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
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 Angel One and Bigul (Bonanza) differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Angel One | Bigul (Bonanza) |
|---|---|---|
| One mainboard lot, ₹15,000₹5.90 less at Bigul (Bonanza) | ₹41.30 | ₹35.40 |
| Two SME lots, ₹2,50,000₹11.80 less at Bigul (Bonanza) | ₹47.20 | ₹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): Free in the first year, then ₹60 a quarter plus GST, charged after the… at Angel One, Free in the first year, then ₹250 a year plus GST at Bigul (Bonanza).
- Equity delivery brokerage: ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Angel One, ₹18 per order at Bigul (Bonanza).
- DP charge on selling shares: ₹20 plus GST per scrip at Angel One, ₹14.16 per scrip including depository charges and GST at Bigul (Bonanza).
- Mainboard IPOs: Yes, in the IPO section of the app with a UPI mandate at Angel One, not stated at Bigul (Bonanza).
- SME IPOs: Yes, NSE Emerge and BSE SME IPOs, marked with an SME tag. Allotted SME… at Angel One, not stated at Bigul (Bonanza).
The same at both: account opening.
Angel One vs Bigul (Bonanza): charges side by side
Differs 6 of 7 charges differ between Angel One and Bigul (Bonanza). Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Angel One | Bigul (Bonanza) |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 for residents | ₹0 |
| Demat maintenance (AMC) | Free in the first year, then ₹60 a quarter plus GST, charged after the first trade in a quarter | 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, in the IPO section of the app with a UPI mandate | Not stated on the pages we checked |
| SME IPOs | Yes, NSE Emerge and BSE SME IPOs, marked with an SME tag. Allotted SME shares can be sold from the app | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 | ₹18 per order |
| 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) | ₹14.16 per scrip including depository charges and GST |
| Registration | ||
| SEBI registration | INZ000161534 | INZ000212137 |
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 Angel One and Bigul (Bonanza) pages.
Angel One and Bigul (Bonanza) 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.
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: Angel One vs Bigul (Bonanza)
| Charge | Angel One | Bigul (Bonanza) |
|---|
Ours, with NSE rates. Change the trade to see what Angel One and Bigul (Bonanza) would each charge.
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Every comparison with Angel One or Bigul (Bonanza), or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Angel One 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 Angel One (our calculation). For two SME lots worth ₹2,50,000: Angel One ₹47.20, Bigul (Bonanza) ₹35.40 (our calculation, brokerage and DP charge with GST).
How much would the difference between Angel One 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: Angel One: Free in the first year, then ₹60 a quarter plus GST, charged after the…; Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST.
Can I apply for SME IPOs on Angel One and Bigul (Bonanza)?
Angel One lets you apply for SME IPOs; Bigul (Bonanza) does not say so on the pages we checked.
What is the demat AMC at Angel One and Bigul (Bonanza)?
Angel One: Free in the first year, then ₹60 a quarter plus GST, charged after the…. Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST.
What brokerage do Angel One 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 ₹17.70 at Angel One and ₹21.24 at Bigul (Bonanza) (our calculation from their published rates).