Stock Broker Comparison
IndiaPick 2–4 brokers and see the cheapest for your exact trade — real charges, fees, and honest pros and cons.
Pick brokers (3/4)
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Zerodha
Lowest total charges of your 3 on a Delivery (CNC) trade — ₹55.46 (30%) less than Groww
Total charges on this trade
Planning estimates on each broker's standard published equity plan plus statutory rates, as of Jun 2026. Verify on the official charges page before opening an account.
| Delivery (CNC) · ₹500.00→₹520.00 × 100 | Zerodha cheapest | Groww | Angel One |
|---|---|---|---|
| Plans & account | |||
| Delivery brokerage | ₹0 brokerage | ₹20 or 0.1%, lower (min ₹5) | ₹20 or 0.1%, lower (min ₹5) |
| Intraday brokerage | ₹20 or 0.03%, lower | ₹20 or 0.1%, lower (min ₹5) | ₹20 or 0.1%, lower (min ₹5) |
| DP charge (delivery sell) | ₹15.34/scrip | ₹23.60/scrip | ₹23.60/scrip |
| Account opening | ₹0 (online individual) | ₹0 | ₹0 |
| Demat AMC | ₹0 first year, then ₹300 + GST (₹354)/yr | ₹0 lifetime (no AMC) | ₹0 first year, then ₹60 + GST/quarter (~₹283/yr); ₹0 BSDA up to ₹4L |
| This trade's cost | |||
| Turnover (buy + sell) | ₹1,02,000.00 | ₹1,02,000.00 | ₹1,02,000.00 |
| Brokerage | ₹0.00 | ₹40.00 | ₹40.00 |
| STT | ₹102.00 | ₹102.00 | ₹102.00 |
| Exchange txn | ₹3.03 | ₹3.03 | ₹3.03 |
| SEBI | ₹0.10 | ₹0.10 | ₹0.10 |
| Stamp duty | ₹7.50 | ₹7.50 | ₹7.50 |
| GST (18%) | ₹0.56 | ₹7.76 | ₹7.76 |
| DP charge | ₹15.34 | ₹23.60 | ₹23.60 |
| Total charges | ₹128.54 | ₹184.00 | ₹184.00 |
| Breakeven move | ₹1.29/share | ₹1.84/share | ₹1.84/share |
| Net P&L | ₹1,871.46 | ₹1,816.00 | ₹1,816.00 |
Statutory charges (STT, exchange transaction, SEBI, stamp duty, GST) are government/exchange-set and identical across brokers; only the brokerage and DP charge differ. On delivery the DP charge applies per scrip on the sell. Figures are planning estimates on each broker's standard published equity plan as of Jun 2026 — verify on the official site.
Long-term, DIY investors who want free equity delivery, a clean fast app, and low flat-fee intraday/F&O without cross-selling.
- Zero brokerage on equity delivery + flat ₹20-or-lower intraday/F&O — among the cheapest, fully transparent pricing
- Largest retail broker by active clients, with the well-regarded, stable Kite platform
- First-year demat AMC free and ₹0 online account opening; no pushy in-app cross-selling or relationship managers
- Strong ecosystem: free Varsity education, Console reporting, Coin for commission-free direct MFs, Kite Connect API
- No 3-in-1 account (no in-house bank); funds move via UPI/payment gateway rather than a linked savings account
- Kite Connect API is paid (≈₹500/mo); no built-in research, stock tips or analyst recommendations
- Call-and-trade and broker square-off orders cost an extra ₹50 per order
- Demat AMC of ₹300 + GST/yr from year two (non-BSDA); intraday isn't truly flat — 0.03% applies below ≈₹66,700 order value
₹0 (online individual)
₹0 first year, then ₹300 + GST (₹354)/yr
Beginners and casual investors who want a simple, clean app with zero AMC and free direct mutual funds.
- Zero account-opening fee and ₹0 lifetime demat AMC with no conditions
- Free direct mutual funds plus stocks, F&O, IPO and MTF in one clean, beginner-friendly app
- India's largest broker by active clients (~1.25 crore NSE-active), with TradingView charts and a Groww Lite backup portal
- Simple, transparent ₹20-or-0.1%-lower pricing that's easy for new investors to understand
- Equity delivery is NOT free — ₹20 or 0.1% (min ₹5), unlike Zerodha/Dhan which offer zero delivery brokerage
- No call-and-trade facility — no phone order placement if the app/web is down
- Documented platform outages (e.g. Aug 2024 order delays, Nov 2025 disruption) that can affect trades
- Lacks bracket/cover orders and deeper analytics, so it's less suited to active/pro traders; support is frequently criticised
₹0
₹0 lifetime (no AMC)
Cost-conscious investors and intraday/F&O traders who want a flat-fee broker with a big all-in-one app and a free algo API.
