IIFL CapitalSEBI INZ000164132
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹250/yr + GST
- SME IPOs
- Not stated
- Delivery brokerage
- 0.25%
- Cost to sell ₹15,000 of IPO shares
- ₹73.75Brokerage 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 IIFL Capital and SAMCO differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | IIFL Capital | SAMCO |
|---|---|---|
| One mainboard lot, ₹15,000₹26.55 less at SAMCO | ₹73.75 | ₹47.20 |
| Two SME lots, ₹2,50,000₹719.80 less at SAMCO | ₹767.00 | ₹47.20 |
| A year: 12 mainboard lots sold₹318.60 less at SAMCO | ₹885.00 | ₹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 in the first year, then ₹250 plus GST a year at IIFL Capital, ₹0 in the first year, then ₹400 plus taxes a year for individuals at SAMCO.
- Equity delivery brokerage: 0.25% at IIFL Capital, ₹20 per executed order or 2.5%, whichever is lower at SAMCO.
- DP charge on selling shares: ₹25 plus GST per scrip at IIFL Capital, ₹20 plus taxes within SAMCO at SAMCO.
The same at both: account opening, Mainboard IPOs and SME IPOs.
IIFL Capital vs SAMCO: charges side by side
Differs 4 of 7 charges differ between IIFL Capital and SAMCO. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | IIFL Capital | SAMCO |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 in the first year, then ₹250 plus GST a year | ₹0 in the first year, then ₹400 plus taxes a year for individuals |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes |
| SME IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | 0.25% | ₹20 per executed order or 2.5%, whichever is lower (the headline says 0.25% or ₹20) |
| DP charge on selling shares | ₹25 plus GST per scrip | ₹20 plus taxes within SAMCO; ₹25 or 0.02%, whichever is higher, plus taxes outside |
| Registration | ||
| SEBI registration | INZ000164132 | INZ000002535 |
For other trading, equity intraday and Futures differ too. Intraday, futures, call and trade and margin charges are on the IIFL Capital and SAMCO pages.
IIFL Capital and SAMCO strengths and things worth checking
IIFL Capital
Strengths
- Full-service support
- Lower AMC
Worth checking
- Percentage brokerage on delivery
0.25% with no cap: ₹37.50 on a ₹15,000 sale.
- DP charge
₹25 plus GST per sale.
- System square-off
₹100 per order.
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: IIFL Capital vs SAMCO
| Charge | IIFL Capital | SAMCO |
|---|
Ours, with NSE rates. Change the trade to see what IIFL Capital and SAMCO would each charge.
Other comparisons
Every comparison with IIFL Capital or SAMCO, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, IIFL Capital or SAMCO?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹47.20 in broker charges at SAMCO and ₹73.75 at IIFL Capital (our calculation). For two SME lots worth ₹2,50,000: IIFL Capital ₹767.00, SAMCO ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between IIFL Capital and SAMCO be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, SAMCO costs ₹318.60 less in broker charges (our calculation). Add the yearly AMC: IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year; SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals.
Can I apply for SME IPOs on IIFL Capital and SAMCO?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at IIFL Capital and SAMCO?
IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year. SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals.
What brokerage do IIFL Capital 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 ₹44.25 at IIFL Capital and ₹23.60 at SAMCO (our calculation from their published rates).