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
ZerodhaSEBI INZ000031633
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹300/yr + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹15.34Brokerage and DP with GST, ours
Where Jainam and Zerodha differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Jainam | Zerodha |
|---|---|---|
| One mainboard lot, ₹15,000₹29.50 less at Zerodha | ₹44.84 | ₹15.34 |
| Two SME lots, ₹2,50,000₹29.50 less at Zerodha | ₹44.84 | ₹15.34 |
| A year: 12 mainboard lots sold₹354.00 less at Zerodha | ₹538.08 | ₹184.08 |
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 in the first year for resident individuals, then ₹300 a year plus… at Zerodha.
- Equity delivery brokerage: DIY: ₹20 per order at Jainam, ₹0 at Zerodha.
- DP charge on selling shares: DIY: ₹18 per scrip at Jainam, ₹13 plus GST per scrip at Zerodha.
- Mainboard IPOs: not stated at Jainam, Yes, through Kite or Console with a UPI mandate at Zerodha.
- SME IPOs: not stated at Jainam, Yes, NSE and BSE SME IPOs through UPI. Only one bid per SME IPO, and… at Zerodha.
The same at both: account opening.
Jainam vs Zerodha: charges side by side
Differs 6 of 7 charges differ between Jainam and Zerodha. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Jainam | Zerodha |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 online | ₹0 for individual accounts (₹500 for NRI, partnership, LLP and corporate accounts) |
| Demat maintenance (AMC) | Not stated on the pages we checked | Free in the first year for resident individuals, then ₹300 a year plus GST, charged quarterly |
| Apply for IPOs | ||
| Mainboard IPOs | Not stated on the pages we checked | Yes, through Kite or Console with a UPI mandate |
| SME IPOs | Not stated on the pages we checked | Yes, NSE and BSE SME IPOs through UPI. Only one bid per SME IPO, and no net banking fallback if the UPI payment fails |
| Sell your IPO shares | ||
| Equity delivery brokerage | DIY: ₹20 per order; Premium: 0.4% | ₹0 |
| DP charge on selling shares | DIY: ₹18 per scrip; Premium: ₹25 per request plus GST | ₹13 plus GST per scrip (₹3.50 CDSL, ₹9.50 Zerodha); ₹15.34 with GST |
| Registration | ||
| SEBI registration | INZ000198735 | INZ000031633 |
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 Zerodha pages.
Jainam and Zerodha 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.
Zerodha
Strengths
- ₹0 brokerage on delivery
- Lower DP charge
- SME IPOs on both exchanges
Worth checking
- AMC after the first year
₹300 a year plus GST for a regular demat account.
- SME IPO limits
One bid per SME IPO, and if the UPI payment fails you cannot apply by net banking.
- Dealer orders cost extra
₹50 per order through call and trade or auto square-off.
Brokerage calculator: Jainam vs Zerodha
| Charge | Jainam | Zerodha |
|---|
Ours, with NSE rates. Change the trade to see what Jainam and Zerodha would each charge.
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Every comparison with Jainam or Zerodha, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Jainam or Zerodha?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹15.34 in broker charges at Zerodha and ₹44.84 at Jainam (our calculation). For two SME lots worth ₹2,50,000: Jainam ₹44.84, Zerodha ₹15.34 (our calculation, brokerage and DP charge with GST).
How much would the difference between Jainam and Zerodha be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Zerodha costs ₹354.00 less in broker charges (our calculation). Add the yearly AMC: Jainam: not stated; Zerodha: Free in the first year for resident individuals, then ₹300 a year plus….
Can I apply for SME IPOs on Jainam and Zerodha?
Zerodha lets you apply for SME IPOs; Jainam does not say so on the pages we checked.
What is the demat AMC at Jainam and Zerodha?
Jainam: not stated. Zerodha: Free in the first year for resident individuals, then ₹300 a year plus….
What brokerage do Jainam and Zerodha 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 ₹0.00 at Zerodha (our calculation from their published rates).