Both the brokers are registered with SEBI and offers investment in Equity, F&O and Currency. The brokerage of Groww Max Rs 20 per trade while the brokerage of AxisDirect ranges between 0.05% to 0.5%. Groww is a Discount Broker where AxisDirect is a Full Service Broker. Groww is having overall higher rating compare to AxisDirect. Groww is rated 4 out of 5 where AxisDirect is rated only 3.5 out of 5. Number of active customer for Groww is 53,73,705 where number of active customer for AxisDirect is 3,33,638. Groww is serving more customer compare to AxisDirect.
Here we present side-by-side comparison of Groww vs AxisDirect share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Groww vs AxisDirect's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.
Here we present side-by-side comparison of Groww vs AxisDirect share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.
To be precise, we have compared Groww vs AxisDirect's on
This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.
|Broker Type||Discount Broker||Full Service Broker|
|Exchanges Supported||NSE, BSE||NSE, BSE|
|Broker Overview||Groww is the top broker for beginners with a crystal clear user interface-enabled safe & secure Groww App & a web-based platform to invest in direct mutual funds for free and trade-in equity & derivatives segment at Rs. 20/order flat brok...||Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis...|
Comparison of Groww with AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - Groww offer Free account opening where AxisDirect charges Rs 999 for account opening. Demat AMC charges - Groww offer Free AMC for Demat account where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.
|Trading Account Opening Fees||Free||Rs 999|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Free||Rs 750 PA (Free for 1st year)|
|Provide DP Service|
Plans are the most important feature you look when compare Groww with AxisDirect. This section compare on high level about type of plans offered by brokers. Multiple Plans - AxisDirect provides Multiple Plans where Groww doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.
|Account Opening Request|
Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.
AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.
|Brokerage Charges Compare||Groww||AxisDirect|
|Plan Name||Flat Brokerage Plan||Fixed Brokerage Trading Plan (Percentage Based)|
|Equity Delivery||0.05% or Rs 20 whichever is lower||0.50% (Each leg)|
|Equity Intraday||0.05% or Rs 20 whichever is lower||0.05% (Each leg)|
|Equity Futures||Flat Fee Rs 20||0.05% (Each leg)|
|Equity Options||Flat Fee Rs 20||Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot|
|Currency Futures||Not Available||0.05% (Each Leg)|
|Currency Options||Not Available||Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p|
|Commodity Trading||Not Available||Futures: 0.03% (Each leg)| Options: Rs. 50 per lot|
|Hidden Charges||Info Not Available||No|
|Funding||Info Not Available||Yes - 18% interest PA|
|Call & Trade Charges||Rs 50 Per Executable Order||Free 20 calls per month, and after Rs. 20 per order|
|Auto Square off Charges||Rs 50 Per Executable Order||20 calls Free and after that Rs 20 per call|
|Brokerage Calculator||Brokerage Calculator for Groww||Brokerage Calculator for AxisDirect|
Compare Groww with AxisDirect on transaction charges and PCM fee by segment.
|Transaction Charges Compare||Groww||AxisDirect|
|Equity Delivery||Rs 335 Per Cr||Rs 335 Per Cr|
|Equity Intraday||Rs 335 Per Cr||Rs 335 Per Cr|
|Equity Futures||Rs 200 Per Cr||Rs 200 Per Cr|
|Equity Options||Rs 5050 Per Cr||Rs 5050 Per Cr|
|Currency Futures||Rs 90 Per Cr||Rs 90 Per Cr|
|Currency Options||Rs 3500 Per Cr||Rs 3500 Per Cr|
|Brokerage Charges||Complete Brokerage Plans for groww||Complete Brokerage Plans for axisdirect|
Compare Groww with AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - AxisDirect offers 3-in-1 account where Groww offers only 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - AxisDirect offers NRI where Groww doesn't offers NRI Trading.
|Account Features Compare||Groww||AxisDirect|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:10 PM||2:45 PM|
With our expert research team, we have compared all the major features of Trading platform b/w Groww and AxisDirect. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.
