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AxisDirect Vs Groww Demat Account Comparison

The side-by-side comparison of AxisDirect and Groww Demat Account. Compare AxisDirect Vs Groww Demat account charges, AMC and Fees. Read Groww and AxisDirect demat account review.

Find out AxisDirect Vs Groww which is better demat account and AxisDirect Vs Groww which is best demat account.

Our Axis Securities demat account comparison with Nextbillion Technology pvt ltd highlights the major differences between two brokers. Find the best demat between AxisDirect and Groww.

AxisDirect Vs Groww

  AxisDirect Groww
Axis Securities Logo Nextbillion Technology pvt ltd Logo
About the Broker

Axis Securities Limited is part of Axis bank, India's leading private bank. Axis Securities offers its services though Axis Direct. The 3-in-1 account by Axis is the most popular offering by the bank. This account includes a Bank Account, a Trading Account and a demat account, all integrated together for seamless transactions among them.

Groww is a fast-growing online stock broker and mutual fund investment company. It offers services to invest in Equity, IPO, and Direct Mutual Funds. Groww started offering demat account services in 2020. It is a member of the CDSL depository.

Groww is an online discount broker. It charges a flat of Rs.20 or 0.05% per executed order whichever is lower as trade brokerage fee.

Groww demat account charges include Account Opening fee of Rs.0 (Free), AMC of Rs.0 (free) and Debit Transaction Charge of Rs.13.50 per script for delivery trades and zero for intraday trades.

DP ID 12027500 88700
Contact Info

Gigaplex, Bldg No.1, 4th Floor, Plot No. I.T.5, MIDC Airoli Knowledge Park,
Airoli, Navi Mumbai, Maharashtra, India 400708

Next Billion Technology Private Limitedm 1st Floor, Proms Complex, SBI Colony, 1A Koramangala, Bangalore, Karnataka, India - 560034
Services Offered

Equity, Derivatives, Mutual funds, SIP, IPO, NCD and Bonds, ETFs, Currency, Depository Services (Demat Account)

Equity, IPO, and Direct Mutual Funds
Find more info about broker
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AxisDirect Vs Groww Demat Account Opening Charges

  AxisDirect Groww
Demat Account Opening Fee

Nil

₹0 (Free)
Demat Account AMC
  • Retail Account:
    • Axis Bank Customer: Rs 650 per year (1st year free). Rs 2500 for client who has not authorised bank to debit Demat ac charges from Bank ac maintained with Axis Bank.
    • Non-Axis Bank Customer: Rs 250 per year (1st year free)
  • BSDA Account:
    • Nil for holding value till Rs 50,000
    • Rs 100 per year for holding value from Rs 50,001 to Rs 2,00,000
    • Holding value above Rs 2,00,000 tariff for Retail account will be applicable.
  • Corporate Account:
    • Rs 400 for Axis Bank clients + CDSL AMC of Rs 500
    • Rs 600 for non-Axis Bank clients+ CDSL AMC of Rs 500
₹0 (Free)
Advance Deposit

Nil

₹0
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AxisDirect Vs Groww Demat Charges

  AxisDirect Groww
Dematerialisation Charges
  • Retail / BSDA Account: Rs 5 per certificate subject to minimum of Rs 50 per request, whichever is higher. Rs 50 per request as courier charges for mutual fund Units.
  • Corporate Account: Rs 2.50 per certificate subject to a minimum of the Rs 50 per request.
₹150 per certificate + courier charges
Rematerialisation Charges
  • Retail / BSDA Account: Rs 20 for every 100 securities or part thereof or Rs 50 per request whichever is higher. Rs 50 per instruction for mutual fund Units.
  • Corporate Account: Rs 20 per certificate subject to minimum of Rs 50 per request
₹150 per certificate + courier charges
Transaction Charges (Credit or Buy)
Transaction Charges (Debit or Sell)
  • Retail Account: 0.04% of the value of the transaction (Min Rs 25 per instruction) whichever is higher. Rs 25 flat per instruction for mutual fund units.
  • BSDA Account: 0.06% of the value of the transaction (Min Rs 50 per instruction) whichever is higher. Rs 50 flat per instruction for mutual fund units.
  • Corporate Account: 0.04% subject to minimum of Rs 23 per instruction.
₹8 + ₹5.50 (CDSL Charges) per ISIN
Pledge Creation Charges
  • Retail Account: 0.04% of the value of the transaction (Min Rs 50 per instruction) whichever is higher.
  • BSDA Account: 0.06% of the value of the transaction (Min Rs 50 per instruction) whichever is higher.
  • Corporate Account: Flat Rs 50 per request.
₹20 + ₹12 per request (CDSL Charges)
Pledge Creation Confirmation Charges

Nil

Pledge Invocation Charges
  • Retail Account: 0.04% of the value of the transaction (Min Rs 50 per instruction) whichever is higher.
  • BSDA Account: 0.06% of the value of the transaction (Min Rs 50 per instruction) whichever is higher.
  • Corporate Account: Flat Rs 50 per request.
₹20
Failed Instruction Charges

Rs 10 per Instruction

₹50 per ISIN
Other Charges
  • Ad-hoc Statement - Rs 100 per statement
  • Quarterly (Physical) statement
    • Retail Account - Nil
    • BSDA Account - Rs 25 per statement
  • Account Modification Charges
    • Retail Account - Nil
    • BSDA Account - Rs 100
  • DIS Booklet Charge
    • Retail Account - NIL
    • BSDA Account - Rs 200 per booklet
  • Redemption of mutual fund units through DP - Rs 25 per instruction
KYC Modification: ₹50
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