Stock brokers are of two types –
- Discount Brokers
- Full-Service Broker
Discount brokers charge a fixed brokerage fee regardless of the trading volume. You can save more than 50% brokerage with discount brokers as compared to full-service brokers who charge percentage-based brokerage.
Full-service brokers charge a percentage-based fee generally ranging from 0.1% to 0.5% of the transaction value. If you are considering long-term investments and value-added services such as research advisory and trading tips, a full-service broker is a right choice for you.
For example,
If you trade with Rs. 1 lakhs, a full-service broker would charge you 0.5% brokerage (Rs. 6000) plus taxes, whereas a discount broker would charge a flat fee of Rs. 20.
Quick brokerage comparison of 11 Best Stock Brokers in India
| Stockbrokers | A/C opening Charges | AMC Charges | Equity Delivery | Equity Intraday | Futures – Equity/Currency/Commodity | Options – Equity/Currency/Commodity |
| Zerodha | Rs. 200 for equity Rs. 100 for commodities | Rs. 300 annually (Rs. 75 quarterly) | Free | Rs. 20 per executed order or 0.03% (whichever is lower) | Rs. 20 per executed order or 0.03% (whichever is lower) | Rs. 20 per executed order |
| Upstox | Zero | Zero | Rs. 20 per executed order or 2.5% whichever is lower | Rs. 20 per executed order or 0.05% (whichever is lower) | Rs. 20 per executed order or 0.05% (whichever is lower) | Flat Rs. 20 per executed order |
| Groww | Zero | Zero | Rs. 20 or 0.05% whichever is lower | Rs. 20 or 0.05% per executed order whichever is lower | Equity Futures – Flat Rs. 20 per executed order Currency/Commodity F&O – Not Applicable | Equity Options – Flat Rs. 20 per executed order Currency/Commodity F&O – Not Applicable |
| 5paisa | Zero | Rs. 300 annually (Rs 25 per month) | Rs. 20 per order | Rs. 20 per order | Rs. 20 per order | Rs. 20 per order |
| Angel One | Zero | Free – For 1st year Rs. 240 – From second year onwards | Free | Rs. 20 per executed order | Rs. 20 per executed order | Rs. 20 per executed order |
| Prostocks | Zero | Rs. 0 (with Rs. 1000 one time refundable deposit) | Free | Flat Rs. 15 per trade | Equity/Currency Futures – Flat Rs. 15 per trade Commodity F&O – Not Applicable | Equity/Currency Options – Flat Rs. 15 per trade Commodity F&O – Not Applicable |
| Motilal Oswal | Zero | Rs 199 Yearly (Free for 1st Year) | 0.20% | 0.02% per lot | Equity Futures – 0.02% per lot Currency Futures – Rs 20 per lot Commodity Futures – 0.02% per lot | Flat Rs 20 per lot |
| Nuvama (Edelweiss) | Zero | Zero – for 1st year Rs. 500 – from second year onwards | Flat Rs. 10 per executed order | Flat Rs. 10 per executed order | Equity/Currency Futures – Flat Rs. 10 per executed order Commodity F&O – Not Applicable | Equity/Currency Options – Flat Rs. 10 per executed order Commodity F&O – Not Applicable |
| Kotak Securities | Free Subscription Charges Rs. 299 – Trade Free Youth Rs. 99 – Trade Free Plan Rs. 499 – Dealer assisted plan | For BSDA ClientsHolding <50K = No AMCHolding >50K & <2 lakh = Rs. 100 AMC For Non-BSDA ClientsHolding <10K = No AMCHolding >10K = Rs. 50 per month (Rs. 600 yearly) | Rs. 20 per executed order or 0.25% of transaction valuewhichever is higher with a ceiling of 2.5% | Free | Delivery – Rs. 20 per executed order Intraday – Free | Delivery – Rs. 20 per executed order Intraday – Free |
| HDFC Securities | Zero | Free for the first year Rs. 750 (from 2nd Year onwards) | 0.50% or min Rs. 25 or ceiling of 2.5% on transaction value (Both Buy & Sell) | 0.05% or min Rs. 25 or ceiling of 2.5% on transaction value (Both Buy & Sell) | Equity Futures – 0.025% or min Rs. 25 or ceiling of 2.5% of transaction value (Both Buy & Sell) Currency Futures – Rs. 12 each side Commodity Futures – 0.020% or min Rs. 20 per order | Equity Options – Higher of 1% of the premium amount or Rs. 100 per lot (Both Buy & Sell) Currency Options – Rs. 10 each side Commodity Options – Rs. 100 per lot |
| ICICI Direct (i-Secure Plan) | Zero | Rs. 700 (waived for ICICIdirect customers for the first year) | 0.55% (including buy and sell) | 0.275% ( the second leg is not charged) | Equity Futures – 0.050% plus a flat brokerage of Rs. 50 on the second leg Currency/Commodity Futures – Rs. 20 per order | Equity Options – Rs. 95 per lot plus a flat brokerage of Rs. 50 on the second leg Currency/Commodity Options – Rs. 20 per order |
Top 11 Stockbroker in India 2023
#1. Zerodha
Zerodha (check complete Zerodha review) is one of India’s largest discount brokerage firms with an active client base of 64+ lakhs.
