# Lowest brokerage in India 2026 · 1 Jun
> What ChatGPT, Gemini, and Google AI Mode said about: Lowest brokerage in India 2026. Brands named, sources cited, sentiment per engine on 1 Jun.

Canonical URL: https://cite.solutions/state-of-ai-india/investing-apps/reports/2026-06-01/p/27
Source: Cite Solutions (cite.solutions)
Published: 2026-06-01
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[← Investing Apps · 1 June 2026](/state-of-ai-india/investing-apps/reports/2026-06-01)One prompt · three engines

Prompt 27 · 1 June 2026

# Lowest brokerage in India 2026

Three engines were asked the exact prompt above on 1 June 2026. Below is the verbatim answer each one gave, the brands it named, and the URLs it cited.

ChatGPTgpt-5-5

Answered 1 June 2026

If your goal is \*\*lowest total brokerage cost in India in 2026\*\*, the answer depends on how you trade: | Type of user | Lowest-cost choice | Why | |---|---|---| | Long-term investors (delivery only) | Zerodha, Dhan | ₹0 delivery brokerage; charges mainly come from DP fees and AMC. | | Beginners | Groww | Zero AMC, simple app, low overall cost for casual investing. | | Active intraday traders | mStock | Around ₹5/order flat, lower than the industry-standard ₹20\. | | Heavy F&O traders | mStock, Shoonya | Often cited as the lowest-cost options for frequent traders. | | Best balance of cost + reliability | Zerodha | ₹0 delivery, ₹20/order intraday/F&O, strong platform stability. | ### Major Brokers Comparison (2026) | Broker | Delivery | Intraday | F&O | AMC | |---|---:|---:|---:|---:| | Zerodha | ₹0 | ₹20 or 0.03% | ₹20/order | \~₹300/year | | Groww | ₹0–₹20 (varies by plan/source) | ₹20 | ₹20/order | ₹0 | | Upstox | ₹0–₹20 | ₹20 | ₹20/order | ₹150–300/year | | Angel One | ₹0 | ₹20 | ₹20–25/order | \~₹240/year | | Dhan | ₹0 | ₹20 | ₹20/order | ₹0 | | mStock | ₹0 | \~₹5/order | \~₹5/order | One-time plan available | ### What many people miss The brokerage itself is often not the biggest cost anymore. Most discount brokers charge ₹20/order or less. The real differences come from: - \*\*DP charges\*\* when you sell shares. - \*\*AMC (annual maintenance charges)\*\*. - \*\*Margin funding (MTF) interest rates\*\*. - \*\*API/algo trading fees\*\* if you automate trading. ### Quick recommendation - \*\*Investor only (stocks + SIPs):\*\* or - \*\*Regular trader:\*\* - \*\*Heavy F&O / cost-sensitive trader:\*\* or - \*\*Advanced charting trader:\*\* If you tell me whether you do \*\*delivery investing, intraday, or F&O\*\*, I can narrow it down to the cheapest broker for your exact trading style.

Brands named

[Zerodha](https://zerodha.com "Visit Zerodha")[Dhan](https://dhan.co "Visit Dhan")[Groww](https://groww.in "Visit Groww")[Upstox](https://upstox.com "Visit Upstox")[Angel One](https://angelone.in "Visit Angel One")

Sources cited · 9

* [Brokerage Charges Comparison — Upstox vs Zerodha vs Groww vs Dhan | Downstoxdownstox.com/pricing](https://downstox.com/pricing?utm%5Fsource=chatgpt.com)
* [Lowest brokerage charges in India. Went down a rabbit hole comparing 10 brokers.reddit.com/r/ValueInvestingIndia/comments/1qblidf/lowest\_brokerage\_charges\_in\_india\_went\_down\_a](https://www.reddit.com/r/ValueInvestingIndia/comments/1qblidf/lowest%5Fbrokerage%5Fcharges%5Fin%5Findia%5Fwent%5Fdown%5Fa/?utm%5Fsource=chatgpt.com)
* [Lowest Brokerage Demat Account in India (2026) – Best for Beginnerspaisatech.in/lowest-brokerage-demat-account-india](https://paisatech.in/lowest-brokerage-demat-account-india/?utm%5Fsource=chatgpt.com)
* [Best Stock Brokers in India 2026 — Compare Zerodha, Groww, Upstox & More | StockVizstockviz.in/brokers.html](https://www.stockviz.in/brokers.html?utm%5Fsource=chatgpt.com)
* [Growwgroww.in](https://groww.in/)
* [Zerodhazerodha.com](https://zerodha.com/)
* [mStockmstock.com](https://www.mstock.com/)
* [Shoonyashoonya.com](https://shoonya.com/)
* [Dhandhan.co](https://dhan.co/)

