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
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 m.Stock and Mirae Asset Sharekhan differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | m.Stock | Mirae Asset Sharekhan |
|---|---|---|
| One mainboard lot, ₹15,000₹20.06 less at m.Stock | ₹33.04 | ₹53.10 |
| Two SME lots, ₹2,50,000₹851.96 less at m.Stock | ₹33.04 | ₹885.00 |
| A year: 12 mainboard lots sold₹240.72 less at m.Stock | ₹396.48 | ₹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): ₹0 at m.Stock, ₹400 a year, free for the first year at Mirae Asset Sharekhan.
- Equity delivery brokerage: ₹10 per order at m.Stock, 0.30% of trade value at Mirae Asset Sharekhan.
- DP charge on selling shares: ₹18 plus GST per debit transaction at m.Stock, Nil when sold through Mirae Asset Sharekhan at Mirae Asset Sharekhan.
The same at both: account opening, Mainboard IPOs and SME IPOs.
m.Stock vs Mirae Asset Sharekhan: charges side by side
Differs 4 of 7 charges differ between m.Stock and Mirae Asset Sharekhan. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | m.Stock | Mirae Asset Sharekhan |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 | ₹400 a year, free for the first year |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, with a two-click application | Yes |
| 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 | 0.30% of trade value (minimum 1 paisa a share) |
| DP charge on selling shares | ₹18 plus GST per debit transaction | Nil when sold through Mirae Asset Sharekhan |
| Registration | ||
| SEBI registration | INZ000163138 | INZ000171337 |
For other trading, equity intraday, Futures and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the m.Stock and Mirae Asset Sharekhan pages.
m.Stock and Mirae Asset Sharekhan 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.
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: m.Stock vs Mirae Asset Sharekhan
Other comparisons
Every comparison with m.Stock or Mirae Asset Sharekhan, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, m.Stock or Mirae Asset Sharekhan?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹33.04 in broker charges at m.Stock and ₹53.10 at Mirae Asset Sharekhan (our calculation). For two SME lots worth ₹2,50,000: m.Stock ₹33.04, Mirae Asset Sharekhan ₹885.00 (our calculation, brokerage and DP charge with GST).
How much would the difference between m.Stock and Mirae Asset Sharekhan be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, m.Stock costs ₹240.72 less in broker charges (our calculation). Add the yearly AMC: m.Stock: ₹0; Mirae Asset Sharekhan: ₹400 a year, free for the first year.
Can I apply for SME IPOs on m.Stock and Mirae Asset Sharekhan?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at m.Stock and Mirae Asset Sharekhan?
m.Stock: ₹0. Mirae Asset Sharekhan: ₹400 a year, free for the first year.
What brokerage do m.Stock 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 ₹11.80 at m.Stock and ₹53.10 at Mirae Asset Sharekhan (our calculation from their published rates).