Zerodha is also known for its user-friendly platform “Kite” and low-cost trading. However, you have to pay Rs. 200 for equity account opening and Rs. 100 for commodities which is optional.
The brokerage charges for equity delivery are completely free, making it an attractive option for long-term investors. For intraday and futures trading, Zerodha offers a flat fee Rs. 20 per executed order, making it highly cost-effective for frequent traders.
You can also invest in direct mutual funds without paying any fee to Zerodha. Overall, Zerodha is a popular choice among both beginners and experienced traders for its transparent and economical brokerage structure.
Zerodha Account Opening Charges
| Account opening fee (Online) | Rs. 200 for equity + Rs. 100 for commodities |
| Account opening charges (Offline) | Rs. 400 for equity + Rs. 200 for commodities |
| Annual maintenance charges | Rs. 300 annually (Rs. 75 quarterly) |
Zerodha Brokerage Charges
| Segments | Brokerage Charges |
| Equity Delivery | Free |
| Equity Intraday | Rs. 20 per executed order or 0.03% (whichever is lower) |
| Equity Futures | Rs. 20 per executed order or 0.03% (whichever is lower) |
| Equity Options | Rs. 20 per executed order |
| Currency Futures | 0.03% or Rs. 20 per executed order whichever is lower |
| Currency Options | Rs. 20 per executed order |
| Commodity Futures | 0.03% or Rs. 20 per executed order whichever is lower |
| Commodity Options | Rs. 20 per executed order |
#2. Upstox
Upstox is a prominent player in the discount brokerage space, offering zero account opening charges and AMC fees, making it an appealing option for budget-conscious traders.
With a flat fee of Rs. 20 for equity delivery, intraday, and options trading, it caters to active traders who seek cost-effective solutions. While Zerodha offers free stock delivery, it’s important to note that Upstox charges a lower of 2.5% or Rs. 20 for such transactions.
This makes Zerodha a more favorable option for long-term investments. If you are considering choosing between Zerodha and Upstox, it’s recommended to compare their brokerage charges, account opening charges, AMC, and trading platforms in detail.
Upstox Pro mobile app is the one stop shop solution for all the investment options such as stocks, mutual funds, digital gold, bonds, and even IPOs, making it easy to track all your investments in one place.
Upstox Account Opening Charges
| Account opening charges | Zero (Free) |
| Annual maintenance charges | Zero |
Upstox Brokerage Charges
| Segments | Brokerage Charges |
| Equity Delivery | Rs. 20 or 2.5% whichever is lower |
| Equity Intraday | Rs. 20 per executed order or 0.05% (whichever is lower) |
| Equity Futures | Rs. 20 per executed order or 0.05% (whichever is lower) |
| Equity Options | Flat Rs. 20 per executed order |
| Currency Futures | Rs. 20 per executed order or 0.05% (whichever is lower) |
| Currency Options | Flat Rs. 20 per executed order |
| Commodity Futures | Rs. 20 per executed order or 0.05% (whichever is lower) |
| Commodity Options | Flat Rs. 20 per executed order |
#3. Groww
Groww is one of the fastest-growing stockbrokers in recent years. The biggest benefit of Groww is free account opening with zero AMC charges.
