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Axis Direct Brokerage, Other Charges, Leverage & Margin 2019

Axis Direct Brokerage Plan 2019

Axis Direct offers 4 plans to choose from, Fixed Brokerage Plan where the brokerage is fixed irrespective of Volume, Investment Plus Plan, Now & Never Plan are subscription based plan.

Segment Fixed Plan Investment Plus Plan Now or Never Plan
Subscription Fees Online Offline Online
Subscription Fees   Nil  Rs.999  Rs.5,555 
Account Opening Charges   Rs. 999  Nil  Nil 
Complementary Delivery Turnover In Rs.   NA  Rs.3,00,000  Rs.12,00,000 
Brokerage Fixed Brokerage Charges Applicable Brokerage Charges post CDT consumption Brokerage Charges post CDT consumption
Equity Delivery 0.50% 0.50% 0.25%
Equity Intraday 0.05% 0.05% 0.03%
Equity Future 0.05% 0.05% 0.03%
Equity Options 10/ Per Lot 10/ Per Lot 10/ Per Lot
DIRECT Trade (Trading Platform) Rs. 2999 Per Year Rs. 2999 Per Year Free for 12month
Call & Trade Service Free 20 calls per month Free 20 calls per month Free 20 calls per month
  • *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.

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

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.

FAQs

1. What is "India, [email protected] Plan" offered by Axis Direct?

This is Axis Directs new Plan which was started from 1st April 2019, where there customer can avail benefits of flat brokerage of Rs.20 per executed order by maintaining an average quarterly balance of Rs 75,000 with Axis Bank.

2. Whether "[email protected] Plan" would be applicable for all kind of trade?

"[email protected] Plan" Brokerage Plan of Rs.20 per executed order is applicable for Equity & Equity Derivatives products only that means Equity Delivery, Equity Future & Equity Options Trade.

3. Does Axis Directs "[email protected] Plan" would get applied to commodity trading as well?

No, Axis Directs "[email protected] Plan" is not applicable for commodity trading, they would be charged at the default brokerage plan as below.

· Commodity Futures : 0.03% each side

· Commodity Options : Rs. 50 Per Lot

· Minimum Charges: Rs. 25 per Order

4. Does Axis Directs "[email protected] Plan" would get applied to Currency trading as well?

No, Axis Directs "[email protected] Plan" is not applicable for Currency trading, they would be charged at the default brokerage plan as below.

· Currency Futures : 0.03% each side

· Currency Options: Rs. 20 Per Lot

· Minimum Charges: Rs. 10 per Order

5. Do I need to open a Bank account with Axis Bank to avail "[email protected] Plan"?

No, it is not compulsory to have an account with Axis Bank to avail [email protected] Plan, Non-Axis Bank customers can also avail the scheme by paying Rs 250 per month.

6. What are the terms & condition to avail [email protected] Plan of Axis Direct?

· Need to maintain the Average quarterly balance of Rs.75000 in Axis Bank account

· Non-Axis Bank customers to Pay Rs 250 per month.

· Call & Trade Service charges : Rs.20 (additional)

· Brokerage Plan Modification Charge: ₹500 per quarter

Axis Direct Equity Trading Charges 2019

Charges Equity Delivery Equity Intraday
Brokerage 0.50% or min Rs.25/- per executed order whichever is Higher (Both Buy & Sell) 0.05% or min Rs.25/- per executed order whichever is Higher (Both Buy & Sell)
STT 0.01% on Both Side(Buy and Sell) 0.025% on the Sell side
Transaction / Turnover charges 0.00325% 0.00325%
SEBI Charges 15 Rs/Crore 15 Rs/Crore
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.01% Depends on state to State 0.002% - Depends on state to State

Axis Direct F&O Trading Charges 2019

Charges Equity Future Equity Options
Brokerage 0.05% or Rs 25 per lot, whichever is higher. Rs.10/ Per Lot
STT 0.01% On the Sell side 0.017% On the Sell
Transaction / Turnover charges NSE : 0.00190% NSE : 0.05%
SEBI Charges 15 Rs/Crore 15 Rs/Crore
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.002% - Depends on state to State 0.002% - Depends on state to State

Axis Direct Currency Trading Charges 2019

Charges Currency Future Currency Options
Brokerage 0.05% or Rs 25 per lot, whichever is higher. Rs.10 Per lot
STT NA NA
Transaction / Turnover charges NSE : 0.00190% NSC : 0.05%
SEBI Charges 15 Rs/Crore 15 Rs/Crore
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.002% - Depends on state to State 0.002% - Depends on state to State

Margin / Leverage/Exposure offered by Axis Direct

Trade Type Margin
Equity _Intraday Up to 10 Times
Equity Future NA
Equity Options NA
Currency Future NA
Currency Options NA
Commodities NA

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.