# Lowest brokerage in India 2026 · 20 Jun
> What ChatGPT, Gemini, and Google AI Mode said about: Lowest brokerage in India 2026. Brands named, sources cited, sentiment per engine on 20 Jun.

Canonical URL: https://cite.solutions/state-of-ai-india/investing-apps/reports/2026-06-20/p/27
Source: Cite Solutions (cite.solutions)
Published: 2026-06-20
---

[← Investing Apps · 20 June 2026](/state-of-ai-india/investing-apps/reports/2026-06-20)One prompt · three engines

Prompt 27 · 20 June 2026

# Lowest brokerage in India 2026

Three engines were asked the exact prompt above on 20 June 2026. Below is the verbatim answer each one gave, the brands it named, and the URLs it cited.

ChatGPTgpt-5-5

Answered 20 June 2026

If your goal is \*\*lowest overall brokerage in India in 2026\*\*, the answer depends on how you trade: | 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/order | ₹20/order | ₹0 | | Upstox | ₹0 | ₹20/order | ₹20/order | Low/₹0 plans | | Angel One | ₹0 | ₹20/order | ₹20/order | Low/₹0 plans | | mStock | Among the cheapest for active traders | Flat low-cost plans | Flat low-cost plans | One-time plan available | ### Best choices by use case \*\*For long-term investors\*\* - Zerodha is often the cheapest in practice because equity delivery brokerage is zero and DP charges are relatively low. \*\*For beginners\*\* - Groww is attractive due to ₹0 AMC and a simple app. \*\*For heavy traders (Intraday/F&O)\*\* - mStock is frequently cited as one of the lowest-cost options for active traders, while Zerodha remains highly competitive. ### Important: Brokerage isn't the only cost Many investors focus only on the ₹20 brokerage, but your total cost also includes: - DP charges when selling shares - Exchange transaction charges - STT - GST - Stamp duty For active traders, these can matter as much as brokerage itself. ### Quick recommendation - \*\*Lowest cost for long-term investing:\*\* Zerodha - \*\*Lowest cost + no AMC for beginners:\*\* Groww - \*\*Lowest cost for frequent traders:\*\* mStock If you tell me whether you do \*\*delivery investing, intraday, or F&O trading\*\*, I can give a more precise recommendation.

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 · 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)
* [Groww vs Zerodha — Brokerage, MTF Rates & Features Compared (2026) | Downstoxdownstox.com/vs/groww-vs-zerodha](https://downstox.com/vs/groww-vs-zerodha?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)
* [Zerodha, Groww, Angel One Brokerage Charges 2026 —...stockcalc.in/blog/stock-broker-charges-india-2026](https://stockcalc.in/blog/stock-broker-charges-india-2026?utm%5Fsource=chatgpt.com)

