ChoiceSEBI INZ000160131
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹200/yr + GST
- SME IPOs
- Not stated
- Delivery brokerage
- 0.20% or ₹20, lower
- Cost to sell ₹15,000 of IPO shares
- ₹35.40Brokerage and DP with GST, ours
GeojitSEBI INZ000318938
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- 0.30%
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where Choice and Geojit differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Choice | Geojit |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹29.50 less at Choice; a DP charge is not published | ₹35.40 | ₹53.10 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Brokerage ₹861.40 less at Choice; a DP charge is not published | ₹35.40 | ₹885.00 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹354.00 less at Choice; a DP charge is not published | ₹424.80 | ₹637.20 brokerage; DP charge not published |
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): Free in the first year, then ₹200 plus GST a year at Choice, not stated at Geojit.
- Equity delivery brokerage: 0.20% at Choice, 0.30% at Geojit.
- DP charge on selling shares: ₹10 plus GST per instruction at Choice, not stated at Geojit.
The same at both: account opening, Mainboard IPOs and SME IPOs.
Choice vs Geojit: charges side by side
Differs 4 of 7 charges differ between Choice and Geojit. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Choice | Geojit |
|---|---|---|
| Open an account | ||
| Account opening | Free | Nil |
| Demat maintenance (AMC) | Free in the first year, then ₹200 plus GST a year | Not stated on the pages we checked |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, free | Yes |
| SME IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | 0.20% (the FAQ says 0.20% or ₹20, whichever is lower) | 0.30% |
| DP charge on selling shares | ₹10 plus GST per instruction | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000160131 | INZ000318938 |
For other trading, equity intraday, Futures and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the Choice and Geojit pages.
Choice and Geojit strengths and things worth checking
Choice
Strengths
- Low DP charge
- Low AMC
- Free auto square-off
Worth checking
- Page has conflicting figures
Options brokerage and pledge charges differ between the table and the text. Confirm with Choice.
- MTF at 18%
Margin trading interest is 18% a year.
Geojit
Strengths
- Full-service support
Worth checking
- Percentage brokerage on delivery
0.30% with no cap: ₹45 on a ₹15,000 sale.
- AMC and DP charge not on the pricing page
Check them before you open an account.
Brokerage calculator: Choice vs Geojit
| Charge | Choice | Geojit |
|---|
Ours, with NSE rates. Change the trade to see what Choice and Geojit would each charge.
Other comparisons
Every comparison with Choice or Geojit, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Choice or Geojit?
Geojit does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. On brokerage alone, one mainboard lot (₹15,000) costs ₹29.50 less at Choice (our calculation). For two SME lots worth ₹2,50,000: Choice ₹35.40, Geojit ₹885.00 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between Choice and Geojit be over a year?
Not in full, because Geojit does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹354.00 less at Choice (our calculation).
Can I apply for SME IPOs on Choice and Geojit?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Choice and Geojit?
Choice: Free in the first year, then ₹200 plus GST a year. Geojit: not stated.
What brokerage do Choice and Geojit 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 Choice and ₹53.10 at Geojit (our calculation from their published rates).