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
TradejiniSEBI INZ000160938
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where PhonePe Invest (Share.Market) and Tradejini differ
3 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | PhonePe Invest (Share.Market) | Tradejini |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹14.75 less at PhonePe Invest (Share.Market); a DP charge is not published | ₹8.85 brokerage; DP charge not published | ₹23.60 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Same brokerage at both; a DP charge is not published | ₹23.60 brokerage; DP charge not published | ₹23.60 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹177.00 less at PhonePe Invest (Share.Market); a DP charge is not published | ₹106.20 brokerage; DP charge not published | ₹283.20 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), Free online at Tradejini.
- Equity delivery brokerage: ₹20 or 0.05% per executed order, whichever is lower at PhonePe Invest (Share.Market), ₹20 per order at Tradejini.
The same at both: demat maintenance (AMC), DP charge on selling shares, Mainboard IPOs and SME IPOs.
PhonePe Invest (Share.Market) vs Tradejini: charges side by side
Differs 3 of 7 charges differ between PhonePe Invest (Share.Market) and Tradejini. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | PhonePe Invest (Share.Market) | Tradejini |
|---|---|---|
| Open an account | ||
| Account opening | Not stated on the pages we checked | Free online |
| Demat maintenance (AMC) | Not stated on the pages we checked | Not stated on the pages we checked |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes, ₹0 commission |
| 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 | ₹20 per order |
| DP charge on selling shares | Not stated on the pages we checked | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000302639 | INZ000160938 |
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 Tradejini pages.
PhonePe Invest (Share.Market) and Tradejini 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.
Tradejini
Strengths
- Flat ₹20
- IPOs free
Worth checking
- AMC and DP charge not on the list of charges
Check them before you open an account.
Brokerage calculator: PhonePe Invest (Share.Market) vs Tradejini
| Charge | PhonePe Invest (Share.Market) | Tradejini |
|---|
Ours, with NSE rates. Change the trade to see what PhonePe Invest (Share.Market) and Tradejini would each charge.
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Every comparison with PhonePe Invest (Share.Market) or Tradejini, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, PhonePe Invest (Share.Market) or Tradejini?
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 ₹14.75 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, Tradejini ₹23.60 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between PhonePe Invest (Share.Market) and Tradejini 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 ₹177.00 less at PhonePe Invest (Share.Market) (our calculation).
Can I apply for SME IPOs on PhonePe Invest (Share.Market) and Tradejini?
Neither says clearly on its pages that SME IPOs can be applied for.
Is account opening free at PhonePe Invest (Share.Market) and Tradejini?
PhonePe Invest (Share.Market): not stated. Tradejini: Free online.
What brokerage do PhonePe Invest (Share.Market) and Tradejini charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹8.85 at PhonePe Invest (Share.Market) and ₹23.60 at Tradejini (our calculation from their published rates).