Groww Franchise / Sub Broker / Authorized Person / Partner ReviewLast Updated Date: Nov 28, 2022
If you are seeking the Groww Partner Program, this article will help you. All details about the Groww Franchise are mentioned in this article.
Let us take a step towards this plan and gather all the necessary items you need to make the decision. This article will help you conclude whether you must invest with Groww and what business options you have with Groww.
Table of Contents
- Rating & Review
- Business Models
- Eligibility Criteria
- Documents Required
- Pros & Cons
- Earning Potential
- Become a Groww Partner Now!
Groww Franchise Ratings & Review by Top10StockBroker
|Groww Franchise Ratings|
|Experience||5.9 / 10|
|Market Share||7.1 / 10|
|Products & Services||8.5 / 10|
|Revenue Sharing||8.3 / 10|
|Holistic Support||8.6 / 10|
|Overall Ratings||7.8 / 10|
About Groww Franchise or Groww Partner
Groww belongs to the category of discount brokers, the trending and new age brokers. The discount brokers have changed the pricing policies and how the traditional broking industry was run.
Groww Franchise is your option for running your own business using the franchise program of Groww.
This company was established in 2016 and is one of the latest additions to the list.
This company provides many options for the clients and the sub-brokers alike.
Mutual funds, SIP, Demat account, Trading account, and other similar products and services are provided by Groww, covering all investors’ financial needs.
Groww is a private establishment with its headquarters in Bangalore, Karnataka. Specifying the norms of return and commencement, the Sub Broker Code Activation Time is 7 Days. On the other hand, the Payout Time is 35 days.
A rational decision-maker does not just rely on others’ words, but thoroughly digs out the real facts and arrives at their decision, and we are here for your assistance to know Top Sub Brokers in India.
Start your Broking Business with Groww
Groww Partner or Groww Remisier
There are three types of franchise partnerships provided by stock brokers, i.e., master franchise, sub-broker, and Remisier. The stock broker may provide one, two, or all options per its structure and need.
Pointing out the exact need of Groww, it provides the Grow Remisier Business Model. This model is more like an agent-oriented model, where an agent is referred to as a remisier.
This model works simply; hence, the provided perks and revenue are fewer. Also, the workload is not as much as the sub-broker or that of the master franchisee.
The exact process of work here is that the Remisier is imposed with the responsibility of bringing in leads to the company.
The investment amount is generally nil, or even if levied, it is rather low. There are a lot of perks offered by the company for the remisier model, which are mentioned further in the article.
Benefits of Groww Partner or Groww Remisier
Note down the major benefits you will encounter if you choose the Remisier model of Groww:
- There is no need for a security deposit required by the company.
- You will get a flexible revenue sharing percentage you can choose from. You can further negotiate and fix the percentage you would like to enjoy.
- The process required to become a remisier is pretty easy and seamless.
- The expenses are cut short here up to a great extent, and so are the responsibilities.
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Groww Franchise Revenue Sharing Model or Commission Model
This section provides pretty vital information about the model. It is important because it is often the returns guaranteed by the company which attract business investors.
It is the decision-making criteria as well for a lot of investors. The fixed Groww Franchise Revenue Sharing Model for Remisier offers a great percentage of 30% to 60% to the investors.
This is more than the average percentage as witnessed in the market. Since the percentage ranges, this means it is rather flexible and, of course, negotiable.
|Remisier||30 – 60%|
Start your Broking Business with Groww
Groww Franchise Cost or Security Deposit Amount
The next element of discussion is the Groww Franchise Cost. This is the security deposit a franchise must put in the business to acquire the rights to deal in the products and services of the franchiser.
The same is the case for the Remisier Franchise model, as the franchisee will become a legal agent of the company. The amount required for the deposit is, however, nil.
This is positive and is a perk for the people who want remisier business. A good return, i.e., revenue can be earned without depositing a lot of money.
Infrastructure Investment by Groww Sub Brokers or Partner
Sorting out the Groww Infrastructure Requirement needs, we have constructed the table above, which shows all the necessary information.
According to the only remisier model of the franchise being provided to the people, the infrastructure need is also limited. The workload on the franchisee is not much; hence, no office is required to carry on the business.
