Zerodha Brokerage Charges
Last Updated: Jul -23-2018
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Before 2010, all the stock brokers in India used to charge brokerage in percentage on total turnover. Zerodha is the first stock broker in India to disrupt existing brokerage pricing structure by introducing a flat fee-per-trade model.
Zerodha’s logic is that the cost of executing a trade doesn’t change with the increase or decrees of trade size, then why should brokerage change? This is how Zerodha has come up with flat fee-per-trade brokerage model & fixed a flat fee of Rs 20 per executed order irrespective of trade size.
To keep Smaller volume equity intraday traders interested, they have decided to offer 0.01% or Rs 20 whichever is Lower.
Brokerage charges for Equity Intraday, Futures & Options, Currency & Commodities are- 0.01% or Rs 20 whichever is lower.
Brokerage Charges for Equity Delivery is absolutely ZERO for life-time irrespective of number of trades one does. Zerodha was the first stock broker in India to offer Zero brokerage.
Zerodha Coin platform offers direct mutual fund investments up to Rs 25,000 free of charge, thereafter Rs 50/month subscription is charged. The Coin platform lets you buy both regular and direct mutual funds.
Usually, in regular mutual funds, the distributor gets paid about 1.5% upfront and another 1% trail commission every year. It makes sense to buy direct mutual funds directly from asset management companies on Coin platform.
ZERODHA BROKERAGE :
| Segment | Brokerage Fee |
|---|---|
| Equity Delivery | 0 (Free) |
| Equity Intraday | 0.01% or Rs 20 per executed order (whichever is lower) |
| Equity Futures | 0.01% or Rs 20 per executed order (whichever is lower) |
| Equity Options | Rs 20 per executed order |
| Currency Futures | 0.01% or Rs 20 per executed order (whichever is lower) |
| Currency Options | Rs 20 per executed order |
| Commodity | 0.01% or Rs 20 per executed order (whichever is lower) |
| Mutual Funds | Investment up to Rs 25,000 for FREE. Rs 50 / month thereafter. |
Most people think brokerage is the only charge involved while trading in the Stock Market. In fact, in many cases, it is the smallest charge. List of Charges & Taxes involved in stock market trading.
Here are the complete details on brokerage and other charges with respect to each segment:
EQUITY INTRADAY & DELIVERY CHARGES
| Charges | EQUITY Delivery | EQUITY Intraday |
|---|---|---|
| Zerodha Brokerage | Rs 0 | 0.01% or Rs 20/Trade whichever is lower |
| Securities Transaction Tax (STT) | 0.1% on both Buy and Sell | 0.025% on the Sell Side |
| Transaction / Turnover Charges | NSE 325 per crore | BSE 1 per trade (each side) | NSE 325 per crore | BSE 1 per trade (each side) |
| GST | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | Rs 15/Crore | Rs 15/Crore |
| Stamp Charges* | State wise | State wise |
EQUITY FUTURES & DELIVERY CHARGES
| Charges | Futures | Options |
|---|---|---|
| Zerodha Brokerage | 0.01% or Rs 20/Trade whichever is lower | 0.01% or Rs 20/Trade whichever is lower |
| Securities Transaction Tax (STT) | 0.01% on Sell Side | 0.05% on Sell Side(on Premium) |
| Transaction / Turnover Charges | NSE 210 per crore | BSE 1 per trade (each side) | NSE 5300 per crore | BSE 1 per trade (each side) (on premium) |
| GST | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | Rs 15/Crore | Rs 15/Crore |
| Stamp Charges* | State wise | State wise |
CURRENCY FUTURES & OPTIONS, COMMODITY CHARGES
| Charges | Currency Futures | Currency Options | Commodity |
|---|---|---|---|
| Zerodha Brokerage | 0.01% or Rs 20/Trade whichever is lower | 0.01% or Rs 20/Trade whichever is lower | 0.01% or Rs 20/Trade whichever is lower |
| Securities Transaction Tax (STT) | No STT | No STT | 0.01% on Sell Side (Non-Agri) |
| Transaction / Turnover Charges | NSE 135 per crore (0.00135%) | NSE 4400 (on premium) per crore (0.044%) | Non-Agri 360 (0.0036%) | Agri ?275 per Crore (0.00275%) |
| GST | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | Rs 15/Crore | Rs 15/Crore | Rs 15/Crore |
| Stamp Charges* | State wise | State wise | State wise |
ZERODHA ACCOUNT OPENING FEES / ANNUAL MAINTAINANCE CHARGES (AMC)
| Account Type | Fee |
|---|---|
| Trading Account Opening Charges (One Time) | Rs 200 |
| Trading Annual Maintenance Charges AMC (Yearly Fee) | 0 (Free) |
| Demat Account Opening Charges (One Time) | Rs 100 |
| Demat Account Annual Maintenance Charges AMC (Yearly Fee) | Rs 300 |
| Commodity Account Opening Charges (One Time) | Rs 200 |
| Commodity Annual Maintenance Charges AMC (Yearly Fee) | 0 (Free) |
ZERODHA OTHER CHARGES
- DP charges: Rs 13.5 per scrip (irrespective of quantity), on the day, is debited from the demat account when stocks are sold. Rs 5.5 per MF (irrespective of quantity), on the day, is debited from the demat on redemption. This is charged by the depository (CDSL) and depository participant (Zerodha).
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Call and Trade feature is available at an extra cost of Rs 20/- per call.
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Rs 20 is charged for Intraday (MIS/BO/CO) positions squared off before market closing by RMS team.
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Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at an additional charge of Rs 20/- per contract + Courier charges.
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Trade SMS alerts (optional) are charged at Rs 1 for Equity, F&O, and Currency trade alerts and Rs 0.50 for Commodity trade alerts.
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Instant payment gateway charges for over 22 banks - Rs 9 per fund transfer.
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Rs 20 plus GST will be charged for buyback orders placed through Q.
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Rs 100 plus GST will be charged for buyback orders placed manually.
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Rs 20 plus GST will be charged per order for OFS, ETF, NFO and SGB orders.
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Open trade subscription charges: 5 Credits - Rs 2500, 10 Credits - Rs 4500, 25 Credits - Rs 10,750, 50 Credits - Rs 20,000.
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The fees for buying a customised/created small case is flat Rs. 100 (or 2.5% of the investment amount, whichever is lesser) for each small case.