Answered 4 July 2026
When looking for the "best zero brokerage app" in India, it is important to understand that the term typically falls into two categories: **Discount Brokers** (who charge zero brokerage on long-term Equity Delivery and Mutual Funds but charge a flat ₹20 fee for Intraday/F&O) and **True Zero-Brokerage Brokers** (who charge zero across *all* segments, often requiring a one-time subscription or onboarding fee).
The top zero brokerage applications are categorized below based on their specific pricing structures and target user groups.
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## 1. Top "Zero Brokerage on Delivery" Apps (The Industry Leaders)
These apps are completely free for investors holding stocks long-term, but they charge a flat fee of ₹20 per trade for intraday trading or futures & options (F&O).
### 🏆 Groww (Best for Beginners & Mutual Fund Investors)
Groww has scaled significantly to become one of India's largest platforms due to its highly intuitive, clutter-free user interface.
* **Delivery Brokerage:** ₹0 (or 0.05%, whichever is lower).
* **Intraday / F&O:** ₹20 or 0.05% per executed order.
* **Account Maintenance Charges (AMC):** ₹0.
* **Pros:** Simplest UI on the market, instant paperless onboarding, excellent dashboard for tracking direct mutual funds and stocks together.
### 🏆 Zerodha Kite (Best for Reliability & Active Investors)
The pioneer of the discount brokerage revolution in India, Zerodha remains the gold standard for platform stability and self-directed traders.
* **Delivery Brokerage:** ₹0 (Absolutely free).
* **Intraday / F&O:** ₹20 or 0.03% per executed order.
* **AMC:** ~₹300 per year.
* **Pros:** Highly stable tech stack (minimal downtime), advanced charting tools, and access to **Varsity** (the best free financial education resource in India).
### 🏆 Dhan (Best for Traders & Tech-Enthusiasts)
Dhan has rapidly grown in popularity by offering deeply integrated TradingView charts and custom features tailored for modern traders.
* **Delivery Brokerage:** ₹0.
* **Intraday / F&O:** ₹20 or 0.03% per executed order (50% discount on brokerage for female users).
* **AMC:** ₹0.
* **Pros:** Trade directly from TradingView charts, custom apps for option traders, and lightning-fast order execution.
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## 2. "True Zero Brokerage" Apps (Zero Fee Across All Segments)
If you are an active day trader or heavy F&O player who wants to avoid paying ₹20 per order entirely, these platforms eliminate the flat-fee model.
### 🚀 m.Stock (by Mirae Asset)
Backed by a major global financial house, m.Stock allows you to completely eliminate brokerage across all segments for life in exchange for a one-time upfront fee.
* **The Cost:** A one-time payment of ₹999 completely waives brokerage for life across Delivery, Intraday, F&O, Currencies, and Mutual Funds. (Another optional ₹999 waives lifetime AMC).
* **Pros:** Massive cost savings if you execute dozens of orders daily; backed by an institutional parent brand.
### 🚀 Flattrade / Navia
These are smaller, specialized platforms gaining heavy traction among retail F&O traders by offering a persistent ₹0 structure.
* **The Cost:** ₹0 brokerage across Delivery, Intraday, and F&O with no hidden subscription costs.
* **Pros:** You pay absolutely nothing in broker commissions. Great for algorithmic or high-frequency retail traders.
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## Quick Comparison Summary
| App Name | Equity Delivery Fee | Intraday / F&O Fee | Account Maintenance (AMC) | Ideal For |
|:--- |:--- |:--- |:--- |:--- |
| **Groww** | Free | ₹20 / order | Free | Beginners & casual investors |
| **Zerodha** | Free | ₹20 / order | ~₹300/year | Long-term investors & seasoned traders |
| **Dhan** | Free | ₹20 / order | Free | Modern traders & Chart enthusiasts |
| **m.Stock** | Free | Free *(With ₹999 one-time plan)* | Free *(With ₹999 one-time plan)* | Heavy Intraday & F&O traders |
| **Flattrade** | Free | Free | Free | Budget-conscious active traders |
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> ⚠️ **Important Reminder on "Zero" Brokerage:**
Even if a platform charges ₹0 in *brokerage*, you will still have to pay **Statutory and Government Charges** on every trade. These include the Securities Transaction Tax (STT), SEBI turnover fees, Exchange transaction charges, Stamp Duty, and 18% GST on those specific fees. No broker in India can waive government-mandated levies.
Which type of user are you—a long-term investor looking for a clean app interface, or an active day trader trying to eliminate F&O per-order costs?