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
ProStocksSEBI INZ000048660
- Account opening
- ₹0
- Demat AMC
- ₹0 (₹1,000 deposit)
- SME IPOs
- Not stated
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹23.60Brokerage and DP with GST, ours
Where Groww and ProStocks differ
7 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Groww | ProStocks |
|---|---|---|
| One mainboard lot, ₹15,000₹17.70 less at ProStocks | ₹41.30 | ₹23.60 |
| Two SME lots, ₹2,50,000₹23.60 less at ProStocks | ₹47.20 | ₹23.60 |
| A year: 12 mainboard lots sold₹212.40 less at ProStocks | ₹495.60 | ₹283.20 |
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.
- Account opening: ₹0 at Groww, No fee listed at ProStocks.
- Demat maintenance (AMC): ₹0 at Groww, None at ProStocks.
- Equity delivery brokerage: ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Groww, ₹0 at ProStocks.
- DP charge on selling shares: ₹3.50 depository at Groww, ₹20 per scrip plus 18% GST at ProStocks.
- Mainboard IPOs: Yes, in the Stocks tab of the app with a UPI mandate. The mandate… at Groww, not stated at ProStocks.
- SME IPOs: Yes, SME IPOs can be applied for on Groww at Groww, not stated at ProStocks.
Groww vs ProStocks: charges side by side
Differs 7 of 7 charges differ between Groww and ProStocks. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Groww | ProStocks |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | No fee listed (online application) |
| Demat maintenance (AMC) | ₹0 | None; ₹1,000 refundable demat deposit |
| 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 | ₹0 (flat fee plan) |
| 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 | ₹20 per scrip plus 18% GST |
| Registration | ||
| SEBI registration | INZ000301838 | INZ000048660 |
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 ProStocks pages.
Groww and ProStocks 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.
ProStocks
Strengths
- ₹0 delivery brokerage
- No AMC
- Cheap dealer orders
Worth checking
- Refundable deposit
₹1,000 demat deposit.
- IPO access not stated
The pricing page does not mention IPO applications.
Brokerage calculator: Groww vs ProStocks
| Charge | Groww | ProStocks |
|---|
Ours, with NSE rates. Change the trade to see what Groww and ProStocks would each charge.
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Every comparison with Groww or ProStocks, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Groww or ProStocks?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹23.60 in broker charges at ProStocks and ₹41.30 at Groww (our calculation). For two SME lots worth ₹2,50,000: Groww ₹47.20, ProStocks ₹23.60 (our calculation, brokerage and DP charge with GST).
How much would the difference between Groww and ProStocks be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, ProStocks costs ₹212.40 less in broker charges (our calculation). Add the yearly AMC: Groww: ₹0; ProStocks: None.
Can I apply for SME IPOs on Groww and ProStocks?
Groww lets you apply for SME IPOs; ProStocks does not say so on the pages we checked.
Is account opening free at Groww and ProStocks?
Groww: ₹0. ProStocks: No fee listed.
What is the demat AMC at Groww and ProStocks?
Groww: ₹0. ProStocks: None.