Axis Direct Charges for Max Financial Services Limited
NSE: MFSL · Last Close: ₹1,392.00 · Sector: EQ
Exact Delivery Cost by Order Quantity (Roundtrip)
| Quantity | Trade Value | Brokerage | STT (0.1%) | Exch+SEBI | Stamp Duty | GST (18%) | DP Fee | Total Cost | Breakeven |
|---|---|---|---|---|---|---|---|---|---|
| 1 share | ₹1,392.00 | ₹6.96 | ₹2.78 | ₹0.09 | ₹0.21 | ₹1.27 | ₹20.88 | ₹32.19 | +32.19 (2.31%) |
| 10 shares | ₹13,920.00 | ₹40.00 | ₹27.84 | ₹0.86 | ₹2.09 | ₹7.35 | ₹20.88 | ₹99.02 | +9.90 (0.71%) |
| 50 shares | ₹69,600.00 | ₹40.00 | ₹139.20 | ₹4.27 | ₹10.44 | ₹7.97 | ₹20.88 | ₹222.76 | +4.46 (0.32%) |
| 100 shares | ₹139,200.00 | ₹40.00 | ₹278.40 | ₹8.55 | ₹20.88 | ₹8.74 | ₹20.88 | ₹377.45 | +3.77 (0.27%) |
| 500 shares | ₹696,000.00 | ₹40.00 | ₹1392.00 | ₹42.73 | ₹104.40 | ₹14.89 | ₹20.88 | ₹1614.90 | +3.23 (0.23%) |
Exchange turnover fee calculated at NSE's revised true-to-label tariff (0.00297%). DP charge of ₹20.88 is levied on the sell-leg from Demat.
Intraday Buy & Sell Charges (Square-Off Same Day)
| Quantity | Trade Value | Brokerage | STT (0.025%) | Exch+SEBI | Stamp Duty | GST (18%) | Total Cost | Breakeven |
|---|---|---|---|---|---|---|---|---|
| 1 share | ₹1,392.00 | ₹0.84 | ₹0.35 | ₹0.09 | ₹0.04 | ₹0.17 | ₹1.49 | +1.49 (0.11%) |
| 10 shares | ₹13,920.00 | ₹8.35 | ₹3.48 | ₹0.86 | ₹0.42 | ₹1.66 | ₹14.77 | +1.48 (0.11%) |
| 50 shares | ₹69,600.00 | ₹40.00 | ₹17.40 | ₹4.27 | ₹2.09 | ₹7.97 | ₹71.73 | +1.43 (0.1%) |
| 100 shares | ₹139,200.00 | ₹40.00 | ₹34.80 | ₹8.55 | ₹4.18 | ₹8.74 | ₹96.27 | +0.96 (0.07%) |
| 500 shares | ₹696,000.00 | ₹40.00 | ₹174.00 | ₹42.73 | ₹20.88 | ₹14.89 | ₹292.50 | +0.58 (0.04%) |
How Axis Direct Compares to Alternatives (100 Shares of MFSL)
| Broker | Brokerage Fee | Total Transaction Charges | Difference vs Axis Direct |
|---|---|---|---|
| Axis Direct (Selected) | ₹40.00 | ₹377.45 | — |
| Zerodha | ₹0.00 | ₹324.71 | -52.74 |
| Groww | ₹40.00 | ₹372.50 | -4.95 |
| Angel One | ₹40.00 | ₹380.17 | +2.72 |
| Dhan | ₹0.00 | ₹324.12 | -53.33 |
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Frequently Asked Questions
What is the brokerage for buying Max Financial Services Limited shares on Axis Direct?
On Axis Direct, equity delivery brokerage for Max Financial Services Limited is ₹20 flat. Intraday trades incur ₹20 or 0.03% per executed order.
How much STT and government tax is charged when buying Max Financial Services Limited?
Statutory taxes include 0.1% Securities Transaction Tax (STT) on buy and sell for delivery, 0.00297% NSE exchange turnover charges, 0.0001% SEBI turnover fees, 0.015% stamp duty on buy, and 18% GST on non-tax services.
What is the breakeven price movement required for MFSL on Axis Direct?
For an order of 100 shares of MFSL at ₹1,392.00, the roundtrip transaction cost is ₹377.45, meaning the stock needs to rise by ₹3.77 (0.27%) to break even.