The platform allows you to trade in equities (stocks) only which means you can do equity delivery, Intraday and F&O trading. However, Groww doesn’t provide trade in currency and commodities. Also, Groww does not facilitate NRI demat accounts.
One significant advantage of Groww over Zerodha is that you can directly invest in US stocks through ViewTrade Securities, a US-based broker. Groww provides a free US stock investment account with zero commission charges.
Unlike Zerodha, which focuses exclusively on the domestic market, Groww extends its services to cater to international stock investing through its collaboration with ViewTrade Securities. You can check the detailed comparison of Groww vs Zerodha.
Groww Account Opening Charges
| Account opening charges | Zero (Free) |
| Annual maintenance charges | Zero |
Groww Brokerage Charges
| Segments | Brokerage Charges |
| Equity Delivery | Rs. 20 or 0.05% whichever is lower |
| Equity Intraday | Rs. 20 or 0.05% per executed order whichever is lower |
| Equity Futures | Flat Rs. 20 per executed order |
| Equity Options | Flat Rs. 20 per executed order |
| Currency F&O | Not Applicable |
| Commodity F&O | Not Applicable |
#4. 5paisa
5paisa is a popular stockbroker in India known for its competitive brokerage charges and feature-rich trading platform. It offers a seamless trading experience with as low as Rs. 10 per order for all trading segments including option trading.
You can choose between different subscription plans, such as the Power Investor or Ultra Trader, which require monthly fees of Rs. 599 and Rs. 1199 respectively. While the regular brokerage plan charges flat Rs. 20 per order with zero subscription fees.
Additionally, 5paisa offers a unique robo-advisory feature to assist you in making informed trading decisions. The introduction of VTT (Valid Till Triggered) orders enhances stock investment flexibility and personalization.
You can also check the detailed comparison between 5paisa vs Upstox to know about the both stockbrokers.
5paisa Account Opening Charges
| Account opening charges | Free (Rs. 0) |
| Annual maintenance charges | Rs. 300 annually (Rs 25 per month) |
5paisa Brokerage Charges
| Segment | Regular Plan | Power Investor | Ultra Trader |
| Monthly Subscription | 0 | Rs 599/month | Rs 1199/month |
| Equity Delivery | Rs. 20 per order | Rs. 10 per order | Zero |
| Equity Intraday | Rs. 20 per order | Rs. 10 per order | Rs. 10 per order |
| Equity F&O | Rs. 20 per order | Rs. 10 per order | Rs. 10 per order |
| Currency F&O Trades | Rs. 20 per order | Rs. 10 per order | Rs. 10 per order |
| Commodity F&O Trades | Rs. 20 per order | Rs. 10 per order | Rs. 10 per order |
#5. Angel One
Angel One offers a zero account opening charge and free AMC for the first year. Its flat fee structure of Rs. 20 per executed order for equity delivery, intraday, and futures trading appeals to traders with varying trading volumes. You can check the detailed comparison of Angel One vs Zerodha.
Angel One’s comprehensive research and advisory services cater to investors seeking expert guidance.
Overall, Angel One’s well-established brand, research insights, and attractive pricing make it a popular choice among investors seeking a full-service brokerage experience.
Angel One Account Opening Charges
| Account opening charges | Rs 0 (Free) |
| Annual maintenance charges | Free – For 1st yearRs. 240 – From second year onwards |
Angel One Brokerage Charges
| Segments | Brokerage Charges |
| Equity Delivery | 0 (Free) |
| Equity Intraday | Rs. 20 per executed order |
| Equity F&O | Rs. 20 per executed order |
| Currency F&O | Rs. 20 per executed order |
| Commodity F&O | Rs. 20 per executed order |
#6. Prostocks
Prostocks (detailed Prostocks review) is a discount broker that offers zero account opening charges and zero AMC fees with a refundable deposit of Rs. 1000.
Its flat fee structure of Rs. 15 per trade for equity intraday, F&O, currency F&O makes it attractive for you involved in multiple types of trades. However, Prostocks does not provide commodity trading services.
