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
SahiSEBI INZ000317632
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹10 or 0.05%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹24.78Brokerage and DP with GST, ours
Where Geojit and Sahi differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Geojit | Sahi |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹44.25 less at Sahi; a DP charge is not published | ₹53.10 brokerage; DP charge not published | ₹24.78 |
| Two SME lots, ₹2,50,000Brokerage ₹873.20 less at Sahi; a DP charge is not published | ₹885.00 brokerage; DP charge not published | ₹27.73 |
| A year: 12 mainboard lots soldBrokerage ₹531.00 less at Sahi; a DP charge is not published | ₹637.20 brokerage; DP charge not published | ₹297.36 |
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, Free at Sahi.
- Equity delivery brokerage: 0.30% at Geojit, ₹10 or 0.05% per order, whichever is lower at Sahi.
- DP charge on selling shares: not stated at Geojit, ₹13.50 per company at Sahi.
The same at both: account opening, Mainboard IPOs and SME IPOs.
Geojit vs Sahi: charges side by side
Differs 4 of 7 charges differ between Geojit and Sahi. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Geojit | Sahi |
|---|---|---|
| Open an account | ||
| Account opening | Nil | Free |
| Demat maintenance (AMC) | Not stated on the pages we checked | Free |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes, free |
| 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 or 0.05% per order, whichever is lower |
| DP charge on selling shares | Not stated on the pages we checked | ₹13.50 per company (GST not stated; we add 18% in our calculation) |
| Registration | ||
| SEBI registration | INZ000318938 | INZ000317632 |
For other trading, equity intraday and Futures differ too. Intraday, futures, call and trade and margin charges are on the Geojit and Sahi pages.
Geojit and Sahi 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.
Sahi
Strengths
- ₹10 cap
- ₹0 AMC and account opening
- IPOs free
Worth checking
- Newer broker
Registered with SEBI in 2024.
- DP charge
₹13.50 per sale.
Brokerage calculator: Geojit vs Sahi
| Charge | Geojit | Sahi |
|---|
Ours, with NSE rates. Change the trade to see what Geojit and Sahi would each charge.
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Every comparison with Geojit or Sahi, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Geojit or Sahi?
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 Sahi (our calculation). For two SME lots worth ₹2,50,000: Geojit ₹885.00 brokerage; DP charge not published, Sahi ₹27.73 (our calculation, brokerage and DP charge with GST).
How much would the difference between Geojit and Sahi 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 Sahi (our calculation).
Can I apply for SME IPOs on Geojit and Sahi?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Geojit and Sahi?
Geojit: not stated. Sahi: Free.
What brokerage do Geojit and Sahi 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 Sahi (our calculation from their published rates).