AxisDirect vs Anand Rathi Comparison: 2024
About AxisDirect
It is the lineage of the Axis group and a subsidiary of India's third largest private sector bank. Axis direct provides a wide spectrum of investment and trading solutions to over 20 million clients. It won the title of Top Equity broker two years in a row 2018-19 by the BSE outlook. It allows trade via BSE, NSE, MCX and NCDEX exchange.
Axis Direct: Overview
The Mumbai-based subsidiary was started in 2011 by key people of the Axis group, B. Gopkumar (MD) and Anand Shaha (ED). It offers various financial products to its consumers like Mutual funds, SIP, Equity derivatives, IPO, ETFs, Tax Saving , Fixed income etc. With the motto and tagline of #SimpleHai Axis Direct aims to become a key player in the retails broking industry. They are a full-service broker firm with over 75 branches across India.
In addition to this, Axis direct provides the 3-in-1 account facility which
About Anand Rathi
Named after the Founder himself, Anand Rathi is one of the pioneers of stockbrokers in India. It has managed to outrank several competitors over the years and maintain its position as one of the top and most-sought-after stockbrokers. The company is a complete financial solution including services ranging from asset management to insurance and stock trading. Anand Rathi's PAN-India and tech-savvy operations makes them stand out of crowd. They have bagged several awards for the same in the past decades.
Anand Rathi: An Overview
The Anand Rathi is a full-service brokerage firm offering insightful research and advice to the traders and investors. Based in Mumbai, the company is a public sector company i.e. listed on the stock exchange. It is spread through a network of 350 branches and more than 1500 franchises in India and some parts of Dubai and Bangkok. They soon aim to expand their global position.
Founded in 1994
AxisDirect vs Anand Rathi Account Opening Charges: 2024
| Charge | AxisDirect | Anand Rathi |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹550 (One time) |
| Trading Acc Opening Charges | ₹999 (For a 3-in-1 Account) | ₹750 (One time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹650 per year (free for 1st year) | ₹299 from second year onward |
AxisDirect vs Anand Rathi Brokerage Charges and Plans : 2024
| Charge | AxisDirect | Anand Rathi |
|---|---|---|
| Plan Name | N/A | Standard Plan |
| Equity Delivery | 0.50% | 0.5% - 0.15% |
| Equity Intraday | 0.05% | 0.05% -0.015% |
| Equity Futures | 0.05% | 0.05% -0.015% |
| Equity Options | ₹0.01 or ₹10 per lot | ₹75 to ₹20 |
| Currency Futures | 0.05% | 0.05% -0.015% |
| Currency Options | ₹0.01 or ₹10 per lot | ₹75 to ₹20 |
| Commodity Options | Futures: 0.03% and Options: ₹50 per lot | 0.008% - 0.05% |
| Mutual Fund | N/A | N/A |
AxisDirect vs Anand Rathi Margin / Exposure: 2024
| Segment | AxisDirect | Anand Rathi |
|---|---|---|
| Equity Delivery | 1x | N/A |
| Equity Intraday | Upto 10x | N/A |
| Equity Future | 1x | N/A |
| Equity Options | 1x | N/A |
| Currency Future | 1x | N/A |
| Currency Options | 1x | N/A |
| Commodity Future | 3x | N/A |
| Commodity Options | 1x | N/A |