Prostocks also offers zero brokerage trading accounts. This means you can get unlimited trading in equity (delivery and intraday) and equity derivatives by paying a monthly fee of Rs. 899. You can also do trade in currency F&O with a monthly fee of Rs. 499.
For those interested in long-term stock investing, the ProStocks Flat fee plan is an ideal choice. On the other hand, you can go with the Unlimited monthly plan priced at Rs. 899 that allows you to trade at Zero brokerage across all trading segments.
Account Opening Charges of Prostocks
| Account Opening Charges | Free |
| Annual Maintenance Charges | Free (Rs. 1000 as refundable security) |
Brokerage Charges of Prostocks
Prostocks offers two brokerage plans –
- Flat brokerage plan
- Unlimited trading plan
- Prostocks Flat brokerage plan
| Segment | Brokerage Charges |
| Equity Delivery | Free |
| Equity Intraday Trading | Rs. 15 per trade |
| Equity F&O | Rs. 15 per trade |
| Currency F&O | Rs. 15 per trade |
| Commodity F&O | ProStocks does not provide trading in commodity F&O. |
- Prostocks unlimited trading brokerage plan
| Trading Segments | Unlimited trading in an exchange for a month |
| Equity (delivery & intraday) and Equity Derivatives | Rs. 899 per month |
| Currency Futures and Options | Rs. 499 per month |
#7. Motilal Oswal
Motilal Oswal is a well-established full-service broker known for its comprehensive research and advisory services. While it offers zero account opening charges with Rs. 199 AMC charges which is waived off for the first-year.
Motilal Oswal offers fixed percentage-based brokerage charges. You need to pay the brokerage charges for intraday trading is 0.02% per lot and for equity delivery is 0.20%. Its brokerage rates are higher than discount brokers like Zerodha offering zero charges on equity delivery and flat Rs. 20 per executed order on all other trading segments.
However, its valuable research insights and personalized assistance cater to traders and investors seeking quality analysis and support. Motilal Oswal’s strong brand reputation and holistic services make it a preferred choice for those willing to pay a premium for comprehensive financial solutions.
Motilal Oswal Demat Account Charges
| Account Opening Charges | Zero (Free) |
| Account Maintenance Charges (AMC) | Rs 199 Yearly (Free for 1st Year) |
Motilal Oswal Brokerage Charges
| Segments | Motilal Oswal Brokerage Charges |
| Equity Delivery | 0.20% |
| Equity Intraday & Futures | 0.02% per lot |
| Equity Options | Flat Rs 20 per lot |
| Currency Futures | Rs 20 per lot |
| Currency Options | Rs. 20 per lot |
| Commodity Futures | 0.02% per lot |
| Commodity Options | Rs 20 Per Lot |
#8. Edelweiss (Nuvama)
Formerly known as Edelweiss, Nuvama is a full-service broker that provides you in-depth research advisory at the cost of a discount broker.
Nuvama offers zero account opening charges and zero AMC fees for the first year. From the second year onwards, you need to pay Rs. 500 per annum.
Nuvama has two brokerage plans with different brokerage charges – Nuvama Lite Plan & Nuvama Elite Plan.
Nuvama is the one who offers a lowest fixed brokerage charge of Rs. 10 per executed order for option trading under the Nuvama lite plan. You can check the list of best option trading apps in India. However, Nuvama does not provide you commodity trading facilities.
Nuvama (Edelweiss) Account Opening Charges
| Account opening charges | Zero (Free) |
| Annual maintenance charges | Zero – for 1st yearRs. 500 – from second year onwards |
Nuvama (Edelweiss) Brokerage Charges
| Segments | Brokerage Charges (Nuvama Lite Plan) | Brokerage Charges (Nuvama Elite Plan) |
| Equity Delivery | Flat Rs. 10 per executed order | 0.30% |
| Equity Intraday | Flat Rs. 10 per executed order | 0.03% |
| Equity Futures | Flat Rs. 10 per executed order | 0.03% |
| Equity Options | Flat Rs. 10 per executed order | Rs 75 per lot |
| Currency Futures | Flat Rs. 10 per executed order | 0.02% |
| Currency Options | Flat Rs. 10 per executed order | Rs 20 per lot |
| Commodity F&O | Not Applicable | Not Applicable |
#9. Kotak Securities
Kotak Securities is a broking arm of Kotak Mahindra Bank with over 2.5 million customer accounts and daily trades of over 7 lakhs.
