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
StoxkartSEBI INZ000196835
- 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 INDmoney and Stoxkart differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | INDmoney | Stoxkart |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹5.90 less at INDmoney; a DP charge is not published | ₹39.53 | ₹23.60 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Same brokerage at both; a DP charge is not published | ₹45.43 | ₹23.60 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹70.80 less at INDmoney; a DP charge is not published | ₹474.36 | ₹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 at INDmoney, not stated at Stoxkart.
- Equity delivery brokerage: 0.1% or ₹20 per executed order, whichever is lower, minimum ₹2 at INDmoney, ₹20 per executed order at Stoxkart.
- DP charge on selling shares: ₹18.50 plus GST per ISIN at INDmoney, not stated at Stoxkart.
- Mainboard IPOs: Yes at INDmoney, not stated at Stoxkart.
- SME IPOs: Not yet. INDmoney says it does not currently support SME IPOs at INDmoney, not stated at Stoxkart.
The same at both: account opening.
INDmoney vs Stoxkart: charges side by side
Differs 6 of 7 charges differ between INDmoney and Stoxkart. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | INDmoney | Stoxkart |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| 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 | ₹20 per executed order |
| 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 on the pages we checked |
| Registration | ||
| SEBI registration | INZ000305337 | INZ000196835 |
For other trading, equity intraday and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the INDmoney and Stoxkart pages.
INDmoney and Stoxkart 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.
Stoxkart
Strengths
- Flat ₹20
Worth checking
- AMC, DP and IPO details not on the pricing page
Check them before you open an account.
Brokerage calculator: INDmoney vs Stoxkart
| Charge | INDmoney | Stoxkart |
|---|
Ours, with NSE rates. Change the trade to see what INDmoney and Stoxkart would each charge.
Other comparisons
Every comparison with INDmoney or Stoxkart, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, INDmoney or Stoxkart?
Stoxkart 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 ₹5.90 less at INDmoney (our calculation). For two SME lots worth ₹2,50,000: INDmoney ₹45.43, Stoxkart ₹23.60 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between INDmoney and Stoxkart be over a year?
Not in full, because Stoxkart does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹70.80 less at INDmoney (our calculation).
Can I apply for SME IPOs on INDmoney and Stoxkart?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at INDmoney and Stoxkart?
INDmoney: ₹0. Stoxkart: not stated.
What brokerage do INDmoney and Stoxkart 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 Stoxkart (our calculation from their published rates).