Many requirements are not associated with this business model, and the only necessary aspect is a working internet. Make sure you have a high-speed internet connection for your work needs.
Groww Franchise Offers
Groww Remisier Offers are attractive and play a keen role in attracting and benefitting franchisees.
A lot of offers are provided by the company, and the more, the merrier. According to the only franchise model provided to the investors or traders – Remisier, there are two related offers.
The first offer you can enjoy is Zero deposit. This has already been mentioned in the security deposit section.
Other than that, the flexible revenue sharing criteria is also provided, where the company provides a range, and you can negotiate the percentage you would like to avail for.
Groww Eligibility Criteria
Eligibility criteria must be strictly followed if you want to acquire a franchise of a prominent broking firm – like Groww.
When you plan to sign a business deal with any broking platform, you must be prepared to pass the infrastructure requirement first. It is the first eligibility barrier that every applicant is expected to jump over and acquire a franchise.
But surprisingly, no such requirements need to be passed in the business model by Groww. Anybody above 18 with a decent knowledge of financial niches can partner with Groww.
Groww Partner or Sub Broker Support
Substantial Groww Franchise Support lets you thrive and create a successful business.
Hence, it makes it necessary for the enthusiasts of the franchise model to look into the Support rendered by the company, as this will make the other operational process quite feasible.
A total of 3 different kinds of Support to the franchisee by Groww. They are Back-Office Support, where finances can be analyzed, Acquisition Training, and Product Training.
How to become Groww Sub Broker or Partner?
The procedure which goes into the formation of Groww Remisier is rather easy and simple.
We have listed the steps in the following pointers for better convenience.
- Click on the option of “Become Sub Broker” at the bottom of the screen.
- Enter the details as asked in the pop-up form.
- The company executives who receive the details will contact you and then ask for your interest in the model.
- Furthermore, the franchisee will be given an appointment to discuss the business further and take the next step.
- In the meeting, the end-to-end details are discussed and agreed upon, i.e., revenue sharing, offers, perks, and other essentials.
- A contract will be signed upon mutual agreement, and one can become the company’s official agent.
- When the contract is drafted, the agent will get their id soon enough.
Documents required to become Groww Sub Broker or Partner
Here are the documents the company will ask you, which will prove your identity and excellence.
- Aadhaar Card
- Address proof
- Academics certificates
- Age proof
- Passport size photo
Why Partner with Groww?
There are many reasons why you must invest with the firm you already know by now.
However, if you want a re-check, here are the worthy enough perks you must consider before making an investment decision.
- The online platforms provided by the company are very effective and show the company has a good future, with great use of technology.
- The security deposit required by the company is absolutely nil, which lets you create business opportunities without the need to put in money.
- The revenue sharing, however, is high enough and goes above par according to the market standards.
- Support is also provided by the company, where you get to learn many things to start and take your business on the path to success.
- Offers are also highly provided by the company, and you will be entitled to all of them being the remisier.
- This company has already created a reputable brand, and the customer base is rising every day.
Groww Franchise – Pros & Cons
Let’s discuss the pros and cons of acquiring the Groww Franchise.
Pros of Groww Franchise
- An easy-to-understand business model
- Reasonable commission rate
- A discounted broker with a well-built reputation.
Cons of Groww Franchise
- A fresher brand
- Limited offline presence
Groww Franchise Business Opportunity
The sub-broker franchise program is the major line of business you will be engaged in when joining by partnering with the Groww trading platform.
Normally you have required a shop or a unit to get your name enrolled in such program types. But in Groww’s case, you aren’t required to pass such criteria.
You can attract 30% to 50% commission per client through a simple form fill-up, and that’s it.
Training provided by Groww Sub Brokership
Even though the broker runs one of the easiest franchise business programs, it still cares by providing training and Support to its sub-broker.
This ensures that a disciplined environment can be created and a positive attitude towards the business segment is developed.
Describe the kinds of training offered by the broking firm; these include client interaction training, back-office Support, trading support, marketing support, website support, and a training manual that is also offered to ensure sub-brokers can carry out business activities with confidence.
Groww Authorised Person – Products Offered
Let’s take a look at the products offered by Groww to its authorized person.
