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Brokerage Calculator
All Indian Brokers
Calculate exact STT, GST, transaction charges, stamp duty, and net P&L before you trade. Compare discount vs full-service brokers in one click.
₹0 delivery (Zerodha/Groww/Dhan)
₹20 flat intraday
vs 0.29–0.50% full-service
11Brokers
5Segments
7Charge types
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⚡ Quick Brokerage Calculator
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Net P&L
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GST (18%)—
SEBI charges—
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Discount Broker vs Full-Service Broker — Which One is Right for You?
India's stock brokers fall into two clear categories. Your trading style determines which type serves you better.
Discount Broker
Low cost. DIY. Digital-first.
Charge a flat fee (usually ₹20/trade) or zero for delivery. No research, no advisory, no branch visits. You do your own analysis and they just execute the trade.
Delivery: ₹0 brokerage
Intraday / F&O: ₹20 flat per order
AMC: ₹0–₹300/year
Best for:
- Self-directed investors who do their own research
- Active intraday / F&O traders
- SIP & mutual fund investors
- Anyone cost-conscious about charges
ZerodhaGrowwUpstoxAngel OneDhan
Full-Service Broker
Higher cost. Research-backed. Hand-holding.
Charge a percentage of trade value (0.25–0.50%). Offer stock recommendations, dedicated RMs, branch offices, wealth management, and research reports. You pay more but get more hand-holding.
Delivery: 0.25–0.50% of trade value
Intraday: 0.025–0.10% of trade value
AMC: ₹400–₹750/year
Best for:
- Beginners wanting guided investing
- Investors who want research & stock tips
- HNI / wealthy investors needing PMS, advisory
- Those who prefer branch walk-ins
ICICI DirectHDFC SecuritiesMotilal OswalKotak
Real-world example: Buy ₹1,00,000 worth of Reliance shares.
Zerodha charges ₹0 brokerage (delivery). ICICI Direct charges ₹290 brokerage alone (0.29%).
Over 20 buy-sell transactions a year, that's a difference of ₹11,600/year in brokerage alone — not counting sell-side charges.
⚡ Discount Brokers
Top Discount Brokers in India 2025
Flat fees, zero delivery brokerage, and excellent trading platforms. The go-to choice for India's self-directed investors.
ZE
Zerodha
India's largest discount broker by active clients
Discount
Equity Delivery
₹0 (Free)
Intraday
₹20 flat / 0.03%
F&O Futures
₹20 flat
F&O Options
₹20 flat
Commodity
₹20 flat
Demat AMC
₹300/year
Account Opening
₹200
Best for: Active traders, long-term investors, algo traders
✓ ₹0 brokerage on equity delivery
✓ ₹20 flat for intraday & F&O — no %, no hidden fees
✓ Free direct mutual funds via Coin
✗ No research, stock tips, or advisory
✗ No dedicated relationship manager
Platforms: Kite (Web) · Kite Mobile (Android/iOS) · Console (reporting) · Coin (Direct MF) · Varsity (education) · Streak (algo)
DH
Dhan
Built from the ground up for F&O traders
Discount
Equity Delivery
₹0 (Free)
Intraday
₹20 flat / 0.03%
F&O Futures
₹20 flat
F&O Options
₹20 flat
Commodity
₹20 flat
Demat AMC
Free
Account Opening
Free
Best for: Options traders, F&O power users, TradingView users
✓ ₹0 Demat AMC — completely free to hold
✓ Best-in-class options chain UI
✓ Native TradingView broker integration — trade from TV charts
✗ Newer broker — founded 2021
✗ Smaller community & forums
Platforms: Dhan Web · Dhan App · TradingView (official broker integration) · DhanHQ API
GR
Groww
Simplest app for beginners & SIP investors
Discount
Equity Delivery
₹20 or 0.1% (lower)
Intraday
₹20 flat / 0.1%
F&O Futures
₹20 flat
F&O Options
₹20 flat
Commodity
Not available
Demat AMC
Free
Account Opening
Free
Best for: Beginners, SIP investors, mutual fund first-timers
✓ Free Demat AMC — ₹0/year
✓ Free account opening — no charges
✓ Best-in-class SIP & mutual fund UX
✗ No commodity trading
✗ No NRI account
Platforms: Groww Web · Groww App (Android/iOS) · Groww for Web (v2)
UP
Upstox
Pro-grade platform, flat-fee pricing
Discount
Equity Delivery
₹0 (Free)
Intraday
₹20 flat / 0.05%
F&O Futures
₹20 flat
F&O Options
₹20 flat
Commodity
₹20 flat
Demat AMC
₹150/year
Account Opening
Free
Best for: Tech-savvy traders, TradingView users, API developers
✓ ₹0 equity delivery brokerage
✓ Built-in TradingView charts — no third-party tab needed
✓ Algo trading via official REST API
✗ ₹150/year Demat AMC
✗ Customer support rated average
