GeojitSEBI INZ000318938
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- 0.30%
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
HDFC Securities (HDFC Sky)SEBI INZ000186937
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹240/yr + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹20 or 2.5%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹47.20Brokerage and DP with GST, ours
Where Geojit and HDFC Securities (HDFC Sky) differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Geojit | HDFC Securities (HDFC Sky) |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹29.50 less at HDFC Securities (HDFC Sky); a DP charge is not published | ₹53.10 brokerage; DP charge not published | ₹47.20 |
| Two SME lots, ₹2,50,000Brokerage ₹861.40 less at HDFC Securities (HDFC Sky); a DP charge is not published | ₹885.00 brokerage; DP charge not published | ₹47.20 |
| A year: 12 mainboard lots soldBrokerage ₹354.00 less at HDFC Securities (HDFC Sky); a DP charge is not published | ₹637.20 brokerage; DP charge not published | ₹566.40 |
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): not stated at Geojit, ₹0 for the first year, then ₹20 a month plus GST at HDFC Securities (HDFC Sky).
- Equity delivery brokerage: 0.30% at Geojit, ₹20 or 2.5% per order, whichever is lower at HDFC Securities (HDFC Sky).
- DP charge on selling shares: not stated at Geojit, ₹20 per scrip at HDFC Securities (HDFC Sky).
- SME IPOs: not stated at Geojit, Yes. HDFC Sky says you can apply for SME IPOs in one click at HDFC Securities (HDFC Sky).
The same at both: account opening and Mainboard IPOs.
Geojit vs HDFC Securities (HDFC Sky): charges side by side
Differs 5 of 7 charges differ between Geojit and HDFC Securities (HDFC Sky). Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Geojit | HDFC Securities (HDFC Sky) |
|---|---|---|
| Open an account | ||
| Account opening | Nil | Free |
| Demat maintenance (AMC) | Not stated on the pages we checked | ₹0 for the first year, then ₹20 a month plus GST (basic services demat accounts under ₹50,000: ₹0) |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes, on HDFC Sky |
| SME IPOs | Not stated on the pages we checked | Yes. HDFC Sky says you can apply for SME IPOs in one click |
| Sell your IPO shares | ||
| Equity delivery brokerage | 0.30% | ₹20 or 2.5% per order, whichever is lower |
| DP charge on selling shares | Not stated on the pages we checked | ₹20 per scrip (the support page does not say whether GST is extra; we add 18% in our calculation) |
| Registration | ||
| SEBI registration | INZ000318938 | INZ000186937 |
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 Geojit and HDFC Securities (HDFC Sky) pages.
Geojit and HDFC Securities (HDFC Sky) strengths and things worth checking
Geojit
Strengths
- Full-service support
Worth checking
- Percentage brokerage on delivery
0.30% with no cap: ₹45 on a ₹15,000 sale.
- AMC and DP charge not on the pricing page
Check them before you open an account.
HDFC Securities (HDFC Sky)
Strengths
- Flat ₹20 cap
- SME IPOs
- ₹0 account opening
Worth checking
- AMC after year one
₹20 a month plus GST from the second year.
- Two MTF rates published
The pricing page says 1% a month and the support page says 15% a year. Confirm before you use margin funding.
- DP charge
₹20 per sale.
Brokerage calculator: Geojit vs HDFC Securities (HDFC Sky)
| Charge | Geojit | HDFC Securities (HDFC Sky) |
|---|
Ours, with NSE rates. Change the trade to see what Geojit and HDFC Securities (HDFC Sky) would each charge.
Other comparisons
Every comparison with Geojit or HDFC Securities (HDFC Sky), or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Geojit or HDFC Securities (HDFC Sky)?
Geojit does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. On brokerage alone, one mainboard lot (₹15,000) costs ₹29.50 less at HDFC Securities (HDFC Sky) (our calculation). For two SME lots worth ₹2,50,000: Geojit ₹885.00 brokerage; DP charge not published, HDFC Securities (HDFC Sky) ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between Geojit and HDFC Securities (HDFC Sky) be over a year?
Not in full, because Geojit does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹354.00 less at HDFC Securities (HDFC Sky) (our calculation).
Can I apply for SME IPOs on Geojit and HDFC Securities (HDFC Sky)?
HDFC Securities (HDFC Sky) lets you apply for SME IPOs; Geojit does not say so on the pages we checked.
What is the demat AMC at Geojit and HDFC Securities (HDFC Sky)?
Geojit: not stated. HDFC Securities (HDFC Sky): ₹0 for the first year, then ₹20 a month plus GST.
What brokerage do Geojit and HDFC Securities (HDFC Sky) charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹53.10 at Geojit and ₹23.60 at HDFC Securities (HDFC Sky) (our calculation from their published rates).