INDmoneySEBI INZ000305337
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- No
- Delivery brokerage
- ₹20 or 0.1%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹39.53Brokerage 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 INDmoney and SAMCO differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | INDmoney | SAMCO |
|---|---|---|
| One mainboard lot, ₹15,000₹7.67 less at INDmoney | ₹39.53 | ₹47.20 |
| Two SME lots, ₹2,50,000₹1.77 less at INDmoney | ₹45.43 | ₹47.20 |
| A year: 12 mainboard lots sold₹92.04 less at INDmoney | ₹474.36 | ₹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 INDmoney, ₹0 in the first year, then ₹400 plus taxes a year for individuals at SAMCO.
- Equity delivery brokerage: 0.1% or ₹20 per executed order, whichever is lower, minimum ₹2 at INDmoney, ₹20 per executed order or 2.5%, whichever is lower at SAMCO.
- DP charge on selling shares: ₹18.50 plus GST per ISIN at INDmoney, ₹20 plus taxes within SAMCO at SAMCO.
- SME IPOs: Not yet. INDmoney says it does not currently support SME IPOs at INDmoney, not stated at SAMCO.
The same at both: account opening and Mainboard IPOs.
INDmoney vs SAMCO: charges side by side
Differs 5 of 7 charges differ between INDmoney and SAMCO. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | INDmoney | 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 | Yes |
| SME IPOs | Not yet. INDmoney says it does not currently support SME IPOs | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | 0.1% or ₹20 per executed order, whichever is lower, minimum ₹2 | ₹20 per executed order or 2.5%, whichever is lower (the headline says 0.25% or ₹20) |
| DP charge on selling shares | ₹18.50 plus GST per ISIN (₹3.50 CDSL and ₹15 INDstocks; ₹3.25 and ₹15.25 for women) | ₹20 plus taxes within SAMCO; ₹25 or 0.02%, whichever is higher, plus taxes outside |
| Registration | ||
| SEBI registration | INZ000305337 | INZ000002535 |
For other trading, equity intraday and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the INDmoney and SAMCO pages.
INDmoney and SAMCO strengths and things worth checking
INDmoney
Strengths
- ₹0 AMC and account opening
- Low minimum brokerage
Worth checking
- Desk orders are expensive
₹500 per order through the trading desk.
- DP charge
₹18.50 plus GST per sale.
- No SME IPOs yet
INDmoney says SME IPO applications are not supported at the moment.
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: INDmoney vs SAMCO
| Charge | INDmoney | SAMCO |
|---|
Ours, with NSE rates. Change the trade to see what INDmoney and SAMCO would each charge.
Other comparisons
Every comparison with INDmoney or SAMCO, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, INDmoney or SAMCO?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹39.53 in broker charges at INDmoney and ₹47.20 at SAMCO (our calculation). For two SME lots worth ₹2,50,000: INDmoney ₹45.43, SAMCO ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between INDmoney and SAMCO be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, INDmoney costs ₹92.04 less in broker charges (our calculation). Add the yearly AMC: INDmoney: ₹0; SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals.
Can I apply for SME IPOs on INDmoney and SAMCO?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at INDmoney and SAMCO?
INDmoney: ₹0. SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals.
What brokerage do INDmoney 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 INDmoney and ₹23.60 at SAMCO (our calculation from their published rates).