Bajaj BrokingSEBI INZ000218931
- Account opening
- ₹0
- Demat AMC
- ₹0 (pack ₹431/yr from year 2)
- SME IPOs
- Yes
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- ₹64.90Brokerage and DP with GST, ours
DhanSEBI INZ000006031
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Yes
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹14.75Brokerage and DP with GST, ours
Where Bajaj Broking and Dhan differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bajaj Broking | Dhan |
|---|---|---|
| One mainboard lot, ₹15,000₹50.15 less at Dhan | ₹64.90 | ₹14.75 |
| Two SME lots, ₹2,50,000₹50.15 less at Dhan | ₹64.90 | ₹14.75 |
| A year: 12 mainboard lots sold₹601.80 less at Dhan | ₹778.80 | ₹177.00 |
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): Nil, but the Freedom Pack subscription is ₹431 a year from the second… at Bajaj Broking, ₹0 for individuals and HUFs at Dhan.
- Equity delivery brokerage: ₹20 per order at Bajaj Broking, ₹0 at Dhan.
- DP charge on selling shares: ₹35 or 0.0002% of the value, whichever is higher, plus taxes at Bajaj Broking, ₹12.50 plus GST per instruction per ISIN at Dhan.
The same at both: account opening, Mainboard IPOs and SME IPOs.
Bajaj Broking vs Dhan: charges side by side
Differs 4 of 7 charges differ between Bajaj Broking and Dhan. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bajaj Broking | Dhan |
|---|---|---|
| Open an account | ||
| Account opening | Nil | ₹0 for individuals and HUFs |
| Demat maintenance (AMC) | Nil, but the Freedom Pack subscription is ₹431 a year from the second year (free in the first) | ₹0 for individuals and HUFs (₹800 plus GST for NRIs, companies, LLPs, firms and trusts) |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes, free, with UPI |
| SME IPOs | Yes. SME IPOs are listed with an Apply Now option | Yes, SME IPOs can be applied for with mobile UPI |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 per order (Professional Pack: ₹10, for ₹2,500 a year) | ₹0 |
| DP charge on selling shares | ₹35 or 0.0002% of the value, whichever is higher, plus taxes | ₹12.50 plus GST per instruction per ISIN |
| Registration | ||
| SEBI registration | INZ000218931 | INZ000006031 |
For other trading, equity intraday, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the Bajaj Broking and Dhan pages.
Bajaj Broking and Dhan strengths and things worth checking
Bajaj Broking
Strengths
- Cheaper dealer orders
- No demat AMC
- SME IPOs
Worth checking
- Pack fee from year two
₹431 a year for the Freedom Pack.
- Higher DP charge
₹35 plus taxes per sale.
Dhan
Strengths
- ₹0 brokerage on delivery
- Low DP charge
- ₹0 AMC and account opening
Worth checking
- Dealer orders cost extra
Call and trade is ₹50 plus GST per order.
- MTF rate rises with size
From 12.49% a year, up to 15.49% on larger amounts.
Brokerage calculator: Bajaj Broking vs Dhan
| Charge | Bajaj Broking | Dhan |
|---|
Ours, with NSE rates. Change the trade to see what Bajaj Broking and Dhan would each charge.
Other comparisons
Every comparison with Bajaj Broking or Dhan, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bajaj Broking or Dhan?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹14.75 in broker charges at Dhan and ₹64.90 at Bajaj Broking (our calculation). For two SME lots worth ₹2,50,000: Bajaj Broking ₹64.90, Dhan ₹14.75 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bajaj Broking and Dhan be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Dhan costs ₹601.80 less in broker charges (our calculation). Add the yearly AMC: Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second…; Dhan: ₹0 for individuals and HUFs.
Can I apply for SME IPOs on Bajaj Broking and Dhan?
Both let you apply for SME IPOs.
What is the demat AMC at Bajaj Broking and Dhan?
Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second…. Dhan: ₹0 for individuals and HUFs.
What brokerage do Bajaj Broking and Dhan 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 Bajaj Broking and ₹0.00 at Dhan (our calculation from their published rates).