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SAMCO Vs Groww: Which one is better?

Both the brokers are registered with SEBI. SAMCO offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of SAMCO Max Rs 20 per trade while the brokerage of Groww Max Rs 20 per trade. Both the brokers are Discount Brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for Groww is 51,65,760 where number of active customer for SAMCO is 71,113. Groww is serving more customer compare to SAMCO.

Here we present side-by-side comparison of SAMCO vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared SAMCO vs Groww's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of SAMCO vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared SAMCO vs Groww's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare SAMCO vs Groww on Service

  SAMCO Compare
SAMCO
Groww Compare
Groww
Overall Rating Rated 4 stars Rated 4 stars
Brokerage Charges Rated 4 stars Rated 4.5 stars
Trading Platform Rated 4 stars Rated 4 stars
Investments Offering Rated 3.5 stars Rated 4 stars
Customer Service Rated 4 stars Rated 4 stars
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 71,113 51,65,760
Broker Overview Rs. 20/order ultra-low brokerage, free Giga engine powered StockNote App & Web trading platform and unique leverage products make SAMCO one of the best discount brokers for traders. Also, get stock and mutual fund research on StockBasket and Rank... Know more about SAMCO Groww is the top broker for beginners with a crystal clear user interface-enabled safe & secure Groww App & a web-based platform to invest in direct mutual funds for free and trade-in equity & derivatives segment at Rs. 20/order flat brok...Know more about Groww
Broker Enquiry Request call back from SAMCO Request call back from Zerodha
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Account Opening Charges and AMC

Compare SAMCO vs Groww on Trading & Demat Account Opening Charges

Comparison of SAMCO with Groww on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Groww offer Free AMC for Demat account where SAMCO charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare SAMCO with Groww
Charges SAMCO Groww
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare SAMCO vs Groww on Plan Options

Plans are the most important feature you look when compare SAMCO with Groww. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare SAMCO with Groww on Plan Options
Plan Types SAMCO Groww
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  SAMCO Zerodha
Account Opening Request
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Brokerage Charges

Compare SAMCO vs Groww on Brokerage Charges

SAMCO Brokerage Plan detail - Trade in any segment in just Rs 20 per executable order, No size restriction,No Hidden charges.

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

Brokerage Charges - Compare SAMCO with Groww
Brokerage Charges Compare SAMCO Groww
Plan Name Max Rs 20 Per Order Trading Plan Flat Brokerage Plan
Equity Delivery 0.2% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Intraday 0.02% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures 0.02% or Rs 20 whichever is lower Flat Fee Rs 20
Equity Options Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.02% or Rs 20 whichever is lower Not Available
Currency Options Flat Fee Rs 20 Not Available
Commodity Trading Flat Fee Rs 20 Not Available
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Rs 20 per Executed order, with First 20 C&T are free Rs 50 Per Executable Order
Auto Square off Charges Rs 20 per Executed order, with First 20 C&T are free Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for SAMCO Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare SAMCO vs Groww on Transaction Charges

Compare SAMCO with Groww on transaction charges and PCM fee by segment.

Transaction Charges - Compare SAMCO with Groww
Transaction Charges Compare SAMCO Groww
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 210 Per Cr Rs 210 Per Cr
Equity Options Rs 5300 Per Cr Rs 5500 Per Cr
Currency Futures Rs 135 Per Cr NA
Currency Options Rs 4400 Per Cr NA
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for samco Complete Brokerage Plans for groww
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Account Features

Compare SAMCO vs Groww on Account Features

Compare SAMCO with Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - SAMCO offers Algo Trading where Groww doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - SAMCO offers NRI where Groww doesn't offers NRI Trading.

