Axis Direct Charges – Find Brokerage Charges, Account Opening Charges and more
Last Updated Date: Apr 13, 2023In this article, you will find every detail regarding Axis direct charges.
We will review Axis Direct Brokerage charges, their account processing charges, transaction charges on asset classes, and various other charges that the government sets.
So, let’s review the charges tables and their details.
Axis Direct Brokerage Charges
Find the details related to Axis direct brokerage charges:
| Brokerage Charges | |
| 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 |
Axis directly sets brokerage charges for equity delivery as 0.50%. For equity Intraday, equity futures and currency futures are 0.05%, respectively. Equity options and currency options are Rs.10 per lot size.
You can also opt for the commodity segment trading, and you will have to pay Rs.50 per lot for options here.
As for commodity futures, you have to pay FLAT 0.03% (or Rs 50 per order, whichever is higher) worth of brokerage.
Want to know more about Axis Direct and its operations, check out the Axis Direct Review section.
Axis Direct Special Brokerage Plans
Here are the special brokerage plans for Axis Direct.
| SPECIAL PLANS | |
| Plan: | AxisDirect Fixed Plan |
| Segment | Brokerage Fee |
| Flat Monthly Fee | Rs 999 |
| Equity Delivery | 0.50% |
| Equity Intraday | 0.05% |
| Equity Futures | 0.05% |
| Equity Options | Rs 20 per lot |
| Currency Futures | 0.05% |
| Currency Options | Rs 20 per lot |
| Currency Futures Trading | 0.05% |
| Currency Options Trading | Rs.20/ lot |
| Plan: | AxisDirect Brokerage Plan [Investment Plus Plan] |
| Segment | Brokerage Fee |
| Flat Monthly Fee | Rs 1500 for 6 Months |
| Equity Delivery | 0.50% |
| Equity Intraday | 0.05% |
| Equity Futures | 0.05% |
| Equity Options | Rs 20 per lot |
| Currency Futures | 0.05% |
| Currency Options | Rs 20 per lot |
| Currency Futures Trading | 0.05% |
| Currency Options Trading | Rs.20/ lot |
| Plan: | AxisDirect Brokerage Plan – Now or Never Plan |
| Segment | Brokerage Fee |
| Flat Monthly Fee | Rs 5555 for 10 years |
| Equity Delivery | 0.25% |
| Equity Intraday | 0.03% |
| Equity Futures | 0.03% |
| Equity Options | Rs.20/ lot |
| Currency Futures | 0.03% |
| Currency Options | Rs.20/ lot |
| Currency Futures Trading | 0.03% |
| Currency Options Trading | Rs.20/ lot |
Special Plans
Brokerage charges are unarguably a vital topic worth discussing before heading to your first trade at Axis Direct. The broker offers brokerage-free services on market segments.
But other fees such as a flat monthly fee of Rs 999, brokerage on equity delivery orders such as 0.50%, and brokerage on equity intraday and future orders are 0.05% must be noted. The fee structure can be influenced by the Plan you choose.
As you can see in the tables above, Axis Direct offers three different brokerage plans – Axis Direct Fixed Plan, Investment Plus Plan, and Now or Never Plan.
However, nothing is too different between plans from a charges viewpoint except a Flat Monthly fee of Rs 1500 that is charged every 6 Months from traders in the Direct Fixed Plan.
Similarly, a Rs 5555 Flat Fee is charged every ten years from clients in the Now or Never Plan.
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Axis Direct Account Opening Charges
Find below the detailed table of Axis direct account opening charges:
| Account Opening Charges | |
| Trading Charges [One Time] | Rs 0 |
| Trading AMC [Yearly] | Rs 0 |
| Demat Charges [One Time] | Rs 0 |
| Demat AMC [Yearly] | Rs 750 (From 2nd year) |
| Margin Money | Not required |
For many traders, Axis Direct could be an affordable alternative as the lowest fee structure of the broker is the reason that we will be discussed hereafter.
But now it’s time to disclose the Opening Account charges of Rs 999 that the broker charges from traders in its Fixed Plan.
However, these charges come with variations in other plans. Users opting for an Investment Plus Plan need to pay a subscription fee of Rs 1500, and there are no other charges to open an account with the broker.
Similarly, Now or Never Plan wants its user to submit a Rs 5555 subscription fee, and they’re no opening account charges for the Demat account. But it’s worth noting that the validity of the Investment Plan is for six months and ten years for the Now or Never Plan.
Compute your brokerage charges and fees with our Axis Direct Brokerage Calculator in detail.
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Axis Direct Securities Transaction Charges
Get the details of transaction charges levied by Axis direct:
| Transaction Charges | |
| 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 | NA |
Apart from trading activities conducted at the Axis Direct trading platform, transaction charges are also a considerable parameter where a user may pay some hefty charges.
