Alice BlueSEBI INZ000156038
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 2.5%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹41.30Brokerage and DP with GST, ours
SAMCOSEBI INZ000002535
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹400/yr + taxes
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 cap
- Cost to sell ₹15,000 of IPO shares
- ₹47.20Brokerage and DP with GST, ours
Where Alice Blue and SAMCO differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Alice Blue | SAMCO |
|---|---|---|
| One mainboard lot, ₹15,000₹5.90 less at Alice Blue | ₹41.30 | ₹47.20 |
| Two SME lots, ₹2,50,000₹5.90 less at Alice Blue | ₹41.30 | ₹47.20 |
| A year: 12 mainboard lots sold₹70.80 less at Alice Blue | ₹495.60 | ₹566.40 |
Ours: brokerage and DP charge with 18% GST. STT and exchange charges are equal everywhere, so they are left out. SME bids are two lots.
- Demat maintenance (AMC): ₹0 for life on the current plan at Alice Blue, ₹0 in the first year, then ₹400 plus taxes a year for individuals at SAMCO.
- Equity delivery brokerage: ₹20 or 2.5 per executed order, whichever is lower, as shown on the… at Alice Blue, ₹20 per executed order or 2.5%, whichever is lower at SAMCO.
- DP charge on selling shares: ₹15 plus GST per scrip, on sales only at Alice Blue, ₹20 plus taxes within SAMCO at SAMCO.
The same at both: account opening, Mainboard IPOs and SME IPOs.
Alice Blue vs SAMCO: charges side by side
Differs 4 of 7 charges differ between Alice Blue and SAMCO. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Alice Blue | SAMCO |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 for life on the current plan | ₹0 in the first year, then ₹400 plus taxes a year for individuals |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, with ₹0 brokerage | Yes |
| SME IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 2.5 per executed order, whichever is lower, as shown on the pricing page | ₹20 per executed order or 2.5%, whichever is lower (the headline says 0.25% or ₹20) |
| DP charge on selling shares | ₹15 plus GST per scrip, on sales only | ₹20 plus taxes within SAMCO; ₹25 or 0.02%, whichever is higher, plus taxes outside |
| Registration | ||
| SEBI registration | INZ000156038 | INZ000002535 |
For other trading, equity intraday, Futures and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the Alice Blue and SAMCO pages.
Alice Blue and SAMCO strengths and things worth checking
Alice Blue
Strengths
- ₹0 AMC for life
- IPO applications free
Worth checking
- Brokerage on delivery
Up to ₹20 per order.
- DP charge
₹15 plus GST per sale.
SAMCO
Strengths
- ₹20 cap
Worth checking
- Two delivery rates on one page
The headline says 0.25% or ₹20 and the table says 2.5% or ₹20. Both cap at ₹20.
- AMC after year one
₹400 plus taxes a year.
- Dealer orders
₹50 plus taxes per order.
Brokerage calculator: Alice Blue vs SAMCO
| Charge | Alice Blue | SAMCO |
|---|
Ours, with NSE rates. Change the trade to see what Alice Blue and SAMCO would each charge.
Other comparisons
Every comparison with Alice Blue or SAMCO, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Alice Blue or SAMCO?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹41.30 in broker charges at Alice Blue and ₹47.20 at SAMCO (our calculation). For two SME lots worth ₹2,50,000: Alice Blue ₹41.30, SAMCO ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between Alice Blue and SAMCO be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Alice Blue costs ₹70.80 less in broker charges (our calculation). Add the yearly AMC: Alice Blue: ₹0 for life on the current plan; SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals.
Can I apply for SME IPOs on Alice Blue and SAMCO?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Alice Blue and SAMCO?
Alice Blue: ₹0 for life on the current plan. SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals.
What brokerage do Alice Blue and SAMCO charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹23.60 at Alice Blue and ₹23.60 at SAMCO (our calculation from their published rates).