Compare stock brokers
Inventure vs. Axis Direct
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Inventure and Axis Direct. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Inventure and Axis Direct.
Overview
Inventure is public company and Axis Direct is private company. both are full service broker as well. Kanji B. Rita co-founded Inventure in 1995. And Axis Direct was founded in the year 2011 by Arun Thukral. Inventure's headquarters are in Mumbai, Maharashtra and Axis Direct's headquarters are in Mumbai, India.
Inventure and Axis Direct both are full service broker as well. Inventure is registered in NA, while Axis Direct is registered in BSE, NSE, MCX. The total branches of Inventure are Nil and the Axis Direct branches are 56.
| Overview | Inventure | Axis Direct |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Public | Private |
| Headquarter | Mumbai, Maharashtra | Mumbai, India |
| Founders | Kanji B. Rita | Arun Thukral |
| Foundation Year | 1995 | 2011 |
| Supported Exchanges | NA | BSE, NSE, MCX |
| Total branches | Nil | 56 |
Inventure and Axis Direct Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Inventure charging Rs.499 and Axis Direct charging Rs.999.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Inventure Demat account is Free and for the Axis Direct Demat account is Rs.650 per Annum. The Trading AMC for Inventure and Axis Direct is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Inventure and Axis Direct is CDSL.
| Account Opening and Demat Charges | Inventure | Axis Direct |
|---|---|---|
| Trading Account Opening Charges | Rs.499 | Rs.999 |
| Demat AMC (Annual Maintenance Charges) | Free | Rs.650 per Annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Minimum Rs.10,000 | Rs.25,000 |
| Offline to Online Charges | Yes | Not applicable |
| Depository | CDSL & NSDL | CDSL & NSDL |
Inventure and Axis Direct Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Inventure is 0.2% – 0.5%, while Axis Direct charges you 0.20% – 0.60%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Inventure is 0.02% – 0.05% and for Axis Direct also, it is 0.03% – 0.05%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Inventure charge 0.02% – 0.05% and Axis Direct charge 0.03% – 0.05% for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Inventure charges Rs.20 – Rs.50 per Lot, and Axis Direct charges Rs.10 per lot.
| Equity Brokerage Charges | Inventure | Axis Direct |
|---|---|---|
| Equity Delivery Brokerage | 0.2% – 0.5% | 0.20% – 0.60% |
| Equity Intraday Brokerage | 0.02% – 0.05% | 0.03% – 0.05% |
| Equity Futures Brokerage | 0.02% – 0.05% | 0.03% – 0.05% |
| Equity Options Brokerage | Rs.20 – Rs.50 per Lot | Rs.10 per lot |
Inventure and Axis Direct Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Inventure is 0.02% – 0.05% and for Axis Direct is 0.03% – 0.05%.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Inventure charges Rs.10 – Rs.25 per Lot for currency options, whereas Inventure charges Rs.10 per lot.
| Currency Brokerage Charges | Inventure | Axis Direct |
|---|---|---|
| Currency Futures Brokerage | 0.02% – 0.05% | 0.03% – 0.05% |
| Currency Options Brokerage | Rs.10 – Rs.25 per Lot | Rs.10 per lot |
Inventure and Axis Direct Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Inventure charges 0.02% – 0.05% for commodity trading, while Axis Direct charges NA.
| Commodity Brokerage Charges | Inventure | Axis Direct |
|---|---|---|
| Commodity Options Brokerage | 0.02% – 0.05% | NA |
Inventure and Axis Direct Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Inventure levies a minimum brokerage fee of Percentage of Transaction, while Axis Direct charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Inventure levies a transaction brokerage charge of 0.00305%, while Axis Direct charges 0.00325% of Total Turnover.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Inventure is 0.0002% of Total Turnover and for Inventure is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Inventure are 0.0126% of Total Turnover, while for Axis Direct, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Inventure charges NA and Axis Direct charges Rs 20 per call.
| Other Brokerage Charges | Inventure | Axis Direct |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transaction | Transaction Brokerage Charges | 0.00305% | 0.00325% of Total Turnover | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | NA | Rs 20 per call |
Inventure and Axis Direct Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Inventure is up to Upto 2x and by Axis Direct it is up to Upto 10x.
Equity Intraday: Leverage for equity intraday by Inventure is up to Upto 5x and by Axis Direct it is up to Upto 15x.
Equity Futures: Leverage for Equity Futures by Inventure is up to Upto 1x and by Axis Direct it is up to Upto 12x.