Platforms: Upstox Pro Web · Upstox Pro Mobile · TradingView (native integration) · Upstox API (REST + WebSocket)
AO
Angel One
AI-powered investing with ARQ Prime
Discount
Equity Delivery
₹0 (Free)
Intraday
₹20 flat / 0.25%
F&O Futures
₹20 flat
F&O Options
₹20 flat
Commodity
₹20 flat
Demat AMC
₹240/year
Account Opening
Free
Best for: Investors wanting basic research + low cost
✓ ₹0 equity delivery brokerage
✓ ARQ Prime — AI-based stock recommendation engine
✓ Commodity (MCX) trading available
✗ ₹240/year Demat AMC
✗ UI less refined than Zerodha Kite
Platforms: AngelOne Web · AngelOne App (Android/iOS) · SmartAPI · ARQ Prime (AI advisor) · Angel Eye (advanced terminal)
FY
FYERS
Trader-first platform with TradingView native
Discount
Equity Delivery
₹0 (Free)
Intraday
₹20 flat / 0.03%
F&O Futures
₹20 flat
F&O Options
₹20 flat
Commodity
₹20 flat
Demat AMC
₹300/year
Account Opening
Free
Best for: Equity & commodity traders wanting TradingView
✓ ₹0 equity delivery brokerage
✓ TradingView charts built directly into web platform
✓ Algo trading API — REST & Python SDK
✗ ₹300/year Demat AMC
✗ Smaller brand recognition vs Zerodha
Platforms: FYERS Web (TradingView powered) · FYERS One App · FYERS API · FYERS Markets (analytics)
5P
5paisa
Ultra-low cost with research reports included
Discount
Equity Delivery
₹20 or 0.1% (lower)
Intraday
₹20 flat / 0.05%
F&O Futures
₹20 flat
F&O Options
₹20 flat
Commodity
₹20 flat
Demat AMC
₹300/year
Account Opening
Free
Best for: High-frequency traders & cost-conscious investors
✓ Flat ₹20 per trade — simple pricing
✓ Free research reports with account
✓ Mutual funds, US stocks, IPO available
✗ Delivery not free (₹20 per trade)
✗ Platform UI less polished than peers
Platforms: 5paisa Web · 5paisa App · Trade Station (advanced)
🏛️ Full-Service Brokers
Top Full-Service Brokers in India 2025
Higher brokerage, but come with research, advisory, wealth management, and dedicated relationship managers.
IC
ICICI Direct
India's largest full-service retail broker — 50L+ clients
Full-Service
Equity Delivery
0.29% of trade value
Intraday
0.029% of trade value
F&O Futures
₹20 flat
F&O Options
₹20 per order
Demat AMC
₹700/year
Account Opening
Free
ℹ️ Default MoneySaver plan: 0.29% delivery / 0.029% intraday. Prime plans (₹999–₹9,999/year) offer reduced rates — Prime Plus gets you to ₹0 delivery & ₹20 flat for F&O.
Best for: Investors wanting research, 3-in-1 account & advisory
✓ 50L+ customers — India's most trusted retail broker
✓ 3-in-1 account: Bank + Demat + Trading integrated
✓ Excellent equity research & stock picks
✗ High delivery brokerage: 0.29% of trade value
✗ High intraday: 0.029% (vs ₹20 flat at discount brokers)
MO
Motilal Oswal
35+ years of award-winning equity research
Full-Service
Equity Delivery
0.5% of trade value
Intraday
0.05% of trade value
F&O Futures
0.05%
F&O Options
₹50 per order
Demat AMC
₹400/year
Account Opening
Free
ℹ️ Brokerage is negotiable based on volume for HNI clients. Flat fee plan also available for active traders — contact them to negotiate.
Best for: Long-term investors needing wealth advisory & PMS
✓ Award-winning equity research — 30+ analysts
✓ Dedicated wealth advisor / RM for HNI
✓ PMS (Portfolio Management Service) from ₹50L
✗ High percentage brokerage for active traders
✗ ₹400/year Demat AMC
HD
HDFC Securities
HDFC Bank backed — 270+ branches, pan-India presence
Full-Service
Equity Delivery
0.5% of trade value
Intraday
0.05% of trade value
F&O Futures
0.05%
F&O Options
₹100 per order
Demat AMC
₹750/year
Account Opening
₹999
ℹ️ Standard plan: 0.50% delivery, 0.05% intraday. Value plan (discounted): 0.10% delivery, 0.010% intraday, ₹20/order for F&O. HDFC Sky (separate app) offers discount rates.
Best for: HDFC Bank customers & HNI investors wanting branch access
✓ 270+ branches — walk-in support anywhere in India
✓ Integrated with HDFC Bank for seamless fund transfer
✓ Dedicated Relationship Manager for HNI clients
✗ Highest delivery brokerage: 0.50%
✗ ₹750/year AMC — highest in full-service segment
KO
Kotak Securities
Kotak Mahindra Group — NRI-friendly & established
Full-Service
Equity Delivery
0.49% of trade value
Intraday
0.049% of trade value
F&O Futures
0.049%
F&O Options
₹49 per order
Demat AMC
₹600/year
Account Opening
₹750
ℹ️ Trade Free plan available: ₹0 delivery + ₹20 flat for intraday & F&O — essentially discount pricing. Kotak Neo (separate app) is their full discount broker product.
