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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 of India Limited and BSE Limited. 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. 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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An Authorised Person is 'Any person, individual, partnership firm, LLP or body corporate, who is appointed as such by a Stock Broker (including Trading Member) and who provides access to trading platform of a Stock Exchange as an agent of the Stock Broker'.
Conditions of Appointment
• The Trading Member and Authorised Person shall enter into written agreement(s) in the form(s) prescribed by the Exchange. The agreement shall inter-alia cover scope of the activities, responsibilities, confidentiality of information, commission sharing, termination clause etc.
• The Authorised Person shall not receive or pay any money or securities in its own name or account. All receipts and payments of securities and funds shall be made in the name of or account of a Trading Member.
• The Authorised Person shall receive his remuneration- fees, charges, commission, salary etc. for his services only from the Trading Member and he shall not charge any amount from the clients.
• A person shall not be appointed as an Authorised Person by more than one Trading Member.
• A partner or director of an Authorised Person shall not be appointed as an Authorised Person with the Exchange.
• A Director/Partner of a registered Authorised Person cannot be appointed as an Authorised Person in any capacity.
Applicants seeking registration as Authorised Person through Muthoot Securities Limited have to register with National Stock Exchange of India Limited and BSE Limited in the following market segments:-
1. NSE Capital Market
2. NSE Futures & Options
3. NSE Currency Derivatives
4. BSE Capital Market
Authorised Persons 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 – Authorised Person(AP) Models |
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1. Outside AP
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 Scheme
- 100% revenue sharing.
- Upfront payment of annual fee applicable.
b. Deposit Based AP
Refundable & Interest free deposit to be provided.
- Guaranteed minimum brokerage commitment applicable for higher ratio or revenue sharing slabs.
2. In-house Authorised Person
These are Authorised Persons operating from inside the branch offices of MSTL. There are two types of In-house APs:
a. Without separate trading terminal – (client addition only).
b.. With separate trading terminal – Authorised Person / his staff operates the trading terminal allotted for them
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| Authorised Person Type |
Security Deposit |
Criteria |
Brokerage Sharing |
| Without separate trading terminal |
Nil |
Minimum 6 new accounts per quarter |
75 : 25
(MSTL : AP) |
| With separate trading terminal |
Rs.25,000 |
NISM qualified AP staff as dealer |
50 : 50
(MSTL : AP) |
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Eligibility Criteria & Pre-requsites |
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| PARTICULARS |
DESCRIPTION |
| Type Of Constitution |
Individual, Partnership Firm, LLP or Body Corporate |
| Eligibility Criteria for Individuals |
1. Should be a citizen of India. |
| 2. Should not be less than 18 years of age. |
| 3. Should not have been convicted of any offence involving fraud and dishonesty. |
| 4. Should have good reputation and character. |
| 5. Should have passed at least 10th standard or equivalent examination from an institution recognized by the Government. |
| 6. The Authorised Person shall also have the necessary infrastructure like adequate office space, equipment and manpower to effectively discharge the activities on behalf of the Trading Member. |
| Eligibility Criteria for a Partnership Firm, LLP or Body Corporate |
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. The Authorised Person shall also have the necessary infrastructure like adequate office space, equipment and manpower to effectively discharge the activities on behalf of the Trading Member. |
| Processing Fees
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1. For AP Registration – Rs. 6000/- per segment (Segments available – NSE Capital Market, NSE Futures & Options, NSE Currency Derivatives, BSE Capital Market) |
| 2. For AP Cancelation – Rs.1500/- per segment |
Minimum of 2 to 3 years’ experience in selling financial products
Should not be registered as an AP of the Exchange with another Trading Member
Infrastructure Requirements for Outside Authorised person
1. Should have an office space with Minimum 250 Sq. Ft.-Own/rented.
2. Office should be preferably in a prime commercial building/area having ample facilities.
3. The premise should be exclusive for marketing the products %& services offered by Muthoot Securities Ltd.
4. Name board of the Company must be displayed outside the office in a visible and permanent manner.
5. Should have land line telephone with voice recording facility.
6. Office address and residential address should not be the same.
List of documents required to process the application:-
For Individual Applicant
1. Authorised Person Application form.
2. PAN card copy
3. Aadhaar card copy
4. Educational qualification proof
5. Two passport size photographs
6. Photograph of the premises (Exterior & Interior)- applicable for outside Authorised person only
7. Security deposit – as per scheme opted
8. Valid NISM Certificates required for operating Trading Terminal (Certificates – SORM, Equity Derivatives, Currency Derivatives)
9. Office address proof in the name of the applicant (Valid address proofs – BSNL Telephone bill, Latest Bank Statement, Electricity Bill, Notarized copy of Rental Agreement).
10. Residential address proof (Passport, Driving License, Voters ID, BSNL Landline Telephone Bill, Bank statement, Electricity bill, Rental Agreement(Notarized), Bank Pass book)
11. Band Account proof ( Bank Statement for last 3 months – duly signed by the bank manager)
12. 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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