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Harsh Bharwani55 Answers  |Ask -

Entrepreneurship Expert - Answered on Oct 19, 2023

Asked on - Sep 09, 2023Translate

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Currently into kurti manufacturing which is not going fine. M 43 now. Wish to start stock broking franchise. Kindly suggest
Ans: To establish your sub-broker franchise in India, you must partner with a reputable stock brokerage company. Your role involves promoting and selling the company's financial products to clients.
To begin this venture, you must be a SEBI-registered subbroker and have completed the necessary examinations. Required documentation includes address proof, identity proof, educational certificates, and any mandatory initial payments such as initial deposits, registration fees, and security amounts which are refundable.
Sub-broker opportunities are open to various individuals, including students, working professionals, retirees, and homemakers. Understanding how the stock market operates and different investment options is essential.
To become a sub-broker, you must meet specific sub-broker eligibility criteria:
Completion of senior school education
Minimum age of 21
SEBI-authorized registration form
Education documents
National Institute of Securities Markets (NISM) Certification
Professional stock market experience certificate (if applicable)
A broker’s primary role is to help investors achieve favourable returns by introducing them to various investment products and the broker’s investment opportunities. brokers operate based on the agreement between them and the broker.
A sub-broker works on behalf of a stockbroker and connects clients to the stockbroker's services. They assist clients with paperwork, payments, and investment decisions.
Operates under the registration of the stockbroker they are affiliated with.
Acts as a bridge between clients and the stockbroker, assisting clients and directing queries to the stockbroker when necessary.
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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