|Trading Platform Compare||Groww||AxisDirect|
|Desktop Trading Platform||Ring|
|Desktop Demo||Info Not Available||Desktop Demo|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||Yes||https://login.axisdirect.in/|
|Web Trading Demo||Info Not Available||Web Trading Demo|
|Mobile Trading App||Yes||AxisDirect Ring Mobile App|
|Mobile Trading App Demo||Info Not Available||AxisDirect Ring Mobile App Demo|
|Android Mobile App|
|Android App Download||Andriod Yes Download||Andriod AxisDirect Ring Mobile App Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS Yes Download||iOS AxisDirect Ring Mobile App Download|
|Android Tablet App|
|iPad App (IOS)|
|Trading Software Charges||Free||Yes, DirectTrade - Rs 2999 PA|
|Equity Brokerage Calculator||Equity Intraday and Delivery Brokerage Calculator for Groww||Equity Intraday and Delivery Brokerage Calculator for AxisDirect|
|Futures Brokerage Calculator||Futures Brokerage Calculator for Groww||Futures Brokerage Calculator for AxisDirect|
|Options Brokerage Calculator||Options Brokerage Calculator for Groww||Options Brokerage Calculator for AxisDirect|
|Detail||Detail on Trading Platforms for groww||Detail on Trading Platforms for axisdirect|
Compare Groww with AxisDirect on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - AxisDirect offers trading options in Commodity (MCX) where Groww doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.
|Investment Offerings Compare||Groww||AxisDirect|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
Order Type - Compare Groww with AxisDirect on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - AxisDirect provides Cover Orders (CO) where Groww doesn't offer,Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both broker don't have Bracket Orders (BO).With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- AxisDirect offers After market orders where Groww doesn't offers AMO. GTC Orders- AxisDirect offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.
|Order Type Compare||Groww||AxisDirect|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Compare Groww with AxisDirect on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.
|Customer Service Compare||Groww||AxisDirect|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||9108800604||022-61480808|
|Account Opening Process||Online||Online|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034||Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Mumbai- 400 070.
Compare Groww with AxisDirect on research reports and tips provided by the broker.
Compare Groww with AxisDirect on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.
Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.
Demat AMC for AxisDirect is ₹500 pa where for Groww is Zero.
Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.
Transaction charges on debit of ISIN for Groww is ₹8 + ₹5.50 CDSL charges where for AxisDirect is ₹10.You can see this charges on debit of Equity/Mutual Funds from your demat account.
This section covers about demat charges, demat service and other details
|Demat Account Annual Maintenance Charges(AMC)||Zero||₹500 pa|
|Statutory charges||Legal Charges||Nil|
|Transaction Charges on Debit (Per ISIN)||₹8 + ₹5.50 CDSL charges||₹10|
|Demat||₹150 per certificate + courier charges||₹3 per certificate|
|Remat||₹150 per certificate + courier charges||₹10 for every hundred securities (Min ₹10)|
|Pledge Creation||₹20 + Rs. 12 per request (CDSL Charges)||₹25|
|Pledge Creation Confirmation||₹20 + Rs. 12 per request (CDSL Charges)||₹25|
|Pledge Closure||₹20 + Rs. 12 per request (CDSL Charges)||₹25|
|Pledge Closure Confirmation||₹20 + Rs. 12 per request (CDSL Charges)||₹25|
|Pledge Invocation||₹20 + Rs. 12 per request (CDSL Charges)||Nil|
|Failed Instruction Charges||₹50||Nil|
Compare Groww with AxisDirect on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
|Pay In and Pay Out Options||pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
|Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
|Payout Time||Max 24 hrs except bank holidays||Instant to Axis Bank.|
|Bank Supported and Charges||Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.||Info Not Available|
|Bank Detail||Info Not Available||Direct from your Axis bank account.|
Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;
Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;
|Special Offers/Promo||Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.|
|Enquiry||Open Zerodha Account Now>>||Open Zerodha Account Now>>|
Last Updated on 2023-04-19T06:08:36+00:00
Free Eq Delivery & MF
Flat ₹20 Per Trade
Free Equity Delivery
Flat ₹20 Per Trade in F&O
Free Account Opening
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade
Free Demat Account
Full-service @ Flat Rate
Flat ₹10 Per Trade
Free Delivery for Lifetime
Flat ₹15 Per Trade in F&O
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Trade at Flat ₹20 per Trade
Free Eq Delivery Trades
Flat ₹20 Per Trade in F&O
Flat ₹20 Per Trade
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