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
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 INDmoney and Jainam differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | INDmoney | Jainam |
|---|---|---|
| One mainboard lot, ₹15,000₹5.31 less at INDmoney | ₹39.53 | ₹44.84 |
| Two SME lots, ₹2,50,000₹0.59 less at Jainam | ₹45.43 | ₹44.84 |
| A year: 12 mainboard lots sold₹63.72 less at INDmoney | ₹474.36 | ₹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 at INDmoney, not stated at Jainam.
- Equity delivery brokerage: 0.1% or ₹20 per executed order, whichever is lower, minimum ₹2 at INDmoney, DIY: ₹20 per order at Jainam.
- DP charge on selling shares: ₹18.50 plus GST per ISIN at INDmoney, DIY: ₹18 per scrip at Jainam.
- Mainboard IPOs: Yes at INDmoney, not stated at Jainam.
- SME IPOs: Not yet. INDmoney says it does not currently support SME IPOs at INDmoney, not stated at Jainam.
The same at both: account opening.
INDmoney vs Jainam: charges side by side
Differs 6 of 7 charges differ between INDmoney and Jainam. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | INDmoney | Jainam |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 online |
| Demat maintenance (AMC) | ₹0 | Not stated on the pages we checked |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Not stated on the pages we checked |
| SME IPOs | Not yet. INDmoney says it does not currently support SME IPOs | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | 0.1% or ₹20 per executed order, whichever is lower, minimum ₹2 | DIY: ₹20 per order; Premium: 0.4% |
| DP charge on selling shares | ₹18.50 plus GST per ISIN (₹3.50 CDSL and ₹15 INDstocks; ₹3.25 and ₹15.25 for women) | DIY: ₹18 per scrip; Premium: ₹25 per request plus GST |
| Registration | ||
| SEBI registration | INZ000305337 | INZ000198735 |
For other trading, equity intraday, Futures and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the INDmoney and Jainam pages.
INDmoney and Jainam strengths and things worth checking
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.
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: INDmoney vs Jainam
| Charge | INDmoney | Jainam |
|---|
Ours, with NSE rates. Change the trade to see what INDmoney and Jainam would each charge.
Other comparisons
Every comparison with INDmoney or Jainam, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, INDmoney or Jainam?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹39.53 in broker charges at INDmoney and ₹44.84 at Jainam (our calculation). For two SME lots worth ₹2,50,000: INDmoney ₹45.43, Jainam ₹44.84 (our calculation, brokerage and DP charge with GST).
How much would the difference between INDmoney and Jainam be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, INDmoney costs ₹63.72 less in broker charges (our calculation). Add the yearly AMC: INDmoney: ₹0; Jainam: not stated.
Can I apply for SME IPOs on INDmoney and Jainam?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at INDmoney and Jainam?
INDmoney: ₹0. Jainam: not stated.
What brokerage do INDmoney 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 ₹17.70 at INDmoney and ₹23.60 at Jainam (our calculation from their published rates).