Fully-fledged, full service stock brokers, AK Stockmart managed to set up a pretty good range of AK Stockmart Sub Broker they rely upon, for the execution of expansion and growth. Find everything you need to know about the AK Stockmart Franchise program of the company, in this context.
| Summary | |
| Top Business Model | Sub Broker |
| Revenue Sharing | 60% – 75% |
| Security Deposit | Rs.50,000 – Rs.200,000 |
| Become Sub Broker in | 31 Days |
| Receive Payout in | 33 Days |
| Founder | Aditi Mittal, Ankit Gajanand Gupta |
| Established Year | 2006 |
Established in the year 2006, by the founders Aditi Mittal, and Ankit Gajanand Gupta. The company has stood up to the expectation their clients have of them. Being on the verge of expansion, the company offers one of the most sought-after business models, AK Stockmart.
Feeding on to your information need about this company, we have made sure to keep up with as much as we could.
AK Stockmart Franchise – Customer Ratings
Ratings give a rough idea of how well or how bad something is performing. Refer to the below-mentioned table for the rating of AK Stockmart Sub Broker.
| Customer Ratings | |
| Experience | 2.7/5 |
| Services | 2.6/5 |
| Products | 2.7/5 |
| Trading Platforms | 2.6/5 |
| Support | 2.6/5 |
| Revenue Sharing Model | 2.4/5 |
| Security Deposit | 2.7/5 |
| Offers | 2.6/5 |
| Market Share | 2.5/5 |
| Overall Ratings | 2.6/5 |
| Star Ratings | ★★★☆☆ |
Considering the statistics mentioned in the above table here is what anyone can draw. An overall rating of 2.6 lies in between two spectrums, i.e. the good side and the bad side. One may consider the AK Stockmart Franchise Customer Rating experience to be average in nature.
There are 3 most praised and loved aspects of the company with the highest rating of 2.7 stars. The loved aspects are the experience it provides to the customers, the products offered, and the amount of security deposit demanded from the sub-brokers. Customers show a neutral reaction to the company and so do the sub-brokers.
Overview of AK Stockmart Franchise / Sub Broker
Opt for AK Stockmart Frachise, after you know of the company, to pitch in a profitable deal.
| AK Stockmart Overview | |
| Company Type | Private |
| Broker type | Full Service Broker |
| Headquarters | Mumbai |
| Founder | Aditi Mittal,Ankit Gajanand Gupta |
| Established Year | 2006 |
| SB Code Activation Time | 31 Days |
| Payout Time | 33 Days |
Full-service stock brokers are the traditional brokers of the market, unlike discount brokers. Establishment of the company AK Stockmart was formed in the year 2006, as a full services stock broker. The contribution of the founders Aditi Mittal, and Ankit Gajanand Gupta has led the company ahead of time, and to the place, it now is at.
Sub-brokers have been a major arm of the company, as it has been successfully creating sub brokers amalgamations. The SB Code Activation Time consumption is 31 days, while the payout time for the same is set to be at 33 Days.
Become a Sub Broker with AK Stockmart – Just Fill up the form
Compare Sub Broker Franchise
AK Stockmart Sub Broker – Business Models
In order to become an AK Stockmart Sub Broker, one has to know the models offered by the company.
| Business Models | |
| Master Franchise | No |
| Sub Broker | Yes |
| Remisier | No |
| Referral Program | No |
There is only one of the sub broker models, among the four basic and generally found models, provided by the company and it is the AK Stockmart Sub Brokership. Having its personal set of reasons, the company does not provide any other kind of programs.
AK Stockmart Sub Broker / Authorised Person Model
This program is basically open for small business firms and entities, which are looking out for businesses to invest in. If they choose to invest in this business program, they will have found a readymade business model, which is assured to bear profits to the firm, as the franchiser pays a fair share of attention.
Franchiser, i.e. the stock broking company delegates the process of selling the products and services, where the entities use it to gain their personal customer base. They can sell the products and services also to the existing clients they have.
AK Stockmart Sub broker Commission / Revenue Sharing
Revenue is the prime consideration of firms to choose the franchiser, and here is the AK Stockmart Revenue Sharing model.
| Revenue Sharing | |
| Master Franchise | NA |
| Sub Broker | 60% – 75% |
| Remisier | NA |
| Referral Program | NA |
Offering the only sub broker model in the program, the above table has only the information related to it. The profit-sharing percentage is not fixed, as is the security deposit not fixed. These changes are as per the deposit made to the company or even other factors, which will be conveyed by the company.
For a minimum assured percentage, the sub-brokers will be able to earn up to 60%. Whereas, the maximum extent of profit percentage they can avail for is 75%.
Check out Revenue Sharing of other Sub Brokers
AK Stockmart Franchise Cost / Security Deposit
Keep up with the AK Stockmart Franchise Cost, as you would need to arrange it in order to avail for it.
| Security Deposit | |
| Master Franchise | NA |
| Sub Broker | Rs.50,000 – Rs.200,000 |
| Remisier | NA |
| Referral Program | NA |
The table features the Security Deposit required by the company AK Stockmart, for the only sub-broker program it offers. The amount to be paid ranges between Rs.50,000 – Rs.200,000. Personal negotiation can be formed with the company, where the amount should be in between the prescribed amount.
