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
ICICI DirectSEBI INZ000183631
- Account opening
- ₹0 to ₹975
- Demat AMC
- ₹0 year 1, then ₹700/yr
- SME IPOs
- Yes
- Delivery brokerage
- Depends on plan
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where Geojit and ICICI Direct differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Geojit | ICICI Direct |
|---|---|---|
| One mainboard lot, ₹15,000Difference not worked out: a charge is not published | ₹53.10 brokerage; DP charge not published | Not published |
| Two SME lots, ₹2,50,000Difference not worked out: a charge is not published | ₹885.00 brokerage; DP charge not published | Not published |
| A year: 12 mainboard lots soldDifference not worked out: a charge is not published | ₹637.20 brokerage; DP charge not published | Not published |
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.
- Account opening: Nil at Geojit, ₹0 to ₹975, depending on the account type at ICICI Direct.
- Demat maintenance (AMC): not stated at Geojit, ₹0 in the first year, ₹700 plus taxes from the second year at ICICI Direct.
- Equity delivery brokerage: 0.30% at Geojit, Depends on the plan at ICICI Direct.
- SME IPOs: not stated at Geojit, Yes, the SME IPO page links to applying through UPI at ICICI Direct.
The same at both: dP charge on selling shares and Mainboard IPOs.
Geojit vs ICICI Direct: charges side by side
Differs 5 of 7 charges differ between Geojit and ICICI Direct. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Geojit | ICICI Direct |
|---|---|---|
| Open an account | ||
| Account opening | Nil | ₹0 to ₹975, depending on the account type |
| Demat maintenance (AMC) | Not stated on the pages we checked | ₹0 in the first year, ₹700 plus taxes from the second year |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes, on ICICI Direct with UPI, or through ICICI Bank net banking (ASBA) |
| SME IPOs | Not stated on the pages we checked | Yes, the SME IPO page links to applying through UPI |
| Sell your IPO shares | ||
| Equity delivery brokerage | 0.30% | Depends on the plan; not stated on the page we checked. Prime plans say "as low as 0.07%" |
| DP charge on selling shares | Not stated on the pages we checked | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000318938 | INZ000183631 |
For other trading, equity intraday and Futures differ too. Intraday, futures, call and trade and margin charges are on the Geojit and ICICI Direct pages.
Geojit and ICICI Direct 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.
ICICI Direct
Strengths
- Bank-linked
- ₹0 futures brokerage on Neo
Worth checking
- Higher AMC
₹700 plus taxes a year from the second year.
- Account opening fee
Up to ₹975, depending on the account type.
- Delivery and DP charges not on the page
Ask ICICI Direct for the delivery brokerage and DP charge on your plan before you sell IPO shares.
Brokerage calculator: Geojit vs ICICI Direct
| Charge | Geojit | ICICI Direct |
|---|
Ours, with NSE rates. Change the trade to see what Geojit and ICICI Direct would each charge.
Other comparisons
Every comparison with Geojit or ICICI Direct, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Geojit or ICICI Direct?
Geojit does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. For two SME lots worth ₹2,50,000: Geojit ₹885.00 brokerage; DP charge not published, ICICI Direct Not published (our calculation, brokerage and DP charge with GST).
How much would the difference between Geojit and ICICI Direct be over a year?
Not in full, because Geojit does not publish its DP charge.
Can I apply for SME IPOs on Geojit and ICICI Direct?
ICICI Direct lets you apply for SME IPOs; Geojit does not say so on the pages we checked.
Is account opening free at Geojit and ICICI Direct?
Geojit: Nil. ICICI Direct: ₹0 to ₹975, depending on the account type.
What is the demat AMC at Geojit and ICICI Direct?
Geojit: not stated. ICICI Direct: ₹0 in the first year, ₹700 plus taxes from the second year.