July 24, 2024
Karvy Franchise

Karvy Franchise

Karvy Franchise is among India’s notable stock broking franchises based in Hyderabad. It has been over 33 years back in the year 1983 when this stockbroker was established. Through this offline business model, the broker has established a better grip in the market among different stakeholders.

It has more than 60 million investors associated with it with over 3 Lakh Active clients in the stock market trading. Its presence is spread in over 330 geographies in India as well as overseas locations such as Dubai and New York with more than 1200 offices.

Clients can enter into a partnership with this SEBI registered company through a program named Karvy Fortune that the company conducts. With this program, the traders and investors get to choose from a number of partnership models.

It was at a much later stage when this Karvy Online group of companies introduced the online broking segment. It has won a number of awards in different departments. And thus established itself as one of the reputed brands in the financial market of India.

Karvy Franchise Partnership models:

There are numerous business models which Karvy provides for enthusiastic individuals like yourself. You can opt for the one that best suits your requirements and earns profits through the trading business.

These partnership models are as follows:

Karvy Franchise

It is also termed as self-set up broker or sub-broker. In this model, the person who becomes a Karvy Franchise sets up his own broking business under Karvy brand name. He/she is responsible for handling the existing customers in the company’s network as well as add the potential clients to the client base.

While signing the contract, you can negotiate regarding the profit percentage that you will be entitled to.

Karvy Master Franchise

In this model of the master franchise, the main function is to add new Karvy Franchise to the company’s network. This will fetch you a certain amount of profit. In general, a brokerage of 5% or 10% of the amount that the Karvy Franchise pays can be earned by you.

Remisier model

A Remisier’s primary task is to get clients to the company in order to earn profits. This requires you to have a strong client base and an initial deposit that is not too high.

In this model, you have a chance to earn about 40% profit and it is the highest known amount that Remisier of any company gets.

Karvy Individual Financial Advisor

You can choose this business model when you are either an individual or a firm representing a network of investors. In the Individual Financial advisor model, there is no need for any initial costs or investment in the infrastructure for starting the business.

You can operate with your existing client base as well as be willing for new client acquisition. Your profitability will begin right from the first day as most of the major works will be done by Karvy operational teams

Karvy Franchise Initially costing:

The fees for different partnership models of Karvy are enumerated below:

Karvy Franchise

For trading in commodities, an initial deposit of ₹25,000 to ₹50,000 is needed in this model. A registration charge of ₹2390 has to be paid which is non-refundable in nature. Along with this, you need to to pay a CTCL of ₹250 every month.

In the case of the equity segments, there are two models available, these are:

e-Franchise model:

The initial deposit, in this case, is ₹25,000 along with a registration charge of ₹7500. The break-even point can be touched and the profitability can be moved according to the broker as soon as 10 clients are activated in this model.

Brick and Motor model:

Here, an initial deposit of ₹50000 is needed in the initial stage along with ₹7500 for registration. For setting up the office, investment is needed that ranges from ₹50,000 to ₹3 lakh. The exact amount depends on the city in which the transactions are carried out.

It is possible to attain a break-even position once 25 client accounts are opened and activated. As per the type of business approach, you can expect a return on investment ranging from 30% to as high as 300%.

Karvy Master Franchise:

₹50,000 is the initial deposit needed in this model, which is refundable in nature. When you decide to quit the partnership, you will get back this money. So, overall there is no major investment needed for this.

Karvy Remisier

In order to register as a Remisier, the initial deposit needed is ₹25,000.

Other than this, no other investment is needed for starting the work. In certain cases, there are chances that the initial investment can be levied on the basis of your client base size and the turnover of the corresponding trading.

Karvy Franchise Revenue sharing:

It is highly essential to have enough negotiation skills so that you can bargain the revenue sharing percentage with the Karvy stock broking house.

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  • In the case of commodity as well as currency trading, the revenue sharing ratio is 70:30.
  • In the case of equity trading:[/su_list]
    • For the e-Franchise Model, you can a revenue share of 40% and Karvy gets the rest of it. There is no offline trading for this.
    • For the Brick and Motor model, the ratio in which the revenue is shared is 70:30.

Karvy Partnership Advantages:

With Karvy, you can avail a number of benefits with each business model, all of which are explained below:

Karvy Franchise or sub-broker:

With this business model of Karvy, the benefits which you can get are enumerated below:

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  • You will get to trade with numerous trading and investment products. These will be at your disposal so you can offer them to the potential customers. Owing to the variety of products, a large number of customers will be attracted as customers with different needs can be catered easily.
  • You will not have to convince customers and create trust in their minds for Karvy as it is already a well-established brand. So client acquisition becomes easier.
  • There is no need to worry about the problems and complaints of the customers as the company will take care of these.
  • The latest stock market research provided by the company’s in-house team will help you stand out in a competitive environment.
  • Since the marketing operations will be handled by the company, your investment will not be so high.
  • On the basis of trading turnover, the brokerage will be calculated. Because of this reason, significant profits can be generated.
  • Accessing the company’s client base that is spread across the whole country becomes easy for you.
  • In order to set up your business, you will be provided with training and other required materials.[/su_list]

Karvy Master Franchise:

If you opt for this model, here are the advantages you will get:

