AxisDirect is a leading Indian brokerage firm that offers a range of products and services for retail and institutional investors. The firm was founded in 2005 and has since established a strong presence in the market, thanks to its competitive pricing, reliable technology infrastructure, and high-quality research and analysis. In this blog post, we will focus on the brokerage charges, fees, and other transaction charges levied by Axis Direct in 2023.
It is important for investors to be aware of the charges and fees levied by brokerage firms as these can have a significant impact on their overall returns. Different firms have different charges and fees, and it is essential for investors to choose the firm that offers the best value for their money. In this context, understanding the charges and fees levied by Axis Direct is crucial for investors who are considering using the firm’s services.
AxisDirect Account Charges
A stock trading account and a Demat account are both available through AxisDirect. When trading with AxisDirect, the fees, commissions, and taxes are all paid for by the customer. The following is an explanation of the charge structure and trading commission rates utilised by AxisDirect.
To open AxisDirect account you have to pay account opening charges and annual maintenance charges (AMC).
AxisDirect Account Open Charges | AxisDirect AMC 2023
| Transaction | Fee |
|---|---|
| Trading Account Opening Charges (One Time) | Rs 900 |
| Trading Annual Maintenance Charges AMC (Yearly Fee) | Rs 0 |
| Demat Account Opening Charges (One Time) | Rs 0 |
| Demat Account Annual Maintenance Charges AMC (Yearly Fee) | Rs 650 |
AxisDirect Brokerage Charges 2023
When a customer buys or sells stocks through AxisDirect, the customer is accountable for paying a commission, sometimes known as brokerage. The following is an explanation of the brokerage charges that are applicable to equities, commodity, and currency derivative trading with AxisDirect.
AxisDirect Standard Brokerage Plan
| Segment | Brokerage Fee |
|---|---|
| Monthly Fee (Fixed) | NA |
| Equity Delivery | 0.50% |
| Equity Intraday | 0.05% |
| Equity Futures | 0.05% |
| Equity Options | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot |
| Currency Futures | 0.05% |
| Currency Options | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l |
| Commodity Futures | 0.03% |
| Commodity Options | Rs 50 per lot |
AxisDirect Demat Account Charges 2023
The Demat account transactions are charged separately from the trading commission. Find AxisDirect Demat account charges 2023.
AxisDirect Demat Charges
AxisDirect trading and demat account opening charges are Rs 900. AxisDirect charges Rs 650 per year demat account AMC. AxisDirect demat debit transaction charge of Rs
- Retail Account: 0.04% of the value of the transaction (Min Rs 25 per instruction) whichever is higher. Rs 25 flat per instruction for mutual fund units.
- BSDA Account: 0.06% of the value of the transaction (Min Rs 50 per instruction) whichever is higher. Rs 50 flat per instruction for mutual fund units.
- Corporate Account: 0.04% subject to minimum of Rs 23 per instruction.
per debit transaction.
| ID | Transaction | Charges |
|---|---|---|
| 1 | Demat Account Opening Charges | Rs 900 |
| 2 | Transaction Charges (Buy) | |
| 3 | Transaction Charges (Sell) | Retail Account: 0.04% of the value of the transaction (Min Rs 25 per instruction) whichever is higher. Rs 25 flat per instruction for mutual fund units.BSDA Account: 0.06% of the value of the transaction (Min Rs 50 per instruction) whichever is higher. Rs 50 flat per instruction for mutual fund units.Corporate Account: 0.04% subject to minimum of Rs 23 per instruction. |
| 4 | Annual Maintenance Charges (AMC) | Retail Account:Axis Bank Customer: Rs 650 per year (1st year free). Rs 2500 for client who has not authorised bank to debit Demat ac charges from Bank ac maintained with Axis Bank.Non-Axis Bank Customer: Rs 250 per year (1st year free)BSDA Account:Nil for holding value till Rs 50,000Rs 100 per year for holding value from Rs 50,001 to Rs 2,00,000Holding value above Rs 2,00,000 tariff for Retail account will be applicable.Corporate Account:Rs 400 for Axis Bank clients + CDSL AMC of Rs 500Rs 600 for non-Axis Bank clients+ CDSL AMC of Rs 500 |
| 5 | Demat + Courier charges | Retail / BSDA Account: Rs 5 per certificate subject to minimum of Rs 50 per request, whichever is higher. Rs 50 per request as courier charges for mutual fund Units.Corporate Account: Rs 2.50 per certificate subject to a minimum of the Rs 50 per request. |
| 6 | Remat | Retail / BSDA Account: Rs 20 for every 100 securities or part thereof or Rs 50 per request whichever is higher. Rs 50 per instruction for mutual fund Units.Corporate Account: Rs 20 per certificate subject to minimum of Rs 50 per request |
