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:
- Fixed Brokerage Plan
- Multi- Tier (Variable ) Plan- Monthly Turnover
Fixed Brokerage Plan:
|Product Segment||Transaction Type||Brokerage||Securities Transaction Tax (STT)||Stamp Duty2||Exchange Transaction Charges (%)|
|Futures (Currency1, Index and Stock)||Buy||0.05%||Nil||0.002%||0.0019%|
|Options (Currency1, Index and Stock)||Buy||Rs.100.00||Nil||0.002%||0.05%|
Multi-tier (variable) Plan – Monthly Turnover:
|Products||From (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)
|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)|
|Options (Equity, Index, Currency) (Sum of premium values during the month will be considered as turnover. Brokerage Rate is on a per lot basis)|
- 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.
- 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.
- 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.