FAQs

1. What is AMC for AxisDirect?

   AxisDirect charges Rs 0 Annual Maintenance Charge (AMC) for a trading account and Rs 650 for a Demat account. AMC is charged to maintain the accounts.

2. How much AxisDirect charge for delivery?

   AxisDirect charge 0.50% for equity delivery trade. These trades are also known as cash & carry trades or CNC.

   Espresso customer also has to pay taxes, demat debit transaction fee (Rs 13.5 per trade) and exchange transaction charges.

3. How much AxisDirect charge for intraday?

   AxisDirect charge 0.05% for intra-day trades. These orders are also known as Margin Intraday Square-up or MIS orders. All open intraday orders are auto squared-off at the end of the day. Extra leverage is offered for these trades.

   In addition you have to pay taxes and exchange transaction charges.

4. How much AxisDirect charge for futures?

   AxisDirect charge 0.05% for equity, currency and commodity futures trading.

5. How much AxisDirect charge for options?

   AxisDirect charges Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot for equity, currency and commodity options trading. Options are highly leveraged derivative products. Options trading is used in many ways including hedging or to reduce the risk exposure of the portfolio.

6. How much AxisDirect charge for commodity?

   AxisDirect brokerage charges for commodity futures is 0.03% and commodity options is Rs 50 per lot. Commodities futures are agreements to buy or sell raw material (food, energy or metal) at a specific date in the future at a particular price. Commodity options contracts are the right to buy (call option) or sell (put option) underlying commodity futures at predetermined prices on the date of contract expiry.

7. How much AxisDirect charge for currency trading?

   AxisDirect charge 0.05% for currency futures trading and Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l for currency options trading.

8. What are transaction charges in AxisDirect?

   Transaction Charges (or Exchange Turnover Charges) is a fee charged by the stock exchanges for trades done through them. Most brokers include clearing charges to it. These charges can be seen in the contract note.

   AxisDirect Transaction Charges 2024

   Segment	Transaction Fee
   Equity Delivery	NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
   Equity Intraday	NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
   Equity Futures	NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
   Equity Options	NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)
   Currency Futures	NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
   Currency Options	NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
   Commodity

9. Does AxisDirect offer IPO?

   Yes. AxisDirect offers online IPO applications to its customers. Initial Public Offer (IPO) offers an early opportunity to buy shares of companies that are not previously traded publicly.

10. Does AxisDirect offers Mutual Funds?

    Yes. You can buy/sell Mutual Funds if you have an account with AxisDirect.

11. Do AxisDirect provide margin funds?

    Yes. AxisDirect provide margin funding.

12. What is AxisDirect intraday auto square-off time?

    AxisDirect auto square-off all open intraday positions at 3:15.

13. Does AxisDirect provide tips?

    Yes. AxisDirect provide trading tips for stock and commodity trading to its customers.

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