Online IPO & Mutual Funds Investments with Axis Direct 2024

• AxisDirect Review
• Brokerage Plans
• Demat Charges
• Trading Platforms
• IPO
• Brokerage Calculator
• Account Opening
• Product & Services
• FAQs
• Active Customers

IPO Investment through AxisDirect

AxisDirect as a Stock Broker is offering online IPO application to its clients. After SEBI’s mandate in Jan 2016, all application in IPO and FPO (Initial Public Offering and Follow on Public Offering) has to be channel through ASBA (Applications Supported by Blocked Amount) process through Self-Certified Syndicate Bank (SCSB).

You can apply to online IPOs with AxisDirect 3 in 1 account or directly using Axis Bank net banking. After allotment, you can use your AxisDirect Trading account to trade and sell your holding of shares.

Axis Direct offer 3 in 1 account – Bank, Trading and Demat, So if you have Axis Direct account than applying in IPO is just 3 step process.

In case you have only Aixs Bank account and you can use ASBA process directly using net banking of Axis Bank. ASBA process with AXIS bank is named as “IPOSmart”. IPO can be apply online or offline via IPOSmart.  For applying IPO offline, one need to visit nearest Axis Bank branch and need to provide Axis Bank account number, PAN Number, Demat account particulars and so on.  After submission of application you will get an acknowledgment slip. Keep this for your future reference.

Online ASBA application with Axis Bank - Connect with i-Connect, First section is registration, so if you are applying IPO first time, you need to register your Demat and PAN information. Once registration process complete, you can apply IPO online. This is major win with Axis Bank ASBA process as you need to done registration only one time, If you have multiple DP account or you wish to apply in IPO on behalf of someone else in your friends or family. This facility is not available with ICIC bank and HDFC Bank.

With SEBI policy, you can apply max 5 application for one IPO for different applicant using Axis bank ASBA process.

Eligibility criteria for applying in IPO with Axis bank ASBA are – Axis Bank Account, Valid PAN Card, Valid DP Account (With Axis Direct or any other brokers/Bank), Clear Balance in your Axis current or saving account.

Current and Upcoming IPO's investment with Axis Direct

Step to Invest in IPOs with AxisDirect ASBA Process

• Login to www.axisdirect.co.in with your User ID & password
• Go to IPO action section & click on "Place Order"
• On Place order page, click on "ASBA application" radio button which will further prompt you to fill in necessary details to place an IPO order
• After filling in your details, click on "Place Order" tab which will lead you to "Order Confirmation Page"
• Check & confirm the details that you have filled in & click on "Apply" tab to complete the IPO transaction

Step to Invest in IPOs with Axis Bank ASBA Process

• Login into your net banking account.
• Go to Investment options, Select IPO.
• Under IPO Page – Select the IPO you wish to invest.
• Provide the required information like PAN No, Demat Account Number and number of shares and bid price (including option to select cut off price).
• Submit application subject to availability of clear balance in your bank account.

What are the benefits of investing through ASBA at www.axisdirect.co.in?

The benefits of investing through Axis Bank ASBA are as follows:

• Online application, No paper work required
• Invest at your convenience through www.axisdirect.co.in using Net Banking
• Continue earning interest on the application amount, since the amount is only blocked & not debited from your bank account
• Shortens the time between allotment & refund, since it cuts down the time involved in refund of application amount

Detail Article on ASBA Process for IPO Investment >> Read

Note: Client having account in those bank who are not offering paperless ASBA application or those client who do not do online banking has to fill the physical application and submit to syndicate member for onward submission to client’s bank for blocking required amount in client ‘s bank account.

Mutual Fund Investment with AxisDirect:

You can invest in Mutual Funds with AxisDirect in three easy ways:

1. With the assistance from their Relationship Managers that help you in choosing a Mutual Fund that meet your needs.
2. Online via their trading website www.axisdirect.co.in. Free research and tips on Mutual Funds is also available online for better decision making.
3. Directly from their Mutual Fund houses website https://www.axismf.com/. In this case you even don’t need a trading account. You can invest in MF after going through KYC.

How to online invest in Mutual Funds via AxisDirect?

To Invest in Mutual Funds you should be KYC Compliant.

• Login to www.axisdirect.co.in
• Go to Mutual fund > Purchase
• Select "AMC","Schema","Folio #:"
• Enter the Amount you wish to invest.
• In case of Dividend scheme, select Dividend option (payout / reinvest)
• Read and accept the Mutual funds Terms & Conditions
• Submit Order
• You should have sufficiaent funds in your Mutual Fund -ledger with axisdirect.co.in to process the order.
• You can refer order status tab to see the status of your investment.

AxisDirect Ltd allows you to Invest in MF through the Systematic Investment Plan (SIP).

• Login to your AxisDirect Account.
• Select Investment Offerings > Mutual Funds.
• Click on register SIP.
• Select Fund > select SIP amount and tenure.
• Confirm your SIP.

What are benefits using mutual funds service from AxisDirect?

Key benefits with AxisDirect for investing in Mutual funds are:

• Schemes from all major fund houses
• Online and offline transaction facility
• Investment option available for tx saving funds
• Professional Fund Managers to invest your money by picking smart investment opportunities
• Latest Mutual Fund news, research, recommendations and Fund Manager viewpoints
• PAN India Presence for in-person help
• Dedicated customer help desk
• 24x7 web-enabled client back office
• Dedicated portal for Mutual Funds - https://www.axismf.com/