| 7 | Pledge Creation | Retail Account: 0.04% of the value of the transaction (Min Rs 50 per instruction) whichever is higher.BSDA Account: 0.06% of the value of the transaction (Min Rs 50 per instruction) whichever is higher.Corporate Account: Flat Rs 50 per request. |
| 8 | Pledge Creation Confirmation | Nil |
| 9 | Pledge Invocation | Retail Account: 0.04% of the value of the transaction (Min Rs 50 per instruction) whichever is higher.BSDA Account: 0.06% of the value of the transaction (Min Rs 50 per instruction) whichever is higher.Corporate Account: Flat Rs 50 per request. |
| 10 | Failed Transactions | Rs 10 per Instruction |
| 11 | Other Charges | Ad-hoc Statement – Rs 100 per statementQuarterly (Physical) statementRetail Account – NilBSDA Account – Rs 25 per statementAccount Modification ChargesRetail Account – NilBSDA Account – Rs 100DIS Booklet ChargeRetail Account – NILBSDA Account – Rs 200 per bookletRedemption of mutual fund units through DP – Rs 25 per instruction |
AxisDirect Transaction Charges (Exchange Turnover Charge)
A combination of Exchange Turnover Charge and Trade Clearing Charge.
AxisDirect Transaction Charges 2023
| Segment | Transaction Fee |
|---|---|
| Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) |
| Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) |
| Equity Futures | NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side) |
| Equity Options | NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium) |
| Currency Futures | Rs 190 per Cr (0.0019%) |
| Currency Options | Rs 5000 per Cr (0.05%) (on premium) |
| Commodity |
AxisDirect Trading Taxes
AxisDirect charges government taxes and fees in addition to the brokerage. These AxisDirect trading taxes are shows in the contract note sent to the customer at the end of the day. The below table can be used for the AxisDirect tax calculation.
AxisDirect Tax on Trading
| Tax AxisDirect | Rates |
|---|---|
| Securities Transaction Tax (STT) | Equity Delivery: 0.1% on both Buy and SellEquity Intraday: 0.025% on the Sell SideEquity Futures: 0.01% on Sell SideEquity Options: 0.05% on Sell Side(on Premium)Commodity Futures: 0.01% on sell side (Non-Agri)Commodity Options: 0.05% on sell sideCurrency F&O: No STTOn Exercise transaction: 0.125%Right to entitlement: 0.05% on sell side |
| Exchange Transaction Charges | Refer table above |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
| SEBI Charges | 0.0001% (₹10/Crore) |
| Stamp Duty | (On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) |
Axis Direct Trading platforms
Axis Direct is a leading Indian brokerage firm that offers a range of products and services for retail and institutional investors. One of the key offerings of the firm is its trading platforms, which are designed to provide investors with a seamless and intuitive experience when trading in securities. In this blog post, we will focus on the trading platforms offered by Axis Direct and evaluate their features and overall performance.
Axis Direct offers three main trading platforms: a web-based platform, a mobile app, and a desktop-based platform. All three platforms offer a range of features that cater to the needs of different types of investors.
The web-based platform is accessible from any device with an internet connection and is suitable for investors who prefer to trade online. The platform is user-friendly and easy to navigate, with a clean and intuitive interface. It offers real-time market updates, advanced charting tools, and customizable watchlists, among other features. The platform also allows investors to place orders, view their portfolio, and access research and analysis tools.
The mobile app is designed for investors who prefer to trade on the go. It is available on both Android and iOS devices and offers similar features as the web-based platform. The app is fast, responsive, and easy to use, making it an ideal choice for investors who are always on the move.
The desktop-based platform is suitable for investors who prefer to trade from their desktop computers. It offers a range of
advanced features and tools, including real-time market updates, charting tools, and customizable watchlists. The platform is reliable and fast, with a user-friendly interface that makes it easy for investors to place orders and manage their portfolio.
In terms of overall performance, Axis Direct’s trading platforms have received positive reviews from users. The platforms are robust and reliable, with minimal downtime and fast execution of trades. The user interface is intuitive and easy to use, which is crucial for traders who need to make quick decisions.
