GeojitSEBI INZ000318938
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- 0.30%
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage 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 Geojit and Groww differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Geojit | Groww |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹35.40 less at Groww; a DP charge is not published | ₹53.10 brokerage; DP charge not published | ₹41.30 |
| Two SME lots, ₹2,50,000Brokerage ₹861.40 less at Groww; a DP charge is not published | ₹885.00 brokerage; DP charge not published | ₹47.20 |
| A year: 12 mainboard lots soldBrokerage ₹424.80 less at Groww; a DP charge is not published | ₹637.20 brokerage; DP charge not published | ₹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): not stated at Geojit, ₹0 at Groww.
- Equity delivery brokerage: 0.30% at Geojit, ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Groww.
- DP charge on selling shares: not stated at Geojit, ₹3.50 depository at Groww.
- SME IPOs: not stated at Geojit, Yes, SME IPOs can be applied for on Groww at Groww.
The same at both: account opening and Mainboard IPOs.
Geojit vs Groww: charges side by side
Differs 5 of 7 charges differ between Geojit and Groww. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Geojit | Groww |
|---|---|---|
| Open an account | ||
| Account opening | Nil | ₹0 |
| Demat maintenance (AMC) | Not stated on the pages we checked | ₹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 | Not stated on the pages we checked | Yes, SME IPOs can be applied for on Groww |
| Sell your IPO shares | ||
| Equity delivery brokerage | 0.30% | ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 |
| DP charge on selling shares | Not stated on the pages we checked | ₹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 | INZ000318938 | INZ000301838 |
For other trading, equity intraday, Futures and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the Geojit and Groww pages.
Geojit and Groww strengths and things worth checking
Geojit
Strengths
- Full-service support
Worth checking
- Percentage brokerage on delivery
0.30% with no cap: ₹45 on a ₹15,000 sale.
- AMC and DP charge not on the pricing page
Check them before you open an account.
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: Geojit vs Groww
| Charge | Geojit | Groww |
|---|
Ours, with NSE rates. Change the trade to see what Geojit and Groww would each charge.
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Every comparison with Geojit or Groww, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Geojit or Groww?
Geojit does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. On brokerage alone, one mainboard lot (₹15,000) costs ₹35.40 less at Groww (our calculation). For two SME lots worth ₹2,50,000: Geojit ₹885.00 brokerage; DP charge not published, Groww ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between Geojit and Groww be over a year?
Not in full, because Geojit does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹424.80 less at Groww (our calculation).
Can I apply for SME IPOs on Geojit and Groww?
Groww lets you apply for SME IPOs; Geojit does not say so on the pages we checked.
What is the demat AMC at Geojit and Groww?
Geojit: not stated. Groww: ₹0.
What brokerage do Geojit 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 ₹53.10 at Geojit and ₹17.70 at Groww (our calculation from their published rates).