Sharekhan Franchise / Sub Broker / Authorized Person / Partner Review

Sharekhan Franchise is one of the largest provider of Stock Broking Franchise with around 3000 sub brokers in India. In this article we will perform a detailed Sharekhan Franchise Review where we will cover in-depth analysis on Sharekhan Sub Broker Offers, Sharekhan Franchise Commission Sharing, Cost & other important features of Sharekhan Authorized Person Program.Sharekhan Franchise Offers

Sharekhan Franchise Customer Ratings & Review

Sharekhan Franchise Ratings
Market Share8.5/10
Products & Services8.0/10
Revenue Sharing8.0/10
Holistic Support7.5/10
Overall Ratings7.8/10
Star Ratings★★★★★

About Sharekhan Franchise

Sharekhan FranchiseSharekhan, established 16 years back, is one of the most reputed stock broker and ranks in the list of top stock brokers. Over the years, it has earned high credibility and hence it has been one of the favorite choices when it comes to become a sub-broker/franchise.

A Sharekhan sub-broker caters its customers with all the products/services that Sharekhan stocks – some of these are equities, derivatives, commodities, currencies, mutual funds, IPO, investment, saving packages, portfolio management services etc.

Sharekhan highly recognizes and appreciates the business development that a sub-broker offers and hence it has been promoting its sub-broker business. Further, it has also launched various varied models of business associations with different risk & return appetite to suit different strata of people. Sharekhan also supports its business partners with various training programmes and promotional offers to help them in developing business.

Currently, Sharekhan has as many as 2700+ sub brokers in more than 580 cities. To learn in detail about the sub-broker models offered by Sharekhan and the other relevant aspects like eligibility criteria, revenue sharing, investment requirement and offers, please read the article below.

Latest news in the market is All Sub Broker will now be converted into Authorized Person as per SEBI guidelines. The Sharekhan Authorized Persons roles & responsibilities will be same as Sub Broker but the registration process will change. They will now be registered with Exchanges instead of SEBI. All new registration will take place in the name of Authorized Person while everything will remain similar to sub broker model.

Become an Authorized Pers0n of  Sharekhan

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  1. Become Sub Broker

Types of Sharekhan Partnership Association

There are 2 types of Sharekhan Franchise association:

  • Sub Brokers / Power Brokers
  • Independent Financial Advisors or IAF

Sharekhan Power Brokers or Sharekhan Sub Brokers or Sharekhan Authorized Person

Under this model, one needs to have decent set up. The power broker or sub broker or Authorized Person can acquire and serve client who trade online by themselves. For this model, Sharekhan offers various customized and flexible service options for clients. It also tags a dedicated relationship manager for Equity sales, Risk Monitoring and Operations related issues.

The technology, service and marketing support is entirely taken care by Sharekhan. It also ensures that these set ups are well educated and well trained with various procedures, various portals and various offerings of Sharekhan. The key updates in market and the forecasts are time to time shared with the brokers so as to have an outreach to the huge customer base.

The marketing support is the most crucial function for increasing the business and creating a win-win situation for the broker as well as the franchiser. It arranges client events/activities which help in increasing the visibility of the brand.

Benefits of Sharekhan Authorized Person or Power Broker:

  • Allows offering of customized solutions for the high net worth clients
  • Appointing dedicated relationship managers to better serve clients
  • Appointing dedicated relationship managers to monitor and improvise the sales, risks & operations
  • Offers a wide range of products & services along with tailored solutions
  • Bandwidth to serve a large client base

Sharekhan Independent Financial Advisor (IFA)

This model is specific to few of the product range i.e. mutual funds and allied products. As the name suggests, this model requires a candidate who can perform as an advisor guiding the clients to make investments.

Hence, the candidates who wish to limit their scope of business to mutual funds and related products – for them this is the best suited business model.

