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
JainamSEBI INZ000198735
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 (DIY) or 0.4%
- Cost to sell ₹15,000 of IPO shares
- ₹44.84Brokerage and DP with GST, ours
Where Groww and Jainam differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Groww | Jainam |
|---|---|---|
| One mainboard lot, ₹15,000₹3.54 less at Groww | ₹41.30 | ₹44.84 |
| Two SME lots, ₹2,50,000₹2.36 less at Jainam | ₹47.20 | ₹44.84 |
| A year: 12 mainboard lots sold₹42.48 less at Groww | ₹495.60 | ₹538.08 |
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, not stated at Jainam.
- Equity delivery brokerage: ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Groww, DIY: ₹20 per order at Jainam.
- DP charge on selling shares: ₹3.50 depository at Groww, DIY: ₹18 per scrip at Jainam.
- Mainboard IPOs: Yes, in the Stocks tab of the app with a UPI mandate. The mandate… at Groww, not stated at Jainam.
- SME IPOs: Yes, SME IPOs can be applied for on Groww at Groww, not stated at Jainam.
The same at both: account opening.
Groww vs Jainam: charges side by side
Differs 6 of 7 charges differ between Groww and Jainam. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Groww | Jainam |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 online |
| Demat maintenance (AMC) | ₹0 | Not stated on the pages we checked |
| 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 | Not stated on the pages we checked |
| 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 | DIY: ₹20 per order; Premium: 0.4% |
| 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 | DIY: ₹18 per scrip; Premium: ₹25 per request plus GST |
| Registration | ||
| SEBI registration | INZ000301838 | INZ000198735 |
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 Jainam pages.
Groww and Jainam 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.
Jainam
Strengths
- Two plans
Worth checking
- Premium delivery is 0.4%
₹60 on a ₹15,000 sale on the Premium plan. Our calculator uses the DIY plan.
- DIY dealer orders cost ₹70
Plus ₹20 brokerage and GST.
Brokerage calculator: Groww vs Jainam
| Charge | Groww | Jainam |
|---|
Ours, with NSE rates. Change the trade to see what Groww and Jainam would each charge.
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Every comparison with Groww or Jainam, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Groww or Jainam?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹41.30 in broker charges at Groww and ₹44.84 at Jainam (our calculation). For two SME lots worth ₹2,50,000: Groww ₹47.20, Jainam ₹44.84 (our calculation, brokerage and DP charge with GST).
How much would the difference between Groww and Jainam be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Groww costs ₹42.48 less in broker charges (our calculation). Add the yearly AMC: Groww: ₹0; Jainam: not stated.
Can I apply for SME IPOs on Groww and Jainam?
Groww lets you apply for SME IPOs; Jainam does not say so on the pages we checked.
What is the demat AMC at Groww and Jainam?
Groww: ₹0. Jainam: not stated.
What brokerage do Groww and Jainam 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 ₹23.60 at Jainam (our calculation from their published rates).