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
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 FYERS and Mirae Asset Sharekhan differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | FYERS | Mirae Asset Sharekhan |
|---|---|---|
| One mainboard lot, ₹15,000₹14.75 less at FYERS | ₹38.35 | ₹53.10 |
| Two SME lots, ₹2,50,000₹846.65 less at FYERS | ₹38.35 | ₹885.00 |
| A year: 12 mainboard lots sold₹177.00 less at FYERS | ₹460.20 | ₹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 trading and demat accounts at FYERS, ₹400 a year, free for the first year at Mirae Asset Sharekhan.
- Equity delivery brokerage: ₹20 or 0.3% per executed order, whichever is lower at FYERS, 0.30% of trade value at Mirae Asset Sharekhan.
- DP charge on selling shares: ₹12.50 plus GST per scrip at FYERS, Nil when sold through Mirae Asset Sharekhan at Mirae Asset Sharekhan.
- SME IPOs: The help page lists applications by type at FYERS, not stated at Mirae Asset Sharekhan.
The same at both: account opening and Mainboard IPOs.
FYERS vs Mirae Asset Sharekhan: charges side by side
Differs 5 of 7 charges differ between FYERS and Mirae Asset Sharekhan. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | FYERS | Mirae Asset Sharekhan |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 for trading and demat accounts | ₹400 a year, free for the first 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%) | 0.30% of trade value (minimum 1 paisa a share) |
| DP charge on selling shares | ₹12.50 plus GST per scrip (ISIN) | Nil when sold through Mirae Asset Sharekhan |
| Registration | ||
| SEBI registration | INZ000008524 | 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 FYERS and Mirae Asset Sharekhan pages.
FYERS and Mirae Asset Sharekhan 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.
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: FYERS vs Mirae Asset Sharekhan
Other comparisons
Every comparison with FYERS or Mirae Asset Sharekhan, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, FYERS or Mirae Asset Sharekhan?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹38.35 in broker charges at FYERS and ₹53.10 at Mirae Asset Sharekhan (our calculation). For two SME lots worth ₹2,50,000: FYERS ₹38.35, Mirae Asset Sharekhan ₹885.00 (our calculation, brokerage and DP charge with GST).
How much would the difference between FYERS and Mirae Asset Sharekhan be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, FYERS costs ₹177.00 less in broker charges (our calculation). Add the yearly AMC: FYERS: ₹0 for trading and demat accounts; Mirae Asset Sharekhan: ₹400 a year, free for the first year.
Can I apply for SME IPOs on FYERS and Mirae Asset Sharekhan?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at FYERS and Mirae Asset Sharekhan?
FYERS: ₹0 for trading and demat accounts. Mirae Asset Sharekhan: ₹400 a year, free for the first year.
What brokerage do FYERS 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 ₹23.60 at FYERS and ₹53.10 at Mirae Asset Sharekhan (our calculation from their published rates).