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
Kotak Securities (Kotak Neo)SEBI INZ000200137
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Yes
- Delivery brokerage
- 0.20%
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where Jainam and Kotak Securities (Kotak Neo) differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Jainam | Kotak Securities (Kotak Neo) |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹11.80 less at Jainam; a DP charge is not published | ₹44.84 | ₹35.40 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Brokerage ₹566.40 less at Jainam; a DP charge is not published | ₹44.84 | ₹590.00 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹141.60 less at Jainam; a DP charge is not published | ₹538.08 | ₹424.80 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): not stated at Jainam, ₹0 for a basic services demat account at Kotak Securities (Kotak Neo).
- Equity delivery brokerage: DIY: ₹20 per order at Jainam, 0.20% at Kotak Securities (Kotak Neo).
- DP charge on selling shares: DIY: ₹18 per scrip at Jainam, not stated at Kotak Securities (Kotak Neo).
- Mainboard IPOs: not stated at Jainam, Yes, on Kotak Neo with UPI at Kotak Securities (Kotak Neo).
- SME IPOs: not stated at Jainam, Yes. Kotak Neo says SME IPOs can be applied for in its current IPO… at Kotak Securities (Kotak Neo).
The same at both: account opening.
Jainam vs Kotak Securities (Kotak Neo): charges side by side
Differs 6 of 7 charges differ between Jainam and Kotak Securities (Kotak Neo). Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Jainam | Kotak Securities (Kotak Neo) |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 online | ₹0 on the Trade Free plan (₹99 one time on Trade Free Youth, for under 30s) |
| Demat maintenance (AMC) | Not stated on the pages we checked | ₹0 for a basic services demat account (BSDA) with holdings up to ₹4 lakh; other AMC not stated on the pricing page |
| Apply for IPOs | ||
| Mainboard IPOs | Not stated on the pages we checked | Yes, on Kotak Neo with UPI |
| SME IPOs | Not stated on the pages we checked | Yes. Kotak Neo says SME IPOs can be applied for in its current IPO section with UPI |
| Sell your IPO shares | ||
| Equity delivery brokerage | DIY: ₹20 per order; Premium: 0.4% | 0.20% (Trade Free Pro: 0.10%; Trade Free Youth: ₹0) |
| DP charge on selling shares | DIY: ₹18 per scrip; Premium: ₹25 per request plus GST | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000198735 | INZ000200137 |
For other trading, equity intraday, Futures, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the Jainam and Kotak Securities (Kotak Neo) pages.
Jainam and Kotak Securities (Kotak Neo) strengths and things worth checking
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.
Kotak Securities (Kotak Neo)
Strengths
- ₹10 intraday and F&O
- SME IPOs
- Lower MTF on Pro
Worth checking
- Delivery is a percentage
0.20% on the default plan with no cap stated: ₹30 on a ₹15,000 sale.
- DP charge and AMC not on the pricing page
Check them before you sell IPO shares.
Brokerage calculator: Jainam vs Kotak Securities (Kotak Neo)
| Charge | Jainam | Kotak Securities (Kotak Neo) |
|---|
Ours, with NSE rates. Change the trade to see what Jainam and Kotak Securities (Kotak Neo) would each charge.
Other comparisons
Every comparison with Jainam or Kotak Securities (Kotak Neo), or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Jainam or Kotak Securities (Kotak Neo)?
Kotak Securities (Kotak Neo) 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 ₹11.80 less at Jainam (our calculation). For two SME lots worth ₹2,50,000: Jainam ₹44.84, Kotak Securities (Kotak Neo) ₹590.00 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between Jainam and Kotak Securities (Kotak Neo) be over a year?
Not in full, because Kotak Securities (Kotak Neo) does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹141.60 less at Jainam (our calculation).
Can I apply for SME IPOs on Jainam and Kotak Securities (Kotak Neo)?
Kotak Securities (Kotak Neo) lets you apply for SME IPOs; Jainam does not say so on the pages we checked.
What is the demat AMC at Jainam and Kotak Securities (Kotak Neo)?
Jainam: not stated. Kotak Securities (Kotak Neo): ₹0 for a basic services demat account.
What brokerage do Jainam and Kotak Securities (Kotak Neo) charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹23.60 at Jainam and ₹35.40 at Kotak Securities (Kotak Neo) (our calculation from their published rates).