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Groww Vs AxisDirect: Which one is better?

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 84,20,803 where number of active customer for AxisDirect is 3,42,472. 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

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

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.

Compare Groww vs AxisDirect on Service

  Groww Compare
Groww
AxisDirect Compare
AxisDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE NSE, BSE
Active Clients 84,20,803 3,42,472
Broker Overview Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl... Know more about Groww 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...Know more about AxisDirect
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Groww vs AxisDirect on Trading & Demat Account Opening Charges

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 & Demat Account Opening Charges - Compare Groww with AxisDirect
Charges Groww AxisDirect
Trading Account Opening Fees Free Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 750 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Groww vs AxisDirect on Plan Options

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.

Compare Groww with AxisDirect on Plan Options
Plan Types Groww AxisDirect
Multiple Plans No Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Groww vs AxisDirect on Brokerage Charges

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 with AxisDirect
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
Minimum Brokerage NIL NIL
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
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Share Broker's Transaction Charges

Compare Groww vs AxisDirect on Transaction Charges

Compare Groww with AxisDirect on transaction charges and PCM fee by segment.

Transaction Charges - Compare Groww with AxisDirect
Transaction Charges Compare Groww AxisDirect
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA
Brokerage Charges Complete Brokerage Plans for groww Complete Brokerage Plans for axisdirect
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Account Features

Compare Groww vs AxisDirect on Account Features

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 - Groww with AxisDirect
Account Features Compare Groww AxisDirect
3 in 1 Account No Groww have 2-in-1 account. Only Demate and Trading account. Yes, Groww have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts No Yes
Online Demo No Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:10 PM 2:45 PM
NRI Trading No Yes
Other Features NIL NIL
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Trading Platform

Compare Groww vs AxisDirect on Trading Platform

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 with AxisDirect
Trading Platform Compare Groww AxisDirect
Desktop Trading Platform Groww App Ring
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail Yes https://login.axisdirect.in/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Groww App AxisDirect Ring Mobile App
Mobile Trading App Demo Info Not Available AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod Groww App Download Andriod AxisDirect Ring Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Groww App Download iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
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

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Broker Ratings by Users

Compare Groww vs AxisDirect on User Rating

  Groww AxisDirect
  7 Customer Reviews    Rate Groww 6 Customer Reviews    Rate AxisDirect
Fees Ratings 4.4 2.5
Trading Brokerage Rating 3.7 2.0
Trading Platform Usability 4.1 3.2
Customer Service Ratings 3.3 2.7
Overall Ratings 4.1 2.3
Broker Rating Groww is Rated 4.1 / 5 based on 7 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare Groww vs AxisDirect on Investment Offerings

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 with AxisDirect
Investment Offerings Compare Groww AxisDirect
Equity Cash and F&O Yes Yes
Currency Deravitives No Yes
Commodity No Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No Yes
Insurance No Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No Yes
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Groww vs AxisDirect on Order Types

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 Types - Compare Groww with AxisDirect
Order Type Compare Groww AxisDirect
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No Yes
Bracket order No No
AMO-After Market Orders No Yes
GTC-Good Till Cancelled No Yes
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Customer Service Offered

Compare Groww vs AxisDirect on Customer Service

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 Support - Compare Groww with AxisDirect
Customer Service Compare Groww AxisDirect
24/7 Customer Service Groww vs AxisDirect - 24x7 customer support No No
Email Support Groww vs AxisDirect - Email Support Yes Yes
Onine Live Chat Groww vs AxisDirect - Onine Live Chat Yes Yes
Phone Support Groww vs AxisDirect - Phone Support Yes Yes
Toll Free Number Groww vs AxisDirect - Toll Free Number No Yes
Through Branches Groww vs AxisDirect - Through Branches No Yes
Customer Care Number Groww vs AxisDirect - Customer Care Number 9108800604 022-61480808
Account Opening Process Groww vs AxisDirect - Account Opening Process Online Online
Customer Support Email Groww vs AxisDirect - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Groww vs AxisDirect - Knowledge Center/Education https://groww.in/academy https://simplehai.axisdirect.in/learn/overview
Head Office Address Groww vs AxisDirect - Head Office Address/Corporate 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,
Kurla (West),
Mumbai- 400 070.
Website Groww vs AxisDirect - Company Website https://groww.in/ https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare Groww vs AxisDirect on Research Reports, Tips

Compare Groww with AxisDirect on research reports and tips provided by the broker.

Research Reports - Compare Groww with AxisDirect
  Groww AxisDirect
Research Mutual Funds Groww vs AxisDirect - Research Mutual Funds No Yes
Research Equity Reports Groww vs AxisDirect - Research Equity Reports No Yes
Research ETF Groww vs AxisDirect - Research ETF No Yes
Daily Market Report Groww vs AxisDirect - Daily Market Report No Yes
Free Tips Groww vs AxisDirect - Free Tips No Yes
Quarterly Result Analysis Groww vs AxisDirect - Quarterly Results No Yes
News Alerts Groww vs AxisDirect - No Yes
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Demat Account

Compare Groww vs AxisDirect on Demat Account

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 Charges - Compare Groww with AxisDirect
  Groww AxisDirect
DP Source CDSL CDSL
DP ID Groww vs AxisDirect - DP ID No 49200
Demat Account Annual Maintenance Charges(AMC) Zero ₹500 pa
Advance Deposit Nil Nil
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
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Groww vs AxisDirect on Special Offers and Promotion

Compare Groww with AxisDirect on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Groww vs AxisDirect on Special Offers and Promotion
  Groww AxisDirect
Pay In and Pay Out Options Groww vs AxisDirect - 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 Groww vs AxisDirect - Payout Time Max 24 hrs except bank holidays Instant to Axis Bank.
Bank Supported and Charges Groww vs AxisDirect - 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.
Likes
  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

Detail Review...

  • Open paperless 3-in-1 account (Bank + Demat + Trading).
  • One-stop shop to trade on BSE, NSE, and MCX.
  • Zero Demat AMC for 1st year for Axis Bank account holders.
  • Multiple brokerage plans for traders and investors.
  • Trade in options at flat Rs. 10/order.
  • Unlimited Brokerage-free options trading for the first month.
  • Ring revolutionary app and desktop-based platforms provide an investment opportunity.
  • Free trading tools like scanners, options strategies, advanced charting, & indicators.
  • Get free trading calls, investment ideas, and research reports.
  • Hassle-free investment in bonds & debenture on the “Yield” platform.
  • AI-powered investment ideas and wealth management advisory services.
  • Buy Now and Pay Later with E-margin.
  • Free 20 calls per month.

Detail Review...

Dislikes
  • Does not offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

Detail Review...

  • High account opening fees.
  • It charges a higher brokerage fee than discount brokers like Zerodha, Upstox, etc.
  • It does not have a flat discount brokerage plan.

Detail Review...

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 2024-01-05T04:04:35+00:00