SBIcap Securities vs AxisDirect Comparison: 2024
About SBIcap Securities
SBI cap securities is the broking arm of the decades old and one of the top financial bodies SBI Capital Market ltd. Having the leverage of such an influential bank as a parent body, SBI Securities Ltd. or SSL is one of the leading stock brokers in India. They deal with a variety of depository participant (DP) services as well as equity, derivatives, broking and E-broking services to cater to both national and NRI clientele. SSL has been assigned the title of 'BQ1' (The Highest grade) by CRISIL for its operational qualities and services.
SBI Cap Securities: Overview
Founded in 2006 by Arun Mehta, SSL is a Mumbai-based Full service broker which offers trading in Equity delivery, Equity intraday, Commodity options, Equity futures, Equity options, Currency options and Currency futures. The minimum broking charge is Rs.10 per transaction.
It offers a 3-in-1 account feature, like other financial broking firms for direct
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
SBIcap Securities vs AxisDirect Account Opening Charges: 2024
| Charge | SBIcap Securities | AxisDirect |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹850 | ₹999 (For a 3-in-1 Account) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹350 | ₹650 per year (free for 1st year) |
SBIcap Securities vs AxisDirect Brokerage Charges and Plans : 2024
| Charge | SBIcap Securities | AxisDirect |
|---|---|---|
| Plan Name | eZ-trade Plan | N/A |
| Equity Delivery | 0.50% | 0.50% |
| Equity Intraday | 0.05% | 0.05% |
| Equity Futures | 0.05% | 0.05% |
| Equity Options | ₹100 per lot | ₹0.01 or ₹10 per lot |
| Currency Futures | 0.03% | 0.05% |
| Currency Options | ₹30 per lot | ₹0.01 or ₹10 per lot |
| Commodity Options | NA | Futures: 0.03% and Options: ₹50 per lot |
| Mutual Fund | N/A | N/A |
SBIcap Securities vs AxisDirect Margin / Exposure: 2024
| Segment | SBIcap Securities | AxisDirect |
|---|---|---|
| Equity Delivery | 2x | 1x |
| Equity Intraday | Upto 5x | Upto 10x |
| Equity Future | Nil | 1x |
| Equity Options | Nil | 1x |
| Currency Future | Nil | 1x |
| Currency Options | Nil | 1x |
| Commodity Future | N/A | 3x |
| Commodity Options | N/A | 1x |