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
StoxkartSEBI INZ000196835
- 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 Mirae Asset Sharekhan and Stoxkart differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Mirae Asset Sharekhan | Stoxkart |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹29.50 less at Stoxkart; a DP charge is not published | ₹53.10 | ₹23.60 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Brokerage ₹861.40 less at Stoxkart; a DP charge is not published | ₹885.00 | ₹23.60 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹354.00 less at Stoxkart; a DP charge is not published | ₹637.20 | ₹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.
- Demat maintenance (AMC): ₹400 a year, free for the first year at Mirae Asset Sharekhan, not stated at Stoxkart.
- Equity delivery brokerage: 0.30% of trade value at Mirae Asset Sharekhan, ₹20 per executed order at Stoxkart.
- DP charge on selling shares: Nil when sold through Mirae Asset Sharekhan at Mirae Asset Sharekhan, not stated at Stoxkart.
- Mainboard IPOs: Yes at Mirae Asset Sharekhan, not stated at Stoxkart.
The same at both: account opening and SME IPOs.
Mirae Asset Sharekhan vs Stoxkart: charges side by side
Differs 5 of 7 charges differ between Mirae Asset Sharekhan and Stoxkart. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Mirae Asset Sharekhan | Stoxkart |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹400 a year, free for the first year | Not stated on the pages we checked |
| 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) | ₹20 per executed order |
| DP charge on selling shares | Nil when sold through Mirae Asset Sharekhan | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000171337 | INZ000196835 |
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 Stoxkart pages.
Mirae Asset Sharekhan and Stoxkart 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.
Stoxkart
Strengths
- Flat ₹20
Worth checking
- AMC, DP and IPO details not on the pricing page
Check them before you open an account.
Brokerage calculator: Mirae Asset Sharekhan vs Stoxkart
Other comparisons
Every comparison with Mirae Asset Sharekhan or Stoxkart, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Mirae Asset Sharekhan or Stoxkart?
Stoxkart 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 ₹29.50 less at Stoxkart (our calculation). For two SME lots worth ₹2,50,000: Mirae Asset Sharekhan ₹885.00, Stoxkart ₹23.60 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between Mirae Asset Sharekhan and Stoxkart be over a year?
Not in full, because Stoxkart does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹354.00 less at Stoxkart (our calculation).
Can I apply for SME IPOs on Mirae Asset Sharekhan and Stoxkart?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Mirae Asset Sharekhan and Stoxkart?
Mirae Asset Sharekhan: ₹400 a year, free for the first year. Stoxkart: not stated.
What brokerage do Mirae Asset Sharekhan and Stoxkart 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 ₹23.60 at Stoxkart (our calculation from their published rates).