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Incorporated in 2005, Axis Securities Ltd is part of Axis Bank, a leading private bank in India. Axis Sec is a full-service broker offering stock broking services and distribution of financial products to retail customers in India through its AxisDirect brand. AxisDirect is among top 10 stock brokers in India with over 4.2 lakhs active customers.
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AxisDirect offers stock trading account and Demat account services. Customer pays the fees, commission and taxes while trading with AxisDirect. AxisDirect fee structure and trading commission rates are explained as below.
To open AxisDirect account you have to pay account opening charges and annual maintenance charges (AMC).
| 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 |
Customer pays a commission (brokerage) when buying or selling stocks through AxisDirect. The brokerage charges for equity, commodities and currency derivative trading for AxisDirect are explained as below.
| 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 |
The Demat account transactions are charged separately from the trading commission. Find AxisDirect Demat account charges 2022.
| Trasnaction | Charges |
|---|---|
Account Opening Charges |
Nil |
Annual Maintenance Charges (AMC) |
For Axis Bank Customers: Rs 750 p.a (First year free) For Other Bank Customers: Rs 2,500 p.a |
Demat Charges |
Rs 5 per certificate or Rs 50 per request, whichever is higher. |
Remat Charges |
Rs 20 for every 100 securities or part thereof or Rs 50 per request, whichever is higher. |
Credit Transactions |
NIL |
Debit Transactions |
0.04% of the value of the transaction or Rs 25 (per instruction) whichever higher. |
Failed / Rejected Instruction |
Rs 10 per Instruction |
Ad-hoc Statement |
Rs 100 per Statement |
DIS Booklet Charge |
NIL |
Account Modification Charges |
NIL |
Pledge - Creation, Closure or Invocation |
0.04% of the value of the transaction or Rs 50 (per Instruction) whichever is higher. |
A combination of Exchange Turnover Charge and Trade Clearing Charge. Know more about Transaction Charges .
| 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 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.
| Tax AxisDirect | Rates |
|---|---|
| |
Exchange Transaction Charges | |
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 Bank offers Trade@20 plan for stock trading. This plan offers Equity and Equity Derivatives trading at BSE and NSE. In this plan, the brokerage is charged at a flat rate of Rs 20 per trade when you maintain a minimum 'Average Quarterly Balance' of Rs 75,000 in the Axis Bank account linked to the trading account.
If you do not maintain 'Average Quarterly Balance', you are moved to default Fixed Brokerage Plan where you are charged the brokerage in % (i.e. Equity Delivery at 0.50%).
Yes, a non-Axis bank account holder can open a trading and demat account with Axis Securities and avail the Trade@20 Plan by paying an additional Rs 250 per month maintenance fee.
Axis bank Rs 20 per trade plan (Trade@20 Plan) is designed for 3-in-1 account holders who maintain a minimum 'Average Quarterly Balance' of Rs 75,000 in their linked Axis Bank account.
No, Axis Trade@20 plan (Rs 20 per trade) is not for commodity trading at MCX. For commodity trading customer has to pay default fixed brokerage as below:
No, Axis Trade@20 plan (Rs 20 per trade) is not for currency derivatives. For currency trading customer has to pay default fixed brokerage as below:
Zerodha (Trade with the best stock broker)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
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Information on this page was last updated on Friday, April 24, 2020
Zerodha (Trade with the best stock broker)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
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