Such as, users pay Rs 325 Transaction fees for NSE trade equity delivery orders and Rs 300 for BSE equity delivery orders.
But fortunately, these charges are paid per crore value. Equity and currency options have the highest transaction fee whopping Rs 5000.
So make sure you have it noted before proceeding with any trade. Beginners with limited capital need not worry about them as they have nothing to do with your transactions.
Axis Direct Securities Other Charges
Get the detailed table of Axis Direct Securities other charges:
| Other Charges | |
| Reactivation Charges | Rs 20 per instruction |
| Account Closure Charges | NIL |
| Dematerialisation Charges | Rs 5/- per certificate or Rs 50/- per request, whichever is higher. |
| Margin Repledge | Rs. 13.5 + Rs. 13.5 (Rs. 27 per scrip) |
| Remat Charges | Rs.20/- for every 100 securities or part thereof or Rs.50/- per request, whichever is higher. |
| Courier Charges perDemat / Remat/ Demat Rejection | Rs.100/- |
| Ad-hoc Statement | Rs.100/- per Statement |
| DIS Booklet Charge | First DIS Book (10 Leaves): NIL Additional Booklet(10 Leaves): Rs.100/- |
| Account Modification Charges | Modification in CML: Rs.25/-per request KRA Upload/ Download: Rs. 50/- |
| Credit Transactions | NIL |
| Debit Transactions (Other than Debt Securities) | 0.04% of the value of the transaction or Rs.25/- (per Instruction) whichever is higher. |
| Debit Transactions (Debt Securities) | 0.01% of the value of the transaction subject to a minimum of Rs.50/- & maximum of Rs.500/- per transaction |
| Failed / Rejected Instruction | Rs.10/- per Instruction |
| NDU (Non-Disposal Undertaking) services charges | |
| Creation/ Closure / Invocation | 0.02% of the value of the transaction or Rs. 50/- (per Instruction) whichever is higher |
| SPEED-e (Applicable for NSDL)Charges | |
| SPEED-e Annual Maintenance charges | NSDL Charges (at actual) |
| SPEED-e Debit Transactions | Rs.25/- per Instruction |
| Freezing Instruction on SPEED-e | Rs. 125/- per Instruction |
| Quarterly(Physical) Statement | Rs. 50/- |
| MUTUAL FUND Charges | |
| Debit Transactions | Rs.25/- per Instruction |
| Conversion of MF units represented by SOA into dematerialized form | NIL |
| Conversion of MF units represented by SOA into dematerialized form | Rs.50/- per request as courier charges for mutual fund units |
| Reconversion of MF units into SOA | Rs.50/- per Instruction |
| Redemption of MF units through Participants | Rs.25/- per Instruction |
| Pledge Creation / Closure / Invocation | Rs.25/- per Instruction |
Other Charges
As the table above shows, other charges cover some never-to-be-heard-before charges. Such as Pledge Creation and Pledge Invocation, Remat, Margin Repledge charges, and many others.
At first glance, these multiple charges may sound quite intimidating, but it is only until you know their specified condition. You don’t need to pay every charge here. These charges are just built for specific services or conditions.
Wherever a user is found guilty or eligible to pay these charges, they will have no option to comply with the same. Such as Account Reactivation charges aren’t charged to everyone but only to users who want to restart trading with the broker.
Axis Direct Regulatory & Government Charges
| Segments | Charges |
| SEBI Turnover Charges | 0.0001% (₹10/Crore) |
| STT | Equity Delivery: 0.1% on both Buy and Sell Equity Intraday: 0.025% on the Sell Side *Equity Futures: 0.01% on Sell Side Equity Options: 0.05% on Sell Side(on Premium) Commodity Futures: 0.01% on sell-side (Non-Agri) Commodity Options: 0.05% on sell-side Currency F&O: No STT On Exercise transaction: 0.125% Right to entitlement: 0.05% on sell-side |
| 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) |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
Regulatory and Government Charges are some of the biggest charges, enough to multiply deductions from the final value. But fortunately, the conditions attached to them don’t make things that worse.
Such as Government Tax on Brokerage services is 18%, but it may be charged only when a user makes a profit.
On the other hand, Regulatory Charges are enduring, such as SEBI Turnover charges are 0.0001% per Rs 10 crore value. Similarly, STT and stamp duty also brings some additional charges to the table.
Axis Direct Brokerage Charges – Conclusion
Without a doubt, Axis Direct’s charges are reasonable. The broker doesn’t charge any fee or commission for unfair means.
The starting is a bit tough for new users with limited capital as they need to pay Rs 999 to open an account with Axis Direct. But after that, things turn in their favour as brokerage charges are almost NIL.
Big traders with extensive capital must be aware of transaction charges and other fees charged for the value in crore above.
