All 12 brokers compared. Scroll the table sideways for more brokers.
Charge
Upstox
Zerodha
Groww
Dhan
Kotak
Paytm
Pocketful
Fyers
A. Rathi
Bajaj Brk
Bajaj Fin
Share Ind
Delivery Brokerage
₹20 per executed order
₹0 (Free)
₹20/order or 0.1%
₹0 (Free)
₹20/order or 0.1%
₹20/order or 0.05%
₹20/order
₹20/order or 0.03%
see plan
plan-based
plan-based
plan-based
Intraday Brokerage
₹20 per executed order or 0.1%
₹20/order or 0.03%
₹20/order or 0.1%
₹20/order or 0.03%
₹20/order or 0.1%
₹20/order or 0.05%
₹20/order
₹20/order or 0.03%
see plan
plan-based
plan-based
plan-based
MTF Margin Required
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
50%
MTF Interest Rate
~14.99%
~14.60%
~14.95%
~12.49%
9.69% p.a.
slab ~9.75% to 14.99% p.a.
5.99% p.a.
from ~9.99% p.a.
~14.99% p.a. (verify)
~18% p.a. (verify)
~18% p.a. (verify)
~14.99% p.a. (verify)
Pledge Charges
₹10/scrip
₹30 + GST
₹10/scrip
₹0-10/scrip
₹20 + GST per ISIN
₹20 + GST per ISIN
₹20 + GST per ISIN
₹20 + GST per ISIN
per ISIN
per ISIN
per ISIN
per ISIN
Max Holding Period
Unlimited
Unlimited (maintain margins daily)
Unlimited (maintain margins)
Unlimited Holding Period
No Time Limit
Unlimited (maintain margins)
Unlimited (maintain margins)
Unlimited (maintain margins)
Unlimited (maintain margins)
Unlimited (maintain margins)
Unlimited (maintain margins)
Unlimited (maintain margins)
Cost of Buying ₹1,00,000 of GEMAROMA
Equity Delivery (Buy + Sell)
Brokerage₹0 - ₹40
STT (0.1% × 2)₹200
Exchange Charges₹6.90
GST (18%)₹1.28
Stamp Duty₹15.00
SEBI Fee₹0.20
DP Charges₹15.93
Total Cost₹239 - ₹279
Brokerage varies by broker - Zerodha and Dhan still ₹0
Intraday (Buy + Sell)
Brokerage (₹20 × 2)₹40
STT (0.025% sell)₹25.00
Exchange Charges₹6.90
GST (18%)₹8.48
Stamp Duty₹3.00
SEBI Fee₹0.20
Total Cost₹84
₹20/order is the standard discount-broker rate
MTF Cost for ₹1,00,000 of GEMAROMA (30 Days)
Broker
Margin
You Pay
Broker Funds
Interest (p.a.)
30-Day Cost
Share India CHEAPEST
50%
₹50,000
₹50,000
14.99%
₹616
FAQs - GEMAROMA Trading Charges
What are the brokerage charges for buying GEMAROMA?
For equity delivery, Zerodha and Dhan charge ₹0 brokerage on GEMAROMA. Upstox charges ₹20 per executed order (or 2.5% of trade value, whichever is lower) on its default plan, and Groww charges ₹20 per order (or 0.1% of trade value, whichever is lower). Most other brokers offering MTF on GEMAROMA, including Kotak Neo, Paytm Money, Pocketful and Fyers, charge around ₹20 per order. For intraday trading, brokerage is ₹20 per order or 0.03-0.1% of turnover, whichever is lower, at most discount brokers. The table above compares all 12 brokers. Regulatory charges (STT, exchange, GST, stamp duty) are additional.
What is the total cost of buying ₹1 lakh of GEMAROMA?
On Zerodha or Dhan, a ₹1 lakh delivery purchase of GEMAROMA costs approximately ₹239 (₹0 brokerage + ₹100 STT + ₹7 exchange charges + ₹15 stamp duty + ₹1 GST + ₹16 DP). On Upstox add ~₹40 brokerage; on Groww add ~₹100 brokerage (0.1% × 2 sides).
Which broker has the lowest MTF margin for GEMAROMA?
Share India offers the lowest MTF margin for GEMAROMA at 50%, meaning you need to pay only ₹50,000 to buy ₹1,00,000 worth of GEMAROMA. The broker funds the remaining ₹50,000.
