SHCIL Services Sub Broker / Franchise / Authorised Person / Partner Review

SHCIL Services is a key player in the stock market with hundreds of SHCIL Services Sub Broker working under them across India.

Summary
Top Business ModelSub Broker
Revenue Sharing60% – 80%
Security DepositRs.50,000 – Rs.200,000
Become Sub Broker in30 Days
Receive Payout in35 Days
Founder SANJAY POTE
Established Year1995

SHCIL services is a renowned stockbroker which is a wholly owned subsidiary of Stock Holding Corporation of India. This article will focus on the different aspects of the company. In this article, you will find all the details related to the business models of the company.

It will also focus on the revenue sharing models and the cost or deposit requirement along with the eligibility criteria. The rest of the article will enlighten the customers about the different brokerage plans of the company.

So, if you want to know about SHCIL Services sub-brokers for joining as partners, this article is perfect for you and also for the customers who are planning to invest via the sub-brokers and other partners of the company.


SHCIL Services Franchise – Customer Ratings

Find below table to know Customer Ratings of SHCIL Services Sub Broker:

Experience2.6/5
Services2.2/5
Products2.3/5
Trading Platforms2.5/5
Support2.2/5
Revenue Sharing Model2.4/5
Security Deposit2.2/5
Offers2.3/5
Market Share2.1/5
Overall Ratings2.3/5
Star Ratings★★★☆☆

SHCIL Services customer ratings depict various aspects of the company’s work and culture. The company’s customer care executives or the partners must be very friendly as the customer experience column has a rating of 2.6. The services and the products comparatively might not be that attractive as they have a rating of 2.2 and 2.3 respectively.

The trading platforms, on the other hand, must be really advanced to get a rating of 2.5. The sub-brokers seems not that happy with the support they get and the amount of security deposit they have to keep as both have a rating of 2.2, but the revenue sharing model makes them happy to a certain extent as it has been rated at 2.4.

Overall the company has a rating of 2.3 which is a fair rating to run successfully in the industry.


Overview of SHCIL Services Franchise / Sub Broker

Details about SHCIL Services Franchise is given in the below table:

Company TypePublic
Broker typeFull Service Broker
HeadquartersGuntur, A.P
Founder SANJAY POTE
Established Year1995
SB Code Activation Time30 Days
Payout Time35 Days

SHCIL Services Sub BrokerIt is a public limited company as mentioned above that its parent company in Stock Holding Corporation of India. The company has it’s headquartered in Guntur and it was founded by Sanjay Pote.

The company was founded in the year 1995 and since then it is working as a full-service broker servicing all kind of investment requirements of the investors in the share market arena.

They have an array of sub-brokers, and for becoming one, the waiting time is 30 days that is the sub-brokers code activation time. The company pays the sub-brokers within 35 days that is the payout time.


Become a Sub Broker with SHCIL Services – Just Fill up the form

Become a Sub Broker
  1. Become Sub BrokerOpen Demat Account


Compare Sub Broker Franchise

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SHCIL Services Sub Broker – Business Models

Find below table for details:

Master FranchiseNo
Sub BrokerYes
RemisierYes
Referral ProgramNo

SHCIL Services Sub Brokership

Under this business model, there are sub-brokers working to form their customer base. They sell the products and services of the company to the customers acquired by themselves and then the revenue they generate, that is shared between the company and the sub-brokers.

SHCIL Services Remisier

They act as the agent of the company. They get leads from the market and from any other source that is the people from different places who are interested in making the investment and looking for a broker. Then the company tries to sell the products and services to the leads given by these agents. If the products and services are sold and earning are received then the Remisier (agents) get a part of that.


SHCIL Services Sub Broker Commission / Revenue Sharing

Find below table to know SHCIL Services Franchise Commission Models and Revenue Sharing Models:

Master FranchiseNA
Sub Broker60% – 80%
Remisier20%
Referral ProgramNA

The revenue sharing model of SHCIL Services is quite simple. For the sub-brokers, it depends on the amount of security deposit they have kept with the company. The company provides a minimum of 60% revenue to the sub-brokers. If the amount of security deposit is higher than the minimum amount, the revenue share also goes up accordingly and it can go up to 80%.

