Narnolia Franchise is a fast-growing Stock Broking company in India which is a recent entry but has managed to come up the ladder in the few years of being in business.
They are a very aggressive company and have built a good client base in a very short time. In this article, we have tried to give you an insight into the Sub broker partnership rules of Narnolia.
In here, we have covered their various Partnership models, process to get enrolled with them, documentation required for the enrollment, and everything to do with their business partnership structure.
We would also be talking about their Revenue sharing percentile, what is the initial security deposit that they ask for and what kind of infrastructure that they expect you to maintain as Narnolia Sub Broker. In a nutshell, everything that you need to know about their Business Partnership is mentioned herewith.
Narnolia Franchise Customer Ratings & Review
|Narnolia Franchise Ratings|
|Products & Services||5.0/10|
About Narnolia Franchise
Narnolia is a Public Full Service Broker established in the year 1993 by its founder Mr. Krishna N Narnoli. In the last 15 years, the company has seen a steep growth with respect to its financial stability as well as its customer base.
They have memberships with India’s top Stock exchanges like BSE, NSE, MCX, and MCDX. They also are repository partners with CDSL and NSDL for sourcing Demat accounts.
Their product offerings are also very elaborate and exhaustive which gives the Sub Brokers a chance to sell and upsell effectively.
They offer products like Equity Trading, Commodities, Derivatives, Currency and Options, Mutual Funds, Fixed Deposits, IPOs and also Insurances.
They are also into Research and Advisory services making them a preferred broker amongst investors.
If you want to liaise with them as a Sub Broker, the time taken for the entire process would be around a month and the payout cycle also is a monthly one wherein your completed transaction will give you the payout post 30 days of the transaction date.
Become an Authorized Person of Narnolia
Types of Narnolia Business Models
Narnolia has a very transparent and simplified way of working, hence for their business partnerships as well, they have kept only one model i.e. the Sub Brokership model.
Let us understand more about their Sub Broker model
- Sub Broker / Authorised Person
Narnolia Sub Broker or Narnolia Authorized Person
The Sub Broker Model with Narnolia is a very straight forward partnership wherein the Sub Broker buys the license from the company to become a Franchise and the company in return gives complete access to the Sub Broker to access its portals, trading terminals and also any customer experience related service that needs to be accessed.
The Sub Broker furnishes as a complete full-fledged broker on behalf of the company and deals with the investors directly.
Benefits of Narnolia Authorized Person
There are multiple benefits of getting associated with Narnolia, let shave a look at some of them:
- They are an extremely transparent organization and hence you would not find any hidden charges
- The company has a very robust and strong Research and advisory team which gives real time market updates and also insights on market investments
- Narnolia is a very open minded and liberal organization and encourages small scale business owners to collaborate with them and grow; hence a partnership with them can certainly be very helpful.
- Their Management and employee base is also very good and filled with highly professional personnel
- The company invests a lot of time and effort in get their business partners trained thoroughly on all their products and services
Narnolia Partner Revenue Sharing or Narnolia Sub Broker Commission
While on one hand Narnolia has asked for least Security deposit from its Business Partners, simultaneously they are shelling out maximum Revenue sharing amount to their partners which gives a clear indication that they follow extremely transparent and fair trade business practices.
As a Narnolia Sub Broker, you can expect to get anything between 75% – 85% of the revenue generated by you as a profit share from the company.
This is one of the highest commissions provided across the industry. This also is another proving element that states the intent and consideration of the company about their business partners.
Refer to this Table for clear picture:
|Revenue Sharing||Clients Share||Narnolia’s Share|
|Sub Broker||75% – 85%||15% – 25%|
Start your Broking Business with Narnolia
Narnolia Franchise Cost or Security Deposit
Every Stock Broking company would charge a minimum amount from you in the beginning of the association as a Security deposit amount, which generally ranges anything between Rs.50,000 to Rs.200,000 as well.
However Narnolia has an open door policy and wants to reach out its partnership roots to as many people as possible and hence they have kept their Security Deposit amount as low as possible which is just Rs.15,000 to Rs.20,000.
This way they are inviting more and more people to join them and grow with them.
