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
ProStocksSEBI INZ000048660
- Account opening
- ₹0
- Demat AMC
- ₹0 (₹1,000 deposit)
- SME IPOs
- Not stated
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹23.60Brokerage and DP with GST, ours
Where Bajaj Broking and ProStocks differ
7 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bajaj Broking | ProStocks |
|---|---|---|
| One mainboard lot, ₹15,000₹41.30 less at ProStocks | ₹64.90 | ₹23.60 |
| Two SME lots, ₹2,50,000₹41.30 less at ProStocks | ₹64.90 | ₹23.60 |
| A year: 12 mainboard lots sold₹495.60 less at ProStocks | ₹778.80 | ₹283.20 |
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.
- Account opening: Nil at Bajaj Broking, No fee listed at ProStocks.
- Demat maintenance (AMC): Nil, but the Freedom Pack subscription is ₹431 a year from the second… at Bajaj Broking, None at ProStocks.
- Equity delivery brokerage: ₹20 per order at Bajaj Broking, ₹0 at ProStocks.
- DP charge on selling shares: ₹35 or 0.0002% of the value, whichever is higher, plus taxes at Bajaj Broking, ₹20 per scrip plus 18% GST at ProStocks.
- Mainboard IPOs: Yes at Bajaj Broking, not stated at ProStocks.
- SME IPOs: Yes. SME IPOs are listed with an Apply Now option at Bajaj Broking, not stated at ProStocks.
Bajaj Broking vs ProStocks: charges side by side
Differs 7 of 7 charges differ between Bajaj Broking and ProStocks. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bajaj Broking | ProStocks |
|---|---|---|
| Open an account | ||
| Account opening | Nil | No fee listed (online application) |
| Demat maintenance (AMC) | Nil, but the Freedom Pack subscription is ₹431 a year from the second year (free in the first) | None; ₹1,000 refundable demat deposit |
| 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) | ₹0 (flat fee plan) |
| DP charge on selling shares | ₹35 or 0.0002% of the value, whichever is higher, plus taxes | ₹20 per scrip plus 18% GST |
| Registration | ||
| SEBI registration | INZ000218931 | INZ000048660 |
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 ProStocks pages.
Bajaj Broking and ProStocks 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.
ProStocks
Strengths
- ₹0 delivery brokerage
- No AMC
- Cheap dealer orders
Worth checking
- Refundable deposit
₹1,000 demat deposit.
- IPO access not stated
The pricing page does not mention IPO applications.
Brokerage calculator: Bajaj Broking vs ProStocks
| Charge | Bajaj Broking | ProStocks |
|---|
Ours, with NSE rates. Change the trade to see what Bajaj Broking and ProStocks would each charge.
Other comparisons
Every comparison with Bajaj Broking or ProStocks, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bajaj Broking or ProStocks?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹23.60 in broker charges at ProStocks and ₹64.90 at Bajaj Broking (our calculation). For two SME lots worth ₹2,50,000: Bajaj Broking ₹64.90, ProStocks ₹23.60 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bajaj Broking and ProStocks be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, ProStocks costs ₹495.60 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…; ProStocks: None.
Can I apply for SME IPOs on Bajaj Broking and ProStocks?
Bajaj Broking lets you apply for SME IPOs; ProStocks does not say so on the pages we checked.
Is account opening free at Bajaj Broking and ProStocks?
Bajaj Broking: Nil. ProStocks: No fee listed.
What is the demat AMC at Bajaj Broking and ProStocks?
Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second…. ProStocks: None.