IPO ChampIPO Insights
IPO Champ LogoIPO Champ Logo

IPOs

IPO Calendar
GMP Tracker
Subscription Status
Allotment Status
Stock Broker
  • Follow us on Instagram
  • Follow us on Facebook
  • Follow us on Threads
  • Follow us on YouTube
  • Follow us on Telegram
  • Follow us on WhatsApp
HomeStock BrokerAxis Direct vs Groww

Axis Direct vs Groww

Side-by-side view of features, pricing context, and platform fit.

Axis Direct

Axis Direct

Active Clients: 4,11,423

Established in 2005, Axis Securities Ltd is a subsidiary of Axis Bank, a prominent private bank in India. Axis Sec serves as a comprehensive broker, providing stock broking services and distributing financial products...

Groww

Groww

Active Clients: 1,24,80,505

Groww is a Bangalore-based online brokerage firm operating under Groww Invest Tech Pvt Ltd, a SEBI-registered broker and member of the NSE and BSE. Initially, it began as a direct mutual fund platform, and subsequentl...

Side-by-Side Compare Table

CategoryAxisDirectGroww
Basic Details
  • •Broker Type: Full-service broker (Axis Securities)
  • •Founded: 2005
  • •Broker Type: Digital-first discount broker
  • •Founded: 2016 (broking entity expanded later from MF platform)
Charges & AMC
  • •Demat Account Opening: Rs 0
  • •Demat AMC: Rs 750 per year (first year free in listed offer)
  • •Trading and Demat Account Opening: Rs 0
  • •Trading AMC: Rs 0
Brokerage
  • •Brokerage is plan based.
  • •Elite Plan example: Delivery 0.15%, Intraday 0.01%, Futures 0.01%, Options Rs 15/order.
  • •Equity Delivery: Lower of Rs 20 or 0.05% per order
  • •Equity Intraday: Lower of Rs 20 or 0.05% per order
Other Charges
  • •MTF interest is plan dependent.
  • •Usual statutory charges apply: STT, exchange charges, GST, SEBI charges, stamp duty.
  • •Auto square-off charge: Rs 50
  • •Statutory and exchange charges apply separately.
Leverage (Margin)
  • •E-Margin (T+240) proposition is highlighted.
  • •Margin Trading Facility interest rates vary by plan.
  • •Margin and leverage depend on segment and risk policy.
  • •Source section introduces margin topic but does not expose one fixed leverage number in the extracted snapshot.
Features
  • •Axis Bank-backed 3-in-1 integration.
  • •30+ product access including unlisted shares and SLBM.
  • •Paperless onboarding and simple UX.
  • •Strong mutual fund and retail investing workflow.
Trading Platforms
  • •Axis Direct Investor App
  • •Axis Direct Trader App
  • •Groww Mobile App
  • •Groww Web Platform
Reviews & Ratings
  • •Positioned as a trusted bank-backed full-service option.
  • •In this source extract, no single numeric overall rating is explicitly listed.
  • •Positioned as beginner friendly with strong app adoption.
  • •In this source snapshot, no single numeric consolidated rating table is shown.
Investment Options
  • •Equity and derivatives
  • •Mutual funds and SIP
  • •Equity
  • •Intraday and derivatives
Order Types Offered
  • •Standard order types on mobile/web/desktop
  • •GTD support referenced in app features
  • •Standard market and limit order flows
  • •App and web based execution
Suitable For (Investor Type)
  • •Users who want banking + Demat + trading linkage.
  • •Investors needing research-backed and branch-enabled service.
  • •First-time investors preferring clean mobile-first experience.
  • •Cost-conscious users who also invest in direct mutual funds.
Pros and Cons
  • •Pros:
  • •Strong 3-in-1 ecosystem with Axis Bank integration.
  • •Pros:
  • •Zero opening/AMC and low brokerage.

Detailed Comparison

Basic Details

AxisDirectGroww
  • •Broker Type: Full-service broker (Axis Securities)
  • •Founded: 2005
  • •SEBI Registration: INZ000161633
  • •NSE Member Code: 14816
  • •Net Worth: Rs 1804.95 Cr
  • •Broker Type: Digital-first discount broker
  • •Founded: 2016 (broking entity expanded later from MF platform)
  • •SEBI Registration: INZ000301838
  • •NSE Member Code: 90187
  • •Net Worth: Rs 1433.11 Cr

Charges & AMC

AxisDirectGroww
  • •Demat Account Opening: Rs 0
  • •Demat AMC: Rs 750 per year (first year free in listed offer)
  • •Plan-based fee structure applies (for example Elite/Platinum plans)
  • •Trading and Demat Account Opening: Rs 0
  • •Trading AMC: Rs 0
  • •Demat AMC: Rs 0

Brokerage

AxisDirectGroww
  • •Brokerage is plan based.
  • •Elite Plan example: Delivery 0.15%, Intraday 0.01%, Futures 0.01%, Options Rs 15/order.
  • •Platinum Plan example: Delivery 0.07%, Intraday 0.01%, Futures 0.01%, Options Rs 10/order.
  • •Equity Delivery: Lower of Rs 20 or 0.05% per order
  • •Equity Intraday: Lower of Rs 20 or 0.05% per order
  • •Equity Futures: Flat Rs 20 per order
  • •Equity Options: Flat Rs 20 per order
  • •Direct Mutual Funds: Rs 0 commission

Other Charges

AxisDirectGroww
  • •MTF interest is plan dependent.
  • •Usual statutory charges apply: STT, exchange charges, GST, SEBI charges, stamp duty.
  • •Auto square-off charge: Rs 50
  • •Statutory and exchange charges apply separately.

