Zerodha Charges 2026 — Brokerage, MTF, AMC & DP Fees
Zerodha (India's largest discount broker by active clients) charges ₹0 (free) on equity delivery, ₹20/trade or 0.03% (lower) on intraday and ₹20/trade on F&O. MTF interest is ~14.6% p.a. and AMC is ₹300/year. Best for: Serious long-term investors, F&O traders, Kite power users.
Charges verified March 2026. Live per-stock MTF rates: /mtf.
Zerodha charges at a glance
| Charge | Zerodha |
|---|---|
| Equity delivery brokerage | ₹0 (free) |
| Intraday brokerage | ₹20/trade or 0.03% (lower) |
| F&O brokerage | ₹20/trade |
| MTF interest (per annum) | ~14.6% p.a. |
| AMC (account maintenance) | ₹300/year |
Is Zerodha safe?
Yes — Zerodha is a SEBI-registered stockbroker and depository participant. Your shares are held in your own demat account with NSDL/CDSL, not with the broker, so they are safe even if the broker has issues. Equity trades are covered by the exchanges' investor protection funds. As with any broker, enable two-factor authentication and check your contract notes.
Pros
- Largest user base — most liquid community
- Kite 3 is a benchmark trading platform
- Excellent educational content (Varsity)
- Profitable, self-funded, no VC pressure
Cons
- ₹300 AMC (higher than peers)
- No free call-and-trade
- Onboarding slower than newer brokers
Compare Zerodha with other brokers
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