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Best Sub Broker Franchise in Asansol – Compare Top 10 Sub Brokers in Asansol

Last Updated Date - Nov 18, 2022

Find the list of Best Sub Broker Franchise in Asansol here. There are a large investor in the country who trade in the stock market every day.

Their sole demand is to be a part of a good broking house where their portfolio can reap gains by the benefits provided by the broker. In Asansol as well, many investors wish to have an outlet of their broking house in the city.

Therefore, in this article we have listed the top sub broker franchise in Asansol that can be considered and other details pertaining to the same.

The list has top 10 sub brokers in Asansol that can help the potential franchisee to make a choice as on which suits him/her the best.

Best Sub Broker Franchise


List of Top 10 Sub Brokers Franchise in Asansol

We have listed the best sub broker franchise in Asansol on basis of ranks so that you can choose as to which suits your interest the best based on factors like business mode, investment cost, revenue sharing and more.

The list has Sharekhan as the topmost stock broker in the city followed by Angel broking, Motilal Oswal and more.


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    Rank 1 – Sharekhan – Number 1 Broking Franchise in Asansol

    Franchise Name Sharekhan Franchise
    Business Model Sub Broker
    Security Deposit Rs.70,000 – Rs.100,000
    Revenue Sharing 50% – 75%
    Receive Payout in 33 Days
    Branch Offices Sharekhan Branch Offices
    Branches in City Sharekhan Branch Office in Asansol
    “Become a Sub Broker / Partner with Sharekhan” Become Sub Broker

    The first rank of the Top Broking Franchise in Asansol is Sharekhan. It is well known for its exclusive services provided.

    It serves the speciality that the franchisee who starts this sub broking firm gets 50% – 70% of revenue retained to themselves.

    Moreover, its initial investment is also low that is about Rs. 70,000 to Rs. 1,00,000. It is well established in the market and has a large customer base.


    Rank 2 – Angel Broking – Top Sub Broker in Asansol

    Franchise Name Angel Broking Franchise
    Business Model Sub Broker
    Security Deposit Rs.50,000 – Rs.150,000
    Revenue Sharing 50% – 70%
    Receive Payout in 15 Days
    Branch Offices Angel Broking Branch Offices
    Branches in City Angel Broking Branch Office in Asansol
    “Become a Sub Broker / Partner with Angel Broking” Become Sub Broker

    The second on the list of the Top Sub Broker in Asansol is Angel broking. Its head office is in Mumbai and it has been in the market for several years.

    The initial investment required by the franchisee to start Angel broking is Rs. 50,000 to Rs. 1,50,000.

    The very attractive feature to be a part of Angel broking is that its payout period is 15 days which calls for the franchisee to make profit very soon post starting the business.


    Rank 3 – Motilal Oswal – Best Stock Broker Franchise in Asansol

    Franchise Name Motilal Oswal Franchise
    Business Model Sub Broker
    Security Deposit Rs.300,000
    Revenue Sharing 50% – 70%
    Receive Payout in 31 Days
    Branch Offices Motilal Oswal Branch Offices
    Branches in City Motilal Oswal Branch Office in Asansol
    “Become a Sub Broker / Partner with Motilal Oswal” Become Sub Broker

    Next on the list of the Best Stock Broker Franchise in Asansol is Motilal Oswal. Motilal Oswal is a finance firm that deals with many other services apart from broking.

    It specializes in portfolio management, stock advisory and more. For this reason the initial investment is on the higher side that is Rs. 3,00,000 for starting the franchise.

    However, due short span of payout time i.e. 31 days, it is highly demanded by potential franchisees.


    Rank 4 – Zerodha – Sub Broker Franchise in Asansol

    Franchise Name Zerodha Franchise
    Business Model Partner Program
    Security Deposit Rs.11,000
    Revenue Sharing 10% – 30%
    Receive Payout in 45 Days
    Branch Offices Zerodha Branch Offices
    “Become a Sub Broker / Partner with Zerodha” Become Sub Broker

    Zerodha is another Sub Broker Franchise in Asansol. Its investment amount is Rs. 11,000 which is comparatively very less than other broking franchise.

    However, due to low investment costs, its revenue sharing is also low which is about 10% to 30% retained by the franchise.

    Zerodha charges nil amount on trades placed in equities therefore is largely favoured by the crowd.


    Rank 5 – Geojit Finance – Top 10 Business Partner in Asansol

    Franchise Name Geojit Finance Franchise
    Business Model Sub Broker
    Security Deposit Rs.50,000 – Rs.150,000
    Revenue Sharing 50% – 70%
    Receive Payout in 20 Days
    Branch Offices Geojit Finance Branch Offices
    Branches in City Geojit Finance Branch Office in Asansol
    “Become a Sub Broker / Partner with Geojit Finance” Become Sub Broker

    The next Top 10 Business Partner in Asansol is Geojit Finance. It is a sub broking house that provides many services to all those who wish to start investing in the market.

