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Own a Business.. Earn a Lot.. Grow with Muthoot…!!!
Thank You for your interest in Muthoot Securities….
Bringing the best by associating with Muthoot Securities as a Business Partner, we assure to provide the platform for you to own a reputed business in the financial sector and earn as much as you wish to. It is our promise to cater you with the finest kind of products and service, keeping the highest level of confidentiality, capitalizing our expertise and technology prowess in the Stock-Broking industry. We are dedicated to build customer loyalty on the platform of " Right Service at the Right Time ". Muthoot Securities will be honoured to have an association with You…..
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About Muthoot Group |
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The Muthoot Group has emerged as one of the largest financial group of its kind in India with business interests in 18 diverse fields, a network of over 4440 plus branches nationwide, and serving 24 million customers across the country. Headquartered in Kochi and having its Corporate Office in New Delhi, the company has a dominant presence across all states & Union Territories of India excluding north-east part. The Muthoot Group with its pan-Indian presence and varied bouquet of products serves over 81000 customers every day. Following the tradition, this multi-various organization with more than 30000 employees representing almost every culture and state in the country, shall continue to provide supreme quality of service and earn the trust of millions of people with its constant innovation and dynamism in the times to come. With trust built over 129 years of unblemished services to the community and with values driving its business process, the group is now on a critical diversification journey.
Celebrating over 129 years of serving the community, The Muthoot Group has evolved from a single service to a multi-disciplinary, multi-faceted organization and is recognized for the sheer number of lives it touched and helped prosper. The Muthoot Group shoulders the responsibility of standing up to the image that it has created for itself over 129 years. Since we have not only spanned through years but also generations, we also understand how changing times require one to adapt and mould its customs and values. We do not judge ourselves by the profit we make but by the trust and confidence that over 6 million people have shown in us for the past 129 years.
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About Muthoot Securities |
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Muthoot Group ventured into the competitive world of equity broking in 2008, through Muthoot Securities Ltd., with the objective to sustain its leadership by positioning itself as a highly professional outfit dedicated to high standards of business excellence marked by integrity, fairness and transparency, strict adherence to commitments and most importantly, Trust. The Muthoot Securities Limited (MSTL) is a member of National Stock Exchange and Bombay Stock Exchange. MSTL acts as a full-fledged depository participant of CDSL and NSDL.
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Products & Services |
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1. Equities, Derivatives and Currency Derivatives Trading
2. Online Trading
3. Depository Services
4. Investment in Non-Convertible Debentures
5. IPO – Equity & Debt
6. Vehicle Insurance Services
7. PAN Card Services
8. Loan against Shares
9. Margin Funding
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Why Muthoot ? |
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- Promoted by the largest Indian Financial Conglomerate of its kind
- More than 129 years of experience
- Pan India presence with 4500 plus business centres across 18 verticals
- Gain maximum earnings – even upto 100% of the revenue.
- Leading edge technology
- Professional Risk Management support
- Web enabled , centralized round the clock back office system
- Strong Research Team – daily, weekly & monthly research reports
- Back-up trading terminal support through centralized dealing desk
- Investor Awareness seminars & staff training support
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Franchise / Authorised Person (AP) |
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Authorised Person (franchise) is any person/entity who is appointed by a stock broker (including trading member), who provides access to trading platform of a stock Exchange as an agent of the stock broker. “Authorised Person” (AP) means any person not being a member of a Stock Exchange who acts on behalf of a member-broker as an agent or otherwise for market access & assisting the investors in buying, selling or dealing in securities through such member-brokers. Following categories of entities can apply to become an Authorised Person of a Stock Broker:
1. Individuals
2. Partnership Firms
3. Body Corporates
4. Limited Liability Partnership Firms
Applicants seeking registration as Authorised Person through Muthoot Securities can register with National Stock Exchange & Bombay Stock Exchange in the following market segments:
1. NSE Capital Market Segment
2. NSE Future & Options Segment
3. NSE Currency Derivatives Segment
4. BSE Capital Market Segment
5. BSE Future & Options Segment
Authorised Persons can also take part in the distribution of other products offered by the company and earn additional income from that.
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Muthoot Securities – Franchise Models |
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1. Outside Franchise
These are standalone franchise, operating from premises owned or rented by the franchise owner. These will not be attached to MSTL branches. Two types of outside franchises are;
a. Goodwill Franchise (GF)
- 100% revenue sharing.
- Upfront payment of annual fee applicable.
- Turnover fee of Rs.250/-per crore applicable.
b. Deposit Based Franchise (DBF)
- Refundable & Interest free deposit to be provided.
- Guaranteed minimum brokerage commitment applicable for higher ratio or revenue sharing slabs.
- Turnover fee of Rs.250/-per crore applicable for higher ratio or revenue sharing slabs.
2. In-house Franchise
These are franchise operating from inside the branch offices of MSTL. There are two types of In-house franchise:
a. Without separate trading terminal – Remisier model (client addition only).
b. With separate trading terminal – Authorised Person / his staff will operate the trading terminal allotted for them
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| Franchise Type |
Security Deposit |
Criteria |
Brokerage Sharing |
| Without separate trading terminal (remisier model) |
Nil |
Minimum 6 new accounts per quarter |
75 : 25
(MSTL : Franchise) |
| With separate trading terminal |
Rs.25,000 |
NISM qualified Franchise staff as dealer |
50 : 50
(MSTL : Franchise) |
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Eligibility Criteria & Prerequsites |
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1. Minimum 18 years of age.
2. Applicant(s) must be an Indian citizen(s).
3. Should possess good reputation and track record in financial services.
4. Should not have convicted of any offence involving fraud and dishonesty.
5. Minimum 2 to 3 years’ experience in selling financial products.
6. Stock Exchange registration as Authorised Person is mandatory.
7. Educational qualification of at least 10th standard or equivalent examination from an institution recognized by the government.
8. Should not be registered as a sub-broker or authorized person of the exchange with another Trading Member.
9. Must hold valid NISM Certificates required for operating trading terminal.
Infrastructure Requirements for Outside Franchise
1. Look and feel of office premises must be in accordance with Muthoot Group’s standard policies.
2. Should have an office space with Minimum 250 Sq.Ft – own / rented.
3. Office should be preferably in a prime commercial building / area having ample facilities.
4. The premises should be exclusively used only for marketing the products & services offered by Muthoot Securities.
5. Name board of the company must be displayed outside the office in a visible and permanent manner.
6. Should have land line telephone with voice recording facility.
7. Office address and residential address should not be the same.
8. Should have own staffs.
List of documents required to process the application:
For Individual Applicant
1. Authorised Person Application form.
2. PAN Card copy.
3. Aadhar Card copy.
4. Educational qualification proof.
5. Two passport size photographs.
6. Photograph of the premises (Exterior & Interior) – applicable for outside franchise only.
7. Security deposit - as per the scheme opted.
8. Processing fee of Rs.2500/- per segment (segments available for NSE are Capital Market, Equity Derivatives and Currency Derivatives; and for BSE, Capital Market only.
9. Valid NISM certifications (SORM / Equity Derivatives / Currency Derivatives) as applicable.
10. Office address proof in the name of the applicant ((List of Valid address proofs: BSNL Telephone Bill, Latest Bank statement, Electricity bill , Notarized copy Rent Agreement, Trade license agreement, Shop Establishment Certificate).
11. Residential address proof (Passport, Driving License, Voters Identity Card, BSNL Landline Telephone Bill, Bank Statement, Electricity bill, Rent Agreement (notarized), Bank pass book, Ration card).
12. Bank Account proof ( Bank statement for last three months – duly signed by the bank manager).
13. Affidavit/Marriage certificate for Name Change (If there is any change in the name mentioned in the proofs and the name in which the registration is to be done, provide an affidavit for the same as applicable).
For Partnership Firm / LLP / Body Corporate - Applicant
1. All the partners and directors, as the case may be, must comply with the eligibility criteria for individuals given above.
2. The Object Clause of the Partnership Deed and the Memorandum of Association must contain a clause permitting the person to deal in securities business.
3. Documents are required for each partner / director as mentioned above, in the case of individual applicant.
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