AxisDirect vs SAMCO 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 SAMCO
SAMCO is another popular discount broker in India which has carved a niche for itself in a short span of time. It conceptualized in the year 2015 and with its diversifying broking services and products range it has a good hold on the market at present.
Samco Overview
Samco Securities Ltd. is known to be a suitable stockbroker for beginners since it offers an exhaustive repository of basic and intermediate tutorials on investing and trading. At the same time, with low brokerage charges, they leave a low chance of risk for the beginners as compared to other Indian stock brokers.
It allows trading across all the leading stock and commodity exchanges in India including NSE, BSE, MCX, MCX-SX and NCDEX. Samco facilitates commodity segment for MCX trading through its associated entity, Samco Commodities Ltd. The firm primarily caters to corporate and retail clients. It also offers loans against shares, low brokerage Demat
AxisDirect vs SAMCO Account Opening Charges: 2024
| Charge | AxisDirect | SAMCO |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹999 (For a 3-in-1 Account) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹650 per year (free for 1st year) | ₹400 |
AxisDirect vs SAMCO Brokerage Charges and Plans : 2024
| Charge | AxisDirect | SAMCO |
|---|---|---|
| Plan Name | N/A | Standard |
| Equity Delivery | 0.50% | ₹20 per executed order |
| Equity Intraday | 0.05% | ₹20 per executed order |
| Equity Futures | 0.05% | ₹20 per executed order |
| Equity Options | ₹0.01 or ₹10 per lot | ₹20 per executed order |
| Currency Futures | 0.05% | ₹20 per executed order |
| Currency Options | ₹0.01 or ₹10 per lot | ₹20 per executed order |
| Commodity Options | Futures: 0.03% and Options: ₹50 per lot | ₹20 per executed order |
| Mutual Fund | N/A | N/A |
AxisDirect vs SAMCO Margin / Exposure: 2024
| Segment | AxisDirect | SAMCO |
|---|---|---|
| Equity Delivery | 1x | Upto 4x |
| Equity Intraday | Upto 10x | Upto 15x |
| Equity Future | 1x | Upto 4x |
| Equity Options | 1x | Upto 8x |
| Currency Future | 1x | Upto 3x |
| Currency Options | 1x | Upto 5x |
| Commodity Future | 3x | Upto 5x |
| Commodity Options | 1x | Upto 5x |