Lowest brokerage in India 2026

If your only goal is **the lowest brokerage cost in India in 2026**, the answer depends on your trading style: | Broker | Equity Delivery | Intraday | F&O | AMC | |----------|----------|----------|----------|----------| | Zerodha | ₹0 | ₹20 or 0.03% | ₹20/order | ~₹300/year | | Groww | ₹0 | ₹20/order | ₹20/order | ₹0 | | Upstox | ₹0 | ₹20/order | ₹20/order | ₹0 | | Angel One | ₹0 | ₹20/order | ₹20/order | ₹0 or low AMC plans | | m.Stock | Among the cheapest overall, with low-cost plans and no recurring AMC under some plans | Very low | Very low | One-time fee model | | ### Best choices by use case **For long-term investors** - Zerodha is often considered the best balance of low cost, reliability, and platform quality. ₹0 delivery brokerage and strong tools. **For beginners** - Groww offers ₹0 AMC and a simple interface. **For active traders** - Upstox, Angel One, and Zerodha all charge around ₹20 per order, but AMC and other fees differ. **For the absolute lowest charges** - Community discussions frequently mention Shoonya, m.Stock, and Dhan as ultra-low-cost alternatives, though platform features and support may vary. ### My shortlist for 2026 1. Zerodha — best overall. 2. Groww — best for beginners. 3. m.Stock — lowest-cost focused. 4. Dhan — popular among active traders. 5. Upstox — strong value with ₹0 AMC. If you tell me whether you do **long-term investing**, **intraday trading**, or **F&O trading**, I can narrow it down to the cheapest broker for your specific usage.

In 2026, the stock brokerage landscape in India is highly competitive, dominated by discount brokers offering zero-brokerage models for long-term investors and flat-fee models for active traders. When looking for the "lowest brokerage," platforms generally fall into three distinct categories: **True Zero-Brokerage**, **Flat-Fee Discount**, and **Subscription/Lifetime Free** models. --- ## 1. True Zero-Brokerage (No Fees Across Segments) A few modern platforms have eliminated brokerage fees entirely—not just for delivery, but for intraday and F&O as well. * **Flattrade:** This platform charges **₹0 brokerage forever** across all segments including Equity Delivery, Intraday, F&O, Commodities, and Currency. It features a simple flat structure with standard statutory charges. * **Shoonya (by Finvasia):** Known as one of the pioneers of the absolute zero-brokerage model in India, they continue to charge zero brokerage across all segments with no hidden platform fees. ## 2. The Flat-Fee Giants (Market Leaders) The biggest brokers in India don't charge for equity delivery, but they levy a small, flat fee for intraday and F&O. This model is preferred by retail investors who prioritize app stability, advanced charting, and execution speed over saving the last ₹20. | Broker | Equity Delivery | Equity Intraday | Futures & Options (F&O) | |:--- |:--- |:--- |:--- | | **Groww** (India's largest by active clients) | ₹0 | Lower of ₹20 or 0.1% | Flat ₹20 per executed order | | **Zerodha** (Industry benchmark) | ₹0 | Lower of ₹20 or 0.03% | Flat ₹20 per executed order | | **Angel One** | ₹0 *(First 30 days free)* | Lower of ₹20 or 0.1% | Flat ₹20 per executed order | | **Upstox** | ₹0 | Lower of ₹20 or 0.05% | Flat ₹20 per executed order | ## 3. Subscription & Lifetime Unlimited Models If you are a high-frequency scalper or algorithmic trader, paying ₹20 per order can add up to thousands each month. Some brokers offer subscription models to fix this: * **m.Stock (by Mirae Asset):** Offers a lifetime free brokerage account for a one-time upfront fee (around ₹999). After this, brokerage is **₹0 across all segments** (Intraday, Delivery, F&O) for life. Alternatively, their standard plan charges a flat ₹10 per order, which is lower than the industry standard of ₹20. * **Kotak Securities (Trade Free Plan):** Continues to offer zero brokerage on all **Intraday trades** across segments, though delivery and F&O carry charges depending on the plan chosen. --- > ### ⚠️ The "Zero Brokerage" Reality Check If you are a casual long-term investor, **Groww** or **Zerodha** will essentially cost you nothing for delivery. If you are an active intraday or F&O trader trying to minimize fees to the absolute bone, look into **Flattrade** or **m.Stock's** lifetime plan.

As of June 2026, the lowest brokerage fees in India are primarily offered by discount brokers, with some newer entrants providing zero-brokerage models. Based on current trends, **m.Stock by Mirae Asset**, **Zero-Brokerage plans from brokers like Kotak Securities**, and standard discount brokers like **** and **Groww** offer the most competitive rates. - **:** Positioned as a major low-cost broker, offering a "zero brokerage" model for life on all products (equity, F&O, intraday) for a one-time fee. - **Kotak Securities:** Their 'Free Trade Intraday Plan' or 'Zero Brokerage Plan' is highly competitive for equity delivery. - **Zerodha:** Remains a top discount broker with ₹0 brokerage on equity delivery, and a flat fee of ₹20 or 0.03% (whichever is lower) for intraday and F&O. - **Groww:** Popular for beginners with ₹0 account opening/maintenance fees, and ₹0 brokerage for delivery, with ₹20/order on intraday. - **Angel One:** Offers ₹0 brokerage on equity delivery and a flat fee for intraday and F&O. **Key 2026 Brokerage Trends:** - **Equity Delivery:** Mostly ₹0 across all major discount brokers (Zerodha, Groww, Angel One). - **Intraday/F&O:** Generally ₹20 per executed order or a small percentage (e.g., 0.03% or 0.1%). - **Account Maintenance (AMC):** Many brokers (like Groww) have eliminated annual charges. When choosing, consider factors beyond just brokerage, such as platform reliability and research capabilities, as some full-service brokers are also reducing their fees. If you'd like to narrow down the list, let me know: - Are you primarily interested in **long-term delivery** or **frequent intraday trading**? - Do you need **technical analysis tools** or **expert research reports**? - Do you have a preference for a **bank-based broker** (like HDFC Securities) or a **standalone discount broker** (like Zerodha)?