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
Kotak Securities (Kotak Neo)SEBI INZ000200137
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Yes
- Delivery brokerage
- 0.20%
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where Groww and Kotak Securities (Kotak Neo) differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Groww | Kotak Securities (Kotak Neo) |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹17.70 less at Groww; a DP charge is not published | ₹41.30 | ₹35.40 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Brokerage ₹566.40 less at Groww; a DP charge is not published | ₹47.20 | ₹590.00 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹212.40 less at Groww; a DP charge is not published | ₹495.60 | ₹424.80 brokerage; DP charge not published |
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 for a basic services demat account at Kotak Securities (Kotak Neo).
- Equity delivery brokerage: ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Groww, 0.20% at Kotak Securities (Kotak Neo).
- DP charge on selling shares: ₹3.50 depository at Groww, not stated at Kotak Securities (Kotak Neo).
The same at both: account opening, Mainboard IPOs and SME IPOs.
Groww vs Kotak Securities (Kotak Neo): charges side by side
Differs 4 of 7 charges differ between Groww and Kotak Securities (Kotak Neo). Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Groww | Kotak Securities (Kotak Neo) |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 on the Trade Free plan (₹99 one time on Trade Free Youth, for under 30s) |
| Demat maintenance (AMC) | ₹0 | ₹0 for a basic services demat account (BSDA) with holdings up to ₹4 lakh; other AMC not stated on the pricing page |
| 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, on Kotak Neo with UPI |
| SME IPOs | Yes, SME IPOs can be applied for on Groww | Yes. Kotak Neo says SME IPOs can be applied for in its current IPO section with UPI |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 | 0.20% (Trade Free Pro: 0.10%; Trade Free Youth: ₹0) |
| 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 | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000301838 | INZ000200137 |
For other trading, equity intraday, Futures and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the Groww and Kotak Securities (Kotak Neo) pages.
Groww and Kotak Securities (Kotak Neo) 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.
Kotak Securities (Kotak Neo)
Strengths
- ₹10 intraday and F&O
- SME IPOs
- Lower MTF on Pro
Worth checking
- Delivery is a percentage
0.20% on the default plan with no cap stated: ₹30 on a ₹15,000 sale.
- DP charge and AMC not on the pricing page
Check them before you sell IPO shares.
Brokerage calculator: Groww vs Kotak Securities (Kotak Neo)
| Charge | Groww | Kotak Securities (Kotak Neo) |
|---|
Ours, with NSE rates. Change the trade to see what Groww and Kotak Securities (Kotak Neo) would each charge.
Other comparisons
- Angel One vs Groww
- Groww vs ICICI Direct
- Groww vs Upstox
- Groww vs Zerodha
- Groww vs PhonePe Invest (Share.Market)
- Groww vs Sahi
- Kotak Securities (Kotak Neo) vs m.Stock
- Kotak Securities (Kotak Neo) vs Sahi
Every comparison with Groww or Kotak Securities (Kotak Neo), or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Groww or Kotak Securities (Kotak Neo)?
Kotak Securities (Kotak Neo) 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 ₹17.70 less at Groww (our calculation). For two SME lots worth ₹2,50,000: Groww ₹47.20, Kotak Securities (Kotak Neo) ₹590.00 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between Groww and Kotak Securities (Kotak Neo) be over a year?
Not in full, because Kotak Securities (Kotak Neo) does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹212.40 less at Groww (our calculation).
Can I apply for SME IPOs on Groww and Kotak Securities (Kotak Neo)?
Both let you apply for SME IPOs.
What is the demat AMC at Groww and Kotak Securities (Kotak Neo)?
Groww: ₹0. Kotak Securities (Kotak Neo): ₹0 for a basic services demat account.
What brokerage do Groww and Kotak Securities (Kotak Neo) 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 ₹35.40 at Kotak Securities (Kotak Neo) (our calculation from their published rates).