Are you looking for a new business opportunity? Do you have an interest in the stock market? If your answer is ‘yes’, then here’s an idea to consider—a broking franchisee. As a franchisee, you get to work with clients in the financial markets.
Let’s find out what a franchisee is and how to become a franchisee in India.
A franchisee is a business associate of a trading firm. The franchisee provides information regarding investment services and products such as commodity trading, equities, etc, to his or her clientele. Franchisees assist their clients in stock market trading and are agents of the brokerage firm.
To enter into a business partnership with a trading firm, you need to do the following:
To become a franchisee first, get a certificate from the National Institute of Securities Markets (NISM). For this, you need to clear the NISM modules comprising equities, mutual funds, commodities, and options and futures. SEBI registration: Next, you get registered with the Securities and Exchange Board of India (SEBI). You can apply for SEBI registration online. Submit the required documents while applying. Pay the registration fee and the initial deposit to become a franchisee. You may also need to register with your local stock exchange.
Now, find a good broker to associate with. It is important that you choose a reliable broker who offers you the best opportunities. A reputed broker like Kotak Securities would provide you with the best research material and regular training. You will get help and guidance at every step of the way.
To become a sub- broker (franchisee):
You need to have an HSC degree or are a matriculate.
You need to have knowledge of financial services and a good network of clients You should be 21 years old or older.
You should be able to make a minimum deposit of Rs 3 lakh (negotiable).
You should have an office space of about 300 square feet.
You should have computers with ISDN/SAT connections.
If entrepreneurship is what you are looking at, a brokerage franchisee may be a good opportunity for you. Pick the right partner and enhance your skills.
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