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
HDFC Securities (HDFC Sky)SEBI INZ000186937
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹240/yr + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹20 or 2.5%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹47.20Brokerage and DP with GST, ours
Where Bigul (Bonanza) and HDFC Securities (HDFC Sky) differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bigul (Bonanza) | HDFC Securities (HDFC Sky) |
|---|---|---|
| One mainboard lot, ₹15,000₹11.80 less at Bigul (Bonanza) | ₹35.40 | ₹47.20 |
| Two SME lots, ₹2,50,000₹11.80 less at Bigul (Bonanza) | ₹35.40 | ₹47.20 |
| A year: 12 mainboard lots sold₹141.60 less at Bigul (Bonanza) | ₹424.80 | ₹566.40 |
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 the first year, then ₹20 a month plus GST at HDFC Securities (HDFC Sky).
- Equity delivery brokerage: ₹18 per order at Bigul (Bonanza), ₹20 or 2.5% per order, whichever is lower at HDFC Securities (HDFC Sky).
- DP charge on selling shares: ₹14.16 per scrip including depository charges and GST at Bigul (Bonanza), ₹20 per scrip at HDFC Securities (HDFC Sky).
- Mainboard IPOs: not stated at Bigul (Bonanza), Yes, on HDFC Sky at HDFC Securities (HDFC Sky).
- SME IPOs: not stated at Bigul (Bonanza), Yes. HDFC Sky says you can apply for SME IPOs in one click at HDFC Securities (HDFC Sky).
The same at both: account opening.
Bigul (Bonanza) vs HDFC Securities (HDFC Sky): charges side by side
Differs 6 of 7 charges differ between Bigul (Bonanza) and HDFC Securities (HDFC Sky). Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bigul (Bonanza) | HDFC Securities (HDFC Sky) |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Free |
| 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 the first year, then ₹20 a month plus GST (basic services demat accounts under ₹50,000: ₹0) |
| Apply for IPOs | ||
| Mainboard IPOs | Not stated on the pages we checked | Yes, on HDFC Sky |
| SME IPOs | Not stated on the pages we checked | Yes. HDFC Sky says you can apply for SME IPOs in one click |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹18 per order | ₹20 or 2.5% per order, whichever is lower |
| DP charge on selling shares | ₹14.16 per scrip including depository charges and GST | ₹20 per scrip (the support page does not say whether GST is extra; we add 18% in our calculation) |
| Registration | ||
| SEBI registration | INZ000212137 | INZ000186937 |
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 HDFC Securities (HDFC Sky) pages.
Bigul (Bonanza) and HDFC Securities (HDFC Sky) 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.
HDFC Securities (HDFC Sky)
Strengths
- Flat ₹20 cap
- SME IPOs
- ₹0 account opening
Worth checking
- AMC after year one
₹20 a month plus GST from the second year.
- Two MTF rates published
The pricing page says 1% a month and the support page says 15% a year. Confirm before you use margin funding.
- DP charge
₹20 per sale.
Brokerage calculator: Bigul (Bonanza) vs HDFC Securities (HDFC Sky)
| Charge | Bigul (Bonanza) | HDFC Securities (HDFC Sky) |
|---|
Ours, with NSE rates. Change the trade to see what Bigul (Bonanza) and HDFC Securities (HDFC Sky) would each charge.
Other comparisons
Every comparison with Bigul (Bonanza) or HDFC Securities (HDFC Sky), or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bigul (Bonanza) or HDFC Securities (HDFC Sky)?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹35.40 in broker charges at Bigul (Bonanza) and ₹47.20 at HDFC Securities (HDFC Sky) (our calculation). For two SME lots worth ₹2,50,000: Bigul (Bonanza) ₹35.40, HDFC Securities (HDFC Sky) ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bigul (Bonanza) and HDFC Securities (HDFC Sky) be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Bigul (Bonanza) costs ₹141.60 less in broker charges (our calculation). Add the yearly AMC: Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST; HDFC Securities (HDFC Sky): ₹0 for the first year, then ₹20 a month plus GST.
Can I apply for SME IPOs on Bigul (Bonanza) and HDFC Securities (HDFC Sky)?
HDFC Securities (HDFC Sky) 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 HDFC Securities (HDFC Sky)?
Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST. HDFC Securities (HDFC Sky): ₹0 for the first year, then ₹20 a month plus GST.
What brokerage do Bigul (Bonanza) and HDFC Securities (HDFC Sky) 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 ₹23.60 at HDFC Securities (HDFC Sky) (our calculation from their published rates).