Review & Brokerage Of Axis Direct


Axis Securities and Sales Ltd. in the year 2010 when Axis Bank decided to foray into Retail Broking through Axis Sales Limited. The Company has obtained necessary approvals from SEBI, BSE and NSE in the following segments:

BSE: Capital Market Segment and Derivatives Segment (Trading Member and Clearing Member).
NSE: Capital Market Segment; Derivatives Segment (Trading & Clearing Member); Currency Derivatives Segment (Trading Member);
 
Account Opening Charge: (One time non-refundable) of  Rs 850/- for Demat+ Trading Account
AMC (Annual Maintenance Charges) : Rs 135/quarter
Brokerage Of Axis Direct:
Axis Direct  have two type of brokerage plan
  1. Fixed Brokerage Plan
  2. Multi- Tier (Variable ) Plan- Monthly Turnover

Fixed Brokerage Plan:

Product SegmentTransaction TypeBrokerageSecurities Transaction Tax (STT)Stamp Duty2Exchange Transaction Charges (%)
Equity Cash3, E-Margin0.50%0.125%0.01%0.00325%
Intraday/Cover Buy0.05%Nil0.002%0.00325%
Intraday/Cover Sell0.05%0.025%0.002%0.00325%
Encash1.00%0.125%0.01%0.00325%
Futures (Currency1, Index and Stock)Buy0.05%Nil0.002%0.0019%
Sell0.05%0.017%0.002%0.0019%
Intraday0.05%0.017%0.002%0.0019%
Expiry0.05%Nil0.002%Nil
Options (Currency1, Index and Stock)BuyRs.100.00Nil0.002%0.05%
SellRs.100.000.017%0.002%0.05%
IntradayRs.100.000.017%0.002%0.05%
Exercise6Rs.100.000.125%0.002%0.05%
Assignment6Rs.100.00Nil0.002%0.05%

Multi-tier (variable) Plan – Monthly Turnover:

ProductsFrom (Rupees)To (Rupees)Brokerage Rate
Equity (Cash) and Emargin

(Sum of transaction values during the month will be considered as turnover. All Rates are as percent of transaction value)(Excluding Encash transaction turnover)

 

0300,0000.60%
300,0011,000,0000.55%
1,000,0012,500,0000.45%
2,500,0017,500,0000.35%
7,500,00120,000,0000.25%
20,000,001Any Value0.20%
Intra-day, Cover, Futures, Intraday Futures (Currency, Equity, Index)(Sum of transaction values during the month will be considered as turnover. All Rates are as percent of transaction value)

 

050,000,0000.05%
50,000,001100,000,0000.04%
100,000,001200,000,0000.035%
200,000,001Any value0.03%
Options (Equity, Index, Currency) (Sum of premium values during the month will be considered as turnover. Brokerage Rate is on a per lot basis)

 

0200,00095
200,001500,00085
500,0011,000,00075
1,000,0012,000,00070
2,000,001Any Value65

Other Charge:

  1. Minimum brokerage charged: Brokerage will be charged as per applicable rate subject to a minimum of Rs.20/- per executed order and a maximum of 2.5% of transaction value.
  2. For securities quoting at less than Rs.10.00 per share, brokerage will be charged at the rate of Rs.0.10 per share / security.
  3. The first five calls to ‘Trade on Phone service’ in a calendar month shall be free of any service charge. All the subsequent calls to the ‘Trade on Phone’ number will be charged @Rs.20.00 per call and will be charged to the client account. Applicable Brokerage charges for the transactions effected are extra.

Advantages of Axis Direct

  • 3-in-1 account integrates your bank, trading and demat accounts. This feature of  Axis is the most interesting in online trading. This is truly online trading environment. There is absolutely no manual interfere require.

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Sujit Kumar
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another higher brokerage like icici direct but less then that.

bala
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bala

thought of internet banking, i accidently processed axis online trading. i dont want this service for now ,could you suggest me any process to revert back and close this service

venkatesh
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venkatesh

Hi, i just want to open an online trading account with Axis Direct. can any one suggest me is better to go with or tell me which broker provide better online trading facility…

Hemraj Pandey
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Hemraj Pandey

I am interested to know more about you. please contact.9889472821, lucknow

sathish
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sathish

axis direct is waste,,,pls switch over any other brokerage,,,,,,,, because market watch axis swift trade platform is 1500rs per year and intraday brokerage is 0.05percentage,,,,,its very brokerage in india

Joe Sathyan
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Joe Sathyan

Hi Sujit,
I understand you have reasonable experience in trading and broking. I wonder if you do make calls on international indices, equities, commodities etc. Pls let me know if you do. Also, what kind of advisory do u provide in the Indian markets.

Look forward to you resposne.

GYANA
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GYANA

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