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
m.StockSEBI INZ000163138
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹10/order
- Cost to sell ₹15,000 of IPO shares
- ₹33.04Brokerage and DP with GST, ours
Where Geojit and m.Stock differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Geojit | m.Stock |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹41.30 less at m.Stock; a DP charge is not published | ₹53.10 brokerage; DP charge not published | ₹33.04 |
| Two SME lots, ₹2,50,000Brokerage ₹873.20 less at m.Stock; a DP charge is not published | ₹885.00 brokerage; DP charge not published | ₹33.04 |
| A year: 12 mainboard lots soldBrokerage ₹495.60 less at m.Stock; a DP charge is not published | ₹637.20 brokerage; DP charge not published | ₹396.48 |
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 m.Stock.
- Equity delivery brokerage: 0.30% at Geojit, ₹10 per order at m.Stock.
- DP charge on selling shares: not stated at Geojit, ₹18 plus GST per debit transaction at m.Stock.
The same at both: account opening, Mainboard IPOs and SME IPOs.
Geojit vs m.Stock: charges side by side
Differs 4 of 7 charges differ between Geojit and m.Stock. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Geojit | m.Stock |
|---|---|---|
| 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, with a two-click application |
| 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% | ₹10 per order |
| DP charge on selling shares | Not stated on the pages we checked | ₹18 plus GST per debit transaction |
| Registration | ||
| SEBI registration | INZ000318938 | INZ000163138 |
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 m.Stock pages.
Geojit and m.Stock 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.
m.Stock
Strengths
- ₹10 per order
- ₹0 AMC
- Free call and trade
Worth checking
- System square-off is costly
₹100 plus GST per order if m.Stock squares off your intraday position.
- DP charge
₹18 plus GST per sale.
Brokerage calculator: Geojit vs m.Stock
| Charge | Geojit | m.Stock |
|---|
Ours, with NSE rates. Change the trade to see what Geojit and m.Stock would each charge.
Other comparisons
Every comparison with Geojit or m.Stock, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Geojit or m.Stock?
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 ₹41.30 less at m.Stock (our calculation). For two SME lots worth ₹2,50,000: Geojit ₹885.00 brokerage; DP charge not published, m.Stock ₹33.04 (our calculation, brokerage and DP charge with GST).
How much would the difference between Geojit and m.Stock 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 ₹495.60 less at m.Stock (our calculation).
Can I apply for SME IPOs on Geojit and m.Stock?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Geojit and m.Stock?
Geojit: not stated. m.Stock: ₹0.
What brokerage do Geojit and m.Stock 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 ₹11.80 at m.Stock (our calculation from their published rates).