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
SahiSEBI INZ000317632
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹10 or 0.05%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹24.78Brokerage and DP with GST, ours
Where Dhan and Sahi differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Dhan | Sahi |
|---|---|---|
| One mainboard lot, ₹15,000₹10.03 less at Dhan | ₹14.75 | ₹24.78 |
| Two SME lots, ₹2,50,000₹12.98 less at Dhan | ₹14.75 | ₹27.73 |
| A year: 12 mainboard lots sold₹120.36 less at Dhan | ₹177.00 | ₹297.36 |
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, ₹10 or 0.05% per order, whichever is lower at Sahi.
- DP charge on selling shares: ₹12.50 plus GST per instruction per ISIN at Dhan, ₹13.50 per company at Sahi.
- SME IPOs: Yes, SME IPOs can be applied for with mobile UPI at Dhan, not stated at Sahi.
The same at both: account opening, Demat maintenance (AMC) and Mainboard IPOs.
Dhan vs Sahi: charges side by side
Differs 4 of 7 charges differ between Dhan and Sahi. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Dhan | Sahi |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 for individuals and HUFs | Free |
| Demat maintenance (AMC) | ₹0 for individuals and HUFs (₹800 plus GST for NRIs, companies, LLPs, firms and trusts) | Free |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, free, with UPI | Yes, free |
| 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 | ₹10 or 0.05% per order, whichever is lower |
| DP charge on selling shares | ₹12.50 plus GST per instruction per ISIN | ₹13.50 per company (GST not stated; we add 18% in our calculation) |
| Registration | ||
| SEBI registration | INZ000006031 | INZ000317632 |
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 Sahi pages.
Dhan and Sahi 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.
Sahi
Strengths
- ₹10 cap
- ₹0 AMC and account opening
- IPOs free
Worth checking
- Newer broker
Registered with SEBI in 2024.
- DP charge
₹13.50 per sale.
Brokerage calculator: Dhan vs Sahi
| Charge | Dhan | Sahi |
|---|
Ours, with NSE rates. Change the trade to see what Dhan and Sahi would each charge.
Other comparisons
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Every comparison with Dhan or Sahi, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Dhan or Sahi?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹14.75 in broker charges at Dhan and ₹24.78 at Sahi (our calculation). For two SME lots worth ₹2,50,000: Dhan ₹14.75, Sahi ₹27.73 (our calculation, brokerage and DP charge with GST).
How much would the difference between Dhan and Sahi be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Dhan costs ₹120.36 less in broker charges (our calculation). Add the yearly AMC: Dhan: ₹0 for individuals and HUFs; Sahi: Free.
Can I apply for SME IPOs on Dhan and Sahi?
Dhan lets you apply for SME IPOs; Sahi does not say so on the pages we checked.
What brokerage do Dhan and Sahi 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 ₹8.85 at Sahi (our calculation from their published rates).
What DP charge do Dhan and Sahi take when I sell IPO shares?
For one sale of ₹15,000, with GST: ₹14.75 at Dhan; ₹15.93 at Sahi (our calculation). It is charged on each sale from your demat account.