IIFL Franchise is one the few broking franchise business who have grown significantly in last 3 years. In this article, we will dig deep into IIFL Sub Broker Review.
Then we will go through a detailed analysis of India Infoline Franchise Offers, India Infoline Sub Broker Commission, IIFL Franchise Cost & other important features of IIFL Authorized Person Program.
IIFL or India Infoline Franchise Customer Ratings & Review
|IIFL Franchise Ratings|
|Products & Services||8.9/10|
About India Infoline / IIFL Franchise
IIFL, set up in 1995, has been an innovative broking firm. Since its inception, it has been quite a popular broking company. IIFL open up the business partnership venture in 2003 and since then it has been growing exponentially.
IIFL stocks a large variety of trading and investment products. It also has a credit line and portfolio management service line in addition to the advisory services. With all these products and the services, it definitely is a smart choice for sub-brokers.
As on date, IIFL has a vast network of sub-broker all throughout the country with a numerous offices. IIFL does not have multiple business association models. In the next few papars, we have explained this business mode, the revenue sharing ratio, the registration process and investment requirements.
It has prescribed the following basic eligibility criteria:
- Secondary education; and
- Valid proof of address
Needless to say, it also requires the person to be registered with SEBI and relevant stock exchange as a stock-broker. This is a part of mandatory compliance and hence needs to be fulfilled by every candidate interested in stock-brokership.
According to the new SEBI Circular, all existing sub brokers has to move to Authorized Person Registration. The Roles & Responsibilities of an Authorized Person is 100% similar to Sub Broker. All new IIFL Authorized Person has to register under exchange as AP instead of Sub Broker.
Become an Authorized Person of IIFL
Types of IIFL Franchise
IIFL believes in adaptability, by creating multiple fancy models. Any individual can choose to act as the provided model and job role from various parts of the country and fetch good business for themselves and IIFL.
The models provided by this Broking house are as follows:
- Marketing Associate
- Employee to Entrepreneur
- Remissier / Direct Sales Agent (DSA)
IIFL Sub Broker / IIFL Authorized Person / India Infoline Franchise
A sub-brokers’ functions are from end to end i.e. identifying potential clients, pitching for those clients, acquiring clients, adding more services to existing client accounts, serving these clients with their trading & investment advices, undertaking trade orders on their behalf and helping them in settle their accounts.
Lets understand the benefits of a sub-broker model:
Benefits of India Infoline Authorized Person:
- A well established brand
- Regular revenue generation
- Huge variety of products & services
- Marketing support from IIFL
- Smart trading platforms, alongside safe business process
- Facilitation of relationship managers and personal support
- Programs for awareness, trading session and workshops included
- Customer acquisition assistance and excellent advisory services
- Innovative & customized solutions offered via offline and online mediums and more
IIFL Marketing Associate
an individual who wishes to establish an individual business, where he/she is the sole owner, can opt for this business model. The requirement here is of a good networking and advertising skills, as the person will have the responsibility of advertising various offerings made by this stock broking house.
Benefits of India Infoline Marketing Associate
- No investment of whatsoever nature is required here
- You will become the official IIFL business Associate, absorbing the brand recognition
- Access to the company’s technology oriented platform will be provided, alongside simultaneous back office support
- Dealing in products and services of diversified nature to keep up with client expectations
- Facilitation of educational seminars is provided
- With no investment at all, you will be able to generate constant income
- Franchiser will eventually providing training and support in area of operations, client acquisition, and also research
IIFL Employee to Entrepreneur
This program provides the offer of transforming a person with more than 3 years of experience from the capital market industry, into an Entrepreneur. This model lets the concerned individual own a business and carry on activities they excel in.
Benefits of India Infoline Employee to Entrepreneur
- Growth prospects are not defined or limited
- Any area of expertise can be chosen, and a business can be set up based on it
- Investment requirement is nil, but a constant flow of income can be generated
- Dealing in multiple products and services
- Awareness programs are conducted for investors, i.e. Entrepreneur’s clients
- Technology assistance is constant
- Franchiser extends support and training in all domains
IIFL Remisier / DSA
One can choose this model to avail the perk of independent operation. The Remisier’s income generation would be through referring clients to the broker, where a certain portion of commission is paid in return. The essentials here are – good networking and marketing skills.
