PhonePe Invest (Share.Market)SEBI INZ000302639
- Account opening
- Not stated
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 0.05%, lower
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage 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 PhonePe Invest (Share.Market) and SAMCO differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | PhonePe Invest (Share.Market) | SAMCO |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹14.75 less at PhonePe Invest (Share.Market); a DP charge is not published | ₹8.85 brokerage; DP charge not published | ₹47.20 |
| Two SME lots, ₹2,50,000Same brokerage at both; a DP charge is not published | ₹23.60 brokerage; DP charge not published | ₹47.20 |
| A year: 12 mainboard lots soldBrokerage ₹177.00 less at PhonePe Invest (Share.Market); a DP charge is not published | ₹106.20 brokerage; DP charge not published | ₹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.
- Account opening: not stated at PhonePe Invest (Share.Market), ₹0 at SAMCO.
- Demat maintenance (AMC): not stated at PhonePe Invest (Share.Market), ₹0 in the first year, then ₹400 plus taxes a year for individuals at SAMCO.
- Equity delivery brokerage: ₹20 or 0.05% per executed order, whichever is lower at PhonePe Invest (Share.Market), ₹20 per executed order or 2.5%, whichever is lower at SAMCO.
- DP charge on selling shares: not stated at PhonePe Invest (Share.Market), ₹20 plus taxes within SAMCO at SAMCO.
The same at both: mainboard IPOs and SME IPOs.
PhonePe Invest (Share.Market) vs SAMCO: charges side by side
Differs 5 of 7 charges differ between PhonePe Invest (Share.Market) and SAMCO. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | PhonePe Invest (Share.Market) | SAMCO |
|---|---|---|
| Open an account | ||
| Account opening | Not stated on the pages we checked | ₹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 | 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 | ₹20 or 0.05% per executed order, whichever is lower | ₹20 per executed order or 2.5%, whichever is lower (the headline says 0.25% or ₹20) |
| DP charge on selling shares | Not stated on the pages we checked | ₹20 plus taxes within SAMCO; ₹25 or 0.02%, whichever is higher, plus taxes outside |
| Registration | ||
| SEBI registration | INZ000302639 | INZ000002535 |
For other trading, equity intraday, Futures and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the PhonePe Invest (Share.Market) and SAMCO pages.
PhonePe Invest (Share.Market) and SAMCO strengths and things worth checking
PhonePe Invest (Share.Market)
Strengths
- Low cap on small orders
Worth checking
- Account and DP charges not on the tariff page
The tariff page we read lists no account opening, AMC or DP charge.
- Dealer orders
₹30 extra per order for call and trade or auto square-off.
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: PhonePe Invest (Share.Market) vs SAMCO
| Charge | PhonePe Invest (Share.Market) | SAMCO |
|---|
Ours, with NSE rates. Change the trade to see what PhonePe Invest (Share.Market) and SAMCO would each charge.
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Every comparison with PhonePe Invest (Share.Market) or SAMCO, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, PhonePe Invest (Share.Market) or SAMCO?
PhonePe Invest (Share.Market) 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 ₹14.75 less at PhonePe Invest (Share.Market) (our calculation). For two SME lots worth ₹2,50,000: PhonePe Invest (Share.Market) ₹23.60 brokerage; DP charge not published, SAMCO ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between PhonePe Invest (Share.Market) and SAMCO be over a year?
Not in full, because PhonePe Invest (Share.Market) does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹177.00 less at PhonePe Invest (Share.Market) (our calculation).
Can I apply for SME IPOs on PhonePe Invest (Share.Market) and SAMCO?
Neither says clearly on its pages that SME IPOs can be applied for.
Is account opening free at PhonePe Invest (Share.Market) and SAMCO?
PhonePe Invest (Share.Market): not stated. SAMCO: ₹0.
What is the demat AMC at PhonePe Invest (Share.Market) and SAMCO?
PhonePe Invest (Share.Market): not stated. SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals.