Lowest brokerage in India 2026

If your only goal is **lowest brokerage in India (2026)**, the major discount brokers are very close to each other, but there are some differences. | Broker | Equity Delivery | Intraday | F&O | AMC | |----------|----------|----------|----------|----------| | Zerodha | ₹0 | ₹20 or 0.03% (lower) | ₹20/order | ₹300/year | | Groww | ₹0 | ₹20/order | ₹20/order | ₹0 | | Upstox | Usually ₹0 delivery plans; check current plan | ₹20/order | ₹20/order | Low/varies | | Angel One | ₹0 | ₹20/order | ₹20/order | Low/varies | | 5paisa | Low-cost plans | ₹20/order | ₹20/order | Varies | Sources show that most discount brokers now charge either **₹0 for delivery investing** and **₹20 per order (or lower percentage cap) for intraday/F&O**. ### Best choices by use case - **Lowest cost for active traders:** Zerodha because its intraday rate cap (0.03%) is among the lowest while keeping ₹0 delivery brokerage. - **Lowest overall cost for beginners/investors:** Groww because it combines ₹0 delivery brokerage with ₹0 AMC. - **Good alternatives:** Upstox and Angel One have similar brokerage structures and are competitive for most retail traders. ### One thing many investors miss Brokerage is only part of the cost. **DP charges, pledge charges, exchange fees, GST, STT, and stamp duty** can sometimes matter more than the brokerage difference itself. **Simple recommendation:** - Long-term investor/SIP investor → **Groww** - Active trader (intraday/F&O) → **Zerodha** - Need research and advisory features → **Angel One** - Want a low-cost alternative with a modern app → **Upstox** If you tell me whether you're doing **long-term investing, intraday trading, or F&O**, I can narrow it down further.

In India's stock broking landscape, the competition has driven brokerage fees down significantly. In 2026, the lowest options span from completely zero-brokerage models to flat-fee discount brokers. The options are structured below by their pricing models: ### 1. The True Zero-Brokerage Platforms These brokers offer **₹0 brokerage** across almost all trading segments (including Delivery, Intraday, and F&O). They typically make money via premium add-on features, subscription APIs, MTF (Margin Trading Facility) interest, or partner integrations. * **Flattrade:** Known for charging ₹0 brokerage forever across Equity Delivery, Intraday, and F&O segments. No hidden subscription fees. * **Navia:** Offers a completely lifetime free brokerage model across all major trading segments using an internal reward/token system. * **Shoonya (by Finvasia):** A long-standing pioneer in the zero-brokerage space with absolute ₹0 clearing, brokerage, and AMC charges. ### 2. Flat Subscription or One-Time Fee Models These platforms ask for a one-time setup fee or an upfront subscription, after which your lifestyle trades drop to zero. * **m.Stock (by Mirae Asset):** Offers a lifetime zero-brokerage plan for a one-time account opening fee. Without the plan, they charge a highly competitive flat **₹10 per order** across all segments. ### 3. Industry Standard Discount Brokers (Flat ₹20/Order) These are the market giants. While they don't offer zero fees on everything, they pioneered low-cost investing by offering free Equity Delivery and capping intraday/F&O trades at a maximum flat fee. * **Zerodha:** **₹0** for Equity Delivery and Mutual Funds. A flat **₹20 or 0.03%** (whichever is lower) per executed order for Intraday and F&O. * **Groww:** **₹0** account maintenance. Charges **₹20 or 0.05%** per executed order for Equity Delivery and Intraday. * **Angel One & Upstox:** Both offer **₹0** for delivery (or under promo periods) and a flat **₹20** per executed order for Intraday/F&O. --- ### ⚠️ A Quick Heads-Up on "Hidden" Costs Even if a broker charges **₹0 in pure brokerage**, you will always have to pay statutory and government-mandated taxes, which are standard across all platforms: * **STT (Securities Transaction Tax):** 0.1% on buy/sell for delivery; 0.025% on sell for intraday. * **Exchange Transaction Charges:** Charged by NSE/BSE. * **DP Charges:** Roughly ₹13.5 to ₹20 per company debit from your demat account when you sell delivery stocks. * **GST:** 18% applicable on brokerage, transaction charges, and DP charges. Are you looking for a platform specifically for active Intraday/F&O trading, or are you looking to buy and hold long-term investments?

Based on data as of early 2026, the lowest brokerage in India is offered by discount brokers that charge a flat fee or zero commission for equity delivery. Here are the top contenders for the lowest brokerage in India 2026: - **Zerodha:** Frequently cited for low costs, offering ₹0 brokerage for equity delivery and ₹20 per trade for intraday and F&O. - **Groww:** Currently leads in active clients with a low-cost model, charging ₹0 for account opening and ₹0 for equity delivery. - **Angel One:** A strong competitor with ₹0 account opening and low flat fees for intraday/F&O. - **Upstox:** Known for low-cost trading, featuring ₹0 account opening and minimal charges for delivery and intraday. **Key Takeaways for 2026** - **Delivery Trading:** Most leading discount brokers (like Zerodha and Groww) offer **zero brokerage** on equity delivery trades. - **Intraday/F&O:** Brokers generally charge a flat fee of ₹20 or 0.03% (whichever is lower) for intraday and F&O, making them significantly cheaper than full-service brokers. - **Account Opening/AMC:** Many platforms offer ₹0 for account opening, though Maintenance Charges (AMC) vary. If you are looking to compare, I can help you by: - Comparing specific charges for **F&O vs. Equity delivery** - Listing **AMC charges** for each broker - Comparing **app features and user experience** Let me know which of these factors is most important to you!