Angel OneSEBI INZ000161534
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹240/yr + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹20 or 0.1%, 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 Angel One and Jainam differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Angel One | Jainam |
|---|---|---|
| One mainboard lot, ₹15,000₹3.54 less at Angel One | ₹41.30 | ₹44.84 |
| Two SME lots, ₹2,50,000₹2.36 less at Jainam | ₹47.20 | ₹44.84 |
| A year: 12 mainboard lots sold₹42.48 less at Angel One | ₹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): Free in the first year, then ₹60 a quarter plus GST, charged after the… at Angel One, not stated at Jainam.
- Equity delivery brokerage: ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Angel One, DIY: ₹20 per order at Jainam.
- DP charge on selling shares: ₹20 plus GST per scrip at Angel One, DIY: ₹18 per scrip at Jainam.
- Mainboard IPOs: Yes, in the IPO section of the app with a UPI mandate at Angel One, not stated at Jainam.
- SME IPOs: Yes, NSE Emerge and BSE SME IPOs, marked with an SME tag. Allotted SME… at Angel One, not stated at Jainam.
The same at both: account opening.
Angel One vs Jainam: charges side by side
Differs 6 of 7 charges differ between Angel One and Jainam. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Angel One | Jainam |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 for residents | ₹0 online |
| Demat maintenance (AMC) | Free in the first year, then ₹60 a quarter plus GST, charged after the first trade in a quarter | Not stated on the pages we checked |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the IPO section of the app with a UPI mandate | Not stated on the pages we checked |
| SME IPOs | Yes, NSE Emerge and BSE SME IPOs, marked with an SME tag. Allotted SME shares can be sold from the app | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 | DIY: ₹20 per order; Premium: 0.4% |
| DP charge on selling shares | ₹20 plus GST per scrip (₹3.50 CDSL and ₹16.50 Angel One; ₹3.25 and ₹16.75 for women) | DIY: ₹18 per scrip; Premium: ₹25 per request plus GST |
| Registration | ||
| SEBI registration | INZ000161534 | INZ000198735 |
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 Angel One and Jainam pages.
Angel One and Jainam strengths and things worth checking
Angel One
Strengths
- Free first month
- Cheaper dealer orders
- SME IPOs on both exchanges
Worth checking
- AMC after the first year
₹60 a quarter plus GST (₹240 a year plus GST) for a regular demat account.
- Brokerage and DP charge on delivery
Up to ₹20 per order plus a ₹20 plus GST DP charge when you sell.
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: Angel One vs Jainam
| Charge | Angel One | Jainam |
|---|
Ours, with NSE rates. Change the trade to see what Angel One and Jainam would each charge.
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Every comparison with Angel One or Jainam, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Angel One or Jainam?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹41.30 in broker charges at Angel One and ₹44.84 at Jainam (our calculation). For two SME lots worth ₹2,50,000: Angel One ₹47.20, Jainam ₹44.84 (our calculation, brokerage and DP charge with GST).
How much would the difference between Angel One and Jainam be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Angel One costs ₹42.48 less in broker charges (our calculation). Add the yearly AMC: Angel One: Free in the first year, then ₹60 a quarter plus GST, charged after the…; Jainam: not stated.
Can I apply for SME IPOs on Angel One and Jainam?
Angel One lets you apply for SME IPOs; Jainam does not say so on the pages we checked.
What is the demat AMC at Angel One and Jainam?
Angel One: Free in the first year, then ₹60 a quarter plus GST, charged after the…. Jainam: not stated.
What brokerage do Angel One 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 ₹17.70 at Angel One and ₹23.60 at Jainam (our calculation from their published rates).