Master Trust vs AxisDirect Comparison: 2024

About Master Trust

One of the popular financial services in the country happens to be Master Trust. Its core beliefs are nurtured towards investment, attitude and sound & philosophical investment approach eloping in the investment universe. The company has a considerable track record for over two decades. Ever since its inception, the company has grown strong with 650+ employees and served over 1,50,000+ clients to date.

Master Trust: Overview

Master Trust is a discount brokerage company which is a subsidiary of Master Capital Services Pvt Ltd. Due to the efforts pulled in by Mr Harjeet Singh and Mr R. K. Singhania, the company was founded in 1994. Currently, the company is located at the financial capital of India, Mumbai.

In 1994, the company acquired its membership of NSE. After which it attained its membership in various depository and exchanges services such as NSDL & CSDL. Furthermore, the stockbroker opened gateways to trade with MCX-SX &

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

Master Trust vs AxisDirect Account Opening Charges: 2024

ChargeMaster TrustAxisDirect
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹100₹999 (For a 3-in-1 Account)
Trading Account AMC₹0₹0
Demat Account AMC₹300 per year₹650 per year (free for 1st year)

Master Trust vs AxisDirect Brokerage Charges and Plans : 2024

ChargeMaster TrustAxisDirect
Plan Name20:20 Plan N/A
Equity Delivery₹00.50%
Equity Intraday₹20 per executed order0.05%
Equity Futures₹20 per executed order0.05%
Equity Options₹20 per executed order₹0.01 or ₹10 per lot
Currency Futures₹20 per executed order0.05%
Currency Options₹20 per executed order₹0.01 or ₹10 per lot
Commodity Options₹20 per executed orderFutures: 0.03% and Options: ₹50 per lot
Mutual FundN/AN/A

Master Trust vs AxisDirect Margin / Exposure: 2024

SegmentMaster TrustAxisDirect
Equity Delivery1x for 20:20 brokerage plan; Upto 4.5x for Standard Plan1x
Equity IntradayUpto 6xUpto 10x
Equity FutureUpto 4x1x
Equity OptionsUpto 5x1x
Currency FutureUpto 3x1x
Currency OptionsUpto 3x1x
Commodity FutureUpto 1x3x
Commodity OptionsUpto 1x1x

Master Trust vs AxisDirect Currency Charges and Plans: 2024

Master Trust charge ₹20 per executed order for Currency Futures and ₹20 per executed order for Currency Options whereas AxisDirect Charges 0.05% for Currency futures and ₹0.01 or ₹10 per lot for Currency options.

Master Trust vs AxisDirect Commodity Charges and Plans: 2024

Master Trust charge ₹20 per executed order for commodity and AxisDirect charge Futures: 0.03% and Options: ₹50 per lot for commodity.
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