JainamSEBI INZ000198735
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 (DIY) or 0.4%
- Cost to sell ₹15,000 of IPO shares
- ₹44.84Brokerage 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 Jainam and SAMCO differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Jainam | SAMCO |
|---|---|---|
| One mainboard lot, ₹15,000₹2.36 less at Jainam | ₹44.84 | ₹47.20 |
| Two SME lots, ₹2,50,000₹2.36 less at Jainam | ₹44.84 | ₹47.20 |
| A year: 12 mainboard lots sold₹28.32 less at Jainam | ₹538.08 | ₹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): not stated at Jainam, ₹0 in the first year, then ₹400 plus taxes a year for individuals at SAMCO.
- Equity delivery brokerage: DIY: ₹20 per order at Jainam, ₹20 per executed order or 2.5%, whichever is lower at SAMCO.
- DP charge on selling shares: DIY: ₹18 per scrip at Jainam, ₹20 plus taxes within SAMCO at SAMCO.
- Mainboard IPOs: not stated at Jainam, Yes at SAMCO.
The same at both: account opening and SME IPOs.
Jainam vs SAMCO: charges side by side
Differs 5 of 7 charges differ between Jainam and SAMCO. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Jainam | SAMCO |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 online | ₹0 |
| Demat maintenance (AMC) | Not stated on the pages we checked | ₹0 in the first year, then ₹400 plus taxes a year for individuals |
| Apply for IPOs | ||
| Mainboard IPOs | Not stated on the pages we checked | Yes |
| SME IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | DIY: ₹20 per order; Premium: 0.4% | ₹20 per executed order or 2.5%, whichever is lower (the headline says 0.25% or ₹20) |
| DP charge on selling shares | DIY: ₹18 per scrip; Premium: ₹25 per request plus GST | ₹20 plus taxes within SAMCO; ₹25 or 0.02%, whichever is higher, plus taxes outside |
| Registration | ||
| SEBI registration | INZ000198735 | INZ000002535 |
For other trading, equity intraday, Futures and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the Jainam and SAMCO pages.
Jainam and SAMCO strengths and things worth checking
Jainam
Strengths
- Two plans
Worth checking
- Premium delivery is 0.4%
₹60 on a ₹15,000 sale on the Premium plan. Our calculator uses the DIY plan.
- DIY dealer orders cost ₹70
Plus ₹20 brokerage and GST.
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: Jainam vs SAMCO
| Charge | Jainam | SAMCO |
|---|
Ours, with NSE rates. Change the trade to see what Jainam and SAMCO would each charge.
Other comparisons
Every comparison with Jainam or SAMCO, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Jainam or SAMCO?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹44.84 in broker charges at Jainam and ₹47.20 at SAMCO (our calculation). For two SME lots worth ₹2,50,000: Jainam ₹44.84, SAMCO ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between Jainam and SAMCO be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Jainam costs ₹28.32 less in broker charges (our calculation). Add the yearly AMC: Jainam: not stated; SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals.
Can I apply for SME IPOs on Jainam and SAMCO?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Jainam and SAMCO?
Jainam: not stated. SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals.
What brokerage do Jainam 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 ₹23.60 at Jainam and ₹23.60 at SAMCO (our calculation from their published rates).