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
Bajaj BrokingSEBI INZ000218931
- Account opening
- ₹0
- Demat AMC
- ₹0 (pack ₹431/yr from year 2)
- SME IPOs
- Yes
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- ₹64.90Brokerage and DP with GST, ours
Where Angel One and Bajaj Broking differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Angel One | Bajaj Broking |
|---|---|---|
| One mainboard lot, ₹15,000₹23.60 less at Angel One | ₹41.30 | ₹64.90 |
| Two SME lots, ₹2,50,000₹17.70 less at Angel One | ₹47.20 | ₹64.90 |
| A year: 12 mainboard lots sold₹283.20 less at Angel One | ₹495.60 | ₹778.80 |
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): Free in the first year, then ₹60 a quarter plus GST, charged after the… at Angel One, Nil, but the Freedom Pack subscription is ₹431 a year from the second… at Bajaj Broking.
- Equity delivery brokerage: ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Angel One, ₹20 per order at Bajaj Broking.
- DP charge on selling shares: ₹20 plus GST per scrip at Angel One, ₹35 or 0.0002% of the value, whichever is higher, plus taxes at Bajaj Broking.
The same at both: account opening, Mainboard IPOs and SME IPOs.
Angel One vs Bajaj Broking: charges side by side
Differs 4 of 7 charges differ between Angel One and Bajaj Broking. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Angel One | Bajaj Broking |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 for residents | Nil |
| Demat maintenance (AMC) | Free in the first year, then ₹60 a quarter plus GST, charged after the first trade in a quarter | Nil, but the Freedom Pack subscription is ₹431 a year from the second year (free in the first) |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the IPO section of the app with a UPI mandate | Yes |
| SME IPOs | Yes, NSE Emerge and BSE SME IPOs, marked with an SME tag. Allotted SME shares can be sold from the app | Yes. SME IPOs are listed with an Apply Now option |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 | ₹20 per order (Professional Pack: ₹10, for ₹2,500 a year) |
| DP charge on selling shares | ₹20 plus GST per scrip (₹3.50 CDSL and ₹16.50 Angel One; ₹3.25 and ₹16.75 for women) | ₹35 or 0.0002% of the value, whichever is higher, plus taxes |
| Registration | ||
| SEBI registration | INZ000161534 | INZ000218931 |
For other trading, equity intraday and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the Angel One and Bajaj Broking pages.
Angel One and Bajaj Broking strengths and things worth checking
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.
Bajaj Broking
Strengths
- Cheaper dealer orders
- No demat AMC
- SME IPOs
Worth checking
- Pack fee from year two
₹431 a year for the Freedom Pack.
- Higher DP charge
₹35 plus taxes per sale.
Brokerage calculator: Angel One vs Bajaj Broking
| Charge | Angel One | Bajaj Broking |
|---|
Ours, with NSE rates. Change the trade to see what Angel One and Bajaj Broking would each charge.
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Every comparison with Angel One or Bajaj Broking, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Angel One or Bajaj Broking?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹41.30 in broker charges at Angel One and ₹64.90 at Bajaj Broking (our calculation). For two SME lots worth ₹2,50,000: Angel One ₹47.20, Bajaj Broking ₹64.90 (our calculation, brokerage and DP charge with GST).
How much would the difference between Angel One and Bajaj Broking be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Angel One costs ₹283.20 less in broker charges (our calculation). Add the yearly AMC: Angel One: Free in the first year, then ₹60 a quarter plus GST, charged after the…; Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second….
Can I apply for SME IPOs on Angel One and Bajaj Broking?
Both let you apply for SME IPOs.
What is the demat AMC at Angel One and Bajaj Broking?
Angel One: Free in the first year, then ₹60 a quarter plus GST, charged after the…. Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second….
What brokerage do Angel One and Bajaj Broking charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹17.70 at Angel One and ₹23.60 at Bajaj Broking (our calculation from their published rates).