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
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 Mirae Asset Sharekhan and Tradejini differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Mirae Asset Sharekhan | Tradejini |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹29.50 less at Tradejini; 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 Tradejini; 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 Tradejini; 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 Tradejini.
- Equity delivery brokerage: 0.30% of trade value at Mirae Asset Sharekhan, ₹20 per order at Tradejini.
- DP charge on selling shares: Nil when sold through Mirae Asset Sharekhan at Mirae Asset Sharekhan, not stated at Tradejini.
The same at both: account opening, Mainboard IPOs and SME IPOs.
Mirae Asset Sharekhan vs Tradejini: charges side by side
Differs 4 of 7 charges differ between Mirae Asset Sharekhan and Tradejini. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Mirae Asset Sharekhan | Tradejini |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Free online |
| Demat maintenance (AMC) | ₹400 a year, free for the first year | 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 | 0.30% of trade value (minimum 1 paisa a share) | ₹20 per order |
| DP charge on selling shares | Nil when sold through Mirae Asset Sharekhan | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000171337 | INZ000160938 |
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 Tradejini pages.
Mirae Asset Sharekhan and Tradejini 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.
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: Mirae Asset Sharekhan vs Tradejini
Other comparisons
Every comparison with Mirae Asset Sharekhan or Tradejini, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Mirae Asset Sharekhan or Tradejini?
Tradejini 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 Tradejini (our calculation). For two SME lots worth ₹2,50,000: Mirae Asset Sharekhan ₹885.00, Tradejini ₹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 Tradejini be over a year?
Not in full, because Tradejini does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹354.00 less at Tradejini (our calculation).
Can I apply for SME IPOs on Mirae Asset Sharekhan and Tradejini?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Mirae Asset Sharekhan and Tradejini?
Mirae Asset Sharekhan: ₹400 a year, free for the first year. Tradejini: not stated.
What brokerage do Mirae Asset Sharekhan 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 ₹53.10 at Mirae Asset Sharekhan and ₹23.60 at Tradejini (our calculation from their published rates).