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
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 Bajaj Broking and SAMCO differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bajaj Broking | SAMCO |
|---|---|---|
| One mainboard lot, ₹15,000₹17.70 less at SAMCO | ₹64.90 | ₹47.20 |
| Two SME lots, ₹2,50,000₹17.70 less at SAMCO | ₹64.90 | ₹47.20 |
| A year: 12 mainboard lots sold₹212.40 less at SAMCO | ₹778.80 | ₹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): Nil, but the Freedom Pack subscription is ₹431 a year from the second… at Bajaj Broking, ₹0 in the first year, then ₹400 plus taxes a year for individuals at SAMCO.
- Equity delivery brokerage: ₹20 per order at Bajaj Broking, ₹20 per executed order or 2.5%, whichever is lower at SAMCO.
- DP charge on selling shares: ₹35 or 0.0002% of the value, whichever is higher, plus taxes at Bajaj Broking, ₹20 plus taxes within SAMCO at SAMCO.
- SME IPOs: Yes. SME IPOs are listed with an Apply Now option at Bajaj Broking, not stated at SAMCO.
The same at both: account opening and Mainboard IPOs.
Bajaj Broking vs SAMCO: charges side by side
Differs 5 of 7 charges differ between Bajaj Broking and SAMCO. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bajaj Broking | SAMCO |
|---|---|---|
| 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 in the first year, then ₹400 plus taxes a year for individuals |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes |
| SME IPOs | Yes. SME IPOs are listed with an Apply Now option | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 per order (Professional Pack: ₹10, for ₹2,500 a year) | ₹20 per executed order or 2.5%, whichever is lower (the headline says 0.25% or ₹20) |
| DP charge on selling shares | ₹35 or 0.0002% of the value, whichever is higher, plus taxes | ₹20 plus taxes within SAMCO; ₹25 or 0.02%, whichever is higher, plus taxes outside |
| Registration | ||
| SEBI registration | INZ000218931 | INZ000002535 |
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 SAMCO pages.
Bajaj Broking and SAMCO 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.
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: Bajaj Broking vs SAMCO
| Charge | Bajaj Broking | SAMCO |
|---|
Ours, with NSE rates. Change the trade to see what Bajaj Broking and SAMCO would each charge.
Other comparisons
Every comparison with Bajaj Broking or SAMCO, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bajaj Broking or SAMCO?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹47.20 in broker charges at SAMCO and ₹64.90 at Bajaj Broking (our calculation). For two SME lots worth ₹2,50,000: Bajaj Broking ₹64.90, SAMCO ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bajaj Broking and SAMCO be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, SAMCO costs ₹212.40 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…; SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals.
Can I apply for SME IPOs on Bajaj Broking and SAMCO?
Bajaj Broking lets you apply for SME IPOs; SAMCO does not say so on the pages we checked.
What is the demat AMC at Bajaj Broking and SAMCO?
Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second…. SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals.
What brokerage do Bajaj Broking 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 Bajaj Broking and ₹23.60 at SAMCO (our calculation from their published rates).