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
INDmoneySEBI INZ000305337
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- No
- Delivery brokerage
- ₹20 or 0.1%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹39.53Brokerage and DP with GST, ours
Where Bajaj Broking and INDmoney differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bajaj Broking | INDmoney |
|---|---|---|
| One mainboard lot, ₹15,000₹25.37 less at INDmoney | ₹64.90 | ₹39.53 |
| Two SME lots, ₹2,50,000₹19.47 less at INDmoney | ₹64.90 | ₹45.43 |
| A year: 12 mainboard lots sold₹304.44 less at INDmoney | ₹778.80 | ₹474.36 |
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 at INDmoney.
- Equity delivery brokerage: ₹20 per order at Bajaj Broking, 0.1% or ₹20 per executed order, whichever is lower, minimum ₹2 at INDmoney.
- DP charge on selling shares: ₹35 or 0.0002% of the value, whichever is higher, plus taxes at Bajaj Broking, ₹18.50 plus GST per ISIN at INDmoney.
- SME IPOs: Yes. SME IPOs are listed with an Apply Now option at Bajaj Broking, Not yet. INDmoney says it does not currently support SME IPOs at INDmoney.
The same at both: account opening and Mainboard IPOs.
Bajaj Broking vs INDmoney: charges side by side
Differs 5 of 7 charges differ between Bajaj Broking and INDmoney. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bajaj Broking | INDmoney |
|---|---|---|
| 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 |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes |
| SME IPOs | Yes. SME IPOs are listed with an Apply Now option | Not yet. INDmoney says it does not currently support SME IPOs |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 per order (Professional Pack: ₹10, for ₹2,500 a year) | 0.1% or ₹20 per executed order, whichever is lower, minimum ₹2 |
| DP charge on selling shares | ₹35 or 0.0002% of the value, whichever is higher, plus taxes | ₹18.50 plus GST per ISIN (₹3.50 CDSL and ₹15 INDstocks; ₹3.25 and ₹15.25 for women) |
| Registration | ||
| SEBI registration | INZ000218931 | INZ000305337 |
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 INDmoney pages.
Bajaj Broking and INDmoney 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.
INDmoney
Strengths
- ₹0 AMC and account opening
- Low minimum brokerage
Worth checking
- Desk orders are expensive
₹500 per order through the trading desk.
- DP charge
₹18.50 plus GST per sale.
- No SME IPOs yet
INDmoney says SME IPO applications are not supported at the moment.
Brokerage calculator: Bajaj Broking vs INDmoney
| Charge | Bajaj Broking | INDmoney |
|---|
Ours, with NSE rates. Change the trade to see what Bajaj Broking and INDmoney would each charge.
Other comparisons
Every comparison with Bajaj Broking or INDmoney, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bajaj Broking or INDmoney?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹39.53 in broker charges at INDmoney and ₹64.90 at Bajaj Broking (our calculation). For two SME lots worth ₹2,50,000: Bajaj Broking ₹64.90, INDmoney ₹45.43 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bajaj Broking and INDmoney be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, INDmoney costs ₹304.44 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…; INDmoney: ₹0.
Can I apply for SME IPOs on Bajaj Broking and INDmoney?
Bajaj Broking lets you apply for SME IPOs; INDmoney does not support them yet.
What is the demat AMC at Bajaj Broking and INDmoney?
Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second…. INDmoney: ₹0.
What brokerage do Bajaj Broking and INDmoney 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 ₹17.70 at INDmoney (our calculation from their published rates).