Veracity Finance is a key player in the stock market with hundreds of Veracity Finance Sub Broker working under them across India.
Veracity Finance is comparatively new in this industry but in a few years of its journey, it has acquired a good repute. This article will focus on the different business models of the company including the Veracity Finance sub-brokers and other business partners. The article has also captured the structure of revenue sharing in the company with its partners. Apart from the business partners, this article has good information for the customers as well who are interested in making investments through this broker. It has articulated the brokerage plans, account opening charges and many more details that you would be interested in knowing before making any investment with the company.
Veracity Finance Franchise – Customer Ratings
Find below table to know Customer Ratings of Veracity Finance Sub Broker:
|Revenue Sharing Model||2.5/5|
For a stock broking company, customers and the clients are the main sources of income and most of the time only source of income. So, it is crucial that they are happy with the services of the company and Veracity Finance customer ratings suggests that the clients and the customers are more than happy with the company’s service and other aspects. The rating of 2.4 in the customer experience column says a lot about how the company executive deal with the customers and it can be assumed that they are pretty good with their job and handle clients diligently. The services of the company have also a rating of 2.4 which suggest that the company provides the services which the customers require and also they maintain the quality of their services. The products which have got a rating of 2.3 can be improved a little bit as it seems and so are the trading platforms which has a rating of 2.2.
If we talk about the business partners, they have rated the support they get from the company at 2.4 which seems a really good number. The revenue sharing structure is also liked by the partners and they are quite happy with the same as it seems from the 2.5 rating. The amount of security deposit the partners have to invest may be bothering them a bit thus the rating of 2.2. However, the offers of the company to the business partners must be lucrative enough to fetch a rating of 2.4. Market share of the company has been rated at 2.3 which makes the overall rating of the company 2.4 which is a fair rating.
Overview of Veracity Finance Franchise / Sub Broker
Details about Veracity Finance Franchise is given in the below table:
|Broker type||Full Service Broker|
|Founder||Pramit Bharatkumar Brahmbhatt|
|SB Code Activation Time||28 Days|
|Payout Time||3-4 Weeks|
The Veracity Finance was established in the year 2012 which is just 6 years back as a private enterprise in the city of Gujrat, Ahmedabad. The headquarters of the company is in this city but it has branches in other cities and places as well. The company’s founder Pramit Bharatkumar Brahmbhatt started and running this company as a full-service brokerage company which has a lot of sub-brokers and other business partners working under it. The usual time for sub-brokers code activation is around 28 days. The timing the company takes to pay the partners which are known as the payout time is 3-4 weeks in Veracity Finance.
Become a Sub Broker with Veracity Finance – Just Fill up the form
Compare Sub Broker Franchise
Veracity Finance Sub Broker – Business Models
Find below table for details:
Veracity Finance provide sub-brokership to individuals and entities who want to work along with them. The Veracity Finance Sub Brokers business model is described below –
Veracity Finance Sub Broker / Authorised Person Model
The Veracity Finance business models are of two kinds which are –
Sub-brokership model: This model is one of the most common forms of the business model in the industry. Veracity Finance sub-brokership model is based on the clients the sub-brokers acquire by themselves and then pitch and sell products and services to them. The revenue generated by the sub-brokers for the company is shared with them according to a particular ratio.
Veracity Finance Referral Program
These are the business partners who can just refer anyone who is interested in making the investment through a broker in the share market. So, if the person who is referred to the company buys Veracity Finance’s products and services, the person (business partner) who has made the referral gets a portion of the revenue or a flat amount on every referral.
Veracity Finance Sub Broker Commission / Revenue Sharing
Find below table to know Veracity Finance Franchise Commission Models and Revenue Sharing Models:
|Sub Broker||60% – 80%|
According to the revenue sharing models of Veracity Finance which is dependent on the amount of security deposit the sub-brokers keep with the company starts from 60%. This is the minimum percentage of sub-brokers get on generating revenue for the company. This is a percentage of the revenue he has generated only. So, for instance, he made a sale worth Rs. 5000, he gets 60% of this revenue which is Rs. 3000. Similarly, the maximum amount can go up to 80% of the revenue if the sub-broker keeps the highest amount of deposit.
For the referral program candidates, they get a flat 10% of the revenue for the referral they make.
Check Revenue Sharing Models of other Stock Broking Franchise
Veracity Finance Franchise Cost / Security Deposit
Below Tables gives a good understanding of Veracity Finance Franchise Cost:
|Sub Broker||Rs.50,000 – Rs.250,000|
As we have discussed the security deposit in the last section, it is the amount that the business partners here sub-brokers have to keep with the company to start the business. The amount starts from Rs. 50000 and the maximum amount can be up to Rs. 250000. So, a sub-broker can invest any amount within this bracket. According to the amount he invests, this revenue share will be decided.
For the referral program partners, there is no such security deposit or investment to be made as this is a no-investment business model.
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Veracity Finance Partner Infrastructure Requirement
Check the table to know Veracity Finance Partner Infrastructure Requirement:
|Office Area||Minimum 120 Sq Ft|
|Employee Strength||Minimum 1|
The business partners must adhere to the eligibility criteria of the company which are as follows –
- The office area must be equal to or more than 120 square feet
- There must be at least one employee working in the office
- The trading terminals must be present in the office
Veracity Finance Sub Broker Offers
Find below various The Veracity Finance Sub Broker Offers:
|10k Initial Deposit||No|
|Flexible Revenue Sharing||Yes|
|Flat Revenue Sharing||No|
|Zero Revenue Sharing with Prepaid||Yes|
The Veracity Finance offers are-
- High earning potential from the sub-brokership model
- Highly flexible revenue sharing process
- The partners get support and training from the company
- They are entitled to receive the whole of the revenue in case of an advance payment or prepayment
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Veracity Finance Franchise Support
Below table consist of various support provided by Veracity Finance Authorised Person program:
Veracity Finance provides different types of supports to the sub-brokers and the partners who are associated with the company to expand the business for both. The back-office support is provided on day to day basis whenever the partners get stuck with something. Apart from this, the company provides advisory support to the partners to advise the best to the clients and the customers. The training provided by the company if for dealing and acquisition of the clients and customers. This not only helps the partners to acquire more clients but also the business to grow for the company as well as for the partners.
Veracity Finance Authorised Person – Brokerage Charges to Clients
The table gives proper information of Veracity Finance Brokerage charges levied to its Franchise Clients:
|Equity Options||Rs.35 per Lot|
|Currency Options||Rs.35 per Lot|
Veracity Finance brokerage plan has 0.35% charges on equity delivery segment, 0.04% on equity intraday, futures, and commodities. For the equity and currency options segment, the rate is fixed at Rs. 35 per lot.
Veracity Finance Partner – Account Opening Charges to Clients
The table gives proper information of Veracity Finance Account opening charges levied to its Franchise Clients:
|Demat AMC||Rs.350 per Annum|
|Account Opening Charges||Zero|
|Margin Money||Minimum Rs.5,000|
The account opening charges of Veracity Finance is nil that is opening account is free with this company. The only charge you have to pay is the annual maintenance charges of Rs. 350 for the Demat maintenance. The margin requirement is only Rs. 5000 and the transaction charges are 0.00315% for every transaction.
Benefits of Veracity Finance Partner Program
The Veracity Finance Sub-brokers program is beneficial for the sub-brokers as –
- Nominal brokerage charges
- Low margin requirement
- Variety of investment options
- Good customer support
Become a Sub Broker with Veracity Finance – Just Fill up the form
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