AxisDirect Vs Mangal Keshav - Broker Comparison

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Account Opening & AMC Charges

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	Fixed Plan	Plan 125K	Basic Plan
	Axis Securities		Mangal Keshav Securities LTD.
Trading Account Opening Fee	₹999	₹999	NULL
Trading Account AMC	₹0	₹0	NULL
Demat Account Opening Fee	₹0	₹0	NULL
Demat Account AMC *	₹650	₹650	NULL

Brokerage Charges

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	Fixed Plan	Plan 125K	Basic Plan
	Axis Securities		Mangal Keshav Securities LTD.
Monthly Fee	NA	₹125000 per year	NULL
Equity Delivery	0.50%	0.18%	0.30%
Equity Intraday	0.05%	0.018%	0.03%
Equity Future	0.05%	0.018%	0.03%
Equity Options	₹100	₹30 per lot	₹100 per lot
Currency Futures	0.05%	0.018%	0.03%
Currency Options	₹100	₹30 per lot	0.03%
Commodity	NA	NA	-

Transaction Charges (Per Crore)

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	Fixed Plan	Plan 125K	Basic Plan
	Axis Securities		Mangal Keshav Securities LTD.
Equity Delivery	₹325	₹325	₹325 Per Cr
Equity Intraday	₹325	₹325	₹325 Per Cr
Equity Future *	₹190	₹190	₹190 Per Cr
Equity Options *	₹5000	₹5000	₹5000 Per Cr
Currency Futures *	₹190	₹190	₹110 Per Cr
Currency Options	₹5000	₹5000	₹4000 Per Cr

Other Charges

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	Fixed Plan	Plan 125K	Basic Plan
	Axis Securities		Mangal Keshav Securities LTD.
Minimum Brokerage	₹20 per executed order	₹20 per executed order	Null
Call & Trade	Rs 20 per call post 20th call per month	Rs 20 per call post 20th call per month	Null
DP Charges (on sell side)	0.04% (minimum Rs 25 per instruction)	0.04% (minimum Rs 25 per instruction)	Null
Other Miscellaneous Charges	-	-	-

