and many other facilities.

Sharekhan Partner Program or Remisier

Sharekhan offers Remisier a model for partnership opportunities. One can refer clients to Sharekhan and earn a commission on the same.

This business model is also for those with a good client base in the financial sector, especially HNIs.

Sharekhan IFA

Independent Financial Advisor is another business model offered by Sharekhan. This model allows you to sell mutual funds.

This is a mutual fund distributorship model. As a mutual fund distributor, you can leverage business with the brand Sharekhan.

This model suits financial advisors already in a mutual fund distribution network.

Sharekhan Refer & Earn Program

While the above models are for partners, a referral program is also available for clients. As a client, you can refer anyone to Sharekhan.

If the referred person opens a Sharekhan account, you will receive Rs. 400. The referee must open the account and place a trade within the same month. Only then will you receive the reward.

The person you refer will get a free account opening facility with Sharekhan. There will be free research and advisory facilities for the client.

You will have free one-year access to the trading terminal TradeTiger, the Sharekhan classroom, and many other facilities.

The Sharekhan Franchise Cost is Rs.70,000 for Sub Broker Business, but the broker provides multiple business models & for each business model, fees are given below –

Power Broker: This model requires two costs or investments: the franchise fee, which you must pay to Sharekhan, and the infrastructure requirements.

Sharekhan charges a franchise fee of around Rs.70,000 to Rs.1 lakh. You would also need to set up your office and employ staff, which would cost another Rs.50,000 or more.

So, the total investment required to become a power broker in Sharekhan ranges between Rs.1 lakh and Rs.2 lakhs.

Remisier: The brokerage house charges a nominal fee for the Remisier model. The current cost for the Sharekhan Remisier model is around Rs.10,000.

IFA: This model offers mutual fund distributorship, and you need to invest around Rs.50,000 in this model to get started.

Now, let’s move on to the most crucial part of the partnership opportunity you were looking for: Sharekhan Sub Broker Commission.

You earn around 60% to 70% of the revenue share as a Sub Broker. The highest revenue is shared with the sub-brokers as the duties and investments are also higher for sub-brokers.

However, Sharekhan shares quite a high revenue share with the sub-brokers compared to its peers.

Remisiers get around 20% to 30% of the revenue shares, while IFA receives between 40% and 50%.

While the Sharekhan Franchise Returns differ from one business model to another, on average, it takes around 3 months to break even.

This means the invested amount gets recovered within 3 months on average. Once the investment is recovered, all the commission you make will be your profit.

This offers a lucrative business partnership offer that Sharekhan offers with a high ROI.

Sharekhan Sub Broker Profits & Expenses Calculation

Here is the calculation of Sharekhan Sub Broker Profits, Revenue & Expenses.

With Sharekhan Sub Brokership, you can earn upto Rs.1 Lakh profit at a 38% profit margin. This number will increase quickly because this calculation is mainly done in delivery trading.

Once intraday, futures, and options revenue is added to this number, profits will increase by 20% to 30%.

Sharekhan Partner Profits & Expenses

The below table provides a detailed analysis of Sharekhan Partner Program Revenues, Expenses, & Profits.

Sharekhan Partner Program is not very famous or attractive compared to other programs. There are many better options available in the market.

So, if you want to start any business with sharekhan, you should consider its Sub Brokership program.

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There is no Sharekhan Master Franchise business model at present.

The Power Broker business model is the most crucial, with the highest revenue-sharing opportunity and investment requirement.

This is a franchise opportunity but not a Master Franchise.

For the Sharekhan Partner Program, if you are opting for the Power Broker model, you will require –

• An office space of 150 – 200 Sq. Ft. of area
• There must be 2 employees in your office to handle the clients
• Trading terminals, internet connections, and telephone lines must work smoothly, and backup must be arranged for technical issues. This is to ensure the clients do not have to suffer.
• As a power broker, you must also offer research and advisory facilities to your clients. Sharekhan will support you in this by providing resources and research reports.
• The office should be fully air-conditioned and under CCTV surveillance.

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As a Sharekhan Sub Broker or Remisier or IFA, you will receive the following support –

• A Relationship manager will be assigned to you, and they will take care of all issues related to your clients. This will help acquire and retain clients and promote the business.
• There will be back-office support for which business management software will be provided. This will help you track all the clients’ trade, revenue generated, and leads.
• Trading support will be part of the partnership. As a Sharekhan partner, you will receive continuous trading support.
• Research and advisory support will readily be available through reports, trading calls, and stock recommendations.
• There will be website support and client interaction training as well.

The market support offered for the Sharekhan Franchise Program includes local advertisements. These help build your image in the locality you serve.

There are also television and print advertisements. Moreover, Sharekhan helps you with all your digital marketing needs.

They also offer unit exterior and interior marketing facilities to promote the business. Sharekhan is famous for seminars, events, and webinars.

Financial industry experts attend all these seminars and events, and you can attend them too and invite your clients and potential clients. These events and workshops are significant for network-building.

Trading as a Sharekhan Sub broker will provide you with product information, which will help you understand Sharekhan’s products and services.

This is crucial for every partner as it will help their pitch before clients. There is also dealer training and service training for the sub-brokers.

If you are a Sharekhan Business Partner, you will have a full range of products to offer your clients. Sharekhan offers equity trading in both the delivery and intraday segments.

This means you can attract day traders, investors, and clients. Then, there is a commodity trading facility, currencies, futures, and options. So, you can offer your clients all the investment instruments they can trade on.

Apart from these regular trading and investment instruments, Sharekhan also offers mutual funds and insurance products. If your clients need IPO services, there is a full-fledged segment for IPO investments.

Sharekhan also offers stock recommendations and other advisory and research services to help you offer these to your clients.