Here are Security Deposit info of other Stock Broking Franchise
AK Stockmart Partner Infrastructure Requirement
For the Sub broker program the company offers, there is a requirement as mentioned below, mostly referred to as AK Stockmart Partner Infrastructure Requirement.
| Infrastructure Requirement | |
| Office Area | Minimum 200 Sq Ft |
| Employee Strength | Minimum 2 |
| Research Services | Yes |
| Internet Connection | Yes |
| Trading Terminals | Yes |
| Telephone Lines | No |
Certain criteria are set by the company AK Stockmart and have to be met in order to make it to their sub-broker.
- The first criterion is an official requirement of a Minimum of 200 Sq Ft area, the company will not accept a broker with anything lesser.
- The office’s member strength must also be 2 or more than that.
- On the final note, the sub-brokers also need to have sufficient provisions for research services, internet connection, and trading terminals.
AK Stockmart Sub Broker Offers
Sub brokers need a reason to choose a particular stock broking company as their partner, and AK Stockmart Sub Broker Offers is the reason to go for this company. They are listed below.
| Offers | |
| Zero Deposit | No |
| 10k Initial Deposit | No |
| Flexible Revenue Sharing | Yes |
| Flat Revenue Sharing | No |
| Zero Revenue Sharing with Prepaid | Yes |
So, among the diverse set of benefits and offers which can be provided to the sub-brokers, AK Stockmart provides a total of two offers.
Initially, the revenue-sharing model is flexible which lets the sub-brokers choose the percentage of revenue they wish to hold, all by themselves. The secondary offer provided is the Zero Revenue Sharing with Prepaid.
Check out other companies Sub Broker Offers
AK Stockmart Franchise Support
High-end companies generally provide all kinds of support to their sub-brokers, here is the AK Stockmart Franchise Support.
| Support | |
| Marketing Support | Yes |
| Back-Office Support | Yes |
| Trading Support | No |
| Advisory Support | No |
| Dealing Training | Yes |
| Acquisition Training | No |
| Product Training | Yes |
Revenue is generally the greatest of all perks the company provides to its sub-brokers. But, it also provides a host of other services, to let the sub-brokers excel, as they would represent the company in the future.
Through a fully-fledged support system that is not provided by the company, AK Stockmart provides basic support. It constitutes marketing support, and back office support to the sub-broker. The list of support goes on, as the franchiser also supports dealing training and product training, to help the sub brokers gain on clients.
AK Stockmart Authorised Person – Brokerage Charges to Clients
Investing in the instruments of the company comes with an obligation to pay AK Stockmart brokerage charges. Look out for the percentage, as per the instrument provided.
| Brokerage Charges to Clients | |
| Equity Delivery | 0.20% |
| Equity Intraday | 0.02% |
| Equity Futures | 0.02% |
| Equity Options | Rs.25 per Lot |
| Currency Futures | 0.02% |
| Currency Options | Rs.15 per Lot |
| Commodity | 0.02% |
Charges are quite low, for a quick overall analysis, and here is what and how much the clients will be paying to a sub-broker.
- Equity Intraday, Equity Futures, Currency Futures, and Commodity, are all instruments that need the same fixed amount of brokerage which is 0.02%.
- Availing for Equity Delivery, a client will have to push over 0.20%, of the profit margin, to the company.
- Equity Options choice will require a fee of Rs.25 per Lot, whereas the Currency Options will require a fee of Rs.15 per Lot.
AK Stockmart Partner – Account Opening Charges to Clients
In the course of getting an account, a client has to pay AK Stockmart Account Opening Charges, which are as under.
| Account Opening Charges to Clients | |
| Demat AMC | Percentage of Transaction |
| Trading AMC | Rs.400 per Annum |
| Account Opening Charges | Free |
| Transaction Charges | 0.00275% |
| Margin Money | Zero Margin |
Breaking the general way of doing business, the company has designated no Account opening charges to be paid by the client. This is unlike any other brokerage houses, which demand a fee. Moving on to the margin money, the company has yet again broken the norms, by providing no margin requirement.
As of the AMC, for the Demat, the charge is Percentage of Transaction, while for the trading; the charge is Rs.400 per Annum. Also, a transactional charge is to be paid by the client for each transaction carried out, and it stands to be 0.00275%.
Benefits of AK Stockmart Partner Program
Customers will not only be benefitted from the program, as the AK Stockmart Partner Program benefits is proportionately shared by sub-brokers and clients.
- Customers are provided with the perk of opening an account free of charge, and also no regulation or barrier on the margin money maintenance
- Sub brokers are provided with a lot of support systems, where carrying forward the business would become easy and relaxing.
- Brokerage fees to be paid by the customers are low, as a result of which they are attractive and in demand. This increases the chance of earning new clients for the sub-brokers.
- The revenue sharing model is as well flexible, which encourages the sub-brokers to choose the percentage they are willing to or can handle.
Become a Sub Broker with AK Stockmart – Just Fill up the form
Find detailed review of other Sub Broker Franchise
Important Articles