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
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 PhonePe Invest (Share.Market) and Sahi differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | PhonePe Invest (Share.Market) | Sahi |
|---|---|---|
| One mainboard lot, ₹15,000Same brokerage at both; a DP charge is not published | ₹8.85 brokerage; DP charge not published | ₹24.78 |
| Two SME lots, ₹2,50,000Brokerage ₹11.80 less at Sahi; a DP charge is not published | ₹23.60 brokerage; DP charge not published | ₹27.73 |
| A year: 12 mainboard lots soldSame brokerage at both; a DP charge is not published | ₹106.20 brokerage; DP charge not published | ₹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.
- Account opening: not stated at PhonePe Invest (Share.Market), Free at Sahi.
- Demat maintenance (AMC): not stated at PhonePe Invest (Share.Market), Free at Sahi.
- Equity delivery brokerage: ₹20 or 0.05% per executed order, whichever is lower at PhonePe Invest (Share.Market), ₹10 or 0.05% per order, whichever is lower at Sahi.
- DP charge on selling shares: not stated at PhonePe Invest (Share.Market), ₹13.50 per company at Sahi.
The same at both: mainboard IPOs and SME IPOs.
PhonePe Invest (Share.Market) vs Sahi: charges side by side
Differs 5 of 7 charges differ between PhonePe Invest (Share.Market) and Sahi. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | PhonePe Invest (Share.Market) | Sahi |
|---|---|---|
| Open an account | ||
| Account opening | Not stated on the pages we checked | Free |
| Demat maintenance (AMC) | Not stated on the pages we checked | Free |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | 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 | ₹20 or 0.05% per executed order, whichever is lower | ₹10 or 0.05% per order, whichever is lower |
| DP charge on selling shares | Not stated on the pages we checked | ₹13.50 per company (GST not stated; we add 18% in our calculation) |
| Registration | ||
| SEBI registration | INZ000302639 | INZ000317632 |
For other trading, equity intraday, Futures and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the PhonePe Invest (Share.Market) and Sahi pages.
PhonePe Invest (Share.Market) and Sahi 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.
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: PhonePe Invest (Share.Market) vs Sahi
| Charge | PhonePe Invest (Share.Market) | Sahi |
|---|
Ours, with NSE rates. Change the trade to see what PhonePe Invest (Share.Market) and Sahi would each charge.
Other comparisons
- Groww vs PhonePe Invest (Share.Market)
- PhonePe Invest (Share.Market) vs Zerodha
- Groww vs Sahi
- m.Stock vs PhonePe Invest (Share.Market)
- Sahi vs Zerodha
- Dhan vs Sahi
- Kotak Securities (Kotak Neo) vs Sahi
- PhonePe Invest (Share.Market) vs Rupeezy
Every comparison with PhonePe Invest (Share.Market) or Sahi, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, PhonePe Invest (Share.Market) or Sahi?
PhonePe Invest (Share.Market) does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. For two SME lots worth ₹2,50,000: PhonePe Invest (Share.Market) ₹23.60 brokerage; DP charge not published, Sahi ₹27.73 (our calculation, brokerage and DP charge with GST).
How much would the difference between PhonePe Invest (Share.Market) and Sahi be over a year?
Not in full, because PhonePe Invest (Share.Market) does not publish its DP charge.
Can I apply for SME IPOs on PhonePe Invest (Share.Market) and Sahi?
Neither says clearly on its pages that SME IPOs can be applied for.
Is account opening free at PhonePe Invest (Share.Market) and Sahi?
PhonePe Invest (Share.Market): not stated. Sahi: Free.
What is the demat AMC at PhonePe Invest (Share.Market) and Sahi?
PhonePe Invest (Share.Market): not stated. Sahi: Free.