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
SahiSEBI INZ000317632
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹10 or 0.05%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹24.78Brokerage and DP with GST, ours
Where 5paisa and Sahi differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | 5paisa | Sahi |
|---|---|---|
| One mainboard lot, ₹15,000₹14.16 less at Sahi | ₹38.94 | ₹24.78 |
| Two SME lots, ₹2,50,000₹11.21 less at Sahi | ₹38.94 | ₹27.73 |
| A year: 12 mainboard lots sold₹169.92 less at Sahi | ₹467.28 | ₹297.36 |
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, Free at Sahi.
- Equity delivery brokerage: ₹20 per executed order at 5paisa, ₹10 or 0.05% per order, whichever is lower at Sahi.
- DP charge on selling shares: ₹15.34 per scrip per day at 5paisa, ₹13.50 per company at Sahi.
- SME IPOs: Yes, SME IPOs are listed with an apply option at 5paisa, not stated at Sahi.
The same at both: account opening and Mainboard IPOs.
5paisa vs Sahi: charges side by side
Differs 5 of 7 charges differ between 5paisa and Sahi. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | 5paisa | Sahi |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Free |
| Demat maintenance (AMC) | ₹25 a month plus GST, as listed on the pricing page | Free |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the current IPO section | Yes, free |
| 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 | ₹10 or 0.05% per order, whichever is lower |
| DP charge on selling shares | ₹15.34 per scrip per day | ₹13.50 per company (GST not stated; we add 18% in our calculation) |
| Registration | ||
| SEBI registration | INZ000010231 | INZ000317632 |
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 Sahi pages.
5paisa and Sahi 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.
Sahi
Strengths
- ₹10 cap
- ₹0 AMC and account opening
- IPOs free
Worth checking
- Newer broker
Registered with SEBI in 2024.
- DP charge
₹13.50 per sale.
Brokerage calculator: 5paisa vs Sahi
| Charge | 5paisa | Sahi |
|---|
Ours, with NSE rates. Change the trade to see what 5paisa and Sahi would each charge.
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Frequently asked questions
Which is cheaper for selling IPO shares, 5paisa or Sahi?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹24.78 in broker charges at Sahi and ₹38.94 at 5paisa (our calculation). For two SME lots worth ₹2,50,000: 5paisa ₹38.94, Sahi ₹27.73 (our calculation, brokerage and DP charge with GST).
How much would the difference between 5paisa and Sahi be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Sahi costs ₹169.92 less in broker charges (our calculation). Add the yearly AMC: 5paisa: ₹25 a month plus GST, as listed on the pricing page; Sahi: Free.
Can I apply for SME IPOs on 5paisa and Sahi?
5paisa lets you apply for SME IPOs; Sahi does not say so on the pages we checked.
What is the demat AMC at 5paisa and Sahi?
5paisa: ₹25 a month plus GST, as listed on the pricing page. Sahi: Free.
What brokerage do 5paisa and Sahi 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 ₹8.85 at Sahi (our calculation from their published rates).