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
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 FYERS and Sahi differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | FYERS | Sahi |
|---|---|---|
| One mainboard lot, ₹15,000₹13.57 less at Sahi | ₹38.35 | ₹24.78 |
| Two SME lots, ₹2,50,000₹10.62 less at Sahi | ₹38.35 | ₹27.73 |
| A year: 12 mainboard lots sold₹162.84 less at Sahi | ₹460.20 | ₹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: ₹20 or 0.3% per executed order, whichever is lower at FYERS, ₹10 or 0.05% per order, whichever is lower at Sahi.
- DP charge on selling shares: ₹12.50 plus GST per scrip at FYERS, ₹13.50 per company at Sahi.
- SME IPOs: The help page lists applications by type at FYERS, not stated at Sahi.
The same at both: account opening, Demat maintenance (AMC) and Mainboard IPOs.
FYERS vs Sahi: charges side by side
Differs 4 of 7 charges differ between FYERS and Sahi. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | FYERS | Sahi |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Free |
| Demat maintenance (AMC) | ₹0 for trading and demat accounts | Free |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, on the FYERS web and mobile platforms, with ₹0 brokerage | Yes, free |
| 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%) | ₹10 or 0.05% per order, whichever is lower |
| DP charge on selling shares | ₹12.50 plus GST per scrip (ISIN) | ₹13.50 per company (GST not stated; we add 18% in our calculation) |
| Registration | ||
| SEBI registration | INZ000008524 | 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 FYERS and Sahi pages.
FYERS and Sahi 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.
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: FYERS vs Sahi
| Charge | FYERS | Sahi |
|---|
Ours, with NSE rates. Change the trade to see what FYERS and Sahi would each charge.
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Every comparison with FYERS or Sahi, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, FYERS or Sahi?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹24.78 in broker charges at Sahi and ₹38.35 at FYERS (our calculation). For two SME lots worth ₹2,50,000: FYERS ₹38.35, Sahi ₹27.73 (our calculation, brokerage and DP charge with GST).
How much would the difference between FYERS and Sahi be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Sahi costs ₹162.84 less in broker charges (our calculation). Add the yearly AMC: FYERS: ₹0 for trading and demat accounts; Sahi: Free.
Can I apply for SME IPOs on FYERS and Sahi?
Neither says clearly on its pages that SME IPOs can be applied for.
What brokerage do FYERS 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 ₹23.60 at FYERS and ₹8.85 at Sahi (our calculation from their published rates).
What DP charge do FYERS and Sahi take when I sell IPO shares?
For one sale of ₹15,000, with GST: ₹14.75 at FYERS; ₹15.93 at Sahi (our calculation). It is charged on each sale from your demat account.