5paisaSEBI INZ000010231
- Account opening
- ₹0
- Demat AMC
- ₹25/month + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- ₹38.94Brokerage and DP with GST, ours
Alice BlueSEBI INZ000156038
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 2.5%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹41.30Brokerage and DP with GST, ours
Where 5paisa and Alice Blue differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | 5paisa | Alice Blue |
|---|---|---|
| One mainboard lot, ₹15,000₹2.36 less at 5paisa | ₹38.94 | ₹41.30 |
| Two SME lots, ₹2,50,000₹2.36 less at 5paisa | ₹38.94 | ₹41.30 |
| A year: 12 mainboard lots sold₹28.32 less at 5paisa | ₹467.28 | ₹495.60 |
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): ₹25 a month plus GST, as listed on the pricing page at 5paisa, ₹0 for life on the current plan at Alice Blue.
- DP charge on selling shares: ₹15.34 per scrip per day at 5paisa, ₹15 plus GST per scrip, on sales only at Alice Blue.
- SME IPOs: Yes, SME IPOs are listed with an apply option at 5paisa, not stated at Alice Blue.
The same at both: account opening, Equity delivery brokerage and Mainboard IPOs.
5paisa vs Alice Blue: charges side by side
Differs 4 of 7 charges differ between 5paisa and Alice Blue. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | 5paisa | Alice Blue |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹25 a month plus GST, as listed on the pricing page | ₹0 for life on the current plan |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the current IPO section | Yes, with ₹0 brokerage |
| SME IPOs | Yes, SME IPOs are listed with an apply option | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 per executed order | ₹20 or 2.5 per executed order, whichever is lower, as shown on the pricing page |
| DP charge on selling shares | ₹15.34 per scrip per day | ₹15 plus GST per scrip, on sales only |
| Registration | ||
| SEBI registration | INZ000010231 | INZ000156038 |
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 5paisa and Alice Blue pages.
5paisa and Alice Blue strengths and things worth checking
5paisa
Strengths
- Cheaper dealer orders
- ₹0 pledge
- SME IPOs
Worth checking
- Two pages, two headline prices
The brokerage charges page shows ₹0 "for all trades" while the pricing page lists ₹20 per order. Confirm which applies before you open an account.
- AMC
₹25 a month plus GST as listed.
- Flat ₹20 on delivery
Even small IPO share sales pay ₹20 brokerage.
Alice Blue
Strengths
- ₹0 AMC for life
- IPO applications free
Worth checking
- Brokerage on delivery
Up to ₹20 per order.
- DP charge
₹15 plus GST per sale.
Brokerage calculator: 5paisa vs Alice Blue
| Charge | 5paisa | Alice Blue |
|---|
Ours, with NSE rates. Change the trade to see what 5paisa and Alice Blue would each charge.
Other comparisons
Every comparison with 5paisa or Alice Blue, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, 5paisa or Alice Blue?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹38.94 in broker charges at 5paisa and ₹41.30 at Alice Blue (our calculation). For two SME lots worth ₹2,50,000: 5paisa ₹38.94, Alice Blue ₹41.30 (our calculation, brokerage and DP charge with GST).
How much would the difference between 5paisa and Alice Blue be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, 5paisa costs ₹28.32 less in broker charges (our calculation). Add the yearly AMC: 5paisa: ₹25 a month plus GST, as listed on the pricing page; Alice Blue: ₹0 for life on the current plan.
Can I apply for SME IPOs on 5paisa and Alice Blue?
5paisa lets you apply for SME IPOs; Alice Blue does not say so on the pages we checked.
What is the demat AMC at 5paisa and Alice Blue?
5paisa: ₹25 a month plus GST, as listed on the pricing page. Alice Blue: ₹0 for life on the current plan.
What DP charge do 5paisa and Alice Blue take when I sell IPO shares?
For one sale of ₹15,000, with GST: ₹15.34 at 5paisa; ₹17.70 at Alice Blue (our calculation). It is charged on each sale from your demat account.