Zerodha Vs AxisDirect NRI Account Comparison

Zerodha Vs AxisDirect NRI Account Comparison

The side-by-side comparison of Zerodha and AxisDirect NRI Account. Compare Zerodha Vs AxisDirect NRI Account brokerage charges, exposure margin, demat account and AMC. Read AxisDirect and Zerodha NRI Account reviews.

Find out Zerodha Vs AxisDirect which is better NRI Trading Account. See Zerodha Vs AxisDirect which is best NRI Demat Account.

Our Zerodha comparison with Axis Securities highlights the major differences between two brokers. Find the best between Zerodha and AxisDirect NRI Account.

Zerodha Vs AxisDirect

  Zerodha AxisDirect
Zerodha Logo Axis Securities Logo
About the Broker Zerodha is a leading stock broker in India. The Bengaluru based stock broker offers online discount broking services to both resident and non-resident Indians (NRIs). Zerodha offers 2-in-1 accounts to NRIs which includes a trading and a demat account... Know more about Zerodha Axis Bank, the 3rd largest private bank in India, offers a 4-in-1 account to NRI customers. This account is a combination of a PIS & Non-PIS Bank Account, Trading Account, and Demat Account. Axis Bank has 10 international branch offices across the w... Know more about Axis Securities
Account Type NRI Account NRI Account
Broker Enquiry Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you. Open an Online Trading Account with AxisDirect. Leave your contact info and we will get in touch with you.

Zerodha Vs AxisDirect Charges

  Zerodha AxisDirect
NRI Account Opening Fees ₹500 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹0 ₹0
NRI Demat Account AMC ₹300 ₹650
PIS Account AMC
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST

Zerodha Vs AxisDirect NRI Account Brokerage Comparison

Brokerage Plan

  Zerodha AxisDirect
Account Type NRI Account NRI Account
Equity Delivery 0.1% or ₹200 per executed order whichever is lower 0.75%
Equity Futures ₹100 per trade 0.05%
Equity Options ₹100 per trade Intraday: 1p per lot, Carry Forward: ₹10 per lot

Other Charges

Contract Note Reporting Charges
Other Brokerage Charges PIS Acct AMC: ₹1,500, Minimum Brokerage ₹50
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%

Zerodha Vs AxisDirect NRI Account Taxes/Fees

  Zerodha AxisDirect
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.

Zerodha Vs AxisDirect NRI Account Exposure Margin

  Zerodha AxisDirect
Equity Delivery 1x (100%)
Equity Futures 1x (100%)
Equity Options 1x (100%)

Zerodha and AxisDirect NRI Account Feature Comparison

  Zerodha AxisDirect
3-in-1 Account No Yes
Automated Trading No No
Free Research And Tips No Yes
Other Features

Zerodha Vs AxisDirect NRI Account Review

  Zerodha AxisDirect
  384 Customer Reviews    Rate Zerodha 57 Customer Reviews    Rate AxisDirect
Fees 3.8 2.1
Brokerage 4.3 1.8
Trading Platform 3.6 2.7
Customer Service 3.4 2.3
Overall Rating Rated 3.7 stars Rated 2.2 stars
Broker Rating Zerodha is Rated 3.7 / 5 based on 384 customer reviews AxisDirect is Rated 2.2 / 5 based on 57 customer reviews

Zerodha Vs AxisDirect NRI Investment Options

  Zerodha AxisDirect
Stocks Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds No Yes
Other Investment Options

Zerodha Vs AxisDirect NRI Customer Service

  Zerodha AxisDirect
Customer Care Number +91 22 4257 0809
Customer Care Email nridesk@zerodha.com

Zerodha Vs AxisDirect Order Type Offered for NRI Account

  Zerodha AxisDirect
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes

Zerodha Vs AxisDirect - NRI Account Advantages and Disadvantages

  Zerodha AxisDirect
Pros
  1. Discount stock broker offer trading at a low brokerage charges. Zerodha charges ₹200 per order whereas full-service stock brokers charge on an average 0.75% of the order value. So, if you trade for ₹1 lakh, you pay ₹750 with a full-service stock broker whereas Zerodha will charge you ₹200.
  2. India's largest stock broker in terms of active customers.
  3. Offers access to best-in-industry trading software and tools.
  4. Supports HDFC Bank, Axis Bank, and Yes Bank NRI Bank Account.
  1. Offers 4-in-1 account for fast trading experience.
  2. Offers online Mutual Fund, IPO and NCD services.
  3. One-click Trade through Intelligent Order Entry Panel, a unique integrated order entry panel that informs you on your capital gains before placing the trade.
  4. Access to Trade-Passport, a detachable and secure Order Entry Panel, enables trading while researching on any financial website.
  5. Free trading and investment recommendations.
  6. Assistance from Relationship Managers.
  7. GTC and AMO orders.
  8. A subsidiary of the reputed Axis Bank.
Cons
  1. Doesn't offer 3-in-1 accounts. Only offer trading and demat accounts. So, you have to first transfer funds from your PIS account to Zerodha trading account before trading.
  2. Doesn't offer Mutual Funds to NRI customers.
  3. Doesn't provide research reports or analysis.
  1. The Axis brokerage plans are based on the trading value which makes it expensive over flat-fee brokerage charged by Zerodha, Tradeplus, etc.
  2. Axis does not provide online trading facility to USA based NRI clients.
Conclusion

Zerodha comes across as a decent choice for NRIs looking to invest in stock markets in India and want to save on brokerage. The company offers best-in-the-industry trading platforms and tools. However, NRIs have to open bank accounts with HDFC Bank, Axis Bank, and Yes Bank to open a Zerodha NRI account. It also doesn't offer mutual fund investment services to NRIs. It charges a low flat-fee brokerage which makes it an attractive choice for NRIs.

AxisDirect is a good choice as a stock broker for NRIs looking to invest in stocks, derivatives, mutual funds and IPOs in India. The company offers 4-in-1 account and good trading software and investment tools to its customers. Also, the brokerage charges of the company are competitive among full-service brokers. Axis provides many customer-friendly features to NRIs like AMO orders, Call & Trade and Relationship Manager for quick assistance.

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