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
IIFL CapitalSEBI INZ000164132
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹250/yr + GST
- SME IPOs
- Not stated
- Delivery brokerage
- 0.25%
- Cost to sell ₹15,000 of IPO shares
- ₹73.75Brokerage and DP with GST, ours
Where Groww and IIFL Capital differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Groww | IIFL Capital |
|---|---|---|
| One mainboard lot, ₹15,000₹32.45 less at Groww | ₹41.30 | ₹73.75 |
| Two SME lots, ₹2,50,000₹719.80 less at Groww | ₹47.20 | ₹767.00 |
| A year: 12 mainboard lots sold₹389.40 less at Groww | ₹495.60 | ₹885.00 |
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 at Groww, ₹0 in the first year, then ₹250 plus GST a year at IIFL Capital.
- Equity delivery brokerage: ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Groww, 0.25% at IIFL Capital.
- DP charge on selling shares: ₹3.50 depository at Groww, ₹25 plus GST per scrip at IIFL Capital.
- SME IPOs: Yes, SME IPOs can be applied for on Groww at Groww, not stated at IIFL Capital.
The same at both: account opening and Mainboard IPOs.
Groww vs IIFL Capital: charges side by side
Differs 5 of 7 charges differ between Groww and IIFL Capital. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Groww | IIFL Capital |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 | ₹0 in the first year, then ₹250 plus GST a year |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the Stocks tab of the app with a UPI mandate. The mandate request arrives within an hour or two | Yes |
| SME IPOs | Yes, SME IPOs can be applied for on Groww | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 | 0.25% |
| DP charge on selling shares | ₹3.50 depository (₹3.25 for women) plus ₹16.50 Groww per sell, plus GST; ₹0 when the debit value is under ₹100 | ₹25 plus GST per scrip |
| Registration | ||
| SEBI registration | INZ000301838 | INZ000164132 |
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 Groww and IIFL Capital pages.
Groww and IIFL Capital strengths and things worth checking
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.
IIFL Capital
Strengths
- Full-service support
- Lower AMC
Worth checking
- Percentage brokerage on delivery
0.25% with no cap: ₹37.50 on a ₹15,000 sale.
- DP charge
₹25 plus GST per sale.
- System square-off
₹100 per order.
Brokerage calculator: Groww vs IIFL Capital
| Charge | Groww | IIFL Capital |
|---|
Ours, with NSE rates. Change the trade to see what Groww and IIFL Capital would each charge.
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Every comparison with Groww or IIFL Capital, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Groww or IIFL Capital?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹41.30 in broker charges at Groww and ₹73.75 at IIFL Capital (our calculation). For two SME lots worth ₹2,50,000: Groww ₹47.20, IIFL Capital ₹767.00 (our calculation, brokerage and DP charge with GST).
How much would the difference between Groww and IIFL Capital be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Groww costs ₹389.40 less in broker charges (our calculation). Add the yearly AMC: Groww: ₹0; IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year.
Can I apply for SME IPOs on Groww and IIFL Capital?
Groww lets you apply for SME IPOs; IIFL Capital does not say so on the pages we checked.
What is the demat AMC at Groww and IIFL Capital?
Groww: ₹0. IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year.
What brokerage do Groww and IIFL Capital charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹17.70 at Groww and ₹44.25 at IIFL Capital (our calculation from their published rates).