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
Bajaj BrokingSEBI INZ000218931
- Account opening
- ₹0
- Demat AMC
- ₹0 (pack ₹431/yr from year 2)
- SME IPOs
- Yes
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- ₹64.90Brokerage and DP with GST, ours
Where 5paisa and Bajaj Broking differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | 5paisa | Bajaj Broking |
|---|---|---|
| One mainboard lot, ₹15,000₹25.96 less at 5paisa | ₹38.94 | ₹64.90 |
| Two SME lots, ₹2,50,000₹25.96 less at 5paisa | ₹38.94 | ₹64.90 |
| A year: 12 mainboard lots sold₹311.52 less at 5paisa | ₹467.28 | ₹778.80 |
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, Nil, but the Freedom Pack subscription is ₹431 a year from the second… at Bajaj Broking.
- Equity delivery brokerage: ₹20 per executed order at 5paisa, ₹20 per order at Bajaj Broking.
- DP charge on selling shares: ₹15.34 per scrip per day at 5paisa, ₹35 or 0.0002% of the value, whichever is higher, plus taxes at Bajaj Broking.
The same at both: account opening, Mainboard IPOs and SME IPOs.
5paisa vs Bajaj Broking: charges side by side
Differs 4 of 7 charges differ between 5paisa and Bajaj Broking. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | 5paisa | Bajaj Broking |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Nil |
| Demat maintenance (AMC) | ₹25 a month plus GST, as listed on the pricing page | Nil, but the Freedom Pack subscription is ₹431 a year from the second year (free in the first) |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the current IPO section | Yes |
| SME IPOs | Yes, SME IPOs are listed with an apply option | Yes. SME IPOs are listed with an Apply Now option |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 per executed order | ₹20 per order (Professional Pack: ₹10, for ₹2,500 a year) |
| DP charge on selling shares | ₹15.34 per scrip per day | ₹35 or 0.0002% of the value, whichever is higher, plus taxes |
| Registration | ||
| SEBI registration | INZ000010231 | INZ000218931 |
For other trading, margin trading (MTF) interest differs too. Intraday, futures, call and trade and margin charges are on the 5paisa and Bajaj Broking pages.
5paisa and Bajaj Broking 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.
Bajaj Broking
Strengths
- Cheaper dealer orders
- No demat AMC
- SME IPOs
Worth checking
- Pack fee from year two
₹431 a year for the Freedom Pack.
- Higher DP charge
₹35 plus taxes per sale.
Brokerage calculator: 5paisa vs Bajaj Broking
| Charge | 5paisa | Bajaj Broking |
|---|
Ours, with NSE rates. Change the trade to see what 5paisa and Bajaj Broking would each charge.
Other comparisons
Every comparison with 5paisa or Bajaj Broking, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, 5paisa or Bajaj Broking?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹38.94 in broker charges at 5paisa and ₹64.90 at Bajaj Broking (our calculation). For two SME lots worth ₹2,50,000: 5paisa ₹38.94, Bajaj Broking ₹64.90 (our calculation, brokerage and DP charge with GST).
How much would the difference between 5paisa and Bajaj Broking be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, 5paisa costs ₹311.52 less in broker charges (our calculation). Add the yearly AMC: 5paisa: ₹25 a month plus GST, as listed on the pricing page; Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second….
Can I apply for SME IPOs on 5paisa and Bajaj Broking?
Both let you apply for SME IPOs.
What is the demat AMC at 5paisa and Bajaj Broking?
5paisa: ₹25 a month plus GST, as listed on the pricing page. Bajaj Broking: Nil, but the Freedom Pack subscription is ₹431 a year from the second….
What brokerage do 5paisa and Bajaj Broking charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹23.60 at 5paisa and ₹23.60 at Bajaj Broking (our calculation from their published rates).