AxisDirect vs Paytm Money 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 Paytm Money
The best part about Paytm Money is in the fact that it carries the brand name Paytm. Now while that provides a huge advantage from a branding perspective, whether it is enough from a functional perspective, we’ll see.
Paytm Money: An Overview
Paytm Money is a mutual fund trading app, facilitating payments through net banking, UPI, OTM. However, it launched its discount broking wing sometime back and is planning to expand its user base towards the stock investors and traders. Paytm Money’s target market happens to be one of the largest population demographics, i.e the young and middle aged. With Paytm Money, the company joints it’s easy to use interface with quality and service standards set by Paytm.
All this while it ventures into the mutual fund app space and further diversifying into the stock broking services in India. Paytm is an Indian company, funded by Alibaba and backed by Ratan Tata
AxisDirect vs Paytm Money Account Opening Charges: 2024
| Charge | AxisDirect | Paytm Money |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹999 (For a 3-in-1 Account) | Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges |
| Trading Account AMC | ₹0 | ₹0 (Free) |
| Demat Account AMC | ₹650 per year (free for 1st year) | Annual Platform Fees of Rs.300 |
AxisDirect vs Paytm Money Brokerage Charges and Plans : 2024
| Charge | AxisDirect | Paytm Money |
|---|---|---|
| Plan Name | N/A | Basic Plan |
| Equity Delivery | 0.50% | ₹0 |
| Equity Intraday | 0.05% | 0.05% of turnover or ₹10 whichever is lower |
| Equity Futures | 0.05% | 0.05% of turnover or ₹10 whichever is lower |
| Equity Options | ₹0.01 or ₹10 per lot | 0.05% of turnover or ₹10 whichever is lower |
| Currency Futures | 0.05% | 0.05% of turnover or ₹10 whichever is lower |
| Currency Options | ₹0.01 or ₹10 per lot | 0.05% of turnover or ₹10 whichever is lower |
| Commodity Options | Futures: 0.03% and Options: ₹50 per lot | 0.05% of turnover or ₹10 whichever is lower |
| Mutual Fund | N/A | N/A |
AxisDirect vs Paytm Money Margin / Exposure: 2024
| Segment | AxisDirect | Paytm Money |
|---|---|---|
| Equity Delivery | 1x | Upto 4x |
| Equity Intraday | Upto 10x | Upto 20x |
| Equity Future | 1x | Upto 3x |
| Equity Options | 1x | Upto 5x |
| Currency Future | 1x | Upto 2x |
| Currency Options | 1x | Upto 3x |
| Commodity Future | 3x | Upto 3x |
| Commodity Options | 1x | N/A |