Account Features - SAMCO with Groww
Account Features Compare SAMCO Groww
3 in 1 Account No SAMCO have 2-in-1 account. Only Demate and Trading account. No SAMCO have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes No
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio No Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:10 PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare SAMCO vs Groww on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w SAMCO and Groww. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare SAMCO with Groww
Trading Platform Compare SAMCO Groww
Desktop Trading Platform SAMCO Trader
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.samco.in/Samruddi/Login/indexauth.jsp Yes
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App StockNote Yes
Mobile Trading App Demo StockNote Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod StockNote Download Andriod Yes Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS StockNote Download iOS Yes Download
Android Tablet App Yes Yes
iPad App (IOS) No Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for SAMCO Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for SAMCO Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for SAMCO Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for samco Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare SAMCO vs Groww on User Rating

  SAMCO Groww
  31 Customer Reviews    Rate SAMCO 6 Customer Reviews    Rate Groww
Fees Ratings 3.7 4.3
Trading Brokerage Rating 4.7 4.0
Trading Platform Usability 4.1 4.3
Customer Service Ratings 4.1 3.5
Overall Ratings Rated 4.2 stars Rated 4.5 stars
Broker Rating SAMCO is Rated 4.2 / 5 based on 31 customer reviews Groww is Rated 4.5 / 5 based on 6 customer reviews
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Investment Offerings

Compare SAMCO vs Groww on Investment Offerings

Compare SAMCO with Groww on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - SAMCO offers trading options in Commodity (MCX) where Groww doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare SAMCO with Groww
Investment Offerings Compare SAMCO Groww
Equity Cash and F&O Yes Yes
Currency Deravitives Yes No
Commodity Yes No
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD No No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment No Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare SAMCO vs Groww on Order Types

Order Type - Compare SAMCO with Groww on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - SAMCO provide Cover Orders (CO) where Groww doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - SAMCO provide Bracket Orders (BO) where Groww doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- SAMCO offers After Market Orders where Groww doesn't offers AMO. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare SAMCO with Groww
Order Type Compare SAMCO Groww
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes No
GTC-Good Till Cancelled No No
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Customer Service Offered

Compare SAMCO vs Groww on Customer Service

Compare SAMCO with Groww on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare SAMCO with Groww
Customer Service Compare SAMCO Groww
24/7 Customer Service SAMCO vs Groww - 24x7 customer support No No
Email Support SAMCO vs Groww - Email Support Yes Yes
Onine Live Chat SAMCO vs Groww - Onine Live Chat No Yes
Phone Support SAMCO vs Groww - Phone Support Yes Yes
Toll Free Number SAMCO vs Groww - Toll Free Number Yes No
Through Branches SAMCO vs Groww - Through Branches No No
Customer Care Number SAMCO vs Groww - Customer Care Number 022-2222-7777/022-4503-0450 9108800604
Account Opening Process SAMCO vs Groww - Account Opening Process Online/Paperless Online
Customer Support Email SAMCO vs Groww - Customer Support Email [email protected] [email protected]
Knowledge Center/Education SAMCO vs Groww - Knowledge Center/Education https://www.samco.in/knowledge-center/ https://groww.in/academy
Head Office Address SAMCO vs Groww - Head Office Address/Corporate Address SAMCO Securities Limited
1004 - A, 10th Floor, Naman Midtown - A Wing,
Senapati Bapat Marg, Elphinstone Road,
Mumbai - 400 013, Maharashtra,
India.
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website SAMCO vs Groww - Company Website https://www.samco.in/ https://groww.in/
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Tips/Research/Reports Published

Compare SAMCO vs Groww on Research Reports, Tips

Compare SAMCO with Groww on research reports and tips provided by the broker.

Research Reports - Compare SAMCO with Groww
  SAMCO Groww
Research Mutual Funds SAMCO vs Groww - Research Mutual Funds No No
Research Equity Reports SAMCO vs Groww - Research Equity Reports No No
Research ETF SAMCO vs Groww - Research ETF No No
Daily Market Report SAMCO vs Groww - Daily Market Report No No
Free Tips SAMCO vs Groww - Free Tips No No
Quarterly Result Analysis SAMCO vs Groww - Quarterly Results No No
News Alerts SAMCO vs Groww - No No
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Demat Account

