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
Kotak Mahindra Bank is a renowned bank that has well-established itself in the country and a pioneer in embracing newer technological implementations in the banking sector. It has thrived in offering surplus services and features to its customers to simplify the overall banking process.
With this, Kotak Mahindra also offers Kotak Securities, a subsidiary under its name that provides traders and investors alike to trade in the Stock Market. As a broker, it provides quite an impressive array of features and services, which does come in handy while trading and investing in the stock market.
Established in 1994 in Mumbai, Kotak Securities comes under Kotak Mahindra Bank and offers services related to investing and trading in the stock market. Financial services are also included. The bank is targeted primarily towards India and has a broad chain of outlets that spans 1209 branches handling well
Charge | AxisDirect | Kotak Securities |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹999 (For a 3-in-1 Account) | ₹750 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹650 per year (free for 1st year) | ₹600 per year |
Charge | AxisDirect | Kotak Securities |
---|---|---|
Plan Name | N/A | Fixed Brokerage Plan |
Equity Delivery | 0.50% | 0.49% |
Equity Intraday | 0.05% | 0.049% (both side) |
Equity Futures | 0.05% | 0.049% (both side) |
Equity Options | ₹0.01 or ₹10 per lot | ₹300 per lot |
Currency Futures | 0.05% | N/A |
Currency Options | ₹0.01 or ₹10 per lot | N/A |
Commodity Options | Futures: 0.03% and Options: ₹50 per lot | Futures 0.070% |
Mutual Fund | N/A | N/A |
Segment | AxisDirect | Kotak Securities |
---|---|---|
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 |