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
A Mumbai based entity, Motilal Oswal is one of the oldest brokerage firms providing various financial services. It has been operating for more than 30 years in this field, established in 1987. Motilal Oswal is a full service broker offering services ranging from trading to portfolio management. It has one of the largest client base in India, harbouring clients from all ends from retail investors to high-net-worth individuals, including but not limited to foreign institutional investors, mutual funds and financial institutions.
A subsidiary of Motilal Oswal Financial Service Limited, Motilal Oswal Securities Limited is a brokerage firm provides a wide range of trading options, including trading in equity, debt, derivatives and currencies across various stock exchanges like BSE, NSE, NCDEX, MCX. The firm also provides research based reports, in fact it invests about 10% of its revenue in such research practices, and it has published more than 30000
Charge | AxisDirect | Motilal Oswal |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹999 (For a 3-in-1 Account) | ₹1000 (One-time) |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹650 per year (free for 1st year) | ₹299 |
Charge | AxisDirect | Motilal Oswal |
---|---|---|
Plan Name | N/A | Default Plan |
Equity Delivery | 0.50% | 0.50% |
Equity Intraday | 0.05% | 0.05% (both side) |
Equity Futures | 0.05% | 0.05% (both side) |
Equity Options | ₹0.01 or ₹10 per lot | ₹100 per lot (both side) |
Currency Futures | 0.05% | ₹20 per lot (both side) |
Currency Options | ₹0.01 or ₹10 per lot | ₹20 per lot (both side) |
Commodity Options | Futures: 0.03% and Options: ₹50 per lot | 0.05% (both side) |
Mutual Fund | N/A | N/A |
Segment | AxisDirect | Motilal Oswal |
---|---|---|
Equity Delivery | 1x | 4x |
Equity Intraday | Upto 10x | 20x for Margin+ (Over 140 Stocks), Other stocks: 4x |
Equity Future | 1x | Upto 3x |
Equity Options | 1x | Nil |
Currency Future | 1x | N/A |
Currency Options | 1x | Nil |
Commodity Future | 3x | Upto 3x |
Commodity Options | 1x | N/A |