Starting a DSA franchise is an efficient idea for business aspirations. Business franchises offer ready-made business plans. The companies’ proven business models set them apart from other promising brands. So, a franchiser has the advantage of utilising their brand status.
Their product promotions and business procedures make DSA operations easy. Also, companies offer constant support to help franchisers retain customer’s trust and loyalty. Here, we have listed the top contenders in the Indian financial market. It will provide the ideal guide for your DSA journey.
Motilal Oswal Franchise
Motilal Oswal Franchise is among the Best Sub broker Business providers in India. It has had a strong reputation in stock broking for over thirty years. It offers a wide range of financial services. Franchisers can offer various financial products, including mutual funds, insurance, and stock broking, to their clients.
Applicants require an initial investment of Rs. 1.3 and Rs. 2 Lakh. They must also have a 200 – 500 Sq ft area for the DSA. The company provides robust training and support to its franchisees. Their complete support in marketing and customer relationship management makes operations more straightforward.
Motilal Oswal’s backing enhances its chances of success. Hence, it has over 7,500 franchises across India. Its attractive revenue-sharing models offer a robust opportunity for profit and growth.
HDFC Bank DSA Franchise
HDFC Bank is an essential part of India’s top private sector banks. Like other leading banks, HDFC offers various banking and financial services. Working as a DSA for this bank is a golden opportunity for financial enthusiasts. Starting an HDFC Bank DSA requires a minimum investment between Rs. 25,000 and Rs. 60,000.
A DSA mainly sells bank products like loans and credit cards. HDFC offers all-inclusive training to agents to adequately represent various services to clients. Also, back office and relationship manager support is always available.
Agents can earn good money from the sales they make. HDFC Bank’s credibility also ensures the reliability of the DSA business. A franchiser’s greatest pleasure is seeing clients achieve their dreams of financial stability.
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Sharekhan Franchise
Almost every Indian investor knows Sharekhan’s reputation in the stockbroking landscape. The other famous Indian broking houses call it the Power Broker. Owning a Sharekhan franchise comes with a guarantee of success. It requires an initial investment of Rs.30,000 to Rs.1 lakh. Also, the applicant should have a 150 – 200 sq. ft. shop area.
A Sharekhan franchiser offers stock broking and other financial advisories to its clients. The broking house assists clients in achieving their financial dreams. Sharekhan also provides sub-brokers with a 60% to 70% revenue share to earn and grow seamlessly.
The unparallel stock advisory takes a Sharekhan franchise way ahead of competitors. Additionally, the broking house offers marketing support. It is crucial for a franchise’s success to acquire many clients.
IIFL Securities Distributorship
IIFL Securities is India’s leading branded financial products and services company. A DSA of IIFL offers a considerable investment option for its clients. To open a DSA, applicants must pay an initial fee of Rs. 50,000. Also, there are some minimal setup requirements. So, the entire franchise comes under an investment of Rs. 1 lakh.
IIFL is widely popular for its exclusive mutual fund services. The company trains its DSAs in detail to sell its products excellently. The distributor also gets an attractive 3% to 4% commission on the AUM.
To ensure success, IIFL offers detailed training on its products and services. Its seamless marketing and customer service help retain good relations with clients. This franchise opportunity enables agents to utilise IIFL’s growing financial reputation.
ICICI Bank DSA Franchise
ICICI is well known as the leading private bank in India. It gained a reliable reputation with its all-inclusive financial services. Hence, becoming a DSA of ICICI Bank is a profitable business idea. The DSA charges are minimal. Applicants can set up an office space. However, it is optional. Overall, it requires an initial investment of Rs.25,000 – Rs.60,000.
An ICICI DSA sells loans, credit cards and other banking products to people. The brand reputation makes client acquisition easy. Also, the agents get a reasonable commission. For example, they get 0.2% – 2.5% of the loan value and similar for other products.
ICICI also empowers the agents with extensive product and service training. Its back-office support is always available to provide DSA owners with maximum support. Overall, an ICICI Bank DSA helps enthusiasts achieve their financial dreams.
The Bottom Line:
It is essential to choose the right franchise before starting a DSA journey. These brands are widely reputed for seamless services but don’t offer equal services. We hope this information will help one achieve financial goals while serving clients.
