DhanSEBI INZ000006031
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Yes
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹14.75Brokerage and DP with GST, ours
FYERSSEBI INZ000008524
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 0.3%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹38.35Brokerage and DP with GST, ours
Where Dhan and FYERS differ
3 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Dhan | FYERS |
|---|---|---|
| One mainboard lot, ₹15,000₹23.60 less at Dhan | ₹14.75 | ₹38.35 |
| Two SME lots, ₹2,50,000₹23.60 less at Dhan | ₹14.75 | ₹38.35 |
| A year: 12 mainboard lots sold₹283.20 less at Dhan | ₹177.00 | ₹460.20 |
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.
- Equity delivery brokerage: ₹0 at Dhan, ₹20 or 0.3% per executed order, whichever is lower at FYERS.
- SME IPOs: Yes, SME IPOs can be applied for with mobile UPI at Dhan, The help page lists applications by type at FYERS.
The same at both: account opening, Demat maintenance (AMC), DP charge on selling shares and Mainboard IPOs.
Dhan vs FYERS: charges side by side
Differs 3 of 7 charges differ between Dhan and FYERS. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Dhan | FYERS |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 for individuals and HUFs | ₹0 |
| Demat maintenance (AMC) | ₹0 for individuals and HUFs (₹800 plus GST for NRIs, companies, LLPs, firms and trusts) | ₹0 for trading and demat accounts |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, free, with UPI | Yes, on the FYERS web and mobile platforms, with ₹0 brokerage |
| SME IPOs | Yes, SME IPOs can be applied for with mobile UPI | The help page lists applications by type (mainboard or SME) in the IPO section |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹0 | ₹20 or 0.3% per executed order, whichever is lower (Prime: ₹15 or 0.3%) |
| DP charge on selling shares | ₹12.50 plus GST per instruction per ISIN | ₹12.50 plus GST per scrip (ISIN) |
| Registration | ||
| SEBI registration | INZ000006031 | INZ000008524 |
For other trading, futures and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the Dhan and FYERS pages.
Dhan and FYERS strengths and things worth checking
Dhan
Strengths
- ₹0 brokerage on delivery
- Low DP charge
- ₹0 AMC and account opening
Worth checking
- Dealer orders cost extra
Call and trade is ₹50 plus GST per order.
- MTF rate rises with size
From 12.49% a year, up to 15.49% on larger amounts.
FYERS
Strengths
- ₹0 AMC and account opening
- IPO applications free
- Low DP charge
Worth checking
- Brokerage on delivery
Up to ₹20 per order (₹15 on Prime).
- MTF on small amounts
16.49% a year on funding up to ₹1 lakh.
Brokerage calculator: Dhan vs FYERS
| Charge | Dhan | FYERS |
|---|
Ours, with NSE rates. Change the trade to see what Dhan and FYERS would each charge.
Other comparisons
Every comparison with Dhan or FYERS, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Dhan or FYERS?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹14.75 in broker charges at Dhan and ₹38.35 at FYERS (our calculation). For two SME lots worth ₹2,50,000: Dhan ₹14.75, FYERS ₹38.35 (our calculation, brokerage and DP charge with GST).
How much would the difference between Dhan and FYERS be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Dhan costs ₹283.20 less in broker charges (our calculation). Add the yearly AMC: Dhan: ₹0 for individuals and HUFs; FYERS: ₹0 for trading and demat accounts.
Can I apply for SME IPOs on Dhan and FYERS?
Dhan lets you apply for SME IPOs; FYERS does not say so on the pages we checked.
What brokerage do Dhan and FYERS charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹0.00 at Dhan and ₹23.60 at FYERS (our calculation from their published rates).