Geminigemini-3-flash

Answered 20 June 2026

In 2026, the online stock broking space in India is intensely competitive. While the standard discount broking model sits at a flat \*\*₹20 per executed order\*\*, a sub-category of "Zero-Brokerage" platforms has emerged to offer even lower costs. If you are looking for the absolute lowest brokerage options, the top players generally fall into two models: --- ### 1\. True 100% Zero-Brokerage Platforms These platforms completely eliminate brokerage fees across segments like Equity Delivery, Intraday, and F&O. They make their revenue through auxiliary services, Margin Trade Funding (MTF), or subscriptions. \* \*\*Flattrade:\*\* Offers \*\*₹0 brokerage forever\*\* across all major segments, including Equity Delivery, Intraday, Futures, and Options. They also have no Demat Account Maintenance Charges (AMC). \* \*\*Shoonya (by Finvasia):\*\* A well-known pioneer in the zero-brokerage space, offering completely free trading across all segments with zero clearing and brokerage charges. \* \*\*Stoxkart:\*\* Offers zero brokerage plans on key segments like Equity Delivery and Intraday, prioritizing flat structures to compete with traditional discount firms. ### 2\. "Subscription / One-Time Fee" Models These brokers give you zero brokerage on all trades, but they require a one-time setup fee or an upfront subscription. \* \*\*m.Stock (by Mirae Asset):\*\* Offers a lifetime zero-brokerage account across all segments (Delivery, Intraday, F&O) for a one-time account opening fee (usually around ₹999). If you choose their free account opening instead, they charge a lower-than-average \*\*₹10 per executed order\*\*. \* \*\*Wisdom Capital:\*\* Offers flat-rate subscription models (e.g., ₹999/month for unlimited trades) or low flat rates starting around ₹9 per executed order. ### 3\. Industry Leaders (Standard Discount Brokers) If you prefer major mainstream platforms that boast high tech stability and heavy user bases, the industry standard remains: \* \*\*Zerodha, Groww, Angel One, Upstox, and Dhan:\*\* \* \*\*Equity Delivery:\*\* Usually \*\*₹0\*\* (though some charge 0.1% or up to ₹20, like Groww). \* \* \*\*Intraday & F&O:\*\* Flat \*\*₹20 per executed order\*\* (or 0.03% to 0.05%, whichever is lower). --- ### ⚠️ Important Caution: "Zero Brokerage" \\neq Free Trading Even if a broker charges ₹0 in brokerage fees, you will always have to pay government-mandated statutory levies and taxes. These unavoidable charges can often exceed the actual brokerage cost: \* \*\*STT (Securities Transaction Tax):\*\* 0.1% on delivery (buy/sell) and 0.025% on intraday (sell). \* \*\*Exchange Transaction Charges:\*\* Charged by NSE/BSE. \* \*\*SEBI Turnover Fees:\*\* Standardized industry-wide. \* \*\*Stamp Duty:\*\* 0.015% on buying delivery. \* \*\*DP Charges:\*\* Usually ₹13.5 to ₹20 per company debit (charged whenever you \*sell\* shares out of your Demat account). \* \*\*GST:\*\* 18% applied to the brokerage, transaction charges, and DP fees.

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

Sources cited · 8

* [Flattrade: Zero Brokerage Trading App in Indiaflattrade.in](https://flattrade.in/#:~:text=Trade%20unlimited%20in%20Equity%2C%20F%26O,Secured%20Platform)
* [Flattrade: Zero Brokerage Trading App in Indiaflattrade.in](https://flattrade.in/)
* [Flattrade: Zero Brokerage Trading App in Indiaflattrade.in](https://flattrade.in/#:~:text=Unlimited%20trading%20in%20Equity%2C%20F%26O,SAVE%20MORE)
* [Stoxkart Pricing – Zero Brokerage Plans & Feesstoxkart.com/pricing](https://www.stoxkart.com/pricing#:~:text=Segments,Brokerage%2BT.C%2BSebi)
* [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=This%20is%20because%20they%20provide,10%20brokerage%20across%20all%20trades.)
* [Stoxkart Pricing – Zero Brokerage Plans & Feesstoxkart.com/pricing](https://www.stoxkart.com/pricing)
* [Brokerage Charges & Pricing - Growwgroww.in/pricing](https://groww.in/pricing)
* [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)

AI ModeGoogle AI Mode

Answered 20 June 2026

The lowest brokerage options in India for 2026 are split between \*\*true zero-brokerage models\*\* (like ⁠Flattrade\], Finvasia, and m.Stock) that charge ₹0 across segments, and \*\*flat discount models\*\* (like ⁠Zerodha\], 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

* [!\[api.dataforseo.com/cdn/i/06201926-1359-0139-0000-80a67324c816:4](https://api.dataforseo.com/cdn/i/06201926-1359-0139-0000-80a67324c816:4)
* [!\[api.dataforseo.com/cdn/i/06201926-1359-0139-0000-80a67324c816:5](https://api.dataforseo.com/cdn/i/06201926-1359-0139-0000-80a67324c816:5)
* [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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