Religare Securities Franchise / Partner / Sub Broker Review
Religare Securities Franchise is a one of the largest broking franchise in the country based out of Mumbai. Lets have an in-depth discussion on Religare Securities Franchise Review & deep understanding of Religare Securities Sub Broker offerings, Franchise Revenue Sharing Models & other features of Religare Securities Partner Program.
Religare Franchise Customer Ratings & Review
|Products & Services||6.5/10|
About Religare Securities Franchise
Religare Securities Ltd. (RSL) is a completely owned subsidiary of Religare Enterprises Limited. RSL is a stock broking company established in the year 1984, but started to distribute franchisee from 2004 onwards.
At present, there are more than 230 company owned outlets and almost 1500 franchise outlets widely spread over 451 cities across India. More than over 10 lakh customers are taking broking services in Equity, Currency, Commodity and depository participant services. Religare Commodities Limited (RCL) is completely owned subsidiary of RSL, that provides Commodity Trading.
RSL is a member of NSE, BSE, MCXSX and USE. RSL is an AMFI-registered mutual fund distributor in India.
Types of Religare Securities Franchise
- Remisier (20% share of brokerage generated)
- Sub Broker or Associate Partner
Start your Broking Business with Religare Securities Franchise
Religare Securities Sub Broker Revenue Sharing, Initial Investment & Fees
Lets have a detailed understanding on Religare Franchise Revenue Sharing Models & their Initial Investment Amount.
Religare Securities Partner Revenue Sharing & Fees
For Self-Setup Franchise, the revenue sharing ranges from 60-70 percent (for Partner) and 30-40 percent (Religare).
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Religare Securities Partner Initial Investment
The total investment could be from Rs. 2 Lakh to 5 Lakh for setting up the franchise office. The security deposit amount is Rs 50,000 (refundable). It is estimated that payback period of capital for a unit franchise is 1 year.
The partner gets the territorial right in that area. The office should be in the prime location and preferably on the ground floor and commercial type. Other charges, for trading NSE registration would cost around Rs 2360 per segment.
Depending on the franchisee type, for Equity and Currency derivative, charges are 2 Lakhs and for Commodity, the charges are between 1-2 Lakh.
In case of Remisier, the partners are charged Rs 1500 per segment, which is onetime fee and non-refundable.
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Religare Securities Sub Broker Offers
Religare Securities Ltd. offers TIN and PAN facility at select branches only. This unique service will provide an individual with PAN, TAN and TDS/TCS returns related requirements.
In addition, it is also a depository participant with NSDL and CDSL. It also offers trading into equity, currency, commodity and many more.
Religare Securities Sub Broker Support / Advisory / Training
They can provide marketing support, by approving up to 50% of marketing cost as monetary help. But, the approval has to be taken in advance. But, the organized event should generate a good client base and revenue. They will support through all the marketing collaterals like visiting cards, banners, flex, posters, leaflets, boards, etc.
The training will be given by the FRMs only in the Headquarter office. The partner and their employees will be trained free of cost. They will train about the trading platforms, VLC recording softwares, Client calls and recordings, data and report analysis through the software and many more.
In case of Advisory, they communicate it through emails and chat free of cost. There is also SMS facility which is chargeable at Rs 99 per month.
How to become sub broker with Religare Securities?
NISM certification is compulsory to become a Religare business partner. The documents required for the registration process are:
- Educational certificate and 21 years of age.
- Cancelled Cheque or Bank statement
- 2 photos
- Rent agreement of office space.
- Pan Card
- Aadhaar card and address proof
Fill up the registration form for franchise and submit all the above documents after verification. Get the help of a CA to avoid common errors. The partner can open the franchise outlet post registration which takes 15 days for completion.
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Why Partner with Religare Securities?
- Attractive brokerage schemes
- Impressive back-office support
- Fastest growing financial economy
- Great customer care support
- Good track record in stock industry
- Trading tips through email, SMS, etc.
Religare Broking Franchise FAQs
Ques – Does Religare Broking have Sub Broker Model?
Answer – Yes, this model is provided by the stock broking house to the investors who are looking for business opportunities in the stock market. If you wish to particularly get associated with this stock broking house, then we suggest you to take the sub broker model.
Ques – Is Religare Broking having multiple Franchise models?
Answer – There are, to be precise, two franchise models as provided by Religare broking and the interest candidates can apply for any one of the model, as per their personal interest. The provided models are Remisier and the sub broker model.
Ques – What is Religare Broking Sub Broker Commission?
Answer – The sub broker is entitled to a greater share in the commission based on the work that is done and the business brought in. As per the model fixed by the firm, the commission is of 60-70 percent, which goes out to the Partner and rest 30-40 percent is for Religare.
Ques – How much Religare Broking Franchise Cost?
Answer – Regarding the sub broker model, the franchise cost could be from Rs. 2 Lakh to 5 Lakh which is for the office set up. On the other end, the franchise security deposit is Rs 50,000. As for the remisier model, the cost is Rs 1500 per segment.
Ques – Does Religare Broking have Partner Program?
Answer – Yes, there is the provision of the partner program from the part of the stockbroker, which is referred to as the remisier model. This is offered to the investors as the other business option on the contrary to the sub broker business model.
Ques – What is Religare Broking Partners Sharing?
Answer – The share is fair enough, given, the job role and the responsibilities of the business partner or the remisier are limited. As per the fixated share, the Remisier is entitled to 20% share of brokerage generated from their end on frequent intervals.
Ques – Is Religare Broking Partner Program Free?
Answer – No, the partner program is not entirely free, though the amount is not a huge deal to get. The stock broking house has made the program at discount investment cost, where the investment required is only of Rs 1500 per segment.
Ques – Does Religare Broking provide Training Assistance?
Answer – Yes, the sub brokers are trained by the company in the headquarter office without any additional charges. All the partners and the employees are provided training from the company’s end regarding trading platforms, VLC recording softwares, Client calls and recordings, data and report analysis through the software and many more..
Ques – How to Become Religare Broking Sub Broker?
Answer – You can begin with the process by clicking on the “Become Sub Broker” option, which is provided at the bottom of this article. You must then fill in the form and submit it accordingly, in order to get a call from the stock broking house.
Ques – Does Religare Broking Franchise provides Support?
Answer –Yes, you can rely on the broker in terms of marketing support, monetary marketing support. THe support extended in precisely for the domain of marketing collaterals like visiting cards, banners, flex, posters, leaflets, boards, etc.
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