# Lowest brokerage in India 2026 · 6 Jun
> What ChatGPT, Gemini, and Google AI Mode said about: Lowest brokerage in India 2026. Brands named, sources cited, sentiment per engine on 6 Jun.

Canonical URL: https://cite.solutions/state-of-ai-india/investing-apps/reports/2026-06-06/p/27
Source: Cite Solutions (cite.solutions)
Published: 2026-06-06
---

[← Investing Apps · 6 June 2026](/state-of-ai-india/investing-apps/reports/2026-06-06)One prompt · three engines

Prompt 27 · 6 June 2026

# Lowest brokerage in India 2026

Three engines were asked the exact prompt above on 6 June 2026. Below is the verbatim answer each one gave, the brands it named, and the URLs it cited.

ChatGPTgpt-5-5

Answered 6 June 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.

Brands named

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

Sources cited · 4

* [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)
* [Zerodha, Groww, Angel One Brokerage Charges 2026 — Compare All Brokers | StockCalc.instockcalc.in/blog/stock-broker-charges-india-2026](https://stockcalc.in/blog/stock-broker-charges-india-2026?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)
* [Compared DP charges Across 6 Brokers: Here's Where Your Money is Actually Goingreddit.com/r/ValueInvestingIndia/comments/1tozk7c/compared\_dp\_charges\_across\_6\_brokers\_heres\_where](https://www.reddit.com/r/ValueInvestingIndia/comments/1tozk7c/compared%5Fdp%5Fcharges%5Facross%5F6%5Fbrokers%5Fheres%5Fwhere/?utm%5Fsource=chatgpt.com)

Geminigemini-3-flash

Answered 6 June 2026

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.

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 · 5

* [Flattrade: Zero Brokerage Trading App in Indiaflattrade.in](https://flattrade.in/#:~:text=All%20Markets%2C%20One%20Platform,all%20segments%20at%20zero%20brokerage)
* [Flattrade: Zero Brokerage Trading App in Indiaflattrade.in](https://flattrade.in/)
* [Lowest Brokerage Charges in India – Complete Guide 2026laresalgotech.com/lowest-brokerage-charges-in-india-complete-guide-2026](https://laresalgotech.com/lowest-brokerage-charges-in-india-complete-guide-2026/#:~:text=Zero%20brokerage%20usually%20applies%20only,%2C%20GST%2C%20and%20stamp%20duty.)
* [Brokerage Charges & Pricing - Growwgroww.in/pricing](https://groww.in/pricing)
* [Lowest Brokerage Charges in India – Complete Guide 2026laresalgotech.com/lowest-brokerage-charges-in-india-complete-guide-2026](https://laresalgotech.com/lowest-brokerage-charges-in-india-complete-guide-2026/)

AI ModeGoogle AI Mode

Answered 6 June 2026

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)?

Brands named

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

Sources cited · 4

* [Zerodhazerodha.com](https://zerodha.com/)
* [brokerselect.finology.in/broker](https://select.finology.in/broker)
* [m.Stock by Mirae Assetmstock.com/articles/low-cost-discount-brokerage-in-india](https://www.mstock.com/articles/low-cost-discount-brokerage-in-india)
* [blog / news / top 10 best stock brokers in indiadhan.co/blog/news/top-10-best-stock-brokers-in-india](https://dhan.co/blog/news/top-10-best-stock-brokers-in-india/)

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