# Lowest brokerage in India 2026 · 17 Jun
> What ChatGPT, Gemini, and Google AI Mode said about: Lowest brokerage in India 2026. Brands named, sources cited, sentiment per engine on 17 Jun.

Canonical URL: https://cite.solutions/state-of-ai-india/investing-apps/reports/2026-06-17/p/27
Source: Cite Solutions (cite.solutions)
Published: 2026-06-17
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[← Investing Apps · 17 June 2026](/state-of-ai-india/investing-apps/reports/2026-06-17)One prompt · three engines

Prompt 27 · 17 June 2026

# Lowest brokerage in India 2026

Three engines were asked the exact prompt above on 17 June 2026. Below is the verbatim answer each one gave, the brands it named, and the URLs it cited.

ChatGPTgpt-5-5

Answered 17 June 2026

If your goal is \*\*the lowest brokerage in India in 2026\*\*, the answer depends on whether you're an investor or an active trader. | Broker | Equity Delivery | Intraday | F&O | AMC | |----------|----------|----------|----------|----------| | Zerodha | ₹0 | ₹20 or 0.03% (lower) | ₹20/order | \~₹300/year | | Groww | ₹0–₹20 depending on segment | ₹20 | ₹20 | ₹0 | | Upstox | ₹0 | ₹20 | ₹20 | Low/varies | | Angel One | ₹0 | ₹20 | ₹20 | Low/varies | | mStock | Among the cheapest; ₹5/order plans or lifetime brokerage plans available | Very low | Very low | One-time plan available | Most major discount brokers now charge \*\*₹0 brokerage for delivery investing\*\* and \*\*₹20/order for intraday and F&O\*\*. ### Lowest-cost choices by use case \*\*For long-term investors\*\* - Groww: ₹0 AMC and simple interface. Good if you mainly buy and hold. - Zerodha: Slight AMC cost, but lower transaction-related charges and a strong ecosystem. \*\*For active traders\*\* - mStock is often cited as the cheapest due to lower per-order charges than the standard ₹20 charged by most competitors. - Zerodha remains highly competitive with ₹20 or 0.03% (whichever is lower) on intraday trades. ### What many people overlook Brokerage is only one cost. Also compare: - DP charges when selling shares - AMC (annual maintenance charges) - Pledge/unpledge charges - Margin funding interest rates - Platform reliability and tools For many investors, these costs end up mattering more than the difference between ₹5 and ₹20 brokerage. ### Quick recommendation - \*\*Absolute lowest trading cost:\*\* mStock. - \*\*Best balance of low cost + platform quality:\*\* Zerodha. - \*\*Best for beginners with minimal fixed costs:\*\* Groww. If you tell me whether you do \*\*delivery investing, intraday trading, or F&O trading\*\*, I can narrow it down to the cheapest broker for your specific style.

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")

Sources cited · 5

* [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)
* [Zerodha vs Groww vs Upstox 2026 — Free Brokerage Calculator + Complete Comparison | Sharenoxsharenox.com/blog/Zerodha\_vs\_Groww\_vs\_Upstox.html](https://www.sharenox.com/blog/Zerodha%5Fvs%5FGroww%5Fvs%5FUpstox.html?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)
* [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)

