Navia vs 5paisa: A Complete Broker Comparison
Your broker’s fees quietly shape your returns. Navia and 5paisa are both SEBI-registered discount brokers. Their costs work very differently once you look past the marketing. Here’s the comparison from both brokers’ own published rates.
In short: Navia charges zero brokerage for life, across equity, F&O, and commodities. 5paisa’s zero brokerage lasts only 30 days. After that, every order costs ₹20, forever. For active traders, that gap can add up to thousands* of rupees a year. Navia also charges zero AMC for life, while 5paisa charges roughly ₹354 a year. Navia also offers access to bonds through its BondVue integration, while 5paisa currently offers currency derivatives, which are not available on Navia.
*(The illustration below assumes a fixed number of executed orders.)
Comparison Table: Navia vs 5paisa
| Parameter | Navia | 5paisa |
|---|---|---|
| Equity delivery brokerage | ₹0, for life | ₹0 for 30 days, then ₹20/order |
| Equity intraday brokerage | ₹0, for life | ₹0 for 30 days, then ₹20/order |
| F&O brokerage | ₹0, for life | ₹0 for 30 days, then ₹20/order |
| Demat AMC | ₹0, for life | ~₹354/year, after free period |
| DP charge (sell side) | 0.03%, min ₹30, max ₹300 + GST | ₹20/scrip + GST |
| Call & Trade | ₹50 + GST | ₹20 + GST |
| MTF interest | From 14.99% p.a. | From 13.99% p.a. |
| Platforms | Web, desktop (EXE), app, API | Web, desktop (EXE, FnO360), app, API |
| Currency derivatives | Not offered | Yes |
| Bonds | Yes, via BondVue integration | Yes, secondary market |
Navia’s Zero-Brokerage Advantage
Navia offers zero brokerage for life across equity delivery, intraday, and F&O trades. 5paisa’s zero-brokerage offer runs for 30 days only. After that, its standard plan charges ₹20 per executed order, on every segment. A single round-trip trade costs ₹40 at 5paisa, once the free period ends. At Navia, it costs ₹0, every month.
Brokerage Cost Illustration
Say you place 20 intraday round trips a month. That’s 40 orders in total. At 5paisa’s standard rate, that’s ₹800 a month in brokerage, or roughly ₹9,600 a year. At Navia, the same 40 orders cost ₹0.
Trade more actively, with 75 options round trips a month, and 5paisa’s brokerage climbs to ₹3,000 a month. That’s close to ₹36,000 a year. Navia’s brokerage stays at ₹0.
This illustration considers brokerage charges only. Statutory charges such as STT, GST, exchange transaction charges, SEBI turnover fees and stamp duty are applicable separately.
(Brokerage only — statutory charges like STT and GST apply equally at both brokers.)
Why Zero Brokerage for Life Matters?
⚫ No expiry date, unlike 5paisa’s 30-day offer.
⚫ No minimum trade size or subscription needed.
⚫ Costs stay predictable, trade after trade, year after year.
⚫ Frequent traders may benefit from reduced brokerage costs over time.
Which Broker Should You Choose?
Brokerage is an important cost consideration for many traders. Investors may compare brokerage, AMC, platform features and supported products before choosing a broker. Navia now covers bonds too, via Bond Vue, closing an old gap. Based on publicly available information at the time of writing, 5paisa offers currency derivatives, while Navia currently does not. Run your own trade count through a brokerage calculator to see your exact savings.
Key Takeaways
⚫ Navia charges ₹0 brokerage for life. 5paisa’s ₹0 offer lasts only 30 days, then ₹20/order applies forever.
⚫ 40 orders a month can cost 5paisa traders roughly ₹9,600 a year in brokerage alone: ₹0.
⚫ Navia now offers bonds too, via Bond Vue. 5paisa remains the only one here for currency derivatives.
Conclusion
The comparison shows that Navia and 5paisa follow different pricing models and offer different product features. While Navia provides zero brokerage for life across eligible segments and access to bonds through BondVue, 5paisa offers currency derivatives and follows a different brokerage structure after its introductory period. Investors should compare costs, available products, and platform features based on their trading frequency and investment objectives before making a decision.
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FREQUENTLY ASKED QUESTIONS
Is 5paisa’s zero brokerage permanent?
No. It applies for the first 30 days only. The standard plan charges ₹20 per executed order after that, forever.
How do brokerage charges differ for frequent traders?
Since Navia charges zero brokerage for eligible trades while 5paisa charges per executed order after the introductory period, brokerage costs will differ depending on trading frequency and the applicable pricing plans.
Does Navia offer bonds?
Yes. Through its BondVue integration, Navia now gives you access to listed government and corporate bonds, in the same app.
Does Navia charge AMC on its demat account?
No. Navia charges zero AMC for life. 5paisa charges roughly ₹25 a month plus GST once its free period ends.
Does 5paisa offer currency trading?
Yes. Currency derivatives are the one segment 5paisa supports that Navia doesn’t currently offer.
What DP charge does each broker apply?
Navia charges 0.03% of the sale value, with a ₹30 minimum and a ₹300 cap, plus GST. 5paisa charges a flat ₹20 per scrip, plus GST.
DISCLAIMER: Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Full disclaimer: https://bit.ly/naviadisclaimer
