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
SahiSEBI INZ000317632
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹10 or 0.05%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹24.78Brokerage and DP with GST, ours
Where Groww and Sahi differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Groww | Sahi |
|---|---|---|
| One mainboard lot, ₹15,000₹16.52 less at Sahi | ₹41.30 | ₹24.78 |
| Two SME lots, ₹2,50,000₹19.47 less at Sahi | ₹47.20 | ₹27.73 |
| A year: 12 mainboard lots sold₹198.24 less at Sahi | ₹495.60 | ₹297.36 |
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.
- Equity delivery brokerage: ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Groww, ₹10 or 0.05% per order, whichever is lower at Sahi.
- DP charge on selling shares: ₹3.50 depository at Groww, ₹13.50 per company at Sahi.
- SME IPOs: Yes, SME IPOs can be applied for on Groww at Groww, not stated at Sahi.
The same at both: account opening, Demat maintenance (AMC) and Mainboard IPOs.
Groww vs Sahi: charges side by side
Differs 4 of 7 charges differ between Groww and Sahi. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Groww | Sahi |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Free |
| Demat maintenance (AMC) | ₹0 | Free |
| 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, free |
| 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 | ₹10 or 0.05% per order, whichever is lower |
| 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 | ₹13.50 per company (GST not stated; we add 18% in our calculation) |
| Registration | ||
| SEBI registration | INZ000301838 | INZ000317632 |
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 Sahi pages.
Groww and Sahi 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.
Sahi
Strengths
- ₹10 cap
- ₹0 AMC and account opening
- IPOs free
Worth checking
- Newer broker
Registered with SEBI in 2024.
- DP charge
₹13.50 per sale.
Brokerage calculator: Groww vs Sahi
| Charge | Groww | Sahi |
|---|
Ours, with NSE rates. Change the trade to see what Groww and Sahi would each charge.
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Every comparison with Groww or Sahi, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Groww or Sahi?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹24.78 in broker charges at Sahi and ₹41.30 at Groww (our calculation). For two SME lots worth ₹2,50,000: Groww ₹47.20, Sahi ₹27.73 (our calculation, brokerage and DP charge with GST).
How much would the difference between Groww and Sahi be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Sahi costs ₹198.24 less in broker charges (our calculation). Add the yearly AMC: Groww: ₹0; Sahi: Free.
Can I apply for SME IPOs on Groww and Sahi?
Groww lets you apply for SME IPOs; Sahi does not say so on the pages we checked.
What brokerage do Groww and Sahi 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 ₹8.85 at Sahi (our calculation from their published rates).
What DP charge do Groww and Sahi take when I sell IPO shares?
For one sale of ₹15,000, with GST: ₹23.60 at Groww; ₹15.93 at Sahi (our calculation). It is charged on each sale from your demat account.