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
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 Dhan and Geojit differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Dhan | Geojit |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹53.10 less at Dhan; a DP charge is not published | ₹14.75 | ₹53.10 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Brokerage ₹885.00 less at Dhan; a DP charge is not published | ₹14.75 | ₹885.00 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹637.20 less at Dhan; a DP charge is not published | ₹177.00 | ₹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): ₹0 for individuals and HUFs at Dhan, not stated at Geojit.
- Equity delivery brokerage: ₹0 at Dhan, 0.30% at Geojit.
- DP charge on selling shares: ₹12.50 plus GST per instruction per ISIN at Dhan, not stated at Geojit.
- SME IPOs: Yes, SME IPOs can be applied for with mobile UPI at Dhan, not stated at Geojit.
The same at both: account opening and Mainboard IPOs.
Dhan vs Geojit: charges side by side
Differs 5 of 7 charges differ between Dhan and Geojit. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Dhan | Geojit |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 for individuals and HUFs | Nil |
| Demat maintenance (AMC) | ₹0 for individuals and HUFs (₹800 plus GST for NRIs, companies, LLPs, firms and trusts) | Not stated on the pages we checked |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, free, with UPI | Yes |
| SME IPOs | Yes, SME IPOs can be applied for with mobile UPI | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹0 | 0.30% |
| DP charge on selling shares | ₹12.50 plus GST per instruction per ISIN | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000006031 | INZ000318938 |
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 Dhan and Geojit pages.
Dhan and Geojit 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.
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: Dhan vs Geojit
| Charge | Dhan | Geojit |
|---|
Ours, with NSE rates. Change the trade to see what Dhan and Geojit would each charge.
Other comparisons
Every comparison with Dhan or Geojit, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Dhan 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 ₹53.10 less at Dhan (our calculation). For two SME lots worth ₹2,50,000: Dhan ₹14.75, Geojit ₹885.00 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between Dhan 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 ₹637.20 less at Dhan (our calculation).
Can I apply for SME IPOs on Dhan and Geojit?
Dhan lets you apply for SME IPOs; Geojit does not say so on the pages we checked.
What is the demat AMC at Dhan and Geojit?
Dhan: ₹0 for individuals and HUFs. Geojit: not stated.
What brokerage do Dhan 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 ₹0.00 at Dhan and ₹53.10 at Geojit (our calculation from their published rates).