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
m.StockSEBI INZ000163138
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹10/order
- Cost to sell ₹15,000 of IPO shares
- ₹33.04Brokerage and DP with GST, ours
Where Jainam and m.Stock differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Jainam | m.Stock |
|---|---|---|
| One mainboard lot, ₹15,000₹11.80 less at m.Stock | ₹44.84 | ₹33.04 |
| Two SME lots, ₹2,50,000₹11.80 less at m.Stock | ₹44.84 | ₹33.04 |
| A year: 12 mainboard lots sold₹141.60 less at m.Stock | ₹538.08 | ₹396.48 |
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 at m.Stock.
- Equity delivery brokerage: DIY: ₹20 per order at Jainam, ₹10 per order at m.Stock.
- DP charge on selling shares: DIY: ₹18 per scrip at Jainam, ₹18 plus GST per debit transaction at m.Stock.
- Mainboard IPOs: not stated at Jainam, Yes, with a two-click application at m.Stock.
The same at both: account opening and SME IPOs.
Jainam vs m.Stock: charges side by side
Differs 5 of 7 charges differ between Jainam and m.Stock. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Jainam | m.Stock |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 online | ₹0 |
| Demat maintenance (AMC) | Not stated on the pages we checked | ₹0 |
| Apply for IPOs | ||
| Mainboard IPOs | Not stated on the pages we checked | Yes, with a two-click application |
| SME IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | DIY: ₹20 per order; Premium: 0.4% | ₹10 per order |
| DP charge on selling shares | DIY: ₹18 per scrip; Premium: ₹25 per request plus GST | ₹18 plus GST per debit transaction |
| Registration | ||
| SEBI registration | INZ000198735 | INZ000163138 |
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 m.Stock pages.
Jainam and m.Stock 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.
m.Stock
Strengths
- ₹10 per order
- ₹0 AMC
- Free call and trade
Worth checking
- System square-off is costly
₹100 plus GST per order if m.Stock squares off your intraday position.
- DP charge
₹18 plus GST per sale.
Brokerage calculator: Jainam vs m.Stock
| Charge | Jainam | m.Stock |
|---|
Ours, with NSE rates. Change the trade to see what Jainam and m.Stock would each charge.
Other comparisons
Every comparison with Jainam or m.Stock, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Jainam or m.Stock?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹33.04 in broker charges at m.Stock and ₹44.84 at Jainam (our calculation). For two SME lots worth ₹2,50,000: Jainam ₹44.84, m.Stock ₹33.04 (our calculation, brokerage and DP charge with GST).
How much would the difference between Jainam and m.Stock be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, m.Stock costs ₹141.60 less in broker charges (our calculation). Add the yearly AMC: Jainam: not stated; m.Stock: ₹0.
Can I apply for SME IPOs on Jainam and m.Stock?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Jainam and m.Stock?
Jainam: not stated. m.Stock: ₹0.
What brokerage do Jainam and m.Stock 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 ₹11.80 at m.Stock (our calculation from their published rates).