There is also a margin trading facility. You can offer your clients one of the best trading terminals: TradeTiger, mobile platforms, or web-based platforms.

Sharekhan also offers portfolio management services and basket trading services.

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The revenue per customer as a Sharekhan Franchise depends on the volume of trade the customer makes.

Sharekhan charges 0.1% for intraday trading, equity futures, commodities, and currency futures. The brokerage is 0.5% for delivery trades, and it is Rs.100 per lot for equity options. For currency options, your client will only pay Rs. 30 per lot.

So, if your client does intraday trading worth Rs.10,00,000, the brokerage he has to pay is Rs.1,000.

Now, you will receive a share of your revenue per your business model and agreements.

To become eligible for the Sharekhan Affiliate Program, you will have to be –

• At least 21 years of age
• You must be a graduate of a recognized university
• If you are applying for the Sub-brokership program, business experience is also mandatory.

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When you apply for the Sharekhan Affiliate Program, you must keep the following documents handy.

• Copy of PAN of the proprietor or the business entity
• Copy of TAN of the business, if applicable
• GST registration certificate copy
• A copy of the AADHAAR Card of the proprietor
• Address proof of the proprietor and the office space
• Photograph of the proprietor
• NOC for the office space address, if applicable
• Franchise agreement form

Sharekhan Sub Broker or Franchise Dashboard

Once you become a partner of the brokerage house, you will receive the Sharekhan Sub Broker Dashboard, also known as Sharekhan CIS or Sharekhan Eternity.

This is the business management software the back-office team will offer to maintain all records and track clients’ revenue and other leads.

You will see how much revenue this month has generated on this platform. There will be other segments for leads and client conversion.

This software will help you access Sharekhan’s offers to its partners. On this portal, you will see how many leads open accounts with Sharekhan.

With the revenue details from each client, you will be able to see how much revenue you will get for the month.

Sharekhan Partner Login or Sharekhan Franchise Login

You will receive Sharekhan Franchise Login credentials once your sub-broker registration is complete.

Use the same credentials to log in to the partner’s account and then use the portal discussed in the above paragraph.

You can also change the ID and password by going to the settings.

Sharekhan Partner Program Benefits

Becoming a Sharekhan Sub Broker is like a dream for many financial advisors and sub-brokers. Here is the long list of benefits that you will be able to enjoy as a partner of Sharekhan –

• Sharekhan offers the best support to its partners in the stock broking industry. Whether you need marketing or trading support, the broker will provide it.
• Sharekhan periodically offers multiple exclusive offers. You can enjoy these offers and forward them to your clients to acquire or retain them.
• Sharekhan has a dedicated research and advisory team that researches the best opportunities in the market for all clients. You can have these research services and offer them to your clients.
• Sharekhan is a brand in the stockbroking industry. With the name Sharekhan by your side, you can get more clients than other stockbroking partners.
• You can also enroll in any of the three business models per your eligibility, business goals, and investment budget.
• Sharekhan provides multiple facilities for online stock market learning. They also conduct various seminars to help you network with more potential clients and people.
• Last, you can earn one of the highest revenue shares in this industry with a nominal investment.

Sharekhan Franchise Drawbacks

One Major Drawback of Sharekhan is its Brokerage Charges. Their brokerage charges are high in comparison with other discount brokers.

Sharekhan Sub Broker Program – Conclusion

So, if you are considering becoming a Sharekhan Sub Broker, this is the time to start applying. A huge opportunity awaits you as a partner of this esteemed brokerage house.

As a partner, you will receive strong support and exclusive offers to grow your business and Sharekhan from various products and services.

FAQs on Sharekhan Franchise Business

Check out various FAQs on Sharekhan Sub Broker Franchise here –

Who can partner with Sharekhan?

Sharekhan offers three partnership opportunities: Power Broker, Remisier, and IFA. Anyone who enrolls under any of these three business models can become a partner of Sharekhan.

Is Sharekhan registered with SEBI?

Yes, SEBI is one of the oldest and most reputed brokerage houses. Sharekhan has been an SEBI-registered company since its inception in 2000.

What is the Sharekhan franchise?

Sharekhan’s power broker business model is similar to a franchise. Like franchises, you must set up your office space and employ people.

Under this business model, you can get a revenue share of up to 80%. However, it is not a market franchise.

How much can the Sharekhan sub-broker earn?

As a sub-broker or Power Broker of Sharekhan, you can earn up to a whopping 70% of the monthly revenue your clientele generates.

Is becoming a Sharekhan sub-broker good for my career?

If you are already into financial advisory services, mutual fund distribution, or similar roles, becoming a Sharekhan partner can boost your career.

How can I become a sub-broker of Sharekhan?

You can apply by visiting the Sharekhan website. You will need to fill out the application form and submit documents. After proper verification, they will verify and approve your account.

How much Sharekhan Remisier earn per month?

As a Remisier, you can earn up to 40% of the revenue generated by your client. So, if your clientele pays a total brokerage of Rs.1,00,000 monthly to Sharekhan, you can earn up to Rs.40,000.

Can I get relationship manager support as a partner of Sharekhan?

Yes, Sharekhan offers a relationship manager to every partner of the brokerage house. You will get the same for handling your clientele as well.

What are the commissions Sharekhan offers to its partners?

The commission Sharekhan offers differs depending on the business model. You will earn around 60% to 70% as a Power broker, 40% to 50% as an IFA, and 20% to 30% as a Remisier.

Is there a referral program for Sharekhan?

Yes, Sharekhan has a refer-and-earn program. If you refer someone to Sharekhan and the person opens an account with the broker and trades within the same month of account opening, you will receive Rs.400 flat in your bank account linked to Sharekhan.