JM Financial Sub Broker / Franchise / Authorised Person / Partner Review

JM Financial Sub Broker Program is quite old & well know among the broking business. In this Article, we will learn in detail about JM Financial Franchise, its revenue sharing, security deposit, offers & more.

JM Financial Sub BrokerJM Financial is one of India’s best financial services groups.  JM Financial has been listed for The Outperformers and India’s Largest Corporations Fortune India MagazineTop500 on List of Wealth Creators.

They have hugely diversified their business in many other sectors. They maintain a huge client base on any part of India by strategies and transactions


JM Financial Franchise – Customer Ratings

Find below table to know Customer Ratings of JM Financial Sub Broker:

Customer Ratings
Experience2.9/5
Services2.8/5
Products2.8/5
Trading Platforms2.9/5
Support3.1/5
Revenue Sharing Model2.9/5
Security Deposit3.0/5
Offers2.7/5
Market Share2.8/5
Overll Ratings2.9/5
Star Ratings★★★★★

JM Financial Capital Sub Broker has good Customer Ratings. It is rated 2.9 out of 5 on the basis of Experience, Services, and Support etc.

But they can still improve a few areas which will make them better.


Overview of JM Financial Franchise

Details about JM Financial Franchise is given in the below table:

Overview
Company TypePublic
Broker typeFull Service Broker
HeadquartersMumbai, Maharashtra
FounderNimesh Kampani
Established Year1986
SB Code Activation Time20 Days
Payout Time40 Days

JM Financial Capital is a Public entity company. JM Financial script is listed in NSE and BSE. It is founded by Nimesh Kampani in 1986. Its headquarter is in Mumbai, Maharashtra.

JM Financial Capital provide full service as broker and enable to trade on NCE, BSE, MCX & NCDEX.

It takes 20 days for SB Code Activation and 40 Days for Payout.

They have many branches all over India and have more than 80000 clients. They provide good customer support and good quality research tips to their clients.


Become a Sub Broker with JM Financial – Just Fill up the form

Become a Sub Broker
  1. Become Sub BrokerOpen Demat Account


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JM Financial Sub Broker – Business Models

Find below table for details:

Business Models
Master FranchiseYes
Sub BrokerYes
RemisierNo
Referral ProgramNo

JM Financial Securities Sub Broker has a business model to expand their business and also enable others to business by following:

  • Master Franchise
  • Sub Broker

JM Financial Master Franchise Model

In Master Franchise JM Financial gives the control of the franchising activities of specified territory to the Franchise. The operational effectiveness of Master Franchise, with its distinctly complex organizational form, benefits from increased growth rates of the sub-franchises.

JM Financial Sub Broker Model

JM Financial sub broker model allows using their brand name and all required supports.

A sub broker is a person who is registered with organization such as SEBI and is also affiliated as a member of a recognized stock exchange.


JM Financial Franchise Commission / Revenue Sharing

Find below table to know JM Financial Securities Franchise Commission Models and Revenue Sharing Models

Revenue Sharing
Master Franchise70% – 80%
Sub Broker50% – 70%
RemisierNA
Referral ProgramNA

For Franchise of JM Financial Securities, it is mandatory to follow Revenue Sharing Models

For Master Franchise it is required to revenue sharing of a minimum 70% to 80% depends on the client base.

To become a business partner as Sub Broker it is required to have revenue sharing of a minimum 50% to 70% depends on the client base or other factors.


JM Financial Securities Franchise Cost / Security Deposit

Below Tables gives a good understanding of JM Financial Securities Franchise Cost:

Security Deposit
Master FranchiseRs.300,000 – Rs.500,000
Sub BrokerRs.50,000 – Rs.300,000
RemisierNA
Referral ProgramNA

The Franchise Cost or the Security deposit you have to take franchise ownership or sub brokership of JM Financial Securities is elaborated here.

For Master Franchise under of JM Financial Securities, you need a smaller amount that starts from Rs. 300,000 and goes up to Rs. 500,000.

And for joining the business with JM Financial Securities as Sub Broker it is required to deposit minimum Rs. 50,000 to Rs. 300,000 depending on the client base

You have to keep this amount as a security deposit to start and carry on. Both the minimum and maximum range of the initial deposit can be negotiated.


