Want to know Brokerage Charges in Zerodha? Well you have landed on the right article.
Have you ever been interested in the stock market but found it too confusing to navigate? Well, you are far from being alone in this regard. For a person new to the market, stocks are understandably a puzzle to decipher.
While they may pay dividends in the future, going into it without being aware of all information, is never a good idea. That’s where Zerodha comes in! Zerodha is India’s No. 1 Stockbroker.
They offer the best brokerage fees and services in the market. With Zerodha’s assistance, investing in Currency, Mutual Funds, Equity, IPO, and Commodity has never been easier.
Brokerage Charges in Zerodha
brokerage in zerodha
Zerodha charges a flat rate of Rs. 20 or 0.03% fee (whichever is lower) for each order. The maximum brokerage charge per order is Rs. 20.
On the other hand, equity delivery has no charges and is absolutely free. The GST is also fixed for each trading segment at 18% on Transaction Charge + Brokerage.
Here is a table summarizing their brokerage charges.
Trading Segment | Brokerage Charges |
|---|---|
Currency Futures | Free (i.e., Rs. 0) |
Currency Futures | Rs. 20 flat or 0.03% (whichever is lower) per order |
Currency Futures | Rs. 20 flat per order (on Turnover) |
Currency Futures | Rs. 20 flat or 0.03% (whichever is lower) per order |
Mutual Fund | Free Unlimited Direct MF (Rs. 0) |
Commodity | Rs. 20 flat or 0.03% (whichever is lower) per order |
Currency Options | Rs. 20 flat or 0.03% (whichever is lower) per order |
Currency Futures | Rs. 20 flat or 0.03% (whichever is lower) per order |
Zerodha Equity Charges:
Charge Type | Equity Intraday | Equity Delivery |
|---|---|---|
SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
Turnover/Transaction Charges | NSE: 0.00325% | BSE: 0.003% per trade (each side) | 1 Piece |
Stamp Charges | Rs. 300 per crore (0.003%) on Buy-side | Rs. 1500 per crore (0.015%) on Buy-side |
Securities Transaction Tax (STT) | 0.025% on the Sell side | 0.1% on both Sell side and Buy side |
Zerodha Commodity Charges:
Charge Type | Equity Intraday | Equity Delivery |
|---|---|---|
SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
Turnover/Transaction Charges | Free (Rs. 0) | Group A: Exchange txn charge: 0.0026% |
Stamp Charges | Rs. 300 per crore (0.003%) on Buy-side | Rs. 200 per crore (0.002%) on Buy-side |
Securities Transaction Tax (STT) | 0.05% on the Sell side | 0.01% on Sell-side (Non-Agriculture) |
Zerodha Currency Charges:
Charge Type | Equity Intraday | Equity Delivery |
|---|---|---|
SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
Turnover/Transaction Charges | NSE: 0.035% | BSE: 0.001% (on premium) | NSE: 0.0009% | BSE: 0.00022% |
Stamp Charges | Rs. 10 per crore (0.0001%) on Buy-side | Rs. 10 per crore (0.0001%) on Buy-side |
Securities Transaction Tax (STT) | No STT | No STT |
Zerodha F&O Charges:
Charge Type | Equity Intraday | Equity Delivery |
|---|---|---|
SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
Turnover/Transaction Charges | NSE: 0.05% | BSE: 0.003% on each side (on premium) | NSE: 0.0019% | BSE: 0.003% (on each side) |
Stamp Charges | Rs. 300 per crore (0.003%) on Buy-side | Rs. 200 per crore (0.002%) on Buy-side |
Securities Transaction Tax (STT) | 0.05% on Sell Side (on premium) | 0.01% on Sell Side |
Other Optional Charges for Value Added Services
There are a number of other value-added services that Zerodha offers. The charges for these services are separate.
Here is a table outlining the charges for these services.
