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
Mirae Asset SharekhanSEBI INZ000171337
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹400/yr
- SME IPOs
- Not stated
- Delivery brokerage
- 0.30%
- Cost to sell ₹15,000 of IPO shares
- ₹53.10Brokerage and DP with GST, ours
Where Jainam and Mirae Asset Sharekhan differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Jainam | Mirae Asset Sharekhan |
|---|---|---|
| One mainboard lot, ₹15,000₹8.26 less at Jainam | ₹44.84 | ₹53.10 |
| Two SME lots, ₹2,50,000₹840.16 less at Jainam | ₹44.84 | ₹885.00 |
| A year: 12 mainboard lots sold₹99.12 less at Jainam | ₹538.08 | ₹637.20 |
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, ₹400 a year, free for the first year at Mirae Asset Sharekhan.
- Equity delivery brokerage: DIY: ₹20 per order at Jainam, 0.30% of trade value at Mirae Asset Sharekhan.
- DP charge on selling shares: DIY: ₹18 per scrip at Jainam, Nil when sold through Mirae Asset Sharekhan at Mirae Asset Sharekhan.
- Mainboard IPOs: not stated at Jainam, Yes at Mirae Asset Sharekhan.
The same at both: account opening and SME IPOs.
Jainam vs Mirae Asset Sharekhan: charges side by side
Differs 5 of 7 charges differ between Jainam and Mirae Asset Sharekhan. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Jainam | Mirae Asset Sharekhan |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 online | ₹0 |
| Demat maintenance (AMC) | Not stated on the pages we checked | ₹400 a year, free for the first year |
| Apply for IPOs | ||
| Mainboard IPOs | Not stated on the pages we checked | Yes |
| 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% | 0.30% of trade value (minimum 1 paisa a share) |
| DP charge on selling shares | DIY: ₹18 per scrip; Premium: ₹25 per request plus GST | Nil when sold through Mirae Asset Sharekhan |
| Registration | ||
| SEBI registration | INZ000198735 | INZ000171337 |
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 Mirae Asset Sharekhan pages.
Jainam and Mirae Asset Sharekhan 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.
Mirae Asset Sharekhan
Strengths
- No DP charge on sales
- Free call and trade
- Research and branches
Worth checking
- Percentage brokerage on delivery
0.30% with no cap: ₹45 on a ₹15,000 sale.
- Options per lot
₹39 per lot each side.
- MTF at 18%
Margin trading interest is 18% a year.
Brokerage calculator: Jainam vs Mirae Asset Sharekhan
Other comparisons
Every comparison with Jainam or Mirae Asset Sharekhan, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Jainam or Mirae Asset Sharekhan?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹44.84 in broker charges at Jainam and ₹53.10 at Mirae Asset Sharekhan (our calculation). For two SME lots worth ₹2,50,000: Jainam ₹44.84, Mirae Asset Sharekhan ₹885.00 (our calculation, brokerage and DP charge with GST).
How much would the difference between Jainam and Mirae Asset Sharekhan be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Jainam costs ₹99.12 less in broker charges (our calculation). Add the yearly AMC: Jainam: not stated; Mirae Asset Sharekhan: ₹400 a year, free for the first year.
Can I apply for SME IPOs on Jainam and Mirae Asset Sharekhan?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Jainam and Mirae Asset Sharekhan?
Jainam: not stated. Mirae Asset Sharekhan: ₹400 a year, free for the first year.
What brokerage do Jainam and Mirae Asset Sharekhan 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 ₹53.10 at Mirae Asset Sharekhan (our calculation from their published rates).