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
Mirae Asset SharekhanSEBI INZ000171337
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹400/yr
- SME IPOs
- Not stated
- Delivery brokerage
- 0.30%
- Cost to sell ₹15,000 of IPO shares
- ₹53.10Brokerage and DP with GST, ours
Where Dhan and Mirae Asset Sharekhan differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Dhan | Mirae Asset Sharekhan |
|---|---|---|
| One mainboard lot, ₹15,000₹38.35 less at Dhan | ₹14.75 | ₹53.10 |
| Two SME lots, ₹2,50,000₹870.25 less at Dhan | ₹14.75 | ₹885.00 |
| A year: 12 mainboard lots sold₹460.20 less at Dhan | ₹177.00 | ₹637.20 |
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.
- Demat maintenance (AMC): ₹0 for individuals and HUFs at Dhan, ₹400 a year, free for the first year at Mirae Asset Sharekhan.
- Equity delivery brokerage: ₹0 at Dhan, 0.30% of trade value at Mirae Asset Sharekhan.
- DP charge on selling shares: ₹12.50 plus GST per instruction per ISIN at Dhan, Nil when sold through Mirae Asset Sharekhan at Mirae Asset Sharekhan.
- SME IPOs: Yes, SME IPOs can be applied for with mobile UPI at Dhan, not stated at Mirae Asset Sharekhan.
The same at both: account opening and Mainboard IPOs.
Dhan vs Mirae Asset Sharekhan: charges side by side
Differs 5 of 7 charges differ between Dhan and Mirae Asset Sharekhan. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Dhan | Mirae Asset Sharekhan |
|---|---|---|
| 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) | ₹400 a year, free for the first year |
| 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% of trade value (minimum 1 paisa a share) |
| DP charge on selling shares | ₹12.50 plus GST per instruction per ISIN | Nil when sold through Mirae Asset Sharekhan |
| Registration | ||
| SEBI registration | INZ000006031 | INZ000171337 |
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 Mirae Asset Sharekhan pages.
Dhan and Mirae Asset Sharekhan 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.
Mirae Asset Sharekhan
Strengths
- No DP charge on sales
- Free call and trade
- Research and branches
Worth checking
- Percentage brokerage on delivery
0.30% with no cap: ₹45 on a ₹15,000 sale.
- Options per lot
₹39 per lot each side.
- MTF at 18%
Margin trading interest is 18% a year.
Brokerage calculator: Dhan vs Mirae Asset Sharekhan
Other comparisons
Every comparison with Dhan or Mirae Asset Sharekhan, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Dhan or Mirae Asset Sharekhan?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹14.75 in broker charges at Dhan and ₹53.10 at Mirae Asset Sharekhan (our calculation). For two SME lots worth ₹2,50,000: Dhan ₹14.75, Mirae Asset Sharekhan ₹885.00 (our calculation, brokerage and DP charge with GST).
How much would the difference between Dhan and Mirae Asset Sharekhan be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Dhan costs ₹460.20 less in broker charges (our calculation). Add the yearly AMC: Dhan: ₹0 for individuals and HUFs; Mirae Asset Sharekhan: ₹400 a year, free for the first year.
Can I apply for SME IPOs on Dhan and Mirae Asset Sharekhan?
Dhan lets you apply for SME IPOs; Mirae Asset Sharekhan does not say so on the pages we checked.
What is the demat AMC at Dhan and Mirae Asset Sharekhan?
Dhan: ₹0 for individuals and HUFs. Mirae Asset Sharekhan: ₹400 a year, free for the first year.
What brokerage do Dhan and Mirae Asset Sharekhan 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 Mirae Asset Sharekhan (our calculation from their published rates).