Check out the list of Best Sub Broker Franchise in Paschim Medinipur here. A great opportunity for business comes as a stock broker as an increasing demand is seen from layman on investing in the market.
For anyone who wishes to start a business as a franchisee for a broking house in Paschim Medinipur, here we have listed the Top Sub Brokers in Paschim Medinipur.
With the variety of choice available, we have studied and picked the Top 10 Sub Brokers in Paschim Medinipur and have listed various criteria’s that are to be met in order to start the franchise. Read through the list of all the broking houses and choose as to the best suited one for you.
List of Top 10 Sub Brokers Franchise in Paschim Medinipur
This section enlists the Best Sub Broker Franchise in Paschim Medinipur as per ranks from 1st to 10th.
The first being the one highly demanded and others following its demand list in a decreasing order. In Paschim Medinipur, the most demanded of all sub broking franchise is Zerodha, the second is Angel broking, the third sharekhan and 7 more following the list.
We hope this helps you facilitate your study on the best choice for sub broker in Paschim Medinipur.
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Rank 1 – Zerodha – Number 1 Broking Franchise in Paschim Medinipur
| 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 the Top Broking Franchise in Paschim Medinipur and works on a partnership basis with ones who wish to start franchisee with the broking house.
It stands on top for the low initial investment cost of Rs. 11,000. It is also very well demanded for allowance of nil charges on equity trades.
The revenue sharing for Zerodha is 10% – 30% with the franchisee and the remaining to the franchiser.
Rank 2 – Angel Broking – Top Sub Broker in Paschim Medinipur
| 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 |
Angel broking stands 2nd on the Top Sub Broker in Paschim Medinipur.
Franchisees consider Angel broking as a good potential business chance for the great deal it provides sufficing payouts around the time period of 15 days. Angel broking also has attractive referral programmes to increase client numbers.
The approximate amount for starting the unit is about Rs. 50,000 to Rs. 1,50,000 and the revenue retained by the franchisee is about 50% to 70%.
Rank 3 – ShareKhan – Best Stock Broker Franchise in Paschim Medinipur
| 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 |
The 3rd on the list of the Best Stock Broker Franchise in Paschim Medinipur is ShareKhan.
It is a well-known reputed name serving a large sum of clients dealing with trading and investment. It has range of products to offer and guides new franchisee at every step while setting up the franchise.
For a business person to start the unit, he/she needs an initial capital of Rs. 75,000 to Rs. 1,00,000. It aims at getting cash flow in about 33 days post establishment.
Rank 4 – Geojit Finance – Sub Broker Franchise in Paschim Medinipur
| 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 4th ranked Sub Broker Franchise in Paschim Medinipur is Geojit Finance.
The firm has a putative name in the market and therefore is highly demanded. The revenue sharing is 50% to 70% and is pre-decided by both the parties.
Initial investment is Rs. 50,000 to Rs. 1,50,000 and the payout time is 20 days which serves for quick return on investment to the franchisee.
Rank 5 – NJ Wealth – Top 10 Business Partner in Paschim Medinipur
| 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 |
The 5th on the list of Top 10 Business Partner in Paschim Medinipur is NJ Wealth. The business mode is that of sub broking and stands as a great potential business in Paschim Medinipur.
The investment amount needed to start the business is Rs. 50,000 to Rs. 1,00,000 which is comparatively a low amount for a large unit like NJ Wealth.
The franchisee can expected the approximate payout days to be around 31 days.
Rank 6 – Motilal Oswal – Best Share Broker Franchise in Paschim Medinipur
| 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 |
Motilal Oswal is Best Share Broker Franchise in Paschim Medinipur. This broking house is renowned all over the country for exclusive portfolio-based services that it provides.
Many programmes are also undertaken by the company to gain more users. For the top brand that it is, its initial investment cost is also on the higher side about Rs. 3,00,000.
This sub broking franchise runs on a revenue sharing basis where the revenue is split between the franchiser and franchisee as on pre-decided grounds ranging about 50% to 70%.
Rank 7 – Religare Securities – Best Broking Partner in Paschim Medinipur
| Franchise Name | Religare Securities Franchise |
| Business Model | Sub Broker |
| Security Deposit | Rs.50,000 – Rs.200,000 |
| Revenue Sharing | 60%-70% |
| Receive Payout in | 31 Days |
| Branch Offices | Religare Securities Branch Offices |
The next Best Broking Partner in Paschim Medinipur is Religare Securities.
Being a part of this franchise is very easy and beneficial to the franchisee as the payout time is quick for Religare securities. It is expected that the franchise will have cash flows within 31 days of its establishment.
Initial investment is about Rs. 50,000 to Rs. 2,00,00 depending from norms laid down and compromises by both the parties.
Rank 8 – JM Financial – Top Master Franchise in Paschim Medinipur
| Franchise Name | JM Financial Franchise |
| Business Model | Sub Broker |
| Security Deposit | Rs.50,000 – Rs.300,000 |
| Revenue Sharing | 50% – 70% |
| Receive Payout in | 40 Days |
| Branch Offices | JM Financial Branch Offices |
Ranking 8th on the list of the Top Master Franchise in Paschim Medinipur is JM financial.
Knowing how much capital is need to invest and in how much time it is expected to be recovered in is always the first step by the franchisee.
JM financial is a reputed stock broking house. To start the franchise, initial capital of about Rs. 50,000 to Rs. 3,00,000 is needed and the expected return of income flow can be within 40 days.
Rank 9 – Mastertrust – Franchise Business Partner in Paschim Medinipur
| Franchise Name | Mastertrust Franchise |
| Business Model | Sub Broker |
| Security Deposit | Rs.50,000 – Rs.100,000 |
| Revenue Sharing | 60% – 80% |
| Receive Payout in | 45 Days |
| Branch Offices | Mastertrust Branch Offices |
The 9th listed Franchise Business Partner in Paschim Medinipur is Mastertrust Capital.
This broking house is a demanded one from the public for the range of services that it provides. It has many offers on trades in equities, commodities, mutual funds and more.
The initial investment of Rs. 50,000 – Rs. 1,00,000 needs to be put up to in order to start the unit. Since it works on a profit sharing model, 60% – 80% of the income belongs to the franchisee which counts for a large amount of profit.
Rank 10 – Choice Broking – Share Market Franchise in Paschim Medinipur
| Franchise Name | Choice Broking Franchise |
| Business Model | Sub Broker |
| Security Deposit | Rs.15,000 to Rs.25,000 |
| Revenue Sharing | 50% – 80% |
| Receive Payout in | 20 Days |
| Branch Offices | Choice Broking Branch Offices |
Lastly, the Share Market Franchise in Paschim Medinipur that stands 10th in the demand segment is Choice Broking.
The firm has been a market competitor since years and aims solely towards customer benefit.
The initial investment requirement is low that is Rs. 15,000 – Rs. 25,000 which gives a large potential business person to consider opening a franchise for choice broking in Paschim Medinipur.
Sub Broker Franchise in Paschim Medinipur – Conclusion
This article is the key to knowing about the 10 best Sub Broker Franchise in Paschim Medinipur along with details to start a franchise accordingly.
For anyone who wishes to start a sub broking franchise, this article is the answer to all the questions. We hope this lot has eased your dilemma on the best suit for the same.
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