It is the lineage of the Axis group and a subsidiary of India's third largest private sector bank. Axis direct provides a wide spectrum of investment and trading solutions to over 20 million clients. It won the title of Top Equity broker two years in a row 2018-19 by the BSE outlook. It allows trade via BSE, NSE, MCX and NCDEX exchange.
The Mumbai-based subsidiary was started in 2011 by key people of the Axis group, B. Gopkumar (MD) and Anand Shaha (ED). It offers various financial products to its consumers like Mutual funds, SIP, Equity derivatives, IPO, ETFs, Tax Saving , Fixed income etc. With the motto and tagline of #SimpleHai Axis Direct aims to become a key player in the retails broking industry. They are a full-service broker firm with over 75 branches across India.
In addition to this, Axis direct provides the 3-in-1 account facility which
Groww is a leading mutual fund investment platform now widening its wings into the stock investing world as well. So, here we'll have an exclusive Groww Review covering its features, types of Demat account, brokerage plans and much more.
Brokerage firms offer various plans and services to make life in trading as seamless as possible. But for those who are willing to avail these have to open a Demat and trading account. For the same, choosing the appropriate stock broker is very essential. Groww is one of the many stock brokerage firms that offer stock trading opportunities. Let’s have a brief overview of the company and the trading and Demat account it provides.
Groww initially started as a mutual fund investment platform and was launched in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal. The company offers trading or investment opportunities in mutual funds and
Charge | AxisDirect | Groww |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹999 (For a 3-in-1 Account) | ₹200 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹650 per year (free for 1st year) | ₹300 p.a. (wherein ₹25 charged quarterly) |
Charge | AxisDirect | Groww |
---|---|---|
Plan Name | N/A | Standard Plan |
Equity Delivery | 0.50% | ₹0 |
Equity Intraday | 0.05% | ₹20 or 0.01% of executed order value |
Equity Futures | 0.05% | N/A |
Equity Options | ₹0.01 or ₹10 per lot | N/A |
Currency Futures | 0.05% | N/A |
Currency Options | ₹0.01 or ₹10 per lot | N/A |
Commodity Options | Futures: 0.03% and Options: ₹50 per lot | N/A |
Mutual Fund | N/A | N/A |
Segment | AxisDirect | Groww |
---|---|---|
Equity Delivery | 1x | N/A |
Equity Intraday | Upto 10x | N/A |
Equity Future | 1x | N/A |
Equity Options | 1x | N/A |
Currency Future | 1x | N/A |
Currency Options | 1x | N/A |
Commodity Future | 3x | N/A |
Commodity Options | 1x | N/A |