-2.84% 50,125 Clients
IDBI Direct is one of the leading full-service brokers in India with a wide offline presence, strong parent company, good management, Low Complaints to active clients ratio, and happy customers feedback. IDBI Bank Ltd (net worth Rs 34024.37 cr), which is leading banks in India, is a promoter of the broker.
IDBI Direct provides a platform to invest across Equities, F&O, Mutual Funds, and IPOs. It is among the top 10 mutual fund distributors in India.
IDBI Direct is a registered broker with SEBI, NSE, and BSE. It offers depository services with both NSDL and CDSL depositories in India.
Here are the key facts about Axis Securities as of Aug 2020.
Incorporated in 1993, IDBI Capital is a public unlisted company. It has a strong management team to handle the diversified financial products of the company. The company also distributes the third party products.
IDBI Bank Ltd is a parent company of IDBI Direct. The net worth of IDBI Bank is Rs. 3 billion with a 200 employees base. Being backed by a strong parent company, IDBI Capital has strong financial support as the parent company can assist the broker in the financial crisis.
IDBI Bank Ltd is a listed company in the stock market. The promoter's public presence makes it easy for the investors to know the maximum about the company's financial data. It becomes easy for the clients to track the company's internal functioning and asset conditions.
IDBI Direct's ratio of complaints to active clients is least as compared to other brokers on the exchange.
IDBI Capital is a Mumbai-based stock broker with Pan-India presence. It offers both online and offline services. It has a strong offline network with a presence in more than 19 cities across India. For the clients who want in-person services can visit the nearby branches of the broker.
IDBI Capital offers a pool account that is a broker's account to keep the securities before going to a Demat account. The broker can use this fund for creating collateral to get loans from different institutions.
IDBI Capital offers a percentage based brokerage plan. It doesn't offer fixed and discounted brokerage plans. For some investors, it can be quite confusing to understand the brokerage charges across different segments as the broker charges as per the trade volume and segments.
IDBI Capital is a registered broker with the Securities and Exchange Board of India. It also works as a corporate member with BSE and NSE. The broker works with both the central depositories in India, NSDL and CDSL, to offer Demat account services.
IDBI Capital's various membership details are as follows:
IDBI Direct is a stockbroker in India with reliable services and a good reputation. It has a strong parent company, lower complaints to active client ratio, good management team, the net worth of more than Rs 3 billion (IDBI Bank), and strong offline presence making it one of the trustworthy brokers in India.
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Information on this page was last updated on Tuesday, October 1, 2019
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