# Lowest brokerage in India 2026 · 2 Jun
> What ChatGPT, Gemini, and Google AI Mode said about: Lowest brokerage in India 2026. Brands named, sources cited, sentiment per engine on 2 Jun.

Canonical URL: https://cite.solutions/state-of-ai-india/investing-apps/reports/2026-06-02/p/27
Source: Cite Solutions (cite.solutions)
Published: 2026-06-02
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[← Investing Apps · 2 June 2026](/state-of-ai-india/investing-apps/reports/2026-06-02)One prompt · three engines

Prompt 27 · 2 June 2026

# Lowest brokerage in India 2026

Three engines were asked the exact prompt above on 2 June 2026. Below is the verbatim answer each one gave, the brands it named, and the URLs it cited.

ChatGPTgpt-5-5

Answered 2 June 2026

If your goal is \*\*the absolute lowest brokerage in India in 2026\*\*, the answer depends on what you trade: | Broker | Equity Delivery | Intraday | F&O | Best For | |----------|----------|----------|----------|----------| | Shoonya by Finvasia | ₹0 | Very low / near-zero brokerage plans | Very low | Lowest overall cost traders | | m.Stock | ₹0 | Lifetime zero-brokerage plans available | Low-cost | High-volume traders | | 5paisa | ₹10/order | ₹10/order | ₹10/order | Active traders seeking low flat fees | | Zerodha | ₹0 | ₹20/order | ₹20/order | Best platform + reliability balance | | Dhan | ₹0 | ₹20/order | ₹20/order | Traders and API users | | Upstox | ₹20/order (varies by plan) | ₹20/order | ₹20/order | Beginners and traders | | Groww | Not truly free (₹20 or 0.05%) | ₹20/order | ₹20/order | Investors wanting simple UI | ### Best choices by usage - \*\*Lowest brokerage overall:\*\* Shoonya by Finvasia - \*\*Lowest cost for delivery investing:\*\* Zerodha, Dhan, and m.Stock offer genuine ₹0 delivery brokerage. - \*\*Lowest flat brokerage for active traders:\*\* 5paisa (₹10/order) and some newer brokers such as Punch offer even lower rates on certain segments. - \*\*Best overall combination of cost, platform quality, and ecosystem:\*\* Zerodha remains the most popular choice despite not being the absolute cheapest. One important point: brokerage is only part of the cost. \*\*DP charges, exchange fees, taxes, and other hidden charges can sometimes matter more than brokerage itself\*\*, especially for delivery investors. If you tell me whether you're mainly doing \*\*long-term investing, intraday, options selling, or algo trading\*\*, I can suggest the cheapest broker specifically for that style.

Brands named

[5paisa](https://5paisa.com "Visit 5paisa")[Zerodha](https://zerodha.com "Visit Zerodha")[Dhan](https://dhan.co "Visit Dhan")[Upstox](https://upstox.com "Visit Upstox")[Groww](https://groww.in "Visit Groww")