Benefits of India Infoline Remisier or Direst Sales Agent
- Proportionately lower security deposit amount is required
- Access to provided in all domains, i.e. all financial products offered by the company
- Earning would be as per the references provided
- Reputed brand’s association
IIFL Sub Broker Commission/ Revenue Sharing Model
IIFL certainly has observed the potential that sub-broker business carries for IIFL’s growth and accordingly IIFL has ensured that its sub-brokers are compensated with their deserving share in the revenue. The Broking house has been recognized to be a very fair and rewarding principal broker.
Its revenue sharing ratios have been known to be quite similar to the ones that are offered by the other broking business of the same grade. To have an idea of the revenue sharing ratio, please refer the following para:
IIFL Sub-broker or IIFL Authorized Person :
IIFL believes that a sub-broker undertakes huge part of responsibilities & functions and hence should be adequately remunerated. Accordingly, it has been known to share a 75% – 60% of revenue with the sub-brokers or authorized person i.e. the sub-broker gets a 75% – 60% share in the revenue and IIFL gets 25% – 40%.
This 25% – 40% is retained on account of the brand & the other activities that are performed solely by IIFL. This revenue ratio can be said to be one of the highest ratio that is being offered by broking firms falling under the same tier as IIFL.
IIFL Marketing Associate
The owner of this business is subject to enjoy a fixed share of 70%. On account of the activities taken over and as per the revenue generated, 70% of the revenue can be retained by the associated. However, the remaining 30% of the revenue made will go to the brand, which can also be referred to as the royalty.
IIFL Employee to Entrepreneur
Here, since the business owner has a lot of contributions to make on account of the gathered experience from working in the industry, a majority of share is provided to him/her. A whooping sum of 80% from the revenue generated is for the owner to retain. The leftover 20% must be provided to the franchiser.
On account of all the revenue generated from marketing the brand, the Remisier is allowed to retain a percentage in between 50% – 60%. This leaves the brand with 50% – 40% of share in the revenue generated by the remisier in concern.
Check the Table below for better understanding of India Infoline Sub Broker Commission:
|IIFL Commission||Sub Broker Commission|
|IIFL Sub Broker / IIFL Authorized Person||25% – 40%||75% – 60%|
|India Infoline Marketing Associate||70%||30%|
|IIFL Employee to Entrepreneur||80%||20%|
|IIFL Remisier||50% – 60%||50% – 40%|
Find the list of Sub broker Franchise with decent revenue sharing models:
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|Yes Securities Franchise||Fortune Trading Franchise||Choice Broking Franchise|
|Way2Wealth Franchise||Eureka Securities Franchise||Canmoney Franchise|
IIFL Franchise Cost / Security Deposit
|IIFL Sub Broker / IIFL Authorized Person||Rs.100000 – Rs.200000|
|IIFL Marketing Associate||No Charges|
|IIFL Employee to Entrepreneur||No Charges|
As per the chosen model provided by IIFL, the business owners have to make the appropriate investments, also known as security deposit. They are the sum required in order to acquire the particular business model. Franchise business model attracts highest investment of Rs.100000 – Rs.200000, and so are the returns attached high.
Consequently, the Remisier model oqner should provide a charge of Rs.15,000. Otherwise, the Marketing Associate and the Employee to Entrepreneur business owners are not required to pay any security deposit.
Franchise Model Sub-Categories
The franchisee can further choose from three different models, as per individual compatibility.
- No charges: This models requires no investment, and as a result provides limited accessibility and features, also, excluding equity.
- INR 15,000: The list of accessibility provided via this module surpasses the ones from the previous ‘No Charges’ module. Also, the amount of investment asked for, is refundable.
- INR 1,00,000 or 2,00,000: Investment of INR 2 lakh is subject to metro cities, while the sub metro cities demand INR 1 lakh in investment. This model provided full access to features, including equity.
Find the list of Stock Market Franchise with low initial investment amount:
|Bonanza Portfolio Franchise||Astha Trade Franchise||LKP Securities Franchise|
|BMA Wealth Creators Franchise||Asit C Mehta Franchise||Anand Rathi Franchise|
|KIFS Trade Franchise||ASE Capital Markets Franchise||Alice Blue Franchise|
IIFL Franchise Infrastructure Requirement:
The other kind of investment that a sub-broker is required to shell out is the infrastructure. IIFL is very liberal in terms of the infrastructure requirements as it does not have any high mandates on the look & feel of infrastructure.
