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The brokerage of Upstox ranges between Rs 20, the brokerage of Groww ranges between Rs 20, while the brokerage of AxisDirect ranges between 0.05% to 0.5%. The broker Upstox and Groww are a discount brokers where AxisDirect is a full service broker. Overall rating for Upstox is 4.5, Groww is rated 4, AxisDirect is rated 3.5 out of 5.
Here we present side-by-side comparison of Upstox 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 Upstox 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 Upstox vs Groww vs AxisDirect in this setion with 360 degree view of broker information.
 Upstox |
 Groww |
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| Broker Type | Discount Broker | Discount Broker | Full Service Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE | NSE, BSE |
| Broker Overview | Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India. | 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 Upstox vs Groww vs AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - Upstox charges Promotion offer: Free for account opening, Groww charges Free for account opeing, and AxisDirect charges Rs 999 for account opeing. Demat AMC charges - Upstox charges Free 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 | Upstox | Groww | AxisDirect |
|---|---|---|---|
| Trading Account Opening Fees | Promotion offer: Free | Free | Rs 999 |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Free | Free | Rs 750 PA (Free for 1st year) |
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Plans are the most important feature you look when compare Upstox vs Groww vs AxisDirect. This section copare on high level about type of plans offered by brokers. Miltiple Plans - AxisDirect offers Multiple Plans where Upstox and Groww doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | Upstox | Groww | AxisDirect |
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| Multiple Plans |  |
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| Upstox | Zerodha | Zerodha | |
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| Account Opening Request |
Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.
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 | Upstox | Groww | AxisDirect |
|---|---|---|---|
| Plan Name | Max Rs 20 Per Order Trading Plan | Flat Brokerage Plan | Fixed Brokerage Trading Plan (Percentage Based) |
| Equity Delivery | 2.5% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | 0.50% (Each leg) |
| Equity Intraday | 0.05% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | 0.05% (Each leg) |
| Equity Futures | 0.05% or Rs 20 whichever is lower | Flat Fee Rs 20 | 0.05% (Each leg) |
| Equity Options | Flat Fee Rs 20 | Flat Fee Rs 20 | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot |
| Currency Futures | 0.05% or Rs 20 whichever is lower | Not Available | 0.05% (Each Leg) |
| Currency Options | Flat Fee Rs 20 | Not Available | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p |
| Commodity Trading | Flat Fee Rs 20 | Not Available | Futures: 0.03% (Each leg)| Options: Rs. 50 per lot |
| Minimum Brokerage | |||
| Hidden Charges | Info Not Available | Info Not Available | |
| Funding | Info Not Available | Info Not Available | Yes - 18% interest PA |
| Call & Trade Charges | Rs 50 + 18% GST | Rs 50 Per Executable Order | Free 20 calls per month, and after Rs. 20 per order |
| Auto Square off Charges | Rs 50 + 18% GST | Rs 50 Per Executable Order | 20 calls Free and after that Rs 20 per call |
| Brokerage Calculator | Brokerage Calculator for Upstox | Brokerage Calculator for Groww | Brokerage Calculator for AxisDirect |
Compare Upstox vs Groww vs AxisDirect on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Upstox | 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 360 Per Cr | Agri: Rs 275 Per Cr | NA | |
| Brokerage Charges | Complete Brokerage Plans for upstox | Complete Brokerage Plans for groww | Complete Brokerage Plans for axisdirect |
Compare Upstox vs Groww vs AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox and AxisDirect offers 3-in-1 Account where 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 - AxisDirect offers NRI Trading where Upstox and Groww doesn't offers NRI Trading.
| Account Features Compare | Upstox | Groww | AxisDirect |
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| 3 in 1 Account | |
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| SMS Alerts | |
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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 |
| NRI Trading | |
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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 Upstox 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 | Upstox | Groww | AxisDirect |
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| Desktop Trading Platform | Upstox Pro | Groww App | Ring |
| Desktop Demo | Info Not Available | Info Not Available | Desktop Demo |
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| Web Trading Platform | |
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| Web Trading Detail |
https://pro.upstox.com/ |
Yes |
https://login.axisdirect.in/ |
| Web Trading Demo | Web Trading Demo | Info Not Available | Web Trading Demo |
| Mobile Site | |
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| Mobile Trading | |
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| Mobile Trading App | Upstox | Groww App | AxisDirect Ring Mobile App |
| Mobile Trading App Demo | Upstox Demo | Info Not Available | AxisDirect Ring Mobile App Demo |
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| Android App Download | Andriod Upstox Download | Andriod Groww App Download | Andriod Download |
| iPhone Mobile App (IOS) | |
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| iOS App Download | iOS Upstox Download | iOS Groww App Download | iOS AxisDirect Ring Mobile App Download |
| Android Tablet App | |
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| Trading Software Charges | Free | Free | Yes, DirectTrade - Rs 2999 PA |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Upstox | Equity Intraday and Delivery Brokerage Calculator for Groww | Equity Intraday and Delivery Brokerage Calculator for AxisDirect |
| Futures Brokerage Calculator | Futures Brokerage Calculator for Upstox | Futures Brokerage Calculator for Groww | Futures Brokerage Calculator for AxisDirect |
| Options Brokerage Calculator | Options Brokerage Calculator for Upstox | Options Brokerage Calculator for Groww | Options Brokerage Calculator for AxisDirect |
| Detail | Detail on Trading Platforms for upstox | Detail on Trading Platforms for groww | Detail on Trading Platforms for axisdirect |
| Upstox | Groww | AxisDirect | ||
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12 Customer Reviews
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8 Customer Reviews
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6 Customer Reviews
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| Fees Ratings | ||||
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| Overall Ratings | ||||
| Broker Rating | Upstox is Rated 3.7 / 5 based on 12 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 Upstox 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 - Upstox 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) - All 3 brokers doesn't offer PMS facility.
