FYERSSEBI INZ000008524
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 0.3%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹38.35Brokerage 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 FYERS and Groww differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | FYERS | Groww |
|---|---|---|
| One mainboard lot, ₹15,000₹2.95 less at FYERS | ₹38.35 | ₹41.30 |
| Two SME lots, ₹2,50,000₹8.85 less at FYERS | ₹38.35 | ₹47.20 |
| A year: 12 mainboard lots sold₹35.40 less at FYERS | ₹460.20 | ₹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.
- Equity delivery brokerage: ₹20 or 0.3% per executed order, whichever is lower at FYERS, ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Groww.
- DP charge on selling shares: ₹12.50 plus GST per scrip at FYERS, ₹3.50 depository at Groww.
- SME IPOs: The help page lists applications by type at FYERS, Yes, SME IPOs can be applied for on Groww at Groww.
The same at both: account opening, Demat maintenance (AMC) and Mainboard IPOs.
FYERS vs Groww: charges side by side
Differs 4 of 7 charges differ between FYERS and Groww. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | FYERS | Groww |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 for trading and demat accounts | ₹0 |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, on the FYERS web and mobile platforms, with ₹0 brokerage | Yes, in the Stocks tab of the app with a UPI mandate. The mandate request arrives within an hour or two |
| SME IPOs | The help page lists applications by type (mainboard or SME) in the IPO section | Yes, SME IPOs can be applied for on Groww |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.3% per executed order, whichever is lower (Prime: ₹15 or 0.3%) | ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 |
| DP charge on selling shares | ₹12.50 plus GST per scrip (ISIN) | ₹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 | INZ000008524 | INZ000301838 |
For other trading, equity intraday, Futures, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the FYERS and Groww pages.
FYERS and Groww strengths and things worth checking
FYERS
Strengths
- ₹0 AMC and account opening
- IPO applications free
- Low DP charge
Worth checking
- Brokerage on delivery
Up to ₹20 per order (₹15 on Prime).
- MTF on small amounts
16.49% a year on funding up to ₹1 lakh.
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: FYERS vs Groww
| Charge | FYERS | Groww |
|---|
Ours, with NSE rates. Change the trade to see what FYERS and Groww would each charge.
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Every comparison with FYERS or Groww, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, FYERS or Groww?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹38.35 in broker charges at FYERS and ₹41.30 at Groww (our calculation). For two SME lots worth ₹2,50,000: FYERS ₹38.35, Groww ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between FYERS and Groww be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, FYERS costs ₹35.40 less in broker charges (our calculation). Add the yearly AMC: FYERS: ₹0 for trading and demat accounts; Groww: ₹0.
Can I apply for SME IPOs on FYERS and Groww?
Groww lets you apply for SME IPOs; FYERS does not say so on the pages we checked.
What brokerage do FYERS 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 FYERS and ₹17.70 at Groww (our calculation from their published rates).
What DP charge do FYERS and Groww take when I sell IPO shares?
For one sale of ₹15,000, with GST: ₹14.75 at FYERS; ₹23.60 at Groww (our calculation). It is charged on each sale from your demat account.