Axis Direct is a full-service broker that offers a wide range of services to help investors make informed investment decisions. However, remember that they do charge for their services, and in this article, you’ll learn about all of the charges associated with Axis Direct in detail.
We’ll cover everything from demat account charges to other fees you might encounter along the way. Let’s discuss the charges of the Axis Direct demat account in detail.
Axis Direct Demat Account Charges
Axis Direct levies a range of charges on its customers. These charges include account opening charges, brokerage charges, AMC, and many more.
Account Opening Charges
Axis Direct account includes a trading account, a demat account, and an integrated bank account.
Axis direct has 4 plans that we’ll discuss in the next section of brokerage.
To open an Axis Direct account, you don’t have to pay any account opening fee except Fixed brokerage plan where the account opening charges are Rs. 499.
Upstox, Groww, and Fyers are 3 stock brokers that charge zero annual maintenance fees.
Brokerage Charges
Axis Direct’s regular plan brokerage charges are discussed below.
Axis Direct also offers other benefits like a dedicated relationship manager and priority customer service.
Axis Direct offers 4 brokerage plans to cater to different trading needs. Let’s discuss all one by one.
There’s a maximum cap on brokerage is of 2.5% per order on all segments.
#1. Axis Direct Fixed Plan
| Segment | Brokerage |
| Equity Delivery | 0.50% or Rs. 25 per order (whichever is higher) |
| Equity Intraday | 0.05% or Rs. 25 per order (whichever is higher) |
| Futures (Equity, Currency, and Commodities) | Rs. 0.05% or Rs. 25 per order (whichever is higher) |
| Options (Equity, Currency, and Commodities) | Rs. 100 per lot |
#2. Axis Direct AP 1500 Plan
Axis Direct Investment Plan AP1500 Plan has the advantage of lower brokerage rates and Complimentary Delivery Turnover for 12 months up to Rs. 3,00,000. Below are the brokerage charges once the CDT period is over.
The AP1500 plan comes with a subscription fee of Rs 1500 per year.
| Segment | Brokerage |
| Equity Delivery | 0.35% or Rs. 25 per order (whichever is higher) |
| Equity Intraday | 0.035% or Rs. 25 per order (whichever is higher) |
| Futures (Equity, Currency, and Commodities) | Rs. 0.035% or Rs. 25 per order (whichever is higher) |
| Options (Equity, Currency, and Commodities) | Rs. 100 per lot |
.#3. Axis Direct Now or Never 5555 Plan
Axis Direct Now or Never (NN5555) Plan comes with a Complimentary Delivery Turnover (CDT) of up to Rs. 12,00,000 for 12 months from the date of commencement. The plan validity is 10 years. Below are the brokerage charges once the CDT period is over.
The NN5555 plan comes with a subscription fee of Rs 5555 for 10 years.
| Segment | Brokerage |
| Equity Delivery | 0.2% or Rs. 25 per order (whichever is higher) |
| Equity Intraday | 0.02% or Rs. 25 per order (whichever is higher) |
| Futures (Equity, Currency, and Commodities) | Rs. 0.02% or Rs. 25 per order (whichever is higher) |
| Options (Equity, Currency, and Commodities) | Rs. 50 per lot |
.#4. Axis Direct Premium Investment 10000 Plan
Axis Direct Premium Investment 10000 Plan comes with a Complimentary Delivery Turnover (CDT) of up to Rs. 25,00,000 for 12 months from the date of commencement. The plan validity is also 1 year. Below are the brokerage charges once the CDT period is over.
The Premium Investment plan comes with a subscription fee of Rs 10,000 per year.
| Segment | Brokerage |
| Equity Delivery | 0.1% or Rs. 25 per order (whichever is higher) |
| Equity Intraday | 0.01% or Rs. 25 per order (whichever is higher) |
| Futures (Equity, Currency, and Commodities) | Rs. 0.01% or Rs. 25 per order (whichever is higher) |
| Options (Equity, Currency, and Commodities) | Rs. 50 per lot |
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AMC Charges
Axis Direct charges an annual maintenance fee for the demat account as below –
- For Axis bank customers
- Zero for the 1st year
- Rs. 750 per year (2nd year onwards)
- For non-Axis bank customers
- Rs. 350 for the 1st year
- Rs. 750 per year (2nd year onwards)
Delivery Charges
Axis Direct charges delivery charges vary from plan to plan.
- Fixed plan – 0.5% per order
- IP1500 – 0.35% per order
- NN5555 – 0.2% per order
- Premium Investment – 0.1% per order
Intraday Charges
Axis Direct intraday charges for equity intraday trades as mentioned below –
- Fixed plan – 0.05% per order
- IP1500 – 0.035% per order
- NN5555 – 0.02% per order
- Premium Investment – 0.01% per order
F&O Charges
For Futures trading, the charges are –
- Fixed plan – 0.05% per order
- IP1500 – 0.035% per order
- NN5555 – 0.02% per order
- Premium Investment – 0.01% per order
For Options trading the charges are –
- Fixed plan – Rs. 100 per lot.
