Reliance Securities vs AxisDirect Comparison: 2024
About Reliance Securities
Reliance securities also called Reliance Smart Money is a full-service online trading and investment platform and is the broking arm of Reliance Capital. So, let's have a look at Reliance Securities Features, reviews, trading account opening and Brokerage Charges. Reliance Securities started its operation in 2005. It has a strong presence across the country with 1000+ offices serving 8 Lakh customers.
Reliance Securities offers services in:
- Equities
- NCDs/Bonds
- Sovereign Gold Bond
- IPOs
- Mutual Funds
- Derivatives
- Currency
- Corporate FDs
- Insurance Products
- Securities Lending & Borrowing
- Auction Market Participation
Features of Reliance Securities
- Competitive Brokerage: Provides different competitive brokerage plans suited for different categories of investors and traders
- Smart Trading Platforms: Offers a wide range of user-friendly trading platforms from browser-based platform to application based for both computer and mobile devices. It also offers call and trade facility to its customers
- Research: It offers it customers with specialized research report ranging from investment summaries, pre-market reports, futures
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
Reliance Securities vs AxisDirect Account Opening Charges: 2024
| Charge | Reliance Securities | AxisDirect |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹950 (One-time) | ₹999 (For a 3-in-1 Account) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹400 p.a. | ₹650 per year (free for 1st year) |
Reliance Securities vs AxisDirect Brokerage Charges and Plans : 2024
| Charge | Reliance Securities | AxisDirect |
|---|---|---|
| Plan Name | Fixed Online Plan | N/A |
| Equity Delivery | 0.4%\t | 0.50% |
| Equity Intraday | 0.04%\t | 0.05% |
| Equity Futures | 0.04%\t | 0.05% |
| Equity Options | Rs 100/Lot | ₹0.01 or ₹10 per lot |
| Currency Futures | 0.04%\t | 0.05% |
| Currency Options | Rs 100/Lot | ₹0.01 or ₹10 per lot |
| Commodity Options | N/A | Futures: 0.03% and Options: ₹50 per lot |
| Mutual Fund | N/A | N/A |
Reliance Securities vs AxisDirect Margin / Exposure: 2024
| Segment | Reliance Securities | AxisDirect |
|---|---|---|
| Equity Delivery | Upto 3x | 1x |
| Equity Intraday | Upto 10x | Upto 10x |
| Equity Future | Upto 3x | 1x |
| Equity Options | Nil | 1x |
| Currency Future | Nil | 1x |
| Currency Options | Nil | 1x |
| Commodity Future | N/A | 3x |
| Commodity Options | N/A | 1x |