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
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 IIFL Capital and Sahi differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | IIFL Capital | Sahi |
|---|---|---|
| One mainboard lot, ₹15,000₹48.97 less at Sahi | ₹73.75 | ₹24.78 |
| Two SME lots, ₹2,50,000₹739.27 less at Sahi | ₹767.00 | ₹27.73 |
| A year: 12 mainboard lots sold₹587.64 less at Sahi | ₹885.00 | ₹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): ₹0 in the first year, then ₹250 plus GST a year at IIFL Capital, Free at Sahi.
- Equity delivery brokerage: 0.25% at IIFL Capital, ₹10 or 0.05% per order, whichever is lower at Sahi.
- DP charge on selling shares: ₹25 plus GST per scrip at IIFL Capital, ₹13.50 per company at Sahi.
The same at both: account opening, Mainboard IPOs and SME IPOs.
IIFL Capital vs Sahi: charges side by side
Differs 4 of 7 charges differ between IIFL Capital and Sahi. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | IIFL Capital | Sahi |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Free |
| Demat maintenance (AMC) | ₹0 in the first year, then ₹250 plus GST a year | 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 | 0.25% | ₹10 or 0.05% per order, whichever is lower |
| DP charge on selling shares | ₹25 plus GST per scrip | ₹13.50 per company (GST not stated; we add 18% in our calculation) |
| Registration | ||
| SEBI registration | INZ000164132 | INZ000317632 |
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 Sahi pages.
IIFL Capital and Sahi 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.
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: IIFL Capital vs Sahi
| Charge | IIFL Capital | Sahi |
|---|
Ours, with NSE rates. Change the trade to see what IIFL Capital and Sahi would each charge.
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Every comparison with IIFL Capital or Sahi, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, IIFL Capital or Sahi?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹24.78 in broker charges at Sahi and ₹73.75 at IIFL Capital (our calculation). For two SME lots worth ₹2,50,000: IIFL Capital ₹767.00, Sahi ₹27.73 (our calculation, brokerage and DP charge with GST).
How much would the difference between IIFL Capital and Sahi be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Sahi costs ₹587.64 less in broker charges (our calculation). Add the yearly AMC: IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year; Sahi: Free.
Can I apply for SME IPOs on IIFL Capital and Sahi?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at IIFL Capital and Sahi?
IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year. Sahi: Free.
What brokerage do IIFL Capital 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 ₹44.25 at IIFL Capital and ₹8.85 at Sahi (our calculation from their published rates).