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The brokerage of Motilal Oswal ranges between 0.02 to 0.20%, the brokerage of Groww ranges between Rs 20, while the brokerage of AxisDirect ranges between 0.05% to 0.5%. The broker Motilal Oswal and AxisDirect are full service brokers where Groww is a discount broker. Overall rating for Motilal Oswal is 4, Groww is rated 4, AxisDirect is rated 3.5 out of 5.
Here we present side-by-side comparison of Motilal Oswal vs Groww vs AxisDirect stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Motilal Oswal vs Groww vs AxisDirect on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Motilal Oswal vs Groww vs AxisDirect in this setion with 360 degree view of broker information.
 Motilal Oswal |
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| Broker Type | Full Service Broker | Discount Broker | Full Service Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | NSE, BSE | NSE, BSE |
| Broker Overview | Extensive range of asset classes, award-winning research, personalized advisory services, great customer service, and dedicated MO Trader and MO Investor app are the key reasons that make Motilal Oswal an excellent broker for traders and investors. | 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... |
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... |
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In this section we have compared Motilal Oswal vs Groww vs AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - Motilal Oswal and Groww offer Free account opening where AxisDirect charges Rs 999 for account opeing. Demat AMC charges - Motilal Oswal charges Rs 400 per annum [Free for 1st year] as AMC for Demat account, Groww charges Free AMC for Demat account, where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.
| Charges | Motilal Oswal | Groww | AxisDirect |
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| Trading Account Opening Fees | Free | Free | Rs 999 |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Rs 400 per annum [Free for 1st year] | Free | Rs 750 PA (Free for 1st year) |
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Plans are the most important feature you look when compare Motilal Oswal vs Groww vs AxisDirect. This section copare on high level about type of plans offered by brokers. Miltiple Plans - AxisDirect offers Multiple Plans where Motilal Oswal and Groww doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | Motilal Oswal | Groww | AxisDirect |
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| Zerodha | Zerodha | Zerodha | |
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Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.
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 | Motilal Oswal | Groww | AxisDirect |
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| Plan Name | Default Brokerage Plan | Flat Brokerage Plan | Fixed Brokerage Trading Plan (Percentage Based) |
| Equity Delivery | 0.20% | 0.05% or Rs 20 whichever is lower | 0.50% (Each leg) |
| Equity Intraday | 0.02% | 0.05% or Rs 20 whichever is lower | 0.05% (Each leg) |
| Equity Futures | 0.02% | Flat Fee Rs 20 | 0.05% (Each leg) |
| Equity Options | Rs 20 per lot | Flat Fee Rs 20 | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot |
| Currency Futures | Rs 20 per lot | Not Available | 0.05% (Each Leg) |
| Currency Options | Rs 20 per lot | Not Available | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p |
| Commodity Trading | Futures: 0.02%| Options: Rs 200 Per Lot | Not Available | Futures: 0.03% (Each leg)| Options: Rs. 50 per lot |
| Minimum Brokerage | |||
| Hidden Charges | No | Info Not Available | |
| Funding | Yes - 18% interest PA | Info Not Available | Yes - 18% interest PA |
| Call & Trade Charges | NA | Rs 50 Per Executable Order | Free 20 calls per month, and after Rs. 20 per order |
| Auto Square off Charges | NA | Rs 50 Per Executable Order | 20 calls Free and after that Rs 20 per call |
| Brokerage Calculator | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for Groww | Brokerage Calculator for AxisDirect |
Compare Motilal Oswal vs Groww vs AxisDirect on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Motilal Oswal | Groww | AxisDirect |
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| Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | 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 | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Futures | NSE:200 Per Cr | BSE:FREE | 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 | 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 | 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 | NSE:4000 Per Cr | BSE:100 Per Cr |
| Commodity | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | NA | |
| Brokerage Charges | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for groww | Complete Brokerage Plans for axisdirect |
Compare Motilal Oswal vs Groww vs 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 Motilal Oswal and Groww offers only 2-in-1 account which includes trading and demat account. Margin Funding -All 3 brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - Motilal Oswal and AxisDirect offers NRI Trading where Groww doesn't offers NRI Trading.
| Account Features Compare | Motilal Oswal | Groww | AxisDirect |
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| 3 in 1 Account | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:10 PM | 2:45 PM |
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| Other Features | NIL | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal vs Groww vs AxisDirect. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.
