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
ZerodhaSEBI INZ000031633
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹300/yr + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹15.34Brokerage and DP with GST, ours
Where Mirae Asset Sharekhan and Zerodha differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Mirae Asset Sharekhan | Zerodha |
|---|---|---|
| One mainboard lot, ₹15,000₹37.76 less at Zerodha | ₹53.10 | ₹15.34 |
| Two SME lots, ₹2,50,000₹869.66 less at Zerodha | ₹885.00 | ₹15.34 |
| A year: 12 mainboard lots sold₹453.12 less at Zerodha | ₹637.20 | ₹184.08 |
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 in the first year for resident individuals, then ₹300 a year plus… at Zerodha.
- Equity delivery brokerage: 0.30% of trade value at Mirae Asset Sharekhan, ₹0 at Zerodha.
- DP charge on selling shares: Nil when sold through Mirae Asset Sharekhan at Mirae Asset Sharekhan, ₹13 plus GST per scrip at Zerodha.
- SME IPOs: not stated at Mirae Asset Sharekhan, Yes, NSE and BSE SME IPOs through UPI. Only one bid per SME IPO, and… at Zerodha.
The same at both: account opening and Mainboard IPOs.
Mirae Asset Sharekhan vs Zerodha: charges side by side
Differs 5 of 7 charges differ between Mirae Asset Sharekhan and Zerodha. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Mirae Asset Sharekhan | Zerodha |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 for individual accounts (₹500 for NRI, partnership, LLP and corporate accounts) |
| Demat maintenance (AMC) | ₹400 a year, free for the first year | Free in the first year for resident individuals, then ₹300 a year plus GST, charged quarterly |
| Apply for IPOs | ||
| Mainboard IPOs | Yes | Yes, through Kite or Console with a UPI mandate |
| SME IPOs | Not stated on the pages we checked | Yes, NSE and BSE SME IPOs through UPI. Only one bid per SME IPO, and no net banking fallback if the UPI payment fails |
| Sell your IPO shares | ||
| Equity delivery brokerage | 0.30% of trade value (minimum 1 paisa a share) | ₹0 |
| DP charge on selling shares | Nil when sold through Mirae Asset Sharekhan | ₹13 plus GST per scrip (₹3.50 CDSL, ₹9.50 Zerodha); ₹15.34 with GST |
| Registration | ||
| SEBI registration | INZ000171337 | INZ000031633 |
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 Zerodha pages.
Mirae Asset Sharekhan and Zerodha 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.
Zerodha
Strengths
- ₹0 brokerage on delivery
- Lower DP charge
- SME IPOs on both exchanges
Worth checking
- AMC after the first year
₹300 a year plus GST for a regular demat account.
- SME IPO limits
One bid per SME IPO, and if the UPI payment fails you cannot apply by net banking.
- Dealer orders cost extra
₹50 per order through call and trade or auto square-off.
Brokerage calculator: Mirae Asset Sharekhan vs Zerodha
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Frequently asked questions
Which is cheaper for selling IPO shares, Mirae Asset Sharekhan or Zerodha?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹15.34 in broker charges at Zerodha and ₹53.10 at Mirae Asset Sharekhan (our calculation). For two SME lots worth ₹2,50,000: Mirae Asset Sharekhan ₹885.00, Zerodha ₹15.34 (our calculation, brokerage and DP charge with GST).
How much would the difference between Mirae Asset Sharekhan and Zerodha be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Zerodha costs ₹453.12 less in broker charges (our calculation). Add the yearly AMC: Mirae Asset Sharekhan: ₹400 a year, free for the first year; Zerodha: Free in the first year for resident individuals, then ₹300 a year plus….
Can I apply for SME IPOs on Mirae Asset Sharekhan and Zerodha?
Zerodha lets you apply for SME IPOs; Mirae Asset Sharekhan does not say so on the pages we checked.
What is the demat AMC at Mirae Asset Sharekhan and Zerodha?
Mirae Asset Sharekhan: ₹400 a year, free for the first year. Zerodha: Free in the first year for resident individuals, then ₹300 a year plus….
What brokerage do Mirae Asset Sharekhan and Zerodha 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 ₹0.00 at Zerodha (our calculation from their published rates).