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
ProStocksSEBI INZ000048660
- Account opening
- ₹0
- Demat AMC
- ₹0 (₹1,000 deposit)
- SME IPOs
- Not stated
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹23.60Brokerage and DP with GST, ours
Where Mirae Asset Sharekhan and ProStocks differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Mirae Asset Sharekhan | ProStocks |
|---|---|---|
| One mainboard lot, ₹15,000₹29.50 less at ProStocks | ₹53.10 | ₹23.60 |
| Two SME lots, ₹2,50,000₹861.40 less at ProStocks | ₹885.00 | ₹23.60 |
| A year: 12 mainboard lots sold₹354.00 less at ProStocks | ₹637.20 | ₹283.20 |
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.
- Account opening: ₹0 at Mirae Asset Sharekhan, No fee listed at ProStocks.
- Demat maintenance (AMC): ₹400 a year, free for the first year at Mirae Asset Sharekhan, None at ProStocks.
- Equity delivery brokerage: 0.30% of trade value at Mirae Asset Sharekhan, ₹0 at ProStocks.
- DP charge on selling shares: Nil when sold through Mirae Asset Sharekhan at Mirae Asset Sharekhan, ₹20 per scrip plus 18% GST at ProStocks.
- Mainboard IPOs: Yes at Mirae Asset Sharekhan, not stated at ProStocks.
The same at both: sME IPOs.
Mirae Asset Sharekhan vs ProStocks: charges side by side
Differs 6 of 7 charges differ between Mirae Asset Sharekhan and ProStocks. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Mirae Asset Sharekhan | ProStocks |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | No fee listed (online application) |
| Demat maintenance (AMC) | ₹400 a year, free for the first year | None; ₹1,000 refundable demat deposit |
| 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 | 0.30% of trade value (minimum 1 paisa a share) | ₹0 (flat fee plan) |
| DP charge on selling shares | Nil when sold through Mirae Asset Sharekhan | ₹20 per scrip plus 18% GST |
| Registration | ||
| SEBI registration | INZ000171337 | INZ000048660 |
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 Mirae Asset Sharekhan and ProStocks pages.
Mirae Asset Sharekhan and ProStocks strengths and things worth checking
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.
ProStocks
Strengths
- ₹0 delivery brokerage
- No AMC
- Cheap dealer orders
Worth checking
- Refundable deposit
₹1,000 demat deposit.
- IPO access not stated
The pricing page does not mention IPO applications.
Brokerage calculator: Mirae Asset Sharekhan vs ProStocks
Other comparisons
Every comparison with Mirae Asset Sharekhan or ProStocks, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Mirae Asset Sharekhan or ProStocks?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹23.60 in broker charges at ProStocks and ₹53.10 at Mirae Asset Sharekhan (our calculation). For two SME lots worth ₹2,50,000: Mirae Asset Sharekhan ₹885.00, ProStocks ₹23.60 (our calculation, brokerage and DP charge with GST).
How much would the difference between Mirae Asset Sharekhan and ProStocks be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, ProStocks costs ₹354.00 less in broker charges (our calculation). Add the yearly AMC: Mirae Asset Sharekhan: ₹400 a year, free for the first year; ProStocks: None.
Can I apply for SME IPOs on Mirae Asset Sharekhan and ProStocks?
Neither says clearly on its pages that SME IPOs can be applied for.
Is account opening free at Mirae Asset Sharekhan and ProStocks?
Mirae Asset Sharekhan: ₹0. ProStocks: No fee listed.
What is the demat AMC at Mirae Asset Sharekhan and ProStocks?
Mirae Asset Sharekhan: ₹400 a year, free for the first year. ProStocks: None.