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
RupeezySEBI INZ000187932
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- 0.1%
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where INDmoney and Rupeezy differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | INDmoney | Rupeezy |
|---|---|---|
| One mainboard lot, ₹15,000Same brokerage at both; a DP charge is not published | ₹39.53 | ₹17.70 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Brokerage ₹271.40 less at INDmoney; a DP charge is not published | ₹45.43 | ₹295.00 brokerage; DP charge not published |
| A year: 12 mainboard lots soldSame brokerage at both; a DP charge is not published | ₹474.36 | ₹212.40 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 at INDmoney, Zero AMC for life for accounts opened after 15 Jun 2024 at Rupeezy.
- Equity delivery brokerage: 0.1% or ₹20 per executed order, whichever is lower, minimum ₹2 at INDmoney, 0.1% on buy and sell at Rupeezy.
- DP charge on selling shares: ₹18.50 plus GST per ISIN at INDmoney, not stated at Rupeezy.
- Mainboard IPOs: Yes at INDmoney, not stated at Rupeezy.
- SME IPOs: Not yet. INDmoney says it does not currently support SME IPOs at INDmoney, not stated at Rupeezy.
The same at both: account opening.
INDmoney vs Rupeezy: charges side by side
Differs 6 of 7 charges differ between INDmoney and Rupeezy. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | INDmoney | Rupeezy |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 | Zero AMC for life for accounts opened after 15 Jun 2024 |
| 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 | 0.1% on buy and sell |
| DP charge on selling shares | ₹18.50 plus GST per ISIN (₹3.50 CDSL and ₹15 INDstocks; ₹3.25 and ₹15.25 for women) | Not stated for market sales (₹25 for off-market transfers) |
| Registration | ||
| SEBI registration | INZ000305337 | INZ000187932 |
For other trading, equity intraday, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the INDmoney and Rupeezy pages.
INDmoney and Rupeezy 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.
Rupeezy
Strengths
- Zero AMC
- Lower MTF
Worth checking
- Delivery has no cap
0.1% on each side: ₹15 on a ₹15,000 sale, more on bigger ones.
- DP charge on market sales not stated
Check it before you sell IPO shares.
Brokerage calculator: INDmoney vs Rupeezy
| Charge | INDmoney | Rupeezy |
|---|
Ours, with NSE rates. Change the trade to see what INDmoney and Rupeezy would each charge.
Other comparisons
- Angel One vs INDmoney
- Dhan vs INDmoney
- HDFC Securities (HDFC Sky) vs INDmoney
- INDmoney vs Upstox
- PhonePe Invest (Share.Market) vs Rupeezy
Every comparison with INDmoney or Rupeezy, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, INDmoney or Rupeezy?
Rupeezy does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. For two SME lots worth ₹2,50,000: INDmoney ₹45.43, Rupeezy ₹295.00 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between INDmoney and Rupeezy be over a year?
Not in full, because Rupeezy does not publish its DP charge.
Can I apply for SME IPOs on INDmoney and Rupeezy?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at INDmoney and Rupeezy?
INDmoney: ₹0. Rupeezy: Zero AMC for life for accounts opened after 15 Jun 2024.
What brokerage do INDmoney and Rupeezy 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 ₹17.70 at Rupeezy (our calculation from their published rates).