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
FYERSSEBI INZ000008524
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 0.3%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹38.35Brokerage and DP with GST, ours
Where Bajaj Broking and FYERS differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bajaj Broking | FYERS |
|---|---|---|
| One mainboard lot, ₹15,000₹26.55 less at FYERS | ₹64.90 | ₹38.35 |
| Two SME lots, ₹2,50,000₹26.55 less at FYERS | ₹64.90 | ₹38.35 |
| A year: 12 mainboard lots sold₹318.60 less at FYERS | ₹778.80 | ₹460.20 |
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): Nil, but the Freedom Pack subscription is ₹431 a year from the second… at Bajaj Broking, ₹0 for trading and demat accounts at FYERS.
- Equity delivery brokerage: ₹20 per order at Bajaj Broking, ₹20 or 0.3% per executed order, whichever is lower at FYERS.
- 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 scrip at FYERS.
- SME IPOs: Yes. SME IPOs are listed with an Apply Now option at Bajaj Broking, The help page lists applications by type at FYERS.
The same at both: account opening and Mainboard IPOs.
Bajaj Broking vs FYERS: charges side by side
Differs 5 of 7 charges differ between Bajaj Broking and FYERS. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bajaj Broking | FYERS |
|---|---|---|
| Open an account | ||
| Account opening | Nil | ₹0 |
| Demat maintenance (AMC) | Nil, but the Freedom Pack subscription is ₹431 a year from the second year (free in the first) | ₹0 for trading and demat accounts |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes, on the FYERS web and mobile platforms, with ₹0 brokerage |
| SME IPOs | Yes. SME IPOs are listed with an Apply Now option | The help page lists applications by type (mainboard or SME) in the IPO section |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 per order (Professional Pack: ₹10, for ₹2,500 a year) | ₹20 or 0.3% per executed order, whichever is lower (Prime: ₹15 or 0.3%) |
| DP charge on selling shares | ₹35 or 0.0002% of the value, whichever is higher, plus taxes | ₹12.50 plus GST per scrip (ISIN) |
| Registration | ||
| SEBI registration | INZ000218931 | INZ000008524 |
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 Bajaj Broking and FYERS pages.
Bajaj Broking and FYERS 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.
FYERS
Strengths
- ₹0 AMC and account opening
- IPO applications free
- Low DP charge
Worth checking
- Brokerage on delivery
Up to ₹20 per order (₹15 on Prime).
- MTF on small amounts
16.49% a year on funding up to ₹1 lakh.
Brokerage calculator: Bajaj Broking vs FYERS
| Charge | Bajaj Broking | FYERS |
|---|
Ours, with NSE rates. Change the trade to see what Bajaj Broking and FYERS would each charge.
Other comparisons
Every comparison with Bajaj Broking or FYERS, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bajaj Broking or FYERS?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹38.35 in broker charges at FYERS and ₹64.90 at Bajaj Broking (our calculation). For two SME lots worth ₹2,50,000: Bajaj Broking ₹64.90, FYERS ₹38.35 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bajaj Broking and FYERS be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, FYERS costs ₹318.60 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…; FYERS: ₹0 for trading and demat accounts.
Can I apply for SME IPOs on Bajaj Broking and FYERS?
Bajaj Broking lets you apply for SME IPOs; FYERS does not say so on the pages we checked.
What is the demat AMC at Bajaj Broking and FYERS?
Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second…. FYERS: ₹0 for trading and demat accounts.
What brokerage do Bajaj Broking and FYERS 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 ₹23.60 at FYERS (our calculation from their published rates).