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
IIFL CapitalSEBI INZ000164132
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹250/yr + GST
- SME IPOs
- Not stated
- Delivery brokerage
- 0.25%
- Cost to sell ₹15,000 of IPO shares
- ₹73.75Brokerage and DP with GST, ours
Where Angel One and IIFL Capital differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Angel One | IIFL Capital |
|---|---|---|
| One mainboard lot, ₹15,000₹32.45 less at Angel One | ₹41.30 | ₹73.75 |
| Two SME lots, ₹2,50,000₹719.80 less at Angel One | ₹47.20 | ₹767.00 |
| A year: 12 mainboard lots sold₹389.40 less at Angel One | ₹495.60 | ₹885.00 |
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, ₹0 in the first year, then ₹250 plus GST a year at IIFL Capital.
- Equity delivery brokerage: ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Angel One, 0.25% at IIFL Capital.
- DP charge on selling shares: ₹20 plus GST per scrip at Angel One, ₹25 plus GST per scrip at IIFL Capital.
- SME IPOs: Yes, NSE Emerge and BSE SME IPOs, marked with an SME tag. Allotted SME… at Angel One, not stated at IIFL Capital.
The same at both: account opening and Mainboard IPOs.
Angel One vs IIFL Capital: charges side by side
Differs 5 of 7 charges differ between Angel One and IIFL Capital. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Angel One | IIFL Capital |
|---|---|---|
| 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 | ₹0 in the first year, then ₹250 plus GST a year |
| 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 | 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 | 0.25% |
| 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) | ₹25 plus GST per scrip |
| Registration | ||
| SEBI registration | INZ000161534 | INZ000164132 |
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 IIFL Capital pages.
Angel One and IIFL Capital 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.
IIFL Capital
Strengths
- Full-service support
- Lower AMC
Worth checking
- Percentage brokerage on delivery
0.25% with no cap: ₹37.50 on a ₹15,000 sale.
- DP charge
₹25 plus GST per sale.
- System square-off
₹100 per order.
Brokerage calculator: Angel One vs IIFL Capital
| Charge | Angel One | IIFL Capital |
|---|
Ours, with NSE rates. Change the trade to see what Angel One and IIFL Capital would each charge.
Other comparisons
- Angel One vs Groww
- Angel One vs ICICI Direct
- Angel One vs Upstox
- Angel One vs Zerodha
- Angel One vs INDmoney
- Angel One vs m.Stock
Every comparison with Angel One or IIFL Capital, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Angel One or IIFL Capital?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹41.30 in broker charges at Angel One and ₹73.75 at IIFL Capital (our calculation). For two SME lots worth ₹2,50,000: Angel One ₹47.20, IIFL Capital ₹767.00 (our calculation, brokerage and DP charge with GST).
How much would the difference between Angel One and IIFL Capital be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Angel One costs ₹389.40 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…; IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year.
Can I apply for SME IPOs on Angel One and IIFL Capital?
Angel One lets you apply for SME IPOs; IIFL Capital does not say so on the pages we checked.
What is the demat AMC at Angel One and IIFL Capital?
Angel One: Free in the first year, then ₹60 a quarter plus GST, charged after the…. IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year.
What brokerage do Angel One and IIFL Capital 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 ₹44.25 at IIFL Capital (our calculation from their published rates).