Trading Charges & Brokerage Comparison · NSE
All 12 brokers compared, one row each.
| Broker | Delivery Brokerage | Intraday Brokerage | MTF Margin | MTF Interest | Pledge Charges | Max Holding |
|---|---|---|---|---|---|---|
| Upstox | ₹20 per executed order | ₹20/order or 0.1% | 35% | ₹20/day per ₹40,000 | ₹10/scrip | Unlimited (maintain margins) |
| Zerodha | ₹0 (Free) | ₹20/order or 0.03% | 50% | ~14.6% | ₹30 + GST | Unlimited (maintain margins) |
| GrowwBest MTF | ₹20/order or 0.1% | ₹20/order or 0.1% | 26.5% | ~14.95% | ₹10/scrip | 365 days |
| Dhan | ₹0 (Free) | ₹20 or 0.03% | N/A | 12.49% - 15.49% | ₹0-10/scrip | Unlimited (maintain margins) |
| Kotak | ₹318.40 @ 9.69% p.a. | ₹318.40 @ 9.69% p.a. | 50% | 9.69% p.a. | ₹20 + GST per ISIN | 30 days |
| Paytm | 2.5% of trade value or ₹20 (whichever is lower) | 2.5% of trade value or ₹20 (whichever is lower) | 31.5% | 11.99% p.a. | ₹20/- per Transaction (including ₹5 CDSL charges) | 30 days |
| Pocketful | ₹29 | ₹29 | N/A | 5.99% p.a. | null | Unlimited (maintain margins) |
| Fyers | NA | NA | 27.03% | 12.49% p.a. | NA | Unlimited (maintain margins) |
| A. Rathi | 0.049% per day | 0.049% per day | 26.5% | 9.99% p.a. | Nil | 365 days |
| Bajaj Brk | 0.2% on Delivery | 0.2% on Delivery | 40% | 11.99% p.a. | per ISIN | 365 days |
| Share Ind | ₹20* For F&O Trade | ₹20* For F&O Trade | N/A | 9.99% p.a. | 20% upfront margin of the transaction value | Unlimited (maintain margins) |
Buying ₹1,00,000 of VAML costs about ₹239 on Upstox to ₹19,619 on Kotak in delivery. Brokerage and statutory charges are a percentage of turnover, so this figure is the same for every NSE stock, and intraday brokerage works the same way. MTF cost is different, it depends on the margin percentage each broker sets for VAML, shown in the table above. For the exact itemised breakdown on any trade size or segment, use the brokerage calculator.