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
UpstoxSEBI INZ000315837
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹300/yr + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- ₹47.20Brokerage and DP with GST, ours
Where Jainam and Upstox differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Jainam | Upstox |
|---|---|---|
| One mainboard lot, ₹15,000₹2.36 less at Jainam | ₹44.84 | ₹47.20 |
| Two SME lots, ₹2,50,000₹2.36 less at Jainam | ₹44.84 | ₹47.20 |
| A year: 12 mainboard lots sold₹28.32 less at Jainam | ₹538.08 | ₹566.40 |
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 in the first year for new customers, then ₹300 plus GST a year at Upstox.
- Equity delivery brokerage: DIY: ₹20 per order at Jainam, ₹20 per executed order at Upstox.
- DP charge on selling shares: DIY: ₹18 per scrip at Jainam, ₹20 plus GST per scrip per day at Upstox.
- Mainboard IPOs: not stated at Jainam, Yes, in the IPO section of the app with a UPI mandate at Upstox.
- SME IPOs: not stated at Jainam, Yes, using the SME IPO filter in the IPO section. SME bids need a… at Upstox.
The same at both: account opening.
Jainam vs Upstox: charges side by side
Differs 6 of 7 charges differ between Jainam and Upstox. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Jainam | Upstox |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 online | ₹0 |
| Demat maintenance (AMC) | Not stated on the pages we checked | ₹0 in the first year for new customers, then ₹300 plus GST a year (BSDA accounts have separate terms) |
| Apply for IPOs | ||
| Mainboard IPOs | Not stated on the pages we checked | Yes, in the IPO section of the app with a UPI mandate |
| SME IPOs | Not stated on the pages we checked | Yes, using the SME IPO filter in the IPO section. SME bids need a price; cut-off is not allowed |
| Sell your IPO shares | ||
| Equity delivery brokerage | DIY: ₹20 per order; Premium: 0.4% | ₹20 per executed order |
| DP charge on selling shares | DIY: ₹18 per scrip; Premium: ₹25 per request plus GST | ₹20 plus GST per scrip per day (₹3.50 CDSL and ₹16.50 Upstox; ₹3.25 and ₹16.75 for women) |
| Registration | ||
| SEBI registration | INZ000198735 | INZ000315837 |
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 Upstox pages.
Jainam and Upstox 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.
Upstox
Strengths
- Zero commission on IPOs
- ₹0 account opening
- SME IPOs in the app
Worth checking
- Flat ₹20 on delivery
Even a small sale of IPO shares costs ₹20 brokerage plus a ₹20 plus GST DP charge.
- Dealer orders cost more
Call and trade and auto square-off cost ₹75 plus GST each.
- AMC after the first year
₹300 plus GST a year.
Brokerage calculator: Jainam vs Upstox
| Charge | Jainam | Upstox |
|---|
Ours, with NSE rates. Change the trade to see what Jainam and Upstox would each charge.
Other comparisons
Every comparison with Jainam or Upstox, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Jainam or Upstox?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹44.84 in broker charges at Jainam and ₹47.20 at Upstox (our calculation). For two SME lots worth ₹2,50,000: Jainam ₹44.84, Upstox ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between Jainam and Upstox be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Jainam costs ₹28.32 less in broker charges (our calculation). Add the yearly AMC: Jainam: not stated; Upstox: ₹0 in the first year for new customers, then ₹300 plus GST a year.
Can I apply for SME IPOs on Jainam and Upstox?
Upstox lets you apply for SME IPOs; Jainam does not say so on the pages we checked.
What is the demat AMC at Jainam and Upstox?
Jainam: not stated. Upstox: ₹0 in the first year for new customers, then ₹300 plus GST a year.
What brokerage do Jainam and Upstox 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 ₹23.60 at Upstox (our calculation from their published rates).