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Demat & Trading Account Charges Comparison India 2026
InvestingPro comparison of account-opening fees, AMC, and brokerage across 14 Indian demat accounts (Zerodha, Groww, Dhan, Angel One & more).
Last updated: 6/2/2026, 11:10:40 AM
Data Points
| Item | Value | Change |
|---|---|---|
| Zerodha | 300₹ AMC/yr | |
| Groww | 0₹ AMC/yr | |
| Dhan | 0₹ AMC/yr | |
| Upstox | 0₹ AMC/yr | |
| Angel One | 240₹ AMC/yr | |
| Fyers | 0₹ AMC/yr | |
| ICICI Direct | 0₹ AMC/yr | |
| HDFC Securities | 0₹ AMC/yr | |
| 5Paisa | 0₹ AMC/yr | |
| Kotak Securities | 0₹ AMC/yr | |
| Axis Direct | 0₹ AMC/yr | |
| Motilal Oswal | 0₹ AMC/yr | |
| Sharekhan | 400₹ AMC/yr | |
| Paytm Money | 0₹ AMC/yr |
Key Insights
- 111 of 14 brokers in our database charge zero annual maintenance (AMC)
- 2Discount brokers charge a flat ₹20/order intraday; full-service brokers charge a % of turnover
- 3Delivery brokerage is ₹0 at most discount brokers vs 0.3-0.5% at bank brokers
- 4Account-opening fees range from free to ₹500+ depending on broker
Methodology
Charges pulled live from InvestingPro's database of 14 brokers, verified against official tariff sheets. Brokerage shown for equity delivery + intraday.