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
DhanSEBI INZ000006031
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Yes
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹14.75Brokerage and DP with GST, ours
Where Bigul (Bonanza) and Dhan differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bigul (Bonanza) | Dhan |
|---|---|---|
| One mainboard lot, ₹15,000₹20.65 less at Dhan | ₹35.40 | ₹14.75 |
| Two SME lots, ₹2,50,000₹20.65 less at Dhan | ₹35.40 | ₹14.75 |
| A year: 12 mainboard lots sold₹247.80 less at Dhan | ₹424.80 | ₹177.00 |
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 ₹250 a year plus GST at Bigul (Bonanza), ₹0 for individuals and HUFs at Dhan.
- Equity delivery brokerage: ₹18 per order at Bigul (Bonanza), ₹0 at Dhan.
- DP charge on selling shares: ₹14.16 per scrip including depository charges and GST at Bigul (Bonanza), ₹12.50 plus GST per instruction per ISIN at Dhan.
- Mainboard IPOs: not stated at Bigul (Bonanza), Yes, free, with UPI at Dhan.
- SME IPOs: not stated at Bigul (Bonanza), Yes, SME IPOs can be applied for with mobile UPI at Dhan.
The same at both: account opening.
Bigul (Bonanza) vs Dhan: charges side by side
Differs 6 of 7 charges differ between Bigul (Bonanza) and Dhan. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bigul (Bonanza) | Dhan |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 for individuals and HUFs |
| Demat maintenance (AMC) | Free in the first year, then ₹250 a year plus GST; basic services demat accounts: ₹0 up to ₹4 lakh | ₹0 for individuals and HUFs (₹800 plus GST for NRIs, companies, LLPs, firms and trusts) |
| Apply for IPOs | ||
| Mainboard IPOs | Not stated on the pages we checked | Yes, free, with UPI |
| SME IPOs | Not stated on the pages we checked | Yes, SME IPOs can be applied for with mobile UPI |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹18 per order | ₹0 |
| DP charge on selling shares | ₹14.16 per scrip including depository charges and GST | ₹12.50 plus GST per instruction per ISIN |
| Registration | ||
| SEBI registration | INZ000212137 | INZ000006031 |
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 Bigul (Bonanza) and Dhan pages.
Bigul (Bonanza) and Dhan strengths and things worth checking
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.
Dhan
Strengths
- ₹0 brokerage on delivery
- Low DP charge
- ₹0 AMC and account opening
Worth checking
- Dealer orders cost extra
Call and trade is ₹50 plus GST per order.
- MTF rate rises with size
From 12.49% a year, up to 15.49% on larger amounts.
Brokerage calculator: Bigul (Bonanza) vs Dhan
| Charge | Bigul (Bonanza) | Dhan |
|---|
Ours, with NSE rates. Change the trade to see what Bigul (Bonanza) and Dhan would each charge.
Other comparisons
Every comparison with Bigul (Bonanza) or Dhan, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bigul (Bonanza) or Dhan?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹14.75 in broker charges at Dhan and ₹35.40 at Bigul (Bonanza) (our calculation). For two SME lots worth ₹2,50,000: Bigul (Bonanza) ₹35.40, Dhan ₹14.75 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bigul (Bonanza) and Dhan be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Dhan costs ₹247.80 less in broker charges (our calculation). Add the yearly AMC: Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST; Dhan: ₹0 for individuals and HUFs.
Can I apply for SME IPOs on Bigul (Bonanza) and Dhan?
Dhan lets you apply for SME IPOs; Bigul (Bonanza) does not say so on the pages we checked.
What is the demat AMC at Bigul (Bonanza) and Dhan?
Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST. Dhan: ₹0 for individuals and HUFs.
What brokerage do Bigul (Bonanza) and Dhan charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹21.24 at Bigul (Bonanza) and ₹0.00 at Dhan (our calculation from their published rates).