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SAMCO Vs Groww (Compare SAMCO and Groww)

SAMCO Securities Limited Logo

SAMCO
SAMCO Securities is a Mumbai-based online discount broking firm offering to trade and invest online in stocks, Equity Derivatives, Currency Derivatives, Commodity, Mutual Funds, and IPO. Incorporated in 2015, SAMCO is known for its ultra-low brokerage, unique margin products, and free trading software. SAMCO is also popular for offering StockBasket, a tool to invest in an expert-selected basket of stocks selected based on 25+ stock rating parameters. The customers who move from traditional brok... Know more about SAMCO Securities Limited

Nextbillion Technology pvt ltd Logo

About Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... Know more about Nextbillion Technology pvt ltd

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SAMCO Vs Groww

Incorporated in , SAMCO is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  SAMCO Groww
Type of Broker Discount Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX NSE and BSE
Year of Incorporation 2016
Number of Branches 0
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SAMCO Vs Groww Charges & AMC

SAMCO trading account opening charges is Rs 0 (Free) while Groww account opening changes is Rs 0. SAMCO Demat Account AMC Charges is Rs 400 and Groww Demat Account AMC Charges is Rs 0.

  SAMCO Groww
Trading Account Opening Charges Rs 0 (Free) Rs 0
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 400 Rs 0

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SAMCO Vs Groww Brokerage

SAMCO brokerage charges for equity is Rs 20 per trade or 0.20% (whichever is lower) and intraday is Rs 20 per trade or 0.02% (whichever is lower) whereas Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account Type SAMCO Standard Groww Standard Plan
Fixed Charges NA NA
Equity Delivery Rs 20 per trade or 0.20% (whichever is lower) Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 20 per trade or 0.02% (whichever is lower) Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 20 per trade or 0.02% (whichever is lower) Rs 20 per executed order
Equity Options Rs 20 per trade or 0.02% (whichever is lower) Rs 20 per executed order
Currency Futures Rs 20 per trade or 0.02% (whichever is lower) NA
Currency Options Rs 20 per trade or 0.02% (whichever is lower) NA
Commodity Futures Rs 20 per trade or 0.02% (whichever is lower) NA
Commodity Options Rs 20 per trade or 0.02% (whichever is lower) NA
Special Offer
Special Offer: Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Open Instant Account online with SAMCO and start trading today.

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

SAMCO Charges Vs Groww

Minimum Brokerage 0.2% per executed order for Equity Delivery and 0.02% per executed order for all other segments Rs 20 or 0.05% per executed order
Other Charges Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges Rs 20 per executed order NA

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SAMCO Vs Groww Transaction Charges

SAMCO transaction charges for options is NSE Rs 5,300 per crore (0.053%) on Premium | BSE Rs 1 per trade while Groww exchange transaction charges for options is NSE: 0.053% on premium.

  SAMCO Groww
Equity Delivery NSE Rs 345 per crore (0.00345%) | BSE Rs 345 per crore (0.00345%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 345 per crore (0.00345%) | BSE Rs 345 per crore (0.00345%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 200 per crore (0.0020%) | BSE Rs 1 per trade NSE: 002%
Equity Options NSE Rs 5,300 per crore (0.053%) on Premium | BSE Rs 1 per trade NSE: 0.053% on premium
Currency Futures NSE - Rs 110 per crore (0.0011%) NA
Currency Options NSE Rs 4,000 per crore (0.040%) on Premium Value NA
Commodity Non-Agri Rs 260 (0.0026%) | Agri Rs 175 per Crore NA
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SAMCO Vs Groww Leverage (Margin)

SAMCO margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Groww margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  SAMCO Groww
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare SAMCO and Groww Features

The trading platforms offered SAMCO include StockNote, Nest Trader, StockNote Trade API, Kya Trade, RankMF, StockBasket, Samco Star. Groww offers Groww trading software.

