AxisDirect vs Indiabulls 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 Indiabulls
India bulls ventures Ltd. is a flagship company of the Indiabulls group operating in the capital market since 1999 with multiple subsidiary companies fields like housing finance, personal wealth as well as a presence in Real estate, pharmaceuticals, and infrastructure sector.
Formerly known as Indiabulls Securities Ltd, it re-launched its trading platform under the name \Indiabulls Shubh\ in 2019. It is one of the largest discount brokers in India with a client base of approximately 7 lakhs spread across 18 cities.
India Bulls Stock Broker: An overview
The broking venture under the India bulls company is known in the market by the name of 'Shubh'. this broking firm was founded in 1995 by Sameer Gehlot and has managed to gain nationwide recognition and trust ever since. This Mumbai-based firm provides integrated financial services such as Stock broking, Demat account, Equity Research, and Margin Funding.
India bulls Shubh pioneered the online trading platform facility
AxisDirect vs Indiabulls Account Opening Charges: 2024
| Charge | AxisDirect | Indiabulls |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹999 (For a 3-in-1 Account) | ₹500 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹650 per year (free for 1st year) | ₹450 |
AxisDirect vs Indiabulls Brokerage Charges and Plans : 2024
| Charge | AxisDirect | Indiabulls |
|---|---|---|
| Plan Name | N/A | Equity Unlimited Trade Plan |
| Equity Delivery | 0.50% | ₹0 |
| Equity Intraday | 0.05% | ₹0 |
| Equity Futures | 0.05% | ₹15 per trade |
| Equity Options | ₹0.01 or ₹10 per lot | ₹15 per trade |
| Currency Futures | 0.05% | ₹15 per trade |
| Currency Options | ₹0.01 or ₹10 per lot | ₹15 per trade |
| Commodity Options | Futures: 0.03% and Options: ₹50 per lot | 0.03% |
| Mutual Fund | N/A | N/A |
AxisDirect vs Indiabulls Margin / Exposure: 2024
| Segment | AxisDirect | Indiabulls |
|---|---|---|
| Equity Delivery | 1x | 1x (No margin) |
| Equity Intraday | Upto 10x | Upto 5x |
| Equity Future | 1x | Intra-day: 4x | Carry forward: 1x |
| Equity Options | 1x | Intra-day: 4x | Carry forward: 1x |
| Currency Future | 1x | Intra-day: 2x | Carry forward: 1x |
| Currency Options | 1x | Intra-day: 2x | Carry forward: 1x |
| Commodity Future | 3x | N/A |
| Commodity Options | 1x | N/A |