IIFL CapitalSEBI INZ000164132
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹250/yr + GST
- SME IPOs
- Not stated
- Delivery brokerage
- 0.25%
- Cost to sell ₹15,000 of IPO shares
- ₹73.75Brokerage and DP with GST, ours
INDmoneySEBI INZ000305337
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- No
- Delivery brokerage
- ₹20 or 0.1%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹39.53Brokerage and DP with GST, ours
Where IIFL Capital and INDmoney differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | IIFL Capital | INDmoney |
|---|---|---|
| One mainboard lot, ₹15,000₹34.22 less at INDmoney | ₹73.75 | ₹39.53 |
| Two SME lots, ₹2,50,000₹721.57 less at INDmoney | ₹767.00 | ₹45.43 |
| A year: 12 mainboard lots sold₹410.64 less at INDmoney | ₹885.00 | ₹474.36 |
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): ₹0 in the first year, then ₹250 plus GST a year at IIFL Capital, ₹0 at INDmoney.
- Equity delivery brokerage: 0.25% at IIFL Capital, 0.1% or ₹20 per executed order, whichever is lower, minimum ₹2 at INDmoney.
- DP charge on selling shares: ₹25 plus GST per scrip at IIFL Capital, ₹18.50 plus GST per ISIN at INDmoney.
- SME IPOs: not stated at IIFL Capital, Not yet. INDmoney says it does not currently support SME IPOs at INDmoney.
The same at both: account opening and Mainboard IPOs.
IIFL Capital vs INDmoney: charges side by side
Differs 5 of 7 charges differ between IIFL Capital and INDmoney. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | IIFL Capital | INDmoney |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 in the first year, then ₹250 plus GST a year | ₹0 |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes |
| SME IPOs | Not stated on the pages we checked | Not yet. INDmoney says it does not currently support SME IPOs |
| Sell your IPO shares | ||
| Equity delivery brokerage | 0.25% | 0.1% or ₹20 per executed order, whichever is lower, minimum ₹2 |
| DP charge on selling shares | ₹25 plus GST per scrip | ₹18.50 plus GST per ISIN (₹3.50 CDSL and ₹15 INDstocks; ₹3.25 and ₹15.25 for women) |
| Registration | ||
| SEBI registration | INZ000164132 | INZ000305337 |
For other trading, equity intraday, Futures and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the IIFL Capital and INDmoney pages.
IIFL Capital and INDmoney strengths and things worth checking
IIFL Capital
Strengths
- Full-service support
- Lower AMC
Worth checking
- Percentage brokerage on delivery
0.25% with no cap: ₹37.50 on a ₹15,000 sale.
- DP charge
₹25 plus GST per sale.
- System square-off
₹100 per order.
INDmoney
Strengths
- ₹0 AMC and account opening
- Low minimum brokerage
Worth checking
- Desk orders are expensive
₹500 per order through the trading desk.
- DP charge
₹18.50 plus GST per sale.
- No SME IPOs yet
INDmoney says SME IPO applications are not supported at the moment.
Brokerage calculator: IIFL Capital vs INDmoney
| Charge | IIFL Capital | INDmoney |
|---|
Ours, with NSE rates. Change the trade to see what IIFL Capital and INDmoney would each charge.
Other comparisons
Every comparison with IIFL Capital or INDmoney, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, IIFL Capital or INDmoney?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹39.53 in broker charges at INDmoney and ₹73.75 at IIFL Capital (our calculation). For two SME lots worth ₹2,50,000: IIFL Capital ₹767.00, INDmoney ₹45.43 (our calculation, brokerage and DP charge with GST).
How much would the difference between IIFL Capital and INDmoney be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, INDmoney costs ₹410.64 less in broker charges (our calculation). Add the yearly AMC: IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year; INDmoney: ₹0.
Can I apply for SME IPOs on IIFL Capital and INDmoney?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at IIFL Capital and INDmoney?
IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year. INDmoney: ₹0.
What brokerage do IIFL Capital and INDmoney charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹44.25 at IIFL Capital and ₹17.70 at INDmoney (our calculation from their published rates).