AxisDirect vs Zerodha 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 Zerodha
Zerodha, a Bangalore based company, a pioneer in stock broking, is the biggest and one of the best and most popular stock brokers in India. The one of its kind, discount broking model was introduced by this leading broker few years back. And, now there's no looking back! It's online flat fee discount brokerage model has set an example to be followed by various other trading platforms across India. Ranked amongst the Top Discount Brokers in India, Zerodha holds a very strong position in terms of trading volumes and a massive and growing customer base. 
Zerodha: Overview
Incorporated in the year 2010 by Nitin Kamath, an engineer turned stock broker cum budding entrepreneur who nurtured the company with his ideas and innovation, Zerodha gained huge popularity within a short span. It has turned to be the leading stock broker in India, may it be
AxisDirect vs Zerodha Account Opening Charges: 2024
| Charge | AxisDirect | Zerodha |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹999 (For a 3-in-1 Account) | ₹200 (Equity) + Rs.100 (Commodity) |
| Trading Account AMC | ₹0 | ₹0 (Free) |
| Demat Account AMC | ₹650 per year (free for 1st year) | ₹300 per year |
AxisDirect vs Zerodha Brokerage Charges and Plans : 2024
| Charge | AxisDirect | Zerodha |
|---|---|---|
| Plan Name | N/A | Flat Brokerage Plan |
| Equity Delivery | 0.50% | ₹0 (Free) |
| Equity Intraday | 0.05% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Futures | 0.05% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Options | ₹0.01 or ₹10 per lot | Flat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover) |
| Currency Futures | 0.05% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Currency Options | ₹0.01 or ₹10 per lot | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Commodity Options | Futures: 0.03% and Options: ₹50 per lot | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Mutual Fund | N/A | ₹0 (Free Unlimited Direct MF) |
AxisDirect vs Zerodha Margin / Exposure: 2024
| Segment | AxisDirect | Zerodha |
|---|---|---|
| Equity Delivery | 1x | 1x (no margin) |
| Equity Intraday | Upto 10x | Up to 20x (based on the stock) |
| Equity Future | 1x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options | 1x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Future | 1x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options | 1x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Commodity Future | 3x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
| Commodity Options | 1x | N/A |