If you become an Authorized Person for the Groww trading platform by joining its sub-broker partnership program, you will be allowed to service clients in these particular product niches.
The products offered by Groww are as follows:
- Equity (for both intraday and delivery orders)
- Futures and Options
- Mutual Funds
- Basket Trading etc
The broker doesn’t serve currency and commodity trading segments. But it does offer a well-built mobile and web trading experience to clients.
If you plan to join the Groww franchise program, attracting new clients won’t be too difficult for you beyond a surprise.
Groww Franchise Registration
Let’s jump straight to the registration process and how exactly one can obtain a Groww franchise and make money for a lifetime.
- First, you need to fill out a franchise form provided by Groww that only asks you to submit contact details.
- Based on the provided info, Groww Representative will contact you.
- After that, an interview between partners and representatives is held.
- Documents are shared, and further requirements are met.
- As soon as the franchise is granted, you will be ready to bring in clients, and thereby, you will start generating revenue from Groww.
Earning Potential of a Groww Partner / ROI
Well, earning potential is relatively less on the Groww trading platform compared to other brokers. Simply state that you are offered 30% to 50% commission per referral.
You sent the client and retained this commission for your wallet. Nevertheless, the commission rate is fairly reasonable.
It is mainly because, unlike other brokers, it doesn’t require you to bring extensive investment capital to acquire the franchise. You aren’t even required to arrange a setup additionally.
Groww Franchise Referral Program
Groww Franchise program is similar to a referral program. You don’t need a shop or a storage unit to run Groww Franchise. All it takes is a website or a client’s network across your social media platforms.
If you can send a decent amount of traffic and customers to the Groww platform, you can readily make a 30% to 50% commission.
Brokerage Charges levied to the clients of Groww Partners
It’s no surprise that Brokerage charges are one of the most-stress-ridden factors in the mainstream, which may impact one’s decision to access Groww services. But luckily, our trading platform is already a discounted broker.
For equity trading segments, the broker charges 0.05% of the trade or Rs 20 per order. A similar charge rate can be seen in options and futures trades. However, the broker doesn’t charge AMC or account opening fees.
Hence most traders are likely to join Groww for trading.
List of Top Groww Partners / Business Partners
Groww trading platform has been owned by four partners, Lalit Keshre, Neeraj Singh, Ishan Bansal, and Harsh Jain.
After quitting their job in Flipkart, each of them built this huge broking empire in 2017 that’s today becoming a source of earning for partners in the mainstream.
The broking firm today builds a giant network of praiseworthy clients.
Groww Authorized Person Testimonials
Customer reviews are sometimes a decision-maker for an applicant aspiring to acquire a franchise.
If also you want to make money through Groww as a franchisee but are a bit worried over your decision on proceeding, take a look. These are the reviews from people actively working for Groww as a franchise partner.
Groww Franchise or Sub Broker – Conclusion
Ending up the article, we are sure you have a lot of knowledge about how the franchise business works by now. The exact figures and information associated with the Groww Franchise are also provided.
There is only facilitation of the Remisier model, and we have discussed everything about it already.
Groww Franchise or Sub Broker Program FAQs.
Here is the list of FAQs related to the Groww Franchise:
What are the Functions of Remisier?
Remisier is imposed with the responsibility of fetching potential leads to the company. Every lead which transforms into a client will be paid for, and the revenue sharing range is already mentioned in the article.
Which are the Types of Franchise models?
There are three types of models provided by stock brokers. However, only the Remisier model is provided by Groww as of now.
What are the Eligibility Criteria to become Remisier?
Graduation is the required qualification for availing of the remisier program. A substantial experience of a couple of years in the stock market world, with a strong knowledge of the company’s products and services, is a must.
You must be aware of the finance world’s happenings.
What Assistance is provided by Groww?
You can be assured of back-office Support, acquisition support, and final product training. All these factors will help you carry out a well-formed business.
Does Groww have a Sub Broker Model?
Groww does not provide the sub-broker model for aspiring entrepreneurs. The exception is as a return to how Groww operates.
They are online discount brokers and do not have sub-unit operations as their franchise unit. It does not have any physical existence and operates entirely online.
Does Groww have multiple Franchise models?