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  • You will be provided with training so that you can succeed in the business.
  • Complete support from Karvy.
  • You will get an easy opportunity to earn.
  • Flourish in your business using the company’s popularity and established a brand name.
  • You will not have to make any investment in setting up the infrastructure.[/su_list]

Karvy Remisier model:

If you want to become a Remisier then you can expect to get the following advantages:

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  • Your client base will have access to a wide range of investment products.
  • Here also, there are no expenses needed to establish your infrastructure.
  • You will get a chance to leverage the broking house’s brand name.
  • You will have complete freedom to work.
  • There are chances that you can earn a high amount of profits.
  • Proper training and education will be imparted to keep you updated as well as enable you to carry out business operations properly.[/su_list]

Karvy Partnerships Eligibility criteria:

Karvy Franchise:

To begin  a Karvy Franchise, here are the eligibility criteria which you need to fulfil:

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  • It is necessary that you should be self-employed as well as work as a CA, MF, insurance agent, financial advisor, ICFA etc.
  • You should be at least 21 years old.
  • You need to have a minimum experience of two years in the trading and stock market business.
  • An educational qualification not less than 10+2 is needed. But if you are graduated or have a post-graduation degree, you will be a preferred candidate.
  • Make sure to keep all your papers ready for completing the sub-broker registration process successfully.[/su_list]

Karvy Master Franchise

For becoming a Karvy Master Franchise, these are the eligibility criteria needed:

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  • Minimum experience of two or three years in the trading and stock market business is preferred.
  • The minimum educational qualification needed id 10+2.
  • All the relevant documents have to be kept ready before the registration process.
  • You should be minimum 20 years old while applying for it.
  • You should have a good customer base already and even be willing to get more.[/su_list]

Karvy Remisier model

The eligibility criteria that have to be fulfilled to become a Karvy Remisier are as follows:

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  • You should have passed 10+2  though higher degrees are given preference.
  • You should be at least 20 years old while applying for it.
  • It is necessary for you to have two years of experience as a reviser or you should have worked under a broker or sub-broker.
  • Make sure to keep all the valid documents ready for registration to kickstart the business without delay.
  • An experience of 1 year in financial or investment product selling makes you a favourable candidate for the position.
  • It is quite essential for you to have better convincing skills so that you can acquire clients easily.[/su_list]

Karvy Individual Financial Advisor

The criteria needed to be a Karvy Individual financial advisor are as follows:

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  • An experience of 2 or 3 years in the financial investment fields is needed.
  • You must have a valid as well as active NISM or AMFI certification if you have been involved in mutual funds selling as an advisor or agent.[/su_list]

Karvy Franchise offers:

You can avail the following offers with Karvy Franchise:

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  • A revenue sharing ratio that is flexible in nature.
  • The security deposit amount can be negotiated.
  • The need for setting up your office space can be waived off.
  • Certain specific clients can get enhanced margin exposure.
  • Its brokerage plans are low.[/su_list]

If you are looking to become a sub-broker or a partner in any capacity with a stockbroking firm, let us assist you in taking the next steps forward:


Karvy Franchise FAQs:

In the following section, we have dealt with the frequently ask questions that pop up in the mind of a person when he/she wants to enter into a partnership with Karvy online.

With Karvy, how many types of partnership models do I get to choose from?

Karvy provides for 4 business models i.e:

  1. Karvy Franchise
  2. Karvy Master Franchise
  3. Karvy Remisier
  4. Karvy Individual Financial Advisor

What benefits can I expect from my partnership with Karvy?

Here are the benefits you can get from Karvy:

  • Complete training and educational support to the customers so that they remain updated and function efficiently.
  • You can leverage the brand name of the company and grow in your business.
  • It provides a variety of trading options, from which you can choose as per your needs and goals.
  • You will be in an advantageous position owing to is a customer-centric approach.
  • You can stand out in the crowd among the stiff competition through its detailed research reports and trading tips that are provided on a regular basis.

What documents do I need to submit in order to begin a Karvy Franchise or opt for any of its business models?

Here is the list of valid documents which you must provide for  registration purpose:

  • A proof showing your date of birth.
  • Relevant certificates showing your educational qualification.
  • PAN card
  • Aadhar card.
  • Cancelled cheques of bank or any bank record
  • 2 photographs
  • A valid proof of your address.
  • Relevant certificates showing your past experience in the financial and brokerage sector.

What is the process of Registration I have to follow if I want to start a Karvy Franchise?

Here are the steps that have to be followed to start a Karvy Franchise business. The process is the same  when you want to opt for any other business model too:

  1. First, you have to make sure that you are fulfilling the eligibility criteria before you opt for any of the available business models. Then you need to identify the model that perfectly suits your requirements and business goals.
  2. A registration form seeking all the relevant details need to be filled up, after which you will get a verification call regarding your interest in the partnership business.
  3. Then a face to face interview will be arranged where you can clear all your doubts. After this, the documents need to be submitted along with the security deposit cheque.
  4. These documents will be sent for approval. After this, you will be registered as a Karvy Franchise

How long does it take for the registration process to complete?

If you submit the necessary documents on time, without missing any of the,m, it will take 3 or 4 days for the completion of the process but if there is an issue with the documentation, then you may experience a delay in the process.

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