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
m.StockSEBI INZ000163138
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹10/order
- Cost to sell ₹15,000 of IPO shares
- ₹33.04Brokerage and DP with GST, ours
Where IIFL Capital and m.Stock differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | IIFL Capital | m.Stock |
|---|---|---|
| One mainboard lot, ₹15,000₹40.71 less at m.Stock | ₹73.75 | ₹33.04 |
| Two SME lots, ₹2,50,000₹733.96 less at m.Stock | ₹767.00 | ₹33.04 |
| A year: 12 mainboard lots sold₹488.52 less at m.Stock | ₹885.00 | ₹396.48 |
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 m.Stock.
- Equity delivery brokerage: 0.25% at IIFL Capital, ₹10 per order at m.Stock.
- DP charge on selling shares: ₹25 plus GST per scrip at IIFL Capital, ₹18 plus GST per debit transaction at m.Stock.
The same at both: account opening, Mainboard IPOs and SME IPOs.
IIFL Capital vs m.Stock: charges side by side
Differs 4 of 7 charges differ between IIFL Capital and m.Stock. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | IIFL Capital | m.Stock |
|---|---|---|
| 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, with a two-click application |
| 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% | ₹10 per order |
| DP charge on selling shares | ₹25 plus GST per scrip | ₹18 plus GST per debit transaction |
| Registration | ||
| SEBI registration | INZ000164132 | INZ000163138 |
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 IIFL Capital and m.Stock pages.
IIFL Capital and m.Stock 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.
m.Stock
Strengths
- ₹10 per order
- ₹0 AMC
- Free call and trade
Worth checking
- System square-off is costly
₹100 plus GST per order if m.Stock squares off your intraday position.
- DP charge
₹18 plus GST per sale.
Brokerage calculator: IIFL Capital vs m.Stock
| Charge | IIFL Capital | m.Stock |
|---|
Ours, with NSE rates. Change the trade to see what IIFL Capital and m.Stock would each charge.
Other comparisons
Every comparison with IIFL Capital or m.Stock, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, IIFL Capital or m.Stock?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹33.04 in broker charges at m.Stock and ₹73.75 at IIFL Capital (our calculation). For two SME lots worth ₹2,50,000: IIFL Capital ₹767.00, m.Stock ₹33.04 (our calculation, brokerage and DP charge with GST).
How much would the difference between IIFL Capital and m.Stock be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, m.Stock costs ₹488.52 less in broker charges (our calculation). Add the yearly AMC: IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year; m.Stock: ₹0.
Can I apply for SME IPOs on IIFL Capital and m.Stock?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at IIFL Capital and m.Stock?
IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year. m.Stock: ₹0.
What brokerage do IIFL Capital and m.Stock 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 ₹11.80 at m.Stock (our calculation from their published rates).