Compare SAMCO vs Groww on Demat Account

Compare SAMCO with Groww on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Groww is Zero where for SAMCO is ₹400 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for SAMCO is ₹10 where for Groww is ₹8 + ₹5.50 CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare SAMCO with Groww
  SAMCO Groww
DP Source CDSL CDSL
DP ID SAMCO vs Groww - DP ID 54200 No
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Zero
Advance Deposit NIL Nil
Statutory charges Stamp Charges Legal Charges
Transaction Charges on Debit (Per ISIN) ₹10 ₹8 + ₹5.50 CDSL charges
Demat ₹10 per certificate + ₹50 courier charges ₹150 per certificate + courier charges
Remat CDSL charges + ₹50 courier charges ₹150 per certificate + courier charges
Pledge Creation ₹25 per transaction ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure ₹25 per transaction ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation ₹25 per transaction ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges Nil ₹50
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare SAMCO vs Groww on Special Offers and Promotion

Compare SAMCO with Groww on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare SAMCO vs Groww on Special Offers and Promotion
  SAMCO Groww
Pay In and Pay Out Options SAMCO vs Groww - Pay In and Pay Out Options pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking/Payment Gateway from SAMCO trader or Back Office
Pay-out/Fund Withdrawal - Bank Transfer only
pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time SAMCO vs Groww - Payout Time Max 24 hrs except bank holidays Max 24 hrs except bank holidays
Bank Supported and Charges SAMCO vs Groww - Bank Supported and Charges Around 24 banks allow instant credit facility(Payment Gateway) with charges of Rs 6 from Samco trading platform (StockNote/SAMCO Star). Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail Samco Securities Limited,
Account Number: ZSAMCODDXXXX
Bank and Branch: Indusind Bank, Fort Branch, Mumbai
Account Type: Current Account
IFSC Code: INDB0000033
Info Not Available
Likes
  • Trade and invest with SAMCO at flat Rs. 20/order brokerage.
  • Giga trading engine powered next-gen mobile app and trading tools.
  • Zero brokerage mutual fund investment.
  • Get upto 4x leverage/margin in the equity cash segment.
  • Get margin against your holdings on StockPlus.
  • SAMCO offers BTPT (Buy Today, Pay Tomorrow) facility.
  • Equity SIP: Set up a stock SIP on the Stock Note App.
  • Place advanced orders like bracket order, cover order, and after market order.
  • Place a GTT order on Stock Note app with lifetime validity.
  • Get 100% brokerage cashback for the 1st
  • Free stock market learning course for beginners.
  • Very low payment gateway charges of just Rs. 6 + GST.
  • Zero hidden charges.

Detail Review...

Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;

  • Pay Rs. 20 flat brokerage charges.
  • Zero account opening fees on Groww Trading & Demat Account.
  • Zero Demat account maintenance charges.
  • Free direct mutual fund investment at nil brokerage and get an extra upto 1.5% return.
  • Easy-to-use, safe, and reliable Groww App and Web platform.
  • Apply for IPO online via UPI.
  • Invest in digital gold, US stocks, US ETFs, and FDs.
  • Get the latest trending news and updates on the Groww Digest.
  • Groww Academy is a 100% free learning platform for beginners.
  • Zero fixed charges.
  • Zero hidden charges.

Detail Review...

Dislikes
  • SAMCO does not provide direct mutual funds.
  • You cannot open a 3-in-1 account with SAMCO.
  • NRI cannot open SAMCO NRI Demat & Trading Account.
  • Delivery trading in SAMCO is not free.
  • No monthly trading plans.
  • High Demat maintenance charges of Rs. 400 per year.

Detail Review...

Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;

  • Groww does not offer commodity and currency trading.
  • Groww does not provide research, trading tips, and recommendations.
  • NRIs cannot open Groww account.
  • Advanced orders like Bracket order, Cover order, GTT, and AMO order is unavailable.
  • Delivery trading is not free.
  • No call & trade facility.
  • No margin trading.

Detail Review...

Special Offers/Promo
Enquiry Open SAMCO Account Now>> Open Zerodha Account Now>>

Last Updated on 2022-07-02T01:52:04+00:00