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
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 FYERS and SAMCO differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | FYERS | SAMCO |
|---|---|---|
| One mainboard lot, ₹15,000₹8.85 less at FYERS | ₹38.35 | ₹47.20 |
| Two SME lots, ₹2,50,000₹8.85 less at FYERS | ₹38.35 | ₹47.20 |
| A year: 12 mainboard lots sold₹106.20 less at FYERS | ₹460.20 | ₹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 trading and demat accounts at FYERS, ₹0 in the first year, then ₹400 plus taxes a year for individuals at SAMCO.
- Equity delivery brokerage: ₹20 or 0.3% per executed order, whichever is lower at FYERS, ₹20 per executed order or 2.5%, whichever is lower at SAMCO.
- DP charge on selling shares: ₹12.50 plus GST per scrip at FYERS, ₹20 plus taxes within SAMCO at SAMCO.
- SME IPOs: The help page lists applications by type at FYERS, not stated at SAMCO.
The same at both: account opening and Mainboard IPOs.
FYERS vs SAMCO: charges side by side
Differs 5 of 7 charges differ between FYERS and SAMCO. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | FYERS | SAMCO |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 for trading and demat accounts | ₹0 in the first year, then ₹400 plus taxes a year for individuals |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, on the FYERS web and mobile platforms, with ₹0 brokerage | Yes |
| SME IPOs | The help page lists applications by type (mainboard or SME) in the IPO section | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.3% per executed order, whichever is lower (Prime: ₹15 or 0.3%) | ₹20 per executed order or 2.5%, whichever is lower (the headline says 0.25% or ₹20) |
| DP charge on selling shares | ₹12.50 plus GST per scrip (ISIN) | ₹20 plus taxes within SAMCO; ₹25 or 0.02%, whichever is higher, plus taxes outside |
| Registration | ||
| SEBI registration | INZ000008524 | INZ000002535 |
For other trading, equity intraday, Futures and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the FYERS and SAMCO pages.
FYERS and SAMCO 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.
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: FYERS vs SAMCO
| Charge | FYERS | SAMCO |
|---|
Ours, with NSE rates. Change the trade to see what FYERS and SAMCO would each charge.
Other comparisons
Every comparison with FYERS or SAMCO, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, FYERS or SAMCO?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹38.35 in broker charges at FYERS and ₹47.20 at SAMCO (our calculation). For two SME lots worth ₹2,50,000: FYERS ₹38.35, SAMCO ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between FYERS and SAMCO be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, FYERS costs ₹106.20 less in broker charges (our calculation). Add the yearly AMC: FYERS: ₹0 for trading and demat accounts; SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals.
Can I apply for SME IPOs on FYERS and SAMCO?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at FYERS and SAMCO?
FYERS: ₹0 for trading and demat accounts. SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals.
What brokerage do FYERS 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 FYERS and ₹23.60 at SAMCO (our calculation from their published rates).