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
Kotak Securities (Kotak Neo)SEBI INZ000200137
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Yes
- Delivery brokerage
- 0.20%
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where Bajaj Broking and Kotak Securities (Kotak Neo) differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bajaj Broking | Kotak Securities (Kotak Neo) |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹11.80 less at Bajaj Broking; a DP charge is not published | ₹64.90 | ₹35.40 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Brokerage ₹566.40 less at Bajaj Broking; a DP charge is not published | ₹64.90 | ₹590.00 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹141.60 less at Bajaj Broking; a DP charge is not published | ₹778.80 | ₹424.80 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, ₹0 for a basic services demat account at Kotak Securities (Kotak Neo).
- Equity delivery brokerage: ₹20 per order at Bajaj Broking, 0.20% at Kotak Securities (Kotak Neo).
- DP charge on selling shares: ₹35 or 0.0002% of the value, whichever is higher, plus taxes at Bajaj Broking, not stated at Kotak Securities (Kotak Neo).
The same at both: account opening, Mainboard IPOs and SME IPOs.
Bajaj Broking vs Kotak Securities (Kotak Neo): charges side by side
Differs 4 of 7 charges differ between Bajaj Broking and Kotak Securities (Kotak Neo). Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bajaj Broking | Kotak Securities (Kotak Neo) |
|---|---|---|
| Open an account | ||
| Account opening | Nil | ₹0 on the Trade Free plan (₹99 one time on Trade Free Youth, for under 30s) |
| Demat maintenance (AMC) | Nil, but the Freedom Pack subscription is ₹431 a year from the second year (free in the first) | ₹0 for a basic services demat account (BSDA) with holdings up to ₹4 lakh; other AMC not stated on the pricing page |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes, on Kotak Neo with UPI |
| SME IPOs | Yes. SME IPOs are listed with an Apply Now option | Yes. Kotak Neo says SME IPOs can be applied for in its current IPO section with UPI |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 per order (Professional Pack: ₹10, for ₹2,500 a year) | 0.20% (Trade Free Pro: 0.10%; Trade Free Youth: ₹0) |
| 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 | INZ000200137 |
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 Kotak Securities (Kotak Neo) pages.
Bajaj Broking and Kotak Securities (Kotak Neo) 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.
Kotak Securities (Kotak Neo)
Strengths
- ₹10 intraday and F&O
- SME IPOs
- Lower MTF on Pro
Worth checking
- Delivery is a percentage
0.20% on the default plan with no cap stated: ₹30 on a ₹15,000 sale.
- DP charge and AMC not on the pricing page
Check them before you sell IPO shares.
Brokerage calculator: Bajaj Broking vs Kotak Securities (Kotak Neo)
| Charge | Bajaj Broking | Kotak Securities (Kotak Neo) |
|---|
Ours, with NSE rates. Change the trade to see what Bajaj Broking and Kotak Securities (Kotak Neo) would each charge.
Other comparisons
Every comparison with Bajaj Broking or Kotak Securities (Kotak Neo), or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bajaj Broking or Kotak Securities (Kotak Neo)?
Kotak Securities (Kotak Neo) 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 ₹11.80 less at Bajaj Broking (our calculation). For two SME lots worth ₹2,50,000: Bajaj Broking ₹64.90, Kotak Securities (Kotak Neo) ₹590.00 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between Bajaj Broking and Kotak Securities (Kotak Neo) be over a year?
Not in full, because Kotak Securities (Kotak Neo) does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹141.60 less at Bajaj Broking (our calculation).
Can I apply for SME IPOs on Bajaj Broking and Kotak Securities (Kotak Neo)?
Both let you apply for SME IPOs.
What is the demat AMC at Bajaj Broking and Kotak Securities (Kotak Neo)?
Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second…. Kotak Securities (Kotak Neo): ₹0 for a basic services demat account.
What brokerage do Bajaj Broking and Kotak Securities (Kotak Neo) 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 ₹35.40 at Kotak Securities (Kotak Neo) (our calculation from their published rates).