C M Goenka Sub Broker / Franchise / Authorised Person / Partner Review

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 Stock Sub Broker

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.

  • Equity-Capital Market
  • Futures & Options
  • Currency Derivatives
  • Interest Rate Futures
  • Securities Lending & Borrowing (SLB)
  • CDSL Depository / Demat Services
  • Mutual Funds / MFSS / BSE STAR
  • IPO / OFS
  • Insurance (Life / Health)
  • Bonds / Fixed Deposits
  • Online Mobile Trading
  • Online Back-Office

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.

Experience2.5/5
Services2.6/5
Products2.5/5
Trading Platforms2.4/5
Support2.6/5
Revenue Sharing Model2.4/5
Security Deposit2.3/5
Offers2.5/5
Market Share2.4/5
Overll Ratings2.5/5
Star Ratings★★★☆☆

Customer ratings for C M Goenka franchisee indicates good. The overall rating is 2.5 out of 5. Can be attempted for franchisee and there services. They are expert in providing customer care support and the services they provide. Franchises are unsatisfied for higher security deposit and their low market share. Customers often complain for slow performance of the trading platform.


About C M Goenka Stock Franchise

Details about C M Goenka Franchise is given in the below table:

Company TypePrivate
Broker typeFull Service Broker
HeadquartersJaipur, Rajasthan
FounderKapil Goenka
Established Year1970
SB Code Activation Time25 Days
Payout Time4-5 Weeks

C M Goenka broker is a privately owned by Goenka Stock Brokers on 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 inter-mediation other than insurance and pension funding.

C M Goenka securities have enormous customer base in Jaipur, Rajasthan.

It is a full service broker and serves high range of services to customers.

They offer mobile Trading and also web trading facility to their customers.

For activating SB Code it takes 25 days and 4-5 weeks of time for payout.


Become a Sub Broker with C M Goenka Stock – Just Fill up the form

Become a Sub Broker
  1. Become Sub BrokerOpen Demat Account


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C M Goenka Stock Sub Broker – Business Models

The table below CM Goenka securities business model is discussed.

Master FranchiseNo
Sub BrokerYes
RemisierNo
Referral ProgramYes

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.

Master FranchiseNA
Sub Broker50% – 75%
RemisierNA
Referral ProgramRs.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.Franchise has 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 Referral program it is offer revenue sharing of3 000 per refer.

C M Goenka Stock Franchise Cost / Security Deposit

Below security deposit for Franchise is detailed:

Master FranchiseNA
Sub BrokerRs.50,000 – Rs.100,000
RemisierNA
Referral ProgramZero

Security Depositis frequent practice during the course of partnership between C M Goenka Securities and a prospective franchisee. It is oblige for the franchisee to make payment of a deposit which led next step of signing the franchise agreement, and the purpose for which it is to be applied.

Sub Broker has to make security deposit of minimumRs.50,000 to Rs.100,000. The vary of amount depends of 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 AreaMinimum 150 Sq Ft
Employee StrengthMinimum 1
Research ServicesYes
Internet ConnectionNo
Trading TerminalsYes
Telephone LinesNo

Infrastructure arrangements are useful for any business that necessitates highly-skilled workers and basic services requirement to get started.

  • C M Goenka franchisee has to maintain Infrastructure as per guideline provided.
  • Franchisee shall maintain the office area of at least 150 Sq Ft.
  • Employee strength in office should be at least One, so can handle customers.
  • Research services are mandatory by providing trading tips and calls to customers.
  • 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

Zero DepositYes
10k Initial DepositNo
Flexible Revenue SharingYes
Flat Revenue SharingNo
Zero Revenue Sharing with PrepaidNo
  • 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 of 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

Marketing SupportNo
Back-Office SupportYes
Trading SupportYes
Advisory SupportYes
Dealing TrainingYes
Acquisition TrainingNo
Product TrainingNo

 

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 of a franchise.

Provide operational excellence by advisory support, which help to perform quickly and correctly every time.

CM Goenka stock broker provides cost effective back office solutions which 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 Delivery0.30%
Equity Intraday0.03%
Equity Futures0.03%
Equity Options Rs.30 per Lot
Currency Futures0.03%
Currency OptionsRs.10 per Lot
CommodityNA
  • CM Gocharge a 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 AMCRs.399 per Annum
Trading AMCFree
Account Opening ChargesRs.250
Transaction Charges0.00325%
Margin MoneyMinimum 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 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
  • C M Goenka securities offer the independence of small business ownership supported by the settlement of a big business network.
  • Sub broker don’t necessarily need business experience to run a franchise.
  • C M Goenka provides the training that is require 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

Become a Sub Broker
  1. Become Sub BrokerOpen Demat Account


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