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
Mirae Asset SharekhanSEBI INZ000171337
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹400/yr
- SME IPOs
- Not stated
- Delivery brokerage
- 0.30%
- Cost to sell ₹15,000 of IPO shares
- ₹53.10Brokerage and DP with GST, ours
Where Bajaj Broking and Mirae Asset Sharekhan differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bajaj Broking | Mirae Asset Sharekhan |
|---|---|---|
| One mainboard lot, ₹15,000₹11.80 less at Mirae Asset Sharekhan | ₹64.90 | ₹53.10 |
| Two SME lots, ₹2,50,000₹820.10 less at Bajaj Broking | ₹64.90 | ₹885.00 |
| A year: 12 mainboard lots sold₹141.60 less at Mirae Asset Sharekhan | ₹778.80 | ₹637.20 |
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.
- Demat maintenance (AMC): Nil, but the Freedom Pack subscription is ₹431 a year from the second… at Bajaj Broking, ₹400 a year, free for the first year at Mirae Asset Sharekhan.
- Equity delivery brokerage: ₹20 per order at Bajaj Broking, 0.30% of trade value at Mirae Asset Sharekhan.
- DP charge on selling shares: ₹35 or 0.0002% of the value, whichever is higher, plus taxes at Bajaj Broking, Nil when sold through Mirae Asset Sharekhan at Mirae Asset Sharekhan.
- SME IPOs: Yes. SME IPOs are listed with an Apply Now option at Bajaj Broking, not stated at Mirae Asset Sharekhan.
The same at both: account opening and Mainboard IPOs.
Bajaj Broking vs Mirae Asset Sharekhan: charges side by side
Differs 5 of 7 charges differ between Bajaj Broking and Mirae Asset Sharekhan. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bajaj Broking | Mirae Asset Sharekhan |
|---|---|---|
| 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) | ₹400 a year, free for the first year |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes |
| 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) | 0.30% of trade value (minimum 1 paisa a share) |
| DP charge on selling shares | ₹35 or 0.0002% of the value, whichever is higher, plus taxes | Nil when sold through Mirae Asset Sharekhan |
| Registration | ||
| SEBI registration | INZ000218931 | INZ000171337 |
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 Mirae Asset Sharekhan pages.
Bajaj Broking and Mirae Asset Sharekhan 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.
Mirae Asset Sharekhan
Strengths
- No DP charge on sales
- Free call and trade
- Research and branches
Worth checking
- Percentage brokerage on delivery
0.30% with no cap: ₹45 on a ₹15,000 sale.
- Options per lot
₹39 per lot each side.
- MTF at 18%
Margin trading interest is 18% a year.
Brokerage calculator: Bajaj Broking vs Mirae Asset Sharekhan
Other comparisons
Every comparison with Bajaj Broking or Mirae Asset Sharekhan, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bajaj Broking or Mirae Asset Sharekhan?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹53.10 in broker charges at Mirae Asset Sharekhan and ₹64.90 at Bajaj Broking (our calculation). For two SME lots worth ₹2,50,000: Bajaj Broking ₹64.90, Mirae Asset Sharekhan ₹885.00 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bajaj Broking and Mirae Asset Sharekhan be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Mirae Asset Sharekhan costs ₹141.60 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…; Mirae Asset Sharekhan: ₹400 a year, free for the first year.
Can I apply for SME IPOs on Bajaj Broking and Mirae Asset Sharekhan?
Bajaj Broking lets you apply for SME IPOs; Mirae Asset Sharekhan does not say so on the pages we checked.
What is the demat AMC at Bajaj Broking and Mirae Asset Sharekhan?
Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second…. Mirae Asset Sharekhan: ₹400 a year, free for the first year.
What brokerage do Bajaj Broking and Mirae Asset Sharekhan 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 ₹53.10 at Mirae Asset Sharekhan (our calculation from their published rates).