Bonanza Capital is a household name in the finance market and one of India’s most entrusted names. The full-service stock brokerage house offers a various number of popular trading platforms in numerous segments.
The company started it’s journey in the year 1994 and since then the company has grown larger and spread its services in multiple trading platforms. Having their headquarters in Mumbai, the discount brokerage house currently have 1784 outlets in pan India and recognized as one of the most efficient private brokerage house providing full-service discount brokerage.
Bonanza Capital has been a member of different stock exchanges from the time it began. At present, they share memberships of NSE, BSE, MESI, NMCE, ICEX, MCX, etc. The brokerage house offers trading opportunities in multiple segments like Equity, Commodity, Currency, PMS, Mutual Funds, etc. One can get brokerage depending on the variety of transitions. The company offers a 65%-80% revenue sharing model to the sub-brokers or authorized partners with a minimal amount of security deposit.
Here, in this article, we would discuss how to become an authorized partner of Bonanza Capital or in other words Bonanza Capital Sub-broker program.
Bonanza Capital Sub-Broker Model| Franchise | Partner
Bonanza Capital has a very beneficial partnership program. It offers its partners/ sub-brokers an amazing opportunity to shine. Though they have been in the business for a long time the business sharing model is limited. Bonanza Capital currently offers a Sub-broker program to be associated with them. However, the program is customizable. The franchiser customizes the program based on the franchise.
Their main business model i.e. Sub-broker program is detailed discussed below.
Bonanza Capital Sub-Broker Program:
Bonanza Capital Sub-Broker program comes with all the facilities and privileges to embrace a successful business. The customizable policy based on the requirements of the interested person is probably the most attractive feature of the program.
To be a sub-broker of Bonanza Capital one does not need to have high infrastructure or eligibility. A person with dedication and a positive attitude to generate business is frankly what they ask for. As an establishment to become a partner of such a renowned name one needs to have a basic infrastructure with a working office and employees working under the person/franchise. Of course, a strong internet connection and the telephone connection is also necessary.
There is no huge amount of basic investment or initial security deposit required for joining in. One needs to deposit the minimum amount of INR 75,000/- at the time of beginning. The company proposes a dual opportunity for earning. What that means is you can earn initially by opening the customers’ account and again from the revenue generated. Bonanza Capital offers a 20%-70% sharing model.
Here is a basic outline for your convenience-
- The sub-broker model offers a revenue share percentage of 20%-70%
- The sub-broker structure has a minimum initial security deposit of 75,000Rs
- Payout structure received in 30days
- The dual opportunity of earnings at the time of accounting opening and then again on the trading of a customer
|Flexible Revenue Sharing||Available|
|Zero Deposit Scheme||Not Available|
|Initial Security Deposit Scheme||Available|
Bonanza Capital Partner| Sub-broker| Franchise Commission and Incentive – Revenue Sharing Model:
Bonanza Capital offers its partners or sub-brokers a flexible revenue sharing model to embrace their acknowledgements of the effort the partners put in. That’s why they make sure that the sub-brokers get a motivational payout.
Bonanza Capital offers a revenue-sharing model of 20%-70%. That means that the sub-broker can earn up to 70% of the revenue generated. Again the availability of dual-earning method is appreciated within the potential franchises/ authorizer persons.
There is no gigantic deposit amount to pay what so ever. Also, a security deposit of 75,000 minimum is required for joining. The only non-refundable investment one needs to do it for the DSA Set up.
|Details||Bonanza Capital Commission||Sub Broker Commission|
|Bonanza Capital Partner/Authorized Person||30%-80%||20%-70%|
Enrollment or Registration process – How to become a Partner/Sub Broker of Bonanza Capital?
If you want to be a partner of a renowned name that everyone trusts then all you need to do is to follow some simple steps. Here are the steps that you need to follow-
- Submit the form with all mandatory details available on the website
- An executive called about the interesting post and details will be made by team Bonanza Capital
- If selected further documents will need to be provided
- After that, a meeting with an authorized representative of Bonanza Capital will be held to discuss further
- After all the verification and work are done you are good to go
The whole process takes up to a time of 20-30 business days.