No, Groww does not offer multiple franchise models. Only a sign model is provided by the firm, i.e., the Partner Program.
The interested candidates can check the franchise model’s terms and conditions and avail of the provided partner program.
What is the Groww Sub Broker Commission?
Since Groww provides only the remisier model, we have insights into the remisier model’s commission for you.
As a remisier of this stock broker, one will be entitled to a 30% to 60% share. The commission entitlement is not fixed but varies, making it negotiable.
How much is Groww Franchise Cost?
Generally, there is a fee for any franchise model one opts for. However, since Groww provides only the partner program, no amount of cost investment is required to opt for the model.
You are not required to make a security deposit and can freely opt for the model -if you fulfill the eligibility criteria.
Does Groww have a Partner Program?
Yes, Groww does not provide the sub-broker or the master franchise model. There is only one model Groww provides, which is the partner program.
The facilitation is a result of the stockbroker belonging to the arena of discount brokers.
What is Groww Partners Sharing?
Groww is one of the most well-known partner programs and is known for providing the greatest partner sharing or revenue sharing percentage.
The business partners are entitled to revenue between 30% to 60%. This is indeed one of the highest revenue-sharing percentages.
Is the Groww Partner Program Free?
Yes, if you plan to get associated with the partner program, you can do so absolutely free of cost.
Generally, many engagements are required in a sub-broker model, which requires funds, but since the partner programs require nil, you can invest in it free of cost.
Does Groww provide Training Assistance?
As a Groww business partner, you will not have a lot of responsibilities, as your job will be to only fetch in new customers.
According to the nature of the model, you are only provided the related training. The stockbroker provides customer acquisition and product training.
How to Become a Groww Sub Broker?
You can commence with the process right from this page. You have to click on the button “Become Sub Broker.” Fill up the pop-up form, and the company will contact you to discuss further details.
The franchisor will contact you and discuss all the aspects of the contract, i.e., the security deposit, revenue sharing, support, and more.
Does Groww Franchise provide Support?
Yes, the stockbroker Groww provides you the related Support when you opt for the business partner franchise model.
The company ensures to extend Support in the domain of Product training, acquisition training, and back-office Support.
Is Groww a sub-broker?
Groww itself is a registered broking firm and isn’t a sub-broker. However, the company does offer a sub-broker program that you can join to acquire Groww Franchise and make money for a lifetime.
Is Groww a trusted broker?
Groww is a well-regulated discounted broker and is well-known for its full-service facilities in trading and investment segments.
The company captures popularity in the mainstream through its trading app, which is easy to use and serves an awesome user experience.
How do Groww sub-brokers make money?
Groww sub-brokers make money by simply generating legit clients for the broker. Each time a client generates revenue, a commission between 30% to 50% of the following remains safe for the partner.
Similarly, partners can withdraw the collected revenue afterward.
What is the benefit of Groww sub-broker?
Groww sub-brokers need not make a huge investment to start a franchise. They are not even required to arrange a workplace or take property on rent. All it takes is a decent client base willing to convert into Groww users, and that’s it.
How do I become a successful Groww sub-broker?
It isn’t too difficult at all. You can become a successful sub-broker to the Groww trading platform if you are good at marketing and serving customers with the best experience required in the financial market.
Is the Groww app registered with SEBI?
Yes. Groww app is SEBI registered application and has newly entered the market to give tough competition to the discounted brokers.
Can I earn from the Groww app?
Yes. You can earn from the Groww app in two ways. First, by trading and investing in multiple assets that Groww provides. The second is by partnering with the broking firm.
Is Groww sub-broker a profit-making company?
Within a few years, the Groww app built a massive customer base empire and has emerged into a top broking firm in the financial sectors of this age.
The application has millions of downloads with maximum positive reviews. Thus it won’t be wrong to call it the best profit-making company.
Which is better- Groww or Upstox?
Groww and Upstox both share different attributes. Still, both are experiencing tough competition. Groww is suitable for small traders, whereas Upstox is the best option for an average investor or trader.
Thus both trading platforms are good on their side.
Can we buy US stocks in Groww?
No. Unfortunately, you can’t buy US-based stocks until or unless the company is registered on the Indian Stock Exchange.