Benefits of Sharekhan IFA:

  • Product specific focus
  • Dedicated relationship managers to assist with advisory and operational matters
  • Allows modified solutions for high net worth individuals

Sharekhan Partner Revenue Sharing or Sharekhan Sub Broker Commission

Sharekhan has a dynamic revenue sharing model so as to remunerate its sub-broker based on their performance. Also, for each kind of business model, it has a different range of commission in accordance with the functions performed and the risks borne.

The remuneration models have been referred to as dynamic because the commission for each broker varies depending upon various factors like the revenue generated, the security deposit made, the investments made and various other relevant parameters.

Lets have a look at the overall revenue sharing ratios for each of the business models:

  • Sharekhan Authorized Person Commission : For Power broker or Authorized Person model, the revenue sharing ratio is the highest as the sub-broker performs the most critical functions and takes the highest risks. The revenue sharing ratio might even exceed upto 70%*.
  • Sharekhan IFA Commission : Under this model, the revenue sharing ratio is more or less between 30% – 40% for Sharekhan and 60%-70%* for Sub Broker. The ratio depends upon the products sold and the margins that such products hold. This model can be said to be one of its kind that is being offered by Sharekhan and hence the revenue ratio seems to be sufficient and justified.

Refer to this Table for clear picture:

Sharekhan CommissionSub Broker Commission
Sharekhan Authorized Person / PowerBroker30%70%*
Sharekhan IFA30% – 40%70% – 60%*

Find the list of Sub broker Franchise with decent revenue sharing models:

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Start your Broking Business with Sharekhan

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  1. Become Sub Broker

Sharekhan Franchise Cost or Security Deposit

Just like any other business, even the sub-broker business entails certain initial investment. In case of a sub broker model, the initial investment has two variants – one is the security deposit that a sub-broker is required to keep with the principal broker. This security deposit is refundable generally. The deposit is taken as a cover for any defaults that a sub-broker might make.

Sharekhan Franchise Infrastructure Set-up Cost

The other kind of investment is the infrastructure investment. Powerbrokers & IFA has to invest in infrastructure to start a franchisee.

On the other hand, a power broker and an IFA would be dealing with new as well as existing clients on a day to day basis and hence would need a decent set up to entertain their clients.

The amount of investment is another factor which is dynamic. The parameters affecting this amount include the city of sub-broker, the revenue projections, existing client base, if any and other such relevant things.

Initial Investment amount by Sharekhan

Typically, the security deposit is around Rs.50,000* for all the business models. The infrastructure investment is very specific and hence difficult to sum it up – however, it may range from 50,000 to 1 lacs.

When talking about infrastructure investment – we refer to an office space, the furniture and the required telephone lines, trading terminal, internet connections, workstations and other primary requirements.

Check this table below for better understanding of Sharekhan Franchise Cost:

Sharekhan Franchise Security Deposit Amount
Sharekhan Authorized Person / PowerBrokerINR 50,000 *
Sharekhan IFAINR 50,000 *

Find the list of Stock Market Franchise with low initial investment amount:

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Sharekhan Sub Broker Offers

To encourage and promote the business of sub-brokers, Sharekhan regularly launches a variety of offers. Some of the regular offers are:

  • Reduced brokerage rates
  • Reduced investments
  • Less margin money
  • Dynamic revenue sharing ratio
  • Free DEMAT accounts
  • Online & quicker procedures

The offers can easily be availed by all Sharekhan Authorized Person once they register with Sharekhan.

Sharekhan Franchise or Sharekhan Authorized Person – Eligibility Criteria

Before discussing the criteria that are exclusive to Sharekhan, it is important to take a note of the statutory & regulatory requirements.

  • For any person to become a sub-broker, it is essential to obtain a sub-broker registration from stock exchange i.e. BSE and/or NSE. No candidate can qualify to become a sub-broker, if he/she does not hold such registration.
  • The other basic criteria is the minimum age prescribed – one should be atleast 18 years of age to qualify for associating with Sharekhan as a sub-broker.
  • The next criteria pertain to the academics and experience in the stock market sector. With respect to the academic qualifications, Sharekhan prescribes a minimum qualification of graduation. This may be in any field – science, commerce or arts.
  • The other requirement is of the knowledge and more importantly practical knowledge that one has of the stock market to assist and guide clients.
  • Any additional qualifications like stock market certification etc. can also be very helpful.

