Brokerage Comparison — India 2026
Selected published retail pricing snapshots reviewed against public broker pages available on August 3, 2026.
Published Brokerage Comparison
| Broker / Plan Snapshot | Equity Delivery | Equity Intraday | Futures | Options |
|---|---|---|---|---|
| Zerodha | INR 0 | INR 20 or 0.03% (lower) | INR 20 or 0.03% (lower) | INR 20 per order |
| Upstox | INR 20 per order | INR 20 or 0.1% (lower) | INR 20 or 0.05% (lower) | INR 20 per order |
| Angel One | INR 20 or 0.1% (lower, min INR 5) | INR 20 or 0.1% (lower, min INR 5) | INR 20 per order | INR 20 per order |
| Groww | INR 20 or 0.1% (lower, min INR 5) | INR 20 or 0.1% (lower, min INR 5) | INR 20 per order | INR 20 per order |
| Dhan | INR 0 | INR 20 or 0.03% (lower) | INR 20 per order | INR 20 per order |
| ICICI Direct (plan-based) | Plan-dependent | INR 20 per order | INR 20 per order | INR 20 per order |
Selected Account Charges
| Broker | Account Opening | AMC | DP Charges (delivery sell) | Note |
|---|---|---|---|---|
| Zerodha | INR 0 | INR 300/yr + GST | INR 15.34 total | CDSL sell-side DP total published by broker |
| Upstox | INR 0 | Policy varies by year / account type | INR 20 per sell transaction | Check current account type terms |
| Angel One | INR 0 | Quarterly / plan-based | INR 20 + GST per scrip | Current support page language |
| Groww | INR 0 | INR 0 | INR 20 + GST approx. on normal sell transactions | Broker waives its part for tiny debits under published rules |
| Dhan | INR 0 | INR 0 | INR 12.50 + GST per ISIN | Published support FAQ; calculator uses INR 14.75 as the GST-inclusive total |
| ICICI Direct (plan-based) | INR 299 plan fee | INR 300 demat AMC on iValue page | Plan / depository dependent | Delivery pricing varies by plan |
Statutory Charges
These are not broker commissions. They are market or government levies and are the same in principle across brokers, though presentation on contract notes can vary.
| Charge | Equity Delivery | Equity Intraday | Futures | Options |
|---|---|---|---|---|
| STT | 0.1% on buy and sell | 0.025% on sell side | 0.05% on sell side | 0.15% on sell premium; 0.15% on exercised intrinsic value |
| NSE Transaction Charge | 0.00297% on turnover | 0.00297% on turnover | 0.00173% on turnover | 0.03503% on premium turnover |
| SEBI Charges | INR 10 per crore turnover | |||
| GST | 18% on brokerage, exchange transaction charges and SEBI turnover fees | |||
| Stamp Duty | 0.015% on buy | 0.003% on buy | 0.002% on buy | 0.003% on buy |
- NSE STT referenceSTT rates used for equity, intraday, futures, and options. F&O rates reflect the revision effective April 1, 2026.
- NSE transaction charge circularExchange transaction charges effective March 1, 2026: INR 2.97 per lakh cash, INR 1.73 per lakh equity futures, INR 35.03 per lakh options premium.
- Zerodha statutory charges explainerUsed to cross-check SEBI turnover fees, GST base, and stamp duty presentation.
- Zerodha: Zerodha chargesLast verified: 2026-08-03
- Upstox: Upstox pricingLast verified: 2026-08-03
- Angel One: Angel One chargesLast verified: 2026-08-03
- Groww: Groww pricingLast verified: 2026-08-03
- Dhan: Dhan pricingLast verified: 2026-08-03
- ICICI Direct (plan-based): ICICI Direct iValue planLast verified: 2026-08-03
- HDFC Securities (plan-based): HDFC Securities pricingLast verified: 2026-08-03
What Changed Most Recently?
The biggest current-date change is in F&O STT. Futures sell-side STT moved to 0.05% from April 1, 2026, and options sell-side premium STT moved to 0.15%. Any brokerage comparison page still showing the old 2025 F&O STT numbers is stale.
Which Broker Is Cheapest?
That depends on the segment you actually trade. Delivery, intraday, futures, options, DP charges, and plan-based fees differ materially. Delivery-heavy investors should care about delivery brokerage and DP charges; active traders should care more about repeated-order costs and platform stability.
What Are DP Charges?
Depository Participant charges apply when shares leave your demat account on a delivery sell. They are usually charged per scrip or per debit instruction, not as a percentage of trade value, and they do not apply to intraday equity or to normal F&O contracts.
Use the Brokerage Calculator for Exact Trade Estimates
This page is a published-pricing snapshot, not a trade-level calculator. For a specific order, use the TradeCrunch Brokerage Calculator to estimate brokerage, STT, exchange transaction charges, SEBI turnover fees, GST, stamp duty, and indicative DP charges.
Frequently Asked Questions
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No. Zero brokerage only means the broker waives its own brokerage commission on that segment. STT, exchange charges, SEBI fees, GST, stamp duty, and any applicable DP charges still remain.
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Because broker pricing pages are highly plan-dependent and change frequently. A smaller, verified table is more honest than a larger table full of stale rows.
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No. Platform stability, margin tooling, execution quality, support responsiveness, and non-trade costs matter alongside the published brokerage number.