Kotak Securities Sub Broking Franchise
A broking franchise is a company that deals in stock and are willing to give their franchise to sub brokers. The rights are sold to the franchise so that extra clientele is fetched and more money is made through these sub brokers or franchise partners. They are known as Franchiser.
The model is a great way to start an independent business, to become one of the best sub broker franchises in the country, there are different aspects are to be considered.
ABOUT KOTAK SECURITIES FRANCHISE
Kotak securities franchise enjoys a brand of trust and thus there is no requirement to pitch the customers about the goodwill of the brand and acquire clients.
Kotak Securities Franchise is one of the big names in the stock market with a huge success rate. It has also been one of those few broking companies who opened the opportunities for sub-brokers to expand their client base.
Having been long in the market, it has certainly understood the varied requirements and expectations of a Kotak securities sub broker and hence it offers a variety of business association models. Though the basic concepts of the model are same across, but they certainly have distinctive key features to cater to the different strategy.
Kotak Securities Sub Broker has two types of business models:
- Sub Broker
- Remisier
A Kotak Securities Authorized Person can serve the client with all the products and offerings of Kotak Securities like equity, derivatives, mutual funds, IPOs, depository services, margin trading facility etc. Apart from this, it also offers access to the risk management services, back-office support and the technology.
With the Kotak Securities Remiser Model, one can earn a commission with each potential customer they connect.
The sub brokers with the recent amendment by SEBI are now called as authorized person (AP), the role is the same but the registration process differs a bit, as any new registration will now be an AP instead of sub broker.
Advantages of Kotak Securities Broking Franchise
- Smart analytical tools & trading platforms available
- Association with a huge brand name
- Wide range of products & services
- Diversified business profile
- More products to deal in and hence better business opportunities
- No hassles of business
- No risks involved
- Educating on the technical skills of investing/trading
- 24*7 Customer Support
KOTAK SECURITIES FRANCHISE COST
It requires the candidate to deposit a security amount ranging from 1 Lac to 3 Lac. This amount is refundable provided there are no dues of the sub-broker. Thus, this deposit is only as an insurance towards the default risk that sub-broker may pass on to Kotak Securities.
The other type of cost is the infrastructure cost, the typical infrastructure includes a decent sized office space, workstations, telephone lines, internet connectivity, employees (if required), basic furniture etc.
How to become a Kotak Securities Sub broker or Authorized Partner?
Fill up the applicable and relevant form on the website. Ensure that correct details are provided.
- Kotak Securities’ executive will connect over call for verification of details
- Fix up an appointment with the Kotak Securities Team (the Kotak team would connect for the same)
- Exchanging the business ideas over the table and understanding what is expected by both the parties
- Furnishing all the requisite documents and making necessary payments
- Verification of documents
- Receiving Account ID and activation of the same
The process takes 2 to 7 days depending upon the turnaround from the candidate.
CONCLUSION
opting for a Kotak Securities Franchise holds good income opportunities for those looking for an extra income or are planning to expand their business. There are different business models offered by the company. It is a good business option, although the cost of setting up is a little higher as compared to other franchise. They have good experience in the field and come up with the best services that can satisfy the clients to a great extent.
Kotak Securities, thus, can surely be a great choice for a sub-broker as it also provides constant support in all aspects – be it technical, marketing, research, advisory or any other field.
To conclude, it is the easy & simple registration process – there would be no harm in connecting with them and evaluating the opportunity.