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
SahiSEBI INZ000317632
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹10 or 0.05%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹24.78Brokerage and DP with GST, ours
Where Angel One and Sahi differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Angel One | Sahi |
|---|---|---|
| One mainboard lot, ₹15,000₹16.52 less at Sahi | ₹41.30 | ₹24.78 |
| Two SME lots, ₹2,50,000₹19.47 less at Sahi | ₹47.20 | ₹27.73 |
| A year: 12 mainboard lots sold₹198.24 less at Sahi | ₹495.60 | ₹297.36 |
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 at Sahi.
- Equity delivery brokerage: ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Angel One, ₹10 or 0.05% per order, whichever is lower at Sahi.
- DP charge on selling shares: ₹20 plus GST per scrip at Angel One, ₹13.50 per company at Sahi.
- SME IPOs: Yes, NSE Emerge and BSE SME IPOs, marked with an SME tag. Allotted SME… at Angel One, not stated at Sahi.
The same at both: account opening and Mainboard IPOs.
Angel One vs Sahi: charges side by side
Differs 5 of 7 charges differ between Angel One and Sahi. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Angel One | Sahi |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 for residents | Free |
| Demat maintenance (AMC) | Free in the first year, then ₹60 a quarter plus GST, charged after the first trade in a quarter | Free |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the IPO section of the app with a UPI mandate | Yes, free |
| 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 | ₹10 or 0.05% per order, whichever is lower |
| 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) | ₹13.50 per company (GST not stated; we add 18% in our calculation) |
| Registration | ||
| SEBI registration | INZ000161534 | INZ000317632 |
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 Sahi pages.
Angel One and Sahi 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.
Sahi
Strengths
- ₹10 cap
- ₹0 AMC and account opening
- IPOs free
Worth checking
- Newer broker
Registered with SEBI in 2024.
- DP charge
₹13.50 per sale.
Brokerage calculator: Angel One vs Sahi
| Charge | Angel One | Sahi |
|---|
Ours, with NSE rates. Change the trade to see what Angel One and Sahi would each charge.
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Frequently asked questions
Which is cheaper for selling IPO shares, Angel One or Sahi?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹24.78 in broker charges at Sahi and ₹41.30 at Angel One (our calculation). For two SME lots worth ₹2,50,000: Angel One ₹47.20, Sahi ₹27.73 (our calculation, brokerage and DP charge with GST).
How much would the difference between Angel One and Sahi be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Sahi costs ₹198.24 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…; Sahi: Free.
Can I apply for SME IPOs on Angel One and Sahi?
Angel One lets you apply for SME IPOs; Sahi does not say so on the pages we checked.
What is the demat AMC at Angel One and Sahi?
Angel One: Free in the first year, then ₹60 a quarter plus GST, charged after the…. Sahi: Free.
What brokerage do Angel One and Sahi 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 ₹8.85 at Sahi (our calculation from their published rates).