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.
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
Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.
Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.
Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell
Charge | AxisDirect | Upstox |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹999 (For a 3-in-1 Account) | ₹249 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹650 per year (free for 1st year) | ₹300 per year (paid monthly) |
Charge | AxisDirect | Upstox |
---|---|---|
Plan Name | N/A | Basic |
Equity Delivery | 0.50% | ₹0 (FREE) |
Equity Intraday | 0.05% | ₹20 per trade or 0.05% (whichever is lower) |
Equity Futures | 0.05% | ₹20 per trade or 0.05% (whichever is lower) |
Equity Options | ₹0.01 or ₹10 per lot | ₹20 per trade or 0.05% (whichever is lower) |
Currency Futures | 0.05% | ₹20 per trade or 0.05% (whichever is lower) |
Currency Options | ₹0.01 or ₹10 per lot | ₹20 per trade or 0.05% (whichever is lower) |
Commodity Options | Futures: 0.03% and Options: ₹50 per lot | ₹20 per trade or 0.05% (whichever is lower) |
Mutual Fund | N/A | N/A |
Segment | AxisDirect | Upstox |
---|---|---|
Equity Delivery | 1x | 1x (no margin) |
Equity Intraday | Upto 10x | Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x |
Equity Future | 1x | Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x |
Equity Options | 1x | Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x |
Currency Future | 1x | Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x |
Currency Options | 1x | Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x |
Commodity Future | 3x | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x |
Commodity Options | 1x | N/A |