IIFL believes in simplicity and does not demand any high infrastructure maintenance. However, it has certain minimum infrastructure requirements so as to ensure that there are no ill offices which may then spoil the brand & image of IIFL.
IIFL has prescribed a minimum workspace for each tier of city, the minimum number of workstations and the minimum internet requirements to undertake the trade on behalf of the clients. All these minimum requirements are very much reasonable.
IIFL Franchise Offers
Lets have a look at the offers that IIFL provides to its sub-brokers:
- High revenue sharing ratio
- Research reports for Free
- Free DEMAT accounts
- Free Trading account
- Assistance in setting up workplace
- Reduced margin money requirements
- Increased or extension of credit period
- Tailored solutions for clients
- Customized packages for sub-broker clients
IIFL Franchise or IIFL Authorized Person – Eligibility Criteria
IIFL has prescribed the following eligibility criteria for its sub—brokers:
- The candidate should be atleast 18 years old
- The candidate should have completed atleast higher secondary education
- Any additional certification course in field of stock market or financial market would be of great advantage
- The candidate should have atleast basic knowledge & understanding of stock market
- Any experience in this field would be an added advantage
- It is needless to say that the candidate should have a registration certificate from SEBI.
How to become a IIFL Sub Broker or Authorized Person?
It is a very plain 7 simple procedure. Just follow the following steps & become an India Infoline Sub Broker:
- Fill in the form available herein with the correct contact details
- Our executive will connect with you to confirm your interest in the form of business model that you wish to avail.
- We will fix up a meeting between IIFL relation team & the candidate
- During this meeting, IIFL and the candidate discuss upon the roles and returns. The terms like investment, deposit amount, revenue sharing ratio etc. are discussed.
- Candidate will be asked to furnish certain documents (refer our next section to have a brief understanding on the documents required)
- Meanwhile, IIFL conducts a background check of the candidate
- Upon completion of above formalities, an agreement is signed between the candidate & IIFL
- Lastly, IIFL will generate the sub-broker code and the sub-broker can commence the business.
Documents required to become IIFL Authorized Person
A candidate should ensure that following documents are available with them for registration as a sub-broker:
- A identity proof copy
- Address proof copy
- A copy of SEBI registration certificate
- Experience certificates
- Academic qualification certificates
- Cheque of security deposit
- Proof of infrastructure investments.
Know about other stock broking franchise:
|Alankit Assignments Franchise||Zerodha Franchise||Angel Broking Franchise|
|Aditya Birla Money Franchise||ICICI Direct Franchise||Kotak Securities Franchise|
|5Paisa Franchise||HDFC Securities Franchise||Edelweiss Franchise|
Why Partner with India Infoline or IIFL?
Here are the few reasons to become an IIFL Sub Broker. Lets have a look:
An innovative company and hence allows creativity in solutions and gives the sub-broker a chance to devise customized solutions.
A settled and established brand name which makes client acquisition easy.
The marketing support that keeps the sub-broker strong during the initial business phase and even during later stages.
Products & Services:
Large product & service profile that give a lot of business opportunities to sub-brokers.
Analytical Tools & Trading Platforms:
Their analytical tools have good name in the market. Their Trading platforms are quite efficient & user friendly.
Dedicated Relationship Manager:
The Sub Broker Franchise provides dedicated relationship manager to all its sub brokers. They also provides Research & Advisory Support.
Start your Broking Business with IIFL
IIFL Sub Broker Client Testimonials
IIFL made my journey from a beginner to an advanced sub-broker very easy & soothing. They have been a constant support and have always encouraged my business. By – Sri K Ramanna, Hyderabad
I’ve been very impressed with IIFL since day 1 as their registration procedure was so simple & hassle free. It was quick & smooth. Later, I realized that all other activities are also very designed in a simple & plain manner which makes doing business very easy. Account opening, trading, depositing money, transfer of shares, putting orders and what not.. all this is as simple as operating a computer. By – Asha Bhatt, Surat
The huge product profile that IIFL has is the major reason that I have been able to settle a good business in my area. The stock market surely is very fluctuating but their research & advice team constantly helps in advising my clients with tips to minimize the losses and maintain a balance in investment. By – Kamal Asudani, Kalyan, Mumbai
IIFL Franchise Summary
A new entrant to the market – IIFL has got along with it great business opportunities. Its idea of doing business is very innovative and customer friendly. Apart from the varied product profile, it is their low brokerage plans that are quite popular & famous in the market.
