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
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 Mirae Asset Sharekhan and Sahi differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Mirae Asset Sharekhan | Sahi |
|---|---|---|
| One mainboard lot, ₹15,000₹28.32 less at Sahi | ₹53.10 | ₹24.78 |
| Two SME lots, ₹2,50,000₹857.27 less at Sahi | ₹885.00 | ₹27.73 |
| A year: 12 mainboard lots sold₹339.84 less at Sahi | ₹637.20 | ₹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.
- Demat maintenance (AMC): ₹400 a year, free for the first year at Mirae Asset Sharekhan, Free at Sahi.
- Equity delivery brokerage: 0.30% of trade value at Mirae Asset Sharekhan, ₹10 or 0.05% per order, whichever is lower at Sahi.
- DP charge on selling shares: Nil when sold through Mirae Asset Sharekhan at Mirae Asset Sharekhan, ₹13.50 per company at Sahi.
The same at both: account opening, Mainboard IPOs and SME IPOs.
Mirae Asset Sharekhan vs Sahi: charges side by side
Differs 4 of 7 charges differ between Mirae Asset Sharekhan and Sahi. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Mirae Asset Sharekhan | Sahi |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Free |
| Demat maintenance (AMC) | ₹400 a year, free for the first year | 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 | 0.30% of trade value (minimum 1 paisa a share) | ₹10 or 0.05% per order, whichever is lower |
| DP charge on selling shares | Nil when sold through Mirae Asset Sharekhan | ₹13.50 per company (GST not stated; we add 18% in our calculation) |
| Registration | ||
| SEBI registration | INZ000171337 | INZ000317632 |
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 Sahi pages.
Mirae Asset Sharekhan and Sahi 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.
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: Mirae Asset Sharekhan vs Sahi
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Frequently asked questions
Which is cheaper for selling IPO shares, Mirae Asset Sharekhan or Sahi?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹24.78 in broker charges at Sahi and ₹53.10 at Mirae Asset Sharekhan (our calculation). For two SME lots worth ₹2,50,000: Mirae Asset Sharekhan ₹885.00, Sahi ₹27.73 (our calculation, brokerage and DP charge with GST).
How much would the difference between Mirae Asset Sharekhan and Sahi be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Sahi costs ₹339.84 less in broker charges (our calculation). Add the yearly AMC: Mirae Asset Sharekhan: ₹400 a year, free for the first year; Sahi: Free.
Can I apply for SME IPOs on Mirae Asset Sharekhan and Sahi?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Mirae Asset Sharekhan and Sahi?
Mirae Asset Sharekhan: ₹400 a year, free for the first year. Sahi: Free.
What brokerage do Mirae Asset Sharekhan and Sahi charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹53.10 at Mirae Asset Sharekhan and ₹8.85 at Sahi (our calculation from their published rates).