| Trading Platform Compare | Motilal Oswal | Groww | AxisDirect |
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| Desktop Trading Platform | Orion Lite | Groww App | Ring |
| Desktop Demo | Desktop Demo | Info Not Available | Desktop Demo |
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| Web Trading Platform | |
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https://power.motilaloswal.com/MOSL/userMaster/login |
Yes |
https://login.axisdirect.in/ |
| Web Trading Demo | Web Trading Demo | Info Not Available | Web Trading Demo |
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| Mobile Trading App | MO Trader | Groww App | AxisDirect Ring Mobile App |
| Mobile Trading App Demo | MO Trader Demo | Info Not Available | AxisDirect Ring Mobile App Demo |
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| Android App Download | Andriod MO Trader Download | Andriod Groww App Download | Andriod Download |
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| iOS App Download | iOS MO Trader Download | iOS Groww App Download | iOS AxisDirect Ring Mobile App Download |
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| Trading Software Charges | Free | Free | Yes, DirectTrade - Rs 2999 PA |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Motilal Oswal | Equity Intraday and Delivery Brokerage Calculator for Groww | Equity Intraday and Delivery Brokerage Calculator for AxisDirect |
| Futures Brokerage Calculator | Futures Brokerage Calculator for Motilal Oswal | Futures Brokerage Calculator for Groww | Futures Brokerage Calculator for AxisDirect |
| Options Brokerage Calculator | Options Brokerage Calculator for Motilal Oswal | Options Brokerage Calculator for Groww | Options Brokerage Calculator for AxisDirect |
| Detail | Detail on Trading Platforms for motilal-oswal | Detail on Trading Platforms for groww | Detail on Trading Platforms for axisdirect |
| Motilal Oswal | Groww | AxisDirect | ||
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57 Customer Reviews
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8 Customer Reviews
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6 Customer Reviews
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| Overall Ratings | ||||
| Broker Rating | Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews | Groww is Rated 4.3 / 5 based on 8 customer reviews | AxisDirect is Rated 2.3 / 5 based on 6 customer reviews |
Compare Motilal Oswal vs Groww vs 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Motilal Oswal and AxisDirect offers Commodity Trading where Groww doesn't offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - Motilal Oswal offers PMS facility where Groww and AxisDirect doesn't offers PMS facility.
| Investment Offerings Compare | Motilal Oswal | Groww | AxisDirect |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare Motilal Oswal vs Groww vs AxisDirect on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Motilal Oswal and AxisDirect provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - Motilal Oswal provides Bracket Orders (BO) facility where Groww and AxisDirect doesn't provides Bracket Orders. After Market Orders (AMO) - Motilal Oswal and AxisDirect AMO facility where Groww doesn't provides AMO. GTC Orders - Motilal Oswal and AxisDirect offers Good Till Cancelled (GTC) orders facility where Groww doesn't provides GTC.
| Order Type Compare | Motilal Oswal | Groww | AxisDirect |
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Compare Motilal Oswal vs Groww vs AxisDirect on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.
| Customer Service Compare | Motilal Oswal | Groww | AxisDirect |
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| 24/7 Customer Service | |
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| Customer Care Number | 022 40548000/022 67490600 | 9108800604 | 022-61480808 |
| Account Opening Process | Online/Paperless | Online | Online |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://edumo.motilaloswal.com/ | https://groww.in/academy | https://simplehai.axisdirect.in/learn/overview |
| Head Office Address | Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
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 | https://www.motilaloswal.com/ | https://groww.in/ | https://simplehai.axisdirect.in |
Compare Motilal Oswal vs Groww vs AxisDirect on research reports and tips provided by broker.
| Motilal Oswal | Groww | AxisDirect | |
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Compare Motilal Oswal vs Groww vs AxisDirect on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Motilal Oswal | Groww | AxisDirect | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 10900 | No | 49200 |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | Zero | ₹500 pa |
| Advance Deposit | NIL | Nil | Nil |
| Statutory charges | Nil | Legal Charges | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | ₹8 + ₹5.50 CDSL charges | ₹10 |
| Demat | ₹50 per certificate + ₹50 courier charges | ₹150 per certificate + courier charges | ₹3 per certificate |
| Remat | ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges | ₹150 per certificate + courier charges | ₹10 for every hundred securities (Min ₹10) |
| Pledge Creation | ₹35 | ₹20 + Rs. 12 per request (CDSL Charges) | ₹25 |
| Pledge Creation Confirmation | Nil | ₹20 + Rs. 12 per request (CDSL Charges) | ₹25 |
| Pledge Closure | ₹35 | ₹20 + Rs. 12 per request (CDSL Charges) | ₹25 |
| Pledge Closure Confirmation | Nil | ₹20 + Rs. 12 per request (CDSL Charges) | ₹25 |
| Pledge Invocation | ₹35 | ₹20 + Rs. 12 per request (CDSL Charges) | Nil |
| Failed Instruction Charges | Nil | ₹50 | Nil |
| Other Charges | Nil | Nil | Nil |
Compare Motilal Oswal vs Groww vs AxisDirect on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Motilal Oswal | Groww | AxisDirect | |
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| Pay In and Pay Out Options | Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from MO Desktop or MO Trader or MO Investor Mobile App. Pay-out/Fund Withdrawal - Bank Transfer only |
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. | Max 24 hrs except bank holidays | Instant to Axis Bank. |
| Bank Supported and Charges | Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms. | Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. | NA |
| Bank Detail | Info Not Available | Info Not Available | Direct from your Axis bank account. |
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There are enormous benefits or advantages of trading with Motilal Oswal. Here are the reasons that make it a good fit for both traders and investors;
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There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;
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| Special Offers/Promo | Free Demat AMC (Client need to opt for 3,000 Value Pack (prepaid brokerage) or Open the A/c with above 25,000 margin) | Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. | |
| Enquire for Motilal Oswal | Enquire for Groww | Enquire for AxisDirect |
Last Updated on 2023-09-14T05:03:12+00:00