    It works on a revenue sharing basis where 50% to 70% of the revenue belongs to the franchisee and the rest to the franchiser.

    These revenue sharing norms are pre-decided by both the parties on mutual terms. The investment amount required to start the business is Rs. 50,000 to Rs. 1,50,000.


    Rank 6 – NJ Wealth – Best Share Broker Franchise in Asansol

    Franchise Name NJ Wealth Franchise
    Business Model Sub Broker
    Security Deposit Rs.50,000 – Rs.100,000
    Revenue Sharing 50% – 70%
    Receive Payout in 31 Days
    Branch Offices NJ Wealth Branch Offices
    Branches in City NJ Wealth Branch Office in Asansol
    “Become a Sub Broker / Partner with NJ Wealth” Become Sub Broker

    The 6th in line for the Best Share Broker Franchise in Asansol is NJ Wealth. The business model is that of a sub broker. Its speciality is low investment cost and large gains on revenue sharing.

    The initial amount required for investment is Rs. 50,000 to Rs. 1,00,000 and the revenue sharing is on 50% to 70% basis.


    Rank 7 – Edelweiss – Best Broking Partner in Asansol

    Franchise Name Edelweiss Franchise
    Business Model Sub Broker
    Security Deposit Rs.100,000 – Rs.400,000
    Revenue Sharing 55% – 70%
    Receive Payout in 31 Days
    Branch Offices Edelweiss Branch Offices
    “Become a Sub Broker / Partner with Edelweiss” Become Sub Broker

    The 7th ranked Best Broking Partner in Asansol is Edelweiss. Edelweiss is a large broking firm surviving the market odds since years.

    It is based on a sub broking business model that has pre-decided revenue sharing among franchiser and franchisee.

    The initial investment amount for the franchisee is Rs.1,00,000 to Rs. 4,00,000 mainly because the company stands as a largely reputed one among its peers.


    Rank 8 – IIFL – Top Master Franchise in Asansol

    Franchise Name IIFL Franchise
    Business Model Sub Broker
    Security Deposit Rs.50,000 – Rs.200,000
    Revenue Sharing 50% – 75%
    Receive Payout in 40 Days
    Branch Offices IIFL Branch Offices
    Branches in City IIFL Branch Office in Asansol
    “Become a Sub Broker / Partner with IIFL” Become Sub Broker

    India Infoline is the 8th among the Top Master Franchise in Asansol. The investment amount needed to start the franchise is a one-time fee that calls for setting up the unit.

    It is approximately Rs. 50,000 to Rs. 2,00,000. It serves the benefit to the franchisee by having a short turnover period of about 40 days.

    Since the company is a large and reputed one in the market, it will serve beneficial to the investors in Asansol.


    Rank 9 – Karvy – Franchise Business Partner in Asansol

    Franchise Name Karvy Franchise
    Business Model Sub Broker
    Security Deposit Rs.50,000
    Revenue Sharing 60% – 70%
    Receive Payout in 33 Days
    Branch Offices Karvy Branch Offices
    “Become a Sub Broker / Partner with Karvy” Become Sub Broker

    Karvy is a SEBI registered firm that ranks 9th in Franchise Business Partner in Asansol.

    Here the initial amount needed to start the franchise is small and the revenue sharing criteria is large which benefits the franchisee completely.

    Now only with Rs. 50,000 you can set up a franchise for Karvy and benefit from 60% to 70% of its revenue having a minimal payout day of 33 days.


    Rank 10 – Reliance Securities – Share Market Franchise in Asansol

    Franchise Name Reliance Securities Franchise
    Business Model Sub Broker
    Security Deposit Rs.100,000 – Rs.300,000
    Revenue Sharing 55% – 75%
    Receive Payout in 31 Days
    Branch Offices Reliance Securities Branch Offices
    Branches in City Reliance Securities Branch Office in Asansol
    “Become a Sub Broker / Partner with Reliance Securities” Become Sub Broker

    Another well-known Share Market Franchise in Asansol is Reliance securities. It is a part of the reliance group that has its hands in various sectors in the country.

    Reliance securities has many services and provides offers to attract customers to be part of the broking house.

    To start a franchise with Reliance securities capital of Rs. 1,00,000 to Rs. 3,00,000 is necessary as initial investment cost.


    Sub Broker Franchise in Asansol – Conclusion

    This article lays light on all the most important top 10 Sub Broker Franchise in Asansol ranked in order of their demand.

    We hope you choose the one that fits your priority the best to start a sub broking franchise in Asansol as per investment cost needs and payout period.


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