16 brokers · every charge · no affiliates

They said
zero brokerage.

Nobody said zero cost.

₹126.26 cheapest broker

₹721.51 most expensive

5.7× difference

Same ₹50,000 trade. Same stock. Same exchange. DP charges, AMC, GST, STT, exchange fees, stamp duty — six layers of charges your broker would rather you didn’t add up. We did.

See the full ranking How we calculate →

₹50,000 delivery · total cost

Zerodha, Dhan ₹126.26

Sahi ₹148.61

Share.Market ₹177.21

INDmoney ₹180.54

5paisa ₹182.31

ICICI Direct ₹430.11

HDFC Securities ₹721.51

3 Brokers charge zero brokerage on delivery — but none have zero cost

88% Of the cheapest broker's cost goes to unavoidable government charges

₹14,286.00 Annual gap between cheapest and costliest for a passive investor

Every broker. Every charge.
Ranked.

Click any row for the full breakdown. All costs include brokerage, DP charge, GST, STT, exchange fees, SEBI fee, and stamp duty.

Trade type

Trade value

₹

What makes up the cost.

Six layers of charges. Three go to your broker. Three go to the government. Only the broker charges vary.

Varies by broker

Brokerage ₹0 at Zerodha. ₹500 at HDFC. Same trade. → DP Charge ₹13–24 per sell. Shows up on the contract note. → AMC ₹0 to ₹885/year for a demat account. →

Fixed by regulation

STT 0.1% on delivery. Non-negotiable. → Exchange Fee ~0.003% of turnover. Identical everywhere. → Stamp Duty & GST 0.015% stamp + 18% GST on brokerage. →

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Ready-made broker matchups

Zerodha vs Groww, Zerodha vs Dhan, Zerodha vs Angel One, and more. Plain-English math and a quick verdict.

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One screen, four levers: delivery brokerage, DP, AMC, and MTF. Built for quick decisions and easy sharing.

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Which broker is right for you?

Trading frequency, order size, and instrument type all change the equation. Our full calculator models your exact scenario across all 16 brokers.

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They saidzero brokerage.