Alice BlueSEBI INZ000156038
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 2.5%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹41.30Brokerage and DP with GST, ours
Angel OneSEBI INZ000161534
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹240/yr + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹20 or 0.1%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹41.30Brokerage and DP with GST, ours
Where Alice Blue and Angel One differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Alice Blue | Angel One |
|---|---|---|
| One mainboard lot, ₹15,000Same at both | ₹41.30 | ₹41.30 |
| Two SME lots, ₹2,50,000₹5.90 less at Alice Blue | ₹41.30 | ₹47.20 |
| A year: 12 mainboard lots soldSame at both | ₹495.60 | ₹495.60 |
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): ₹0 for life on the current plan at Alice Blue, Free in the first year, then ₹60 a quarter plus GST, charged after the… at Angel One.
- Equity delivery brokerage: ₹20 or 2.5 per executed order, whichever is lower, as shown on the… at Alice Blue, ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Angel One.
- DP charge on selling shares: ₹15 plus GST per scrip, on sales only at Alice Blue, ₹20 plus GST per scrip at Angel One.
- SME IPOs: not stated at Alice Blue, Yes, NSE Emerge and BSE SME IPOs, marked with an SME tag. Allotted SME… at Angel One.
The same at both: account opening and Mainboard IPOs.
Alice Blue vs Angel One: charges side by side
Differs 4 of 7 charges differ between Alice Blue and Angel One. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Alice Blue | Angel One |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 for residents |
| Demat maintenance (AMC) | ₹0 for life on the current plan | Free in the first year, then ₹60 a quarter plus GST, charged after the first trade in a quarter |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, with ₹0 brokerage | Yes, in the IPO section of the app with a UPI mandate |
| SME IPOs | Not stated on the pages we checked | Yes, NSE Emerge and BSE SME IPOs, marked with an SME tag. Allotted SME shares can be sold from the app |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 2.5 per executed order, whichever is lower, as shown on the pricing page | ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 |
| DP charge on selling shares | ₹15 plus GST per scrip, on sales only | ₹20 plus GST per scrip (₹3.50 CDSL and ₹16.50 Angel One; ₹3.25 and ₹16.75 for women) |
| Registration | ||
| SEBI registration | INZ000156038 | INZ000161534 |
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 Alice Blue and Angel One pages.
Alice Blue and Angel One strengths and things worth checking
Alice Blue
Strengths
- ₹0 AMC for life
- IPO applications free
Worth checking
- Brokerage on delivery
Up to ₹20 per order.
- DP charge
₹15 plus GST per sale.
Angel One
Strengths
- Free first month
- Cheaper dealer orders
- SME IPOs on both exchanges
Worth checking
- AMC after the first year
₹60 a quarter plus GST (₹240 a year plus GST) for a regular demat account.
- Brokerage and DP charge on delivery
Up to ₹20 per order plus a ₹20 plus GST DP charge when you sell.
Brokerage calculator: Alice Blue vs Angel One
| Charge | Alice Blue | Angel One |
|---|
Ours, with NSE rates. Change the trade to see what Alice Blue and Angel One would each charge.
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Every comparison with Alice Blue or Angel One, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Alice Blue or Angel One?
Selling one mainboard lot of IPO shares (₹15,000) costs the same ₹41.30 in broker charges at both. For two SME lots worth ₹2,50,000: Alice Blue ₹41.30, Angel One ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between Alice Blue and Angel One be over a year?
Nothing on selling: 12 mainboard lots of ₹15,000 cost ₹495.60 at both (our calculation). Compare the yearly AMC as well.
Can I apply for SME IPOs on Alice Blue and Angel One?
Angel One lets you apply for SME IPOs; Alice Blue does not say so on the pages we checked.
What is the demat AMC at Alice Blue and Angel One?
Alice Blue: ₹0 for life on the current plan. Angel One: Free in the first year, then ₹60 a quarter plus GST, charged after the….
What brokerage do Alice Blue and Angel One charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹23.60 at Alice Blue and ₹17.70 at Angel One (our calculation from their published rates).