Grovalue Securities Sub Broker / Franchise / Authorised Person / Partner Review

Grovalue Securities is a key player in the stock market with hundreds of Grovalue Securities Sub Brokers working under them across India.

Top Business Model Sub Broker
Revenue Sharing 50% – 70%
Security Deposit Rs.50,000 – Rs.100,000
Become Sub Broker in 28 Days
Receive Payout in 30 Days
Founder Ankit Sethi
Established Year 2016

Grovalue Securities being a newbie in the share broking industry has acquired a place amongst the market players and investors. This article will focus on its journey till now and give you all the details about its functioning through the Grovalue Securities Sub Brokers, their business models, revenue sharing models for sub-brokers, and the Grovalue Securities Franchises and other partners.

This article will also provide you with intricate details of the customer’s experience of the company, the client’s brokerage plans, and other related charges applicable.

Grovalue Securities

Grovalue Securities Franchise – Customer Ratings

Find the below table to know the Customer Ratings of Grovalue Securities Sub Broker:

Experience 2.4/5
Services 2.4/5
Products 2.3/5
Trading Platforms 2.2/5
Support 2.4/5
Revenue Sharing Model 2.5/5
Security Deposit 2.2/5
Offers 2.4/5
Market Share 2.3/5
Overall Ratings 2.4/5
Star Ratings ★★★☆☆

The customer ratings of Grovalue Securities depict that the company is having a loyal customer base with a 2.4 rating on the customer experience column. The partners of the company are quite happy with the support provided by the company and the revenue-sharing procedure as the ratings are 2.4 and 2.5 respectively.

The clients also seem satisfied to a good extent with the services provided and the products sold as can be predicted with 2.4 and 2.3 ratings. The offers for the sub-brokers are well accepted as it seems from a 2.4 rating. All these numbers are genuine and have been collected after proper survey and scrutiny.

The overall customer rating of Grovalue Securities stands at 2.4 which is quite good.

Overview of Grovalue Securities Franchise / Sub Broker

Details about Grovalue Securities Franchise are given in the below table:

Company Type Private
Broker type Full Service Broker
Headquarters Mumbai, Maharashtra
Founder Ankit Sethi
Established Year 2016
SB Code Activation Time 28 Days
Payout Time 30 Days

Grovalue Securities Sub BrokerGrovalue Securities is a Private entity running its share brokerage business for the last 2 years from the year 2016.  In these 2 years, it has achieved hundreds of clients through its various partners.

It is a full-service broker which as it’s headquartered in Mumbai. In the financial capital of the country, Mr. Ankit Sethi founded this company which runs its business via sub-brokers, Franchises, and other partners.

The sub-broker’s code activation time is around 28 days which is one of the minima in the industry and the payout time is also less than 28 days.

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    Grovalue Securities Sub Broker – Business Models

    Find below table for details:

    Master Franchise Yes
    Sub Broker Yes
    Remisier No
    Referral Program Yes

    Grovalue Securities Sub Brokership

    Grovalue Securities provide a license to various sub-brokers who want to work under their name. They either have a clientele or can build one where they can sell the company’s products and services. The company will pay them a part of the revenue generated by the sub-brokers only. In this business model, there is no monopoly practice and there can be any number of sub-brokers of Grovalue Securities in one area.

    Grovalue Securities Referral Program

    This is one of the simplest forms of partnering with Grovalue Securities as there is no investment involved in this business model. Any person can enroll in this program and can refer anybody who will be interested in buying the products or services of the company. The company will pay either a flat amount or a percentage of the revenue generated from the referral.

    Grovalue Securities Master Franchise

    According to these business models, Grovalue Securities allow a particular entity in one specific area to become its franchise and run the share broking business under its name. This is a monopoly business where no other franchise can be formed in that locality or the area specified. The entity has to acquire its own customers and generate revenue by selling products and services of Grovalue Securities.

    Grovalue Securities Sub Broker Commission / Revenue Sharing

    Find below table to know Grovalue Securities Securities Franchise Commission Models and Revenue Sharing Models:

    Master Franchise 75% – 85%
    Sub Broker 50% – 70%
    Remisier NA
    Referral Program 15%

    The amount of revenue earned by each of the partners is dependent on the amount of security deposit they keep. The exception is only the referral program partners.

    So, for the Master Franchises, the revenue they can earn is within 75% to 85% of the revenue generated. The percentage will vary according to the amount of investment they have made in the franchise building.

    Sub-brokers also get paid in a similar fashion where the minimum revenue they can earn on a sale is 50% while the maximum can be 70%.

    The Referral program candidates earn 15% flat on every sale their referred person makes.

