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
TradejiniSEBI INZ000160938
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where IIFL Capital and Tradejini differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | IIFL Capital | Tradejini |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹20.65 less at Tradejini; a DP charge is not published | ₹73.75 | ₹23.60 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Brokerage ₹713.90 less at Tradejini; a DP charge is not published | ₹767.00 | ₹23.60 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹247.80 less at Tradejini; a DP charge is not published | ₹885.00 | ₹283.20 brokerage; DP charge not published |
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 Tradejini.
- Equity delivery brokerage: 0.25% at IIFL Capital, ₹20 per order at Tradejini.
- DP charge on selling shares: ₹25 plus GST per scrip at IIFL Capital, not stated at Tradejini.
The same at both: account opening, Mainboard IPOs and SME IPOs.
IIFL Capital vs Tradejini: charges side by side
Differs 4 of 7 charges differ between IIFL Capital and Tradejini. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | IIFL Capital | Tradejini |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Free 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 | Yes, ₹0 commission |
| 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% | ₹20 per order |
| DP charge on selling shares | ₹25 plus GST per scrip | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000164132 | INZ000160938 |
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 Tradejini pages.
IIFL Capital and Tradejini 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.
Tradejini
Strengths
- Flat ₹20
- IPOs free
Worth checking
- AMC and DP charge not on the list of charges
Check them before you open an account.
Brokerage calculator: IIFL Capital vs Tradejini
| Charge | IIFL Capital | Tradejini |
|---|
Ours, with NSE rates. Change the trade to see what IIFL Capital and Tradejini would each charge.
Other comparisons
Every comparison with IIFL Capital or Tradejini, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, IIFL Capital or Tradejini?
Tradejini does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. On brokerage alone, one mainboard lot (₹15,000) costs ₹20.65 less at Tradejini (our calculation). For two SME lots worth ₹2,50,000: IIFL Capital ₹767.00, Tradejini ₹23.60 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between IIFL Capital and Tradejini be over a year?
Not in full, because Tradejini does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹247.80 less at Tradejini (our calculation).
Can I apply for SME IPOs on IIFL Capital and Tradejini?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at IIFL Capital and Tradejini?
IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year. Tradejini: not stated.
What brokerage do IIFL Capital and Tradejini 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 Tradejini (our calculation from their published rates).