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
IIFL CapitalSEBI INZ000164132
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹250/yr + GST
- SME IPOs
- Not stated
- Delivery brokerage
- 0.25%
- Cost to sell ₹15,000 of IPO shares
- ₹73.75Brokerage and DP with GST, ours
Where Geojit and IIFL Capital differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Geojit | IIFL Capital |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹8.85 less at IIFL Capital; a DP charge is not published | ₹53.10 brokerage; DP charge not published | ₹73.75 |
| Two SME lots, ₹2,50,000Brokerage ₹147.50 less at IIFL Capital; a DP charge is not published | ₹885.00 brokerage; DP charge not published | ₹767.00 |
| A year: 12 mainboard lots soldBrokerage ₹106.20 less at IIFL Capital; a DP charge is not published | ₹637.20 brokerage; DP charge not published | ₹885.00 |
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 in the first year, then ₹250 plus GST a year at IIFL Capital.
- Equity delivery brokerage: 0.30% at Geojit, 0.25% at IIFL Capital.
- DP charge on selling shares: not stated at Geojit, ₹25 plus GST per scrip at IIFL Capital.
The same at both: account opening, Mainboard IPOs and SME IPOs.
Geojit vs IIFL Capital: charges side by side
Differs 4 of 7 charges differ between Geojit and IIFL Capital. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Geojit | IIFL Capital |
|---|---|---|
| Open an account | ||
| Account opening | Nil | ₹0 |
| Demat maintenance (AMC) | Not stated on the pages we checked | ₹0 in the first year, then ₹250 plus GST a year |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes |
| SME IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | 0.30% | 0.25% |
| DP charge on selling shares | Not stated on the pages we checked | ₹25 plus GST per scrip |
| Registration | ||
| SEBI registration | INZ000318938 | INZ000164132 |
For other trading, equity intraday, Futures and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the Geojit and IIFL Capital pages.
Geojit and IIFL Capital 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.
IIFL Capital
Strengths
- Full-service support
- Lower AMC
Worth checking
- Percentage brokerage on delivery
0.25% with no cap: ₹37.50 on a ₹15,000 sale.
- DP charge
₹25 plus GST per sale.
- System square-off
₹100 per order.
Brokerage calculator: Geojit vs IIFL Capital
| Charge | Geojit | IIFL Capital |
|---|
Ours, with NSE rates. Change the trade to see what Geojit and IIFL Capital would each charge.
Other comparisons
Every comparison with Geojit or IIFL Capital, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Geojit or IIFL Capital?
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 ₹8.85 less at IIFL Capital (our calculation). For two SME lots worth ₹2,50,000: Geojit ₹885.00 brokerage; DP charge not published, IIFL Capital ₹767.00 (our calculation, brokerage and DP charge with GST).
How much would the difference between Geojit and IIFL Capital 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 ₹106.20 less at IIFL Capital (our calculation).
Can I apply for SME IPOs on Geojit and IIFL Capital?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Geojit and IIFL Capital?
Geojit: not stated. IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year.
What brokerage do Geojit and IIFL Capital 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 ₹44.25 at IIFL Capital (our calculation from their published rates).