PhonePe Invest (Share.Market)SEBI INZ000302639
- Account opening
- Not stated
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 0.05%, lower
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
RupeezySEBI INZ000187932
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- 0.1%
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where PhonePe Invest (Share.Market) and Rupeezy differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | PhonePe Invest (Share.Market) | Rupeezy |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹8.85 less at PhonePe Invest (Share.Market); a DP charge is not published | ₹8.85 brokerage; DP charge not published | ₹17.70 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Brokerage ₹271.40 less at PhonePe Invest (Share.Market); a DP charge is not published | ₹23.60 brokerage; DP charge not published | ₹295.00 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹106.20 less at PhonePe Invest (Share.Market); a DP charge is not published | ₹106.20 brokerage; DP charge not published | ₹212.40 brokerage; DP charge not published |
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.
- Account opening: not stated at PhonePe Invest (Share.Market), ₹0 at Rupeezy.
- Demat maintenance (AMC): not stated at PhonePe Invest (Share.Market), Zero AMC for life for accounts opened after 15 Jun 2024 at Rupeezy.
- Equity delivery brokerage: ₹20 or 0.05% per executed order, whichever is lower at PhonePe Invest (Share.Market), 0.1% on buy and sell at Rupeezy.
- Mainboard IPOs: Yes at PhonePe Invest (Share.Market), not stated at Rupeezy.
The same at both: dP charge on selling shares and SME IPOs.
PhonePe Invest (Share.Market) vs Rupeezy: charges side by side
Differs 5 of 7 charges differ between PhonePe Invest (Share.Market) and Rupeezy. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | PhonePe Invest (Share.Market) | Rupeezy |
|---|---|---|
| Open an account | ||
| Account opening | Not stated on the pages we checked | ₹0 |
| Demat maintenance (AMC) | Not stated on the pages we checked | Zero AMC for life for accounts opened after 15 Jun 2024 |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Not stated on the pages we checked |
| SME IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.05% per executed order, whichever is lower | 0.1% on buy and sell |
| DP charge on selling shares | Not stated on the pages we checked | Not stated for market sales (₹25 for off-market transfers) |
| Registration | ||
| SEBI registration | INZ000302639 | INZ000187932 |
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 PhonePe Invest (Share.Market) and Rupeezy pages.
PhonePe Invest (Share.Market) and Rupeezy strengths and things worth checking
PhonePe Invest (Share.Market)
Strengths
- Low cap on small orders
Worth checking
- Account and DP charges not on the tariff page
The tariff page we read lists no account opening, AMC or DP charge.
- Dealer orders
₹30 extra per order for call and trade or auto square-off.
Rupeezy
Strengths
- Zero AMC
- Lower MTF
Worth checking
- Delivery has no cap
0.1% on each side: ₹15 on a ₹15,000 sale, more on bigger ones.
- DP charge on market sales not stated
Check it before you sell IPO shares.
Brokerage calculator: PhonePe Invest (Share.Market) vs Rupeezy
| Charge | PhonePe Invest (Share.Market) | Rupeezy |
|---|
Ours, with NSE rates. Change the trade to see what PhonePe Invest (Share.Market) and Rupeezy would each charge.
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Frequently asked questions
Which is cheaper for selling IPO shares, PhonePe Invest (Share.Market) or Rupeezy?
PhonePe Invest (Share.Market) does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. On brokerage alone, one mainboard lot (₹15,000) costs ₹8.85 less at PhonePe Invest (Share.Market) (our calculation). For two SME lots worth ₹2,50,000: PhonePe Invest (Share.Market) ₹23.60 brokerage; DP charge not published, Rupeezy ₹295.00 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between PhonePe Invest (Share.Market) and Rupeezy be over a year?
Not in full, because PhonePe Invest (Share.Market) does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹106.20 less at PhonePe Invest (Share.Market) (our calculation).
Can I apply for SME IPOs on PhonePe Invest (Share.Market) and Rupeezy?
Neither says clearly on its pages that SME IPOs can be applied for.
Is account opening free at PhonePe Invest (Share.Market) and Rupeezy?
PhonePe Invest (Share.Market): not stated. Rupeezy: ₹0.
What is the demat AMC at PhonePe Invest (Share.Market) and Rupeezy?
PhonePe Invest (Share.Market): not stated. Rupeezy: Zero AMC for life for accounts opened after 15 Jun 2024.