ICICI Direct is the stock broking arm of India’s renowned banking group, i.e., ICICI Group.
The franchise is famous for its diverse financial products and service offerings for retail and commercial users.
As an ICICI Direct Partner, you can unlock the opportunity of becoming your boss. This brokerage house is a prominent name in the nation’s financial sector, and thus, you can capitalize on the brand name and make considerable profits.
If you are still doubtful about joining the franchise as an ICICI Direct IA or, here is a detailed ICICI Direct Investment Associate review to help you decide.
This review reveals the benefits, cost, commission, income, eligibility criteria, office requirements, and more.
| Type of Broker | Full service Broker |
| Total Partners | 2500+ |
| Total Investment | Rs.9,000 – Rs.39,000 |
| Partners Commission | 30% – 50% |
| Avg. Monthly Profit | Approx. Rs.1,09,500 |
| Breakeven Time | Within 1 month |
| Payout Time | 30 days |
In this section, we will cover the perks of investing in the ICICI Direct Affiliate program:
Security Deposit (One Time)
Exchange Charges (One Time)
Office Expenses (Monthly)
Zero - Rs.30,000Regarding the ICICI Direct Partner Cost, affiliates are subject to pay exchange charges and office expenses.
One of the strong selling points of the stockbrokers is that it allows interested candidates to become a partner at a reasonable investment cost.
ICICI Direct IA charges exchange charges amounting to Rs.9,000. But you don’t have to pay it frequently. It’s just a one-time charge.
Another attractive feature of the investment cost model is it doesn’t include a security deposit. It means affiliates don’t need to place any amount for a security deposit.
Since setting up an office for an affiliate marketing business is not mandatory, your monthly office expenses can be as low as zero and as high as Rs.30,000.
Per Client Acquisition
ICICI Direct is the broking arm of a prominent business house and, thus, offers at-par revenue-sharing policies with competitive rates.
It compensates its partners for their services with a highly rewarding ICICI Direct Partner Commission.
The company determines the revenue-sharing ratios based on several parameters, such as the current revenue, the partner’s experience and performance, the product file, the projected revenue, etc.
ICICI Direct provides the partners with approximately 30% to 50% revenue share. However, the franchise doesn’t offer a single penny as a client acquisition commission.
Check out Profits & Expenses forecast of ICICI Direct Affiliate Program.
| Total Clients | 600 |
| Active Clients | 180 |
| Avg. Commission per Client | 1,550 |
| Total Brokerage | 2,79,000 |
| Partner’s Share (50%) | 1,39,500 |
| New Client Acquisition | 50 |
| Client Acquisition Income | 0 |
| Partner’s Income | 1,39,500 |
| Total Expenses | 30,000 |
| Partner’s Net Profit | 1,09,500 |
| Net Profit Margin | 39% |
This section covers the most vital part of the ICICI Direct partner program review, i.e., the partner’s profits.
The brokerage house is famous for allowing partners to earn considerable monthly income. Read further to know the potential ICICI Direct Associate Profits.
ICICI Direct has 600 clients, of which 180 regularly transact with the company. The average commission that partners can earn on each client is Rs.1,550, with total brokerage amounting to Rs.2,79,000.
You can secure 50% of the brokerage share as a partner, i.e., Rs.1,39,500. Simultaneously, the brokerage house adds 50 more new clients to its portfolio.
However, as mentioned above, ICICI Direct doesn’t reward its affiliates for acquiring new customers. So, your total income remains the same.
It’s forecasted that the affiliate can incur Rs.30,000 as total expenses. After subtracting these Rs.30,000 from the partner’s gross income of Rs.1,39,500, his net profit is calculated as Rs.1,09,500.