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
m.StockSEBI INZ000163138
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹10/order
- Cost to sell ₹15,000 of IPO shares
- ₹33.04Brokerage and DP with GST, ours
Where Alice Blue and m.Stock differ
3 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Alice Blue | m.Stock |
|---|---|---|
| One mainboard lot, ₹15,000₹8.26 less at m.Stock | ₹41.30 | ₹33.04 |
| Two SME lots, ₹2,50,000₹8.26 less at m.Stock | ₹41.30 | ₹33.04 |
| A year: 12 mainboard lots sold₹99.12 less at m.Stock | ₹495.60 | ₹396.48 |
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, ₹10 per order at m.Stock.
- DP charge on selling shares: ₹15 plus GST per scrip, on sales only at Alice Blue, ₹18 plus GST per debit transaction at m.Stock.
The same at both: account opening, Demat maintenance (AMC), Mainboard IPOs and SME IPOs.
Alice Blue vs m.Stock: charges side by side
Differs 3 of 7 charges differ between Alice Blue and m.Stock. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Alice Blue | m.Stock |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 for life on the current plan | ₹0 |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, with ₹0 brokerage | Yes, with a two-click application |
| 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 | ₹10 per order |
| DP charge on selling shares | ₹15 plus GST per scrip, on sales only | ₹18 plus GST per debit transaction |
| Registration | ||
| SEBI registration | INZ000156038 | INZ000163138 |
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 m.Stock pages.
Alice Blue and m.Stock 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.
m.Stock
Strengths
- ₹10 per order
- ₹0 AMC
- Free call and trade
Worth checking
- System square-off is costly
₹100 plus GST per order if m.Stock squares off your intraday position.
- DP charge
₹18 plus GST per sale.
Brokerage calculator: Alice Blue vs m.Stock
| Charge | Alice Blue | m.Stock |
|---|
Ours, with NSE rates. Change the trade to see what Alice Blue and m.Stock would each charge.
Other comparisons
Every comparison with Alice Blue or m.Stock, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Alice Blue or m.Stock?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹33.04 in broker charges at m.Stock and ₹41.30 at Alice Blue (our calculation). For two SME lots worth ₹2,50,000: Alice Blue ₹41.30, m.Stock ₹33.04 (our calculation, brokerage and DP charge with GST).
How much would the difference between Alice Blue and m.Stock be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, m.Stock costs ₹99.12 less in broker charges (our calculation). Add the yearly AMC: Alice Blue: ₹0 for life on the current plan; m.Stock: ₹0.
Can I apply for SME IPOs on Alice Blue and m.Stock?
Neither says clearly on its pages that SME IPOs can be applied for.
What brokerage do Alice Blue and m.Stock 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 ₹11.80 at m.Stock (our calculation from their published rates).
What DP charge do Alice Blue and m.Stock take when I sell IPO shares?
For one sale of ₹15,000, with GST: ₹17.70 at Alice Blue; ₹21.24 at m.Stock (our calculation). It is charged on each sale from your demat account.