December 2, 2023

How to Become a Sub Broker in Anand Rathi?

Choosing a stockbroker for a business partnership can be a greatly disturbing time for anyone. We won’t be surprised if you end your search at Anand Rathi. We can help in the next step as well. Learn the process of how to become a sub broker in Anand Rathi here. 

Established in 1994, Anand Rathi is one of the good old names in the broking industry that you feel have been around for eternity. The full service broker is a popular choice for traders and investors alike.

The broker has more than 350 physical outlets across the vast expanse of the country. The broker registered on some of the biggest stock and commodity exchanges of the country such as – NSE, BSE, MCX, NCDEX

The broker has not only made its presence felt across India but also in the Gulf. Thus, the broker has a unique global charm associated with its name.

Subsequently, Anand Rathi has managed to bring in around 79,000 customers for their demat account services.

Similarly, the growing success of the broker has brought in queries from business enthusiasts who want to become a sub broker in Anand Rathi.

A business association with the broker will definitely help individuals in their bid to make it big in the industry.

However, there are few things that need to be brought into consideration as well. Like the eligibility criteria, documents, charges associated with the sub broker registration process.

So, we will be looking to end those queries through this article.

Anand Rathi Sub Broker Model

There are numerous stockbrokers in the industry that offer multiple partnership models. However, rather than helping individuals, these end up confusing an interested individual. 

The stock market can be a confusing place, to begin with. We can totally see why Anand Rathi only offers one sub broker model. Having only one sub broker model literally ends all and any room for confusion.

The sub broker or the authorized person will work to acquire new clients for the broker. In addition to this, the sub broker will suggest investment products offered by the broker to the clients to help them in achieving their investment goals, objectives.

So, as a basic requirement, when you become an Anand Rathi sub broker, you should have a thorough understanding of the stock market.

It goes without saying that you need to have a good idea of all the financial instruments offered by the broker. 

A person will have to sit for the sub-broker exam to be eligible for pursuing a business partnership with Anand Rathi. The sub broker will need to acquire certification for distributing any financial product.

The broker is registered with NSE, BSE, MCX, NCDEX which allows the sub broker the opportunity to distribute a number of investment products. 

The sub broker can earn a commission of upto 80% under this model. However, that is dependant on the volume of trade you bring in for the broker.

But, you can expect the minimum commission rate to be in the range of around 50 – 80%.

Anand Rathi will provide all the necessary training and branding equipment to the sub broker. So, you will be provided full support after you partner with the broker.

Anand Rathi Sub Broker Process

As such the sub broker registration process is a fairly straightforward process.

An individual will need to follow the below-mentioned steps to become a sub broker in Anand Rathi: 

  1. To begin the registration process, fill in the details in the below-given form. You just have to provide us with your – Name, Contact Number, Email Address, City.

  2. We will arrange for a telephonic interview with any of the broker’s representatives.
  3. The broker’s representative will get in touch with you and you will need to share your business objectives, your background details. 
  4. Later, the Anand Rathi representative will fix an appointment with you to take the process further. 
  5. You will be provided with the commission rates of the Anand Rathi sub broker models. They will share details such as the initial investment amount, charges responsibilities of a sub broker, etc. 
  6. Later you can set up a meeting with the executive at a location and you will need to submit the necessary documents. 
  7. The submitted documents will be sent for verification.
  8. Once the documents get verified, you will be provided with the Anand Rathi Sub Broker account toolkit. This toolkit will contain your account credentials such as the login ID and password which can be used for setting up your account.

Anand Rathi Sub Broker Eligibility

To save individuals from any sort of confusion. Anand Rathi has come up with well-defined eligibility criteria that an individual must fulfill. 

Following is the list of eligibility criteria to become a sub broker with the discount broker:

  1. The individual should have at least completed the 10th. However, an MBA or degree in finance will be preferred.
  2. The applicant should at least be 18 years old or older. 
  3. SEBI registration certificate.
  4. The individuals should have the mandatory NISM certificate for the segments of their choice.
  5. Individuals with a minimum of 2-3 years of experience in distributing financial products 
  6. Already existing financial advisors, distributors, employees with stockbrokers
  7. Individuals with good contacts in the stock market and/or a good client base.
  8. The individual should be financially capable enough to make an initial investment of a minimum of ₹2 – ₹3 lakhs.

Anand Rathi Sub Broker Charges

As is the case with any sub broker model, the Anand Rathi sub broker model too has associated charges.

The list of charges is made up of the usual – 

▶️ SEBI registration fees, 

▶️ An initial security deposit that needs to be paid at the time of registration 

▶️ Lastly, the infrastructure charges to set up an office to carry out business. 

The first on the list is the SEBI registration fees. The stock market regulatory body has directed that every sub broker must get registered with them, by filling the registration form. 

There is a charge of ₹2360 + GST charges that need to be paid right away.

Then comes the initial security deposit of around ₹1.5 – ₹2 Lakhs. This amount will be returned at the time of cancellation or termination of the contract. 

The sub broker model also involves infrastructure charges. The sub broker will need to set up an office to carry out business operations and provide services to their clients. 

On the other hand, the sub broker will need to set up an office or rent, lease office space. These costs depend on the location where you want to set up your office. 

Generally, these infrastructure charges happen to be around ₹1 – 1.5 Lakhs. Counting all the Anand Rathi sub broker charges, the individual will need to make a minimum initial investment of around ₹3 Lakhs

This is pretty much the same for most of the stockbroking firms in the country.

Documents for Anand Rathi Sub Broker

The Anand Rathi sub broker registration process requires the individual to submit a couple of documents.

The broker has enlisted a well-defined list of documents that an individual must possess at the time of registration. 

The documents for Anand Rathi sub broker are listed below:

PAN Card 

Identification Proof – PAN card, Aadhaar Card, Driving License, Voter ID Card, Passport.

Address Proof – Aadhaar Card, Voter ID, Driving License, Rent Agreement, Passport, Hostel Address, Electricity Bill, Telephone Bill.

Qualification Proof – 10th Marksheet, Copy of Graduation certificate, NISM certification

Age Proof – Aadhaar Card, Driving License, Voter ID Card

SEBI Registration certificate 

Passport Size Photographs 

Reference letter from a registered CA


Anand Rathi is one of the most celebrated stockbrokers in the industry. The full service broker started its operation back in 1994 and has since gone on to cement its place among the elites of the country.

The broker registered with the major stock exchanges of the country is known for its quality demat account facility. Subsequently, as per the recent NSE records, the broker has attracted over 79,000 customers.

The broker in a bid to increase its physical presence in the domestic circuit offers lucrative business partnership opportunities. Under the sub broker model, the individual works as an authorized person who assists in attracting more customers to the sub broker.

The sub broker can earn as high as 80% commission depending upon the amount of business they bring in. however, on the other end, the commission rate has been capped at a minimum of 50%.

It is understandable why budding business enthusiasts wonder how to become a sub broker in Anand Rathi. Well, the process consists of a few simple steps. The individual will need to present some documents at the time of registration.

In addition to this, there are a couple of sub broker charges involved in the whole process. But, they are pretty much as per the industry standards.

To sum up the whole scenario, the Anand Rathi sub broker partnership model receives a yes from us.

If you are considering a business partnership with the broker. Let us assist you in taking the process further.

Simply fill in the details mentioned in the form below:


Leave a Reply

Your email address will not be published. Required fields are marked *