LKP Securities Franchise Vs SHCIL FranchiseĀ 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 LKP Securities Franchise is one of the reputed franchise businesses that has its presence in the Indian stock broking industry since the year 2005.
The firm i.e.Ā LKP SecuritiesĀ began its operation in 1948. This financial solutions provider is known to provide a wide variety of financial services.
This is a certified ISO-9002 stockbroker in the market that lets you trade the equities, debt instruments, currency, commodity, structured products, and third-party distribution.
Owing to its best services to the customers, this SEBI registeredĀ sub-brokerĀ has more thanĀ 100,000 customersĀ to date.
It has membership inĀ BSE and NSE for the Capital and Debt market segments for the LKP securities and in the case of the Commodity segment, it has a membership of MCX, MCDEX, and DGCX-Dubai. For currency features, it is a trading member with NSE.
On the other end, a well-established full-service stockbroker with 11,500+ branches across the country i.e. 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 Indiaās 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
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.
LKP Securities Franchise Vs SHCIL Franchise 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 LKP Securities Franchise Vs SHCIL Franchise comparison, you should hopefully be able to take a decision on which stockbroker you must be partnering with!
Overview | ||
Company Type | Public | Private |
Broker Type | Full Broker | Full Service Broker |
Founded In | 1948 | 1995 |
CEO | Pratik Doshi | Sanjay Pundalik Pote |
Headquarters | Nariman Point, Mumbai | Mumbai, Maharashtra |
Sub Broker Activation Duration | 35 Days | 30 Days |
Payout Frequency | 30 Days | 35 Days |
Network Strength | 200+ | 200+ |
Active Clients | 1.5 Lakh+ | 18000+ |
Clients Complaint Percentage (Industry Average: 0.06%) | 0.1% | 0.05% |
Business Models | ||
Sub Broker/Authorized Person | ||
Franchise | ||
Master Franchise | ||
Remisier | ||
Referral Plan | ||
Entrepreneurial Partner | ||
Revenue Sharing | ||
Sub Broker/Authorized Person | 50% to 60% | 60% ā 80% |
Franchise | 40% to 50% | NA |
Master Franchise | NA | NA |
Remisier | NA | 20% |
Referral Plan | NA | NA |
Entrepreneurial Partner | NA | NA |
Initial Costing | ||
Sub Broker/Authorized Person | ā¹25k to ā¹1 Lakh | Rs.50,000 ā Rs.200,000 |
Franchise | NA | NA |
Master Franchise | NA | NA |
Remisier | NA | Rs.20,000 |
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 | ā¹0 | ā¹0 |
Demat Account Maintenance | ā¹ 250 Per Annum | ā¹.229 per Annum |
Trading Account Opening | ā¹0 | ā¹.399 |
Trading Account Maintenance | ā¹0 | ā¹0 |
Trading Platform Charges | ā¹0 | 0.00269% |
Brokerage | ||
Equity Delivery | 0.1% ā 0.5% | 0.1% ā 0.2% |
Equity Intraday | 0.01% ā 0.05% | 0.01% ā 0.02% |
Equity Futures | 0.01% ā 0.05% | 0.01% ā 0.02% |
Equity Options | Rs. 50 per Lot both side | Rs.10 ā Rs.20 per Lot |
Currency Futures | Rs.30 per Lot | 0.01% ā 0.02% |
Currency Options | Rs.30 per Lot | Rs.10 ā Rs.20 per Lot |
Commodity | Rs. 50 per Lot | NA |
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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