Geminigemini-3-flash

Answered 17 June 2026

When looking for the lowest brokerage in India, the market is broadly split into two models: \*\*True Zero-Brokerage Platforms\*\* (which charge ₹0 across almost all segments) and \*\*Flat-Fee Discount Brokers\*\* (which charge a maximum of ₹20 per trade). Here is a breakdown of the cheapest stockbrokers in India, categorized by how much you save. --- ## 1\. Absolute Zero-Brokerage Brokers These platforms have disrupted the market by eliminating standard trading commissions across Equity, F&O, and Commodities. \* \*\*Flattrade:\*\* Offers a true ₹0 brokerage model forever. There are no charges for Equity Delivery, Intraday, Futures, or Options. Account maintenance (AMC) is also lifetime free. \* \*\*Shoonya (by Finvasia):\*\* A prominent zero-brokerage pioneer in India. They charge ₹0 for clearing and ₹0 brokerage across all segments (Delivery, Intraday, F&O). \* \*\*m.Stock (by Mirae Asset):\*\* Offers a lifetime zero-brokerage plan across all segments (including F&O and Intraday) for a one-time upfront account opening fee (usually around ₹999). Alternatively, their standard plan charges a flat ₹10 per trade, which is still lower than the industry standard. --- ## 2\. Flat ₹20 Discount Brokers (Free Delivery) These are India’s largest and most popular platforms. While they aren't completely free for active intraday or F&O traders, they charge \*\*₹0 for long-term equity delivery\*\* and a highly competitive flat fee for other trades. \* \*\*Zerodha:\*\* The pioneer of discount broking. \* \* \*Equity Delivery:\* ₹0 \* \*Intraday & F&O:\* Flat ₹20 or 0.03% (whichever is lower) per executed order. \* \*\*Groww:\*\* Currently one of the largest brokers by active user count. \* \* \*Equity Delivery:\* Flat ₹20 or 0.05% (whichever is lower). \* \*Intraday & F&O:\* Flat ₹20 per executed order. \* \*\*Angel One & Upstox:\*\* Both follow a similar traditional discount model. \* \* \*Equity Delivery:\* ₹0 \* \*Intraday & F&O:\* Flat ₹20 or 0.03% (whichever is lower). --- ## Summary Comparison Table | Broker | Equity Delivery | Intraday / F&O Brokerage | Account Maintenance (AMC) | |:--- |:--- |:--- |:--- | | \*\*Flattrade\*\* | ₹0 | ₹0 | Free | | \*\*Shoonya\*\* | ₹0 | ₹0 | Free | | \*\*m.Stock\*\* | ₹0 \*(with upfront plan)\* | ₹0 \*(with upfront plan)\* | Free \*(with upfront plan)\* | | \*\*Zerodha\*\* | ₹0 | Flat ₹20 or 0.03% | ₹300 / year | | \*\*Groww\*\* | Flat ₹20 or 0.05% | Flat ₹20 | Free | | \*\*Angel One\*\* | ₹0 | Flat ₹20 or 0.03% | ₹240 / year (Free 1st year) | --- ## ⚠️ Important Note: The "Hidden" Charges Even if a broker advertises \*\*"Zero Brokerage,"\*\* you will still have to pay government-mandated taxes and statutory fees on every trade. These are identical across all platforms and include: \* \*\*STT (Securities Transaction Tax):\*\* The heaviest tax, especially on equity delivery (0.1% on buy & sell). \* \*\*Exchange Transaction Charges:\*\* Charged by the NSE/BSE. \* \*\*SEBI Turnover Fees\*\* \* \*\*Stamp Duty\*\* \* \*\*DP (Depository Participant) Charges:\*\* Usually ₹13.5 to ₹20 per company, charged only when you \*sell\* shares from your Demat account. \* \*\*18% GST:\*\* Applied on top of the brokerage and transaction charges. > \*\*Recommendation:\*\* If you are a long-term investor who just buys and holds, \*\*Zerodha, Groww, or Angel One\*\* offer incredible tech platforms with ₹0 delivery brokerage. If you are a high-volume intraday or options trader, look into true zero-brokerage players like \*\*Flattrade\*\* or \*\*Shoonya\*\* to save lakhs in commission over the year.

