AxisDirect vs Yes Securities 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 Yes Securities
It is a wholly owned subsidiary of Yes Bank.With Inherited knowledge from its parent company of over 50 years of experience in banking, wealth management, and advisory, Yes Bank securities aimed to become a wealth manager and advisor for its banking clients all over India. They facilitate an in-house team of multi-asset specialists and advisors to direct the client while trading or investing.
Yes Bank Securities: An Overview
Yes Bank had lengthened its arms to offer a complete range of financial products and services catering to the needs of an individual, corporate, and MSMEs. Being a full-service commercial bank it has a pan-India presence overall 28 states and 9 Union territories.
Yes Securities is a SEBI licensed investment advisor and a member of BSE, NSE, MCX, and NCDEX exchanges. Incorporated in 2013, with the claim of 'making investments as easy as booking a cab', Yes Securities provides interactive graphic stock health scores,
AxisDirect vs Yes Securities Account Opening Charges: 2024
| Charge | AxisDirect | Yes Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹999 (For a 3-in-1 Account) | ₹999 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹650 per year (free for 1st year) | ₹500 |
AxisDirect vs Yes Securities Brokerage Charges and Plans : 2024
| Charge | AxisDirect | Yes Securities |
|---|---|---|
| Plan Name | N/A | Invest Value Plan |
| Equity Delivery | 0.50% | 0.45% |
| Equity Intraday | 0.05% | 0.05% |
| Equity Futures | 0.05% | 0.05%, Intraday - 0.02% |
| Equity Options | ₹0.01 or ₹10 per lot | ₹75 per lot, Intraday - ₹25 per lot |
| Currency Futures | 0.05% | 0.05%, Intraday - 0.02% |
| Currency Options | ₹0.01 or ₹10 per lot | ₹75 per lot, Intraday - ₹25 per lot |
| Commodity Options | Futures: 0.03% and Options: ₹50 per lot | N/A |
| Mutual Fund | N/A | N/A |
AxisDirect vs Yes Securities Margin / Exposure: 2024
| Segment | AxisDirect | Yes Securities |
|---|---|---|
| Equity Delivery | 1x | N/A |
| Equity Intraday | Upto 10x | N/A |
| Equity Future | 1x | N/A |
| Equity Options | 1x | N/A |
| Currency Future | 1x | N/A |
| Currency Options | 1x | N/A |
| Commodity Future | 3x | N/A |
| Commodity Options | 1x | N/A |