Sources cited · 8

* [7 Lowest Brokerage Platforms (Apps) in India 2026: Compare Fees, AMC, and Hidden Chargestradebrains.in/money/7-lowest-brokerage-platforms-apps-in-india-2026-compare-fees-amc-and-hidden-charges](https://tradebrains.in/money/7-lowest-brokerage-platforms-apps-in-india-2026-compare-fees-amc-and-hidden-charges/?utm%5Fsource=chatgpt.com)
* [Nithin Kamath says these hidden charges in trading can wipe out low brokerage advantagem.economictimes.com/markets/stocks/news/nithin-kamath-says-these-hidden-charges-in-trading-can-wipe-out-low-brokerage-advantage/articleshow/128711447.cms](https://m.economictimes.com/markets/stocks/news/nithin-kamath-says-these-hidden-charges-in-trading-can-wipe-out-low-brokerage-advantage/articleshow/128711447.cms?utm%5Fsource=chatgpt.com)
* [Lowest Brokerage Charges in India (2026): Top 10 Brokers, Fees & Smart Investor Strategy | Articles | Broker Analysis | Gan Jing World - Technology for Humanity | Video & Movie Streamingganjingworld.com/article/1ifasa0l5ol4KEG6xk7CWDz3b1an1c](https://www.ganjingworld.com/article/1ifasa0l5ol4KEG6xk7CWDz3b1an1c?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)
* [Top 10 Lowest Brokerage Charges Stockbrokers In India 2026thesharebrokers.com/report/lowest-brokerage-charges-india](https://thesharebrokers.com/report/lowest-brokerage-charges-india/?utm%5Fsource=chatgpt.com)
* [Which Broker Has the Lowest Brokerage in India? (2026 Guide)paisatech.in/lowest-brokerage-broker-india](https://paisatech.in/lowest-brokerage-broker-india/?utm%5Fsource=chatgpt.com)
* [Best Discount Brokers India 2026 — Zerodha vs Groww vs Upstox | InvestingPro | InvestingPro Indiainvestingpro.in/demat-accounts/discount](https://www.investingpro.in/demat-accounts/discount?utm%5Fsource=chatgpt.com)
* [Groww Brokerage Charges 2026 — Delivery, Intraday, F&O, DP & All Fees Explainedcomparesharebrokers.com/brokerage-charges/groww](https://comparesharebrokers.com/brokerage-charges/groww?utm%5Fsource=chatgpt.com)

Geminigemini-3-flash

Answered 2 June 2026

In the Indian stock broking space, finding the "lowest brokerage" isn't just about looking at the headline price—it depends heavily on whether you are a long-term investor, an intraday trader, or an F&O (Futures & Options) player. The industry is dominated by \*\*Discount Brokers\*\*, who offer ultra-low flat rates or completely free delivery trading. A comprehensive breakdown of the lowest brokerage structures across major platforms highlights the top contenders: --- ## 1\. Zero Brokerage Pioneers (Best for Free Segments) Some brokers offer completely zero-brokerage models across specific segments to eliminate standard trading costs: \* \*\*m.Stock (by Mirae Asset):\*\* Famous for its "Lifetime Free Brokerage" plan. By paying a one-time upfront fee (around ₹999 + GST), you get \*\*₹0 brokerage for life\*\* across all segments including Equity Delivery, Intraday, F&O, Mutual Funds, and Currency. \* \*\*Shoonya (by Finvasia):\*\* A strictly zero-brokerage, zero-hidden-fee platform. It charges \*\*₹0\*\* for account opening, \*\*₹0 AMC\*\*, and \*\*₹0 brokerage\*\* across all trading segments (Delivery, Intraday, F&O). \* \*\*Kotak Securities (Trade FREE Plan):\*\* Offers \*\*₹0 brokerage on all Intraday trades\*\* across segments. For young investors (under 30 years old), their "Youth Plan" offers free trading across almost all segments for the first year. --- ## 2\. Flat ₹20 Leaders (Best for Reliability & Volume) The standard industry benchmark for mainstream discount brokers is the flat-fee model. Instead of a percentage, they charge a maximum of \*\*₹20 per executed order\*\*, which drastically lowers costs for high-volume traders. | Broker | Equity Delivery | Equity Intraday | Futures & Options (F&O) | Annual Maintenance Charges (AMC) | |:--- |:--- |:--- |:--- |:--- | | \*\*Groww\*\* | Lower of 0.1% or \*\*₹20\*\* | Lower of 0.1% or \*\*₹20\*\* | Flat \*\*₹20\*\* per trade | \*\*₹0\*\* (Free Lifetime AMC) | | \*\*Zerodha\*\* | \*\*₹0\*\* (Completely Free) | Lower of 0.03% or \*\*₹20\*\* | Flat \*\*₹20\*\* per trade | ₹300/year | | \*\*Angel One\*\* | \*\*₹0\*\* (Free) | Lower of 0.1% or \*\*₹20\*\* | Flat \*\*₹20\*\* per trade | Free 1st year, then \~₹20/month | | \*\*Upstox\*\* | Lower of 2.5% or \*\*₹20\*\* | Lower of 0.05% or \*\*₹20\*\* | Flat \*\*₹20\*\* per trade | \*\*₹0\*\* (Free Lifetime AMC) | | \*\*Dhan\*\* | \*\*₹0\*\* (Completely Free) | Lower of 0.03% or \*\*₹20\*\* | Flat \*\*₹20\*\* (50% off for women traders) | \*\*₹0\*\* (Free Lifetime AMC) | --- ## 3\. "Hidden" Regulatory & Statutory Charges Even if a broker advertises "Zero Brokerage," you cannot escape government-mandated taxes and exchange fees. Whenever you buy or sell, keep an eye on these structural expenses: \* \*\*STT (Securities Transaction Tax):\*\* 0.1% on both Buy & Sell for Equity Delivery; 0.025% on Sell for Intraday. \* \*\*DP (Depository Participant) Charges:\*\* Charged only when you \*\*sell\*\* shares from your Demat account. This typically ranges from ₹13.5 to ₹20 + GST per company per day, regardless of the broker. \* \*\*Exchange Transaction Charges:\*\* Charged by the NSE/BSE (roughly 0.003% to 0.0035% of the total turnover). \* \*\*GST:\*\* 18% applied specifically on the \*brokerage amount + exchange transaction charges + DP charges\*. --- ## Which one should you choose? \* \*\*If you only want to invest for the long term (Buy & Hold):\*\* \*\*Zerodha\*\*, \*\*Groww\*\*, or \*\*Dhan\*\* are excellent because they offer ₹0 or minimal fees on delivery and mutual funds, coupled with clean user interfaces. \* \*\*If you are a heavy intraday/F&O trader looking to save every rupee:\*\* \*\*m.Stock\*\* or \*\*Shoonya\*\* will save you thousands of rupees in monthly brokerage due to their true-zero pricing mechanics. \* \*\*If you want a mix of research recommendations and low fees:\*\* \*\*Angel One\*\* bridges the gap between traditional full-service advising and flat-rate discount pricing perfectly.

