Compare brokerage charges, platform features, and account opening fees across discount and full-service brokers.
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Discount, full-service, bank-led, neobrokers. SEBI-registered only. Filter by AMC, brokerage, asset coverage.
Top-rated brokers side by side — score, annual maintenance, delivery brokerage and who each is best for. Ranked by our methodology, not what pays us most.
| Broker | Score | AMC | Delivery brokerage | Best for | Open |
|---|---|---|---|---|---|
| Zerodha | 96 | ₹300 | Zero (Free) | best-overall | Open → |
| Groww | 94 | ₹0 | ₹20 or 0.05% (whichever is lower) | beginners | Open → |
| Dhan | 90 | ₹0 | Zero (Free) | options-trading | Open → |
| Upstox | 90 | ₹300 | ₹20 per executed order (flat) | value-pick | Open → |
| Angel One | 88 | ₹240 | ₹20 or 0.1% (whichever is lower, min ₹5) | research-trading | Open → |
| ICICI Direct | 86 | ₹0 | Rs 20 or 0.55% | bank-integration | Open → |
| Fyers | 86 | ₹0 | Zero (Free) | algo-trading | Open → |
| HDFC Securities | 84 | ₹0 | Rs 20 or 0.50% | hdfc-customers | Open → |
Ranked by our methodology — what each broker is best for, and the real charges. No paid placements.
Zerodha launches free MF platform for existing demat users
Direct MF investing zero-brokerage, integrated with Kite. Coin platform users auto-migrated.
SEBI sandbox for AI-based investment advice
Robo-advisors can now recommend MFs under new RIA exemption. Groww, Paytm Money first to apply.
Source: SEBI circular
AMC hikes DP charges — ₹300/yr standard
Applies to brokers using CDSL. Zerodha, Groww passing ₹100 to users. Discount brokers still cheaper than full-service.
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Editorial
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Before you open an account
Concept
DP-charge differences, broker-to-depository mapping, CMR extraction, off-market transfer mechanics.
Read guide →
Save AMC
Post-Sept-2024 rules + broker-by-broker BSDA support + family-split strategy to stay in free tier.
Read guide →
Safety
Karvy-scandal-driven reform. Most accounts pre-2022 still on old POA. Migration playbook included.
Read guide →
True cost
₹1L Reliance round-trip = ₹241 at Zerodha vs ₹1,539 at ICICI Direct. STT + GST + DP + stamp decoded.
Read guide →
Compare
ICICI Direct ₹43K vs Zerodha ₹900 over 3 years. The 4 user profiles where 3-in-1 actually wins.
Read guide →
Tax
STCG 20%, LTCG 12.5%, ₹1.25L exemption. Pre/post-July-23-2024 dual regime + harvesting strategy.
Read guide →
Demat accounts and stockbrokers in India are regulated by SEBI and operate via depositories (NSDL / CDSL). Brokerage charges, AMC, and DP fees are broker-determined and may change with notice. Securities held in demat form are subject to market price risk.
Risk note: Investing in equities, derivatives, and securities involves risk of capital loss. Trade only with money you can afford to lose. We are NOT a SEBI-registered research analyst or investment advisor.
InvestingPro is an independent comparison and education platform. We are NOT a SEBI-registered investment advisor, IRDAI-licensed insurance broker, or RBI-licensed lending intermediary. We may earn affiliate commission when you click through to a partner — see how we make money. For personalised advice consult a registered advisor.