SAMCO Vs Groww (Compare SAMCO and Groww)


SAMCO
SAMCO is India based online discount broker. It offers stock and commodity trading at NSE, BSE, and MCX. SAMCO's NBFC arm provide the margin funding, loan against shares and other financial products. It also offers depository services (demat account) through CDSL. Incorporated in 2015, SAMCO is among the lowest-cost broker in India. SAMCO is popular for its ultra-low brokerage, margin products, higher exposure and free trading software. Customer who moves from traditional brokers like ICICI Dir... Know more about SAMCO Securities Limited


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
Account Type Standard Standard Plan
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 Charges & Plans

SAMCO Vs Groww Brokerage

SAMCO brokerage charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order 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.

  SAMCO Groww
Account Type Standard Standard Plan
Fixed Charges NA NA
Equity Delivery Rs 20 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 20 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 20 per executed order NA
Equity Options Rs 20 per executed order NA
Currency Futures Rs 20 per executed order NA
Currency Options Rs 20 per executed order NA
Commodity Futures NA
Commodity Options NA
Special Offer
Special Offer: Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Get the offer

SAMCO Charges Vs Groww

Minimum Brokerage Rs 0 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 5000 per crore | BSE Rs 1 per trade (each side) while Groww exchange transaction charges for options is NA.

  SAMCO Groww
Equity Delivery NSE Rs 325 per crore | BSE Rs 1 per trade (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per crore | BSE Rs 1 per trade (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 190 per crore | BSE Rs 1 per trade (each side) NA
Equity Options NSE Rs 5000 per crore | BSE Rs 1 per trade (each side) NA
Currency Futures NSE Rs 110 per crore (0.0011%) NA
Currency Options NSE Rs 4000 (on premium) per crore (0.040%) NA
Commodity Non-Agri Rs 260 (0.0026%) | Agri Rs 175 per Crore NA
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SAMCO Vs Groww Leverage (Margin)

SAMCO provides the margin of Normal Orders: 3x to 15x | CO & BO: Up to 33x for intraday trades whereas the Groww margin for intraday cash is Up to 8x (based on the stock).

  SAMCO Groww
Equity Delivery Up to 4x 1x (no margin)
Equity Intraday Normal Orders: 3x to 15x | CO & BO: Up to 33x Up to 8x (based on the stock)
Equity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NA
Equity Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NA
Currency Futures Intraday - 50%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NA
Currency Options Intraday - 50%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NA
Commodity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span NA
Commodity Options NA
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Compare SAMCO and Groww Features

The trading platforms offered SAMCO include OMNESYS NEST, StockNote. Groww offers Groww trading software.

  SAMCO Groww
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) No
Trading Platform OMNESYS NEST, StockNote Groww
Intraday Square-off Time 3:15 PM 3:10 PM
Other Features Margin Products - CashPlus, StockPlus, and InstaPlus
Referral Program
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SAMCO Vs Groww Review

SAMCO is rated 3.4 of 5 based on 19 customer reviews whereas Groww is rated 3.7 of 5 based on 19 customer reviews.

  SAMCO Groww
  19 Customer Reviews    Rate SAMCO 19 Customer Reviews    Rate Groww
Fees 3.5 4.4
Brokerage 3.8 3.9
Trading Platform 2.8 3.7
Customer Service 3.4 3.4
Research Capabilities 2.9 2.2
Overall Ratings Rated 3.4 stars Rated 3.7 stars
Broker Rating SAMCO is rated 3.4 of 5 based on 19 customer reviews Groww is rated 3.7 of 5 based on 19 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. Get the offer

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SAMCO Vs Groww Investment Options

  SAMCO Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
IPO No Yes
Mutual Funds No 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 No
Cover Order No
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) 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.
  • 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 has 2 limited time special offers running at this time.

  1. Trading & Demat Account Opening Fee Waived

    Open trading and demat account at absolutely no cost. The account opening fee is waived for limited period of time.

  2. 100% Brokerage Cash Back for 1st Month

    Open an account with SAMCO, download mobile trading app StockNote and get 100% cashback on brokerage paid for trades done through mobile app in 1st month. This cashback offer works only for trade executed using mobile app.

Get the Special Offer

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