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
ZerodhaSEBI INZ000031633
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹300/yr + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹15.34Brokerage and DP with GST, ours
Where Bajaj Broking and Zerodha differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bajaj Broking | Zerodha |
|---|---|---|
| One mainboard lot, ₹15,000₹49.56 less at Zerodha | ₹64.90 | ₹15.34 |
| Two SME lots, ₹2,50,000₹49.56 less at Zerodha | ₹64.90 | ₹15.34 |
| A year: 12 mainboard lots sold₹594.72 less at Zerodha | ₹778.80 | ₹184.08 |
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 in the first year for resident individuals, then ₹300 a year plus… at Zerodha.
- Equity delivery brokerage: ₹20 per order at Bajaj Broking, ₹0 at Zerodha.
- DP charge on selling shares: ₹35 or 0.0002% of the value, whichever is higher, plus taxes at Bajaj Broking, ₹13 plus GST per scrip at Zerodha.
The same at both: account opening, Mainboard IPOs and SME IPOs.
Bajaj Broking vs Zerodha: charges side by side
Differs 4 of 7 charges differ between Bajaj Broking and Zerodha. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bajaj Broking | Zerodha |
|---|---|---|
| Open an account | ||
| Account opening | Nil | ₹0 for individual accounts (₹500 for NRI, partnership, LLP and corporate accounts) |
| Demat maintenance (AMC) | Nil, but the Freedom Pack subscription is ₹431 a year from the second year (free in the first) | Free in the first year for resident individuals, then ₹300 a year plus GST, charged quarterly |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes, through Kite or Console with a UPI mandate |
| SME IPOs | Yes. SME IPOs are listed with an Apply Now option | Yes, NSE and BSE SME IPOs through UPI. Only one bid per SME IPO, and no net banking fallback if the UPI payment fails |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 per order (Professional Pack: ₹10, for ₹2,500 a year) | ₹0 |
| DP charge on selling shares | ₹35 or 0.0002% of the value, whichever is higher, plus taxes | ₹13 plus GST per scrip (₹3.50 CDSL, ₹9.50 Zerodha); ₹15.34 with GST |
| Registration | ||
| SEBI registration | INZ000218931 | INZ000031633 |
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 Zerodha pages.
Bajaj Broking and Zerodha 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.
Zerodha
Strengths
- ₹0 brokerage on delivery
- Lower DP charge
- SME IPOs on both exchanges
Worth checking
- AMC after the first year
₹300 a year plus GST for a regular demat account.
- SME IPO limits
One bid per SME IPO, and if the UPI payment fails you cannot apply by net banking.
- Dealer orders cost extra
₹50 per order through call and trade or auto square-off.
Brokerage calculator: Bajaj Broking vs Zerodha
| Charge | Bajaj Broking | Zerodha |
|---|
Ours, with NSE rates. Change the trade to see what Bajaj Broking and Zerodha would each charge.
Other comparisons
- Angel One vs Zerodha
- Groww vs Zerodha
- ICICI Direct vs Zerodha
- Upstox vs Zerodha
- PhonePe Invest (Share.Market) vs Zerodha
- Sahi vs Zerodha
Every comparison with Bajaj Broking or Zerodha, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bajaj Broking or Zerodha?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹15.34 in broker charges at Zerodha and ₹64.90 at Bajaj Broking (our calculation). For two SME lots worth ₹2,50,000: Bajaj Broking ₹64.90, Zerodha ₹15.34 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bajaj Broking and Zerodha be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Zerodha costs ₹594.72 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…; Zerodha: Free in the first year for resident individuals, then ₹300 a year plus….
Can I apply for SME IPOs on Bajaj Broking and Zerodha?
Both let you apply for SME IPOs.
What is the demat AMC at Bajaj Broking and Zerodha?
Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second…. Zerodha: Free in the first year for resident individuals, then ₹300 a year plus….
What brokerage do Bajaj Broking and Zerodha 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 ₹0.00 at Zerodha (our calculation from their published rates).