Documents Required For Bonanza Capital Partner/Sub-broker Registration:
To enroll as a sub-broker/ authorized person of Bonanza Capital one must have the below-mentioned documents-
- Adhar Card/ PAN card/ driving license/ Passport as in ID Proof
- PAN Card or Passport as in Age Proof
- Passport/Adhar Card/ Any Utility Bill/ Driving License as in Address Proof
- 4-5 copy of Passport-sized photograph
- A cancelled cheque for Bank Statement
- Proof of your already running business as in Infrastructure proof
- SEBI Registration Certificate
Eligibility Criteria of Sub Broker Ship, Franchise, Partner:
Though there are no major eligibility criteria to become a partner or franchisee of Bonanza Capital, like other companies, they also require some basic eligibility.
Of course, dedication and good linkage of the customer are required to generate business. Also, experience about the related field is always given better attention to. But if you don’t have any experience at all then Bonanza Capital mandates to have at least one year of experience in the financial realm before joining.
Other than all that one must be registered under SEBI or other Stock Exchanges. And also an already running business with DSA setup is mandatory.
Here is the guideline-
- At least one year experience in customer handling and financial product selling
- Basic infrastructure with tools and a working office
- SEBI Registration
- Valid KYC Documents
- Moderate Skills in customer services and CRM
Joining Cost/Fees of Sub Broker Ship, Franchise & Partner, and Bonanza Capital Authorized Person:
The best thing about Bonanza Capital sub-broker/ franchise/ authorized person program is that it does not require any enormous security deposit or initial investment at all. Unlike much other stockbroking company, Bonanza Capital works completely on trust over its Partners and sub-broker. Even only amount of INR 75,00/- deposit money needs to made by the franchise after continuing to be a part.
However, one needs to have some sort of investment in terms of infrastructure. The only investment you need to make is to have a working office with proper attending people and basic things like desktops, laptops, internet connections, etc.
Here is a table to further clarify-
|Details||Required Investment (Minimum)|
|Bonanza Capital Partner||INR 75,000/-|
Read Also: Bonanza Capital Margin Calculator Online
Bonanza Capital Sub Broker Advantages and Disadvantages:
Every business has its ups and downs and so does the stock market. But just like any other field, also here balance is the key to have perfect harmony and to generate the maximum revenue with good quality customer service.
Being one of India’s most promising brand in terms of stock market Bonanza Capitals offers numerous advantages like-
- Customized service to every customer who wants to be a part of this ever-growing family
- Regular training programs to polish the knowledge even more
- Dedicated research team to always provide the necessary data
- The integrity of the name that has been here since 1994, Bonanza Capital
- Always available support team for anything one needs
- Popular trading platforms in various segments
Bonanza Capital Sub-broker program is designed in a particular way to exclude any distress that may occur to the partners. However, the revenue sharing model of 20% sometimes appears to be a bit stiff for the sub-brokers.
In the end, to sum up we can say that Bonanza Capital is one of the most eminent names to opt for in the financial world and the world of the stock exchange. Bonanza Capital offers a percentage of up to 70% on revenue share with minimal amount investment and security deposit.
However, it always depends on the person interested to choose the best company to put their trust in.
Bonanza Capital Sub Broker FAQs:
Q. Why Choose Bonanza Capital?
- All-day long customer support system
- Cutting Edge technology with a dedicated research team
- Training Program held by the franchise without additional charges
- Exclusive NRI and HNI help desk for crucial client handling
Q. How Much Investment Is Needed To Be A Sub-Broker / Partner?
The minimum amount of INR 75,000/- security deposit is required to be an enrolled partner/sub-broker of Bonanza Capital
Q. What Is The Time Of The Whole Process?
To be a registered partner of Bonanza Capital takes nearly 20-30days to get fully completed.