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
IIFL CapitalSEBI INZ000164132
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹250/yr + GST
- SME IPOs
- Not stated
- Delivery brokerage
- 0.25%
- Cost to sell ₹15,000 of IPO shares
- ₹73.75Brokerage and DP with GST, ours
Where FYERS and IIFL Capital differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | FYERS | IIFL Capital |
|---|---|---|
| One mainboard lot, ₹15,000₹35.40 less at FYERS | ₹38.35 | ₹73.75 |
| Two SME lots, ₹2,50,000₹728.65 less at FYERS | ₹38.35 | ₹767.00 |
| A year: 12 mainboard lots sold₹424.80 less at FYERS | ₹460.20 | ₹885.00 |
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 trading and demat accounts at FYERS, ₹0 in the first year, then ₹250 plus GST a year at IIFL Capital.
- Equity delivery brokerage: ₹20 or 0.3% per executed order, whichever is lower at FYERS, 0.25% at IIFL Capital.
- DP charge on selling shares: ₹12.50 plus GST per scrip at FYERS, ₹25 plus GST per scrip at IIFL Capital.
- SME IPOs: The help page lists applications by type at FYERS, not stated at IIFL Capital.
The same at both: account opening and Mainboard IPOs.
FYERS vs IIFL Capital: charges side by side
Differs 5 of 7 charges differ between FYERS and IIFL Capital. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | FYERS | IIFL Capital |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 for trading and demat accounts | ₹0 in the first year, then ₹250 plus GST a year |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, on the FYERS web and mobile platforms, with ₹0 brokerage | Yes |
| SME IPOs | The help page lists applications by type (mainboard or SME) in the IPO section | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.3% per executed order, whichever is lower (Prime: ₹15 or 0.3%) | 0.25% |
| DP charge on selling shares | ₹12.50 plus GST per scrip (ISIN) | ₹25 plus GST per scrip |
| Registration | ||
| SEBI registration | INZ000008524 | INZ000164132 |
For other trading, equity intraday, Futures and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the FYERS and IIFL Capital pages.
FYERS and IIFL Capital strengths and things worth checking
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.
IIFL Capital
Strengths
- Full-service support
- Lower AMC
Worth checking
- Percentage brokerage on delivery
0.25% with no cap: ₹37.50 on a ₹15,000 sale.
- DP charge
₹25 plus GST per sale.
- System square-off
₹100 per order.
Brokerage calculator: FYERS vs IIFL Capital
| Charge | FYERS | IIFL Capital |
|---|
Ours, with NSE rates. Change the trade to see what FYERS and IIFL Capital would each charge.
Other comparisons
Every comparison with FYERS or IIFL Capital, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, FYERS or IIFL Capital?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹38.35 in broker charges at FYERS and ₹73.75 at IIFL Capital (our calculation). For two SME lots worth ₹2,50,000: FYERS ₹38.35, IIFL Capital ₹767.00 (our calculation, brokerage and DP charge with GST).
How much would the difference between FYERS and IIFL Capital be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, FYERS costs ₹424.80 less in broker charges (our calculation). Add the yearly AMC: FYERS: ₹0 for trading and demat accounts; IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year.
Can I apply for SME IPOs on FYERS and IIFL Capital?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at FYERS and IIFL Capital?
FYERS: ₹0 for trading and demat accounts. IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year.
What brokerage do FYERS and IIFL Capital charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹23.60 at FYERS and ₹44.25 at IIFL Capital (our calculation from their published rates).