Leverage (Margin)

AxisDirectGroww
  • •E-Margin (T+240) proposition is highlighted.
  • •Margin Trading Facility interest rates vary by plan.
  • •Margin and leverage depend on segment and risk policy.
  • •Source section introduces margin topic but does not expose one fixed leverage number in the extracted snapshot.

Features

AxisDirectGroww
  • •Axis Bank-backed 3-in-1 integration.
  • •30+ product access including unlisted shares and SLBM.
  • •Research-backed ideas and advisory support.
  • •Relationship manager support for premium users.
  • •Paperless onboarding and simple UX.
  • •Strong mutual fund and retail investing workflow.
  • •Unified app for stocks, IPOs, ETFs, and MFs.
  • •Educational resources via blogs and ebooks.

Trading Platforms

AxisDirectGroww
  • •Axis Direct Investor App
  • •Axis Direct Trader App
  • •Trader EXE desktop terminal
  • •NXTOptions, Greeksoft, Spider, and allied advanced tools
  • •Groww Mobile App
  • •Groww Web Platform
  • •915 by Groww (advanced web terminal)

Reviews & Ratings

AxisDirectGroww
  • •Positioned as a trusted bank-backed full-service option.
  • •In this source extract, no single numeric overall rating is explicitly listed.
  • •Positioned as beginner friendly with strong app adoption.
  • •In this source snapshot, no single numeric consolidated rating table is shown.

Investment Options

AxisDirectGroww
  • •Equity and derivatives
  • •Mutual funds and SIP
  • •IPO, ETF, NCD, fixed income
  • •Commodities, insurance, tax-saving products, unlisted stocks
  • •Equity
  • •Intraday and derivatives
  • •IPO
  • •ETFs
  • •Direct mutual funds
  • •Digital gold

Order Types Offered

AxisDirectGroww
  • •Standard order types on mobile/web/desktop
  • •GTD support referenced in app features
  • •Advanced derivatives and options workflow tools
  • •Standard market and limit order flows
  • •App and web based execution
  • •Advanced workflow through 915 terminal for active users

Suitable For (Investor Type)

AxisDirectGroww
  • •Users who want banking + Demat + trading linkage.
  • •Investors needing research-backed and branch-enabled service.
  • •Traders who prefer premium pro tools with plan-based pricing.
  • •First-time investors preferring clean mobile-first experience.
  • •Cost-conscious users who also invest in direct mutual funds.
  • •Traders seeking simple flat-fee execution.

Pros and Cons

AxisDirectGroww
  • •Pros:
  • •Strong 3-in-1 ecosystem with Axis Bank integration.
  • •Rich research and platform coverage.
  • •Multiple plans for different trading styles.
  • •Cons:
  • •Pricing is less simple than flat-fee discount brokers.
  • •Higher fixed plan fees may not suit very low-activity users.
  • •Pros:
  • •Zero opening/AMC and low brokerage.
  • •Strong digital onboarding and usability.
  • •Commission-free direct mutual funds.
  • •Cons:
  • •Limited offline support model.
  • •Advisory depth is lower than traditional full-service broker setups.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.

Compare Axis Direct with Top Brokers

Axis Direct vs 5PaisaAxis Direct vs Angel OneAxis Direct vs FyersAxis Direct vs GrowwAxis Direct vs ICICIdirectAxis Direct vs INDmoneyAxis Direct vs Kotak NeoAxis Direct vs Motilal OswalAxis Direct vs Paytm MoneyAxis Direct vs UpstoxAxis Direct vs Zerodha
IPO Champ LogoIPO Champ Logo

IPO Champ helps investors track upcoming, live and past IPOs in one place with GMP, subscription, allotment status and listing performance insights.

Tools

IPO CalendarGMP TrackerSubscription StatusAllotment Status

IPOs

All IPOsLive IPOsUpcoming IPOsClosed IPOsListed IPOs

Resources

NewseBooks

Company

HomeAbout UsPrivacy PolicyTerms of Service

About IPO Champ

IPO Champ is built for investors who want a clear view of every IPO opportunity in one place. From upcoming issues to live subscription data, allotment updates and listing performance, we bring together the key details you need to track the primary market.

Our tools are designed to be simple, fast and investor-friendly so you can focus on evaluating businesses instead of opening multiple tabs and websites for basic information.

Details of client bank account
For any query / feedback / clarifications, email at
help@ipochamp.com.

Please read all offer documents and risk disclosures carefully before investing. IPO Champ does not provide investment advice and information on this site should not be treated as a recommendation to apply for any IPO.

© 2026 IPO Champ. All rights reserved.

Want to stay updated?Subscribe to our newsletter