Service | Charges | Billing Frequency |
|---|---|---|
Sensibull | Free: 0 | Monthly |
Screener | 100/285/540/960 | Monthly / Quarterly / Bi-Annually / Annually |
Kite Connect | Connect: 2000 | Monthly |
Small case | 100 | Per transaction |
StockReports+ | 150/810/1440 | Monthly / Bi-Annually / Annually |
Streak | Regular: 690 + GST | Monthly |
Benefits of Zerodha
Before opening an account with Zerodha, it is important to be aware of its advantages and disadvantages. Only if they suit your investment needs, should you go ahead with them. Here are some of the benefits you get with Zerodha.
- No. 1 Stockbroker in India: Zerodha dominates the stockbroker market in India. They have the largest clientele base and daily trading volume in comparison to all other stockbrokers in India. Trustworthy and reliable, Zerodha is the right choice for anyone getting into the stockbroker market.
- Referral Program: By availing of Zerodha's referral program and referring a friend to their services, you can earn 10% of the brokerage share.
- Online IPO application: If you have an account with Zerodha, you can directly apply for new Initial Public Offerings (IPO) online.
- Self-Clearing Broker: Unlike most brokers, Zerodha doesn’t charge their customers any clearing charges. Instead, they engage in self-clearing.
- Best tools and trading platform: Zerodha has some of the best tools in the industry. Coin, Console, Kite, and many more are all available on Zerodha’s platform.
- Kite: Zerodha has introduced their new app, Kite, for daily active traders and passive investors alike. The app offers several features at your fingertips and makes your experience as convenient as possible.
- Cheapest stockbroker: Not only is Zerodha the largest stockbroker in India but is also the most inexpensive one. Regardless of the trade size, the charges are Rs. 20 flat or 0.03% (whichever is lower) on each order. Thus, the maximum price can only go to Rs. 20.
- Pay as you go: Zerodha doesn't offer any prepaid brokerage plans. Instead, customers pay-as-they-go.
Disadvantages of Zerodha
We believe in complete transparency. Knowing the demerits of a decision is just as important as knowing the merits. Here are some facts about Zerodha that you must be aware of.
- There are no monthly unlimited trade plans.
- While Call and Trade are available, customers are charged an additional Rs. 50 per order.
- Rs. 50 will be charged for BO/CO/MIS positions orders.
- Zerodha does not compete with banking services and for that reason, a 3-in-1 trading account cannot be created.
- There are no Lifetime free AMC Demat accounts available with Zerodha.
- Although Zerodha is one of the leading stockbrokers in India, they do not provide any research reports, stock tips, or recommendations. It is quite disappointing in that regard.
- Finally, Zerodha's Back Office (console) is not integrated with their trading platform. As a result, the data only gets updated overnight, not before that.
Conclusion
To summarize, Zerodha is the best stockbroker you can find in India. With their inexpensive brokerage charges, people from all walks of life can comfortably invest in stocks and other services.
Those completely new to the industry will also face zero difficulties when they take on Zerodha as their stockbroker. Whether you are an Investor or a Trader, Zerodha is a great option for you.
Frequently Asked Questions
1. Does Zerodha offer direct Mutual Funds?
Yes, Zerodha offers direct Mutual Funds. On their online platform 'Zerodha Coin,' commission-free direct Mutual Funds investment can be made.
As an investor, you get to save 1.5% on commissions per year when investing in Direct Mutual Funds. In addition, these mutual funds are later credited into the customer's Demat account.
2. Does Zerodha provide IPO?
Yes, Zerodha provides online IPO services. Customers who avail of Zerodha’s services can apply for IPO from Console. To apply for IPO, simply login to Zerodha Console, choose the IPO you want from the Portfolio, enter your UPI ID and bid details (quantity, price, etc.), and submit the form.
3. Is Zerodha free?
For certain transactions, yes, Zerodha’s services are free. They offer brokerage-free Mutual Fund Investment and Equity Delivery Trading. However, a brokerage fee of Rs. 20 flat or 0.03% (lower) is charged for F&O and intraday trades. Furthermore, additional charges such as STT, GST, SEBI, etc., are also charged.
4. How much does Zerodha charge for trading?
Zerodha's equity delivery trading has no brokerage charges. It is completely free of cost. A flat rate of Rs. 20 is charged on F&O and intraday trades.
This goes for all trades, currency, commodity, or equity. Furthermore, any order done through the Call and Trade feature will be charged an additional Rs. 20, per order.