Geminigemini-3-flash

Answered 1 June 2026

If you are hunting for the lowest brokerage rates in India, the market is broadly divided into \*\*True Zero-Brokerage Brokers\*\* (who charge absolutely nothing for trading across segments) and \*\*Standard Discount Brokers\*\* (who charge a flat ₹20 fee). Here is the breakdown of the lowest brokerage options available, categorized by how you plan to trade. --- ## 1\. Absolute Zero-Brokerage Platforms (Best for high-volume traders) If you want to completely avoid paying brokerage fees across Intraday, F&O, and Delivery, a few specialized platforms have eliminated these fees entirely. \* \*\*Flattrade:\*\* Offers \*\*₹0 brokerage\*\* across all segments including Equity Delivery, Intraday, Futures, and Options. They also offer a lifetime free Demat account with no Annual Maintenance Charges (AMC). \* \*\*Navia:\*\* Another emerging player providing a \*\*₹0 lifetime brokerage\*\* model across all segments (including Options and MTF) with zero AMC. \* \*\*Kotak Securities (Youth Plan):\*\* Offers zero brokerage on all intraday trades across segments, specifically targeted at individuals under 30 years of age. --- ## 2\. Leading Discount Brokers (Best for reliability & advanced tools) The industry giants don't offer absolute zero fees across the board, but they charge a highly competitive flat fee. They are heavily favored for their superior app stability, speed, and advanced charting tools. | Broker | Equity Delivery | Equity Intraday | Futures & Options (F&O) | Account Maintenance (AMC) | |:--- |:--- |:--- |:--- |:--- | | \*\*Groww\*\* | Free | Lower of 0.1% or ₹20 | Flat ₹20 per order | ₹0 | | \*\*Zerodha\*\* | Free | Lower of 0.03% or ₹20 | Flat ₹20 per order | ₹300 / year | | \*\*Angel One\*\* | Free | Lower of 0.03% or ₹20 | Flat ₹20 per order | ₹0 (1st year), then ₹20/month | | \*\*Upstox\*\* | Flat ₹20 per order | Lower of 0.05% or ₹20 | Flat ₹20 per order | ₹0 | --- ## 3\. The "Hidden" Charges to Keep in Mind When searching for the cheapest broker, the headline brokerage fee is only half the story. You must also consider \*\*statutory and operational fees\*\* that apply regardless of the broker: \* \*\*DP (Depository Participant) Charges:\*\* Charged whenever you \*\*sell\*\* shares from your Demat account (Delivery). This usually ranges between ₹13.5 to ₹20 + GST per stock per day. If you do casual delivery investing, look for a broker with low DP charges. \* \*\*STT (Securities Transaction Tax):\*\* A government-mandated tax. It is relatively high for Equity Delivery (0.1% on buy & sell) compared to Intraday (0.025% on sell). \* \*\*Auto-Square Off Charges:\*\* If you do intraday trading and forget to close your position before market close, brokers will close it for you and charge a penalty fee (usually ₹20 to ₹50 per order). ### Summary Recommendation \* If your primary goal is \*\*saving every rupee on brokerage\*\* (especially for active F&O or Intraday trading), look at \*\*Flattrade\*\* or \*\*Navia\*\*. \* If you value \*\*premium charting tools, rock-solid app stability during market volatility, and a clean interface\*\*, \*\*Zerodha\*\* or \*\*Groww\*\* remain the gold standards despite the flat ₹20 fee.

Brands named

[Groww](https://groww.in "Visit Groww")[Zerodha](https://zerodha.com "Visit Zerodha")[Angel One](https://angelone.in "Visit Angel One")[Upstox](https://upstox.com "Visit Upstox")

Sources cited · 3

* [Flattrade: Zero Brokerage Trading App in Indiaflattrade.in](https://flattrade.in/)
* [Navia: Zero Brokerage Trading and Investment Appnavia.co.in](https://navia.co.in/)
* [Lowest Brokerage Charges Simplified - Angel Oneangelone.in/knowledge-center/demat-account/lowest-brokerage-option-in-india](https://www.angelone.in/knowledge-center/demat-account/lowest-brokerage-option-in-india)