  SAMCO Groww
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) Yes No
Trading Platform StockNote, Nest Trader, StockNote Trade API, Kya Trade, RankMF, StockBasket, Samco Star Groww
Intraday Square-off Time 3:15 PM 3:10 PM
Trading In SME Shares Allowed? No
Referral Program Yes
Other Features Margin Products - CashPlus, StockPlus, and BTPT
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SAMCO Vs Groww Review

SAMCO is rated 3.3 of 5 based on 24 customer reviews whereas Groww is rated 4.0 of 5 based on 66 customer reviews.

  SAMCO Groww
  24 Customer Reviews    Rate SAMCO 66 Customer Reviews    Rate Groww
Fees 3.4 4.3
Brokerage 3.9 4.0
Trading Platform 2.8 4.0
Customer Service 3.2 3.7
Research Capabilities 2.5 3.2
Overall Ratings Rated 3.3 stars Rated 4.0 stars
Broker Rating SAMCO is rated 3.3 of 5 based on 24 customer reviews Groww is rated 4.0 of 5 based on 66 customer reviews

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Contact Broker / Request A Call Back

  SAMCO Enquire Groww Enquire
Contact Broker Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Open Instant Account online with SAMCO and start trading today. Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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SAMCO Vs Groww Investment Options

  SAMCO Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD No
Debt No Yes
Other Investment Options Digital Gold, US Stocks, Fixed Deposits

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SAMCO Vs Groww Order Type Offered

  SAMCO Groww
Bracket Order Yes No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) No
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SAMCO Vs Groww Research Report

  SAMCO Groww
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No

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SAMCO Vs Groww Suitable For Investor Type

  SAMCO Groww
Casual Investor Yes
Active Investor
Trader Yes

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SAMCO Vs Groww - Pros and Cons

  SAMCO Groww
Pros
  • A technology-driven stockbroker with significantly fewer overheads.
  • Flat Rs 20 per trade low-cost trading across segments.
  • Instant paperless online account opening process.
  • Margin products available for delivery margin and margin against shares.
  • StockNote, a mobile trading app with personalized news, managed alerts, advanced charts, and watch list with any number of shares.
  • Guest user for mobile app StockNote which allows you to check the app even before you becomes a customer.
  • Advance order types i.e. bracket order and cover order with up to 33 times leverage
  • Free 'NEST Trader' install-able trading terminal for frequent traders.
  • Simple pricing model with low-cost trading charges.
  • Free Mutual Fund investments with no hidden charges.
  • Zero Account opening fee.
  • Zero Maintenance Charges.
  • Direct MF platform that helps you earn an extra 1.5% returns.
  • E-books, Resources, and Blogs that provide the basics and updates on the stock market to help investors make an informed decision.
  • Instant paperless account opening.
  • Online IPO application.
  • Inhouse Brokerage Calculator
  • Option to invest online in digital gold and US Stocks. Other products (Derivatives, FD) in the pipeline. 
Cons
  • No branch offices.
  • Mutual Fund investment is now available.
  • Online IPO applications are not available.
  • Additional charges for broker assisted traders (Call & Trade).
  • Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment.
  • Doesn't offer trading in SME shares.
  • No Call and Trade services.
  • Branch support not available.
  • Do not provide stock tips, research reports, or recommendations.
  • No Margin trading facility.
  • No Margin against shares.
  • Advanced order types like BO, CO, AMO, and GTT not available.
  • Trailling stop loss orders are not available in Groww app.
  • Do not offer NRI Trading.
Reviews

Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository.

Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds.

The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors.

Promo / Offers

SAMCO Special Offer

Free Account Opening + 100% Brokerage Refund for 1st Month + 0 AMC 1st Year

  • Free Account Opening
  • 100% free brokerage for 1st month
  • Free Demat AMC for 1st Year
  • Pay flat Rs 20 for Equity Delivery, Intra-day and F&O Trades.

It is a limited-time offer. Open Instant Account online and start trading the same day.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

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