| Investment Offerings Compare | Upstox | Groww | AxisDirect |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare Upstox 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) - Upstox and AxisDirect provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - Upstox provides Bracket Orders (BO) facility where Groww and AxisDirect doesn't provides Bracket Orders. After Market Orders (AMO) - Upstox and AxisDirect AMO facility where Groww doesn't provides AMO. GTC Orders - Upstox and AxisDirect offers Good Till Cancelled (GTC) orders facility where Groww doesn't provides GTC.
| Order Type Compare | Upstox | Groww | AxisDirect |
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Compare Upstox 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 | Upstox | Groww | AxisDirect |
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| 24/7 Customer Service | |
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| Customer Care Number | +91 22 6130 9999 | 9108800604 | 022-61480808 |
| Account Opening Process | Online/Paperless | Online | Online |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://upstox.com/help-center/ | https://groww.in/academy | https://simplehai.axisdirect.in/learn/overview |
| Head Office Address | Upstox Corporate Office Sunshine Tower, 30th Floor, Senapati Bapat Marg, Dadar (W), Mumbai - 400 013 |
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://upstox.com/ | https://groww.in/ | https://simplehai.axisdirect.in |
Compare Upstox vs Groww vs AxisDirect on research reports and tips provided by broker.
| Upstox | Groww | AxisDirect | |
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| Research Mutual Funds | |
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| Research ETF | |
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| Daily Market Report | |
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Compare Upstox vs Groww vs AxisDirect on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Upstox | Groww | AxisDirect | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 81800 | No | 49200 |
| Demat Account Annual Maintenance Charges(AMC) | ₹300 PA | Zero | ₹500 pa |
| Advance Deposit | NIL | Nil | Nil |
| Statutory charges | Nil | Legal Charges | Nil |
| Transaction Charges on Debit (Per ISIN) | ₹13 + ₹5.50 CDSL charges | ₹8 + ₹5.50 CDSL charges | ₹10 |
| Demat | ₹20 + ₹50 courier charges | ₹150 per certificate + courier charges | ₹3 per certificate |
| Remat | ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) | ₹150 per certificate + courier charges | ₹10 for every hundred securities (Min ₹10) |
| Pledge Creation | 0.02% of the transaction value (Min ₹50) + CDSL charges | ₹20 + Rs. 12 per request (CDSL Charges) | ₹25 |
| Pledge Creation Confirmation | 0.02% of the transaction value (Min ₹50) + CDSL charges | ₹20 + Rs. 12 per request (CDSL Charges) | ₹25 |
| Pledge Closure | 0.02% of the transaction value (Min ₹50) + CDSL charges | ₹20 + Rs. 12 per request (CDSL Charges) | ₹25 |
| Pledge Closure Confirmation | 0.02% of the transaction value (Min ₹50) + CDSL charges | ₹20 + Rs. 12 per request (CDSL Charges) | ₹25 |
| Pledge Invocation | 0.05% of the transaction value (Min ₹50) | ₹20 + Rs. 12 per request (CDSL Charges) | Nil |
| Failed Instruction Charges | ₹50 | ₹50 | Nil |
| Other Charges | Nil | Nil | Nil |
Compare Upstox vs Groww vs AxisDirect on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Upstox | Groww | AxisDirect | |
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| Pay In and Pay Out Options | pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro Pau-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 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. | Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. | NA |
| Bank Detail | HDFC Bank Account Name - RKSV SECURITIES INDIA PVT.LTD. Account Number -00600340067574 Account Type - Current Account IFSC Code- HDFC0000060 |
Info Not Available | Direct from your Axis bank account. |
| Likes |
Before you open an Upstox account, check out the advantages on why to trade with Upstox.
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| Dislikes |
There are some setbacks or disadvantages also while trading with Upstox;
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| Special Offers/Promo | Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs | 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 Upstox | Enquire for Groww | Enquire for AxisDirect |
Last Updated on 2023-12-15T00:33:11+00:00