For the Remisier, the revenue sharing is flat and it is 20% per lead only if the business is generated from them.


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SHCIL Services Franchise Cost / Security Deposit

Below Tables gives a good understanding of SHCIL Services Franchise Cost:

Master FranchiseNA
Sub BrokerRs.50,000 – Rs.200,000
RemisierRs.20,000
Referral ProgramNA

So, we were talking about the security deposit in the last section, the security deposit the sub-brokers have to keep is Rs. 50000 as a minimum to start the business. For the maximum amount of revenue share, they can keep up to Rs. 200000 of deposit.

The Remisier, on the other hand, has a fixed amount to invest which is Rs. 20000.


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SHCIL Services Partner Infrastructure Requirement

Check the table to know SHCIL Services Partner Infrastructure Requirement:

Office AreaNot Mandatory
Employee StrengthNot Mandatory
Research ServicesYes
Internet ConnectionNo
Trading TerminalsNo
Telephone LinesYes

The eligibility criteria of SHCIL Services are –

  • Research services are mandatory in the partner’s office. The customers must get the chance to know about the investment vehicles or the products they are putting their money into.
  • The telephone lines in the office must be working
  • There is no specific amount of space you require in the office but it must be enough accommodating.
  • You may or may not keep employees but you have to be present to take care of the customers.

SHCIL Services Sub Broker Offers

Find below various The SHCIL Services Sub Broker Offers:

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

SHCIL Services offers are quite attractive for the sub-brokers and the remisiers –

  • They get the chance to start their share broking business within very low investment
  • Even with low capital, they get high earning opportunity
  • The zero deposit offer is also on the cards
  • Flexible revenue sharing is highly beneficial to the business partners

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SHCIL Services Franchise Support

Below table consist of various support provided by SHCIL Services Authorised Person program:

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

SHCIL Services supports sub-brokers and the Remisier by providing back-office help, advisory support. They also train them in dealing and acquisition. This eventually helps the partners in understanding the company’s work culture in a better way and then accordingly deal with the clients.


SHCIL Services Authorised Person – Brokerage Charges to Clients

The table gives proper information of SHCIL Services Brokerage charges levied to its Franchise Clients:

Equity Delivery0.1% – 0.2%
Equity Intraday0.01% – 0.02%
Equity Futures0.01% – 0.02%
Equity OptionsRs.10 – Rs.20 per Lot
Currency Futures0.01% – 0.02%
Currency OptionsRs.10 – Rs.20 per Lot
CommodityNA

Brokerage plans of SHCIL Services are flexible that is the rate for equity delivery transactions varies between 0.1% to 0.2%. While the currency futures, equity futures, and equity intraday transactions rate is within the range of 0.01% to 0.02%. For the options both equity and currency, the charge is Rs. 10 to Rs. 20 each lot.


SHCIL Services Partner – Account Opening Charges to Clients

The table gives proper information of SHCIL Services Account opening charges levied to its Franchise Clients:

Demat AMCRs.229 per Annum
Trading AMCFree
Account Opening ChargesRs.399
Transaction Charges0.00269%
Margin MoneyMinimum Rs.5,000

You have to pay Rs. 399 if you want to open an account with SHCIL Services. However, your trading will be maintained for free till the time you want to operate it. For the Demat account, you need to pay Rs. 229 every year.

The transactions are charged at 0.00269% which is a mandatory charge according to the rules and regulations of the government.

The money which customers have to keep in their trading account necessarily is known as margin money and SHCIL Services margin money requirement starts from Rs. 5000.


Benefits of SHCIL Services Partner Program

The SHCIL Services Sub-brokers program is beneficial for the sub-brokers as –

  • Exponential earning opportunity for the business partners
  • Friendly customer care executives
  • Flexible brokerage plan and nominal as well
  • Low margin money requirement

Become a Sub Broker with SHCIL Services – Just Fill up the form

Become a Sub Broker
  1. Become Sub BrokerOpen Demat Account


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