Equity Options: Leverage for Equity Options by Inventure is up to Upto 5x and by Axis Direct also, it is up to Upto 12x.
| Equity Leverage | Inventure | Axis Direct |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 10x | Equity Intraday | Upto 5x | Upto 15x | Equity Futures | Upto 1x | Upto 12x | Equity Options | Upto 5x | Upto 12x |
Inventure and Axis Direct Currency Leverage
The currency futures leverage provided by Inventure is up to Upto 2x, while for Axis Direct it is up to Upto 7x.
The currency options leverage provided by Inventure is up to Upto 6x, while for Axis Direct it is up to Upto 8x.
| Currency Leverage | Inventure | Axis Direct |
|---|---|---|
| Currency Futures | Upto 2x | Upto 7x | Currency Options | Upto 6x | Upto 8x |
Inventure and Axis Direct Commodity Leverage
The commodity leverage provided by Inventure is up to Upto 3x, while for Axis Direct it is up to NA.
| Commodity Leverage | Inventure | Axis Direct |
|---|---|---|
| Commodity | Upto 3x | NA |
Inventure and Axis Direct Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Inventure | Axis Direct |
|---|---|---|
| Free Stock Trading Account | Yes | No | Free Demat Account | Yes | No | Flexible Plans | Yes | Yes | Brokerage Discounts | Yes | No | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | Yes | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Inventure and Axis Direct Features
Equity Trading: Inventure and Axis Direct brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Inventure and Axis Direct also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Inventure and Axis Direct broker is that you can also invest in IPOs. Inventure also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Inventure offers trading exposure of up to Upto 5x, while Axis Direct gives up to Upto 15x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Inventure and Axis Direct, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Inventure and Axis Direct also allow you to trade in forex trading.
| Features | Inventure | Axis Direct |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | No | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | Yes |
| Trading Institution | No | No | Trading Exposure | Upto 5x | Upto 15x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | Yes | Insurance | No | Yes |
Inventure and Axis Direct Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Inventure and Axis Direct offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Inventure | Axis Direct |
|---|---|---|
| Fundamental Reports | Yes | Yes |
| Research Reports | Yes | Yes |
| Company Reports | Yes | Yes |
| Annual Reports | Yes | Yes |
| Company Stock Review | Yes | Yes |
| Free Stock Tips | Yes | No |
| IPO Reports | Yes | Yes |
| Top Picks | No | Yes |
| Daily Market Review | No | No |
| Monthly Reports | No | Yes |
| Weekly reports | No | Yes |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Inventure and Axis Direct Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Inventure and Axis Direct offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Inventure | Axis Direct |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Inventure and Axis Direct Mobile Trading Platforms
Inventure and Axis Direct offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Inventure | Axis Direct |
|---|---|---|
| Mobile Browser | No | Yes |
| Android App | No | Yes |
| iOS App | No | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Inventure and Axis Direct Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Inventure and Axis Direct give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Inventure | Axis Direct |
|---|---|---|
| Relationship Manager | No | Yes |
| Offline Trading | Yes | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | Yes |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 0 | 186 |
Inventure and Axis Direct Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Inventure and Axis Direct registered and resolved complaints.
For Inventure, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
For Axis Direct, the Percentage of resolved BSE complaints is 89.15 % and the Percentage of resolved NSE complaints is 87.30 %.
We can say that Inventure is better than Axis Direct in case of resolving customer complaints.
| BSE Complaints | Inventure | Axis Direct |
|---|---|---|
| BSE Complaints | 0 | 129 |
| BSE Resolved Complaints | 0 | 115 |
| Percentage of resolved BSE complaints | NaN % | 89.15 % |
| NSE Complaints | 1 | 189 |
| NSE Resolved Complaints | 1 | 165 |
| Percentage of resolved NSE complaints | 100.00 % | 87.30 % |
| BSE/NSE Complaint vs. Resolved Percentage | NaN % | 88.22 % |
Frequently Asked Questions
Is Inventure better than Axis Direct?
Inventure and Axis Direct are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Axis Direct better than Inventure?
Axis Direct and Inventure are at the top among the best full service brokers. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Inventure and Axis Direct?
Inventure and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Inventure and Axis Direct?
To figure out which of the two stockbrokers, Inventure and Axis Direct, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Inventure with other stock brokers
Visit the following pages to see a detailed comparision report of Inventure with other brokerage firms.
Compare Axis Direct with other stock brokers
Visit the following pages to see a detailed comparision report of Axis Direct with other brokerage firms.