Brands named

[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")

AI ModeGoogle AI Mode

Answered 17 June 2026

The lowest brokerage options in India for 2026 are split between \*\*true zero-brokerage models\*\* (like, Finvasia, and m.Stock) that charge ₹0 across segments, and \*\*flat discount models\*\* (like, Groww, and Upstox) that charge a flat ₹20 per trade. Choosing the cheapest option depends heavily on your trading volume and whether you prefer an absolute zero-cost model or a reliable, feature-rich ecosystem. Compare the Lowest Brokerage Charges in 2026 The following structured table outlines the top low-cost and zero-brokerage stockbrokers in India: | Broker Type | Stock Broker | Equity Delivery Fee | Intraday & F&O Fee | Account Maintenance (AMC) | Key Attribute | |---|---|---|---|---|---| | \*\*Lifetime Zero Brokerage\*\* | Flattrade | \*\*₹0\*\* | \*\*₹0\*\* | ₹0 | 100% free across all segments, no subscription. | | \*\*Lifetime Zero Brokerage\*\* | Finvasia (Shoonya) | \*\*₹0\*\* | \*\*₹0\*\* | ₹0 | Completely free, built-in AI tools for trading. | | \*\*Subscription-Based Zero\*\* | m.Stock (Mirae Asset) | \*\*₹0\*\* | \*\*₹0\*\* (with ₹999 plan) | ₹0 (with ₹999 upfront fee) | ₹999 one-time payment gives lifetime ₹0 trading. | | \*\*Flat Discount (Premium)\*\* | Zerodha | \*\*₹0\*\* | \*\*Flat ₹20\*\* or 0.03% | ₹300 / year | Market leader, most robust execution tech. | | \*\*Flat Discount (Premium)\*\* | Groww | \*\*₹0\*\* or 0.05% | \*\*Flat ₹20\*\* or 0.05% | \*\*₹0\*\* | India's largest broker, beginner-friendly. | | \*\*Flat Discount (Premium)\*\* | Kotak Neo | \*\*₹0\*\* | \*\*₹0\*\* (Intraday) / ₹20 (F&O) | ₹0 (under youth plan) | Free intraday trades backed by a major bank. | Step-by-Step Guide to Actioning Your Broker Selection To maximize your cost savings, follow this operational sequence to match a broker to your routine: 1\. \*\*Assess Your Trading Frequency\*\*: If you place more than 50 trades a month, shift entirely to absolute zero-brokerage models (Flattrade or m.Stock) to prevent flat fees from biting into profits. 2\. \*\*Review Hidden Regulatory Taxes\*\*: Remember that "Zero Brokerage" does not mean zero trading costs. You will still pay government-mandated fees such as Securities Transaction Tax (STT), SEBI turnover fees, Stamp Duty, and 18% GST. 3\. \*\*Verify the DP (Depository Participant) Charges\*\*: When selling equity delivery stocks, discount brokers charge a "DP fee" (typically ₹13.5 to ₹20 + GST per company, per day). Ensure you review this if you frequently sell small long-term equity quantities. 4\. \*\*Test the Trading Terminal\*\*: Open a free account with your top pick to check app latency and execution speed during live market hours before deploying heavy capital. Critical Considerations to Prevent Dead Ends - \*\*Platform Stability vs. Cost\*\*: True zero-fee platforms (Flattrade, Finvasia) save maximum cash but can occasionally lag during peak market volatility (such as budget days or major market crashes). If uptime is your priority, paying a flat ₹20 to Zerodha or Upstox behaves like insurance for smooth trade routing. - \*\*Upfront Costs\*\*: Subscriptions like m.Stock's ₹999 plan only break even if you plan to trade actively for at least 3–6 months. To help me tailor a more specific recommendation, what is your \*\*primary trading style\*\* (e.g., long-term investor, intraday trader, or F&O scalper), and what is your \*\*estimated monthly order volume\*\*?

Brands named

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

Sources cited · 5

* [Flattradeflattrade.in](https://flattrade.in/)
* [Zerodhazerodha.com/charges](https://zerodha.com/charges/)
* [articles / low cost discount brokerage in indiamstock.com/articles/low-cost-discount-brokerage-in-india](https://www.mstock.com/articles/low-cost-discount-brokerage-in-india)
* [pricingstoxkart.com/pricing](https://www.stoxkart.com/pricing)
* [lowest brokerage charges in indiaequitylogy.in/lowest-brokerage-charges-in-india](https://equitylogy.in/lowest-brokerage-charges-in-india/)

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