How much STT do I pay on GEMAROMA?
STT on GEMAROMA: Delivery - 0.1% on both buy and sell (₹100 per ₹1 lakh each side). Intraday - 0.025% on sell side only (₹25 per ₹1 lakh). F&O Futures - 0.0125% on sell. F&O Options - 0.0625% on sell (on premium). STT is a government charge, same across all brokers.
What are the DP charges for selling GEMAROMA?
When you sell GEMAROMA from your demat account, you pay DP charges of approximately ₹15.93 (CDSL ₹5.50 + broker charge ~₹10.43). This applies per scrip per day regardless of quantity - selling 1 share or 10,000 shares costs the same DP charge.
Frequently Asked Questions - Brokerage Charges India
Which broker has the lowest brokerage charges in India?
For equity delivery: Zerodha and Dhan still charge ₹0 (free). Upstox charges ₹20/order or 2.5% (whichever lower) on its default plan, and Groww charges ₹20/order or 0.1% (whichever lower) - both moved off free delivery in 2023. Intraday and F&O are ₹20 flat at most discount brokers. MTF interest rates vary: Kotak Neo, Pocketful and Fyers start near ~9.75-10% p.a., Zerodha and Dhan ~12% p.a., Upstox and Groww ~15% p.a. Use Downstox to compare real-time rates across 12 brokers.
What are the hidden charges in stock trading in India?
Beyond brokerage, you pay: STT (Securities Transaction Tax), exchange transaction charges (NSE/BSE), GST (18% on brokerage + transaction charges), SEBI turnover fee (₹10 per crore), stamp duty (state-wise), and DP charges (~₹15.93-₹18.50 per sell transaction depending on broker). These regulatory charges apply equally regardless of which broker you use.
Is zero brokerage really free? What's the catch?
Zero brokerage on equity delivery is genuinely free at Zerodha and Dhan - they earn from other sources like F&O trading, MTF interest, and float income. Upstox and Groww moved away from free delivery in 2023 and now charge ₹20/order on delivery too. Regardless of broker, regulatory charges (STT, GST, exchange fees, stamp duty) still apply. For a ₹1 lakh delivery trade, expect ~₹240-₹340 in total charges depending on broker.
What is STT and how much is it?
Securities Transaction Tax (STT) is a government tax on stock market transactions. Rates: Equity Delivery - 0.1% on both buy and sell sides. Equity Intraday - 0.025% on sell side only. F&O Futures - 0.0125% on sell side. F&O Options - 0.0625% on sell side (on premium). STT is the same across all brokers as it's a government charge.
How do MTF (Margin Trading Facility) charges work?
MTF lets you buy stocks by paying only a fraction (margin) while the broker funds the rest. Charges: interest rate (~12% p.a. on Zerodha and Dhan, ~15% p.a. on Upstox and Groww), pledge charges (₹10-₹30 per scrip), and auto square-off fees if margin drops below minimum. Use Downstox MTF comparison to find the cheapest margin rates for any stock across 12 brokers.
What are DP charges and why do I see them on selling?
Depository Participant (DP) charges are levied when you sell shares from your demat account. CDSL/NSDL charges ₹5.50 per scrip per day, and your broker adds their markup - Zerodha and Dhan charge ~₹15.93 total, Upstox and Groww ~₹18.50. This charge applies per scrip regardless of quantity. Buy-side transactions never attract DP charges.
Upstox vs Zerodha vs Groww vs Dhan - which is cheapest?
For equity delivery: Zerodha and Dhan are cheapest at ₹0 brokerage. Upstox (₹20/order or 2.5%) and Groww (₹20/order or 0.1%) charge for delivery on their default plans. For intraday/F&O: all four charge ₹20/order. MTF rates: Zerodha and Dhan tied at ~12% p.a., Upstox and Groww at ~15% p.a. Account opening is free across all four. Compare stock-by-stock on Downstox for the final answer specific to your trade.
How much tax do I pay on stock market profits?
Short-Term Capital Gains (STCG, <1 year holding): 15% tax. Long-Term Capital Gains (LTCG, >1 year): 10% on gains exceeding ₹1 lakh. F&O profits: Taxed as business income at your income tax slab rate. Intraday profits: Taxed as speculative business income. Dividends: Taxed at your slab rate. TDS of 10% on dividends exceeding ₹5,000.