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
StoxkartSEBI INZ000196835
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where Groww and Stoxkart differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Groww | Stoxkart |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹5.90 less at Groww; a DP charge is not published | ₹41.30 | ₹23.60 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Same brokerage at both; a DP charge is not published | ₹47.20 | ₹23.60 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹70.80 less at Groww; a DP charge is not published | ₹495.60 | ₹283.20 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, not stated at Stoxkart.
- Equity delivery brokerage: ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Groww, ₹20 per executed order at Stoxkart.
- DP charge on selling shares: ₹3.50 depository at Groww, not stated at Stoxkart.
- Mainboard IPOs: Yes, in the Stocks tab of the app with a UPI mandate. The mandate… at Groww, not stated at Stoxkart.
- SME IPOs: Yes, SME IPOs can be applied for on Groww at Groww, not stated at Stoxkart.
The same at both: account opening.
Groww vs Stoxkart: charges side by side
Differs 6 of 7 charges differ between Groww and Stoxkart. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Groww | Stoxkart |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| 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 | ₹20 per executed order |
| 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 | INZ000196835 |
For other trading, equity intraday and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the Groww and Stoxkart pages.
Groww and Stoxkart 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.
Stoxkart
Strengths
- Flat ₹20
Worth checking
- AMC, DP and IPO details not on the pricing page
Check them before you open an account.
Brokerage calculator: Groww vs Stoxkart
| Charge | Groww | Stoxkart |
|---|
Ours, with NSE rates. Change the trade to see what Groww and Stoxkart would each charge.
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Every comparison with Groww or Stoxkart, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Groww or Stoxkart?
Stoxkart 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 ₹5.90 less at Groww (our calculation). For two SME lots worth ₹2,50,000: Groww ₹47.20, Stoxkart ₹23.60 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between Groww and Stoxkart be over a year?
Not in full, because Stoxkart does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹70.80 less at Groww (our calculation).
Can I apply for SME IPOs on Groww and Stoxkart?
Groww lets you apply for SME IPOs; Stoxkart does not say so on the pages we checked.
What is the demat AMC at Groww and Stoxkart?
Groww: ₹0. Stoxkart: not stated.
What brokerage do Groww and Stoxkart 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 Stoxkart (our calculation from their published rates).