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
GeojitSEBI INZ000318938
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- 0.30%
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where Bajaj Broking and Geojit differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bajaj Broking | Geojit |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹29.50 less at Bajaj Broking; a DP charge is not published | ₹64.90 | ₹53.10 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Brokerage ₹861.40 less at Bajaj Broking; a DP charge is not published | ₹64.90 | ₹885.00 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹354.00 less at Bajaj Broking; a DP charge is not published | ₹778.80 | ₹637.20 brokerage; DP charge not published |
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, not stated at Geojit.
- Equity delivery brokerage: ₹20 per order at Bajaj Broking, 0.30% at Geojit.
- DP charge on selling shares: ₹35 or 0.0002% of the value, whichever is higher, plus taxes at Bajaj Broking, not stated at Geojit.
- SME IPOs: Yes. SME IPOs are listed with an Apply Now option at Bajaj Broking, not stated at Geojit.
The same at both: account opening and Mainboard IPOs.
Bajaj Broking vs Geojit: charges side by side
Differs 5 of 7 charges differ between Bajaj Broking and Geojit. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bajaj Broking | Geojit |
|---|---|---|
| Open an account | ||
| Account opening | Nil | Nil |
| Demat maintenance (AMC) | Nil, but the Freedom Pack subscription is ₹431 a year from the second year (free in the first) | Not stated on the pages we checked |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes |
| SME IPOs | Yes. SME IPOs are listed with an Apply Now option | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 per order (Professional Pack: ₹10, for ₹2,500 a year) | 0.30% |
| DP charge on selling shares | ₹35 or 0.0002% of the value, whichever is higher, plus taxes | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000218931 | INZ000318938 |
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 Geojit pages.
Bajaj Broking and Geojit 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.
Geojit
Strengths
- Full-service support
Worth checking
- Percentage brokerage on delivery
0.30% with no cap: ₹45 on a ₹15,000 sale.
- AMC and DP charge not on the pricing page
Check them before you open an account.
Brokerage calculator: Bajaj Broking vs Geojit
| Charge | Bajaj Broking | Geojit |
|---|
Ours, with NSE rates. Change the trade to see what Bajaj Broking and Geojit would each charge.
Other comparisons
Every comparison with Bajaj Broking or Geojit, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bajaj Broking or Geojit?
Geojit does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. On brokerage alone, one mainboard lot (₹15,000) costs ₹29.50 less at Bajaj Broking (our calculation). For two SME lots worth ₹2,50,000: Bajaj Broking ₹64.90, Geojit ₹885.00 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between Bajaj Broking and Geojit be over a year?
Not in full, because Geojit does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹354.00 less at Bajaj Broking (our calculation).
Can I apply for SME IPOs on Bajaj Broking and Geojit?
Bajaj Broking lets you apply for SME IPOs; Geojit does not say so on the pages we checked.
What is the demat AMC at Bajaj Broking and Geojit?
Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second…. Geojit: not stated.
What brokerage do Bajaj Broking and Geojit 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 ₹53.10 at Geojit (our calculation from their published rates).