# Lowest brokerage in India 2026 · 8 Jun
> What ChatGPT, Gemini, and Google AI Mode said about: Lowest brokerage in India 2026. Brands named, sources cited, sentiment per engine on 8 Jun.

Canonical URL: https://cite.solutions/state-of-ai-india/investing-apps/reports/2026-06-08/p/27
Source: Cite Solutions (cite.solutions)
Published: 2026-06-08
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[← Investing Apps · 8 June 2026](/state-of-ai-india/investing-apps/reports/2026-06-08)One prompt · three engines

Prompt 27 · 8 June 2026

# Lowest brokerage in India 2026

Three engines were asked the exact prompt above on 8 June 2026. Below is the verbatim answer each one gave, the brands it named, and the URLs it cited.

ChatGPTgpt-5-5

Answered 8 June 2026

If by “lowest brokerage” you mean the cheapest stock broker in India in 2026, the answer depends on whether you're an investor or an active trader. ### Lowest-cost brokers in 2026 | Broker | Equity Delivery | Intraday/F&O | AMC | |----------|----------|----------|----------| | Shoonya | ₹0 | ₹0–₹5 | ₹0 | | m.Stock | ₹0 (on eligible plans) | Very low / plan-based | Low | | Dhan | ₹0 | ₹20/order | ₹0 | | Zerodha | ₹0 | ₹20/order | ₹300/year | | Upstox | ₹0 | ₹20/order | Low | | Groww | Brokerage applies on delivery trades | ₹20/order | ₹0 | ### Best choices by use case \*\*For the absolute lowest brokerage\*\* - Shoonya is often the cheapest because it advertises zero brokerage across most segments and very low ancillary charges. \*\*For long-term investors\*\* - Dhan and Zerodha are popular because equity delivery brokerage is ₹0\. \*\*For beginners\*\* - Groww has a simple interface and ₹0 AMC, but note that delivery trades are not completely free. ### Important: Don't compare brokerage alone Many investors focus on the ₹20 brokerage and ignore: - DP charges when selling shares - AMC fees - Pledging charges - Margin funding interest - Exchange charges and taxes These can have a bigger impact than brokerage itself. ### My shortlist for 2026 1\. Shoonya — lowest overall cost. 2\. Dhan — excellent for investors and traders. 3\. Zerodha — best platform reliability and ecosystem. 4\. Upstox — good balance of features and cost. If you tell me whether you do \*\*delivery investing\*\*, \*\*intraday trading\*\*, or \*\*F&O trading\*\*, I can suggest the cheapest broker specifically for that style.

Brands named

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

Sources cited · 4

* [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)
* [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)
* [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)
* [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)

Geminigemini-3-flash

Answered 8 June 2026

When looking for the \*\*lowest brokerage in India\*\*, the market is divided into a few distinct models. Depending on whether you want a flat fee per order, an absolute \*\*₹0 brokerage\*\* across all segments, or a monthly fixed subscription, different brokers will suit you best. The cheapest stockbrokers in India are structured around their pricing models: ### 1\. The "True Zero" / 100% Zero Brokerage Model These brokers charge \*\*₹0 brokerage\*\* across all segments—including Intraday, Futures & Options (F&O), and Delivery. \* \*\*Flattrade:\*\* Offers a lifetime ₹0 brokerage plan across all segments (Equity, F&O, Commodities, and Currency) with zero Demat Annual Maintenance Charges (AMC). \* \*\*Shoonya (by Finvasia):\*\* Another popular pioneer in the absolute zero-brokerage space, charging ₹0 for clearing, AMC, and across all trading segments. ### 2\. The Flat Monthly Subscription Model If you are an extremely high-volume or algorithmic trader, a flat monthly fee is often the cheapest option because your brokerage doesn't increase with the number of trades. \* \*\*ProStocks:\*\* Offers a flat \*\*₹499/month\*\* unlimited trading plan per exchange for Equity, F&O, and Currency. If you don't trade in a given calendar month, you pay nothing. (Alternatively, they have a flat ₹15 per trade plan). ### 3\. The Flat Fee Per-Order Model (The Big Three) These are mainstream discount brokers. While not strictly the absolute cheapest, they offer highly stable platforms with ultra-low, predictable flat rates. \* \*\*Groww & Zerodha:\*\* They charge \*\*₹0\*\* for Equity Delivery. For Intraday and F&O, they charge \*\*Flat ₹20\*\* or \*\*0.03% to 0.1%\*\* (whichever is lower) per executed order. \* \*\*Angel One:\*\* Offers zero brokerage on equity delivery for the first 30 days, followed by a flat ₹20 per order for Intraday and F&O. \* \*\*m.Stock (by Mirae Asset):\*\* Offers a hybrid option where you can pay a one-time account opening fee to get ₹0 brokerage for life across all segments, or opt for a flat \*\*₹10 per trade\*\* plan. --- ### Comparison Summary | Broker | Equity Delivery | Equity Intraday | F&O (Options/Futures) | Maintenance (AMC) | |:--- |:--- |:--- |:--- |:--- | | \*\*Flattrade\*\* | ₹0 | ₹0 | ₹0 | ₹0 | | \*\*Shoonya\*\* | ₹0 | ₹0 | ₹0 | ₹0 | | \*\*ProStocks\*\* | ₹0 | ₹15/trade or ₹499/mo | ₹15/trade or ₹499/mo | ₹0 (with certain plans) | | \*\*m.Stock\*\* | ₹0 (paid plan) / ₹10 | ₹0 (paid plan) / ₹10 | ₹0 (paid plan) / ₹10 | Varies by plan | | \*\*Groww\*\* | ₹0 | Lower of ₹20 or 0.1% | Flat ₹20 | ₹0 | | \*\*Zerodha\*\* | ₹0 | Lower of ₹20 or 0.03% | Flat ₹20 | ₹300/year | --- ### ⚠️ The Catch: "Zero Brokerage" \\neq Zero Cost Even if a broker charges ₹0 in brokerage, you still have to pay Government and Statutory taxes mandated by SEBI and the exchanges on every single transaction. These include: \* \*\*STT (Securities Transaction Tax):\*\* The heaviest non-brokerage tax, especially on the sell-side. \* \*\*Exchange Transaction Charges:\*\* Charged by the NSE/BSE. \* \*\*DP (Depository Participant) Charges:\*\* Usually ₹3.5 to ₹15+ per company/scrip, levied only when you \*sell\* shares from your Demat holding. \* \*\*GST:\*\* 18% applied on the brokerage + transaction charges + DP charges. \*\*Recommendation:\*\* If your primary goal is absolute cost-cutting, \*\*Flattrade\*\* or \*\*Shoonya\*\* offer the lowest operational costs. If you value platform stability and charting tools during high-volatility market hours alongside low costs, \*\*Zerodha\*\* or \*\*Groww\*\* remain the safer retail benchmarks.

