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
ZerodhaSEBI INZ000031633
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹300/yr + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹15.34Brokerage and DP with GST, ours
Where 5paisa and Zerodha differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | 5paisa | Zerodha |
|---|---|---|
| One mainboard lot, ₹15,000₹23.60 less at Zerodha | ₹38.94 | ₹15.34 |
| Two SME lots, ₹2,50,000₹23.60 less at Zerodha | ₹38.94 | ₹15.34 |
| A year: 12 mainboard lots sold₹283.20 less at Zerodha | ₹467.28 | ₹184.08 |
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, Free in the first year for resident individuals, then ₹300 a year plus… at Zerodha.
- Equity delivery brokerage: ₹20 per executed order at 5paisa, ₹0 at Zerodha.
- DP charge on selling shares: ₹15.34 per scrip per day at 5paisa, ₹13 plus GST per scrip at Zerodha.
The same at both: account opening, Mainboard IPOs and SME IPOs.
5paisa vs Zerodha: charges side by side
Differs 4 of 7 charges differ between 5paisa and Zerodha. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | 5paisa | Zerodha |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 for individual accounts (₹500 for NRI, partnership, LLP and corporate accounts) |
| Demat maintenance (AMC) | ₹25 a month plus GST, as listed on the pricing page | Free in the first year for resident individuals, then ₹300 a year plus GST, charged quarterly |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the current IPO section | Yes, through Kite or Console with a UPI mandate |
| SME IPOs | Yes, SME IPOs are listed with an apply option | Yes, NSE and BSE SME IPOs through UPI. Only one bid per SME IPO, and no net banking fallback if the UPI payment fails |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 per executed order | ₹0 |
| DP charge on selling shares | ₹15.34 per scrip per day | ₹13 plus GST per scrip (₹3.50 CDSL, ₹9.50 Zerodha); ₹15.34 with GST |
| Registration | ||
| SEBI registration | INZ000010231 | INZ000031633 |
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 Zerodha pages.
5paisa and Zerodha 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.
Zerodha
Strengths
- ₹0 brokerage on delivery
- Lower DP charge
- SME IPOs on both exchanges
Worth checking
- AMC after the first year
₹300 a year plus GST for a regular demat account.
- SME IPO limits
One bid per SME IPO, and if the UPI payment fails you cannot apply by net banking.
- Dealer orders cost extra
₹50 per order through call and trade or auto square-off.
Brokerage calculator: 5paisa vs Zerodha
| Charge | 5paisa | Zerodha |
|---|
Ours, with NSE rates. Change the trade to see what 5paisa and Zerodha would each charge.
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Frequently asked questions
Which is cheaper for selling IPO shares, 5paisa or Zerodha?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹15.34 in broker charges at Zerodha and ₹38.94 at 5paisa (our calculation). For two SME lots worth ₹2,50,000: 5paisa ₹38.94, Zerodha ₹15.34 (our calculation, brokerage and DP charge with GST).
How much would the difference between 5paisa and Zerodha be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Zerodha costs ₹283.20 less in broker charges (our calculation). Add the yearly AMC: 5paisa: ₹25 a month plus GST, as listed on the pricing page; Zerodha: Free in the first year for resident individuals, then ₹300 a year plus….
Can I apply for SME IPOs on 5paisa and Zerodha?
Both let you apply for SME IPOs.
What is the demat AMC at 5paisa and Zerodha?
5paisa: ₹25 a month plus GST, as listed on the pricing page. Zerodha: Free in the first year for resident individuals, then ₹300 a year plus….
What brokerage do 5paisa and Zerodha 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 ₹0.00 at Zerodha (our calculation from their published rates).