Even with sub-broker business, they are one of the highest paying companies and coupled with this is the fact that their investment requirements are quite reasonable & affordable – these two factors have contributed significantly to IIFL’s high number of sub-broker business network.
IIFL Authorized Person Program FAQs
Ques – Can I become an IIFL sub-broker?
Ans – Yes, if you fulfill the following conditions:
- Minimum age of 21 years
- Completed higher secondary education
- Have a SEBI registration certificate
- Have an understanding of stock market
- Another important criteria is experience in Stock Market
Ques – How can I become an IIFL sub-broker?
Ans – Please fill in the form here and we will connect you with IIFL relations team who will connect with you to confirm your interest in sub-brokership and then guide you with the registration process.
Ques – What documents do I need to become IIFL sub-broker?
Ans – List of Documents required are:
- Copy of ID proof
- Copy of address proof
- SEBI registration certificate
- Higher Secondary passing certificate
Ques – Can IIFL sub-broker be based in a different city?
Ans – Yes. A sub-broker can be based in a city which is not the headquarter city. In fact a sub-broker represents a local office of IIFL.
Ques – How much share in revenue does an IIFL sub-broker earn?
Ans – The sub-broker or Authorized Person can earn upto 75% of the revenue. This is subjective and varies depending upon case to case.
Ques – Does IIFL have Sub Broker Model?
Answer – Yes, IIFL or India Infoline does have a sub broker franchise model to provide for the interested candidates. In fact, it is the most popular franchise model, as provided by the stock broker house. There are a lot of sub brokers working for the franchise successfully, already.
Ques – Is IIFL having multiple Franchise models?
Answer – You have a total of 4 franchise models to avail from, which is more than what the other major stock broking firms provide. IIFL provides you the opportunity to invest in one of the 4 business models, i.e. sub Broker franchise, marketing associate, employee to entrepreneur and lastly, remisier.
Ques – What is IIFL Sub Broker Commission?
Answer – The sub brokers are entitled to large amount of profits, i.e. they get to retain higher proportion of the revenue they make. To be precise, they can hold up to 60% – 75% of the revenue they make, which is pretty great since the sub broker gets the upper hold on revenue sharing.
Ques – How much IIFL Franchise Cost?
Answer – The cost of franchise depends upon the franchise model you choose. For the most popular model, i.e. the sub broker model, the franchise cost is Rs.100000 – Rs.200000. Also there are different sub categories in this model. For the Marketing Associate and Employee to Entrepreneur model the cost is zero, whereas for the Remisier model, it is Rs.15,000
Ques – Does IIFL have Partner Program?
Answer – Yes, there are four franchise programs IIFL provides and partner program is one of them. This model is referred to as the Remisier model, which is subject to a payment in between Rs.15,000. Also, the revenue entitlement of the remisier is 50% – 60%.
Ques – What is IIFL Partners Sharing?
Answer – For the sub brokers, the revenue sharing percentage is 75% – 60%. The revenue sharing for the marketing associate is 70%, while it is 80% for the employee to entrepreneur owner. Lastly, the revenue sharing for the remisier is 50% – 60%.
Ques – Is IIFL Partner Program Free?
Answer – No, the partner program, i.e. the IIFL remisier business model is not free. Rather, it cost the individual Rs.15,000 to avail for the remesier model. According to the investment made, the profit entitlement is as well justified, since the remisier get to retain 50% – 60%.
Ques – Does IIFL provide Training Assistance?
Answer – Yes, a significant amount of training is as well provided to the franchise business owner. The domain in which help is extended is in area of operations, client acquisition, and also research. This ensures the franchisee is able to set up the business successfully.
Ques – How to Become IIFL Sub Broker?
Answer – The process to become IIFL sub broker can be started from this page. Click on the button “Become Sub Broker”, and fill up the pop up form and select the model you wish to avail. The company will get in touch with you to discuss everything about franchise in detail. When there is mutual agreement, the franchise agreement will be drawn.
Ques – Does IIFL Franchise provide Support?
Answer – Yes, a high degree of support is provided to the franchisee which is mainly in the domain of technical arena, franchise set up, marketing support and also training support. Through the support extended, franchisee can establish a successful venture.
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