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
UpstoxSEBI INZ000315837
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹300/yr + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- ₹47.20Brokerage and DP with GST, ours
Where SAMCO and Upstox differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | SAMCO | Upstox |
|---|---|---|
| One mainboard lot, ₹15,000Same at both | ₹47.20 | ₹47.20 |
| Two SME lots, ₹2,50,000Same at both | ₹47.20 | ₹47.20 |
| A year: 12 mainboard lots soldSame at both | ₹566.40 | ₹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 ₹400 plus taxes a year for individuals at SAMCO, ₹0 in the first year for new customers, then ₹300 plus GST a year at Upstox.
- Equity delivery brokerage: ₹20 per executed order or 2.5%, whichever is lower at SAMCO, ₹20 per executed order at Upstox.
- DP charge on selling shares: ₹20 plus taxes within SAMCO at SAMCO, ₹20 plus GST per scrip per day at Upstox.
- SME IPOs: not stated at SAMCO, Yes, using the SME IPO filter in the IPO section. SME bids need a… at Upstox.
The same at both: account opening and Mainboard IPOs.
SAMCO vs Upstox: charges side by side
Differs 4 of 7 charges differ between SAMCO and Upstox. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | SAMCO | Upstox |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 in the first year, then ₹400 plus taxes a year for individuals | ₹0 in the first year for new customers, then ₹300 plus GST a year (BSDA accounts have separate terms) |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes, in the IPO section of the app with a UPI mandate |
| SME IPOs | Not stated on the pages we checked | Yes, using the SME IPO filter in the IPO section. SME bids need a price; cut-off is not allowed |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 per executed order or 2.5%, whichever is lower (the headline says 0.25% or ₹20) | ₹20 per executed order |
| DP charge on selling shares | ₹20 plus taxes within SAMCO; ₹25 or 0.02%, whichever is higher, plus taxes outside | ₹20 plus GST per scrip per day (₹3.50 CDSL and ₹16.50 Upstox; ₹3.25 and ₹16.75 for women) |
| Registration | ||
| SEBI registration | INZ000002535 | INZ000315837 |
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 SAMCO and Upstox pages.
SAMCO and Upstox strengths and things worth checking
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.
Upstox
Strengths
- Zero commission on IPOs
- ₹0 account opening
- SME IPOs in the app
Worth checking
- Flat ₹20 on delivery
Even a small sale of IPO shares costs ₹20 brokerage plus a ₹20 plus GST DP charge.
- Dealer orders cost more
Call and trade and auto square-off cost ₹75 plus GST each.
- AMC after the first year
₹300 plus GST a year.
Brokerage calculator: SAMCO vs Upstox
| Charge | SAMCO | Upstox |
|---|
Ours, with NSE rates. Change the trade to see what SAMCO and Upstox would each charge.
Other comparisons
Every comparison with SAMCO or Upstox, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, SAMCO or Upstox?
Selling one mainboard lot of IPO shares (₹15,000) costs the same ₹47.20 in broker charges at both. For two SME lots worth ₹2,50,000: SAMCO ₹47.20, Upstox ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between SAMCO and Upstox be over a year?
Nothing on selling: 12 mainboard lots of ₹15,000 cost ₹566.40 at both (our calculation). Compare the yearly AMC as well.
Can I apply for SME IPOs on SAMCO and Upstox?
Upstox lets you apply for SME IPOs; SAMCO does not say so on the pages we checked.
What is the demat AMC at SAMCO and Upstox?
SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals. Upstox: ₹0 in the first year for new customers, then ₹300 plus GST a year.
What brokerage do SAMCO and Upstox 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 SAMCO and ₹23.60 at Upstox (our calculation from their published rates).