Bajaj BrokingSEBI INZ000218931
- Account opening
- ₹0
- Demat AMC
- ₹0 (pack ₹431/yr from year 2)
- SME IPOs
- Yes
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- ₹64.90Brokerage and DP with GST, ours
GrowwSEBI INZ000301838
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Yes
- Delivery brokerage
- ₹20 or 0.1%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹41.30Brokerage and DP with GST, ours
Where Bajaj Broking and Groww differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bajaj Broking | Groww |
|---|---|---|
| One mainboard lot, ₹15,000₹23.60 less at Groww | ₹64.90 | ₹41.30 |
| Two SME lots, ₹2,50,000₹17.70 less at Groww | ₹64.90 | ₹47.20 |
| A year: 12 mainboard lots sold₹283.20 less at Groww | ₹778.80 | ₹495.60 |
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): Nil, but the Freedom Pack subscription is ₹431 a year from the second… at Bajaj Broking, ₹0 at Groww.
- Equity delivery brokerage: ₹20 per order at Bajaj Broking, ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Groww.
- DP charge on selling shares: ₹35 or 0.0002% of the value, whichever is higher, plus taxes at Bajaj Broking, ₹3.50 depository at Groww.
The same at both: account opening, Mainboard IPOs and SME IPOs.
Bajaj Broking vs Groww: charges side by side
Differs 4 of 7 charges differ between Bajaj Broking and Groww. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bajaj Broking | Groww |
|---|---|---|
| Open an account | ||
| Account opening | Nil | ₹0 |
| Demat maintenance (AMC) | Nil, but the Freedom Pack subscription is ₹431 a year from the second year (free in the first) | ₹0 |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes, in the Stocks tab of the app with a UPI mandate. The mandate request arrives within an hour or two |
| SME IPOs | Yes. SME IPOs are listed with an Apply Now option | Yes, SME IPOs can be applied for on Groww |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 per order (Professional Pack: ₹10, for ₹2,500 a year) | ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 |
| DP charge on selling shares | ₹35 or 0.0002% of the value, whichever is higher, plus taxes | ₹3.50 depository (₹3.25 for women) plus ₹16.50 Groww per sell, plus GST; ₹0 when the debit value is under ₹100 |
| Registration | ||
| SEBI registration | INZ000218931 | INZ000301838 |
For other trading, equity intraday, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the Bajaj Broking and Groww pages.
Bajaj Broking and Groww strengths and things worth checking
Bajaj Broking
Strengths
- Cheaper dealer orders
- No demat AMC
- SME IPOs
Worth checking
- Pack fee from year two
₹431 a year for the Freedom Pack.
- Higher DP charge
₹35 plus taxes per sale.
Groww
Strengths
- ₹0 AMC
- ₹0 account opening
- SME IPOs in the app
Worth checking
- Brokerage on delivery
Up to ₹20 per order (0.1%, minimum ₹5) when you sell IPO shares.
- DP charge on sale
₹20 plus GST each time you sell a stock from your demat account.
Brokerage calculator: Bajaj Broking vs Groww
| Charge | Bajaj Broking | Groww |
|---|
Ours, with NSE rates. Change the trade to see what Bajaj Broking and Groww would each charge.
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Frequently asked questions
Which is cheaper for selling IPO shares, Bajaj Broking or Groww?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹41.30 in broker charges at Groww and ₹64.90 at Bajaj Broking (our calculation). For two SME lots worth ₹2,50,000: Bajaj Broking ₹64.90, Groww ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bajaj Broking and Groww be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Groww costs ₹283.20 less in broker charges (our calculation). Add the yearly AMC: Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second…; Groww: ₹0.
Can I apply for SME IPOs on Bajaj Broking and Groww?
Both let you apply for SME IPOs.
What is the demat AMC at Bajaj Broking and Groww?
Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second…. Groww: ₹0.
What brokerage do Bajaj Broking and Groww 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 Bajaj Broking and ₹17.70 at Groww (our calculation from their published rates).