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
JainamSEBI INZ000198735
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 (DIY) or 0.4%
- Cost to sell ₹15,000 of IPO shares
- ₹44.84Brokerage and DP with GST, ours
Where Alice Blue and Jainam differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Alice Blue | Jainam |
|---|---|---|
| One mainboard lot, ₹15,000₹3.54 less at Alice Blue | ₹41.30 | ₹44.84 |
| Two SME lots, ₹2,50,000₹3.54 less at Alice Blue | ₹41.30 | ₹44.84 |
| A year: 12 mainboard lots sold₹42.48 less at Alice Blue | ₹495.60 | ₹538.08 |
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, not stated at Jainam.
- Equity delivery brokerage: ₹20 or 2.5 per executed order, whichever is lower, as shown on the… at Alice Blue, DIY: ₹20 per order at Jainam.
- DP charge on selling shares: ₹15 plus GST per scrip, on sales only at Alice Blue, DIY: ₹18 per scrip at Jainam.
- Mainboard IPOs: Yes, with ₹0 brokerage at Alice Blue, not stated at Jainam.
The same at both: account opening and SME IPOs.
Alice Blue vs Jainam: charges side by side
Differs 5 of 7 charges differ between Alice Blue and Jainam. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Alice Blue | Jainam |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 online |
| Demat maintenance (AMC) | ₹0 for life on the current plan | Not stated on the pages we checked |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, with ₹0 brokerage | Not stated on the pages we checked |
| 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 | DIY: ₹20 per order; Premium: 0.4% |
| DP charge on selling shares | ₹15 plus GST per scrip, on sales only | DIY: ₹18 per scrip; Premium: ₹25 per request plus GST |
| Registration | ||
| SEBI registration | INZ000156038 | INZ000198735 |
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 Jainam pages.
Alice Blue and Jainam 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.
Jainam
Strengths
- Two plans
Worth checking
- Premium delivery is 0.4%
₹60 on a ₹15,000 sale on the Premium plan. Our calculator uses the DIY plan.
- DIY dealer orders cost ₹70
Plus ₹20 brokerage and GST.
Brokerage calculator: Alice Blue vs Jainam
| Charge | Alice Blue | Jainam |
|---|
Ours, with NSE rates. Change the trade to see what Alice Blue and Jainam would each charge.
Other comparisons
Every comparison with Alice Blue or Jainam, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Alice Blue or Jainam?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹41.30 in broker charges at Alice Blue and ₹44.84 at Jainam (our calculation). For two SME lots worth ₹2,50,000: Alice Blue ₹41.30, Jainam ₹44.84 (our calculation, brokerage and DP charge with GST).
How much would the difference between Alice Blue and Jainam be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Alice Blue costs ₹42.48 less in broker charges (our calculation). Add the yearly AMC: Alice Blue: ₹0 for life on the current plan; Jainam: not stated.
Can I apply for SME IPOs on Alice Blue and Jainam?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Alice Blue and Jainam?
Alice Blue: ₹0 for life on the current plan. Jainam: not stated.
What brokerage do Alice Blue and Jainam 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 Jainam (our calculation from their published rates).