AxisDirect vs Marwadi Shares 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 Marwadi Shares
Marwadi Shares and Finance Ltd. is a financial service provider company operating in the financial markets for almost 3 decades. This full-service brokerage company is one of the leading in India that has been ranked amongst the top 10 in the BSE ratings multiple times.
Marwadi Shares: Overview
Marwadi Shares is a Gujarat based broking firm facilitating broking as well as Wealth management services. They are spread across 104 branches nationwide and employ more than 1400 authorized sub-brokers assisting a client base of 4 lakh plus. Founded in 1992 by Pranav M. Shah, Marwadi Shares and Finance Ltd. is affiliated and licensed to trade in NSE, BSE, NCDEX, MCX security exchanges. The company is also a Depository Participant of NCDL and CDSL.
It facilitates trading in a wide segment of securities ranging from equity, derivatives, currency to mutual Funds, and insurance. They cater to the needs of retail as well as an
AxisDirect vs Marwadi Shares Account Opening Charges: 2024
| Charge | AxisDirect | Marwadi Shares |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| 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) | ₹450 per year or one time fee of ₹2500 |
AxisDirect vs Marwadi Shares Brokerage Charges and Plans : 2024
| Charge | AxisDirect | Marwadi Shares |
|---|---|---|
| Plan Name | N/A | N/A |
| Equity Delivery | 0.50% | 0.30% |
| Equity Intraday | 0.05% | 0.06% |
| Equity Futures | 0.05% | 0.02% |
| Equity Options | ₹0.01 or ₹10 per lot | ₹100 per lot |
| Currency Futures | 0.05% | 0.02% |
| Currency Options | ₹0.01 or ₹10 per lot | ₹100 per lot |
| Commodity Options | Futures: 0.03% and Options: ₹50 per lot | 0.02% |
| Mutual Fund | N/A | N/A |
AxisDirect vs Marwadi Shares Margin / Exposure: 2024
| Segment | AxisDirect | Marwadi Shares |
|---|---|---|
| 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 |