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.
Charges compared (October 2026)
| Zerodha | Groww | Upstox | Angel 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
| Trade | Zerodha | Groww | Upstox | Angel 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.
