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Axis Direct IPO Review - Charges, Easy Steps to Apply Online

Axis Direct Track Record Of Best Online Stock Broker In India

  • Life

    3.1

    Company Rating

  • Life

    2500

    Cities Covered

  • Life

    6 Lacs +

    Orders Per Day

  • Life

    5 Lacks Crore

    Daily Turnover

  • Life

    4.3 Lacks+

    Our Client Base

  • Life

    3.9

    Mobile App Rating

  • Life

    3.1

    Company Rating

  • Life

    2500

    Cities Covered

  • Life

    6 Lacs +

    Orders Per Day

  • Life

    5 Lacks Crore

    Daily Turnover

  • Life

    4.3 Lacks+

    Our Client Base

  • Life

    3.9

    Mobile App Rating

 
 
 

Axis Direct Account Opening Enquiry

 
 
 
 

Axis Direct IPO Review - Charges, Easy Steps to Apply Online

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 IPO
IPO stands for Initial Public Offering. It is a process by which any private limited company becomes a public limited company. Through IPO a company gets listed in stock market for the first time. The full-service broker offers IPO to trade their shares directly to the investors.
Axis Direct avails its customers with IPO Smart, a platform through which Axis Customers can apply in IPO’s online or through the branch offices. Axis Bank provides online and offline IPO applications for the IPO’s at the BSE and NSE exchanges.

Modes to apply for an IPO
There are two modes by which an individual can apply for an IPO:
1. With Axis Direct.
2. With Axis Bank.

Applying in an IPO through Axis Direct
An individual can apply for an IPO online with Axis Direct. Follow the below steps to apply for an IPO with Axis Direct:
1. Visit official website of ‘Axis Direct’
2. Login to your account.
3. Click on ‘Trading’ and then on ‘IPO’.
4. Click on ‘Current Issues’. A list of Current IPO’s will appear.
5. Click on ‘Fund hold and Release’ to allocate fund.
6. Click on ‘Get bank balance’ to know your account balance.
7. Enter the IPO amount of your choice and Submit.
8. Visit ‘Place order’ tab and select the IPO you wish to apply.
9. Select Investor category as ‘Retail’ an Procced.
10. Enter the Bid quantity, Price and Cut off price and click on ‘Place order’.
11. Confirm the order by clicking on ‘Confirm’.
12. Click on ‘I Agree’ on disclaimer page.
You will receive a confirmation message including your reference number and application number regarding your IPO application.

IPO through Axis bank
Only those who hold their bank account with Axis Bank or hold a 3 in 1 account with Axis Direct can apply for an IPO with Axis Bank. There are two ways by which one can apply for an IPO at Axis Bank:

1. OFFLINE: Axis Bank customer can visit any Axis Bank branch for this purpose. You can just have to fill an ASBA application for and provide the necessary information like your Bank account details, Demat account details and PAN number.

2. ONLINE: Axis bank customers can apply for an IPO with iConnect (Online banking website of axis bank). But to apply for an IPO online with iConnect, firstly customer have to register to IPO Smart by providing the required details.
Note: Axis bank does not charge any additional fees or taxes for your IPO application (NSE and BSE).

Check IPO Application status

OFFLINE: To check the status by offline mode, customers need to visit the Axis Bank branch or call the customer care representative.

ONLINE: To check the status by online mode, follow the below steps:
1. Visit official website of ‘Axis Direct’.
2. Login to your account.
3. Click on ‘IPO’.
4. Click on ‘Order book’.
5. Now you can check your IPO application status. You can modify or cancel you IPO order on the same screen.

IPO Allotment status
Follow the below steps to check your IPO allotment status:
1. Visit official website of ‘Axis Direct’.
2. Login to your account.
3. Click on ‘IPO’.
4. Click on ‘Order book’.
5. Now you can check the allotment status of your IPO application.

Apply in SME IPO’s
With Axis Direct, customers can apply for an SME IPO online as online application is totally paperless and convenient.
Axis bank doesn’t provide SME IPO online application but you can apply for SME IPO by filling offline IPO application form.

Frequently Asked Questions


Axis Direct portal of Axis Securities Limited (ASL) provides a seamless investment or trading platform by linking the customer’s Savings bank account, demat account and a trading account.
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.
Axis direct auto square-off all open intraday positions at 3:15 PM.
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.
Yes, a non-Axis bank account holder can open a trading and demat account with Axis securities and can avail the Trade@20 plan by paying an additional ₹250 per month maintenance fee.
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.
It charges 0.05% for the currency futures trading and Intraday at ₹0.01 per lot| Carry forward: ₹10 per for currency options trading.
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.
Yes, it offers an online IPO application to its customers. IPO offers early opportunities to buy shares of companies that are not previously traded publicly.
A customer can apply up to 3 IPO applications in Axis Bank Direct.
This limit order is to buy a security at not more or sell at not less than a specific price. By entering a limit order, one will not buy the stocks at higher price.
Axis Direct charges zero AMC for a trading account and ₹650 for a demat account. AMC is charged to maintain the account.
Yes, it provides trading tips for the stock and commodity trading to its customers.
It charges 0.05% for equity, currency and commodity future trading.
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.
No, the online trading facility is not available for the NRI investors based in the USA. Such investors can invest through their Relationship Manager or by using call and trade facility
It is 1,00,000 in cash segment from your account. The customer’s cash limit will increase by ₹1,00,000 for trading in a day.
Yes, you can make investments in Axis Mutual Fund online. You can invest in mutual funds online through a mobile app, website and internet banking.
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.
Axis Direct offers a large range of services to the customers. All the demat and trading accounts are provided to you in three-in-one account services that are offered.

Axis Direct Reviews