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
JainamSEBI INZ000198735
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 (DIY) or 0.4%
- Cost to sell ₹15,000 of IPO shares
- ₹44.84Brokerage and DP with GST, ours
Where IIFL Capital and Jainam differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | IIFL Capital | Jainam |
|---|---|---|
| One mainboard lot, ₹15,000₹28.91 less at Jainam | ₹73.75 | ₹44.84 |
| Two SME lots, ₹2,50,000₹722.16 less at Jainam | ₹767.00 | ₹44.84 |
| A year: 12 mainboard lots sold₹346.92 less at Jainam | ₹885.00 | ₹538.08 |
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, not stated at Jainam.
- Equity delivery brokerage: 0.25% at IIFL Capital, DIY: ₹20 per order at Jainam.
- DP charge on selling shares: ₹25 plus GST per scrip at IIFL Capital, DIY: ₹18 per scrip at Jainam.
- Mainboard IPOs: Yes at IIFL Capital, not stated at Jainam.
The same at both: account opening and SME IPOs.
IIFL Capital vs Jainam: charges side by side
Differs 5 of 7 charges differ between IIFL Capital and Jainam. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | IIFL Capital | Jainam |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 online |
| Demat maintenance (AMC) | ₹0 in the first year, then ₹250 plus GST a year | Not stated on the pages we checked |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Not stated on the pages we checked |
| SME IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | 0.25% | DIY: ₹20 per order; Premium: 0.4% |
| DP charge on selling shares | ₹25 plus GST per scrip | DIY: ₹18 per scrip; Premium: ₹25 per request plus GST |
| Registration | ||
| SEBI registration | INZ000164132 | INZ000198735 |
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 Jainam pages.
IIFL Capital and Jainam 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.
Jainam
Strengths
- Two plans
Worth checking
- Premium delivery is 0.4%
₹60 on a ₹15,000 sale on the Premium plan. Our calculator uses the DIY plan.
- DIY dealer orders cost ₹70
Plus ₹20 brokerage and GST.
Brokerage calculator: IIFL Capital vs Jainam
| Charge | IIFL Capital | Jainam |
|---|
Ours, with NSE rates. Change the trade to see what IIFL Capital and Jainam would each charge.
Other comparisons
Every comparison with IIFL Capital or Jainam, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, IIFL Capital or Jainam?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹44.84 in broker charges at Jainam and ₹73.75 at IIFL Capital (our calculation). For two SME lots worth ₹2,50,000: IIFL Capital ₹767.00, Jainam ₹44.84 (our calculation, brokerage and DP charge with GST).
How much would the difference between IIFL Capital and Jainam be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Jainam costs ₹346.92 less in broker charges (our calculation). Add the yearly AMC: IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year; Jainam: not stated.
Can I apply for SME IPOs on IIFL Capital and Jainam?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at IIFL Capital and Jainam?
IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year. Jainam: not stated.
What brokerage do IIFL Capital and Jainam 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 ₹23.60 at Jainam (our calculation from their published rates).