Kotak Securities is a full-service broker, that offers a comprehensive range of financial services and investment options. You can invest in stocks, equity derivatives, currency F&O, Mutual funds, IPOs, bonds, ETFs, and IRF (Interest Rate Futures).
Read our list of best brokers for mutual funds investment to know about top brokers to cater to your mutual funds’ investment needs.
Kotak Securities also offers research advisory, dealer-assisted trading, and portfolio management services.
Kotak Securities Account Opening Charges
| Particulars | Charges |
| Demat Account Opening Charges | Free |
| Trading Account Opening Charges (One Time) | Rs. 299 – Trade Free YouthRs. 99 – Trade Free PlanRs. 499 – Dealer assisted plan |
| Account Maintenance Charges (AMC) | For BSDA ClientsHolding <50K = No AMCHolding >50K & <2 lakh = Rs. 100 AMC For Non-BSDA ClientsHolding <10K = No AMCHolding >10K = Rs. 50 per month (Rs. 600 yearly) |
Brokerage Charges
Kotak Securities offers three plans with different brokerage rates.
- Trade Free Brokerage Plan
- Trade Free Youth Plan
- Dealer-Assisted Brokerage Plan
1. Trade Free Brokerage Plan
| Segment | Brokerage Charges Under Trade Free Plan |
| Equity Delivery | Rs. 20 per executed order or 0.25% of transaction value whichever is higher with a ceiling of 2.5% |
| Equity Intraday | Rs 0 (free) |
| Equity F&O | Delivery – Rs. 20 per executed orderIntraday – Free |
| Currency F&O | Delivery – Rs. 20 per executed orderIntraday – Free |
| Commodity F&O | Delivery – Rs. 20 per executed orderIntraday – Free |
2. Trade Free Youth Plan
For Youngsters, Kotak Securities offers a trade-free youth brokerage plan for those who are below 30 years of age. Under this plan, Kotak Securities does not charge any brokerage fees for all trades.
| Segment | Brokerage Charges Under Trade Free Youth Plan |
| Equity, Currency, Commodity, Delivery, Intraday, F&O | Rs. 0 Brokerage for all trades |
3. Dealer Assisted Brokerage Plan
| Segment | Kotak Securities Dealer Assisted Brokerage Plan |
| Equity Delivery | 0.39% of transaction value |
| Equity Intraday | 0.039% of transaction value |
| Equity Futures | 0.39% of transaction value |
| Equity Options | Rs. 39 per Lot |
| Currency Futures | Rs. 9 per Lot |
| Currency Options | Rs. 5 per Lot |
| Commodity Futures | 0.39% of transaction value |
| Commodity Options | Rs. 39 per Lot |
#10. ICICI Direct
ICICI Direct is a full-service broker that offers a wide range of services to help you make informed investment decisions. However, ICICI Direct charges heavily for their services.
The only Neo plan of ICICI Direct charges a flat brokerage fee of Rs. 20 per order for equity intraday, options, currency and commodity F&O. But you need to pay the one time subscription fee of Rs. 299 for the Neo plan.
Apart from share trading, you have access to solid research advisory and value-added services. The services include NPS, IPO investing, mutual funds, insurance, loan products, and wealth & portfolio management services.
ICICI Direct Demat Account Charges
| Account opening charges | Zero (Free) |
| Account Maintenance Charges (AMC) | Rs. 700 (waived for ICICIdirect customers for the first year) |
| Additional Plan Fee | Up to Rs 4999, depending upon the plan |
ICICI Direct Brokerage Charges
ICICI Direct offers four plans with different brokerage rates.
