C.M. Goenka Stock Brokers Private Limited is a key player in the stock market with hundreds of C.M. Goenka Sub Broker working under them across India.
C.M. Goenka group is providing a bucket of products & services suitable to all kinds of investors.
C.M. Goenka Stock Brokers Pvt. Ltd. has been awarded as:
“Business Excellence for Financial Services in Rajasthan” in July 2013.
Use this article we have mentioned all details of franchise, sub broker, authorized person and review by partners.
C M Goenka Stock Sub Broker – Customer Ratings
Review all C M Goenka Sub Broker details below.
|Revenue Sharing Model||2.4/5|
Customer ratings for the C M Goenka franchisee indicate good. The overall rating is 2.5 out of 5. It can be attempted for the franchise and their services.
They are experts in providing customer care support and the services they provide. Franchises are unsatisfied with a higher security deposit and their low market share. Customers often complain about the slow performance of the trading platform.
About C M Goenka Stock Franchise
Details about C M Goenka Franchise is given in the below table:
|Broker type||Full Service Broker|
|SB Code Activation Time||25 Days|
|Payout Time||4-5 Weeks|
C M Goenka broker is privately owned by Goenka Stock Brokers in 1970. Director of C.M. Goenka Stock Brokers Private Limited is Kapil Goenka,
The enterprise is a private company. It is a Non-government company and is registered in the Jaipur Company Registrar. This Group includes services of financial intermediation other than insurance and pension funding.
C M Goenka securities have an enormous customer base in Jaipur, Rajasthan. It is a full service broker and serves a high range of services to customers. They offer mobile Trading and also a web trading facility to their customers.
For activating SB Code it takes 25 days and 4-5 weeks of time for a payout.
Become a Sub Broker with C M Goenka Stock – Just Fill up the form
Compare Sub Broker Franchise
C M Goenka Stock Sub Broker – Business Models
The table below CM Goenka securities business model is discussed.
CM Goenka securities give a business method for working together, progressing direction, frameworks and help with the return for an intermittent installment of charges and additionally buy.
CM Goenka franchisee business model is:
- Sub Broker
- Referral Program
C M Goenka Stock Franchise Commission Models / Revenue Sharing Models
Detailed models of income sharing below.
|Sub Broker||50% – 75%|
|Referral Program||Rs.3,000 per Refer|
Below Revenue Sharing Models is detailed:
C M Goenka Securities offer the independence of small business ownership supported by the benefits of service and product to business partner or franchisee. The franchise has a higher rate of success with less investment for any entrepreneur.
- Sub Broker partnership can be contracted by revenue sharing of commission 50% to 75%.
- Through the Referral program, it offers revenue sharing of Rs.3 000 per refer.
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C M Goenka Stock Franchise Cost / Security Deposit
Below security deposit for Franchise is detailed:
|Sub Broker||Rs.50,000 – Rs.100,000|
Security Deposit is frequent practice during the course of the partnership between C M Goenka Securities and a prospective franchisee. It is obliged for the franchise to make payment of a deposit which led to the next step of signing the franchise agreement, and the purpose for which it is to be applied.
Sub Broker has to make a security deposit of minimum Rs.50,000 to Rs.100,000. The varying amount depends on the range of client base and service agree to.
Franchise cost for referral program is free.
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C M Goenka Stock Partner Infrastructure Requirement
Infrastructure Partnership requirements are discussed below.
|Office Area||Minimum 150 SqFt|
|Employee Strength||Minimum 1|
Infrastructure arrangements are useful for any business that necessitates highly-skilled workers and basic services required to get started.
- C M Goenka franchisee has to maintain Infrastructure as per the guideline provided.
- Franchisee shall maintain the office area of at least 150 Sq Ft.
- Employee strength in the office should be at least One, so can handle customers.
- Research services are mandatory by providing trading tips and calls to customers.
- An Internet connection and telephone lines are not mandatory to maintain.
- Trading terminals i.e. online and mobile terminal should to arranged for customers.
C M Goenka Stock Sub Broker Offers
The following table discusses sub – broker offers
|10k Initial Deposit||No|
|Flexible Revenue Sharing||Yes|
|Flat Revenue Sharing||No|
|Zero Revenue Sharing with Prepaid||No|
- C M Goenka Securities guarantees zero deposit and frees cash since customer do not have to pay the expensive deposit.
- Initial Deposit of Rs 10,000 is not required.
- They allow using revenue sharing to implement flexible prices.
- Sharing zero income with pre-payment is not permitted.
- Flat fee model is not allowed to sub brokers.
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C M Goenka Stock Franchise Support
In the table support by CM Goenka are discussed
- Providing business support to franchisee is essential for C M Goenka securities.
- They invest their funds to do things that no single franchise could meet the expense of, like running advisory support, advertising, campaigns, etc.
- Franchise support to sub brokers conveys enough people through the door to make the business successful.
- CM Goenka securities provide back-office support to tailor the need for a franchise.
- Provide operational excellence by advisory support, which helps to perform quickly and correctly every time.
- CM Goenka stock broker provides cost-effective back office solutions that free up franchise business capacity so Sub broker can focus on the big picture.
C M Goenka Stock Franchise – Brokerage Charges to Clients
The following is discussed in Brokerage Charges to Clients:
|Equity Options||Rs.30 per Lot|
|Currency Options||Rs.10 per Lot|
They charge at fixed-rate, low commission per share or a set percent of trade value. Charges include all exchange and regulatory fees.
- Buy and sell stock within the same day trading of equity intraday are charged 0.03%. Trading on holding basis on equity delivery are charged 0.30%
- CM Goenka franchisee firm charge 0.03% for the equity and currency futures.
- For the equity options, the charge is flat Rs. 30 per lot
- Trading in currency options is charged Rs. 10 per lot.
C M Goenka Stock Sub Broker – Account Opening Charges to Clients
Opening fees are described in the table below.
|Demat AMC||Rs.399 per Annum|
|Account Opening Charges||Rs.250|
|Margin Money||Minimum Rs.15,000|
- The demat account for trading is charged Rs.399 per Annum.
- Trading charges for clients they charge are free.
- Account opening charges for clients is Rs. 250.
- They charge 0.00325% of the total amount as transaction charges. Transaction charges are charged on both sides of the trading and are the same for both intraday & delivery.
- A margin deposit of minimum Rs. 15,000 a trader needs to put up in order to open a leveraged trading position.
Benefits of C M Goenka Partner Program
The C M Goenka Sub-brokers program is beneficial for the sub-brokers as –
- Online Risk Monitor
- Modernized and Mechanized terminal
- Marketing & Brand support
- CM Goenka securities offer the independence of small business ownership supported by the settlement of a big business network.
- Sub-broker doesn’t necessarily need business experience to run a franchise.
- CM Goenka provides training that requires an operating business model.
- They have a recognized reputation and image, proven management and work practices.
Become a Sub Broker with C M Goenka – Just Fill up the form
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