Charges at a glance
About Axis Direct
Axis Direct is the retail broking brand of Axis Securities Limited, a wholly owned subsidiary of Axis Bank, offering a 3-in-1 account that links banking, demat and trading under a single login. It is registered with SEBI, is a depository participant, and gives access to equity, F&O, currency and commodity segments on NSE, BSE and MCX, alongside mutual funds, IPOs, bonds and unlisted shares.
Unlike pure discount brokers, Axis Direct runs on a tiered subscription model: the default Prosperity plan carries no upfront fee but higher per-trade brokerage (0.50% delivery, 0.05% intraday and futures, subject to a ₹25 minimum per order), while paid plans — from ₹999 up to ₹9,999 plus GST, one-time and valid for life — step brokerage down as low as 0.07% on delivery. Equity options currently carry a flat ₹10 per executed order under Axis Direct's ongoing pricing offer. The trade-off for the higher per-trade cost is a wider bundle: branch-based support, dedicated dealer assistance, in-house research and an extended-tenure E-Margin facility that isn't typical of no-frills discount brokers.
Platforms
Axis Direct App & Web
Mobile app and web trading platform with live streaming quotes, portfolio tracking and access to equity, F&O, currency and commodity segments.
Swift Trade Terminal
Professional-grade desktop trading terminal aimed at active and high-frequency traders, offered as part of the higher subscription tiers.
Research & Advisory
In-house research desk with intraday to long-term trading ideas, model portfolios and dedicated relationship-manager support for premium plan clients.
Regulatory & statutory charges
Besides brokerage, every trade attracts STT/CTT, exchange transaction charges, SEBI charges, GST and stamp duty. These are fixed by the government/exchanges and are the same across brokers.
Calculate the exact charges for any trade upfront using our brokerage calculator.
Equity
| Charge | Equity delivery | Equity intraday | F&O – Futures | F&O – Options |
|---|---|---|---|---|
| Brokerage | 0.50% per side (min ₹25/order); as low as 0.07% on paid plans | 0.05% of turnover; as low as 0.01% on paid plans | 0.05% of turnover; as low as 0.01% on paid plans | ₹10 per executed order (current offer) |
| STT/CTT | 0.1% on buy & sell | 0.025% on sell side | 0.02% on sell side | 0.1% on sell side (premium); 0.125% of intrinsic value if exercised |
| Transaction charges | NSE 0.00297% / BSE 0.00375% | NSE 0.00297% / BSE 0.00375% | NSE 0.00173% / BSE 0% | NSE 0.03503% / BSE 0.0325% (on premium) |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.015% (buy side) | 0.003% (buy side) | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |||
Currency
| Charge | Currency futures | Currency options |
|---|---|---|
| Brokerage | As per current plan (0.05% at Prosperity) | As per current plan |
| STT/CTT | No STT | No STT |
| Transaction charges | NSE 0.00035% / BSE 0.00045% | NSE 0.0311% / BSE 0.001% |
| SEBI charges | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.0001% (buy side) | 0.0001% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |
Commodity
| Charge | Commodity futures | Commodity options |
|---|---|---|
| Brokerage | As per current plan (0.05% at Prosperity) | As per current plan |
| STT/CTT | 0.01% on sell side (non-agri) | 0.05% on sell side |
| Transaction charges | MCX 0.0021% / NSE 0.0001% | MCX 0.0418% / NSE 0.001% |
| SEBI charges | Agri ₹1/crore, Non-agri ₹10/crore | ₹10 / crore |
| Stamp duty | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |
Mutual funds
- Axis Direct offers both direct (zero-commission) and regular mutual fund plans, including SIPs, through the demat-linked platform.
- Demat-route mutual fund debit/redemption instructions are charged ₹25 per instruction; reconversion of MF units to statement-of-account form is ₹50 per instruction.
- Stamp duty of 0.005% applies on the purchase (buy) side of mutual fund units, as mandated by the government.
- STT of 0.001% applies only on redemption (sell) of equity-oriented mutual fund units.
Charges for account opening
| Type of account | Charges |
|---|---|
| Individual account (digital) | free |
| HUF account (digital) | free |
| NRI account | ₹1,000 (offer price; standard ₹2,500) + PIS/demat charges as set by Axis Bank |
Demat AMC (Annual Maintenance Charge)
Axis Bank savings-account customers get the first year free, then pay ₹750/year + GST from year two onward. Non-Axis Bank customers pay ₹350 in year one, then ₹750/year + GST. Basic Services Demat Accounts (BSDA) with holdings up to ₹4,00,000 pay no AMC; ₹4,00,001–₹10,00,000 pays ₹100/year; above that, regular AMC applies.
Penalties & other charges
Charges that apply only in specific situations — good to know upfront so nothing catches you off guard.
Penalties
Other charges
Pros & cons
What users like
- Seamless 3-in-1 integration with Axis Bank — banking, demat and trading in one account and login
- Wide product range: equity, F&O, currency, commodity, mutual funds, IPOs, bonds and unlisted shares
- Multiple platforms — mobile, web and a professional desktop terminal — plus in-house research and dedicated relationship-manager support
- Unique E-Margin facility lets you carry delivery positions with margin for up to 240 days
What to watch for
- Default plan brokerage (0.50% delivery, min ₹25/order) is high next to discount brokers unless you pay upfront for a lower-brokerage plan
- Recurring demat AMC (₹750/year after year one) instead of a lifetime-free structure
- Call & Trade and several account-service actions carry charges beyond a free monthly quota
- Mobile app ratings on the Play Store (around 3.6/5) trail several newer discount-broker apps
Read what customers say about Axis Direct
Overall rating 4.0/5 based on 1 customer reviews — or share your own experience.