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STT delivery0.1% buy & sellSTT intraday0.025% sellSTT futures0.05% sellfrom 1 Apr 2026STT options0.15% of premiumfrom 1 Apr 2026NSE txn equity0.00307%NSE txn futures0.00183%NSE txn options0.03553% of premiumStamp duty delivery0.015% buySEBI fee₹10 per croreGST18% on feesCTT MCX futures0.01% sellNifty lot65 unitsSTT delivery0.1% buy & sellSTT intraday0.025% sellSTT futures0.05% sellfrom 1 Apr 2026STT options0.15% of premiumfrom 1 Apr 2026NSE txn equity0.00307%NSE txn futures0.00183%NSE txn options0.03553% of premiumStamp duty delivery0.015% buySEBI fee₹10 per croreGST18% on feesCTT MCX futures0.01% sellNifty lot65 units

Calculators

Brokerage calculatorEvery charge and your net P&L for delivery, intraday, F&O and MCX.Position size calculatorHow many shares to buy so one trade risks a fixed share of capital.Risk-reward calculatorRisk-reward ratio and the win rate you need to break even.P&L target calculatorThe exit price that leaves your target profit after charges.Compounding & CAGR calculatorGrowth of capital over time, and CAGR from start and end values.Margin & leverage calculatorMargin blocked, leverage, and what a move against you costs.SIP calculatorMonthly SIP, lumpsum and goal-based projections with step-up.

Charges guides

Trading charges in India explainedEvery line on a contract note and how it is calculated.How brokerage is calculatedFlat, percentage and capped plans with worked examples.STT charges and rates (2026)Securities transaction tax for delivery, intraday, futures and options.GST on trading chargesWhat the 18% applies to, and what it does not.DP charges explainedWhat DP charges are, broker rates and a DP charge calculator.F&O charges per lotFutures and options charges with Nifty and Bank Nifty examples.

Comparisons & strategy

MCX commodity chargesCTT, MCX fees, stamp duty and GST with a crude oil example.Intraday vs delivery chargesWhy the same trade costs differently in each segment.Zerodha vs Groww vs Upstox vs Angel OneBrokerage, DP charges and AMC compared for 2026.How to calculate position sizeRisk-based sizing step by step, with examples.Risk-reward ratio explainedReading the ratio together with your win rate.
Education and estimation only. TradeProfy is not a SEBI-registered adviser and does not recommend buying or selling any security.

Zerodha vs Groww vs Upstox vs Angel One: charges compared (2026)

Brokerage, DP charges and AMC at India’s four largest discount brokers, with the same trades priced at each so you can see where they really differ.

Mantu KumarBy Updated 25 October 2026How we check rates

Charges compared (October 2026)

ZerodhaGrowwUpstoxAngel One
Equity delivery₹0₹20 or 0.1%, min ₹5₹20 per order₹20 or 0.1%, min ₹5
Equity intraday₹20 or 0.03%₹20 or 0.1%, min ₹5₹20 or 0.1%₹20 or 0.1%, min ₹5
Futures₹20 or 0.03%₹20₹20 or 0.05%₹20
Options₹20₹20₹20₹20
DP charge per scrip₹15.34 incl. GST₹20 + GST₹20 + GST₹20 + GST
Demat AMC (non-BSDA)₹300/yr + GST₹0₹300/yr + GST after year 1₹60/quarter + GST after year 1

All amounts are per executed order unless stated. Statutory charges (STT, exchange fees, SEBI fee, stamp duty and GST) are the same at every broker. Upstox and Angel One waive AMC in the first year.

Same trades at each broker

TradeZerodhaGrowwUpstoxAngel One
Delivery: 100 shares, ₹500 → ₹520₹128.66₹184.12₹184.12₹184.12
Intraday: 100 shares, ₹1,000 → ₹1,010₹82.97₹82.97₹82.97₹82.97
Nifty options: 1 lot, ₹150 → ₹180₹74.06₹74.06₹74.06₹74.06

For intraday and options at these sizes, all four brokers hit the ₹20 cap, so costs are identical. The real differences are on delivery (brokerage and DP charges), on small intraday orders (where percentage plans charge less than ₹20), and on AMC.

Account maintenance charges

AMC is a yearly fee for keeping a demat account. Basic Services Demat Accounts (BSDA), for holdings up to ₹10 lakh, have lower or zero AMC at most brokers. For a long-term investor who trades rarely, ₹300 a year of AMC can be larger than all their brokerage.

Which suits whom

  • Long-term investors who rarely sell: zero delivery brokerage and low DP charges matter most.
  • Active intraday traders: look at the per-order cap and platform tools; the ₹20 cap makes most brokers equal on larger orders.
  • Small orders: percentage plans charge less than ₹20 below a certain size, but Groww and Angel One have a ₹5 minimum.

TradeProfy is independent and not affiliated with any broker; this comparison is for cost understanding only, not a recommendation.

Before you switch

Check the broker’s current rate card, including AMC, DP charges, call-and-trade fees and margin interest. Then test your typical trades in the brokerage calculator using each broker preset.

Sources: NSE and BSE transaction charge circulars, the Finance Act 2026 (STT), SEBI fee schedule, the Indian Stamp Act as amended in 2020, and the published rate cards of Zerodha, Groww, Upstox and Angel One, checked in October 2026.

Frequently asked questions

Which broker has the lowest charges in India?

It depends on how you trade. Zerodha charges ₹0 on delivery and the lowest DP charge of the four; for intraday and options above about ₹67,000 per order, all four charge ₹20 per order.

Zerodha vs Groww: which is cheaper?

For delivery, Zerodha is cheaper (₹0 brokerage and ₹15.34 DP against ₹20 or 0.1% and ₹23.60 DP). Groww has no demat AMC, while Zerodha charges ₹300 a year plus GST for non-BSDA accounts.

What are Upstox DP charges?

Upstox charges ₹20 plus GST (₹23.60) per scrip per day when you sell shares from your demat.

What are Angel One charges?

Angel One charges ₹20 or 0.1% (minimum ₹5) per order on equity, ₹20 per order on F&O, and ₹20 plus GST as DP charges.

Calculators for this guide

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Mantu Kumar, founder of TradeProfy

Written and maintained by Mantu Kumar

Mantu builds TradeProfy’s calculators and checks every statutory rate against exchange circulars, broker rate cards and the Finance Act. He is not a SEBI-registered adviser, so TradeProfy explains costs and maths but never tells you what to trade.

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