In addition to the core trading features, Axis Direct’s platforms also offer a range of research and analysis tools. These tools are designed to help investors make informed investment decisions and include stock recommendations, market insights, and technical analysis. The quality of the research and analysis provided by Axis Direct is widely regarded as being among the best in the industry.
Opening a demat and trading account with Axis Direct
Opening a demat and trading account with Axis Direct is a simple and straightforward process. A demat account is required to hold securities in electronic form, while a trading account is required to buy and sell securities. By opening both a demat and trading account with Axis Direct, investors can take advantage of the firm’s products and services, including its trading platforms, research and analysis, and financing options. In this blog post, we will provide a step-by-step guide on how to open a demat and trading account with Axis Direct.
Step 1: Visit the Axis Direct website and click on the “Open An Account” button.
Step 2: Fill out the online application form with your personal and financial details. You will also be required to upload copies of the required documents, which include proof of identity, proof of address, and PAN card.
Step 3: Submit the completed application form and uploaded documents.
Step 4: Wait for the application to be processed and approved by Axis Direct. This process may take a few days.
Step 5: Once your application is approved, you will receive an email from Axis Direct with further instructions on how to activate your account.
Step 6: Follow the instructions in the email to activate your account and complete the account opening process.
It is important to note that the process of opening a demat and trading account with Axis Direct may vary slightly depending on your location
Advantages to opening a demat and trading account with Axis Direct
There are several advantages to opening a demat and trading account with Axis Direct. Some of the key advantages are:
- Convenience: By opening both a demat and trading account with Axis Direct, investors can access a range of products and services from a single platform, eliminating the need to deal with multiple firms.
- Trading platforms: Axis Direct offers a range of trading platforms, including a web-based platform, a mobile app, and a desktop-based platform, which provide investors with a seamless and intuitive experience when trading in securities.
- Research and analysis: Axis Direct provides high-quality research and analysis tools that help investors make informed investment decisions. These tools include stock recommendations, market insights, and technical analysis.
- Financing options: Axis Direct offers a range of financing options, including margin funding, that allow investors to leverage their portfolio and take advantage of market opportunities.
- Customer support: Axis Direct has a dedicated customer support team that is available to assist investors with any queries or issues they may have. The firm has a strong track record of providing timely and efficient support to its clients.
Disadvantages to consider when opening a demat and trading account with Axis Direct
There are also a few disadvantages to consider when opening a demat and trading account with Axis Direct. Some of the potential disadvantages are:
- Brokerage charges: Axis Direct charges a flat rate of 0.05% for delivery trades and 0.10% for intraday trades for online trades. While these charges are competitive, they may be higher than those offered by other brokerage firms.
- Fees: In addition to brokerage charges, Axis Direct charges various fees for its products and services, including account opening fees, annual maintenance charges (AMC) for demat accounts, and charges for availing financing options such as margin funding. These fees may be higher than those charged by other firms.
- Transaction charges: Axis Direct also levies transaction charges for trades executed on the stock exchanges. These charges are levied by the exchanges and are passed on to the investors. Investors should be aware of these charges and factor them into their investment decisions.
- Other charges: Axis Direct may also levy other charges such as stamp duty, GST, and SEBI turnover charges. These charges are levied by regulatory authorities and are applicable to all brokerage firms.
Conclusion
In conclusion, Axis Direct is a leading Indian brokerage firm that offers a range of products and services for retail and institutional investors. The firm has a strong track record of performance and is known for its competitive pricing, reliable technology infrastructure, and high-quality research and analysis. Opening a demat and trading account with Axis Direct offers investors several advantages, including convenience, access to advanced trading platforms, high-quality research and analysis, and financing options. However, it is also important for investors to be aware of the potential disadvantages, including brokerage charges, fees, and transaction charges. By carefully evaluating all these factors, investors can choose the brokerage firm that best meets their needs and helps them achieve their investment goals.
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Reference
AxisDirect Review 2023 | Brokerage Charges, Margin, Demat .
Open 3-in-1: Banking, Demat & Stock Trading … – Axis Direct
FAQ
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What is Axis Direct?
Axis Direct is a leading Indian brokerage firm that offers a range of products and services for retail and institutional investors.
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What products and services does Axis Direct offer?
Axis Direct offers a range of products and services, including trading platforms, research and analysis, financing options, and a range of securities such as stocks, mutual funds, and ETFs.