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JM Financial Partner Infrastructure Requirement

Check the table to know JM Financial Capital Share Partner Infrastructure Requirement:

Infrastructure Requirement
Office AreaMinimum 300 Sq Ft
Employee StrengthMinimum 3
Research ServicesYes
Internet ConnectionYes
Trading TerminalsYes
Telephone LinesYes

The JM Financial Capital Share Franchise infrastructure requirement is as detailed below.

  • Office Area premises Minimum of 300 Sq Ft is mandatory
  • Minimum 3 employees are required on office
  • To provide Research Services that are provided by JM Financial Capital to clients
  • Internet Connection with high speed and Telephone Lines is mandatory for in the office.
  • JM Financial provides BlinkTrade Trading Terminals.

JM Financial Sub Broker Offers

Find below various The JM Financial Capital Share Sub Broker Offers:

Offers
Zero DepositNo
10k Initial DepositNo
Flexible Revenue SharingYes
Flat Revenue SharingNo
Zero Revenue Sharing with PrepaidYes

There are various offers available for the sub-brokers of JM Financial Capital Share which are as follow –

  • Low investment or zero deposit for the sub brokers is not allowed.
  • Rs. 10,000 initial deposit is not required.
  • There are various plans and schemes available that attracts clients.
  • Free research reports to the clients.
  • Sharing with prepaid with Zero Revenue is allowed.
  • Expert advice is available for the clients of the sub-brokers.
  • They allow flexible Revenue Sharing with clients.

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JM Financial Securities Franchise Support

Below table consist of various support provided by JM Financial Authorised Person program:

Support
Marketing SupportYes
Back-Office SupportYes
Trading SupportYes
Advisory SupportYes
Dealing TrainingNo
Acquisition TrainingNo
Product TrainingNo
  • JM Financial Securities suggests Franchise expand the business. Therefore they provide Marketing Support to Franchise.
  • They provide business opportunity to others by providing a trading terminal by providing BlinkTrade terminals.
  • JM Financial franchise program provides Back office support to expand the business of the franchise.
  • They provide Back Office Support by providing access to the terminal to retrieve the customer.
  • They provide Advisory Support by providing high-quality research they provide good research.

JM Financial Authorised Person – Brokerage Charges to Clients

The table gives proper information of JM Financial Brokerage charges levied to its Franchise Clients:

Brokerage Charges to Clients
Equity Delivery0.5% – 0.15%
Equity Intraday0.05% -0.015%
Equity Futures0.05% -0.015%
Equity OptionsRs.75 – Rs.20 per Lot
Currency Futures0.05% -0.015%
Currency OptionsRs.75 – Rs.20 per Lot
CommodityNA

As per the table, JM Financial Securities Franchise Brokerage Charges to Clients are average.

  • Brokerage Charges for Equity Delivery is 0.5% whereas charges for Equity Intraday is 0.15%
  • Brokerage Charges for Equity Futures is 0.05% whereas charges for Equity Futures is 0.015%
  • Charges for Equity Options and Currency Options are same i.e. Rs.75 – Rs.20 per Lot
  • Brokerage for Currency Futures is 0.05% -0.015% Equity Intraday is 0.05% -0.015%

JM Financial Partner – Account Opening Charges to Clients

The table gives proper information of JM Financial Account opening charges levied to its Franchise Clients:

Account Opening Charges to Clients
Demat AMCRs.299
Trading AMCFree
Account Opening ChargesRs.799
Transaction Charges0.00325%
Margin MoneyRs.15,000 Minimum
  • The JM Financial Securities, Demat Account opening charges are required Rs. 299 per annum for the clients for opening the Demat Account. The Trading account AMC is opened for free.
  • Charges to open account is as high as Rs.799
  • The transaction charges are 0.00325% and the minimum margin amount that the client has to maintain is Rs. 15,000.

Benefits of JM Financial Partner Program

As discussed, for doing above business with JM Financial Securities as Share Franchise or Sub broker ship is beneficial.

  • JM is one of the oldest and leading stock broking markets for financial services.
  •  It recommends its customers an enormous range of products and services.
  • The company is a good alternative for new investors due to its low-risk environment.
  •  Most of the JM’s businesses are focused on large investors which ultimately give small and medium-sized investors less opportunity.

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

Become a Sub Broker
  1. Become Sub BrokerOpen Demat Account


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