    Check out Revenue Sharing of other Sub Brokers

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    ICICI Direct Sub Broker Motilal Oswal Sub Broker Profitmart Sub Broker
    IIFL Sub Broker Nirmal Bang Sub Broker Sharekhan Sub Broker

    Grovalue Securities Franchise Cost / Security Deposit

    The below Tables gives a good understanding of Grovalue Securities Securities Franchise Cost:

    Master Franchise Rs.200,000 – Rs.500,000
    Sub Broker Rs.50,000 – Rs.100,000
    Remisier NA
    Referral Program Zero

    As mentioned above, the Referral program candidates need not pay any deposit or make any investment to start the business. Apart from them, the Grovalue Securities security deposit for the sub-brokers starts from Rs. 50000, while the maximum one can keep, is Rs. 100000.

    The master franchises have to invest at least Rs. 200000 to get permission to start their business and they can also invest up to Rs. 500000 according to their requirement and needs.

    Here are Security Deposit info of other Stock Broking Franchise

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    Grovalue Securities Partner Infrastructure Requirement

    Check the table to know Grovalue Securities Partner Infrastructure Requirement:

    Office Area Minimum 200 Sq Ft
    Employee Strength Minimum 3
    Research Services Yes
    Internet Connection Yes
    Trading Terminals No
    Telephone Lines Yes

    The Grovalue Securities infrastructure requirements which are regarded as the eligibility criteria for the partners are as follows –

    • The office of the partner must be large and at least have 200 square feet of area in it.
    • The office must keep three employees.
    • Research services must be provided so that the clients get the best information
    • The telephone lines and the internet connection is mandatory in these offices.

    Grovalue Securities Sub Broker Offers

    Find below various The Grovalue Securities Capital Share Sub Broker Offers:

    Zero Deposit Yes
    10k Initial Deposit No
    Flexible Revenue Sharing Yes
    Flat Revenue Sharing No
    Zero Revenue Sharing with Prepaid No

    The Grovalue Securities offers –

    • Low investment sub-brokership and Franchise business
    • They offer Zero Deposit business model as well
    • The earning potential is quite high and revenue can be shared according to the partner’s advantage.
    • The company provides support and research services.

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    Grovalue Securities Franchise Support

    The below table consists of various support provided by the Grovalue Securities Authorised Person program:

    Marketing Support Yes
    Back-Office Support Yes
    Trading Support Yes
    Advisory Support No
    Dealing Training No
    Acquisition Training Yes
    Product Training Yes

    Grovalue Securities provides marketing support for its partners so that their business gets popular as well as the products and services. The back-office and trading support is also provided by the company to the partners of the company. The company trains the partner associations and their members about the products and also about acquisition techniques.

    Grovalue Securities Authorised Person – Brokerage Charges to Clients

    The table gives proper information on Grovalue Securities Brokerage charges levied to its Franchise Clients:

    Equity Delivery 0.25% – 0.55%
    Equity Intraday 0.025% – 0.055%
    Equity Futures 0.025% – 0.055%
    Equity Options Rs.25 – Rs.55 per Lot
    Currency Futures 0.02% – 0.05%
    Currency Options Rs.25 – Rs.55 per Lot
    Commodity 0.02% – 0.05%

    The brokerage charges of Grovalue Securities are different for the different asset classes. For equity deliver, they charge 0.25% and it can go up to 0.55%. The options (equity) have been tagged with Rs. 25 to Rs. 55 charges per lot.

    For the currency options, the charges are between Rs. 25 and Rs. 55 only on per lot basis.

    Grovalue Securities Partner – Account Opening Charges to Clients

    The table gives proper information on Grovalue Securities Account opening charges levied to its Franchise Clients:

    Demat AMC Rs.600 per Annum
    Trading AMC Free
    Account Opening Charges Rs.250
    Transaction Charges 0.00320%
    Margin Money Minimum Rs.15,000

    The Grovalue Securities account opening charges are Rs. 250 which is quite nominal. The trading account is maintained every year free of cost while the annual maintenance charge for the Demat account is Rs. 600. The investor or the client must keep Rs. 15000 for starting trading in your terminal. The transaction charge rate is 0.00320%.

    Benefits of the Grovalue Securities Partner Program

    The Grovalue Securities Sub-brokers program is beneficial for the sub-brokers as –

    • The transparent and flexible revenue-sharing models are beneficial for the sub-brokers and other partners of the company.
    • The new company is well advanced in their technologies.
    • The friendly and supportive customer care helps the partners and the customer both.

    Become a Sub Broker with Grovalue Securities – Just Fill up the form

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