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
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 INDmoney and Tradejini differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | INDmoney | Tradejini |
|---|---|---|
| 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 Tradejini.
- Equity delivery brokerage: 0.1% or ₹20 per executed order, whichever is lower, minimum ₹2 at INDmoney, ₹20 per order at Tradejini.
- DP charge on selling shares: ₹18.50 plus GST per ISIN at INDmoney, not stated at Tradejini.
- SME IPOs: Not yet. INDmoney says it does not currently support SME IPOs at INDmoney, not stated at Tradejini.
The same at both: account opening and Mainboard IPOs.
INDmoney vs Tradejini: charges side by side
Differs 5 of 7 charges differ between INDmoney and Tradejini. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | INDmoney | Tradejini |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Free online |
| Demat maintenance (AMC) | ₹0 | Not stated on the pages we checked |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes, ₹0 commission |
| 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 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 | INZ000160938 |
For other trading, equity intraday and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the INDmoney and Tradejini pages.
INDmoney and Tradejini 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.
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: INDmoney vs Tradejini
| Charge | INDmoney | Tradejini |
|---|
Ours, with NSE rates. Change the trade to see what INDmoney and Tradejini would each charge.
Other comparisons
Every comparison with INDmoney or Tradejini, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, INDmoney 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 ₹5.90 less at INDmoney (our calculation). For two SME lots worth ₹2,50,000: INDmoney ₹45.43, Tradejini ₹23.60 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between INDmoney 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 ₹70.80 less at INDmoney (our calculation).
Can I apply for SME IPOs on INDmoney and Tradejini?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at INDmoney and Tradejini?
INDmoney: ₹0. Tradejini: not stated.
What brokerage do INDmoney 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 ₹17.70 at INDmoney and ₹23.60 at Tradejini (our calculation from their published rates).