AI ModeGoogle AI Mode

Answered 1 June 2026

The absolute lowest brokerage charges in India are offered by 100% \*\*true zero-brokerage models\*\* like \*\*Shoonya by Finvasia\*\* and \*\*\*\*, which charge \*\*₹0 brokerage\*\* across all segments including Equity Delivery, Intraday, and Futures & Options (F&O). For high-volume traders who prefer a subscription, \*\*Indiabulls Securities (Dhani Stocks)\*\* offers a flat plan of \*\*₹500 per month\*\* for unlimited zero-brokerage trading. Meanwhile, mainstream market leaders follow a \*\*flat-rate discount model\*\*, charging \*\*₹0 for Equity Delivery\*\* and a flat \*\*₹20 per executed order\*\* for Intraday and F&O. Compare Lowest Brokerage Plans The table below displays the breakdown of headline brokerage structures across popular segments: | Broker | Equity Delivery Fee | Intraday & F&O Fee | Account Maintenance (AMC) | |---|---|---|---| | \*\*Shoonya by Finvasia\*\* | ₹0 | \*\*₹0\*\* | \*\*₹0 (Lifetime)\*\* | | \*\*Flattrade\*\* | ₹0 | \*\*₹0\*\* | \*\*₹0 (Lifetime)\*\* | | \*\*\*\* | ₹0 | \*\*₹10 / order\*\* \*(with paid upfront plan)\* | ₹0 \*(if opted for lifetime plan)\* | | \*\*\*\* | ₹0 | \*\*₹9 / order\*\* | ₹0 | | \*\*Groww\*\* | ₹0 | \*\*₹20 or 0.05%\*\* \*(lower)\* | \*\*₹0\*\* | | \*\*Zerodha\*\* | ₹0 | \*\*₹20 or 0.03%\*\* \*(lower)\* | ₹300 / year + GST | | \*\*Upstox\*\* | ₹0 | \*\*₹20 or 0.05%\*\* \*(lower)\* | ₹25 / month | | \*\*Angel One\*\* | ₹0 | \*\*₹20 or 0.25%\*\* \*(lower)\* | ₹20 / month \*(from 2nd year)\* | Mechanical Steps to Evaluate "Hidden" Costs A "zero brokerage" tag does not mean trading is entirely free. To find your true net cost, follow this calculation sequence: 1\. \*\*Check the DP (Depository Participant) Charges\*\*: This is a flat transaction fee levied when selling shares from your Demat account. It varies between \*\*₹13 to ₹20 per scrip per day\*\* depending on the broker, regardless of transaction volume. 2\. \*\*Review Government and Statutory Levies\*\*: These are identical across all brokers and mandated by law. They include the Securities Transaction Tax (STT), SEBI turnover fees, Stamp Duty, Goods and Services Tax (GST at 18%), and Exchange Transaction Charges. 3\. \*\*Compare Upfront vs Recurring Costs\*\*: Platforms like \*\*m.Stock\*\* offer incredibly low intraday trading charges (₹10 per order) but may require a one-time onboarding fee to activate the zero/low brokerage tier. 4\. \*\*Identify the Inactivity or AMC Penalty\*\*: Some brokers skip a trading platform fee but will charge an Account Maintenance Charge (AMC) quarterly, even if no trades are executed. Look for brokers explicitly offering \*\*Lifetime Free AMC\*\* if your trading frequency is low. Uncover Blind Spots Before Choosing - \*\*Platform Stability vs. Cost\*\*: Brokers like \*\*Zerodha\*\* or \*\*Upstox\*\* charge a premium flat ₹20 fee because they invest heavily in stable infrastructure. True zero-brokerage apps can occasionally suffer technical glitches during high-volatility peak hours. - \*\*Margin Trading Facility (MTF)\*\*: If you buy shares on credit, do not look only at brokerage. Compare the MTF interest rates. Top platforms like \*\*m.Stock\*\* offer MTF rates starting at \*\*8.99% p.a.\*\*, which might save you more money than saving a flat ₹20 on a trade. To help tailor the best option, are you primarily a \*\*long-term delivery investor\*\*, an \*\*intraday trader\*\*, or an \*\*F&O player\*\*? Let me know your average \*\*monthly trading volume\*\* as well.

Brands named

[Dhan](https://dhan.co "Visit Dhan")[Zerodha](https://zerodha.com "Visit Zerodha")[Groww](https://groww.in "Visit Groww")[Upstox](https://upstox.com "Visit Upstox")[Angel One](https://angelone.in "Visit Angel One")

Sources cited · 4

* [Flattradeflattrade.in](https://flattrade.in/)
* [knowledge center / articles / best broker to start trading in india 2026 complete guidesamco.in/knowledge-center/articles/best-broker-to-start-trading-in-india-2026-complete-guide](https://www.samco.in/knowledge-center/articles/best-broker-to-start-trading-in-india-2026-complete-guide/)
* [m.Stock by Mirae Assetmstock.com/articles/low-cost-discount-brokerage-in-india](https://www.mstock.com/articles/low-cost-discount-brokerage-in-india)
* [Wisdom Capitalwisdomcapital.in/brokerage-plan](https://wisdomcapital.in/brokerage-plan)

[← Prompt 26](/state-of-ai-india/investing-apps/reports/2026-06-01/p/26)[Back to edition ↑](/state-of-ai-india/investing-apps/reports/2026-06-01)[Prompt 28 →](/state-of-ai-india/investing-apps/reports/2026-06-01/p/28)