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
INDmoneySEBI INZ000305337
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- No
- Delivery brokerage
- ₹20 or 0.1%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹39.53Brokerage and DP with GST, ours
Where Bigul (Bonanza) and INDmoney differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bigul (Bonanza) | INDmoney |
|---|---|---|
| One mainboard lot, ₹15,000₹4.13 less at Bigul (Bonanza) | ₹35.40 | ₹39.53 |
| Two SME lots, ₹2,50,000₹10.03 less at Bigul (Bonanza) | ₹35.40 | ₹45.43 |
| A year: 12 mainboard lots sold₹49.56 less at Bigul (Bonanza) | ₹424.80 | ₹474.36 |
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 ₹250 a year plus GST at Bigul (Bonanza), ₹0 at INDmoney.
- Equity delivery brokerage: ₹18 per order at Bigul (Bonanza), 0.1% or ₹20 per executed order, whichever is lower, minimum ₹2 at INDmoney.
- DP charge on selling shares: ₹14.16 per scrip including depository charges and GST at Bigul (Bonanza), ₹18.50 plus GST per ISIN at INDmoney.
- Mainboard IPOs: not stated at Bigul (Bonanza), Yes at INDmoney.
- SME IPOs: not stated at Bigul (Bonanza), Not yet. INDmoney says it does not currently support SME IPOs at INDmoney.
The same at both: account opening.
Bigul (Bonanza) vs INDmoney: charges side by side
Differs 6 of 7 charges differ between Bigul (Bonanza) and INDmoney. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bigul (Bonanza) | INDmoney |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | Free in the first year, then ₹250 a year plus GST; basic services demat accounts: ₹0 up to ₹4 lakh | ₹0 |
| Apply for IPOs | ||
| Mainboard IPOs | Not stated on the pages we checked | Yes |
| SME IPOs | Not stated on the pages we checked | Not yet. INDmoney says it does not currently support SME IPOs |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹18 per order | 0.1% or ₹20 per executed order, whichever is lower, minimum ₹2 |
| DP charge on selling shares | ₹14.16 per scrip including depository charges and GST | ₹18.50 plus GST per ISIN (₹3.50 CDSL and ₹15 INDstocks; ₹3.25 and ₹15.25 for women) |
| Registration | ||
| SEBI registration | INZ000212137 | INZ000305337 |
For other trading, equity intraday, Futures and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the Bigul (Bonanza) and INDmoney pages.
Bigul (Bonanza) and INDmoney 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.
INDmoney
Strengths
- ₹0 AMC and account opening
- Low minimum brokerage
Worth checking
- Desk orders are expensive
₹500 per order through the trading desk.
- DP charge
₹18.50 plus GST per sale.
- No SME IPOs yet
INDmoney says SME IPO applications are not supported at the moment.
Brokerage calculator: Bigul (Bonanza) vs INDmoney
| Charge | Bigul (Bonanza) | INDmoney |
|---|
Ours, with NSE rates. Change the trade to see what Bigul (Bonanza) and INDmoney would each charge.
Other comparisons
Every comparison with Bigul (Bonanza) or INDmoney, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bigul (Bonanza) or INDmoney?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹35.40 in broker charges at Bigul (Bonanza) and ₹39.53 at INDmoney (our calculation). For two SME lots worth ₹2,50,000: Bigul (Bonanza) ₹35.40, INDmoney ₹45.43 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bigul (Bonanza) and INDmoney be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Bigul (Bonanza) costs ₹49.56 less in broker charges (our calculation). Add the yearly AMC: Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST; INDmoney: ₹0.
Can I apply for SME IPOs on Bigul (Bonanza) and INDmoney?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Bigul (Bonanza) and INDmoney?
Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST. INDmoney: ₹0.
What brokerage do Bigul (Bonanza) and INDmoney 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 ₹17.70 at INDmoney (our calculation from their published rates).