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
PhonePe Invest (Share.Market)SEBI INZ000302639
- Account opening
- Not stated
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 0.05%, lower
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where Geojit and PhonePe Invest (Share.Market) differ
3 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Geojit | PhonePe Invest (Share.Market) |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹44.25 less at PhonePe Invest (Share.Market); a DP charge is not published | ₹53.10 brokerage; DP charge not published | ₹8.85 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Brokerage ₹861.40 less at PhonePe Invest (Share.Market); a DP charge is not published | ₹885.00 brokerage; DP charge not published | ₹23.60 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹531.00 less at PhonePe Invest (Share.Market); a DP charge is not published | ₹637.20 brokerage; DP charge not published | ₹106.20 brokerage; DP charge 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, not stated at PhonePe Invest (Share.Market).
- Equity delivery brokerage: 0.30% at Geojit, ₹20 or 0.05% per executed order, whichever is lower at PhonePe Invest (Share.Market).
The same at both: demat maintenance (AMC), DP charge on selling shares, Mainboard IPOs and SME IPOs.
Geojit vs PhonePe Invest (Share.Market): charges side by side
Differs 3 of 7 charges differ between Geojit and PhonePe Invest (Share.Market). Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Geojit | PhonePe Invest (Share.Market) |
|---|---|---|
| Open an account | ||
| Account opening | Nil | Not stated on the pages we checked |
| Demat maintenance (AMC) | Not stated on the pages we checked | Not stated on the pages we checked |
| 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% | ₹20 or 0.05% per executed order, whichever is lower |
| DP charge on selling shares | Not stated on the pages we checked | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000318938 | INZ000302639 |
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 PhonePe Invest (Share.Market) pages.
Geojit and PhonePe Invest (Share.Market) 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.
PhonePe Invest (Share.Market)
Strengths
- Low cap on small orders
Worth checking
- Account and DP charges not on the tariff page
The tariff page we read lists no account opening, AMC or DP charge.
- Dealer orders
₹30 extra per order for call and trade or auto square-off.
Brokerage calculator: Geojit vs PhonePe Invest (Share.Market)
| Charge | Geojit | PhonePe Invest (Share.Market) |
|---|
Ours, with NSE rates. Change the trade to see what Geojit and PhonePe Invest (Share.Market) would each charge.
Other comparisons
- Groww vs PhonePe Invest (Share.Market)
- PhonePe Invest (Share.Market) vs Zerodha
- m.Stock vs PhonePe Invest (Share.Market)
- PhonePe Invest (Share.Market) vs Rupeezy
- PhonePe Invest (Share.Market) vs Sahi
Every comparison with Geojit or PhonePe Invest (Share.Market), or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Geojit or PhonePe Invest (Share.Market)?
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 ₹44.25 less at PhonePe Invest (Share.Market) (our calculation). For two SME lots worth ₹2,50,000: Geojit ₹885.00 brokerage; DP charge not published, PhonePe Invest (Share.Market) ₹23.60 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between Geojit and PhonePe Invest (Share.Market) 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 ₹531.00 less at PhonePe Invest (Share.Market) (our calculation).
Can I apply for SME IPOs on Geojit and PhonePe Invest (Share.Market)?
Neither says clearly on its pages that SME IPOs can be applied for.
Is account opening free at Geojit and PhonePe Invest (Share.Market)?
Geojit: Nil. PhonePe Invest (Share.Market): not stated.
What brokerage do Geojit and PhonePe Invest (Share.Market) 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 ₹8.85 at PhonePe Invest (Share.Market) (our calculation from their published rates).