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
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 Geojit and SAMCO differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Geojit | SAMCO |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹29.50 less at SAMCO; a DP charge is not published | ₹53.10 brokerage; DP charge not published | ₹47.20 |
| Two SME lots, ₹2,50,000Brokerage ₹861.40 less at SAMCO; a DP charge is not published | ₹885.00 brokerage; DP charge not published | ₹47.20 |
| A year: 12 mainboard lots soldBrokerage ₹354.00 less at SAMCO; a DP charge is not published | ₹637.20 brokerage; DP charge not published | ₹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): not stated at Geojit, ₹0 in the first year, then ₹400 plus taxes a year for individuals at SAMCO.
- Equity delivery brokerage: 0.30% at Geojit, ₹20 per executed order or 2.5%, whichever is lower at SAMCO.
- DP charge on selling shares: not stated at Geojit, ₹20 plus taxes within SAMCO at SAMCO.
The same at both: account opening, Mainboard IPOs and SME IPOs.
Geojit vs SAMCO: charges side by side
Differs 4 of 7 charges differ between Geojit and SAMCO. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Geojit | SAMCO |
|---|---|---|
| Open an account | ||
| Account opening | Nil | ₹0 |
| Demat maintenance (AMC) | Not stated on the pages we checked | ₹0 in the first year, then ₹400 plus taxes a year for individuals |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes |
| SME IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | 0.30% | ₹20 per executed order or 2.5%, whichever is lower (the headline says 0.25% or ₹20) |
| DP charge on selling shares | Not stated on the pages we checked | ₹20 plus taxes within SAMCO; ₹25 or 0.02%, whichever is higher, plus taxes outside |
| Registration | ||
| SEBI registration | INZ000318938 | INZ000002535 |
For other trading, equity intraday, Futures and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the Geojit and SAMCO pages.
Geojit and SAMCO 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.
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: Geojit vs SAMCO
| Charge | Geojit | SAMCO |
|---|
Ours, with NSE rates. Change the trade to see what Geojit and SAMCO would each charge.
Other comparisons
Every comparison with Geojit or SAMCO, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Geojit or SAMCO?
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 ₹29.50 less at SAMCO (our calculation). For two SME lots worth ₹2,50,000: Geojit ₹885.00 brokerage; DP charge not published, SAMCO ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between Geojit and SAMCO 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 ₹354.00 less at SAMCO (our calculation).
Can I apply for SME IPOs on Geojit and SAMCO?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Geojit and SAMCO?
Geojit: not stated. SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals.
What brokerage do Geojit 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 ₹53.10 at Geojit and ₹23.60 at SAMCO (our calculation from their published rates).