- Free equity delivery for the first 30 days, then capped at ₹20/order; flat ₹20-or-0.1%-lower intraday and F&O
- ₹0 account opening and ₹0 AMC in year one; BSDA keeps AMC at ₹0 for holdings under ₹4 lakh
- Free SmartAPI for algo trading with no monthly subscription
- Full-service breadth: one of the largest brokers by active clients, covering equity, F&O, commodities, MF, IPOs and research
- Delivery isn't permanently free — after 30 days it costs up to ₹20/order (min ₹5)
- DP charge of ₹23.60 per scrip on every delivery sell
- AMC of ₹60 + GST per quarter (~₹283/yr) from year two (non-BSDA)
- Cross-selling pressure from relationship managers (insurance/PMS), occasional app slowdowns in peak volatility, and no GTT orders
₹0
₹0 first year, then ₹60 + GST/quarter (~₹283/yr); ₹0 BSDA up to ₹4L
This comparison is for education, not advice or a recommendation. Charges are each broker's standard published equity plan plus current statutory rates, verified as of Jun 2026; brokers run promotions, offer cheaper opt-in plans, and revise pricing, and stamp duty varies by state — always confirm on the official charges page (linked) before opening an account.
- Zerodha is cheapest here at ₹128.54 — ₹55.46 less than Groww.
- Even ₹0-brokerage brokers charge a DP fee on the sell — it's included in every total.
- ₹112.63 of every total is statutory (STT, exchange, SEBI, stamp) — identical across brokers.
Cheapest isn't automatically best
On your Delivery (CNC) trade, Zerodha costs ₹128.54 — ₹55.46 less than Groww. But platform stability, support, research and 3-in-1 banking matter too; weigh the saving against what you actually value.
This trade at a glance
- Trade: Delivery (CNC), ₹500.00→₹520.00 × 100 (turnover ₹1,02,000.00)
- Cheapest: Zerodha at ₹128.54 total charges
- Statutory (identical across brokers): ₹112.63 + 18% GST
- DP charge on sell (Zerodha): ₹15.34
- Net P&L on Zerodha: ₹1,871.46 (breakeven ₹1.29/share)
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Cheapest for your Delivery (CNC) trade: Zerodha at about ₹128.54 in charges.
Trade smarter, cost less
Once you've picked a broker, size the trade, average your buys, and check the full cost.
Charges verified from official broker pages as of Jun 2026 · statutory rates identical across brokers · estimates, not advice. Brokers run promotions and revise pricing — reconcile against your contract note.
How the total charges are computed
Total = Brokerage + STT + Exchange + SEBI + Stamp + GST + DP
- Brokerage
- broker's fee on buy + sell legs (differs per broker)
- STT / Stamp
- securities transaction tax & state stamp duty
- Exchange / SEBI
- exchange transaction + SEBI turnover charges
- GST
- 18% on brokerage + exchange + SEBI charges
- DP
- depository charge per scrip on a delivery sell (0 for intraday)
Worked example
For your Delivery (CNC) trade — ₹500.00→₹520.00 × 100 (turnover ₹1,02,000.00) — the statutory layer (STT, exchange, SEBI, stamp) is ₹112.63 and is identical across every broker; only brokerage and the DP charge differ. On Zerodha that works out to ₹0.00 brokerage plus a ₹15.34 DP charge, for a total of about ₹128.54 — ₹55.46 less than Groww.
Choosing a broker — common questions
Match the broker to how you actually trade. If you mostly buy and hold (delivery), a zero-delivery-brokerage broker like Zerodha or Dhan keeps costs near the statutory minimum. If you trade intraday or F&O frequently, a flat ₹20-or-lower broker wins on volume. If you want a bank-linked 3-in-1 account and research, a full-service broker like ICICI Direct suits you despite higher charges. Beyond cost, weigh platform quality, AMC, support, and whether you need an API.
They're a close planning estimate on each broker's standard published equity plan, plus current statutory rates (STT, exchange transaction, SEBI, stamp duty, GST) which are identical across brokers. Brokers offer multiple plan tiers, run promotions, and revise pricing, and stamp duty varies by state — so always verify on the broker's official charges page (linked) and reconcile against your contract note.
Even brokers that charge ₹0 brokerage on equity delivery still levy a DP (depository participant) charge — typically ₹14–24 per scrip — when you sell from your demat account, plus statutory STT, exchange and stamp charges. This comparison includes the DP charge so the delivery totals are honest.
Not always. Price is one factor; platform stability, charting, order types, customer support, research, fund-transfer ease, and API access matter too — which is why each broker here lists pros and cons, not just a number. The cheapest broker for your exact trade is computed above; the right broker for you balances that against the things you value.