5Paisa is the Mumbai based discount brokerage firm and part of India Infoline (IIFL). The broker offers trading across equity, futures & options (F&O), currency and commodity segments on NSE, BSE, and MCX at a discount brokerage of ₹10 per executed order. Unlike other discount brokers, 5Paisa provides research and investment tools to its clients.
5Paisa, the second-largest discount broker is now offering three types of subscription plans that a client can opt while opening the account with them. The main reason to introduce Gold and Platinum plan is to bundle up ad-on service in the monthly plan and provide higher leverage to traders. The plans are
Basic Plan is a normal Demat and Trading Account with zero account opening fee. Investment tools like smart investor and swing trader cannot be accessed through this plan. Smallcase is ₹10 per order. Direct Mutual Fund Investment is not free in the basic plan. It can be done by paying ₹10 per scheme. There is no free trade with it. Brokerage is ₹10 per trade. Referral Credit for this plan is ₹550 and Demat maintenance charges is ₹45 per month.
Gold Plan is ₹249 per month plan. It comes with advanced equity research, low maintenance and debit charges and ₹750 per referral. There are 5 free trades per month with it. Investment tools like smallcase, smart investor, swing trader can be accessed free of cost. Direct Mutual Fund Investment is free. Demat maintenance charges are ₹30 per month.
Platinum Plan is ₹499 per month plan. It comes with high FnO exposure, advanced equity research, zero maintenance, and debit charges and ₹1000 per referral, free intraday research and free access to all the investment tools. There are 10 free trades per month with it. Direct Mutual Fund Investment and call and trade is free. Brokerage is ₹2 per lot for Equity Options and for rest is ₹10 per order.
Here we are comparing 5Paisa Subscription Plans in details.
|Title||5paisa Basic Plan||5paisa Gold Plan||5paisa Platinum Plan|
|Brokerage||₹10 Per Order for all segments||₹10 Per Order for all segments||₹2 for Eq Options
₹10/Order for all other segments
|Free Trades||NIL||5 Free Trades||10 Free Trades|
|Smallcase||₹10 Per Order||Free||Free|
|Intraday FnO Exposure||Up to 3.5x||3.5x||5x|
|Options Writing Exposure||2.5x||2.5x||5x on normal, 10x on expiry|
|Square off time||3:10 PM||3:10 PM||3:20 PM|
|Call& Trade Charges||₹100/call||₹100/Call||Free|
|Direct Mutual Fund Investment||₹10||Free||Free|
|Demat AMC||₹45 PM||₹30 PM||Free|
|Demat Debit Charges||₹25 or .025%||₹20||Free|
|Intrest Rate on DPC||0.05%||0.05%||0.475%|
Last updated on 5th Nov 2019