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")[Dhan](https://dhan.co "Visit Dhan")

Sources cited · 6

* [Lowest Brokerage Charges: Full-Service vs Discount Brokers in India Explained - Jainamjainam.in/blog/low-brokerage-and-discount-brokerage](https://www.jainam.in/blog/low-brokerage-and-discount-brokerage/)
* [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)
* [Discount broker with zero brokerage | Mirae Asset - m.Stockmstock.com/articles/low-cost-discount-brokerage-in-india](https://www.mstock.com/articles/low-cost-discount-brokerage-in-india#:~:text=Discount%20brokers%20as%20the%20name,model%20run%20by%20traditional%20brokers.)
* [Lowest Brokerage Broker in India: Full 2026 Guide - Lemonnlemonn.co.in/blog/finance/lowest-brokerage-broker-india](https://lemonn.co.in/blog/finance/lowest-brokerage-broker-india/#:~:text=A%20broker%20may%20advertise%20%E2%80%9Czero,margin%20interest%2C%20and%20statutory%20levies.)
* [Brokerage Charges & Pricing - Growwgroww.in/pricing](https://groww.in/pricing#:~:text=Intraday,BUYSELL)
* [Top 10 Best Stock Brokers in India 2026 by NSE Active Aclients - Dhandhan.co/blog/news/top-10-best-stock-brokers-in-india](https://dhan.co/blog/news/top-10-best-stock-brokers-in-india/#:~:text=advisory%20hand-holding.-,3.,at%20flat-fee%20discount%20rates.)

