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
JainamSEBI INZ000198735
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 (DIY) or 0.4%
- Cost to sell ₹15,000 of IPO shares
- ₹44.84Brokerage and DP with GST, ours
Where Dhan and Jainam differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Dhan | Jainam |
|---|---|---|
| One mainboard lot, ₹15,000₹30.09 less at Dhan | ₹14.75 | ₹44.84 |
| Two SME lots, ₹2,50,000₹30.09 less at Dhan | ₹14.75 | ₹44.84 |
| A year: 12 mainboard lots sold₹361.08 less at Dhan | ₹177.00 | ₹538.08 |
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): ₹0 for individuals and HUFs at Dhan, not stated at Jainam.
- Equity delivery brokerage: ₹0 at Dhan, DIY: ₹20 per order at Jainam.
- DP charge on selling shares: ₹12.50 plus GST per instruction per ISIN at Dhan, DIY: ₹18 per scrip at Jainam.
- Mainboard IPOs: Yes, free, with UPI at Dhan, not stated at Jainam.
- SME IPOs: Yes, SME IPOs can be applied for with mobile UPI at Dhan, not stated at Jainam.
The same at both: account opening.
Dhan vs Jainam: charges side by side
Differs 6 of 7 charges differ between Dhan and Jainam. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Dhan | Jainam |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 for individuals and HUFs | ₹0 online |
| 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 | Not stated on the pages we checked |
| 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 | DIY: ₹20 per order; Premium: 0.4% |
| DP charge on selling shares | ₹12.50 plus GST per instruction per ISIN | DIY: ₹18 per scrip; Premium: ₹25 per request plus GST |
| Registration | ||
| SEBI registration | INZ000006031 | INZ000198735 |
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 Jainam pages.
Dhan and Jainam 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.
Jainam
Strengths
- Two plans
Worth checking
- Premium delivery is 0.4%
₹60 on a ₹15,000 sale on the Premium plan. Our calculator uses the DIY plan.
- DIY dealer orders cost ₹70
Plus ₹20 brokerage and GST.
Brokerage calculator: Dhan vs Jainam
| Charge | Dhan | Jainam |
|---|
Ours, with NSE rates. Change the trade to see what Dhan and Jainam would each charge.
Other comparisons
Every comparison with Dhan or Jainam, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Dhan or Jainam?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹14.75 in broker charges at Dhan and ₹44.84 at Jainam (our calculation). For two SME lots worth ₹2,50,000: Dhan ₹14.75, Jainam ₹44.84 (our calculation, brokerage and DP charge with GST).
How much would the difference between Dhan and Jainam be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Dhan costs ₹361.08 less in broker charges (our calculation). Add the yearly AMC: Dhan: ₹0 for individuals and HUFs; Jainam: not stated.
Can I apply for SME IPOs on Dhan and Jainam?
Dhan lets you apply for SME IPOs; Jainam does not say so on the pages we checked.
What is the demat AMC at Dhan and Jainam?
Dhan: ₹0 for individuals and HUFs. Jainam: not stated.
What brokerage do Dhan and Jainam 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 Jainam (our calculation from their published rates).