SHCIL Franchise Vs Monarch Networth Direct Franchise 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 SHCIL Franchise, founded by Sanjay Pote, which is one of the top players in the stockbroking industry in India through its huge offline presence in the form of sub-brokers.
It is Stock Holding Corporation of India’s wholly-owned subsidiary that became a public limited company in the year 1986.
This full-service stockbroker with its corporate office in Mumbai has a strong presence in the market for over the past 30 years. Its offline presence is spread throughout the country.
If you want to partner with this firm, you should be well aware of its different aspects such as its business models, initial investments, revenue sharing, benefits, drawbacks, and offers.
You should understand the business models of a stockbroking firm before making an investment. So, in this article, we have covered different aspects of SHCIL franchise such as its initial investment, the revenue sharing, offers, benefits as well as drawbacks, so that you can take a right decision
On the other end, Monarch Networth Direct Franchise is one of the well-established stockbroking business models in India.
It is based out of Ahmedabad and has its headquarters in Mumbai. As far as financial products are concerned, there is a range of products and services offered by it to the customers.
This franchise business belongs to the Monarch Networth Capital which is a joint venture of the Monarch Group of Companies and Networth Stock Broking Ltd. These are the strategic financial service providers.
The number of branches of this firm throughout India is more than 85, spread across 21 different states, with over 600 employees. It has more than 1000 Business Associates and has successfully acquired more than 2 lakh clients since its inception.
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.
SHCIL Franchise Vs Monarch Networth Direct Franchise 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 SHCIL Franchise Vs Monarch Networth Direct Franchise comparison, you should hopefully be able to take a decision on which stockbroker you must be partnering with!
 |  | |
| Overview | ||
| Company Type | Private | Private |
| Broker Type | Full Service Broker | Sub Broker |
| Founded In | 1995 | 1993 |
| CEO | Sanjay Pundalik Pote | Mr. R Sankaran |
| Headquarters | Mumbai, Maharashtra | Mumbai |
| Sub Broker Activation Duration | 30 Days | 15 Days |
| Payout Frequency | 35 Days | 31 Days |
| Network Strength | 200+ | 1000+ |
| Active Clients | 18000+ | 2 Lakh+ |
| Clients Complaint Percentage (Industry Average: 0.06%) | 0.05% | 0.04 % |
| Business Models | ||
| Sub Broker/Authorized Person |  | |
| Franchise |  | |
| Master Franchise | | |
| Remisier | | |
| Referral Plan | | |
| Entrepreneurial Partner | | |
| Revenue Sharing | ||
| Sub Broker/Authorized Person | 60% – 80% | 60% to 75% |
| Franchise | NA | 25% to 40% |
| Master Franchise | NA | NA |
| Remisier | 20% | NA |
| Referral Plan | NA | NA |
| Entrepreneurial Partner | NA | NA |
| Initial Costing | ||
| Sub Broker/Authorized Person | Rs.50,000 – Rs.200,000 | NA |
| Franchise | NA | ₹ 75000 to 2 lac onwards |
| Master Franchise | NA | NA |
| Remisier | Rs.20,000 | NA |
| Referral Plan | NA | NA |
| Financial centre | NA | NA |
| 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 | ₹0 | ₹ 150 |
| Demat Account Maintenance | ₹.229 per Annum | ₹ 0 |
| Trading Account Opening | ₹.399 | ₹0 |
| Trading Account Maintenance | ₹0 | ₹0 |
| Trading Platform Charges | 0.00269% | ₹0 |
| Brokerage | ||
| Equity Delivery | 0.1% – 0.2% | 0.3% to 0.1 % |
| Equity Intraday | 0.01% – 0.02% | 0.05% to 0.03% |
| Equity Futures | 0.01% – 0.02% | 0.05% to 0.03% |
| Equity Options | Rs.10 – Rs.20 per Lot | ₹ 60 to 25 per Lot |
| Currency Futures | 0.01% – 0.02% | 0.05% to 0.03% |
| Currency Options | Rs.10 – Rs.20 per Lot | ₹ 60 to 25 per Lot |
| Commodity | NA | 0.05% to 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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