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
JainamSEBI INZ000198735
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 (DIY) or 0.4%
- Cost to sell ₹15,000 of IPO shares
- ₹44.84Brokerage and DP with GST, ours
Where Geojit and Jainam differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Geojit | Jainam |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹29.50 less at Jainam; a DP charge is not published | ₹53.10 brokerage; DP charge not published | ₹44.84 |
| Two SME lots, ₹2,50,000Brokerage ₹861.40 less at Jainam; a DP charge is not published | ₹885.00 brokerage; DP charge not published | ₹44.84 |
| A year: 12 mainboard lots soldBrokerage ₹354.00 less at Jainam; a DP charge is not published | ₹637.20 brokerage; DP charge not published | ₹538.08 |
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.
- Equity delivery brokerage: 0.30% at Geojit, DIY: ₹20 per order at Jainam.
- DP charge on selling shares: not stated at Geojit, DIY: ₹18 per scrip at Jainam.
- Mainboard IPOs: Yes at Geojit, not stated at Jainam.
The same at both: account opening, Demat maintenance (AMC) and SME IPOs.
Geojit vs Jainam: charges side by side
Differs 4 of 7 charges differ between Geojit and Jainam. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Geojit | Jainam |
|---|---|---|
| Open an account | ||
| Account opening | Nil | ₹0 online |
| Demat maintenance (AMC) | Not stated on the pages we checked | Not stated on the pages we checked |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Not stated on the pages we checked |
| 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% | DIY: ₹20 per order; Premium: 0.4% |
| DP charge on selling shares | Not stated on the pages we checked | DIY: ₹18 per scrip; Premium: ₹25 per request plus GST |
| Registration | ||
| SEBI registration | INZ000318938 | INZ000198735 |
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 Jainam pages.
Geojit and Jainam 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.
Jainam
Strengths
- Two plans
Worth checking
- Premium delivery is 0.4%
₹60 on a ₹15,000 sale on the Premium plan. Our calculator uses the DIY plan.
- DIY dealer orders cost ₹70
Plus ₹20 brokerage and GST.
Brokerage calculator: Geojit vs Jainam
| Charge | Geojit | Jainam |
|---|
Ours, with NSE rates. Change the trade to see what Geojit and Jainam would each charge.
Other comparisons
Every comparison with Geojit or Jainam, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Geojit or Jainam?
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 Jainam (our calculation). For two SME lots worth ₹2,50,000: Geojit ₹885.00 brokerage; DP charge not published, Jainam ₹44.84 (our calculation, brokerage and DP charge with GST).
How much would the difference between Geojit and Jainam 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 Jainam (our calculation).
Can I apply for SME IPOs on Geojit and Jainam?
Neither says clearly on its pages that SME IPOs can be applied for.
What brokerage do Geojit and Jainam 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 Jainam (our calculation from their published rates).
What DP charge do Geojit and Jainam take when I sell IPO shares?
For one sale of ₹15,000, with GST: Geojit does not publish it; ₹21.24 at Jainam (our calculation). It is charged on each sale from your demat account.