Demat Account Charges

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	Fixed Plan	Plan 125K	Basic Plan
	Axis Securities		Mangal Keshav Securities LTD.
Depository Service Provider	CDSL	CDSL	CDSL
Account Opening Fee	Nil	Nil	NIL
Advance Deposite	Nil	Nil	Deposit Scheme? ₹1000/- where AMC will not be charged and amount will be refundable at Time of Closure of demat account. If the account is closed prior to one year deposit amount will not be refunded.
AMC	Retail Account: Axis Bank Customer: ₹650 per year (1st year free). ₹2500 for client who has not authorised bank to debit Demat ac charges from Bank ac maintained with Axis Bank. Non-Axis Bank Customer: ₹250 per year (1st year free) BSDA Account: Nil for holding value till ₹50,000 ₹100 per year for holding value from ₹50,001 to ₹2,00,000 Holding value above ₹2,00,000 tariff for Retail account will be applicable. Corporate Account: ₹400 for Axis Bank clients + CDSL AMC of ₹500 ₹600 for non-Axis Bank clients+ CDSL AMC of ₹500	Retail Account: Axis Bank Customer: ₹650 per year (1st year free). ₹2500 for client who has not authorised bank to debit Demat ac charges from Bank ac maintained with Axis Bank. Non-Axis Bank Customer: ₹250 per year (1st year free) BSDA Account: Nil for holding value till ₹50,000 ₹100 per year for holding value from ₹50,001 to ₹2,00,000 Holding value above ₹2,00,000 tariff for Retail account will be applicable. Corporate Account: ₹400 for Axis Bank clients + CDSL AMC of ₹500 ₹600 for non-Axis Bank clients+ CDSL AMC of ₹500	Scheme A: ₹750/- Individual Scheme B: ₹199/- Individual Scheme C: ₹500/- NRI Scheme D:₹199/- Plus CDSL Charges for Corporate
Dematerialisation Charges	Retail / BSDA Account: ₹5 per certificate subject to minimum of ₹50 per request, whichever is higher. ₹50 per request as courier charges for mutual fund Units. Corporate Account: ₹2.50 per certificate subject to a minimum of the ₹50 per request.	Retail / BSDA Account: ₹5 per certificate subject to minimum of ₹50 per request, whichever is higher. ₹50 per request as courier charges for mutual fund Units. Corporate Account: ₹2.50 per certificate subject to a minimum of the ₹50 per request.	₹ 150/- Inclusive of Courier Charges + ₹ 100/- Per Certificate
Rematerialisation Charges	Retail / BSDA Account: ₹20 for every 100 securities or part thereof or ₹50 per request whichever is higher. ₹50 per instruction for mutual fund Units. Corporate Account: ₹20 per certificate subject to minimum of ₹50 per request	Retail / BSDA Account: ₹20 for every 100 securities or part thereof or ₹50 per request whichever is higher. ₹50 per instruction for mutual fund Units. Corporate Account: ₹20 per certificate subject to minimum of ₹50 per request	Upfront ₹ 150/- plus CDSL Charges Inclusive of Courier Charges + ₹ 100/- Per Certificate
Transaction Charges (Credit)	-	-	-
Transaction Charges (debit)	Retail Account: 0.04% of the value of the transaction (Min ₹25 per instruction) whichever is higher. ₹25 flat per instruction for mutual fund units. BSDA Account: 0.06% of the value of the transaction (Min ₹50 per instruction) whichever is higher. ₹50 flat per instruction for mutual fund units. Corporate Account: 0.04% subject to minimum of ₹23 per instruction.	Retail Account: 0.04% of the value of the transaction (Min ₹25 per instruction) whichever is higher. ₹25 flat per instruction for mutual fund units. BSDA Account: 0.06% of the value of the transaction (Min ₹50 per instruction) whichever is higher. ₹50 flat per instruction for mutual fund units. Corporate Account: 0.04% subject to minimum of ₹23 per instruction.	0.05% On the Value of the Debit Transactions with Minimum ₹100/-
Pledge Creation Charges	Retail Account: 0.04% of the value of the transaction (Min ₹50 per instruction) whichever is higher. BSDA Account: 0.06% of the value of the transaction (Min ₹50 per instruction) whichever is higher. Corporate Account: Flat ₹50 per request.	Retail Account: 0.04% of the value of the transaction (Min ₹50 per instruction) whichever is higher. BSDA Account: 0.06% of the value of the transaction (Min ₹50 per instruction) whichever is higher. Corporate Account: Flat ₹50 per request.	Charge Charged By the Depository + 0.02% On the Value of the Application
Pledge Creation Confirmation Charges	Nil	Nil	NIL
Pledge Invocation Charges	Retail Account: 0.04% of the value of the transaction (Min ₹50 per instruction) whichever is higher. BSDA Account: 0.06% of the value of the transaction (Min ₹50 per instruction) whichever is higher. Corporate Account: Flat ₹50 per request.	Retail Account: 0.04% of the value of the transaction (Min ₹50 per instruction) whichever is higher. BSDA Account: 0.06% of the value of the transaction (Min ₹50 per instruction) whichever is higher. Corporate Account: Flat ₹50 per request.	Charge Charged By the Depository + 0.02% On the Value of the Application
Failed Instruction Charges	₹10 per Instruction	₹10 per Instruction	NIL
Other Charges	Ad-hoc Statement - ₹100 per statement Quarterly (Physical) statement Retail Account - Nil BSDA Account - ₹25 per statement Account Modification Charges Retail Account - Nil BSDA Account - ₹100 DIS Booklet Charge Retail Account - NIL BSDA Account - ₹200 per booklet Redemption of mutual fund units through DP - ₹25 per instruction	Ad-hoc Statement - ₹100 per statement Quarterly (Physical) statement Retail Account - Nil BSDA Account - ₹25 per statement Account Modification Charges Retail Account - Nil BSDA Account - ₹100 DIS Booklet Charge Retail Account - NIL BSDA Account - ₹200 per booklet Redemption of mutual fund units through DP - ₹25 per instruction	NIL

Features

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	Fixed Plan	Plan 125K	Basic Plan
	Axis Securities		Mangal Keshav Securities LTD.
Trading Platform	DirectTrade, Swift Trade	DirectTrade, Swift Trade	ODIN Diet

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FAQs

Do I need to maintain any minimum balance in my ProStocks Trading Account?

No, there is no minimum balance / margin requirement while opening trading account with ProStocks. You only need to pay Rs 1000 as refundable deposit for demat account. Later on, you can transfer funds as per your trading requirements.

How much stamp duty I have to pay as a Maharashtra or a Rajasthan client?

We are charging .01% or Max Rs 50 per day as stamp duty except clients with Maharashtra and Rajasthan address. Maharashtra and Rajasthan clients pay .01% for Delivery and .002% for Intraday, Equity F&O and Currency Derivatives.

Stamp Duty regulation has changed from 1st July 2020

Read more for RECENT STAMP DUTY RELATED CHANGES

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