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
Bigul (Bonanza)SEBI INZ000212137
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹250/yr + GST
- SME IPOs
- Not stated
- Delivery brokerage
- ₹18/order
- Cost to sell ₹15,000 of IPO shares
- ₹35.40Brokerage and DP with GST, ours
Where Alice Blue and Bigul (Bonanza) differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Alice Blue | Bigul (Bonanza) |
|---|---|---|
| One mainboard lot, ₹15,000₹5.90 less at Bigul (Bonanza) | ₹41.30 | ₹35.40 |
| Two SME lots, ₹2,50,000₹5.90 less at Bigul (Bonanza) | ₹41.30 | ₹35.40 |
| A year: 12 mainboard lots sold₹70.80 less at Bigul (Bonanza) | ₹495.60 | ₹424.80 |
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 ₹250 a year plus GST at Bigul (Bonanza).
- Equity delivery brokerage: ₹20 or 2.5 per executed order, whichever is lower, as shown on the… at Alice Blue, ₹18 per order at Bigul (Bonanza).
- DP charge on selling shares: ₹15 plus GST per scrip, on sales only at Alice Blue, ₹14.16 per scrip including depository charges and GST at Bigul (Bonanza).
- Mainboard IPOs: Yes, with ₹0 brokerage at Alice Blue, not stated at Bigul (Bonanza).
The same at both: account opening and SME IPOs.
Alice Blue vs Bigul (Bonanza): charges side by side
Differs 5 of 7 charges differ between Alice Blue and Bigul (Bonanza). Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Alice Blue | Bigul (Bonanza) |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹0 for life on the current plan | Free in the first year, then ₹250 a year plus GST; basic services demat accounts: ₹0 up to ₹4 lakh |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, with ₹0 brokerage | 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 | ₹20 or 2.5 per executed order, whichever is lower, as shown on the pricing page | ₹18 per order |
| DP charge on selling shares | ₹15 plus GST per scrip, on sales only | ₹14.16 per scrip including depository charges and GST |
| Registration | ||
| SEBI registration | INZ000156038 | INZ000212137 |
For other trading, equity intraday and Futures differ too. Intraday, futures, call and trade and margin charges are on the Alice Blue and Bigul (Bonanza) pages.
Alice Blue and Bigul (Bonanza) 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.
Bigul (Bonanza)
Strengths
- Flat ₹18
- DP charge with GST shown
Worth checking
- Pledge charge
₹118 per ISIN per request.
- IPO access not stated
The pricing page does not mention IPOs.
Brokerage calculator: Alice Blue vs Bigul (Bonanza)
| Charge | Alice Blue | Bigul (Bonanza) |
|---|
Ours, with NSE rates. Change the trade to see what Alice Blue and Bigul (Bonanza) would each charge.
Other comparisons
Every comparison with Alice Blue or Bigul (Bonanza), or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Alice Blue or Bigul (Bonanza)?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹35.40 in broker charges at Bigul (Bonanza) and ₹41.30 at Alice Blue (our calculation). For two SME lots worth ₹2,50,000: Alice Blue ₹41.30, Bigul (Bonanza) ₹35.40 (our calculation, brokerage and DP charge with GST).
How much would the difference between Alice Blue and Bigul (Bonanza) be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Bigul (Bonanza) costs ₹70.80 less in broker charges (our calculation). Add the yearly AMC: Alice Blue: ₹0 for life on the current plan; Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST.
Can I apply for SME IPOs on Alice Blue and Bigul (Bonanza)?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Alice Blue and Bigul (Bonanza)?
Alice Blue: ₹0 for life on the current plan. Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST.
What brokerage do Alice Blue and Bigul (Bonanza) 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 ₹21.24 at Bigul (Bonanza) (our calculation from their published rates).