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
SahiSEBI INZ000317632
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹10 or 0.05%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹24.78Brokerage and DP with GST, ours
Where Alice Blue and Sahi differ
3 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Alice Blue | Sahi |
|---|---|---|
| One mainboard lot, ₹15,000₹16.52 less at Sahi | ₹41.30 | ₹24.78 |
| Two SME lots, ₹2,50,000₹13.57 less at Sahi | ₹41.30 | ₹27.73 |
| A year: 12 mainboard lots sold₹198.24 less at Sahi | ₹495.60 | ₹297.36 |
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 or 0.05% per order, whichever is lower at Sahi.
- DP charge on selling shares: ₹15 plus GST per scrip, on sales only at Alice Blue, ₹13.50 per company at Sahi.
The same at both: account opening, Demat maintenance (AMC), Mainboard IPOs and SME IPOs.
Alice Blue vs Sahi: charges side by side
Differs 3 of 7 charges differ between Alice Blue and Sahi. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Alice Blue | Sahi |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Free |
| Demat maintenance (AMC) | ₹0 for life on the current plan | Free |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, with ₹0 brokerage | Yes, free |
| 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 or 0.05% per order, whichever is lower |
| DP charge on selling shares | ₹15 plus GST per scrip, on sales only | ₹13.50 per company (GST not stated; we add 18% in our calculation) |
| Registration | ||
| SEBI registration | INZ000156038 | INZ000317632 |
For other trading, equity intraday and Futures differ too. Intraday, futures, call and trade and margin charges are on the Alice Blue and Sahi pages.
Alice Blue and Sahi 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.
Sahi
Strengths
- ₹10 cap
- ₹0 AMC and account opening
- IPOs free
Worth checking
- Newer broker
Registered with SEBI in 2024.
- DP charge
₹13.50 per sale.
Brokerage calculator: Alice Blue vs Sahi
| Charge | Alice Blue | Sahi |
|---|
Ours, with NSE rates. Change the trade to see what Alice Blue and Sahi would each charge.
Other comparisons
- Groww vs Sahi
- Sahi vs Zerodha
- Dhan vs Sahi
- Kotak Securities (Kotak Neo) vs Sahi
- PhonePe Invest (Share.Market) vs Sahi
Every comparison with Alice Blue or Sahi, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Alice Blue or Sahi?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹24.78 in broker charges at Sahi and ₹41.30 at Alice Blue (our calculation). For two SME lots worth ₹2,50,000: Alice Blue ₹41.30, Sahi ₹27.73 (our calculation, brokerage and DP charge with GST).
How much would the difference between Alice Blue and Sahi be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Sahi costs ₹198.24 less in broker charges (our calculation). Add the yearly AMC: Alice Blue: ₹0 for life on the current plan; Sahi: Free.
Can I apply for SME IPOs on Alice Blue and Sahi?
Neither says clearly on its pages that SME IPOs can be applied for.
What brokerage do Alice Blue and Sahi 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 ₹8.85 at Sahi (our calculation from their published rates).
What DP charge do Alice Blue and Sahi take when I sell IPO shares?
For one sale of ₹15,000, with GST: ₹17.70 at Alice Blue; ₹15.93 at Sahi (our calculation). It is charged on each sale from your demat account.