Alice BlueSEBI INZ000156038
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 2.5%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹41.30Brokerage and DP with GST, ours
Bajaj BrokingSEBI INZ000218931
- Account opening
- ₹0
- Demat AMC
- ₹0 (pack ₹431/yr from year 2)
- SME IPOs
- Yes
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- ₹64.90Brokerage and DP with GST, ours
Where Alice Blue and Bajaj Broking differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Alice Blue | Bajaj Broking |
|---|---|---|
| One mainboard lot, ₹15,000₹23.60 less at Alice Blue | ₹41.30 | ₹64.90 |
| Two SME lots, ₹2,50,000₹23.60 less at Alice Blue | ₹41.30 | ₹64.90 |
| A year: 12 mainboard lots sold₹283.20 less at Alice Blue | ₹495.60 | ₹778.80 |
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 for life on the current plan at Alice Blue, Nil, but the Freedom Pack subscription is ₹431 a year from the second… at Bajaj Broking.
- Equity delivery brokerage: ₹20 or 2.5 per executed order, whichever is lower, as shown on the… at Alice Blue, ₹20 per order at Bajaj Broking.
- DP charge on selling shares: ₹15 plus GST per scrip, on sales only at Alice Blue, ₹35 or 0.0002% of the value, whichever is higher, plus taxes at Bajaj Broking.
- SME IPOs: not stated at Alice Blue, Yes. SME IPOs are listed with an Apply Now option at Bajaj Broking.
The same at both: account opening and Mainboard IPOs.
Alice Blue vs Bajaj Broking: charges side by side
Differs 5 of 7 charges differ between Alice Blue and Bajaj Broking. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Alice Blue | Bajaj Broking |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Nil |
| Demat maintenance (AMC) | ₹0 for life on the current plan | Nil, but the Freedom Pack subscription is ₹431 a year from the second year (free in the first) |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, with ₹0 brokerage | Yes |
| SME IPOs | Not stated on the pages we checked | Yes. SME IPOs are listed with an Apply Now option |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 2.5 per executed order, whichever is lower, as shown on the pricing page | ₹20 per order (Professional Pack: ₹10, for ₹2,500 a year) |
| DP charge on selling shares | ₹15 plus GST per scrip, on sales only | ₹35 or 0.0002% of the value, whichever is higher, plus taxes |
| Registration | ||
| SEBI registration | INZ000156038 | INZ000218931 |
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 Alice Blue and Bajaj Broking pages.
Alice Blue and Bajaj Broking strengths and things worth checking
Alice Blue
Strengths
- ₹0 AMC for life
- IPO applications free
Worth checking
- Brokerage on delivery
Up to ₹20 per order.
- DP charge
₹15 plus GST per sale.
Bajaj Broking
Strengths
- Cheaper dealer orders
- No demat AMC
- SME IPOs
Worth checking
- Pack fee from year two
₹431 a year for the Freedom Pack.
- Higher DP charge
₹35 plus taxes per sale.
Brokerage calculator: Alice Blue vs Bajaj Broking
| Charge | Alice Blue | Bajaj Broking |
|---|
Ours, with NSE rates. Change the trade to see what Alice Blue and Bajaj Broking would each charge.
Other comparisons
Every comparison with Alice Blue or Bajaj Broking, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Alice Blue or Bajaj Broking?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹41.30 in broker charges at Alice Blue and ₹64.90 at Bajaj Broking (our calculation). For two SME lots worth ₹2,50,000: Alice Blue ₹41.30, Bajaj Broking ₹64.90 (our calculation, brokerage and DP charge with GST).
How much would the difference between Alice Blue and Bajaj Broking be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Alice Blue costs ₹283.20 less in broker charges (our calculation). Add the yearly AMC: Alice Blue: ₹0 for life on the current plan; Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second….
Can I apply for SME IPOs on Alice Blue and Bajaj Broking?
Bajaj Broking lets you apply for SME IPOs; Alice Blue does not say so on the pages we checked.
What is the demat AMC at Alice Blue and Bajaj Broking?
Alice Blue: ₹0 for life on the current plan. Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second….
What brokerage do Alice Blue and Bajaj Broking 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 Alice Blue and ₹23.60 at Bajaj Broking (our calculation from their published rates).