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
Finvasia, a financial services company providing a wide array of services in the the financial sector. With Finvasia Securities having its base in Chandigarh, it's an emerging platform to join the race of discount brokers in India.
Finvasia is an international wealth management and broking fintech company rapidly growing in the Indian arena. this technology-driven Firm offers a very diversified business model ranging from capital market advisory to commodity broking and everything in between. With the aim To promote direct investments, It currently operates in 14 countries including Australia, Brazil, Canada, London, and others. The Indian office of the broker is situated in Chandigarh.
Finvasia was founded by Ex-wall street professionals Sarvjeet Singh Virk and Tajinder Singh Virk in 2009 in Canada. The brother duo initially came to India as Foreign institutional investors(FII) but soon realized the need to create financial solutions for the Indian investor. The company provides
Charge | AxisDirect | Finvasia |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 (Free) |
Trading Acc Opening Charges | ₹999 (For a 3-in-1 Account) | ₹0 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹650 per year (free for 1st year) | ₹0 (Free) |
Charge | AxisDirect | Finvasia |
---|---|---|
Plan Name | N/A | Standard |
Equity Delivery | 0.50% | ₹0 |
Equity Intraday | 0.05% | ₹0 |
Equity Futures | 0.05% | ₹0 |
Equity Options | ₹0.01 or ₹10 per lot | ₹0 |
Currency Futures | 0.05% | ₹0 |
Currency Options | ₹0.01 or ₹10 per lot | ₹0 |
Commodity Options | Futures: 0.03% and Options: ₹50 per lot | ₹0 |
Mutual Fund | N/A | N/A |
Segment | AxisDirect | Finvasia |
---|---|---|
Equity Delivery | 1x | 1x |
Equity Intraday | Upto 10x | Upto 10x |
Equity Future | 1x | 2x |
Equity Options | 1x | 1x |
Currency Future | 1x | 1x |
Currency Options | 1x | 1x |
Commodity Future | 3x | 2x |
Commodity Options | 1x | 1x |