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
IIFL CapitalSEBI INZ000164132
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹250/yr + GST
- SME IPOs
- Not stated
- Delivery brokerage
- 0.25%
- Cost to sell ₹15,000 of IPO shares
- ₹73.75Brokerage and DP with GST, ours
Where Bajaj Broking and IIFL Capital differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bajaj Broking | IIFL Capital |
|---|---|---|
| One mainboard lot, ₹15,000₹8.85 less at Bajaj Broking | ₹64.90 | ₹73.75 |
| Two SME lots, ₹2,50,000₹702.10 less at Bajaj Broking | ₹64.90 | ₹767.00 |
| A year: 12 mainboard lots sold₹106.20 less at Bajaj Broking | ₹778.80 | ₹885.00 |
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 in the first year, then ₹250 plus GST a year at IIFL Capital.
- Equity delivery brokerage: ₹20 per order at Bajaj Broking, 0.25% at IIFL Capital.
- DP charge on selling shares: ₹35 or 0.0002% of the value, whichever is higher, plus taxes at Bajaj Broking, ₹25 plus GST per scrip at IIFL Capital.
- SME IPOs: Yes. SME IPOs are listed with an Apply Now option at Bajaj Broking, not stated at IIFL Capital.
The same at both: account opening and Mainboard IPOs.
Bajaj Broking vs IIFL Capital: charges side by side
Differs 5 of 7 charges differ between Bajaj Broking and IIFL Capital. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bajaj Broking | IIFL Capital |
|---|---|---|
| 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 in the first year, then ₹250 plus GST a year |
| 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) | 0.25% |
| DP charge on selling shares | ₹35 or 0.0002% of the value, whichever is higher, plus taxes | ₹25 plus GST per scrip |
| Registration | ||
| SEBI registration | INZ000218931 | INZ000164132 |
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 IIFL Capital pages.
Bajaj Broking and IIFL Capital 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.
IIFL Capital
Strengths
- Full-service support
- Lower AMC
Worth checking
- Percentage brokerage on delivery
0.25% with no cap: ₹37.50 on a ₹15,000 sale.
- DP charge
₹25 plus GST per sale.
- System square-off
₹100 per order.
Brokerage calculator: Bajaj Broking vs IIFL Capital
| Charge | Bajaj Broking | IIFL Capital |
|---|
Ours, with NSE rates. Change the trade to see what Bajaj Broking and IIFL Capital would each charge.
Other comparisons
Every comparison with Bajaj Broking or IIFL Capital, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bajaj Broking or IIFL Capital?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹64.90 in broker charges at Bajaj Broking and ₹73.75 at IIFL Capital (our calculation). For two SME lots worth ₹2,50,000: Bajaj Broking ₹64.90, IIFL Capital ₹767.00 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bajaj Broking and IIFL Capital be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Bajaj Broking costs ₹106.20 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…; IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year.
Can I apply for SME IPOs on Bajaj Broking and IIFL Capital?
Bajaj Broking lets you apply for SME IPOs; IIFL Capital does not say so on the pages we checked.
What is the demat AMC at Bajaj Broking and IIFL Capital?
Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second…. IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year.
What brokerage do Bajaj Broking and IIFL Capital 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 ₹44.25 at IIFL Capital (our calculation from their published rates).