- IP1500 – Rs. 100 per lot.
- NN5555 – Rs. 50 per lot.
- Premium Investment – Rs. 50 per lot.
Call and Trade Charges
Axis Direct charges Rs. 20 per call for placing trades over the phone.
Mutual Funds Charges
Axis Direct charges a commission of up to 1.5% on your mutual fund investment. You can also go through our list of best brokers for mutual funds investments.
Charges for Canceled Orders
Axis Direct charges Rs. 25 per canceled order.
Fund Transfer Charges
Axis Direct charges Rs. 9 per transfer if you transfer funds to your trading account through NEFT or RTGS. However, if you transfer funds through IMPS, there is no charge.
Fund Withdrawal Charges
Axis Direct charges Rs. 25 per fund withdrawal.
Charges for GTT orders
GTT (Good Till Triggered) orders are orders that remain open until a specific trigger point is reached. Axis Direct equity delivery charges for GTT order as per the brokerage plan.
Charges For BTST orders
BTST (Buy Today Sell Tomorrow) is a trading strategy where you buy a stock today and sell it tomorrow. Axis Direct charges Rs. 25 per BTST order.
Auto-square Off Charges
If you don’t have enough funds in your account to hold the positions, Axis Direct will automatically square off your positions. They charge Rs. 25 per Auto-square off order.
Pledge Charges
If you pledge your securities to get a loan, Axis Direct charges a higher of 0.04% of the transaction value or Rs. 50/- (per request).
Unpledge Charges
Axis Direct charges a higher of 0.04% of the transaction value or Rs. 50/- (per request). if you want to unpledge your securities.
CMR Physical copy
Axis Direct charges Rs. 100 for sending a physical copy of your Contract Note, Trade Confirmation, and Account Statement.
Off-market Charges
Axis Direct charges Rs. 25 per off-market transaction.
API Subscription Charges
Axis Direct doesn’t provide any API-building platform.
Penalty for Shortfall
If you don’t maintain the minimum balance in your account, Axis Direct charges in the range of 0.5% to 5% of the shortfall amount on a daily basis.
MTF Charges
Margin Trading Facility (MTF) is a service that allows you to buy shares by borrowing money from Axis Direct. You have to pay different MTF charges that vary with brokerage plans –
- Fixed plan – 18.99%
- IP- 15.99%
- NN5555 – 13.99%
- Premium Investment – 13.99%
You can check out our in-depth article on Axis Direct Demat account review for a detailed analysis of the broker.
Government Taxes and Regulatory Charges
STT Charges
Securities Transaction Tax (STT) is a tax that is levied on securities transactions. Axis Direct charges STT on all equity transactions. The charge is 0.1% of the transaction value on the sell side.
Transaction Charges
Axis Direct charges transaction charges on all trades. The charges for equity delivery trades are 0.03% of the transaction value, with a maximum of Rs. 30. The charges for equity intraday trades are 0.03% of the transaction value, with a maximum of Rs. 30. For futures, the transaction charge is 0.0021% of the transaction value, with a maximum of Rs. 500. For options, the transaction charge is Rs. 500 per crore of the transaction value.
DP Charges
Axis Direct charges a DP (demat) fee of Rs. 25 per transaction for dematerializing shares.
DP charges refer to the charges that are levied by the Depository Participant (DP) for the dematerialization of physical shares. Axis Direct charges Rs. 25 for every debit transaction of shares from your demat account.
GST (Goods and Services Tax)
GST is levied by the government on the services provided by the broker. 18% GST needs to be paid on all the charges like brokerage fee, SEBI charges and transaction fee.
Conclusion
If you are planning to use Axis Direct’s services, it is important to understand the fees and charges associated with them. This will help you avoid any surprises and make informed decisions about your investments.
FAQs
Axis Direct charges a flat fee of Rs 50 per segment for auto-square-off trades.
The transaction charges levied by Axis Direct for equity delivery trades are 0.00325% of the trade value or Rs 25, whichever is higher.
The AMC charges for an Axis Direct demat account are Rs 750 per year.
The STT charges levied by Axis Direct are as follows:
- Equity delivery: 0.1% on the buy-side
- Equity intraday: 0.025% on the sell-side
- Equity futures: 0.01% on the sell-side
- Equity options: 0.05% on the sell-side
- Currency futures: 0.01% on the sell-side
- Currency options: 0.05% on the sell-side
- Commodity futures: 0.01% on the sell-side
Axis Direct does not levy any charges for fund transfers through NEFT, IMPS, or RTGS.
Axis Direct charges 0.04% of the transaction value or Rs. 25/- (per request) whichever is higher.
The minimum brokerage charged by Axis Direct is 0.01% per executed order for intraday order under Premium investment plan.
You do not have to sustain a minimum balance.
No, the charges are fixed and non-negotiable.
Yes, Axis Direct charges an account opening fee. The amount varies depending on the type of account you open.
There could be some hidden charges as well so do check out your contract note on daily basis.
Axis Direct provides a detailed breakdown of charges on its official website. You can also contact their customer support for any queries regarding charges.
