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

Sharekhan is now Mirae Asset Sharekhan, one of the most popular names in the stockbroking industry. It has been years since this brand entered the market, and it offers a range of trading and investment services. It is considered a big thing to start a Mirae Asset Sharekhan Franchise.

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

This article will help you understand how to join this business. 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 Mirae Asset Sharekhan.

Mirae Asset 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. This broker offers excellent support to promote the partners.

All of these made Mirae Asset Sharekhan one of the most popular brokerage houses among partners and clients.

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

It started rolling out business opportunities, including the chance to become a Sharekhan Sub Broker, in 2005.

The brokerage house’s head office is in Mumbai. It is a privately held organisation with more than 7,000 partners nationwide.

Mirae Asset Sharekhan Franchise Program – Business Models

There are 4 business models available with them. Here are the details of all three models –

Mirae Asset Sharekhan Power Broker or Sub Broker

The Sharekhan Sub Broker business model is called “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 all of their 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 personalised services to HNI clients with complete support.

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

Mirae Asset Sharekhan Partner Program or Remisier

Sharekhan offers the Remisier model for partnership opportunities. One can refer clients and earn a commission for each referral.

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

Mirae Asset 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 sell mutual funds to your clientele, leveraging the company’s resources.

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

Mirae Asset 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 demat 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 Mirae Asset Sharekhan. There will be free research and advisory facilities for the client.

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

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

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

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

So, the total investment required to become a power broker ranges from Rs. 1 lakh to Rs. 2 lakh.

Remisier: The brokerage house charges a nominal fee for the Remisier model. The current cost of 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 to get started.

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

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

However, the broker has a relatively high revenue share with sub-brokers compared to its peers.

Remisiers receive around 20% to 30% of revenue, while IFAs receive between 40% and 50%.

While the Sharekhan Franchise Returns vary by business model, on average, it takes about 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 is a lucrative business partnership that offers a high ROI.

Mirae Asset Sharekhan Sub Broker Profits & Expenses Calculation

Here is the calculation of Profits, Revenue & Expenses.

With Mirae Asset Sharekhan Sub Brokership, you can earn up to 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%-30%.

Mirae Asset Sharekhan Partner Profits & Expenses

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

Sharekhan Partner Program is well known for its low-cost and standard services.

If you want to start a business, consider their Sub Brokership program, which is one of the best in the industry.

There is currently no Master Franchise business model.

The Power Broker business model is the most crucial, offering the highest revenue-sharing opportunity and the highest 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. Ft. of area
• There must be 2 employees in your office to handle the clients
• Trading terminals, internet connections, and telephone lines must operate smoothly, and backup arrangements must be in place 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. The company will support you with resources and research reports.
• The office should be fully air-conditioned and under CCTV surveillance.

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, with business management software provided. This will help you track all the clients’ trades, revenue generated, and leads.
• Trading support will be part of the partnership. As a partner, you will receive continuous trading support.
• Research and advisory support will readily be available through reports, trading calls, and stock recommendations.
• There will also be training on website support and client interaction.

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

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

They also offer exterior and interior unit marketing services to promote the business. This brand 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 Mirae Asset Sharekhan sub-broker will provide you with product information to help you understand their products and services.

This is crucial for every partner, as it will help them pitch to 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. The stockbroker 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 for currencies, futures, and options. So you can offer your clients all the investment instruments they can trade.

In addition to these regular trading and investment instruments, the company also offers mutual funds and insurance products.

If your clients need IPO services, there is a full-fledged segment for IPO investments.

The broker provides 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.

They also offer portfolio management services and basket trading services.

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

This broker charges 0.1% for intraday trading, equity futures, commodities, and currency futures. The brokerage is 0.5% for delivery trades and 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 in accordance with 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 recognised university
• If you are applying for the Sub-brokership program, business experience is also mandatory.

When you apply for the Mirae Asset 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

Mirae Asset Sharekhan Sub Broker or Franchise Dashboard

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

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

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

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

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

Mirae Asset 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, then use the portal discussed in the paragraph above.

You can also change the ID and password in the settings.

Mirae Asset 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 –

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

Mirae Asset Sharekhan Franchise Drawbacks

One Major Drawback of Sharekhan is its Brokerage Charges. Their brokerage charges are higher than those of 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 to access various products and services.

FAQs on Sharekhan Franchise Business

Check out various FAQs on Mirae Asset Sharekhan Sub Broker Franchise here –

Who can partner with Mirae Asset Sharekhan?

Sharekhan offers three partnership opportunities: Power Broker, Remisier, and IFA.

Is Mirae Asset 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 Mirae Asset Sharekhan franchise?

The 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 Mirae Asset Sharekhan sub-broker earn?

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

Is becoming a Mirae Asset 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 Mirae Asset Sharekhan?

You can apply by visiting their 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 does a Mirae Asset Sharekhan Remisier earn per month?

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

Can I get relationship manager support as a Sharekhan partner?

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

What commissions does Mirae Asset Sharekhan offer its partners?

The commission varies by 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 Mirae Asset Sharekhan?

Yes, Mirae Asset Sharekhan has a refer-and-earn program. If you refer someone and they open an account with the broker and trade within the same month as account opening, you will receive a flat Rs. 400 in your bank account.