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
SahiSEBI INZ000317632
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹10 or 0.05%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹24.78Brokerage and DP with GST, ours
Where Bajaj Broking and Sahi differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bajaj Broking | Sahi |
|---|---|---|
| One mainboard lot, ₹15,000₹40.12 less at Sahi | ₹64.90 | ₹24.78 |
| Two SME lots, ₹2,50,000₹37.17 less at Sahi | ₹64.90 | ₹27.73 |
| A year: 12 mainboard lots sold₹481.44 less at Sahi | ₹778.80 | ₹297.36 |
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, Free at Sahi.
- Equity delivery brokerage: ₹20 per order at Bajaj Broking, ₹10 or 0.05% per order, whichever is lower at Sahi.
- DP charge on selling shares: ₹35 or 0.0002% of the value, whichever is higher, plus taxes at Bajaj Broking, ₹13.50 per company at Sahi.
- SME IPOs: Yes. SME IPOs are listed with an Apply Now option at Bajaj Broking, not stated at Sahi.
The same at both: account opening and Mainboard IPOs.
Bajaj Broking vs Sahi: charges side by side
Differs 5 of 7 charges differ between Bajaj Broking and Sahi. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bajaj Broking | Sahi |
|---|---|---|
| Open an account | ||
| Account opening | Nil | Free |
| Demat maintenance (AMC) | Nil, but the Freedom Pack subscription is ₹431 a year from the second year (free in the first) | Free |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes, free |
| 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 or 0.05% per order, whichever is lower |
| DP charge on selling shares | ₹35 or 0.0002% of the value, whichever is higher, plus taxes | ₹13.50 per company (GST not stated; we add 18% in our calculation) |
| Registration | ||
| SEBI registration | INZ000218931 | INZ000317632 |
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 Sahi pages.
Bajaj Broking and Sahi 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.
Sahi
Strengths
- ₹10 cap
- ₹0 AMC and account opening
- IPOs free
Worth checking
- Newer broker
Registered with SEBI in 2024.
- DP charge
₹13.50 per sale.
Brokerage calculator: Bajaj Broking vs Sahi
| Charge | Bajaj Broking | Sahi |
|---|
Ours, with NSE rates. Change the trade to see what Bajaj Broking and Sahi would each charge.
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Frequently asked questions
Which is cheaper for selling IPO shares, Bajaj Broking or Sahi?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹24.78 in broker charges at Sahi and ₹64.90 at Bajaj Broking (our calculation). For two SME lots worth ₹2,50,000: Bajaj Broking ₹64.90, Sahi ₹27.73 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bajaj Broking and Sahi be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Sahi costs ₹481.44 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…; Sahi: Free.
Can I apply for SME IPOs on Bajaj Broking and Sahi?
Bajaj Broking lets you apply for SME IPOs; Sahi does not say so on the pages we checked.
What is the demat AMC at Bajaj Broking and Sahi?
Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second…. Sahi: Free.
What brokerage do Bajaj Broking and Sahi 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 ₹8.85 at Sahi (our calculation from their published rates).