Find 1st of its kind Comparison of Karvy Franchise vs IIFL Franchise. This comparison provides a detailed view of all the features of respecting sub broker or franchise brands.
Karvy & IIFL are both Broking houses & provide sub brokership to their partners. Both of them have varied Business Models which we will discuss here.
Compare Sub Broker Franchise
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In this comparison, we will dig deep into all the aspects of both broking franchise brands. The significant aspects that we will discuss are:
- Overview
- Customer Ratings
- Business Models
- Security Deposit or Initial Investment
- Revenue Sharing or Commission
- Infrastructure Requirement
- Offers
- Support
- Brokerage Charges to Clients
- Other Charges & Margin to Clients
With this detailed comparison, we will have a clear understanding of which Sub Brokership is better: Karvy Sub Broker Program or IIFL Sub Broker Program.
Start this amazing comparison between Karvy Sub Broker & IIFL Sub Broker:
Karvy Franchise vs IIFL Franchise – An Overview |
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| Overview | Karvy Franchise | IIFL Franchise |
| Company Type | Public | Public |
| Broker type | Full Service Broker | Full Service Broker |
| Headquarters | Hyderabad, India | Mumbai, India |
| Founder | C Parthasarathy | Nirmal Jain |
| Established Year | 1983 | 1995 |
| SB Code Activation Time | 20 Days | 30 Days |
| Payout Time | 33 Days | 40 Days |
Customer Ratings of Karvy Sub Broker & IIFL Sub Broker |
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| Customer Ratings | Karvy Franchise | IIFL Franchise |
| Experience | 2.10 / 5 | 3.50 / 5 |
| Services | 2.90 / 5 | 3.50 / 5 |
| Products | 2.80 / 5 | 3.50 / 5 |
| Trading Platforms | 3.20 / 5 | 3.20 / 5 |
| Support | 2.70 / 5 | 3.00 / 5 |
| Revenue Sharing Model | 3.00 / 5 | 3.20 / 5 |
| Security Deposit | 2.90 / 5 | 3.40 / 5 |
| Offers | 2.80 / 5 | 2.50 / 5 |
| Market Share | 3.00 / 5 | 2.30 / 5 |
| Overll Ratings | 2.80 / 5 | 3.12 / 5 |
| Star Ratings | ★★★☆☆ | ★★★☆☆ |
Compare Business Models of Karvy Franchise & IIFL Franchise |
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| Business Models | Karvy Franchise | IIFL Franchise |
| Master Franchise | R | S |
| Sub Broker | R | R |
| Remisier | R | S |
| Referral Program | S | S |
Karvy Franchise vs IIFL Franchise Security Deposit Comparison |
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| Security Deposit | Karvy Franchise | IIFL Franchise |
| Master Franchise | Rs.50000 | NA |
| Sub Broker | Rs.50000 | Rs.50000 – Rs.200000 |
| Remisier | Rs.10000 – Rs.15000 | NA |
| Referral Program | NA | NA |
IIFL Franchise vs Karvy Franchise Revenue Sharing Comparison |
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| Revenue Sharing | Karvy Franchise | IIFL Franchise |
| Master Franchise | 5%-10% of Franchise | NA |
| Sub Broker | 60% – 70% | 50% – 75% |
| Remisier | 0.4 | NA |
| Referral Program | NA | NA |
India Infoline Sub Broker vs Karvy Sub Broker Infra Requirement |
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| Infrastructure Requirement | Karvy Franchise | IIFL Franchise |
| Office Area | Minimum 300 Sq Ft | Minimum 200 Sq Ft |
| Employee Strength | Minimum 2 | Minimum 3 |
| Research Services | S | S |
| Internet Connection | R | R |
| Trading Terminals | R | S |
| Telephone Lines | R | R |
Compare Karvy Partner & India Infoline Partner Offers |
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| Offers | Karvy Franchise | IIFL Franchise |
| Zero Deposit | S | S |
| 10k Initial Deposit | S | S |
| Flexible Revenue Sharing | R | R |
| Flat Revenue Sharing | R | S |
| Zero Revenue Sharing with Prepaid | S | S |
India Infoline Authorised Person vs Karvy Authorised Person Support |
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| Support | Karvy Franchise | IIFL Franchise |
| Marketing Support | R | R |
| Back-Office Support | R | R |
| Trading Support | R | S |
| Advisory Support | R | R |
| Dealing Training | S | S |
| Acquisition Training | S | S |
| Product Training | R | R |
Compare Brokerage Charges of Karvy Franchise & India Infoline Franchise |
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| Brokerage Charges to Clients | Karvy Franchise | IIFL Franchise |
| Equity Delivery | 0.10% – 0.30% | 0.005 |
| Equity Intraday | 0.01% – 0.03% | 0.05% |
| Equity Futures | 0.01% – 0.03% | 0.05% |
| Equity Options | Rs.10 – Rs.30 per Lot | Rs.100 per Lot |
| Currency Futures | 0.01% – 0.03% | 0.0005 |
| Currency Options | Rs.10 – Rs.30 per Lot | Rs.100 per Lot |
| Commodity | 0.01% – 0.03% | 0.0005 |
Karvy Partners & India Infoline Partners Charges Comparison |
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| Charges to Clients | Karvy Franchise | IIFL Franchise |
| Demat AMC | Rs.500 per Annum | Free or Rs.300 per Annum |
| Trading AMC | Zero | Zero |
| Account Opening Charges | Zero | Rs.1300 |
| Transaction Charges | 0.0000325 | 0.0000325 |
| Margin Money | Starts with Zero | Minimum Rs.25,000 |
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