Best for: Kotak Bank customers, NRI investors & institutional clients
✓ NRI trading — Portfolio Investment Scheme support
✓ Kotak 3-in-1: Bank + Demat + Trading
✓ Commodity, currency, and derivatives trading
✗ High brokerage: 0.49% delivery
✗ ₹600/year Demat AMC
All Brokers — Side-by-Side Comparison
Enter a trade scenario and compare total charges across all brokers instantly.
| Broker | Type | Brokerage | STT | Txn + SEBI | Stamp Duty | Total Charges | Net P&L |
|---|
* Charges are estimated based on publicly available broker information. Actual charges may vary slightly. Always verify on the broker's official calculator.
Understanding All Trading Charges in India
Every trade in the Indian stock market has 6–7 charges beyond just the brokerage. Here's exactly what each one is.
Brokerage
The broker's commission for executing your trade. Discount brokers charge a flat ₹20 or ₹0 (delivery). Full-service brokers charge 0.25–0.50% of trade value.
Discount (delivery): ₹0
Discount (intraday): ₹20 flat
Full-service (delivery): 0.25–0.50%
STT — Securities Transaction Tax
A government tax on stock trades. Cannot be avoided regardless of broker. Charged as a % of trade value.
Equity Delivery: 0.1% (buy + sell)
Intraday: 0.025% (sell side only)
Futures sell: 0.02%
Options sell: 0.1% on premium
Exchange Transaction Charges
Fees charged by NSE/BSE for using their platform. Calculated on turnover value.
NSE equity: 0.00297% (buy + sell)
BSE equity: 0.00375% (buy + sell)
NSE F&O futures: 0.00188%
NSE F&O options: 0.0495%
GST — Goods & Services Tax
18% GST on brokerage + transaction charges. Not applicable on STT or stamp duty (as those are themselves taxes).
Rate: 18%
Applied on: Brokerage + Exchange charges + SEBI charges
SEBI Charges
A tiny regulatory fee collected by SEBI on all stock market transactions. Extremely small but included in total.
Rate: ₹10 per crore of turnover
Effective %: 0.0001%
Stamp Duty
A government levy on securities transactions. Charged only on the buy side. Rate depends on trade type.
Equity delivery: 0.015% (buy side)
Intraday: 0.003% (buy side)
Futures: 0.002% (buy side)
Options: 0.003% (buy side)
STT Rate Chart — All Trading Segments (FY 2025–26)
| Segment | STT Rate | Charged on | Example: ₹1L trade value |
|---|---|---|---|
| Equity Delivery (Buy) | 0.100% | Buy side | ₹100 |
| Equity Delivery (Sell) | 0.100% | Sell side | ₹100 |
| Equity Intraday (Sell only) | 0.025% | Sell side only | ₹25 |
| Futures (Sell) | 0.020% | Sell side | ₹20 |
| Options (Sell) — on premium | 0.100% | Sell side (on premium) | Depends on premium |
| Mutual Funds (Equity) | 0.001% | Sell side | ₹1 |
| Currency / Commodity | Nil | — | ₹0 |
Frequently Asked Questions
For equity delivery trades, brokerage is charged on both buy and sell. For intraday, most discount brokers charge on both, but the flat ₹20 fee applies per executed order each time. Full-service brokers charge a percentage on each side.
Zerodha, Angel One, Upstox, Dhan, and FYERS all offer ₹0 brokerage on equity delivery trades (cash and carry). Groww charges ₹20 or 0.1% whichever is lower for delivery. For intraday and F&O, all these discount brokers charge ₹20 flat per executed order.
Not exactly. Exchange transaction charges differ slightly: NSE charges 0.00297% and BSE charges 0.00375% on equity trades. Brokerage and STT are the same regardless of exchange. Our calculator uses NSE rates by default.
Yes. All charges — brokerage, STT, GST, stamp duty, transaction charges — are levied on the transaction value, not on your profit. Even if your trade is at a loss, you still pay full charges. This makes break-even calculation crucial for active traders.
Break-even price = Buy price + (Total charges on buy side + Total charges on sell side) ÷ Number of shares. In other words, it's the minimum sell price at which you recover all trading costs and make no profit or loss. Our calculator shows this for every trade.
If you do your own research and trade frequently, a discount broker (Zerodha, Upstox, Dhan) will save you significantly — ₹20 flat vs 0.29–0.50% per trade adds up to lakhs saved over years. If you're a beginner who wants stock tips, research reports, and hand-holding, a full-service broker's extra cost may be worth it for the guidance.
Since 2020, stamp duty on securities transactions has been uniformly collected by the central government and distributed to states — so the rates shown are applicable nationwide and do not vary by state.
📊 Visual Comparison
Broker Charges at a Glance
See how total charges compare across India's top brokers for a ₹50,000 intraday trade. Includes brokerage, STT, transaction charges, and GST.
Total Charges — ₹50,000 Intraday Trade
Buy @ ₹500 × 100 qty. Sell @ ₹505. NSE. Sorted low → high.
Charge Breakdown — Discount Broker (₹20 Flat)
Where does your money go on a typical intraday trade?