Check this table below for a better understanding of Narnolia Franchise Cost:
|Sub Broker||Rs.15000 – Rs.20000|
These Sub Broker Franchise ask for low Security Deposits:
|Fyers Franchise||Choice Broking Franchise||Elite Wealth Franchise|
Narnolia Franchise Infrastructure Set-up Cost
Narnolia is also not very finicky about their infrastructure requirements that a Sub Broker needs to maintain, however they need to ensure that the Business Partner maintains some dignified office space in a decent locality as they represent the company themselves.
The company needs the partner to maintain an office in an area of atleast 300 Sqft and with an employee base of atleast 3 people working for them on this project.
The office also needs to have basic amenities to function as a business unit like telephone lines, internet connectivity and trading terminals as well.
These are some basic utilities that one would anyways want to have in an office setup, nothing extra that the Broker is asking for.
Narnolia Sub Broker Offers
Narnolia, as earlier mentioned, has policies and practices which are in favor of the partners. They believe in sharing equal benefits to the partners so that they are charged and happy to be in association with them and that is why they also come up with regular incentives and offers.
Some of the permanent offers are Flexible Revenue Sharing policy and their 10K Initial Deposit offer wherein you can also join them by paying a standard 10K as an initial amount.
However, they don’t encourage Zero Deposit amount as one needs to feel the ownership as well. They also don’t have a Flat Revenue sharing offer or a Zero Revenue Sharing with prepaid option.
Here is the list of other Sub Broker Franchise with Great Offers:
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|Motilal Oswal Franchise||ICICI Direct Franchise||Prabhudas Lilladher Franchise||Swastika Investment Franchise|
Narnolia Franchise or Narnolia Authorized Person – Eligibility Criteria
When you join any Broking house as a Business Partner, they have certain eligibility criteria defined which you need to first qualify to be able to apply.
Similarly, Narnolia also has some eligibility criteria that need to be checked and followed:
- Minimum age of the applicant should be more than 18 years
- A Minimum qualification of the applicant should be at least Graduate or 10+2 pass in any stream
- Minimum experience of 2 years should be there, preferably from the financial services industry
- Knowledge about the stock market and equity trading etc would be an added advantage
- The applicant should have the SEBI Registration certificate
How to become a Narnolia Sub Broker or Authorized Person?
You can become a Sub Broker with Narnolia by following some very simple steps:
- Visit their official website
- Click on “Partner with Us” tab to join as a Sub Broker
- The page will ask you to fill some details. Kindly fill them accurately; you will be asked details like Name, Address, Pin Code, Mobile No, Email ID, Office Address, Income, Source of Income, Reason for joining as a Sub Broker etc.
- Once you fill all the above details in the form given and submit the page, your request will be processed after that
- Soon someone from the Narnolia Sales team will contact you either via phone or in person. They would verify your credentials and validate the reason why you would want to become a Sub Broker
- Post this validation call, your license would be generated within 3-4 weeks and you can start off your work with them.
Documents required to become Narnolia Authorized Person
- KYC documents like Adhaar Card, PAN Card copy, any Residence proof
- Proof of Income & Income documents
- SEBI registration certificate
- Cancelled Cheque for Bank Account details
Check the list of Stock Market Franchise with quick Sub Broker tag generation process:
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Why Partner with Narnolia?
There are enough and many reasons why one would look at Narnolia as their preferred business partner to start off their business with; let’s have a look at some of them:
- Their open-mindedness and transparent nature towards their Business partners is the biggest reason why one would like to work with them.
- The company has the least Security deposit amount to start off with
- They also offer the highest Revenue sharing percentile as compared to other market players
- Their Trading terminals are state-of-the-art and extremely advanced
- They have a great in-house Research and advisory team that works round the clock to provide best research tips to customers
Narnolia Franchise Conclusion
Narnolia Franchise is a brilliant company to work with and partnering with them will surely give a lot of perks. Their adaptive and transparent nature is the key to their success and growth.
This company believes in collaborative work hence ensures that their partners also grow simultaneously with them. Hence the collaboration with them will definitely be a fruitful proposition.
Find below Sub Broker Franchise with varied Support to its Broking Franchisee:
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Start your Broking Business with Narnolia
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