AI ModeGoogle AI Mode

Answered 2 June 2026

The lowest headline brokerage plans in India for 2026 are offered by modern \*\*discount brokers, who have cut charges down to absolute zero (𝟎)\*\* across multiple trading segments, or charge a tight flat fee of \*\*𝟐𝟎 per executed order\*\*. While several platforms market themselves as zero-brokerage, they generally fall into three distinct categories: \*\*True Zero-Brokerage\*\* (no fees across all segments), \*\*Hybrid Discount\*\* (free equity delivery, flat 2 0 for intraday/F&O), and \*\*Subscription-based models\*\*. Compare Lowest Brokerage Platforms in 2026 The table below breaks down the top low-cost stock brokers in India by their standard, headline brokerage rates. | Stock Broker | Equity Delivery | Equity Intraday | Futures & Options (F&O) | Account Maintenance (AMC) | |---|---|---|---|---| | \*\*Shoonya by Finvasia\*\* | 0 | 0 | 0 | 0 (Lifetime Free) | | \*\*\*\* | 0 | 0 | 0 | 0 (Lifetime Free) | | \*\*\*\* | 0 | 0 | 0 | 0 (Via one-time upfront fee) | | \*\*\*\* | 0 | Lower of 2 0 or 0.0 3% | 2 0 per order | 3 0 0 / year | | \*\*Groww\*\* | Lower of 2 0 or 0.0 5% | Lower of 2 0 or 0.0 5% | 2 0 per order | 0 | | \*\*Angel One\*\* | 0 | Lower of 2 0 or 0.0 3% | 2 0 per order | 2 4 0 / year | | \*\*Upstox\*\* | 0 | Lower of 2 0 or 0.0 5% | 2 0 per order | 1 5 0 to 3 0 0 / year | Uncover the Breakdown of Leading Options True Zero-Brokerage Ecosystems - \*\*Shoonya by Finvasia\*\*: They maintain a strict \*\*zero-brokerage structure across all trading segments\*\* (Delivery, Intraday, Options, and Futures) with no hidden account maintenance fees. They monetize alternative clearing structures and institutional offerings rather than retail traders. - \*\*Flattrade\*\*: Offers a completely \*\*free trading experience across the board\*\*. There are zero clearing charges, zero brokerage fees, and no annual upkeep costs for retail demat holders. - \*\*m.Stock by Mirae Asset\*\*: Provides a lifetime \*\*𝟎 brokerage layout across all products\*\*. However, accessing this requires an initial, one-time premium account opening fee (typically 9 9 9). Flat-Fee Industry Giants (Hybrid Model) - \*\*Zerodha\*\*: The discount pioneer charges \*\*𝟎 for long-term equity delivery investments\*\*. For intraday and F&O trading, they levy a cap of 2 0 per order, ensuring predictable costs for high-volume traders. - \*\*Groww\*\*: India's largest broker by active user base structures fees at \*\*𝟐𝟎 or𝟎.𝟎𝟓% per order\*\* for both delivery and intraday. They offer an entirely free annual upkeep tier (0 AMC). Identify "Hidden" Non-Brokerage Regulatory Costs Even if a platform advertises exact zero-brokerage trading, every investor must pay mandatory \*\*statutory and transaction fees\*\* dictated by SEBI and the Government of India. These cannot be waived by any broker: 1\. \*\*Securities Transaction Tax (STT):\*\* Charged at 0.1% on both buy and sell transactions for Equity Delivery, and 0.0 2 5% on the sell-side for Intraday. 2\. \*\*DP (Depository Participant) Charges:\*\* A flat fee (usually 1 3.5 to 1 8.5 + GST) levied by CDSL/NSDL \*only when selling\* shares from your Demat account. It applies per stock ticker per day, not per order. 3\. \*\*SEBI Turnover Fees & GST:\*\* A fixed statutory fee of 0.0 0 0 1% alongside an 1 8% GST on the combined value of the brokerage, SEBI fees, and transaction exchange costs. If you would like to narrow this down, please share \*\*what financial segment you trade most frequently\*\* (e.g., long-term delivery, fast intraday, or F&O contracts) or \*\*how many orders you typically execute per month\*\* so I can calculate your exact projected costs.

Brands named

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

Sources cited · 5

* [Flattradeflattrade.in](https://flattrade.in/)
* [report / best online stock brokers for beginner investor / 35chittorgarh.com/report/best-online-stock-brokers-for-beginner-investor/35?year=2026](https://www.chittorgarh.com/report/best-online-stock-brokers-for-beginner-investor/35/?year=2026)
* [m.Stock (Mirae Asset)mstock.com/articles/low-cost-discount-brokerage-in-india](https://www.mstock.com/articles/low-cost-discount-brokerage-in-india)
* [Zerodhazerodha.com/charges](https://zerodha.com/charges/)
* [pricingstoxkart.com/pricing](https://www.stoxkart.com/pricing)

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