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
JainamSEBI INZ000198735
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 (DIY) or 0.4%
- Cost to sell ₹15,000 of IPO shares
- ₹44.84Brokerage and DP with GST, ours
Where 5paisa and Jainam differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | 5paisa | Jainam |
|---|---|---|
| One mainboard lot, ₹15,000₹5.90 less at 5paisa | ₹38.94 | ₹44.84 |
| Two SME lots, ₹2,50,000₹5.90 less at 5paisa | ₹38.94 | ₹44.84 |
| A year: 12 mainboard lots sold₹70.80 less at 5paisa | ₹467.28 | ₹538.08 |
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, not stated at Jainam.
- Equity delivery brokerage: ₹20 per executed order at 5paisa, DIY: ₹20 per order at Jainam.
- DP charge on selling shares: ₹15.34 per scrip per day at 5paisa, DIY: ₹18 per scrip at Jainam.
- Mainboard IPOs: Yes, in the current IPO section at 5paisa, not stated at Jainam.
- SME IPOs: Yes, SME IPOs are listed with an apply option at 5paisa, not stated at Jainam.
The same at both: account opening.
5paisa vs Jainam: charges side by side
Differs 6 of 7 charges differ between 5paisa and Jainam. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | 5paisa | Jainam |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 online |
| Demat maintenance (AMC) | ₹25 a month plus GST, as listed on the pricing page | Not stated on the pages we checked |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the current IPO section | Not stated on the pages we checked |
| 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 | DIY: ₹20 per order; Premium: 0.4% |
| DP charge on selling shares | ₹15.34 per scrip per day | DIY: ₹18 per scrip; Premium: ₹25 per request plus GST |
| Registration | ||
| SEBI registration | INZ000010231 | INZ000198735 |
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 Jainam pages.
5paisa and Jainam 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.
Jainam
Strengths
- Two plans
Worth checking
- Premium delivery is 0.4%
₹60 on a ₹15,000 sale on the Premium plan. Our calculator uses the DIY plan.
- DIY dealer orders cost ₹70
Plus ₹20 brokerage and GST.
Brokerage calculator: 5paisa vs Jainam
| Charge | 5paisa | Jainam |
|---|
Ours, with NSE rates. Change the trade to see what 5paisa and Jainam would each charge.
Other comparisons
Every comparison with 5paisa or Jainam, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, 5paisa or Jainam?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹38.94 in broker charges at 5paisa and ₹44.84 at Jainam (our calculation). For two SME lots worth ₹2,50,000: 5paisa ₹38.94, Jainam ₹44.84 (our calculation, brokerage and DP charge with GST).
How much would the difference between 5paisa and Jainam be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, 5paisa costs ₹70.80 less in broker charges (our calculation). Add the yearly AMC: 5paisa: ₹25 a month plus GST, as listed on the pricing page; Jainam: not stated.
Can I apply for SME IPOs on 5paisa and Jainam?
5paisa lets you apply for SME IPOs; Jainam does not say so on the pages we checked.
What is the demat AMC at 5paisa and Jainam?
5paisa: ₹25 a month plus GST, as listed on the pricing page. Jainam: not stated.
What brokerage do 5paisa and Jainam 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 Jainam (our calculation from their published rates).