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
ZerodhaSEBI INZ000031633
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹300/yr + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹15.34Brokerage and DP with GST, ours
Where FYERS and Zerodha differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | FYERS | Zerodha |
|---|---|---|
| One mainboard lot, ₹15,000₹23.01 less at Zerodha | ₹38.35 | ₹15.34 |
| Two SME lots, ₹2,50,000₹23.01 less at Zerodha | ₹38.35 | ₹15.34 |
| A year: 12 mainboard lots sold₹276.12 less at Zerodha | ₹460.20 | ₹184.08 |
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, Free in the first year for resident individuals, then ₹300 a year plus… at Zerodha.
- Equity delivery brokerage: ₹20 or 0.3% per executed order, whichever is lower at FYERS, ₹0 at Zerodha.
- DP charge on selling shares: ₹12.50 plus GST per scrip at FYERS, ₹13 plus GST per scrip at Zerodha.
- SME IPOs: The help page lists applications by type at FYERS, Yes, NSE and BSE SME IPOs through UPI. Only one bid per SME IPO, and… at Zerodha.
The same at both: account opening and Mainboard IPOs.
FYERS vs Zerodha: charges side by side
Differs 5 of 7 charges differ between FYERS and Zerodha. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | FYERS | Zerodha |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 for individual accounts (₹500 for NRI, partnership, LLP and corporate accounts) |
| Demat maintenance (AMC) | ₹0 for trading and demat accounts | Free in the first year for resident individuals, then ₹300 a year plus GST, charged quarterly |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, on the FYERS web and mobile platforms, with ₹0 brokerage | Yes, through Kite or Console with a UPI mandate |
| SME IPOs | The help page lists applications by type (mainboard or SME) in the IPO section | Yes, NSE and BSE SME IPOs through UPI. Only one bid per SME IPO, and no net banking fallback if the UPI payment fails |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.3% per executed order, whichever is lower (Prime: ₹15 or 0.3%) | ₹0 |
| DP charge on selling shares | ₹12.50 plus GST per scrip (ISIN) | ₹13 plus GST per scrip (₹3.50 CDSL, ₹9.50 Zerodha); ₹15.34 with GST |
| Registration | ||
| SEBI registration | INZ000008524 | INZ000031633 |
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 Zerodha pages.
FYERS and Zerodha 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.
Zerodha
Strengths
- ₹0 brokerage on delivery
- Lower DP charge
- SME IPOs on both exchanges
Worth checking
- AMC after the first year
₹300 a year plus GST for a regular demat account.
- SME IPO limits
One bid per SME IPO, and if the UPI payment fails you cannot apply by net banking.
- Dealer orders cost extra
₹50 per order through call and trade or auto square-off.
Brokerage calculator: FYERS vs Zerodha
| Charge | FYERS | Zerodha |
|---|
Ours, with NSE rates. Change the trade to see what FYERS and Zerodha would each charge.
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Every comparison with FYERS or Zerodha, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, FYERS or Zerodha?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹15.34 in broker charges at Zerodha and ₹38.35 at FYERS (our calculation). For two SME lots worth ₹2,50,000: FYERS ₹38.35, Zerodha ₹15.34 (our calculation, brokerage and DP charge with GST).
How much would the difference between FYERS and Zerodha be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Zerodha costs ₹276.12 less in broker charges (our calculation). Add the yearly AMC: FYERS: ₹0 for trading and demat accounts; Zerodha: Free in the first year for resident individuals, then ₹300 a year plus….
Can I apply for SME IPOs on FYERS and Zerodha?
Zerodha lets you apply for SME IPOs; FYERS does not say so on the pages we checked.
What is the demat AMC at FYERS and Zerodha?
FYERS: ₹0 for trading and demat accounts. Zerodha: Free in the first year for resident individuals, then ₹300 a year plus….
What brokerage do FYERS and Zerodha 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 ₹0.00 at Zerodha (our calculation from their published rates).