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
UpstoxSEBI INZ000315837
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹300/yr + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- ₹47.20Brokerage and DP with GST, ours
Where 5paisa and Upstox differ
3 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | 5paisa | Upstox |
|---|---|---|
| One mainboard lot, ₹15,000₹8.26 less at 5paisa | ₹38.94 | ₹47.20 |
| Two SME lots, ₹2,50,000₹8.26 less at 5paisa | ₹38.94 | ₹47.20 |
| A year: 12 mainboard lots sold₹99.12 less at 5paisa | ₹467.28 | ₹566.40 |
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 for new customers, then ₹300 plus GST a year at Upstox.
- DP charge on selling shares: ₹15.34 per scrip per day at 5paisa, ₹20 plus GST per scrip per day at Upstox.
The same at both: account opening, Equity delivery brokerage, Mainboard IPOs and SME IPOs.
5paisa vs Upstox: charges side by side
Differs 3 of 7 charges differ between 5paisa and Upstox. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | 5paisa | Upstox |
|---|---|---|
| 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 for new customers, then ₹300 plus GST a year (BSDA accounts have separate terms) |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the current IPO section | Yes, in the IPO section of the app with a UPI mandate |
| SME IPOs | Yes, SME IPOs are listed with an apply option | Yes, using the SME IPO filter in the IPO section. SME bids need a price; cut-off is not allowed |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 per executed order | ₹20 per executed order |
| DP charge on selling shares | ₹15.34 per scrip per day | ₹20 plus GST per scrip per day (₹3.50 CDSL and ₹16.50 Upstox; ₹3.25 and ₹16.75 for women) |
| Registration | ||
| SEBI registration | INZ000010231 | INZ000315837 |
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 Upstox pages.
5paisa and Upstox 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.
Upstox
Strengths
- Zero commission on IPOs
- ₹0 account opening
- SME IPOs in the app
Worth checking
- Flat ₹20 on delivery
Even a small sale of IPO shares costs ₹20 brokerage plus a ₹20 plus GST DP charge.
- Dealer orders cost more
Call and trade and auto square-off cost ₹75 plus GST each.
- AMC after the first year
₹300 plus GST a year.
Brokerage calculator: 5paisa vs Upstox
| Charge | 5paisa | Upstox |
|---|
Ours, with NSE rates. Change the trade to see what 5paisa and Upstox would each charge.
Other comparisons
Every comparison with 5paisa or Upstox, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, 5paisa or Upstox?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹38.94 in broker charges at 5paisa and ₹47.20 at Upstox (our calculation). For two SME lots worth ₹2,50,000: 5paisa ₹38.94, Upstox ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between 5paisa and Upstox be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, 5paisa costs ₹99.12 less in broker charges (our calculation). Add the yearly AMC: 5paisa: ₹25 a month plus GST, as listed on the pricing page; Upstox: ₹0 in the first year for new customers, then ₹300 plus GST a year.
Can I apply for SME IPOs on 5paisa and Upstox?
Both let you apply for SME IPOs.
What is the demat AMC at 5paisa and Upstox?
5paisa: ₹25 a month plus GST, as listed on the pricing page. Upstox: ₹0 in the first year for new customers, then ₹300 plus GST a year.
What DP charge do 5paisa and Upstox take when I sell IPO shares?
For one sale of ₹15,000, with GST: ₹15.34 at 5paisa; ₹23.60 at Upstox (our calculation). It is charged on each sale from your demat account.