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
DhanSEBI INZ000006031
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Yes
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹14.75Brokerage and DP with GST, ours
Where Alice Blue and Dhan differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Alice Blue | Dhan |
|---|---|---|
| One mainboard lot, ₹15,000₹26.55 less at Dhan | ₹41.30 | ₹14.75 |
| Two SME lots, ₹2,50,000₹26.55 less at Dhan | ₹41.30 | ₹14.75 |
| A year: 12 mainboard lots sold₹318.60 less at Dhan | ₹495.60 | ₹177.00 |
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.
- Equity delivery brokerage: ₹20 or 2.5 per executed order, whichever is lower, as shown on the… at Alice Blue, ₹0 at Dhan.
- DP charge on selling shares: ₹15 plus GST per scrip, on sales only at Alice Blue, ₹12.50 plus GST per instruction per ISIN at Dhan.
- SME IPOs: not stated at Alice Blue, Yes, SME IPOs can be applied for with mobile UPI at Dhan.
The same at both: account opening, Demat maintenance (AMC) and Mainboard IPOs.
Alice Blue vs Dhan: charges side by side
Differs 4 of 7 charges differ between Alice Blue and Dhan. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Alice Blue | Dhan |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 for individuals and HUFs |
| Demat maintenance (AMC) | ₹0 for life on the current plan | ₹0 for individuals and HUFs (₹800 plus GST for NRIs, companies, LLPs, firms and trusts) |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, with ₹0 brokerage | Yes, free, with UPI |
| SME IPOs | Not stated on the pages we checked | Yes, SME IPOs can be applied for with mobile UPI |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 2.5 per executed order, whichever is lower, as shown on the pricing page | ₹0 |
| DP charge on selling shares | ₹15 plus GST per scrip, on sales only | ₹12.50 plus GST per instruction per ISIN |
| Registration | ||
| SEBI registration | INZ000156038 | INZ000006031 |
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 Dhan pages.
Alice Blue and Dhan 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.
Dhan
Strengths
- ₹0 brokerage on delivery
- Low DP charge
- ₹0 AMC and account opening
Worth checking
- Dealer orders cost extra
Call and trade is ₹50 plus GST per order.
- MTF rate rises with size
From 12.49% a year, up to 15.49% on larger amounts.
Brokerage calculator: Alice Blue vs Dhan
| Charge | Alice Blue | Dhan |
|---|
Ours, with NSE rates. Change the trade to see what Alice Blue and Dhan would each charge.
Other comparisons
Every comparison with Alice Blue or Dhan, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Alice Blue or Dhan?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹14.75 in broker charges at Dhan and ₹41.30 at Alice Blue (our calculation). For two SME lots worth ₹2,50,000: Alice Blue ₹41.30, Dhan ₹14.75 (our calculation, brokerage and DP charge with GST).
How much would the difference between Alice Blue and Dhan be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Dhan costs ₹318.60 less in broker charges (our calculation). Add the yearly AMC: Alice Blue: ₹0 for life on the current plan; Dhan: ₹0 for individuals and HUFs.
Can I apply for SME IPOs on Alice Blue and Dhan?
Dhan lets you apply for SME IPOs; Alice Blue does not say so on the pages we checked.
What brokerage do Alice Blue and Dhan 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 ₹0.00 at Dhan (our calculation from their published rates).
What DP charge do Alice Blue and Dhan take when I sell IPO shares?
For one sale of ₹15,000, with GST: ₹17.70 at Alice Blue; ₹14.75 at Dhan (our calculation). It is charged on each sale from your demat account.