- i-Secure Plan
- ICICI Direct Prime Plan
- ICICI Direct Neo Plan
- Prepaid Brokerage Plan
#1. Brokerage charges under i-Secure Plan
ICICI i-Secure plan offers fixed percentage brokerage charges based on quarterly turnover.
| Particulars | Brokerage Charges |
| Equity Delivery | 0.55% |
| Equity Intraday | 0.275% (second leg is not charged) |
| Equity Futures | 0.050% plus a flat brokerage of Rs. 50 on the second leg |
| Equity Options | Rs. 95 per lot plus a flat brokerage of Rs. 50 on the second leg |
| Currency F&O | Rs. 20 per order |
| Commodity F&O | Rs. 20 per order |
The brokerage for Margin and Margin Plus under I – Secure Plan is 0.050%.
#2. Brokerage charges for ICICI Direct Prime plan
| Prime Plan | Delivery Brokerage | Intraday/ Futures | Equity Options (per lot) | Currency F&O (Per Order) | Commodity F&O (Per Order) |
| Rs. 299 | 0.27% | 0.027% | Rs. 40 | Rs 20 | Rs 20 |
| Rs. 999 | 0.22% | 0.022% | Rs. 35 | Rs 20 | Rs 20 |
| Rs. 1,999 | 0.18% | 0.018% | Rs. 25 | Rs 20 | Rs 20 |
| Rs. 2,999 | 0.15% | 0.015% | Rs. 20 | Rs 20 | Rs 20 |
| Rs. 3,999 | 0.12% | 0.012% | Rs. 15 | Rs 20 | Rs 20 |
| Rs. 4,999 | 0.10% | 0.010% | Rs. 10 | Rs 20 | Rs 20 |
#3. Brokerage charges for ICICI Direct Neo Plan
Under the Neo plan, you need to pay the one time subscription fee of Rs. 299.
| Segment | Brokerage Charges |
| Equity Delivery | 0.55% |
| Equity Intraday | Rs 20 per order |
| Equity Futures | Rs 0 (free) |
| Equity Options | Rs 20 per order |
| Currency F&O | Rs 20 per order |
| Commodity F&O | Rs 20 per order |
#4. Brokerage charges under Prepaid Brokerage plan
| Prepaid Value | Equity Delivery | Equity Intraday & Futures | Equity Options (in Rs. Per lot) | Currency F&O (per order) | Commodity F&O (per order) |
| Rs. 2,500 | 0.25% | 0.25% | 35/- | Rs 20 | Rs 20 |
| Rs. 5,000 | 0.22% | 0.22% | 30/- | Rs 20 | Rs 20 |
| Rs. 12,500 | 0.18% | 0.18% | 25/- | Rs 20 | Rs 20 |
| Rs. 25,000 | 0.15% | 0.15% | 20/- | Rs 20 | Rs 20 |
| Rs. 50,000 | 0.12% | 0.12% | 15/- | Rs 20 | Rs 20 |
| Rs. 1,00,000 | 0.07% | 0.07% | 7/- | Rs 20 | Rs 20 |
#11. HDFC Securities
HDFC Securities, a subsidiary of HDFC Bank, offers zero account opening charges with Rs. 750 AMC fees which is waived off for the first-year.
HDFC also offers different subscription based brokerage plans. You need to pay a subscription from Rs 199 to Rs 1,00,000/- depending upon the selected brokerage plan.
However, HDFC Securities levied a charge of Rs. 1999 for using their trading software “Pro Terminal”. The access charge for trading platforms is only for a period of one year.
HDFC Securities caters to investors seeking a full-service brokerage with research insights, personalized advisory, and a diverse range of investment products. HDFC securities also offers value-added products that you can benefit from are – Loan products, Insurance, NPS, Investment Advisory, and Portfolio management services.
HDFC Securities Demat Account Charges
| Particulars | Charges |
| Account opening charges | Rs. 0 (Free) |
| Account Maintenance Charges (AMC) | Free for the first yearRs. 750 (from 2nd Year onwards) |
| Additional Brokerage Plan Charges | Plan charges Rs. 199 to Rs. 5999Lifetime validity plans up to Rs. 1,00,000/- |
HDFC Securities Brokerage Charges
HDFC Securities offers two brokerage plans with different brokerage charges to its customers.
