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
m.StockSEBI INZ000163138
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹10/order
- Cost to sell ₹15,000 of IPO shares
- ₹33.04Brokerage and DP with GST, ours
Where Bajaj Broking and m.Stock differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bajaj Broking | m.Stock |
|---|---|---|
| One mainboard lot, ₹15,000₹31.86 less at m.Stock | ₹64.90 | ₹33.04 |
| Two SME lots, ₹2,50,000₹31.86 less at m.Stock | ₹64.90 | ₹33.04 |
| A year: 12 mainboard lots sold₹382.32 less at m.Stock | ₹778.80 | ₹396.48 |
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 m.Stock.
- Equity delivery brokerage: ₹20 per order at Bajaj Broking, ₹10 per order at m.Stock.
- DP charge on selling shares: ₹35 or 0.0002% of the value, whichever is higher, plus taxes at Bajaj Broking, ₹18 plus GST per debit transaction at m.Stock.
- SME IPOs: Yes. SME IPOs are listed with an Apply Now option at Bajaj Broking, not stated at m.Stock.
The same at both: account opening and Mainboard IPOs.
Bajaj Broking vs m.Stock: charges side by side
Differs 5 of 7 charges differ between Bajaj Broking and m.Stock. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bajaj Broking | m.Stock |
|---|---|---|
| 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, with a two-click application |
| 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) | ₹10 per order |
| DP charge on selling shares | ₹35 or 0.0002% of the value, whichever is higher, plus taxes | ₹18 plus GST per debit transaction |
| Registration | ||
| SEBI registration | INZ000218931 | INZ000163138 |
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 m.Stock pages.
Bajaj Broking and m.Stock 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.
m.Stock
Strengths
- ₹10 per order
- ₹0 AMC
- Free call and trade
Worth checking
- System square-off is costly
₹100 plus GST per order if m.Stock squares off your intraday position.
- DP charge
₹18 plus GST per sale.
Brokerage calculator: Bajaj Broking vs m.Stock
| Charge | Bajaj Broking | m.Stock |
|---|
Ours, with NSE rates. Change the trade to see what Bajaj Broking and m.Stock would each charge.
Other comparisons
Every comparison with Bajaj Broking or m.Stock, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bajaj Broking or m.Stock?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹33.04 in broker charges at m.Stock and ₹64.90 at Bajaj Broking (our calculation). For two SME lots worth ₹2,50,000: Bajaj Broking ₹64.90, m.Stock ₹33.04 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bajaj Broking and m.Stock be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, m.Stock costs ₹382.32 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…; m.Stock: ₹0.
Can I apply for SME IPOs on Bajaj Broking and m.Stock?
Bajaj Broking lets you apply for SME IPOs; m.Stock does not say so on the pages we checked.
What is the demat AMC at Bajaj Broking and m.Stock?
Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second…. m.Stock: ₹0.
What brokerage do Bajaj Broking and m.Stock 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 ₹11.80 at m.Stock (our calculation from their published rates).