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
Mirae Asset SharekhanSEBI INZ000171337
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹400/yr
- SME IPOs
- Not stated
- Delivery brokerage
- 0.30%
- Cost to sell ₹15,000 of IPO shares
- ₹53.10Brokerage and DP with GST, ours
Where 5paisa and Mirae Asset Sharekhan differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | 5paisa | Mirae Asset Sharekhan |
|---|---|---|
| One mainboard lot, ₹15,000₹14.16 less at 5paisa | ₹38.94 | ₹53.10 |
| Two SME lots, ₹2,50,000₹846.06 less at 5paisa | ₹38.94 | ₹885.00 |
| A year: 12 mainboard lots sold₹169.92 less at 5paisa | ₹467.28 | ₹637.20 |
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, ₹400 a year, free for the first year at Mirae Asset Sharekhan.
- Equity delivery brokerage: ₹20 per executed order at 5paisa, 0.30% of trade value at Mirae Asset Sharekhan.
- DP charge on selling shares: ₹15.34 per scrip per day at 5paisa, Nil when sold through Mirae Asset Sharekhan at Mirae Asset Sharekhan.
- SME IPOs: Yes, SME IPOs are listed with an apply option at 5paisa, not stated at Mirae Asset Sharekhan.
The same at both: account opening and Mainboard IPOs.
5paisa vs Mirae Asset Sharekhan: charges side by side
Differs 5 of 7 charges differ between 5paisa and Mirae Asset Sharekhan. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | 5paisa | Mirae Asset Sharekhan |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | ₹25 a month plus GST, as listed on the pricing page | ₹400 a year, free for the first 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 | 0.30% of trade value (minimum 1 paisa a share) |
| DP charge on selling shares | ₹15.34 per scrip per day | Nil when sold through Mirae Asset Sharekhan |
| Registration | ||
| SEBI registration | INZ000010231 | INZ000171337 |
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 Mirae Asset Sharekhan pages.
5paisa and Mirae Asset Sharekhan 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.
Mirae Asset Sharekhan
Strengths
- No DP charge on sales
- Free call and trade
- Research and branches
Worth checking
- Percentage brokerage on delivery
0.30% with no cap: ₹45 on a ₹15,000 sale.
- Options per lot
₹39 per lot each side.
- MTF at 18%
Margin trading interest is 18% a year.
Brokerage calculator: 5paisa vs Mirae Asset Sharekhan
Other comparisons
Every comparison with 5paisa or Mirae Asset Sharekhan, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, 5paisa or Mirae Asset Sharekhan?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹38.94 in broker charges at 5paisa and ₹53.10 at Mirae Asset Sharekhan (our calculation). For two SME lots worth ₹2,50,000: 5paisa ₹38.94, Mirae Asset Sharekhan ₹885.00 (our calculation, brokerage and DP charge with GST).
How much would the difference between 5paisa and Mirae Asset Sharekhan be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, 5paisa 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; Mirae Asset Sharekhan: ₹400 a year, free for the first year.
Can I apply for SME IPOs on 5paisa and Mirae Asset Sharekhan?
5paisa lets you apply for SME IPOs; Mirae Asset Sharekhan does not say so on the pages we checked.
What is the demat AMC at 5paisa and Mirae Asset Sharekhan?
5paisa: ₹25 a month plus GST, as listed on the pricing page. Mirae Asset Sharekhan: ₹400 a year, free for the first year.
What brokerage do 5paisa and Mirae Asset Sharekhan 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 ₹53.10 at Mirae Asset Sharekhan (our calculation from their published rates).