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
HDFC Securities (HDFC Sky)SEBI INZ000186937
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹240/yr + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹20 or 2.5%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹47.20Brokerage and DP with GST, ours
Where 5paisa and HDFC Securities (HDFC Sky) differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | 5paisa | HDFC Securities (HDFC Sky) |
|---|---|---|
| One mainboard lot, ₹15,000₹8.26 less at 5paisa | ₹38.94 | ₹47.20 |
| Two SME lots, ₹2,50,000₹8.26 less at 5paisa | ₹38.94 | ₹47.20 |
| A year: 12 mainboard lots sold₹99.12 less at 5paisa | ₹467.28 | ₹566.40 |
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 the first year, then ₹20 a month plus GST at HDFC Securities (HDFC Sky).
- Equity delivery brokerage: ₹20 per executed order at 5paisa, ₹20 or 2.5% per order, whichever is lower at HDFC Securities (HDFC Sky).
- DP charge on selling shares: ₹15.34 per scrip per day at 5paisa, ₹20 per scrip at HDFC Securities (HDFC Sky).
The same at both: account opening, Mainboard IPOs and SME IPOs.
5paisa vs HDFC Securities (HDFC Sky): charges side by side
Differs 4 of 7 charges differ between 5paisa and HDFC Securities (HDFC Sky). Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | 5paisa | HDFC Securities (HDFC Sky) |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Free |
| Demat maintenance (AMC) | ₹25 a month plus GST, as listed on the pricing page | ₹0 for the first year, then ₹20 a month plus GST (basic services demat accounts under ₹50,000: ₹0) |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the current IPO section | Yes, on HDFC Sky |
| SME IPOs | Yes, SME IPOs are listed with an apply option | Yes. HDFC Sky says you can apply for SME IPOs in one click |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 per executed order | ₹20 or 2.5% per order, whichever is lower |
| DP charge on selling shares | ₹15.34 per scrip per day | ₹20 per scrip (the support page does not say whether GST is extra; we add 18% in our calculation) |
| Registration | ||
| SEBI registration | INZ000010231 | INZ000186937 |
For other trading, equity intraday, Futures and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the 5paisa and HDFC Securities (HDFC Sky) pages.
5paisa and HDFC Securities (HDFC Sky) 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.
HDFC Securities (HDFC Sky)
Strengths
- Flat ₹20 cap
- SME IPOs
- ₹0 account opening
Worth checking
- AMC after year one
₹20 a month plus GST from the second year.
- Two MTF rates published
The pricing page says 1% a month and the support page says 15% a year. Confirm before you use margin funding.
- DP charge
₹20 per sale.
Brokerage calculator: 5paisa vs HDFC Securities (HDFC Sky)
| Charge | 5paisa | HDFC Securities (HDFC Sky) |
|---|
Ours, with NSE rates. Change the trade to see what 5paisa and HDFC Securities (HDFC Sky) would each charge.
Other comparisons
Every comparison with 5paisa or HDFC Securities (HDFC Sky), or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, 5paisa or HDFC Securities (HDFC Sky)?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹38.94 in broker charges at 5paisa and ₹47.20 at HDFC Securities (HDFC Sky) (our calculation). For two SME lots worth ₹2,50,000: 5paisa ₹38.94, HDFC Securities (HDFC Sky) ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between 5paisa and HDFC Securities (HDFC Sky) be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, 5paisa costs ₹99.12 less in broker charges (our calculation). Add the yearly AMC: 5paisa: ₹25 a month plus GST, as listed on the pricing page; HDFC Securities (HDFC Sky): ₹0 for the first year, then ₹20 a month plus GST.
Can I apply for SME IPOs on 5paisa and HDFC Securities (HDFC Sky)?
Both let you apply for SME IPOs.
What is the demat AMC at 5paisa and HDFC Securities (HDFC Sky)?
5paisa: ₹25 a month plus GST, as listed on the pricing page. HDFC Securities (HDFC Sky): ₹0 for the first year, then ₹20 a month plus GST.
What brokerage do 5paisa and HDFC Securities (HDFC Sky) 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 HDFC Securities (HDFC Sky) (our calculation from their published rates).