StockAxis is a Mumbai-based advisory service provider and it operates under Opulent Investment Adviser Private Limited. The company is a SEBI registered investment adviser. Unlike several other advisory companies which offer services across different segments, StockAxis focuses only on the Equity segment. Through this article, we will have a detailed StockAxis review aimed at finding out more details about its service offerings, subscription fees, target customers, and other important features.
|SEBI registration number||INA000011644 (Investment Advisor)|
|Date of Incorporation||24 July 2014|
|Free Trial||Yes (1 week, 2 recommendations)|
|Services across segments||No (Only Equity service offered)|
|Pricing (Subscription Fees)||Moderate|
StockAxis Review: Services
StockAxis has a relatively narrow focus on equity segment and that is not necessarily a bad choice. The firm offers the following 5 subscription products:
This subscription plan is focused on finding high probability trades for medium gains (5-10%) with small risk parameters (2-3% stop loss). The strategy is based on market direction and technical charts and offers long and short signals. StockAxis aims to offer 5-6 recommendations in a month.
As the name suggests, this product aims to find potential multibaggers for investors. Stock selection is based on fundamental analysis. Objective of the strategy is to offer 80-100% return on every recommendation over 2-3 years. The company aims to offer 10-12 recommendations in a year.
A subscription plan that blends fundamental & technical research in midcap bets with the objective of generating 20-25% returns over 3-6 months. StockAxis claims to offer 20-25 such short-to-medium term positional calls in a year.
The objective here is to find out well-established businesses that are on a growth trajectory over a 12-month period. Stock selection is on the basis of past performance, track record of the promoters and management, growth stage of the industry, and competitors. The objective is to generate 15-20% returns with average holding period of 12 months. Subscribers to get 10-12 recommendations in a year.
Bottom-up selection approach to uncover opportunities that can offer 8-10X returns over a holding period of 10 years. 6-8 stock every year.
StockAxis Review: Subscription Fees & Charges
|Service||Call Frequency||Quarterly Cost (INR)||Annual Cost (INR)|
|LongShort (A)||5-6 per month||12,000||30,000|
|Premium Plus (C)||20-25||12,000||30,000|
StockAxis Review: Pros & Cons
Advantages of StockAxis advisory:
- Week-long trial which includes 2 recommendations
- Reasonable pricing of subscriptions
- Decent mobile app
Disadvantages of StockAxis advisory:
- Absence of monthly plan
- High number of complains
- Poor customer service
StockAxis seems to be a competent advisory but there are a number of complaints against the company on online forums. Most of these complaints are related to the poor accuracy of their recommendations and inadequate customer service. When compared with other advisory companies, it appears these two are common problems in the industry. However, it doesn’t appear to be an outright fraud like some other players in the industry.
Disclaimer – The objective behind StockAxis advisory review is to offer an unbiased view of the company’s service offerings and cost of subscription services. This review of StockAxis’ service offerings is only for information purpose and is not a recommendation for investors.