How to become a Sharekhan Sub broker or Authorized Person?

  • The interested candidates may fill in the given form herein with the required basic details and we shall help you in connecting with Sharekhan’s business expansion team.
  • Upon providing these details, the same would be exchanged with Sharekhan’s team, post which they would connect with the interested candidate and understand their interest and expectations.
  • Next, the Sharekhan’s recruitment team would perform a background check to ensure that the details provided are genuine.
  • Upon completion of background check by Sharekhan’s team, they would connect with the candidate to have detailed discussions about the business plans, the expectations of the candidate, the expectation of Sharekhan, the business projections, the revenue sharing ratio, the investments etc.
  • During this discussion, the candidate is required to submit all the relevant documents like the registration from SEBI, NSE, BSE; academic certificates, ID card etc.
  • Based on such discussions, an agreement would be executed between Sharekhan and the candidate.
  • Upon execution of the agreement, the sub-broker can commence their business as Sharekhan business associates.

Documents required to become Sharekhan Authorized Person

One needs to submit a minimum of the following documents:

  • Identity proof copy
  • Address proof copy
  • Registration certificate copy
  • Experience certificates copy
  • Academic qualification certificates copy
  • Security deposit cheque
  • Proof of investments

The entire Sub Broker tag generation process takes 4-5 working days.

Know about other stock broking franchise:

Alankit Assignments FranchiseZerodha FranchiseAngel Broking Franchise
Aditya Birla Money FranchiseICICI Direct FranchiseKotak Securities Franchise
5Paisa FranchiseHDFC Securities FranchiseEdelweiss Franchise

Why Partner with Sharekhan?

Here are the various reason to partner with Sharekhan:

Exclusive Offers

Sharekhan’s sub broker offers are better than any other franchiser in the industry. Sharekhan’s major offer of upto 70% revenue share*.

Marketing & Training Support

Sharekhan provides all sorts of marketing support to their sub brokers. They also organize monthly events & training sessions for their business partners. Sharekhan Franchise owners get national level advertising support & presence in mass media.

Advisory & Stock Recommendations

Sharekhan provides free advisory support, stock tips & recommendations to their sub broker who further passes it on to their clients. Sharekhan is highly active in case of advisory backup as they believe that clients can be highly engaged with sharing tips & recommendations on regular basis hich further adds value to the business.

Technical Support

State of the art technology to make your trading experience impressive. Enabling hassle free 1.5 million trades per day.


Sharekhan is one of the oldest broking house and holds a great repute in market. It certainly has build up a big brand and obtained high recognition in market.

Affordable Brokerage Rates

Sharekhan provides brokerage plans for client segment. A trader gets prepaid & post paid plans with affordable brokerage rates & investors gets decent brokerage rates as their volume is comparatively low.

Trade Tiger & Sharekhan App – Top notch Trading Platforms

Sharekhan has one of the most famous trading platforms in the country known as Trade Tiger. Other than Trade Tiger, they also provide Sharekhan App & Web Trading Platform. These trading platforms has all types of features available which enhances a traders & investors experience.

Advanced Tools for Business

– Customer Interface System (CIS): for placing request on new account opening form or KYC and you complete customer details.
– Risk Tiger: Helps tracking the risk or monitor margin shortfall on real time. View square off report and can also check confirmation after square off.
– Eternity: This is tool is to view all kind of statements related to ledger and brokerage.

Multiple Business Solutions

Last, but not the least, they offer a variety of business solutions for the sub-broker associations.

