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
Mirae Asset SharekhanSEBI INZ000171337
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹400/yr
- SME IPOs
- Not stated
- Delivery brokerage
- 0.30%
- Cost to sell ₹15,000 of IPO shares
- ₹53.10Brokerage and DP with GST, ours
Where Bigul (Bonanza) and Mirae Asset Sharekhan differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bigul (Bonanza) | Mirae Asset Sharekhan |
|---|---|---|
| One mainboard lot, ₹15,000₹17.70 less at Bigul (Bonanza) | ₹35.40 | ₹53.10 |
| Two SME lots, ₹2,50,000₹849.60 less at Bigul (Bonanza) | ₹35.40 | ₹885.00 |
| A year: 12 mainboard lots sold₹212.40 less at Bigul (Bonanza) | ₹424.80 | ₹637.20 |
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), ₹400 a year, free for the first year at Mirae Asset Sharekhan.
- Equity delivery brokerage: ₹18 per order at Bigul (Bonanza), 0.30% of trade value at Mirae Asset Sharekhan.
- DP charge on selling shares: ₹14.16 per scrip including depository charges and GST at Bigul (Bonanza), Nil when sold through Mirae Asset Sharekhan at Mirae Asset Sharekhan.
- Mainboard IPOs: not stated at Bigul (Bonanza), Yes at Mirae Asset Sharekhan.
The same at both: account opening and SME IPOs.
Bigul (Bonanza) vs Mirae Asset Sharekhan: charges side by side
Differs 5 of 7 charges differ between Bigul (Bonanza) and Mirae Asset Sharekhan. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bigul (Bonanza) | Mirae Asset Sharekhan |
|---|---|---|
| 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 | ₹400 a year, free for the first year |
| Apply for IPOs | ||
| Mainboard IPOs | Not stated on the pages we checked | Yes |
| SME IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹18 per order | 0.30% of trade value (minimum 1 paisa a share) |
| DP charge on selling shares | ₹14.16 per scrip including depository charges and GST | Nil when sold through Mirae Asset Sharekhan |
| Registration | ||
| SEBI registration | INZ000212137 | INZ000171337 |
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 Mirae Asset Sharekhan pages.
Bigul (Bonanza) and Mirae Asset Sharekhan 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.
Mirae Asset Sharekhan
Strengths
- No DP charge on sales
- Free call and trade
- Research and branches
Worth checking
- Percentage brokerage on delivery
0.30% with no cap: ₹45 on a ₹15,000 sale.
- Options per lot
₹39 per lot each side.
- MTF at 18%
Margin trading interest is 18% a year.
Brokerage calculator: Bigul (Bonanza) vs Mirae Asset Sharekhan
Other comparisons
Every comparison with Bigul (Bonanza) or Mirae Asset Sharekhan, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bigul (Bonanza) or Mirae Asset Sharekhan?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹35.40 in broker charges at Bigul (Bonanza) and ₹53.10 at Mirae Asset Sharekhan (our calculation). For two SME lots worth ₹2,50,000: Bigul (Bonanza) ₹35.40, Mirae Asset Sharekhan ₹885.00 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bigul (Bonanza) and Mirae Asset Sharekhan be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Bigul (Bonanza) costs ₹212.40 less in broker charges (our calculation). Add the yearly AMC: Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST; Mirae Asset Sharekhan: ₹400 a year, free for the first year.
Can I apply for SME IPOs on Bigul (Bonanza) and Mirae Asset Sharekhan?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Bigul (Bonanza) and Mirae Asset Sharekhan?
Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST. Mirae Asset Sharekhan: ₹400 a year, free for the first year.
What brokerage do Bigul (Bonanza) and Mirae Asset Sharekhan 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 ₹53.10 at Mirae Asset Sharekhan (our calculation from their published rates).