Axis Direct Brokerage Charges FAQs
Here is the list of FAQs related to the Axis Direct brokerage charges:
Does Axis Direct Charge Brokerage?
Yes, investing with Axis Direct, the investors or traders are obligated to pay a brokerage. This is a must routine which is followed, irrespective of the segment you choose for investment. You have to pay the brokerage as per the segment investment that you undertake.
What are Axis Direct Brokerage Charges?
Axis Direct Brokerage Charges aren’t that stress-ridden. The broker charges a mere 0.50% on equity delivery orders. Similarly, equity Intraday and Equity Futures have the lowest 0.05% charges. Similar charges can be viewed on currency futures.
What is the Intraday Brokerage of Axis Direct?
Investing in the intraday segment demands that users pay a brokerage of 0.05%. This is a small charge that the firm levies to attract more and more investors to this specific investment domain.
What Other Charges were levied by Axis Direct?
We have the information on the other charges you must incur along your trading journey. Brokerage, transactional charges, SEBI Turnover Charges, STT, Stamp Duty, GST, Margin Funding charges, and other petty charges are incurred on every transaction.
Is Axis Direct a discount broker?
No, Axis Direct is not a discount broker but is a full-service stockbroker. They provide all the services of a stockbroking house, including research and advisory service, which is generally not provided by discount brokers.
Does Axis Direct have Free Delivery?
No, free delivery is not included by this stock broking house, as it is by many other major players. Speaking of the facts, the brokerage rate for the delivery segment is the highest in the list of brokerages that this stockbroker takes from its traders.
How much does Axis Direct Charge for Options?
Options traders must be aware of the charges per executed order at Axis Direct. Such as, if they are trading Equity Options, charges are Rs 0.01 per lot. But if they are trading currency options, charges are Rs 10 Per Lot and Rs 50 per lot on commodity options.
What are Axis Direct Transaction Charges?
Axis Direct Transaction Charges vary from one trading instrument to another, making it difficult to evaluate the exact figure. But for your quick insights, the broker charges a transaction fee from Rs 190 to Rs 5000 per transaction made in crore.
What is the Demat AMC in Axis Direct?
The Demat account maintenance charges are Rs 750 at Axis Direct, which are charged from the 2nd year onwards from the new user.
Is Axis Direct Brokerage Free?
No, the stock broking house has no provision as that of free brokerage. This is not even provided for one single segment. However, the charges vary from one segment to another and so, you need to consider the charges of the segment you wish to invest in.
Is the Axis Demat account free?
No Axis Demat Account isn’t free. Users are required to pay Rs 999 for account opening charges that go higher as they pick bigger plans.
What is the AxisDirect account?
Axis Direct Account is a trading or investment account that lets users invest in their favourite investment market. It only takes a few registration details to get started.
What is the fund limit in AxisDirect?
The Axis Direct broker offers a 1,00,000 fund limit (in the cash segment), but it is increased by 1,00,000 when trading for the day.
What are the demat charges of AxisDirect?
Demat charges of Axis Direct start from the account opening fee and end with Account Maintenance Fees. Other charges, including brokerage charges and transaction fees, are also covered.
How do I cancel my AxisDirect SIP?
SIP investors can cancel their SIP Plan by simply logging into Axis Direct and then Cancelling the SIPs in the order section.
Is Axis Direct expensive?
Not at all. Broker charges for account opening are relatively higher than average. But it is worth the cost because brokerage and other charges are fairly affordable.
What is Axis Bank’s Trade@20 Plan?
Trade@20 Plan by Axis Bank is built for stock trading. The Plan covers Equity and Equity Derivatives trading at BSE and NSE.
Can I take Axis 20 per trade plan if I am not an Axis Bank customer?
Yes. Users can take Axis 20 per trade plan even if they aren’t existing customers of Axis Bank.
Does Axis Banks Trade@20 plan work for Commodity trading at MCX?
Unfortunately, it is a no. The Axis Trade@20 plan is not for commodity trading at MCX.
What are the hidden charges of the Axis Bank Trade 20 account?
Transaction fees, STT, Penalties, Account Reactivation, and Closure charges are some hidden fees levied by Axis Bank on its users.
What is AMC for AxisDirect?
Account Maintenance Charges for Axis Direct is Rs 750. The amount is charged yearly. If you are bigger, you are eligible to pay it from the second year onwards.
How much does AxisDirect charge for delivery?
Axis Direct Charges for Equity Delivery orders is 0.50% per executed order.
How much does AxisDirect charge for intraday?
Axis Direct charges for Equity Intraday orders are 0.05% per executed order.
How much does AxisDirect charge for futures and options?
Axis Direct charges for futures are 0.05% per executed order and Rs 10 per lot for options.
What are transaction charges in AxisDirect?
Transaction charges are the charges levied on every funding and withdrawal activity conducted by a user at Axis Direct.
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