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
Mirae Asset SharekhanSEBI INZ000171337
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹400/yr
- SME IPOs
- Not stated
- Delivery brokerage
- 0.30%
- Cost to sell ₹15,000 of IPO shares
- ₹53.10Brokerage and DP with GST, ours
Where Geojit and Mirae Asset Sharekhan differ
3 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Geojit | Mirae Asset Sharekhan |
|---|---|---|
| One mainboard lot, ₹15,000Same brokerage at both; a DP charge is not published | ₹53.10 brokerage; DP charge not published | ₹53.10 |
| Two SME lots, ₹2,50,000Same brokerage at both; a DP charge is not published | ₹885.00 brokerage; DP charge not published | ₹885.00 |
| A year: 12 mainboard lots soldSame brokerage at both; a DP charge is not published | ₹637.20 brokerage; DP charge not published | ₹637.20 |
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, ₹400 a year, free for the first year at Mirae Asset Sharekhan.
- DP charge on selling shares: not stated at Geojit, Nil when sold through Mirae Asset Sharekhan at Mirae Asset Sharekhan.
The same at both: account opening, Equity delivery brokerage, Mainboard IPOs and SME IPOs.
Geojit vs Mirae Asset Sharekhan: charges side by side
Differs 3 of 7 charges differ between Geojit and Mirae Asset Sharekhan. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Geojit | Mirae Asset Sharekhan |
|---|---|---|
| Open an account | ||
| Account opening | Nil | ₹0 |
| Demat maintenance (AMC) | Not stated on the pages we checked | ₹400 a year, free for the first year |
| 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% | 0.30% of trade value (minimum 1 paisa a share) |
| DP charge on selling shares | Not stated on the pages we checked | Nil when sold through Mirae Asset Sharekhan |
| Registration | ||
| SEBI registration | INZ000318938 | INZ000171337 |
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 Mirae Asset Sharekhan pages.
Geojit and Mirae Asset Sharekhan 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.
Mirae Asset Sharekhan
Strengths
- No DP charge on sales
- Free call and trade
- Research and branches
Worth checking
- Percentage brokerage on delivery
0.30% with no cap: ₹45 on a ₹15,000 sale.
- Options per lot
₹39 per lot each side.
- MTF at 18%
Margin trading interest is 18% a year.
Brokerage calculator: Geojit vs Mirae Asset Sharekhan
Other comparisons
Every comparison with Geojit or Mirae Asset Sharekhan, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Geojit or Mirae Asset Sharekhan?
Geojit does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. For two SME lots worth ₹2,50,000: Geojit ₹885.00 brokerage; DP charge not published, Mirae Asset Sharekhan ₹885.00 (our calculation, brokerage and DP charge with GST).
How much would the difference between Geojit and Mirae Asset Sharekhan be over a year?
Not in full, because Geojit does not publish its DP charge.
Can I apply for SME IPOs on Geojit and Mirae Asset Sharekhan?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Geojit and Mirae Asset Sharekhan?
Geojit: not stated. Mirae Asset Sharekhan: ₹400 a year, free for the first year.
What DP charge do Geojit and Mirae Asset Sharekhan take when I sell IPO shares?
For one sale of ₹15,000, with GST: Geojit does not publish it; ₹0.00 at Mirae Asset Sharekhan (our calculation). It is charged on each sale from your demat account.