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Axis Direct [email protected]: New Plan offered by Axis Direct:

     

        Axis Bank announced a new plan called 'India Trade @20', where retail         customers can execute a trade order at a flat Brokerage of Rs 20         irrespective of the value of an order.      

     

        To avail, 'India, [email protected]', Axis Direct customers will have to maintain an         average quarterly balance of Rs 75,000 with Axis Bank. Non-Axis Bank         customers can also avail the scheme by paying Rs 250 per month.      

Special Offer: No AMC charged on Demat account for the first year + Get high leverage on intraday products and up to 4 times in E-Margin + Get Axis Direct 3-in-1 account + Research Services.Get the offer
Axis Direct Account Opening & AMC Charges

Axis Direct charges ₹900 for the opening of a trading account with them and is the one-time fee charged while initiating your account opening process. ₹650 are annual maintenance charges for a demat account and would get deducted from your account even if you have not traded for a year by Axis Direct to maintain your account.

Name Details
Trading Account Opening Fee ₹900
Demat Account Opening Fee ₹0
Demat Account AMC ₹650
Trading Account AMC ₹0
Axis Direct Brokerage Charges

Please find below Axis Direct Brokerage charges in their basic Plan. Axis Direct provides delivery trade at 0.50%, Intraday Trade at 0.05%, Equity Future Trade at 0.05%, and Equity Option Trade at Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot.

Plan Name Fixed Plan Plan 125K
Equity Delivery 0.50% 0.18%
Equity Intraday 0.05% 0.018%
Equity Future 0.05% 0.018%
Equity Options Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot ₹30 per lot
Currency Futures 0.05% 0.018%
Currency Options Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot ₹30 per lot
Monthly Fee NA ₹125000 per year
Margin Trading - -
Commodity Futures 0.03% (Each Leg) NA
Commodity Options - -
Axis Direct Transaction Charges (Per Crore)

The Brokers in India charges Transaction / Turnover charges along with Brokerage on every order executed through the stock exchange. These charges differ by the stock exchange in which you trade and type of trades like delivery, intraday or F&O, etc. Axis Direct Transaction charges are as per the below table:

Name Details
Equity Delivery NSE ₹325 | BSE ₹300
Equity Intraday NSE ₹325 | BSE ₹300
Equity Future * NSE ₹190 | BSE ₹300
Equity Options * NSE ₹5000 | BSE ₹300
Currency Futures * ₹190
Currency Options ₹5000
Commodity NA
Axis Direct Other Charges

A lot of other Charges are getting levied other than brokerage by Axis Direct like minimum brokerage, call & Trade charges, Stamp duty, DP Charges, etc. A list of the same is in the below table.

Name Details
Minimum Brokerage ₹20 per executed order
Call & Trade Rs 20 per call post 20th call per month
Stamp Duty * Charges as per the state of residence
DP Charges (on sell side) 0.04% (minimum Rs 25 per instruction)
Other Miscellaneous Charges -
Axis Direct Demat Account Charges

The charges on Demat account transactions are charged separately and over and above trading Brokerage. Find Axis Direct demat account charges 2020.

Name Details
Depository Service Provider CDSL
Account Opening Fee

Nil

Advance Deposit

Nil

AMC

Retail Account:

Axis Bank Customer: ₹650 per year (1st year free). ₹2500 for client who has not authorised bank to debit Demat ac charges from Bank ac maintained with Axis Bank.

Non-Axis Bank Customer: ₹250 per year (1st year free)

BSDA Account:

Nil for holding value till ₹50,000

₹100 per year for holding value from ₹50,001 to ₹2,00,000

Holding value above ₹2,00,000 tariff for Retail account will be applicable.

Corporate Account:

₹400 for Axis Bank clients + CDSL AMC of ₹500

₹600 for non-Axis Bank clients+ CDSL AMC of ₹500

Dematerialisation Charges

Retail / BSDA Account: ₹5 per certificate subject to minimum of ₹50 per request, whichever is higher. ₹50 per request as courier charges for mutual fund Units.

Corporate Account: ₹2.50 per certificate subject to a minimum of the ₹50 per request.

Rematerialisation Charges

Retail / BSDA Account: ₹20 for every 100 securities or part thereof or ₹50 per request whichever is higher. ₹50 per instruction for mutual fund Units.

Corporate Account: ₹20 per certificate subject to minimum of ₹50 per request

Transaction Charges (Credit) -
Transaction Charges (debit)

Retail Account: 0.04% of the value of the transaction (Min ₹25 per instruction) whichever is higher. ₹25 flat per instruction for mutual fund units.

BSDA Account: 0.06% of the value of the transaction (Min ₹50 per instruction) whichever is higher. ₹50 flat per instruction for mutual fund units.

Corporate Account: 0.04% subject to minimum of ₹23 per instruction.

Pledge Creation Charges

Retail Account: 0.04% of the value of the transaction (Min ₹50 per instruction) whichever is higher.

BSDA Account: 0.06% of the value of the transaction (Min ₹50 per instruction) whichever is higher.

Corporate Account: Flat ₹50 per request.

Pledge Creation Confirmation Charges

Nil

Pledge Invocation Charges

Retail Account: 0.04% of the value of the transaction (Min ₹50 per instruction) whichever is higher.

BSDA Account: 0.06% of the value of the transaction (Min ₹50 per instruction) whichever is higher.

Corporate Account: Flat ₹50 per request.

Failed Instruction Charges

₹10 per Instruction

Other Charges

Ad-hoc Statement - ₹100 per statement

Quarterly (Physical) statement

Retail Account - Nil

BSDA Account - ₹25 per statement

Account Modification Charges

Retail Account - Nil

BSDA Account - ₹100

DIS Booklet Charge

Retail Account - NIL

BSDA Account - ₹200 per booklet

Redemption of mutual fund units through DP - ₹25 per instruction

  • *For turnover other than complimentary turnover, brokerage will be charged as per applicable rate subject to a minimum of Rs. 25/-(Except Equity SIP) per executed order and a maximum of 2.5%. In case the minimum brokerage calculated comes to more than 2.5%, then the amount that will be charged as a brokerage will be limited to 2.5%.
  • **All statutory / regulatory levies and other charges including but not limited to Securities Transaction Tax, SEBI Turnover Fees, Exchange Transaction Charges, Stamp Duty and Service Tax shall be charged separately over and above the brokerage.

Charges Explained

  • Securities/Commodities transaction tax: Tax by the government when transacting on the exchanges. Charged as above on both buy and sell sides when trading equity delivery. Charged only on selling side when trading intraday or on F&O.When trading at TRADE SMART Online STT/CTT can be a lot more than the brokerage we charge.
  • Transaction/Turnover Charges:Exchange transaction charges + Clearing charges. Charged by exchanges (NSE, BSE,MCX) and clearing member.
  • Call & trade: Additional charges of Rs.25 per executed order:
  • Stamp charges: Charged as per the state of the client's correspondence address.
  • GST: Tax levied by the government on the services rendered. 18% of ( brokerage + transaction charges)
  • SEBI Charges:Charged at Rs.15 per crore by Securities and Exchange Board of India for regulating the markets.
Special Offer: No AMC charged on Demat account for the first year + Get high leverage on intraday products and up to 4 times in E-Margin + Get Axis Direct 3-in-1 account + Research Services.Get the offer

Frequently Asked Questions:

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