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
| Charge | Master Trust | AxisDirect |
|---|---|---|
| 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
| Charge | Master Trust | AxisDirect |
|---|---|---|
| Plan Name | 20:20 Plan | N/A |
| Equity Delivery | ₹0 | 0.50% |
| Equity Intraday | ₹20 per executed order | 0.05% |
| Equity Futures | ₹20 per executed order | 0.05% |
| Equity Options | ₹20 per executed order | ₹0.01 or ₹10 per lot |
| Currency Futures | ₹20 per executed order | 0.05% |
| Currency Options | ₹20 per executed order | ₹0.01 or ₹10 per lot |
| Commodity Options | ₹20 per executed order | Futures: 0.03% and Options: ₹50 per lot |
| Mutual Fund | N/A | N/A |
Master Trust vs AxisDirect Margin / Exposure: 2024
| Segment | Master Trust | AxisDirect |
|---|---|---|
| Equity Delivery | 1x for 20:20 brokerage plan; Upto 4.5x for Standard Plan | 1x |
| Equity Intraday | Upto 6x | Upto 10x |
| Equity Future | Upto 4x | 1x |
| Equity Options | Upto 5x | 1x |
| Currency Future | Upto 3x | 1x |
| Currency Options | Upto 3x | 1x |
| Commodity Future | Upto 1x | 3x |
| Commodity Options | Upto 1x | 1x |