AxisDirect vs Sharekhan 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 Sharekhan
One of the largest full service broker, Sharekhan is based in Mumbai, and has a client base of more than 17 lakh accounts. Sharekhan, is one of the biggest names in Indian equity and derivative trading and was a pioneer in the field of online trading. Sharekhan’s holding company is BNP Paribas, a Euronext Paris Stock Exchange listed entity with a history in banking. It is regulated by Securities and Exchange Board of India (SEBI).
Sharekhan: Overview
Sharekhan was established in the year 2000 in Mumbai, Maharashtra. Originally, Sharekhan was a subsidiary of SSKI Group and it later got acquired by BNP Paribas Group. Sharekhan’s network is spread over 550 cities. Here, they are spread out in over 1850 offices, with a presence in middle-eastern countries like Oman and UAE.
Sharekhan offers a wide range on investment and advisory services like market news, comprehensive research reports, stock quotes, fundamental and statistical analysis
AxisDirect vs Sharekhan Account Opening Charges: 2024
| Charge | AxisDirect | Sharekhan |
|---|---|---|
| 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 (Free for 1st year with trading account) |
AxisDirect vs Sharekhan Brokerage Charges and Plans : 2024
| Charge | AxisDirect | Sharekhan |
|---|---|---|
| Plan Name | N/A | Classic Account |
| Equity Delivery | 0.50% | 0.50% |
| Equity Intraday | 0.05% | 0.10% |
| Equity Futures | 0.05% | 0.10% |
| Equity Options | ₹0.01 or ₹10 per lot | ₹50 per lot |
| Currency Futures | 0.05% | 0.10% |
| Currency Options | ₹0.01 or ₹10 per lot | ₹30 per lot |
| Commodity Options | Futures: 0.03% and Options: ₹50 per lot | 0.03% |
| Mutual Fund | N/A | N/A |
AxisDirect vs Sharekhan Margin / Exposure: 2024
| Segment | AxisDirect | Sharekhan |
|---|---|---|
| Equity Delivery | 1x | Upto 5x |
| Equity Intraday | Upto 10x | Upto 10x |
| Equity Future | 1x | 2x |
| Equity Options | 1x | Nil |
| Currency Future | 1x | Nil |
| Currency Options | 1x | Nil |
| Commodity Future | 3x | Upto 2x |
| Commodity Options | 1x | N/A |