Aditya Birla Money Ltd (ABML), formerly known as Apollo Sindhoori Capital was established in 1994. The stockbroking company offers equity and derivative trading through the stock exchanges like NSE and BSE. Besides the investment in IPOs and mutual funds, the full-service broker provides subscription-based brokerage plans.
The stockbroker became the part of the Aditya Birla group in March 2009. It is headquartered in Chennai, India, the place where it has curtailed the trading and back-office operations.
The online trading stock broker and product distribution company also allow investing in currency derivatives on the MCX-SX. It is registered as DP with both NSDL and CDSL. Moving ahead, it reflects its trading zone in commodity market on MCX and NCDEX through its sub-division, which is known as Aditya Birla Commodity Broking Ltd.
Nirmal Bang: Demat and Trading Account Review 2018
The Full- service broker entices the traders with the lucrative services and emerged as the rival among the other Indian share brokers. The broker set its foundation in the year 1986 and it has a large network in the country. The online trading stock broker has a presence in 360 Indian cities with more than 2000 ongoing franchises.
It allows you to trade in various market segments such as equities, currency, F&O, commodity market in India and also allows investing in mutual funds, IPOs, insurance through NSE: National Stock Exchange, BSE: Bombay Stock Exchange), Multi Commodity Exchange (MCX), MCX-SX: Metropolitan Stock Exchange, NCDEX: National Commodity & Derivatives Exchange Limited.
Axis Securities Limited is a subsidiary part of Axis Bank Ltd. It has a wide network of 75 divisions across India. They also provide a demo center onsite to get an understanding of the various AxisDirect product range and other online services. It is assumed to be good for beginners.
The stockbroker in India allows investing/trading in Equities, IPOs, Derivatives/F&O, Bonds, Mutual Funds, ETFs and Company Fixed Deposits. The Online Trading Broker doesn’t offer services to trade in commodity and currency segment.
Other Charges associated with AxisDirect:
- Demat Account Opening Charges (One Time): Rs 0
- Demat Account Annual Maintenance Charges: Rs 650
- Trading Account Opening Charges including Saving Account, Trading Account and Demat Account: Rs 999
- Trading Annual maintenance charges: Rs 0
Kotak Securities Review
Kotak Securities Review
Kotak Securities Limited is a subsidiary of Kotak Mahindra Bank. It is a stock broking section of Kotak Mahindra Group in India. The broker offers services like share trading, mutual funds, derivatives trading, Currency Derivatives, IPO, Exchange Traded Funds, portfolio management, Borrowing and Stock Lending etc. It was started in 1994 and its head office is located in Mumbai, India.
It holds the membership of both Bombay Stock Exchange and National Stock Exchange. Kotak Securities Limited is a financial organization. Its major output comes from brokerage service for active traders in India. They are a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL).