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
SAMCOSEBI INZ000002535
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹400/yr + taxes
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 cap
- Cost to sell ₹15,000 of IPO shares
- ₹47.20Brokerage and DP with GST, ours
Where Groww and SAMCO differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Groww | SAMCO |
|---|---|---|
| One mainboard lot, ₹15,000₹5.90 less at Groww | ₹41.30 | ₹47.20 |
| Two SME lots, ₹2,50,000Same at both | ₹47.20 | ₹47.20 |
| A year: 12 mainboard lots sold₹70.80 less at Groww | ₹495.60 | ₹566.40 |
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 ₹400 plus taxes a year for individuals at SAMCO.
- Equity delivery brokerage: ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Groww, ₹20 per executed order or 2.5%, whichever is lower at SAMCO.
- DP charge on selling shares: ₹3.50 depository at Groww, ₹20 plus taxes within SAMCO at SAMCO.
- SME IPOs: Yes, SME IPOs can be applied for on Groww at Groww, not stated at SAMCO.
The same at both: account opening and Mainboard IPOs.
Groww vs SAMCO: charges side by side
Differs 5 of 7 charges differ between Groww and SAMCO. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Groww | SAMCO |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 | ₹0 in the first year, then ₹400 plus taxes a year for individuals |
| 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 | ₹20 per executed order or 2.5%, whichever is lower (the headline says 0.25% or ₹20) |
| 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 plus taxes within SAMCO; ₹25 or 0.02%, whichever is higher, plus taxes outside |
| Registration | ||
| SEBI registration | INZ000301838 | INZ000002535 |
For other trading, equity intraday, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the Groww and SAMCO pages.
Groww and SAMCO 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.
SAMCO
Strengths
- ₹20 cap
Worth checking
- Two delivery rates on one page
The headline says 0.25% or ₹20 and the table says 2.5% or ₹20. Both cap at ₹20.
- AMC after year one
₹400 plus taxes a year.
- Dealer orders
₹50 plus taxes per order.
Brokerage calculator: Groww vs SAMCO
| Charge | Groww | SAMCO |
|---|
Ours, with NSE rates. Change the trade to see what Groww and SAMCO would each charge.
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Every comparison with Groww or SAMCO, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Groww or SAMCO?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹41.30 in broker charges at Groww and ₹47.20 at SAMCO (our calculation). For two SME lots worth ₹2,50,000: Groww ₹47.20, SAMCO ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between Groww and SAMCO be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Groww costs ₹70.80 less in broker charges (our calculation). Add the yearly AMC: Groww: ₹0; SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals.
Can I apply for SME IPOs on Groww and SAMCO?
Groww lets you apply for SME IPOs; SAMCO does not say so on the pages we checked.
What is the demat AMC at Groww and SAMCO?
Groww: ₹0. SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals.
What brokerage do Groww and SAMCO 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 SAMCO (our calculation from their published rates).