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
GrowwSEBI INZ000301838
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Yes
- Delivery brokerage
- ₹20 or 0.1%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹41.30Brokerage and DP with GST, ours
Where 5paisa and Groww differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | 5paisa | Groww |
|---|---|---|
| One mainboard lot, ₹15,000₹2.36 less at 5paisa | ₹38.94 | ₹41.30 |
| Two SME lots, ₹2,50,000₹8.26 less at 5paisa | ₹38.94 | ₹47.20 |
| 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 at Groww.
- Equity delivery brokerage: ₹20 per executed order at 5paisa, ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Groww.
- DP charge on selling shares: ₹15.34 per scrip per day at 5paisa, ₹3.50 depository at Groww.
The same at both: account opening, Mainboard IPOs and SME IPOs.
5paisa vs Groww: charges side by side
Differs 4 of 7 charges differ between 5paisa and Groww. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | 5paisa | Groww |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹25 a month plus GST, as listed on the pricing page | ₹0 |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the current IPO section | Yes, in the Stocks tab of the app with a UPI mandate. The mandate request arrives within an hour or two |
| SME IPOs | Yes, SME IPOs are listed with an apply option | Yes, SME IPOs can be applied for on Groww |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 per executed order | ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 |
| DP charge on selling shares | ₹15.34 per scrip per day | ₹3.50 depository (₹3.25 for women) plus ₹16.50 Groww per sell, plus GST; ₹0 when the debit value is under ₹100 |
| Registration | ||
| SEBI registration | INZ000010231 | INZ000301838 |
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 Groww pages.
5paisa and Groww 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.
Groww
Strengths
- ₹0 AMC
- ₹0 account opening
- SME IPOs in the app
Worth checking
- Brokerage on delivery
Up to ₹20 per order (0.1%, minimum ₹5) when you sell IPO shares.
- DP charge on sale
₹20 plus GST each time you sell a stock from your demat account.
Brokerage calculator: 5paisa vs Groww
| Charge | 5paisa | Groww |
|---|
Ours, with NSE rates. Change the trade to see what 5paisa and Groww would each charge.
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Frequently asked questions
Which is cheaper for selling IPO shares, 5paisa or Groww?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹38.94 in broker charges at 5paisa and ₹41.30 at Groww (our calculation). For two SME lots worth ₹2,50,000: 5paisa ₹38.94, Groww ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between 5paisa and Groww 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; Groww: ₹0.
Can I apply for SME IPOs on 5paisa and Groww?
Both let you apply for SME IPOs.
What is the demat AMC at 5paisa and Groww?
5paisa: ₹25 a month plus GST, as listed on the pricing page. Groww: ₹0.
What brokerage do 5paisa and Groww 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 ₹17.70 at Groww (our calculation from their published rates).