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
Mirae Asset SharekhanSEBI INZ000171337
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹400/yr
- SME IPOs
- Not stated
- Delivery brokerage
- 0.30%
- Cost to sell ₹15,000 of IPO shares
- ₹53.10Brokerage and DP with GST, ours
Where Alice Blue and Mirae Asset Sharekhan differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Alice Blue | Mirae Asset Sharekhan |
|---|---|---|
| One mainboard lot, ₹15,000₹11.80 less at Alice Blue | ₹41.30 | ₹53.10 |
| Two SME lots, ₹2,50,000₹843.70 less at Alice Blue | ₹41.30 | ₹885.00 |
| A year: 12 mainboard lots sold₹141.60 less at Alice Blue | ₹495.60 | ₹637.20 |
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.
- Demat maintenance (AMC): ₹0 for life on the current plan at Alice Blue, ₹400 a year, free for the first year at Mirae Asset Sharekhan.
- Equity delivery brokerage: ₹20 or 2.5 per executed order, whichever is lower, as shown on the… at Alice Blue, 0.30% of trade value at Mirae Asset Sharekhan.
- DP charge on selling shares: ₹15 plus GST per scrip, on sales only at Alice Blue, Nil when sold through Mirae Asset Sharekhan at Mirae Asset Sharekhan.
The same at both: account opening, Mainboard IPOs and SME IPOs.
Alice Blue vs Mirae Asset Sharekhan: charges side by side
Differs 4 of 7 charges differ between Alice Blue and Mirae Asset Sharekhan. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Alice Blue | Mirae Asset Sharekhan |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 for life on the current plan | ₹400 a year, free for the first 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 | 0.30% of trade value (minimum 1 paisa a share) |
| DP charge on selling shares | ₹15 plus GST per scrip, on sales only | Nil when sold through Mirae Asset Sharekhan |
| Registration | ||
| SEBI registration | INZ000156038 | INZ000171337 |
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 Mirae Asset Sharekhan pages.
Alice Blue and Mirae Asset Sharekhan 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.
Mirae Asset Sharekhan
Strengths
- No DP charge on sales
- Free call and trade
- Research and branches
Worth checking
- Percentage brokerage on delivery
0.30% with no cap: ₹45 on a ₹15,000 sale.
- Options per lot
₹39 per lot each side.
- MTF at 18%
Margin trading interest is 18% a year.
Brokerage calculator: Alice Blue vs Mirae Asset Sharekhan
Other comparisons
Every comparison with Alice Blue or Mirae Asset Sharekhan, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Alice Blue or Mirae Asset Sharekhan?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹41.30 in broker charges at Alice Blue and ₹53.10 at Mirae Asset Sharekhan (our calculation). For two SME lots worth ₹2,50,000: Alice Blue ₹41.30, Mirae Asset Sharekhan ₹885.00 (our calculation, brokerage and DP charge with GST).
How much would the difference between Alice Blue and Mirae Asset Sharekhan be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Alice Blue costs ₹141.60 less in broker charges (our calculation). Add the yearly AMC: Alice Blue: ₹0 for life on the current plan; Mirae Asset Sharekhan: ₹400 a year, free for the first year.
Can I apply for SME IPOs on Alice Blue and Mirae Asset Sharekhan?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Alice Blue and Mirae Asset Sharekhan?
Alice Blue: ₹0 for life on the current plan. Mirae Asset Sharekhan: ₹400 a year, free for the first year.
What brokerage do Alice Blue and Mirae Asset Sharekhan 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 ₹53.10 at Mirae Asset Sharekhan (our calculation from their published rates).