Aditya Birla Money Vs AxisDirect (Compare Aditya Birla Money and AxisDirect)


Aditya Birla Money
Incorporated in 1994, Aditya Birla Money Ltd (ABML) is a subsidiary of Aditya Birla Capital Limited and is headquartered in Chennai. The company was formerly known as Apollo Sindhoori Capital Investments. It is engaged in stock broking business and is a member of BSE and NSE. It also holds Portfolio Management Services (PMS) license from SEBI and is a Depository Participant with National Securities Depository Limited ("NSDL") and the Central Depository Services (India) Limited ("CDSL"). The comp... Know more about Aditya Birla Money Ltd


AxisDirect
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. AxisDirect offers investment in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and Company Fixed Deposits. Axis Sec also offers Home Loa... Know more about Axis Securities

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Aditya Birla Money Vs AxisDirect

Incorporated in 1994, Aditya Birla Money is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 800 branches across India. Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 branches across India.

  Aditya Birla Money AxisDirect
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX
Year of Incorporation 1994 2006
Number of Branches 800 56
Open an Online Trading Account with Aditya Birla Money.Open an Online Trading Account with AxisDirect.
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Aditya Birla Money Vs AxisDirect Charges & AMC

Aditya Birla Money trading account opening charges is Rs 750 while AxisDirect account opening changes is Rs 900. Aditya Birla Money Demat Account AMC Charges is Rs 436 and AxisDirect Demat Account AMC Charges is Rs 650.

  Aditya Birla Money AxisDirect
Trading Account Opening Charges Rs 750 Rs 900
Trading Account AMC Charges Nil Rs 0
Demat Account Opening Charges Nil Rs 0
Demat Account AMC Charges Rs 436 Rs 650
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Aditya Birla Money Vs AxisDirect Brokerage Charges & Plans

Aditya Birla Money Vs AxisDirect Brokerage

Aditya Birla Money brokerage charges for equity is 0.30% and intraday is 0.03% whereas AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05%.

  Aditya Birla Money AxisDirect
Account Type Standard Brokerage Plan
Fixed Charges NA
Equity Delivery 0.30% 0.50%
Equity Intraday 0.03% 0.05%
Equity Futures 0.03% 0.05%
Equity Options Rs 50 per lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures 0.03% 0.05%
Currency Options Rs 50 per lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l
Commodity Futures 0.03% 0.03%
Commodity Options Nil Rs 50 per lot
Special Offer

Aditya Birla Money Charges Vs AxisDirect

Minimum Brokerage Rs 20 per executed order Rs 20 per trade
Other Charges
Call & Trade Charges Nil Rs 20 per call
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Aditya Birla Money Vs AxisDirect Transaction Charges

Aditya Birla Money transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while AxisDirect exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium).

  Aditya Birla Money AxisDirect
Equity Delivery Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures Rs 190 per Cr (0.0019%) NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium)
Currency Futures Rs 110 per Cr (0.0011%) Rs 190 per Cr (0.0019%)
Currency Options Rs 4000 per Cr (0.04%) (on premium) Rs 5000 per Cr (0.05%) (on premium)
Commodity MCX - Rs 300 per Cr (0.003%) | NCDEX - Rs 400 per Cr (0.004%)
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Aditya Birla Money Vs AxisDirect Leverage (Margin)

Aditya Birla Money margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the AxisDirect margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  Aditya Birla Money AxisDirect
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Aditya Birla Money and AxisDirect Features

The trading platforms offered Aditya Birla Money include Etrade, Advanced web, Mobile invest. AxisDirect offers DirectTrade, Axisdirect Web, Axisdirect Mobile trading software.

  Aditya Birla Money AxisDirect
3 in 1 Account No Yes
Charting Yes Yes
Automated Trading No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Etrade, Advanced web, Mobile invest DirectTrade, Axisdirect Web, Axisdirect Mobile
Intraday Square-off Time 3:15 3:15
Other Features Insurance and Pension scheme available
Referral Program Yes
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Aditya Birla Money Vs AxisDirect Review

Aditya Birla Money is rated 2.9 of 5 based on 21 customer reviews whereas AxisDirect is rated 2.1 of 5 based on 71 customer reviews.

  Aditya Birla Money AxisDirect
  21 Customer Reviews    Rate Aditya Birla Money 71 Customer Reviews    Rate AxisDirect
Fees 3.1 2.0
Brokerage 3.1 1.7
Trading Platform 3.0 2.6
Customer Service 2.8 2.2
Research Capabilities 3.7 2.9
Overall Ratings Rated 2.9 stars Rated 2.1 stars
Broker Rating Aditya Birla Money is rated 2.9 of 5 based on 21 customer reviews AxisDirect is rated 2.1 of 5 based on 71 customer reviews
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  Aditya Birla Money Enquire AxisDirect Enquire
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Aditya Birla Money Vs AxisDirect Investment Options

  Aditya Birla Money AxisDirect
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Mutual Funds Loans, ETF, Corporate FD
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Aditya Birla Money Vs AxisDirect Order Type Offered

  Aditya Birla Money AxisDirect
Bracket Order No No
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) No Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No No
Good Till Cancelled (GTC) Yes Yes
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Aditya Birla Money Vs AxisDirect Research Report

  Aditya Birla Money AxisDirect
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Aditya Birla Money Vs AxisDirect Suitable For Investor Type

  Aditya Birla Money AxisDirect
Casual Investor Yes Yes
Active Investor
Trader
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Aditya Birla Money Vs AxisDirect - Pros and Cons

  Aditya Birla Money AxisDirect
Pros
  1. ABM offers 2 in 1 account which is Trading cum Demat account
  2. No Call and Trade charges
  3. Fund transfer facility available from more than 11 banks
  4. ABM offers Portfolio Tracker which is one stop shop for your entire portfolio
  1. Offers 3-in-1 investment account
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
Cons
  1. Doesn't offer online account opening facility
  2. Brokerage calculator is not available
  3. Doesn't have Referral program
  • Minimum Average Quarterly Balance(AQB) of Rs 75,000 in bank account is required. Rs 250 per month fee if minimum balance not maintained.
  • Charges Rs 250 per month fee if you are not an axis bank customer.
  • Install-able trading terminal cost at Rs 2999 per year which is mostly free by all discount brokers
  • Higher commodity and currency trading brokerage.
  • Call & Trade is charged Rs 20 extra per trade
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