Karvy Franchise vs Nirmal Bang Franchise – Compare Business Models, Revenue Sharing and more

Find 1st of its kind Comparison of Karvy Franchise vs Nirmal Bang Franchise. In this comparison, you will find a detailed view of all the features of respecting sub broker or franchise brands.

Karvy & Nirmal Bang are both Broking houses & provides sub brokership to their partners. Both of them have varied Business Models which we will discuss here.Karvy Franchise vs Nirmal Bang Franchise - Comparison-min

Compare Sub Broker Franchise


In this comparison, we will dig deep into all the aspects of both broking franchise brands. The major 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 clear understanding of which Sub Brokership is better: Karvy Sub Broker Program or Nirmal Bang Sub Broker Program.

Start this amazing comparison between Karvy Sub Broker & Nirmal Bang Sub Broker:

Karvy Franchise vs Nirmal Bang Franchise – An Overview

OverviewKarvy FranchiseNirmal Bang Franchise
Company TypePublicPrivate
Broker typeFull Service BrokerFull Service Broker
HeadquartersHyderabad, India‎Mumbai, India
FounderC ParthasarathyRahul Arora, CEO
Established Year19831986
SB Code Activation Time20 Days20-30 Days
Payout Time33 Days1 month

Customer Ratings of Karvy Sub Broker & Nirmal Bang Sub Broker

Customer RatingsKarvy FranchiseNirmal Bang Franchise
Experience2.10 / 53.2/5
Services2.90 / 53.1/5
Products2.80 / 52.8/5
Trading Platforms3.20 / 52.8/5
Support2.70 / 53.5/5
Revenue Sharing Model3.00 / 53.8/5
Security Deposit2.90 / 53.8/5
Offers2.80 / 53.1/5
Market Share3.00 / 52.5/5
Overll Ratings2.80 / 53.16
Star Ratings★★★☆☆★★★☆☆

Compare Business Models of Karvy Franchise & Nirmal Bang Franchise

Business ModelsKarvy FranchiseNirmal Bang Franchise
Master FranchiseRS
Sub BrokerRR
Referral ProgramSS

Karvy Franchise vs Nirmal Bang Franchise Security Deposit Comparison

Security DepositKarvy FranchiseNirmal Bang Franchise
Master FranchiseRs.50000NA
Sub BrokerRs.50000Rs 75,000 – 2 Lakhs
RemisierRs.10000 – Rs.15000NA
Referral ProgramNANA

Nirmal Bang Franchise vs Karvy Franchise Revenue Sharing Comparison

Revenue SharingKarvy FranchiseNirmal Bang Franchise
Master Franchise5%-10% of FranchiseNA
Sub Broker60% – 70%50% – 70%
Referral ProgramNANA

Nirmal Bang Sub Broker vs Karvy Sub Broker Infra Requirement

Infrastructure RequirementKarvy FranchiseNirmal Bang Franchise
Office AreaMinimum 300 Sq FtMinimum 200 Sq Ft
Employee StrengthMinimum 2Minimum 3
Research ServicesSR
Internet ConnectionRR
Trading TerminalsRR
Telephone LinesRR

Compare Karvy Partner & Nirmal Bang Partner Offers

OffersKarvy FranchiseNirmal Bang Franchise
Zero DepositSS
10k Initial DepositSR
Flexible Revenue SharingRR
Flat Revenue SharingRS
Zero Revenue Sharing with PrepaidSS

Nirmal Bang Authorised Person vs Karvy Authorised Person Support

SupportKarvy FranchiseNirmal Bang Franchise
Marketing SupportRR
Back-Office SupportRR
Trading SupportRR
Advisory SupportRS
Dealing TrainingSR
Acquisition TrainingSR
Product TrainingRR

Compare Brokerage Charges of Karvy Franchise & Nirmal Bang Franchise

Brokerage Charges to ClientsKarvy FranchiseNirmal Bang Franchise
Equity Delivery0.10% – 0.30%0.2% or 20 paisa
Equity Intraday0.01% – 0.03%0.02% or 2 paisa
Equity Futures0.01% – 0.03%0.02% or 2 paisa
Equity OptionsRs.10 – Rs.30 per LotRs 35 Per Lot
Currency Futures0.01% – 0.03%0.02% or 2 paisa
Currency OptionsRs.10 – Rs.30 per LotRs 20 Per Lot
Commodity0.01% – 0.03%0.02% or 2 paisa

Karvy Partners & Nirmal Bang Partners Charges Comparison

Charges to ClientsKarvy FranchiseNirmal Bang Franchise
Demat AMCRs.500 per AnnumRs 200 (Pro Rata)
Trading AMCZeroZero
Account Opening ChargesZeroZero
Transaction Charges0.0000325Zero
Margin MoneyStarts with ZeroRs.10,000

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