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
IIFL CapitalSEBI INZ000164132
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹250/yr + GST
- SME IPOs
- Not stated
- Delivery brokerage
- 0.25%
- Cost to sell ₹15,000 of IPO shares
- ₹73.75Brokerage and DP with GST, ours
Where Alice Blue and IIFL Capital differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Alice Blue | IIFL Capital |
|---|---|---|
| One mainboard lot, ₹15,000₹32.45 less at Alice Blue | ₹41.30 | ₹73.75 |
| Two SME lots, ₹2,50,000₹725.70 less at Alice Blue | ₹41.30 | ₹767.00 |
| A year: 12 mainboard lots sold₹389.40 less at Alice Blue | ₹495.60 | ₹885.00 |
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.
- Demat maintenance (AMC): ₹0 for life on the current plan at Alice Blue, ₹0 in the first year, then ₹250 plus GST a year at IIFL Capital.
- Equity delivery brokerage: ₹20 or 2.5 per executed order, whichever is lower, as shown on the… at Alice Blue, 0.25% at IIFL Capital.
- DP charge on selling shares: ₹15 plus GST per scrip, on sales only at Alice Blue, ₹25 plus GST per scrip at IIFL Capital.
The same at both: account opening, Mainboard IPOs and SME IPOs.
Alice Blue vs IIFL Capital: charges side by side
Differs 4 of 7 charges differ between Alice Blue and IIFL Capital. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Alice Blue | IIFL Capital |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 for life on the current plan | ₹0 in the first year, then ₹250 plus GST a year |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, with ₹0 brokerage | Yes |
| SME IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 2.5 per executed order, whichever is lower, as shown on the pricing page | 0.25% |
| DP charge on selling shares | ₹15 plus GST per scrip, on sales only | ₹25 plus GST per scrip |
| Registration | ||
| SEBI registration | INZ000156038 | INZ000164132 |
For other trading, equity intraday, Futures and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the Alice Blue and IIFL Capital pages.
Alice Blue and IIFL Capital 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.
IIFL Capital
Strengths
- Full-service support
- Lower AMC
Worth checking
- Percentage brokerage on delivery
0.25% with no cap: ₹37.50 on a ₹15,000 sale.
- DP charge
₹25 plus GST per sale.
- System square-off
₹100 per order.
Brokerage calculator: Alice Blue vs IIFL Capital
| Charge | Alice Blue | IIFL Capital |
|---|
Ours, with NSE rates. Change the trade to see what Alice Blue and IIFL Capital would each charge.
Other comparisons
Every comparison with Alice Blue or IIFL Capital, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Alice Blue or IIFL Capital?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹41.30 in broker charges at Alice Blue and ₹73.75 at IIFL Capital (our calculation). For two SME lots worth ₹2,50,000: Alice Blue ₹41.30, IIFL Capital ₹767.00 (our calculation, brokerage and DP charge with GST).
How much would the difference between Alice Blue and IIFL Capital be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Alice Blue costs ₹389.40 less in broker charges (our calculation). Add the yearly AMC: Alice Blue: ₹0 for life on the current plan; IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year.
Can I apply for SME IPOs on Alice Blue and IIFL Capital?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Alice Blue and IIFL Capital?
Alice Blue: ₹0 for life on the current plan. IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year.
What brokerage do Alice Blue and IIFL Capital 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 ₹44.25 at IIFL Capital (our calculation from their published rates).