The SMC Sub-broker program has been in the market for a substantial time, which has allowed the company to become one of the reputable franchise broking houses. The company has over 3000 franchise all over the country. SMC is one of the specific institutes that believe in the significance of creating an identity, hence the company focuses on its franchise business in all aspects. The company’s sub-broker or franchise program has a competitive revenue model that offers a commission within 30% to 60% .
The factors that affect the revenue percentage are the amount of margin deposited by the sub-broker, the sub-broker, credit turnover among others. Their business model is dynamic and the sub-broker earnings begin with INR 50, 000 a month. Though the margin money requirements are not explicit, from a general perspective, the amount may begin with INR 50,000. The deposit is intended to secure any possible defaults or damages made by the side of the sub-broker. They require infrastructural investment consisting of the amount spent on front office space, telephone connections and workstations.
The sub-broker offerings at SMC include,
- A flexible revenue-sharing model
- Front-office set-up assistance
- Margin money wave-off
- Availability of extensive offers for trading and DEMAT accounts.
- Higher credit period
- Enhanced credit limits.