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FundsIndia Vs Axis Direct
| | Broker Comparison, Trading | No Comments
Here is a point by point comparison of FundsIndia Vs Axis Direct.
Axis Direct is a full-service stockbroker and is the stockbroking arm of Axis Bank with coverage in 70+ cities of the country.
The broker has developed its own trading platforms and allows its clients to trade across multiple financial segments through them. It also provides 3 in 1 demat account as a huge convenience.
FundsIndia Vs Axis Direct Comparison
FundsIndia, on the other hand, is an investment services firm which was incorporated back in the year 2009. Primarily know for mutual funds, this stockbroker also allows you to trade in Equities and few other investment products at low cost.
Discount brokers such as FundsIndia offer trading services at much cheaper brokerage rates and reasonable customer service.
To make things easy for you, we have listed out the comparison between FundsIndia Vs Axis Direct to help you find which of the two suits your needs better. The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
FundsIndia Vs Axis Direct Compare
 |  | |
| FundsIndia Review | Axis Direct Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Full Service Broker |
| Incorporated In the Year | 2009 | 2006 |
| Number of branches across India | 1 | 73 |
| Exchanges | SEBI | NSE, BSE, MSEI and MCX-SX |
| ACCOUNT CHARGES | NSE, BSE, MCX-SX | |
| Trading Account Opening Charges | ₹0 | ₹999 |
| Trading Account Annual Maintenance Charges | ₹200 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹650 |
| Transaction Charges | FundsIndia Transaction Charges | Axis Direct Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | Min. ₹6, Max ₹20 | 0.5% |
| Intraday Delivery | Min. ₹6, Max ₹20 | 0.05% |
| Equity Futures | Min. ₹6, Max ₹20 | 0.05% |
| Equity Options | Min. ₹6, Max ₹20 | ₹100 per lot |
| Currency Futures | NA | 0.05% |
| Currency Options | NA | ₹100 per lot |
| Commodity | NA | NA |
| Calculate Brokerage | FundsIndia Brokerage Calculator | Axis Direct Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 5 Times | Upto 10 times for Intraday, 0 for Delivery |
| Equity Futures | Upto 5 Times | No Leverage |
| Equity Options | Upto 5 Times | No Leverage |
| Currency Futures | NA | No Leverage |
| Currency Options | NA | No Leverage |
| Commodities | NA | NA |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | FundsIndia Web, FundsIndia Mobile App | Swift Trade, Web Portal, AxisDirect Mobile app |
| Total BSE+NSE Complaints | 2 | 39 |
| OVERALL RATING |  | |
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover.
For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Discount brokers, on the other hand, charge a flat rate brokerage (could be ₹10, ₹20 etc) irrespective of the trade value.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with FundsIndia Vs Axis Direct for the benefits of other readers? Please feel free to share in the comments below.
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FundsIndia Vs Axis Direct
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