Axis Direct Charges – Find Brokerage Charges, Account Opening Charges and more

In this article you will find every details regarding Axis direct charges. We will do detailed review of Axis Direct Brokerage charges, their account processing charges, transaction charges on asset classes and various other charges that set by the government.

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 of 2019
Equity Delivery0.50%
Equity Intraday0.05%
Equity Futures0.05%
Equity OptionsIntraday Rs 0.01, Carry Forward: Rs 10 per lot
Currency Futures0.05%
Currency OptionsIntraday Rs 0.01, Carry Forward: Rs 10 per lot
CommodityNA
Flat Monthly Fees, if anyNA

Axis direct sets brokerage charges for equity delivery as 0.50%, for equity Intraday, equity futures and currency futures are 0.05% respectively and for equity options and currency options are Intraday Rs. 0.01, carry forward: Rs. 10 per lot.


Axis Direct Special Brokerage Plans

Here are the special brokerage plans for Axis Direct.

SPECIAL PLANS
Plan:AxisDirect Brokerage Plan [Investment Plus Plan]
SegmentBrokerage Fee
Flat Monthly FeeRs 1500 for 6 Months
Equity Delivery0.50%
Equity Intraday0.05%
Equity Futures0.05%
Equity OptionsIntraday Rs 0.01, Carry Forward: Rs 10 per lot
Currency Futures0.05%
Currency OptionsIntraday Rs 0.01, Carry Forward: Rs 10 per lot
Commodity
Plan:AxisDirect Brokerage Plan – Now or Never Plan
SegmentBrokerage Fee
Flat Monthly FeeRs 5555 for 10 years
Equity Delivery0.25%
Equity Intraday0.03%
Equity Futures0.03%
Equity OptionsIntraday Rs 0.01, Carry Forward: Rs 10 per lot
Currency Futures0.03%
Currency OptionsIntraday Rs 0.01, Carry Forward: Rs 10 per lot
Commodity

There are two special plans are set by the Axis direct brokerage. The first one is investment plus brokerage plan and the second one is now or never brokerage plans.

The monthly brokerage fee of first plan is Rs. 1500 for 6 months, whereas monthly fee for second plan is Rs. 5555 for 10 years.

In the first plan, the brokerage charges for equity delivery, equity Intraday, equity futures and currency futures are 0.05% respectively.

Whereas in the second plan the brokerage charges for  equity Intraday, equity futures and currency futures are 0.03% and for equity delivery is 0,25% respectively.

The brokerage charges for equity options and currency options in both plans are same that are Intraday Rs. 0.01, carry forward Rs. 10 per lot.


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    Axis Direct Account Opening Charges

    Find below the detailed table of Axis direct account opening charges:

    Account Opening Charges of 2019
    Account Processing ChargesNil
    Trading Account Opening Charges [One Time]Rs 999
    Trading AMC [Yearly]Rs 0
    Demat Account Opening Charges [One Time]Rs 0
    Demat AMC [Yearly]Rs 650
    Margin MoneyRs.5000

    Axis direct securities is not taking any charges for account processing, and demat account opening. All they require from their clients are Rs.999 as a trading account opening charges and Rs.650 as a demat account annual maintenance charges.

    The margin money set by the Axis direct are Rs.5000 only.


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    Axis Direct Securities Transaction Charges

    Get the detailed of transaction charges levied by Axis direct:

    Transaction Charges 2019
    Equity Delivery0.00325%
    Equity Intraday0.00325%
    Equity Futures0.00190%
    Equity Options0.05000%
    Currency Futures0.00190%
    Currency Options0.05000%
    CommodityNA

    Axis direct securities levied transaction charges for equity delivery and equity intraday are 0.00315% an for equity futures and currency futures are 0.00190% and for equity futures and currency futures are 0.05000% respectively.


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    Axis Direct Securities Other Other Charges

    Get detailed table of Axis direct securities other charges:

    Other Charges 2019
    SEBI Turnover Charges0.0002% of Total Turnover
    STT0.0126% of Total Turnover
    Stamp Duty0.002% – 0.004% – Depends on State
    GST18% of (Brokerage + Transaction Charges)
    Margin Funding Charges18% + GST
    Reactivation ChargesRs.75 per Segment
    Account Closure ChargesRs.60 per Segment
    Dematerialisation ChargesRs.25

    Axis direct securities levied SEBI turnover charges that is 0.0002% of total turnover and STT which apply on both buy and sell sides are 0.0126% of total turnover.

    The stamp duty charges that set by state governments are lies betweeb 0.002%- 0.004% respectively. The GST charge is 18% of ( brokerage+ transaction charges). Axis direct sets the margin funding charges that are 18%+ GST.

    The account closure charges levied by the Axis direct are Rs. 60 segment and reactivation charges Rs. 75 per segment. The dematerilsation charges are Rs. 25 only.


    Axis Direct Brokerage Charges FAQs

    Ques – Does Axis Direct Charge Brokerage?

    Answer – 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.

    Ques – What is Axis Direct Brokerage Charges?

    Answer – Going through the charge list of Axis Direct, the brokerage for Equity delivery is 0.50%, for intraday, futures and currency futures it is 0.05%. Finally for options and currency options it is Intraday Rs 0.01, Carry Forward: Rs 10 per lot.

    Ques – What is Intraday Brokerage of Axis Direct?

    Answer – Investing in the intraday segment precisely demands the users to pay a brokerage of 0.05%. This is a tiny charge which is levied by the firm in order to attract more and more investors to this specific investment domain.

    Ques – What other Charges levied by Axis Direct?

    Answer – We have the information of the other charges you must incur along the course of 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.

    Ques – Is Axis Direct a discount broker?

    Answer – No, Axis Direct is not a discount broker, but is a full service stock broker. They provide all the services of stock broking house and this include the research and advisory service, which is generally not provided by the discount brokers.

    Ques – Does Axis Direct have Free Delivery?

    Answer – No, free delivery is not included by this stock broking house, as it is by a lot of other major players. Speaking of the facts, the brokerage rate for the deliver segment is the highest in the list of brokerage that this stock broker takes from its traders.

    Ques – How much Axis Direct Charge for Options?

    Answer – For investing in either of the segments, i.e. for the domain of Equity options and also for the domain of currency options, the brokerage charge is Intraday Rs 0.01, Carry Forward: Rs 10 per lot. This is charged individually for both the segments.

    Ques – What are Axis Direct Transaction Charges?

    Answer – As far as the transaction charges are concerned, the charge for equity delivery and equity intraday is 0.00325%. On the other end, the charge for futures and currency futures is 0.00190%. Finally, for the options and currency options segment, it is 0.05000%.

    Ques – What is the Demat AMC in Axis Direct?

    Answer – The AMC is referred to account maintenance charge, and the charge depends upon the broker in concern. As for this stock broker, the charge is Rs.650, which must be paid once every month. This is more than the industry average, where a lot of stock brokers also decide to waive it off.

    Ques – Is Axis Direct Brokerage Free?

    Answer – 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.


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