Find the list of Best Sub Broker Franchise in Midnapore 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 Midnapore 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 Midnapore that can be considered and other details pertaining to the same.
The list has top 10 sub brokers in Midnapore that can help the potential franchisee to make a choice as on which suits him/her the best.
List of Top 10 Sub Brokers Franchise in Midnapore
We have listed the best sub broker franchise in Midnapore 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 Midnapore
| 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 Midnapore |
The first rank of the Top Broking Franchise in Midnapore 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 Midnapore
| 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 Midnapore |
The second on the list of the Top Sub Broker in Midnapore 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 Midnapore
| 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 Midnapore |
Next on the list of the Best Stock Broker Franchise in Midnapore 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 Midnapore
| 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 |
Zerodha is another Sub Broker Franchise in Midnapore. 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 Midnapore
| 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 |
The next Top 10 Business Partner in Midnapore 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 Midnapore
| 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 Midnapore |
The 6th in line for the Best Share Broker Franchise in Midnapore 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 Midnapore
| 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 |
The 7th ranked Best Broking Partner in Midnapore 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 Midnapore
| 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 Midnapore |
India Infoline is the 8th among the Top Master Franchise in Midnapore. 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 Midnapore.
Rank 9 – Karvy – Franchise Business Partner in Midnapore
| 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 |
| Branches in City | Karvy Branch Office in Midnapore |
Karvy is a SEBI registered firm that ranks 9th in Franchise Business Partner in Midnapore.
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 Midnapore
| 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 Midnapore |
Another well-known Share Market Franchise in Midnapore 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 Midnapore – Conclusion
This article lays light on all the most important top 10 Sub Broker Franchise in Midnapore 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 Midnapore as per investment cost needs and payout period.
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