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
INDmoneySEBI INZ000305337
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- No
- Delivery brokerage
- ₹20 or 0.1%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹39.53Brokerage and DP with GST, ours
Where Geojit and INDmoney differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Geojit | INDmoney |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹35.40 less at INDmoney; a DP charge is not published | ₹53.10 brokerage; DP charge not published | ₹39.53 |
| Two SME lots, ₹2,50,000Brokerage ₹861.40 less at INDmoney; a DP charge is not published | ₹885.00 brokerage; DP charge not published | ₹45.43 |
| A year: 12 mainboard lots soldBrokerage ₹424.80 less at INDmoney; a DP charge is not published | ₹637.20 brokerage; DP charge not published | ₹474.36 |
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 at INDmoney.
- Equity delivery brokerage: 0.30% at Geojit, 0.1% or ₹20 per executed order, whichever is lower, minimum ₹2 at INDmoney.
- DP charge on selling shares: not stated at Geojit, ₹18.50 plus GST per ISIN at INDmoney.
- SME IPOs: not stated at Geojit, Not yet. INDmoney says it does not currently support SME IPOs at INDmoney.
The same at both: account opening and Mainboard IPOs.
Geojit vs INDmoney: charges side by side
Differs 5 of 7 charges differ between Geojit and INDmoney. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Geojit | INDmoney |
|---|---|---|
| Open an account | ||
| Account opening | Nil | ₹0 |
| Demat maintenance (AMC) | Not stated on the pages we checked | ₹0 |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes |
| SME IPOs | Not stated on the pages we checked | Not yet. INDmoney says it does not currently support SME IPOs |
| Sell your IPO shares | ||
| Equity delivery brokerage | 0.30% | 0.1% or ₹20 per executed order, whichever is lower, minimum ₹2 |
| DP charge on selling shares | Not stated on the pages we checked | ₹18.50 plus GST per ISIN (₹3.50 CDSL and ₹15 INDstocks; ₹3.25 and ₹15.25 for women) |
| Registration | ||
| SEBI registration | INZ000318938 | INZ000305337 |
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 INDmoney pages.
Geojit and INDmoney 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.
INDmoney
Strengths
- ₹0 AMC and account opening
- Low minimum brokerage
Worth checking
- Desk orders are expensive
₹500 per order through the trading desk.
- DP charge
₹18.50 plus GST per sale.
- No SME IPOs yet
INDmoney says SME IPO applications are not supported at the moment.
Brokerage calculator: Geojit vs INDmoney
| Charge | Geojit | INDmoney |
|---|
Ours, with NSE rates. Change the trade to see what Geojit and INDmoney would each charge.
Other comparisons
Every comparison with Geojit or INDmoney, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Geojit or INDmoney?
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 ₹35.40 less at INDmoney (our calculation). For two SME lots worth ₹2,50,000: Geojit ₹885.00 brokerage; DP charge not published, INDmoney ₹45.43 (our calculation, brokerage and DP charge with GST).
How much would the difference between Geojit and INDmoney 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 ₹424.80 less at INDmoney (our calculation).
Can I apply for SME IPOs on Geojit and INDmoney?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Geojit and INDmoney?
Geojit: not stated. INDmoney: ₹0.
What brokerage do Geojit and INDmoney 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 ₹17.70 at INDmoney (our calculation from their published rates).