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
FYERSSEBI INZ000008524
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 0.3%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹38.35Brokerage and DP with GST, ours
Where Alice Blue and FYERS differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Alice Blue | FYERS |
|---|---|---|
| One mainboard lot, ₹15,000₹2.95 less at FYERS | ₹41.30 | ₹38.35 |
| Two SME lots, ₹2,50,000₹2.95 less at FYERS | ₹41.30 | ₹38.35 |
| A year: 12 mainboard lots sold₹35.40 less at FYERS | ₹495.60 | ₹460.20 |
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, ₹20 or 0.3% per executed order, whichever is lower at FYERS.
- DP charge on selling shares: ₹15 plus GST per scrip, on sales only at Alice Blue, ₹12.50 plus GST per scrip at FYERS.
- SME IPOs: not stated at Alice Blue, The help page lists applications by type at FYERS.
The same at both: account opening, Demat maintenance (AMC) and Mainboard IPOs.
Alice Blue vs FYERS: charges side by side
Differs 4 of 7 charges differ between Alice Blue and FYERS. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Alice Blue | FYERS |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 for life on the current plan | ₹0 for trading and demat accounts |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, with ₹0 brokerage | Yes, on the FYERS web and mobile platforms, with ₹0 brokerage |
| SME IPOs | Not stated on the pages we checked | The help page lists applications by type (mainboard or SME) in the IPO section |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 2.5 per executed order, whichever is lower, as shown on the pricing page | ₹20 or 0.3% per executed order, whichever is lower (Prime: ₹15 or 0.3%) |
| DP charge on selling shares | ₹15 plus GST per scrip, on sales only | ₹12.50 plus GST per scrip (ISIN) |
| Registration | ||
| SEBI registration | INZ000156038 | INZ000008524 |
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 FYERS pages.
Alice Blue and FYERS 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.
FYERS
Strengths
- ₹0 AMC and account opening
- IPO applications free
- Low DP charge
Worth checking
- Brokerage on delivery
Up to ₹20 per order (₹15 on Prime).
- MTF on small amounts
16.49% a year on funding up to ₹1 lakh.
Brokerage calculator: Alice Blue vs FYERS
| Charge | Alice Blue | FYERS |
|---|
Ours, with NSE rates. Change the trade to see what Alice Blue and FYERS would each charge.
Other comparisons
Every comparison with Alice Blue or FYERS, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Alice Blue or FYERS?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹38.35 in broker charges at FYERS and ₹41.30 at Alice Blue (our calculation). For two SME lots worth ₹2,50,000: Alice Blue ₹41.30, FYERS ₹38.35 (our calculation, brokerage and DP charge with GST).
How much would the difference between Alice Blue and FYERS be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, FYERS costs ₹35.40 less in broker charges (our calculation). Add the yearly AMC: Alice Blue: ₹0 for life on the current plan; FYERS: ₹0 for trading and demat accounts.
Can I apply for SME IPOs on Alice Blue and FYERS?
Neither says clearly on its pages that SME IPOs can be applied for.
What brokerage do Alice Blue and FYERS 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 FYERS (our calculation from their published rates).
What DP charge do Alice Blue and FYERS take when I sell IPO shares?
For one sale of ₹15,000, with GST: ₹17.70 at Alice Blue; ₹14.75 at FYERS (our calculation). It is charged on each sale from your demat account.