Sharekhan, the full service broker offers several business partnership opportunities offering definitive growth potential. So, if you are looking up information for becoming a Sharekhan sub broker, you must first check Sharekhan sub broker eligibility.
The stockbroker is one of the most recognized names in the financial services industry. In all, the broker has a physical presence in over 545 cities spread across the vast expanse of the country.
This goes on to tell the huge marketing efforts by the stockbroker to win over the trust at the local level. Subsequently, there are well over 3200 franchise partners in India, who have leveraged the glamour of the brand to grow their own business.
There are many benefits of becoming a sub broker with Sharekhan. The first among them all is the ever increasing number of traders who want to avail the trading services of the stockbroker.
Since having a Sharekhan Demat account allows traders the opportunity to carry out trading or investment activities in a vast range of financial products such as Equity, Derivatives (Futures and Options), Commodity, Currency, Mutual Funds, IPOs, etc.
Established in 2000, the full service stockbroker is known for its technological advancements in trading platforms to facilitate modern day traders. Talking of which, their trading platforms available across mobile, web, and desktop ensure a seamless online trading experience.
All the above parameters suggest that a sub broker partnership with the stockbroker is a great opportunity. Likewise, if you are interested in sub brokership with the broker, you might as well want to know the Sharekhan sub broker charges.
So, without wasting any more time, let’s get down to learning the Sharekhan sub broker eligibility criteria.
Eligibility Criteria For Sharekhan Sub Broker
As we talked about above there are a whole lot of benefits in a business partnership with the stockbroker. The benefits act as bait for inviting countless queries of individuals interested in becoming sub brokers.
However, there are some eligibility criteria set up by the broker that an interested individual must fulfill before applying for any of the Sharekhan sub broker models.
Since the stockbroker offers multiple business partnership models, Sharekhan has devised a different list of sub broker eligibility criteria pertaining to each model.
However, consider the following as the basic Sharekhan sub broker criteria:
- The individual must be above 21 years old.
- The individual must have a SEBI Registration form
- Preference will be given to individuals with relevant experience in the stock market or finance related industry.
- The candidate must at least have a Graduation degree.
Further, the stockbroker has a list of eligibility criteria specific to each of its sub broker models.
There are a total of 3 partnership models offered by Sharekhan, namely :
- Power Broker
- Sharekhan Remisier
- Independent Financial Advisor
Sharekhan Power Broker Eligibility
The individual under this model works to acquire new clients and provide service to traders. The Power Broker deals in every financial product offered by the stockbroker. This means that the Power Broker has ample business opportunities to cater to a vast variety of traders.
The major work of a Power Broker will be to bring in new clients, thus this partnership model will suit existing sub brokers, financial advisors, individuals who are already distributing financial products.
The Power Broker will need to utilize their knowledge to convince new clients to open accounts and make useful suggestions in terms of choosing financial products offered by the broker.
Even business owners interested in offering all the financial products and services can apply for this sub broker model.
The Sharekhan Power Broker eligibility is as follows :
- The individual should have ample knowledge about all the financial products offered by the broker. Since they will be distributing the financial products to clients, they should have operational knowledge about the products.
- Economic knowledge will be a huge bonus. Since the sub broker will need to handle High Net Worth Individuals (HNIs), the sub broker should be capable enough of suggesting stocks for them to make investments or trading.
- Individuals looking to opt for this sub broker model should have appropriate management skills. The power broker will have an entire office setup. Further, they will be managing a team of professionals, so their man management skills need to be top notch.
Sharekhan Remisier Eligibility
Under the Sharekhan Remisier model, individuals earn by referring clients to the stockbroker. Here, the remisier will not require to set up any office and so does not have to pay any infrastructure costs.
This makes the sub broker model a great opportunity for business enthusiasts that are a bit low on budget. The individual will make higher profits by bringing in more clients for the stockbroker.
The earnings depend on the number of referred clients and the brokerages that they manage to bring out from their clients. The individual should have good communication skills to persuade a client for availing the services of Sharekhan.
The Sharekhan Remisier eligibility criteria are listed below :
- The individual has contacts with High Net Worth Individuals (HNIs)
- The individual has the requisite knowledge of the stock market operations and the experience of dealing in various financial products.
Sharekhan Independent Financial Advisor Eligibility
The Sharekhan Independent Financial Advisor deals in mutual funds only. In other words, this is a great opportunity for already existing Financial Advisors.
The Sharekhan Independent Financial Advisor can only distribute mutual funds.
The eligibility criteria for this sub broker model is :
- The sub broker should have a thorough knowledge of mutual funds
- The individual must have enough
Further, for more information about dealing in Mutual Funds, you can read How to Become a Sub Broker in Mutual Funds?
Sharekhan Sub Broker Documents
After checking the eligibility criteria, the interested individuals should also glance at the list of documents mandated by the stockbroker.
The applicant will have to submit these documents during the sub broker registration process. The list of Sharekhan Sub Broker documents is mentioned below:
- In order to become a Sharekhan sub broker, the individual must possess the SEBI Registration form.
- Graduation Certificate
- ID Proof – Aadhaar Card, Driving License, Voter Card, PAN Card, Passport.
- Address Proof – Electricity Bill, Phone Bill, Aadhaar Card, Ration Card.
- Age Proof – Birth Certificate, or any of the above documents with mention of Date of Birth
- Passport Size Photographs
Sharekhan is regarded as one of the finest brokers in the industry and has many perks for sub-brokers. Read why partner with Sharekhan to know more.
In a world full of opportunities, nothing comes close to the prospect of becoming a Sharekhan sub broker in terms of growth potential. Everyone who has been in and around the stock market space can testify to that statement.
Sharekhan is regarded as one of the most recognized brands in the stockbroking industry in India. The full service stockbroker has physical outlets in over 575 cities of the country. This makes the stockbroker one of the most locally visible stockbrokers.
The vast physical presence across the country has invited mass attention from customers who want to open a Demat account with the broker, but also individuals who are interested in a business partnership with the stockbroker.
Individuals should check the Sharekhan sub broker eligibility before proceeding any further. That said, the eligibility criteria listed by the stockbroker is pretty plain and simple.
The individual should be over 21 years of age, must possess a SEBI Registration form, address proof, and at least be a graduate.
Sharekhan offers 3 types of business partnerships and the eligibility criteria vary depending upon the sub broker model an individual chooses.
In addition to the ones mentioned above, there are certain documents that are required to be presented by an individual at the time of registration as a sub broker.
In case you wish to become a sub-broker or a stockbroking business partner in any capacity, let us assist you in taking the next steps forward: