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
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 m.Stock and Sahi differ
3 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | m.Stock | Sahi |
|---|---|---|
| One mainboard lot, ₹15,000₹8.26 less at Sahi | ₹33.04 | ₹24.78 |
| Two SME lots, ₹2,50,000₹5.31 less at Sahi | ₹33.04 | ₹27.73 |
| A year: 12 mainboard lots sold₹99.12 less at Sahi | ₹396.48 | ₹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.
- Equity delivery brokerage: ₹10 per order at m.Stock, ₹10 or 0.05% per order, whichever is lower at Sahi.
- DP charge on selling shares: ₹18 plus GST per debit transaction at m.Stock, ₹13.50 per company at Sahi.
The same at both: account opening, Demat maintenance (AMC), Mainboard IPOs and SME IPOs.
m.Stock vs Sahi: charges side by side
Differs 3 of 7 charges differ between m.Stock and Sahi. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | m.Stock | Sahi |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Free |
| Demat maintenance (AMC) | ₹0 | Free |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, with a two-click application | 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 | ₹10 per order | ₹10 or 0.05% per order, whichever is lower |
| DP charge on selling shares | ₹18 plus GST per debit transaction | ₹13.50 per company (GST not stated; we add 18% in our calculation) |
| Registration | ||
| SEBI registration | INZ000163138 | INZ000317632 |
For other trading, equity intraday, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the m.Stock and Sahi pages.
m.Stock and Sahi strengths and things worth checking
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.
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: m.Stock vs Sahi
| Charge | m.Stock | Sahi |
|---|
Ours, with NSE rates. Change the trade to see what m.Stock and Sahi would each charge.
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Frequently asked questions
Which is cheaper for selling IPO shares, m.Stock or Sahi?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹24.78 in broker charges at Sahi and ₹33.04 at m.Stock (our calculation). For two SME lots worth ₹2,50,000: m.Stock ₹33.04, Sahi ₹27.73 (our calculation, brokerage and DP charge with GST).
How much would the difference between m.Stock and Sahi be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Sahi costs ₹99.12 less in broker charges (our calculation). Add the yearly AMC: m.Stock: ₹0; Sahi: Free.
Can I apply for SME IPOs on m.Stock and Sahi?
Neither says clearly on its pages that SME IPOs can be applied for.
What brokerage do m.Stock 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 ₹11.80 at m.Stock and ₹8.85 at Sahi (our calculation from their published rates).
What DP charge do m.Stock and Sahi take when I sell IPO shares?
For one sale of ₹15,000, with GST: ₹21.24 at m.Stock; ₹15.93 at Sahi (our calculation). It is charged on each sale from your demat account.