Investing in the stock market has become increasingly popular in India, thanks to the accessibility of online trading platforms and the growing awareness of wealth-building strategies. For traders and investors, minimizing costs is crucial to maximizing profits. One of the most significant expenses in trading is the brokerage fee. In this blog, we’ll explore the brokers with the lowest brokerage charges in India, their features, and how to choose the best one for your needs
1. Zerodha
- Brokerage Charges:
- Equity Delivery: Free
- Intraday & F&O: ₹20 or 0.03% per order (whichever is lower).
- Features: Advanced Kite platform, free direct mutual fund investments.
- Best For: Beginners and active traders.
2. Upstox
- Brokerage Charges:
- Equity Delivery: Free
- Intraday & F&O: ₹20 or 0.05% per order (whichever is lower).
- Features: Advanced charting tools, fast onboarding.
- Best For: Intermediate traders.
3. Angel One
- Brokerage Charges:
- Equity Delivery: Free
- Intraday & F&O: Flat ₹20 per trade.
- Features: Integrated research reports, IPO investments.
- Best For: Traders who value additional research tools.
4. 5Paisa
- Brokerage Charges:
- Flat ₹20 per trade across all segments.
- Features: Budget-friendly platform with portfolio analysis tools.
- Best For: High-frequency traders.
5. M.Stock (by Mirae Asset)
- Brokerage Charges:
- Equity Delivery: Free
- Intraday & F&O: ₹20 per trade (or zero in the ₹999 one-time plan).
- Features: Zero-commission trading with no hidden charges.
- Best For: Long-term traders.
6. Groww
- Brokerage Charges:
- Equity Delivery: Free
- Intraday & F&O: Flat ₹20 per trade.
- Features: Intuitive UI, ideal for beginners investing in mutual funds and stocks.
- Best For: Novice investors.
7. Dhana
- Brokerage Charges:
- Equity Delivery: Free
- Intraday & F&O: ₹20 per trade (or 0.03% of turnover, whichever is lower).
- Features: Advanced mobile app, algorithmic trading support, and portfolio tracking.
- Best For: Tech-savvy traders and those exploring algorithmic trading.
8. Kotak Neo
- Brokerage Charges:
- Equity Delivery: Free
- Intraday & F&O: ₹20 per trade.
- Features: Backed by Kotak Mahindra Bank, offers a fast and secure platform for stock trading, mutual funds, and IPOs.
- Best For: Traders looking for a secure and well-supported brokerage with strong backing.
Comparison Summary
| Platform | Best For | Equity Delivery | Intraday | Key Features |
|---|---|---|---|---|
| Zerodha | Beginners & Active Traders | Free | ₹20/order or 0.03% | Robust platform, low fees. |
| Upstox | Intermediate Traders | Free | ₹20/order or 0.05% | Advanced tools, fast setup. |
| Angel One | Research-Oriented Traders | Free | ₹20/order | In-depth research & analytics. |
| 5Paisa | Budget Traders | Free | ₹20/order | Affordable, all-in-one platform. |
| M.Stock | Long-Term Investors | Free | ₹20/order (or ₹999 plan: Zero) | Zero brokerage options. |
| Groww | Beginners | Free | ₹20/order | Simple and beginner-friendly. |
| Dhana | Tech-Savvy Traders | Free | ₹20/order or 0.03% | Algo-trading and app features. |
| Kotak Neo | Secure Investors | Free | ₹20/order(or ₹499 plan: Zero) | Trusted brand, yearly subscription for F&O |
Recommendations
- Zerodha, Upstox, and Groww are excellent for new investors due to their ease of use and low costs.
- Dhana appeals to traders keen on technology and advanced trading strategies.
- Kotak Neo is ideal for users seeking security and trust, backed by Kotak Mahindra Bank.
- M.Stock stands out for traders preferring zero brokerage plans for the long term.