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
JainamSEBI INZ000198735
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 (DIY) or 0.4%
- Cost to sell ₹15,000 of IPO shares
- ₹44.84Brokerage and DP with GST, ours
Where Bajaj Broking and Jainam differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bajaj Broking | Jainam |
|---|---|---|
| One mainboard lot, ₹15,000₹20.06 less at Jainam | ₹64.90 | ₹44.84 |
| Two SME lots, ₹2,50,000₹20.06 less at Jainam | ₹64.90 | ₹44.84 |
| A year: 12 mainboard lots sold₹240.72 less at Jainam | ₹778.80 | ₹538.08 |
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 Jainam.
- Equity delivery brokerage: ₹20 per order at Bajaj Broking, DIY: ₹20 per order at Jainam.
- DP charge on selling shares: ₹35 or 0.0002% of the value, whichever is higher, plus taxes at Bajaj Broking, DIY: ₹18 per scrip at Jainam.
- Mainboard IPOs: Yes at Bajaj Broking, not stated at Jainam.
- SME IPOs: Yes. SME IPOs are listed with an Apply Now option at Bajaj Broking, not stated at Jainam.
The same at both: account opening.
Bajaj Broking vs Jainam: charges side by side
Differs 6 of 7 charges differ between Bajaj Broking and Jainam. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bajaj Broking | Jainam |
|---|---|---|
| Open an account | ||
| Account opening | Nil | ₹0 online |
| 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 | Not stated on the pages we checked |
| 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) | DIY: ₹20 per order; Premium: 0.4% |
| DP charge on selling shares | ₹35 or 0.0002% of the value, whichever is higher, plus taxes | DIY: ₹18 per scrip; Premium: ₹25 per request plus GST |
| Registration | ||
| SEBI registration | INZ000218931 | INZ000198735 |
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 Jainam pages.
Bajaj Broking and Jainam 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.
Jainam
Strengths
- Two plans
Worth checking
- Premium delivery is 0.4%
₹60 on a ₹15,000 sale on the Premium plan. Our calculator uses the DIY plan.
- DIY dealer orders cost ₹70
Plus ₹20 brokerage and GST.
Brokerage calculator: Bajaj Broking vs Jainam
| Charge | Bajaj Broking | Jainam |
|---|
Ours, with NSE rates. Change the trade to see what Bajaj Broking and Jainam would each charge.
Other comparisons
Every comparison with Bajaj Broking or Jainam, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bajaj Broking or Jainam?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹44.84 in broker charges at Jainam and ₹64.90 at Bajaj Broking (our calculation). For two SME lots worth ₹2,50,000: Bajaj Broking ₹64.90, Jainam ₹44.84 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bajaj Broking and Jainam be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Jainam costs ₹240.72 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…; Jainam: not stated.
Can I apply for SME IPOs on Bajaj Broking and Jainam?
Bajaj Broking lets you apply for SME IPOs; Jainam does not say so on the pages we checked.
What is the demat AMC at Bajaj Broking and Jainam?
Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second…. Jainam: not stated.
What brokerage do Bajaj Broking and Jainam 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 Jainam (our calculation from their published rates).