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

ChargeSBIcap SecuritiesAxisDirect
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

ChargeSBIcap SecuritiesAxisDirect
Plan NameeZ-trade PlanN/A
Equity Delivery0.50%0.50%
Equity Intraday0.05%0.05%
Equity Futures0.05%0.05%
Equity Options₹100 per lot₹0.01 or ₹10 per lot
Currency Futures0.03%0.05%
Currency Options₹30 per lot₹0.01 or ₹10 per lot
Commodity OptionsNAFutures: 0.03% and Options: ₹50 per lot
Mutual FundN/AN/A

SBIcap Securities vs AxisDirect Margin / Exposure: 2024

SegmentSBIcap SecuritiesAxisDirect
Equity Delivery2x1x
Equity IntradayUpto 5xUpto 10x
Equity FutureNil1x
Equity OptionsNil1x
Currency FutureNil1x
Currency OptionsNil1x
Commodity FutureN/A3x
Commodity OptionsN/A1x

SBIcap Securities vs AxisDirect Currency Charges and Plans: 2024

SBIcap Securities charge 0.03% for Currency Futures and ₹30 per lot for Currency Options whereas AxisDirect Charges 0.05% for Currency futures and ₹0.01 or ₹10 per lot for Currency options.

SBIcap Securities vs AxisDirect Commodity Charges and Plans: 2024

SBIcap Securities charge NA for commodity and AxisDirect charge Futures: 0.03% and Options: ₹50 per lot for commodity.
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