AxisDirect Vs Groww (Compare AxisDirect and Groww)

The side-by-side comparison of AxisDirect and Groww. Compare AxisDirect Vs Groww brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best AxisDirect vs Groww?


AxisDirect
Incorporated in 2005, Axis Securities Ltd is part of Axis Bank, a leading private bank in India. Axis Sec is a full-service broker offering stock broking services and distribution of financial products to retail customers in India through its AxisDirect brand. AxisDirect is among top 10 stock brokers in India with over 4.2 lakhs active customers. AxisDirect offers investment in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and Company Fixed Deposits. Axis Sec also offers Home Loa... Know more about Axis Securities


Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... Know more about Nextbillion Technology pvt ltd

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AxisDirect Vs Groww

Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  AxisDirect Groww
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE, MCX NSE and BSE
Account Type Standard Brokerage Plan Standard Plan
Year of Incorporation 2006 2016
Number of Branches 56 0
Broker Enquiry Open an Online Trading Account with AxisDirect. Leave your contact info and we will get in touch with you.
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AxisDirect Vs Groww Charges & AMC

AxisDirect trading account opening charges is Rs 900 while Groww account opening changes is Rs 0. AxisDirect Demat Account AMC Charges is Rs 650 and Groww Demat Account AMC Charges is Rs 0.

  AxisDirect Groww
Trading Account Opening Charges Rs 900 Rs 0
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 650 Rs 0
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AxisDirect Vs Groww Brokerage Charges & Plans

AxisDirect Vs Groww Brokerage

AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05% whereas Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.

  AxisDirect Groww
Account Type Standard Brokerage Plan Standard Plan
Fixed Charges NA NA
Equity Delivery Brokerage 0.50% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage 0.05% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage 0.05% Rs 20 per executed order or 0.05% whichever is lower
Equity Options Brokerage Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot Rs 20 per executed order
Currency Futures Trading Brokerage 0.05% NA
Currency Options Trading Brokerage Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l NA
Commodity Futures Trading Brokerage 0.03% NA
Commodity Options Trading Brokerage Rs 50 per lot NA
Special Offer

AxisDirect Charges Vs Groww

Minimum Brokerage Charges Rs 20 per trade Rs 20 or 0.05% per executed order
Other Brokerage Charges Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges Rs 20 per call NA
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AxisDirect Vs Groww Transaction Charges

AxisDirect transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium) while Groww exchange transaction charges for options is NA.

  AxisDirect Groww
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side) NA
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium) NA
Currency Futures Rs 190 per Cr (0.0019%) NA
Currency Options Rs 5000 per Cr (0.05%) (on premium) NA
Commodity NA
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AxisDirect Vs Groww Leverage (Margin)

AxisDirect provides the margin of Upto 10x for intraday trades whereas the Groww margin for intraday cash is Up to 8x (based on the stock).

  AxisDirect Groww
Equity Delivery 100% (1x) 1x (no margin)
Equity Intraday Upto 10x Up to 8x (based on the stock)
Equity Futures 100% (1x) NA
Equity Options 100% (1x) NA
Currency Futures 100% (1x) NA
Currency Options 100% (1x) NA
Commodity Futures 3x NA
Commodity Options 100% (1x) NA
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Compare AxisDirect and Groww Features

The trading platforms offered AxisDirect include DirectTrade, Axisdirect Web, Axisdirect Mobile. Groww offers Groww trading software.

  AxisDirect Groww
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) Yes No
Trading Platform DirectTrade, Axisdirect Web, Axisdirect Mobile Groww
Intraday Square-off Time 3:15 3:10 PM
Other Features
Referral Program Yes
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AxisDirect Vs Groww Review

AxisDirect is rated 2.1 of 5 based on 64 customer reviews whereas Groww is rated 3.9 of 5 based on 9 customer reviews.

  AxisDirect Groww
  64 Customer Reviews    Rate AxisDirect 9 Customer Reviews    Rate Groww
Fees 2.1 4.3
Trading Brokerage 1.8 4.3
Trading Platform Usability 2.7 3.7
Customer Service 2.2 3.6
Research Capabilities 2.8 2.2
Overall Ratings Rated 2.1 stars Rated 3.9 stars
Broker Rating AxisDirect is rated 2.1 of 5 based on 64 customer reviews Groww is rated 3.9 of 5 based on 9 customer reviews
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Contact Broker / Request A Call Back

  AxisDirect Enquire Groww Enquire
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AxisDirect Vs Groww Investment Options

  AxisDirect Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Loans, ETF, Corporate FD Digital Gold, US Stocks, Fixed Deposits
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AxisDirect Vs Groww Order Type Offered

  AxisDirect Groww
Bracket Order No No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No No
Good Till Cancelled (GTC) Yes No
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AxisDirect Vs Groww Research Report

  AxisDirect Groww
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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AxisDirect Vs Groww Suitable For Investor Type

  AxisDirect Groww
Casual Investor Yes Yes
Active Investor
Trader
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AxisDirect Vs Groww - Pros and Cons

  AxisDirect Groww
Pros
  1. Offers 3-in-1 investment account
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
Cons
  • Minimum Average Quarterly Balance(AQB) of Rs 75,000 in bank account is required. Rs 250 per month fee if minimum balance not maintained.
  • Charges Rs 250 per month fee if you are not an axis bank customer.
  • Install-able trading terminal cost at Rs 2999 per year which is mostly free by all discount brokers
  • Higher commodity and currency trading brokerage.
  • Call & Trade is charged Rs 20 extra per trade
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