Sharekhan Sub Broker Testimonials:

I got associated with Sharekhan a few years back and it has been a great business deal for me. Not only they provide the most economical and reasonable brokerage rates, but also are fair with the revenue sharing. I also had a great experience with their marketing team as they assisted me a lot in initial phase.  By – Vinay Rasik, Pune

Becoming a remisier with Sharekhan has been one of my best decisions. It has actually been an extra source of income for me. I get to earn just by referring my known people to sharekhan and adding them to the client list. By – Srimukhi V. K., Ghaziabad

I’ve been into stock market since a very long time but was never associated with Sharekhan till a few months back. This has certainly been a superb business venture for me as they have assisted me during all the phases in all aspects. They not only have great products to offer to clients but also provide economical packages which helped me in increasing my client base. They have been also providing some good offers to me based on my revenue generation. By – Gopal Hari Venkat, Vishakhapatnam

Sharekhan Franchise or Sharekhan Business Partner – Conclusion

To sum up the discussions above, we can say that Sharekhan offers a variety of business model to suit the different requirements of people. It provides a very decent revenue sharing ratio which is dynamic and hence may increase as the revenues increase.

The investment procedures prescribed Sharekhan are quite easy to live upto and not very demanding. The support that Sharekhan provides in relation to the business, marketing, operations, advisory, research etc. is quite praise worthy too.

It would not be wrong to say that they have quite plain and simple eligibility criteria and the way/path to become their sub-broker is also quite easy – just fill up the form herein and then leave the rest on us.

 Sharekhan Authorized Person Program FAQs

Ques 1 – Meaning of sub-broker?

Ans: A sub-broker is kind of a retail chain of the principal broker.

Ques 2 – Minimum eligibility to become Sub-broker?

Ans – To become a sub broker, one needs to obtain registration from SEBI and get affiliated to the stock exchange. These are the regulatory and statutory requirements of becoming a sub-broker.

    • Graduated
    • 18+ age
    • Knowledge/experience in stock market sector

Ques 3 – What are the functions of a sub-broker?

Ans – The functions would vary depending upon the model chosen.

For a powerbroker, the functions would include identifying opportunities, making clients and then trading & regulating for them.

In case of remisier, the fucntions would be limited to referring a potential client to Sharekhan.

For an IFA, the functions would be similar to that of a powerbroker – only difference would be the product being dealt.

Ques 4 – Assistance by Sharekhan to function as a sub-broker?

Ans – Here are the list of Support provided by Sharekhan Partner Program:

  • Training – operational, technical, marketing
  • Branding
  • Research & advisory
  • Tailoring solutions
  • Customer care support

Find more sub broker franchise review: click on the links below

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Start your Broking Business with Sharekhan

Fill Your Details Here
  1. Become Sub Broker

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*T&C Applied. To know more, please fill up the form and get the call from Sharekhan, immediately.


14 thoughts on “Sharekhan Franchise / Sub Broker / Authorized Person / Partner Review

  • October 26, 2017 at 15:37

    Kindly send your T&C for Sub broker franchise

  • October 31, 2017 at 14:00

    I am kavita pande .i am intrested to open account and also start franchiese in my town .i want to join with you bz this is a great opportunity to do work with you

  • March 10, 2018 at 15:42

    Please let me know how to open sharekhan franchise

  • March 10, 2018 at 15:50

    I am a fresher & want to start my own business. Is sub broker business is good for a fresher?

    • March 10, 2018 at 16:20

      It is a perfect business opportunity for any fresher. only thing u should have a very proactive approach & should have a very good knowledge about stock broking.

  • March 10, 2018 at 15:51


    I connected with sharekhan last month, that time refused to start , now I want to start again..let me know how to connect with them again.

  • March 10, 2018 at 15:53

    Sharekhan sub brokership is really grt. Thanks top10 for connecting me with sharekhan.

  • September 14, 2018 at 13:29

    Any target for sub-broker?

    • September 14, 2018 at 20:56

      Dear Raman,

      Sharekhan doesn’t have Target for Sub Brokers. You can easily take sub brokership of Sharekhan without any hesitance.

      • August 24, 2020 at 08:33

        What kind of brokerage shareing compare angle broking


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