Axis Securities Limited is a full-service broker that is a part of Axis bank, which is a leading private bank in India. The broker provides its services and various other trading financial products to the retail customers in India through Axis Direct brand. It is ranked among the top stock brokers in India with more than 4.2 lakhs active customers.
Axis Direct offers investment opportunities in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and company fixed deposits. The broker is a participant of both the national stock exchanges i.e. BSE and NSE.
This stock broker is among the highest active clients in the stock broking space in India. The company holds a client base of more than 3,00,000. It also allows the customers to set up a demat three-in-one account that makes it more convenient to transfer funds.
Axis Direct provides services in various segments such as Equity, Derivatives, SIP, Mutual Funds, IPO, ETFs, Tax planning, NCDs, Bonds and Company FDs. It also has many easy-to-use trading software and platform including its advanced mobile app.
Axis Direct Exposure Limit
Axis Direct provides its customers a broad range of products and services. E-Margin is one of its facility that allows the traders to trade more with the minimal money.
E-Margin is the leveraged trading facility provided by Axis Direct to its customers. The facility allows the customers to take the equity positions just by paying only 25% of the total trade value.
For Example: If you would like to buy 100 shares of RELIANCE @ Rs.200 per share and the applicable margin is 20%. You can place the order with Rs.4,000 instead of paying the full trade value of Rs.20,000.
The trade can be carried for T+30 days in BSE (T is day of trade) and T+5 in NSE. The customers can choose to square off or take the delivery of the trade within the period.
The customers can also continue the trade for T+30 days in BSE (T is day of trade) and T+5 in NSE. The customers can choose to square off or take delivery of the trade within the period.
The customers can pay the margin in two ways either they can use the funds in your account or can simply mark securities that are available in their demat account as collateral.
Axis Direct E-Margin Trading Timing
E-Margin trades can be done between 9:15 AM to 3:30 PM on both the exchanges. The customers need to square off the open positions by 2:45 PM on the due date as applicable.
Points to be noted on Axis Direct Margin Trading Facility
1. E-Margin is available only in the Equity on the BSE and NSE.
2. It becomes the responsibility of trader to track and maintain the funds for mark to the market loss on all the open positions else the E-Margin open positions can be anytime squared-off by the Axis Direct.
3. The interest charged on the delayed payment at 18% p.a. must be charged on all the E-Margin trades.
4. This is the responsibility of the trader to square off all the open positions by 2:45 PM on the applicable date.
Axis Direct Margin Limit
Up to 10 times
Axis bank offers the three in one account to provide fluent transaction experience. It offers various good choices in online trading platforms. It provides the e-margin trading facility that is its one of the Unique selling features.
Axis direct charges for Intraday is ₹0.01 per lot and carry forward for equity, currency and commodity options trading. The options are highly leveraged derivative products. The option trading is used in many ways that includes hedging or to reduce the risk exposure of the portfolio.
To apply in an IPO through the Axis Bank, the customer needs to hold a savings bank account with Axis bank. The customer can use the demat account with any other DP service provider. A trading account is not compulsory when an individual has to apply in an IPO but needed to sell the shares received.
Axis bluechip has moderately high risk. It has good long-term returns. The scheme can be chosen by any aggressive investor that look for some good returns over the long-term. You can visit the Axis Mutual Fund investment platforms and can start investing in this scheme through SIP or lumpsum.
Axis MF allows the investments in various schemes of different fund houses such as Axis, SBI, Nippon, HDFC, etc. on the basis of investment objective, time horizon, and risk appetite. The customers can choose a suitable fund for the portfolio. An Axis Mutual Fund provides the expert’s recommendations on mutual fund investment. Various direct schemes of Axis Mutual Fund are Axis Bluechip Fund, Axis Focused 25 fund, Axis long term equity fund, Axis short term fund and Axis liquid fund.
The Broker provides redemption facilities online and offline. To redeem offline, one has to visit the bank branch office and needs to fill a transaction slip and then submit it to the branch. If you invest online then the mutual fund can be redeemed from the same platform.
E-margin is a unique product where an individual can buy stocks in delivery with margin as lows as 25% and carry it for the next 90 trading days. During the 90 days trading period, one can either square off or take delivery of the position by bringing in the remaining funds.
It charges 0.05% for Intraday trades. These orders are known as Margin Intraday Square-up or MIS orders. All the open Intraday orders are auto-squared off at the end of the day. Extra leverage is offered for these trades.