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
IIFL CapitalSEBI INZ000164132
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹250/yr + GST
- SME IPOs
- Not stated
- Delivery brokerage
- 0.25%
- Cost to sell ₹15,000 of IPO shares
- ₹73.75Brokerage and DP with GST, ours
Where 5paisa and IIFL Capital differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | 5paisa | IIFL Capital |
|---|---|---|
| One mainboard lot, ₹15,000₹34.81 less at 5paisa | ₹38.94 | ₹73.75 |
| Two SME lots, ₹2,50,000₹728.06 less at 5paisa | ₹38.94 | ₹767.00 |
| A year: 12 mainboard lots sold₹417.72 less at 5paisa | ₹467.28 | ₹885.00 |
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 in the first year, then ₹250 plus GST a year at IIFL Capital.
- Equity delivery brokerage: ₹20 per executed order at 5paisa, 0.25% at IIFL Capital.
- DP charge on selling shares: ₹15.34 per scrip per day at 5paisa, ₹25 plus GST per scrip at IIFL Capital.
- SME IPOs: Yes, SME IPOs are listed with an apply option at 5paisa, not stated at IIFL Capital.
The same at both: account opening and Mainboard IPOs.
5paisa vs IIFL Capital: charges side by side
Differs 5 of 7 charges differ between 5paisa and IIFL Capital. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | 5paisa | IIFL Capital |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹25 a month plus GST, as listed on the pricing page | ₹0 in the first year, then ₹250 plus GST a year |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the current IPO section | Yes |
| 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 | 0.25% |
| DP charge on selling shares | ₹15.34 per scrip per day | ₹25 plus GST per scrip |
| Registration | ||
| SEBI registration | INZ000010231 | INZ000164132 |
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 IIFL Capital pages.
5paisa and IIFL Capital 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.
IIFL Capital
Strengths
- Full-service support
- Lower AMC
Worth checking
- Percentage brokerage on delivery
0.25% with no cap: ₹37.50 on a ₹15,000 sale.
- DP charge
₹25 plus GST per sale.
- System square-off
₹100 per order.
Brokerage calculator: 5paisa vs IIFL Capital
| Charge | 5paisa | IIFL Capital |
|---|
Ours, with NSE rates. Change the trade to see what 5paisa and IIFL Capital would each charge.
Other comparisons
Every comparison with 5paisa or IIFL Capital, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, 5paisa or IIFL Capital?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹38.94 in broker charges at 5paisa and ₹73.75 at IIFL Capital (our calculation). For two SME lots worth ₹2,50,000: 5paisa ₹38.94, IIFL Capital ₹767.00 (our calculation, brokerage and DP charge with GST).
How much would the difference between 5paisa and IIFL Capital be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, 5paisa costs ₹417.72 less in broker charges (our calculation). Add the yearly AMC: 5paisa: ₹25 a month plus GST, as listed on the pricing page; IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year.
Can I apply for SME IPOs on 5paisa and IIFL Capital?
5paisa lets you apply for SME IPOs; IIFL Capital does not say so on the pages we checked.
What is the demat AMC at 5paisa and IIFL Capital?
5paisa: ₹25 a month plus GST, as listed on the pricing page. IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year.
What brokerage do 5paisa and IIFL Capital 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 ₹44.25 at IIFL Capital (our calculation from their published rates).