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Axis Direct vs Groww

Comparison of charges, features, and platform quality. Both Axis Direct and Groww are popular choices, but they cater to slightly different types of investors. One is a low-cost discount broker, while the other offers premium full-service features.

Our Verdict

This is a comparison between a Discount Broker (Groww) and a Full-Service Broker (Axis Direct).

Groww

Choose Groww if:

  • You want to save massively on brokerage fees.
  • You don't need stock tips or a relationship manager.
Axis Direct

Choose Axis Direct if:

  • You are a beginner needing guidance & research reports.
  • You prefer offline support or a relationship manager.
Explore Axis DirectExplore Groww

At a Glance Comparison

Feature
Axis Direct
Axis Direct
Groww
Groww
Broker TypeFull-Service / HybridDiscount
Account Opening₹900₹0 (Free)
AMC (Yearly)₹650/year₹0 (Free)
Equity Delivery0.50%₹20 or 0.05%
Intraday Tradng0.05%₹20 or 0.05%
Active Clients10 Lakhs+50 Lakhs+
Rating3.84.7
Best ForInvestors, BankingBeginners, Mutual Funds
Pros
  • 3-in-1 Account
  • Research reports
  • Seamless fund transfer
  • Zero Account Opening & AMC Charges
  • Extremely simple UI for beginners
  • Fast account opening process
  • Direct Mutual Funds supported
Cons
  • Performance issues
  • High charges
  • Charged for equity delivery (unlike Zerodha)
  • Limited advanced trading features
  • No commodity trading (initially)

Brokerage Charges Explained

Axis Direct Fees

For equity delivery, 0.50% applies. If you trade Intraday, you pay 0.05% per order.
This makes it suitable for investors.

Groww Fees

For equity delivery, ₹20 or 0.05% applies. If you trade Intraday, you pay ₹20 or 0.05% per order.
This makes it suitable for investors.

* Hidden costs: Remember to account for annual maintenance charges (Axis Direct: ₹650/year, Groww: ₹0 (Free)).

Trading Platform & App

Axis DirectAxis Direct
App Rating3.8/5

Axis Direct's platform is known for being comprehensive. It is generally considered robust for advanced analysis.

GrowwGroww
App Rating4.7/5

Groww's platform focuses on research and data. Users find it extremely beginner friendly.

Choose Axis Direct if:

  • You are looking for the best platform for Investors.
  • You are looking for the best platform for Banking.
  • You prefer 3-in-1 account features.

Choose Groww if:

  • You are looking for the best platform for Beginners.
  • You are looking for the best platform for Mutual Funds.
  • You prefer free amc features.

Pros & Cons Comparison

Axis Direct

Advantages

  • 3-in-1 Account
  • Research reports
  • Seamless fund transfer

Disadvantages

  • Performance issues
  • High charges

Groww

Advantages

  • Zero Account Opening & AMC Charges
  • Extremely simple UI for beginners
  • Fast account opening process

Disadvantages

  • Charged for equity delivery (unlike Zerodha)
  • Limited advanced trading features
  • No commodity trading (initially)

Common Questions

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Ready to choose?

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