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
PhonePe Invest (Share.Market)SEBI INZ000302639
- Account opening
- Not stated
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 0.05%, lower
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where 5paisa and PhonePe Invest (Share.Market) differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | 5paisa | PhonePe Invest (Share.Market) |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹14.75 less at PhonePe Invest (Share.Market); a DP charge is not published | ₹38.94 | ₹8.85 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Same brokerage at both; a DP charge is not published | ₹38.94 | ₹23.60 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹177.00 less at PhonePe Invest (Share.Market); a DP charge is not published | ₹467.28 | ₹106.20 brokerage; DP charge not published |
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.
- Account opening: ₹0 at 5paisa, not stated at PhonePe Invest (Share.Market).
- Demat maintenance (AMC): ₹25 a month plus GST, as listed on the pricing page at 5paisa, not stated at PhonePe Invest (Share.Market).
- Equity delivery brokerage: ₹20 per executed order at 5paisa, ₹20 or 0.05% per executed order, whichever is lower at PhonePe Invest (Share.Market).
- DP charge on selling shares: ₹15.34 per scrip per day at 5paisa, not stated at PhonePe Invest (Share.Market).
- SME IPOs: Yes, SME IPOs are listed with an apply option at 5paisa, not stated at PhonePe Invest (Share.Market).
The same at both: mainboard IPOs.
5paisa vs PhonePe Invest (Share.Market): charges side by side
Differs 6 of 7 charges differ between 5paisa and PhonePe Invest (Share.Market). Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | 5paisa | PhonePe Invest (Share.Market) |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Not stated on the pages we checked |
| 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 | 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 | ₹20 or 0.05% per executed order, whichever is lower |
| DP charge on selling shares | ₹15.34 per scrip per day | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000010231 | INZ000302639 |
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 PhonePe Invest (Share.Market) pages.
5paisa and PhonePe Invest (Share.Market) 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.
PhonePe Invest (Share.Market)
Strengths
- Low cap on small orders
Worth checking
- Account and DP charges not on the tariff page
The tariff page we read lists no account opening, AMC or DP charge.
- Dealer orders
₹30 extra per order for call and trade or auto square-off.
Brokerage calculator: 5paisa vs PhonePe Invest (Share.Market)
| Charge | 5paisa | PhonePe Invest (Share.Market) |
|---|
Ours, with NSE rates. Change the trade to see what 5paisa and PhonePe Invest (Share.Market) would each charge.
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Every comparison with 5paisa or PhonePe Invest (Share.Market), or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, 5paisa or PhonePe Invest (Share.Market)?
PhonePe Invest (Share.Market) does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. On brokerage alone, one mainboard lot (₹15,000) costs ₹14.75 less at PhonePe Invest (Share.Market) (our calculation). For two SME lots worth ₹2,50,000: 5paisa ₹38.94, PhonePe Invest (Share.Market) ₹23.60 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between 5paisa and PhonePe Invest (Share.Market) be over a year?
Not in full, because PhonePe Invest (Share.Market) does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹177.00 less at PhonePe Invest (Share.Market) (our calculation).
Can I apply for SME IPOs on 5paisa and PhonePe Invest (Share.Market)?
5paisa lets you apply for SME IPOs; PhonePe Invest (Share.Market) does not say so on the pages we checked.
Is account opening free at 5paisa and PhonePe Invest (Share.Market)?
5paisa: ₹0. PhonePe Invest (Share.Market): not stated.
What is the demat AMC at 5paisa and PhonePe Invest (Share.Market)?
5paisa: ₹25 a month plus GST, as listed on the pricing page. PhonePe Invest (Share.Market): not stated.