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
DhanSEBI INZ000006031
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Yes
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹14.75Brokerage and DP with GST, ours
Where 5paisa and Dhan differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | 5paisa | Dhan |
|---|---|---|
| One mainboard lot, ₹15,000₹24.19 less at Dhan | ₹38.94 | ₹14.75 |
| Two SME lots, ₹2,50,000₹24.19 less at Dhan | ₹38.94 | ₹14.75 |
| A year: 12 mainboard lots sold₹290.28 less at Dhan | ₹467.28 | ₹177.00 |
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 individuals and HUFs at Dhan.
- Equity delivery brokerage: ₹20 per executed order at 5paisa, ₹0 at Dhan.
- DP charge on selling shares: ₹15.34 per scrip per day at 5paisa, ₹12.50 plus GST per instruction per ISIN at Dhan.
The same at both: account opening, Mainboard IPOs and SME IPOs.
5paisa vs Dhan: charges side by side
Differs 4 of 7 charges differ between 5paisa and Dhan. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | 5paisa | Dhan |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 for individuals and HUFs |
| Demat maintenance (AMC) | ₹25 a month plus GST, as listed on the pricing page | ₹0 for individuals and HUFs (₹800 plus GST for NRIs, companies, LLPs, firms and trusts) |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the current IPO section | Yes, free, with UPI |
| SME IPOs | Yes, SME IPOs are listed with an apply option | Yes, SME IPOs can be applied for with mobile UPI |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 per executed order | ₹0 |
| DP charge on selling shares | ₹15.34 per scrip per day | ₹12.50 plus GST per instruction per ISIN |
| Registration | ||
| SEBI registration | INZ000010231 | INZ000006031 |
For other trading, equity intraday, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the 5paisa and Dhan pages.
5paisa and Dhan 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.
Dhan
Strengths
- ₹0 brokerage on delivery
- Low DP charge
- ₹0 AMC and account opening
Worth checking
- Dealer orders cost extra
Call and trade is ₹50 plus GST per order.
- MTF rate rises with size
From 12.49% a year, up to 15.49% on larger amounts.
Brokerage calculator: 5paisa vs Dhan
| Charge | 5paisa | Dhan |
|---|
Ours, with NSE rates. Change the trade to see what 5paisa and Dhan would each charge.
Other comparisons
Every comparison with 5paisa or Dhan, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, 5paisa or Dhan?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹14.75 in broker charges at Dhan and ₹38.94 at 5paisa (our calculation). For two SME lots worth ₹2,50,000: 5paisa ₹38.94, Dhan ₹14.75 (our calculation, brokerage and DP charge with GST).
How much would the difference between 5paisa and Dhan be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Dhan costs ₹290.28 less in broker charges (our calculation). Add the yearly AMC: 5paisa: ₹25 a month plus GST, as listed on the pricing page; Dhan: ₹0 for individuals and HUFs.
Can I apply for SME IPOs on 5paisa and Dhan?
Both let you apply for SME IPOs.
What is the demat AMC at 5paisa and Dhan?
5paisa: ₹25 a month plus GST, as listed on the pricing page. Dhan: ₹0 for individuals and HUFs.
What brokerage do 5paisa and Dhan 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 ₹0.00 at Dhan (our calculation from their published rates).