m.StockSEBI INZ000163138
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹10/order
- Cost to sell ₹15,000 of IPO shares
- ₹33.04Brokerage 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 m.Stock and SAMCO differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | m.Stock | SAMCO |
|---|---|---|
| One mainboard lot, ₹15,000₹14.16 less at m.Stock | ₹33.04 | ₹47.20 |
| Two SME lots, ₹2,50,000₹14.16 less at m.Stock | ₹33.04 | ₹47.20 |
| A year: 12 mainboard lots sold₹169.92 less at m.Stock | ₹396.48 | ₹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 m.Stock, ₹0 in the first year, then ₹400 plus taxes a year for individuals at SAMCO.
- Equity delivery brokerage: ₹10 per order at m.Stock, ₹20 per executed order or 2.5%, whichever is lower at SAMCO.
- DP charge on selling shares: ₹18 plus GST per debit transaction at m.Stock, ₹20 plus taxes within SAMCO at SAMCO.
The same at both: account opening, Mainboard IPOs and SME IPOs.
m.Stock vs SAMCO: charges side by side
Differs 4 of 7 charges differ between m.Stock and SAMCO. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | m.Stock | 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, with a two-click application | Yes |
| SME IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹10 per order | ₹20 per executed order or 2.5%, whichever is lower (the headline says 0.25% or ₹20) |
| DP charge on selling shares | ₹18 plus GST per debit transaction | ₹20 plus taxes within SAMCO; ₹25 or 0.02%, whichever is higher, plus taxes outside |
| Registration | ||
| SEBI registration | INZ000163138 | INZ000002535 |
For other trading, equity intraday, Futures, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the m.Stock and SAMCO pages.
m.Stock and SAMCO strengths and things worth checking
m.Stock
Strengths
- ₹10 per order
- ₹0 AMC
- Free call and trade
Worth checking
- System square-off is costly
₹100 plus GST per order if m.Stock squares off your intraday position.
- DP charge
₹18 plus GST per sale.
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: m.Stock vs SAMCO
| Charge | m.Stock | SAMCO |
|---|
Ours, with NSE rates. Change the trade to see what m.Stock and SAMCO would each charge.
Other comparisons
Every comparison with m.Stock or SAMCO, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, m.Stock or SAMCO?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹33.04 in broker charges at m.Stock and ₹47.20 at SAMCO (our calculation). For two SME lots worth ₹2,50,000: m.Stock ₹33.04, SAMCO ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between m.Stock and SAMCO be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, m.Stock costs ₹169.92 less in broker charges (our calculation). Add the yearly AMC: m.Stock: ₹0; SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals.
Can I apply for SME IPOs on m.Stock and SAMCO?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at m.Stock and SAMCO?
m.Stock: ₹0. SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals.
What brokerage do m.Stock 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 ₹11.80 at m.Stock and ₹23.60 at SAMCO (our calculation from their published rates).