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
SahiSEBI INZ000317632
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹10 or 0.05%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹24.78Brokerage and DP with GST, ours
Where Jainam and Sahi differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Jainam | Sahi |
|---|---|---|
| One mainboard lot, ₹15,000₹20.06 less at Sahi | ₹44.84 | ₹24.78 |
| Two SME lots, ₹2,50,000₹17.11 less at Sahi | ₹44.84 | ₹27.73 |
| A year: 12 mainboard lots sold₹240.72 less at Sahi | ₹538.08 | ₹297.36 |
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, Free at Sahi.
- Equity delivery brokerage: DIY: ₹20 per order at Jainam, ₹10 or 0.05% per order, whichever is lower at Sahi.
- DP charge on selling shares: DIY: ₹18 per scrip at Jainam, ₹13.50 per company at Sahi.
- Mainboard IPOs: not stated at Jainam, Yes, free at Sahi.
The same at both: account opening and SME IPOs.
Jainam vs Sahi: charges side by side
Differs 5 of 7 charges differ between Jainam and Sahi. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Jainam | Sahi |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 online | Free |
| Demat maintenance (AMC) | Not stated on the pages we checked | Free |
| Apply for IPOs | ||
| Mainboard IPOs | Not stated on the pages we checked | Yes, free |
| 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 or 0.05% per order, whichever is lower |
| DP charge on selling shares | DIY: ₹18 per scrip; Premium: ₹25 per request plus GST | ₹13.50 per company (GST not stated; we add 18% in our calculation) |
| Registration | ||
| SEBI registration | INZ000198735 | INZ000317632 |
For other trading, equity intraday, Futures and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the Jainam and Sahi pages.
Jainam and Sahi 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.
Sahi
Strengths
- ₹10 cap
- ₹0 AMC and account opening
- IPOs free
Worth checking
- Newer broker
Registered with SEBI in 2024.
- DP charge
₹13.50 per sale.
Brokerage calculator: Jainam vs Sahi
| Charge | Jainam | Sahi |
|---|
Ours, with NSE rates. Change the trade to see what Jainam and Sahi would each charge.
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Every comparison with Jainam or Sahi, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Jainam or Sahi?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹24.78 in broker charges at Sahi and ₹44.84 at Jainam (our calculation). For two SME lots worth ₹2,50,000: Jainam ₹44.84, Sahi ₹27.73 (our calculation, brokerage and DP charge with GST).
How much would the difference between Jainam and Sahi be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Sahi costs ₹240.72 less in broker charges (our calculation). Add the yearly AMC: Jainam: not stated; Sahi: Free.
Can I apply for SME IPOs on Jainam and Sahi?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Jainam and Sahi?
Jainam: not stated. Sahi: Free.
What brokerage do Jainam and Sahi 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 ₹8.85 at Sahi (our calculation from their published rates).