Aditya Birla Money Franchise Vs IIFL Sub Broker can be seen as one of the most sought out stockbroking partnership business comparisons in the industry.
At one end of the spectrum is a conventional and well-established Aditya Birla Money Franchise is a notableĀ sub-brokerĀ program of ABML (Aditya Birla MoneyĀ Limited) which falls in the low investment category.
The company was earlier known as Apollo Sindhoori Capital Investment Ltd. and its franchise business was initiated in the year 2000. Its corporate office is located in Chennai.
The number ofĀ outletsĀ of the company is more thanĀ 700Ā and that of theĀ franchise exceeds 2000 in over 250 cities, which are spread all throughout India. It is known to have a very strong offline presence across the country.
This stockbroking firm offers its Indian customers various services such as Portfolio management services, corporate as well as treasury services, reviews on real estate and wealth management. It enables its customers to do trading in derivatives and equity through BSE and NSE.
On the other end, IIFL is known for its top trading mobile app in the form of IIFL Markets, quality fundamental research, huge offline presence.
Its branches are spread across a large number of cities in India that count to more than 900. There are over 4000 IIFL sub-brokers, franchise as well as the partner offices.
According to the latest records of NSE, Ā the employee count of IIFL is in excess of 8000, which includes the relationship managers along with an active client base of 2,35,241.
Being a prominent full-service stockbroker in India, IIFL provides a number of features to its stakeholders such as different products for making an investment, platforms for trading, support for the partners or customers, etc. All these make it a trustworthy brand in the stockbroking industry.
This is suitable for someone who wants a regular passiveĀ sub-broker income besides practicing his own profession, which can be trading in the stock market or some other business also.
Aditya Birla Money Franchise Vs IIFL Sub Broker Basics
Letās 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 Aditya Birla Money Franchise Vs IIFL Sub Broker comparison, you should hopefully be able to take a decision on which stockbroker you must be partnering with!
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Overview | ||
Company Type | Private | Private |
Broker Type | Full-Service | Full-Service |
Founded In | 1995 | 1995 |
CEO | Prathap C Reddy,Chairman | Karan Bhagat |
Headquarters | Chennai. | Mumbai |
Sub Broker Activation Duration | 20-30 Days | 3-4 Business Days |
Payout Frequency | 1 month | 30 Days |
Network Strength | 2200+ | 4500+ |
Active Clients | 42354 | 2.3 Lakh+ |
Clients Complaint Percentage (Industry Average: 0.06%) | 0.04 % | 0.06% |
Business Models | ||
Sub Broker/Authorized Person | ![]() | ![]() |
Franchise | ![]() | ![]() |
Master Franchise | ![]() | ![]() |
Remisier | ![]() | ![]() |
Referral Plan | ![]() | ![]() |
Entrepreneurial Partner | ![]() | ![]() |
Revenue Sharing | ||
Sub Broker/Authorized Person | NA | 50% to 75% |
Franchise | 25% to 70% | 50% to 75% |
Master Franchise | NA | 60% to 85% |
Remisier | NA | 10% to 20% |
Referral Plan | NA | 10% |
Entrepreneurial Partner | NA | 20% to 40% |
Initial Costing | ||
Sub Broker/Authorized Person | NA | ā¹50,000 to ā¹200,000 |
Franchise | ā¹0 to ā¹1 Lakh | ā¹50,000 to ā¹200,000 |
Master Franchise | NA | ā¹200,000 to ā¹400,000 |
Remisier | NA | ā¹0 |
Referral Plan | NA | ā¹0 |
Financial centre | NA | ā¹0 |
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 | ā¹0 | ā¹555 |
Demat Account Maintenance | ā¹0 | ā¹300 |
Trading Account Opening | ā¹750 | ā¹750 |
Trading Account Maintenance | ā¹0 | ā¹0 |
Trading Platform Charges | ā¹0 | ā¹0 |
Brokerage | ||
Equity Delivery | 0.30% | 0.50% |
Equity Intraday | 0.03% | 0.05% |
Equity Futures | 0.03% | 0.05% |
Equity Options | ā¹ 50 per lot | 1% of Premium or ā¹100/- per lot whichever is higher |
Currency Futures | 0.03% | 0.05% |
Currency Options | ā¹ 20 per lot | 1% of Premium or ā¹100/- per lot whichever is higher |
Commodity | ā¹ 0.03% | 0.05% |
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 toĀ become a sub-brokerĀ with any of the prominent stockbrokers, let us assist you in taking the next steps forward:
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