IndiaNivesh Partner Vs Elite Wealth Associates can be seen as one of the most sought out stockbroking partnership business comparisons in the industry.
At one end of the spectrum is conventional and well-established IndiaNivesh Partner is one of the franchise business in India with a good reputation.
That became a full-service stockbroker in the year 2006. Rajesh Nuwal founded it and by today, the broker has successfully created an active client base exceeding 15,000 and offers numerous segments to its customers for investment purposes.
The firm integrated with MCX – SX, MCX, NSE, BSE (BSE), and NCDEX for becoming a complete service stock dealer. For Demat services, it makes use of CSDL.
There are hundreds of IndiaNivesh Partners across India and it has successfully created a very good impression despite being a new player in the market.
This is also known as the franchise or the sub-broker model in which the concerned person needs to make an investment for the infrastructure, i.e set up or rent an office space where he will deal with the clients and perform other business operations.
On the other end, Elite Wealth associates are one of the franchise business in India with a good reputation.
Ravinder Prakash Seth established it in the year 1990 and it has its headquarters located in New Delhi. Being a new player in the stockbroking industry, it is not very huge in size, which is really okay for a new business.
This stockbroker supports the growth of small entrepreneurs because it considers such business ventures would create a win-win situation for the firm as well as the sub-broker.
The best thing about this stockbroker is that the clients can get service customization to suit their requirements. Its customer-centric approach enables it to flourish in the business.
This is suitable for someone who wants a regular passive sub-broker income besides practicing his own profession, which can be trading in the stock market or some other business also.
IndiaNivesh Partner Vs Elite Wealth Associates Basics
Let’s have a deeper look into their respective business partnership propositions where we explore information on their:
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- Company Background
- Business Models
- Revenue Sharing
- Initial Costing
- Office Set-Up Requirements
- Broker Support
- Broker Offers
- Account-Related Charges
- Brokerage
- Overall Ratings[/su_list]
By the end of this IndiaNivesh Partner Vs Elite Wealth Associates comparison, you should hopefully be able to take a decision on which stockbroker you must be partnering with!
| Broker/Comparison Entity |  |  |
| Overview | ||
| Company Type | Private | Private |
| Broker Type | Full Service Broker | Full Service Broker |
| Founded In | 2006 | 1990 |
| CEO | Rajesh Nuwal | Ravinder Prakash Seth |
| Headquarters | Chennai,TN | New Delhi, Delhi |
| Sub Broker Activation Duration | 30 Days | 35 Days |
| Payout Frequency | 35 Days | 20 Days |
| Network Strength | 450+ | 100+ |
| Active Clients | 18000+ | 10 Lakh+ |
| Clients Complaint Percentage (Industry Average: 0.06%) | 0.26 % | 0.04% |
| Business Models | ||
| Sub Broker/Authorized Person |  | |
| Franchise |  | |
| Master Franchise | | |
| Remisier | | |
| Referral Plan | | |
| Entrepreneurial Partner | | |
| Revenue Sharing | ||
| Sub Broker/Authorized Person | 50% to 80% | 50% to 80% |
| Franchise | NA | NA |
| Master Franchise | NA | NA |
| Remisier | NA | 20% to 30% |
| Referral Plan | 10 to 30 % | NA |
| Entrepreneurial Partner | NA | NA |
| Initial Costing | ||
| Sub Broker/Authorized Person | ₹ 50,000 | ₹1 lac onwards |
| Franchise | NA | NA |
| Master Franchise | NA | NA |
| Remisier | NA | ₹ 15,000 to ₹ 30,000 |
| Referral Plan | ₹ 10,000 | NA |
| Financial centre | NA | ₹ 500000 to 800000 |
| Office Set Up Requirements | ||
| Office Area | | |
| Employees | | |
| Internet Connection | | |
| Trading Terminals | | |
| Call and Trade Facility | | |
| Telephone Support | | |
| Research and Tips | | |
| Client Visit Facility | | |
| Broker Support | ||
| Marketing Collaterals & Campaigns | | |
| Trading Assistance | | |
| Research & Advisory | | |
| Back Office Support | | |
| Sales and Acquisition Training | | |
| Trading Platforms Training | | |
| Initiative Seminars/Webinars | | |
| Broker Offers | ||
| Zero Deposit Trading Account | | |
| Free Demat Account | | |
| Referral Bonus | | |
| Brokerage Cashback | | |
| Flexible Revenue Sharing | | |
| No Cost Sub brokership | | |
| Offsite Programs for Top Partners | | |
| Account Related Charges | ||
| Demat Account Opening | ₹ 500 | ₹ 230 |
| Demat Account Maintenance | ₹ 300 | ₹ 333 per Annum |
| Trading Account Opening | ₹ 0 | ₹0 |
| Trading Account Maintenance | ₹0 | ₹0 |
| Trading Platform Charges | ₹0 | ₹0 |
| Brokerage | ||
| Equity Delivery | 0.1% – 0.2% | 0.33% |
| Equity Intraday | 0.01% – 0.02% | 0.03% |
| Equity Futures | 0.01% – 0.02% | 0.03% |
| Equity Options | ₹.10 – ₹.20 per Lot | ₹ 33 per Lot |
| Currency Futures | 0.01% – 0.02% | 0.03% |
| Currency Options | ₹.10 – ₹.20 per Lot | ₹ 33 per Lot |
| Commodity | 0.01% – 0.02% | 0.03% |
| Overall Ratings | ||
| Broker Background |  |  |
| Business Models |  | |
| Revenue Sharing | | |
| Initial Costing | | |
| Office Set Up Requirements | | |
| Broker Support | | |
| Broker Offers | | |
| Account Costing | | |
| Overall Partnership Rating | | |
If in case you need help in getting started with your stockbroking business or you want to become a sub-broker with any of the prominent stockbrokers, let us assist you in taking the next steps forward:
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