Edelweiss Broking Ltd. is a full-time broker company operating in the capital market for more than a decade. It is part of the Edelweiss Group, one of the leading companies that provide financial services in India. It's products and services span multi-asset classes and caters to a diversified set of clients including corporations. individuals and organizations. Claiming to be your wealth advisor, Edelweiss has earned several awards in the category of best broking and digital services over the years.
Founded back in 1995, The Edelweiss group commenced the commodity trading business in 2008. It is a Mumbai-based share broking company with a client base of 12 lakh spread across 200 locations in India. One of the biggest milestones of Edelweiss was the acquisition of The Jaypee Morgan Asset Management Company(AMC) in 2016. It is a registered broker with the NSE, BSE, MCX and NCDEX exchanges that
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.
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
Charge | Edelweiss | AxisDirect |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹0 | ₹999 (For a 3-in-1 Account) |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹500 p.a. (For 1st year: Free) | ₹650 per year (free for 1st year) |
Charge | Edelweiss | AxisDirect |
---|---|---|
Plan Name | Lite Plan | N/A |
Equity Delivery | ₹10 per executed order | 0.50% |
Equity Intraday | ₹10 per executed order | 0.05% |
Equity Futures | ₹10 per executed order | 0.05% |
Equity Options | ₹10 per executed order | ₹0.01 or ₹10 per lot |
Currency Futures | ₹10 per executed order | 0.05% |
Currency Options | ₹10 per executed order | ₹0.01 or ₹10 per lot |
Commodity Options | N/A | Futures: 0.03% and Options: ₹50 per lot |
Mutual Fund | N/A | N/A |
Segment | Edelweiss | AxisDirect |
---|---|---|
Equity Delivery | Upto 10x | 1x |
Equity Intraday | Upto 40x | Upto 10x |
Equity Future | 40x | 1x |
Equity Options | Nil | 1x |
Currency Future | 1.5x | 1x |
Currency Options | Nil | 1x |
Commodity Future | Upto 6x | 3x |
Commodity Options | N/A | 1x |