- HDFC Securities Standard Brokerage Plan
- HDFC Securities Value Plans
1. HDFC Securities Standard Brokerage Plan
| Trading Segment | Brokerage |
| Delivery | 0.50% or min Rs. 25 or ceiling of 2.5% on transaction value (Both Buy & Sell) |
| Intraday | 0.05% or min Rs. 25 or ceiling of 2.5% on transaction value (Both Buy & Sell) |
| Equity Futures | 0.025% or min Rs. 25 or ceiling of 2.5% of transaction value (Both Buy & Sell) |
| Equity Options | Higher of 1% of the premium amount or Rs. 100 per lot (Both Buy & Sell) |
| Currency Futures | Rs. 12 each side |
| Currency Options | Rs. 10 each side |
| Commodity Futures | 0.020% or min Rs. 20 per order. |
| Commodity Options | Rs. 100 per lot |
| Call & Trade charges | Free |
2. HDFC Securities Value Plans
Value plans are only applicable to resident customers not available for NRIs.
HDFC Securities Value plans are of two types –
- One is valid for a period of 360 days and auto-renewed at the end of the tenure.
- The second value plan comes with lifetime validity for the same brokerage charges.
A. Value Plan with a validity of 360 days
| Subscription Charges and Brokerage Charges | ||||||||
| Plans | 199 | 299 | 999 | 1999 | 2999 | 3999 | 4999 | 5999 |
| Equity Delivery | 0.32% | 0.27% | 0.22% | 0.18% | 0.15% | 0.15% | 0.10% | 0.10% |
| Equity Intraday | 0.032% | 0.027% | 0.022% | 0.018% | 0.015% | 0.015% | 0.010% | 0.010% |
| Options (per order) | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 |
| Futures (per order) | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 |
| Zero Brokerage on ETF | No | No | No | No | No | Yes | No | Yes |
B. Brokerage Value Plan – Lifetime Validity
| Value Plan Name | Value 30 | Value 25 | Value 20 | Value 15 |
| Value Plan Charges | 10000/- | 25000/- | 50000/- | 1,00,000/- |
| Free Equity Delivery Volume | 40,00,000/- | 150,00,000/- | 4,00,00,000/- | 12,00,00,000/- |
| Free Equity Delivery Volume Validity | 360 days | 360 days | 360 days | 360 days |
| Equity Intraday | 0.030% | 0.025% | 0.020% | 0.015% |
| Equity Delivery | 0.30% | 0.25% | 0.20% | 0.15% |
| Options (per order) | Rs 20 | Rs 20 | Rs 20 | Rs 20 |
| Futures (per order) | Rs 20 | Rs 20 | Rs 20 | Rs 20 |
FAQs (Frequently Asked Questions)
Yes, you can switch stockbrokers at any time. However, the process involves transferring your stocks and funds to the new account.
Zerodha charges Rs. 200 for equity account opening and Rs. 100 for commodities (optional). The annual maintenance charges are Rs. 300 annually (Rs. 75 quarterly).
Prostocks offers zero account opening charges and a refundable deposit of Rs. 1000. The AMC fees are Rs. 25 per month (Rs. 300 yearly).
Edelweiss (Nuvama) offers zero account opening charges.
Zerodha offers free brokerage for equity delivery. For intraday and futures trading, the brokerage is a flat fee of Rs. 20 per executed order.
Zerodha is considered one of the best stockbrokers in India due to its large client base, user-friendly platform, low-cost trading, free equity delivery, and innovative features like direct mutual fund investment without any charges.
While comparing stockbrokers, consider factors such as brokerage fees, account opening charges, trading platforms, research and analysis tools, customer service, range of investment options, ease of use, and the broker’s reputation in the market.
The choice between a discount broker and a full-service broker depends on your requirements and trading style. Discount brokers generally offer lower brokerage fees but limited research and advisory services.
Full-service brokers provide more personalized assistance but come with higher brokerage costs.
To open an account with a stockbroker, you typically need to fill out an online application form on their website. You will be required to provide necessary documents for verification, such as identity proof, address proof, PAN card, and bank details.
Final Thoughts
If you are new to the stock market and looking for your first stock broker account then I would suggest you open an account with Zerodha.
If you are looking for a full-service broker who provides advisory services then you can go with Angel one.