Brands named

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

Sources cited · 6

* [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/)
* [Flattrade: Zero Brokerage Trading App in Indiaflattrade.in](https://flattrade.in/)
* [Brokerage Charge - Flat ₹15/trade or ₹499 unlimited, Fees, Prepaid Pricing Planprostocks.com/pricing.html](https://www.prostocks.com/pricing.html)
* [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#:~:text=Intraday,BUYSELL)
* [Brokerage Charges & Pricing - Growwgroww.in/pricing](https://groww.in/pricing)

AI ModeGoogle AI Mode

Answered 8 June 2026

As of mid-2026, the lowest brokerage in India is dominated by discount brokers offering zero brokerage on delivery trades and flat-fee pricing on intraday/derivatives. \*\*Top Low-Brokerage Platforms 2026\*\* - \*\*m.Stock:\*\* Frequently cited for low costs, providing a structure of \\₹10 brokerage on all trades, making it highly competitive. - \*\*:\*\* Remains a market leader with \*\*zero brokerage on equity delivery\*\* and a maximum of \\₹20 or 0.03% (whichever is lower) for intraday and futures. - \*\*:\*\* Offers a simple structure with ₹0 account opening and maintenance, often with flat fee or 0.1% charges. - \*\*:\*\* Offers ₹0 brokerage on equity delivery and flat ₹20 for intraday/F&O. - \*\*Upstox:\*\* Features ₹0 brokerage for equity delivery and ₹20 for intraday. \*\*Key Brokerage Trends 2026\*\* - \*\*Delivery Trades:\*\* The standard for most major discount brokers is zero brokerage for long-term investments. - \*\*Intraday & F&O:\*\* Most brokers have moved to a flat fee model (e.g., \\₹10-\\₹20 per trade) rather than a percentage-based fee. - \*\*Maintenance:\*\* Many brokers, including Groww, now offer ₹0 Account Maintenance Charges (AMC). \*Note: In addition to brokerage, statutory charges like Securities Transaction Tax (STT), Exchange Transaction Charges, and SEBI fees apply.\* If you can tell me whether you are a \*\*long-term investor\*\* (delivery) or an \*\*active trader\*\* (intraday/options), I can help you choose the best broker. I can also: - \*\*Compare\*\* the specific fees (e.g., AMC) of two brokers. - \*\*List\*\* the best apps for beginners vs. experienced traders. Let me know what you'd like to \*\*narrow down\*\*.

Brands named

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

Sources cited · 4

* [Zerodhazerodha.com](https://zerodha.com/)
* [Growwgroww.in](https://groww.in/)
* [Angel Oneangelone.in](https://www.angelone.in/)
* [brokerselect.finology.in/broker](https://select.finology.in/broker)

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