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How do I open a demat and trading account with Axis Direct?
To open a demat and trading account with Axis Direct, visit the firm’s website and click on the “Open Account” button. Fill out the online application form with your personal and financial details, and submit the form along with the required documents. Wait for the application to be processed and approved by Axis Direct, and follow the instructions in the email to activate your account and complete the account opening process.
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What are the charges and fees for opening a demat and trading account with Axis Direct?
Axis Direct charges a one-time account opening fee for demat and trading accounts. The firm also charges annual maintenance charges (AMC) for demat accounts. The exact charges and fees may vary depending on the location and the type of account being opened.
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What documents are required to open a demat and trading account with Axis Direct?
To open a demat and trading account with Axis Direct, you will need to submit copies of proof of identity, proof of address, and PAN card.
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Can I open a demat and trading account with Axis Direct online?
Yes, you can open a demat and trading account with Axis Direct online by filling out the online application form and submitting the required documents.
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How do I place an order on Axis Direct’s trading platforms?
To place an order on Axis Direct’s trading platforms, log in to your account and select the security you wish to trade. Enter the quantity and price at which you wish to buy or sell the security, and submit the order.
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How does Axis Direct’s margin funding facility work?
Axis Direct’s margin funding facility allows investors to borrow funds from the firm to increase the size of their trades. The facility is available for select securities and is subject to the firm’s margin requirements and terms and conditions.
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How do I access Axis Direct’s research and analysis tools?
To access Axis Direct’s research and analysis tools, log in to your account and navigate to the research and analysis section. The tools are available for a range of securities and include stock recommendations, market insights, and technical analysis.
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Can I trade on Axis Direct’s platforms using a mobile device?
Yes, Axis Direct offers a mobile app that allows investors to trade on the go using their Android or iOS device. The app offers similar features as the firm’s web-based platform, including real-time market updates, charting tools, and customizable watchlists.
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How do I contact Axis Direct’s customer support team?
To contact Axis Direct’s customer support team, you can call the firm’s customer care hotline or send an email to the support team. The firm’s contact details are available on its website.
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Does Axis Direct offer training or educational resources for investors?
Yes, Axis Direct offers a range of training and educational resources for investors, including webinars, tutorials, and educational articles. These resources are designed to help investors improve their knowledge and skills in areas such as technical analysis, fundamental analysis, and risk management.
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Does Axis Direct offer a loyalty program for its clients?
Yes, Axis Direct offers a loyalty program for its clients called Axis Direct Elite. The program offers a range of benefits, including discounted brokerage charges, priority customer support, and access to exclusive research and analysis tools.
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How do I close my demat and trading account with Axis Direct?
To close your demat and trading account with Axis Direct, you will need to submit a written request to the firm. The request should include your name, account number, and the reason for closing the account. You will also need to clear any outstanding balance and complete the required documentation before the account can be closed.
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How do I transfer my demat and trading account from another brokerage firm to Axis Direct?
To transfer your demat and trading account from another brokerage firm to Axis Direct, you will need to follow the account transfer process outlined by the firm. This process typically involves filling out an account transfer form and submitting it along with the required documents to Axis Direct. The firm will then coordinate with the other brokerage firm to transfer the account to Axis Direct.
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Does Axis Direct offer a referral program for its clients?
Yes, Axis Direct offers a referral program for its clients called the Axis Direct Referral Program. Under the program, clients can refer their friends and family members to the firm and earn rewards for each successful referral.
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Can I open a joint demat and trading account with Axis Direct?
Yes, you can open a joint demat and trading account with Axis Direct. To open a joint account, you will need to fill out the online application form and submit it along with the required documents. The form should include the names and details of all the account holders.
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Does Axis Direct offer IPO investments?
Yes, Axis Direct offers IPO investments to its clients. To invest in an IPO through Axis Direct, you will need to have an active demat and trading account with the firm and follow the process outlined by the firm for participating in IPOs.
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Does Axis Direct offer mutual fund investments?
Yes, Axis Direct offers mutual fund investments to its clients. The firm provides a range of mutual fund options, including equity funds, debt funds, and hybrid funds, among others.
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How is the performance of Axis Direct’s mutual fund offerings?
The performance of Axis Direct’s mutual fund offerings may vary depending on the fund and the market conditions. It is important for investors to carefully review the fund’s performance and risk profile before making an investment decision.