Compare demat & trading accounts
To buy any of the stocks or funds you research here, you need a demat and trading account. Below is a neutral, factual comparison of popular Indian brokers — not a recommendation. Verify the latest charges on each broker's own site.
| Charge | Zerodha Open free → | Groww Open free → | Upstox Open free → | Angel One(full-service) Open free → | Dhan Open free → |
|---|---|---|---|---|---|
| Account opening | ₹0 | ₹0 | ₹249 | ₹0 | ₹0 |
| Demat AMC / yr | ₹300/yr (yr 2+) | ₹0 (lifetime) | ₹300/yr (yr 2+) | ₹240/yr (yr 2+) | ₹0 (lifetime) |
| Equity delivery | ₹0 | ₹20 or 0.1% | ₹20/order | ₹20 or 0.1% | ₹0 |
| Equity intraday | ₹20 or 0.03% | ₹20 or 0.1% | ₹20 or 0.03% | ₹20 or 0.1% | ₹20 flat |
| F&O | ₹20 flat | ₹20 flat | ₹20 flat | ₹20 flat | ₹20 flat |
| Direct MFs | Yes | Yes | Yes | Yes | — |
| Best for | free equity delivery trades | beginners and direct mutual funds | flat-fee active trading | full-service tools with direct funds | zero-fee delivery and demat |
Charges as of June 2026 — verify on each broker's official site before opening an account. All brokerage amounts exclude 18% GST.
Brokerage calculator
Brokerage only — excludes STT, exchange, SEBI, stamp duty and 18% GST.
- Zerodha₹0
- Dhan₹0
- Groww₹20
- Upstox₹20
- Angel One₹20
FAQ
- What is a demat account?
- A demat (dematerialised) account holds your shares and bonds in electronic form — the same way a bank account holds money. In India, a demat account is mandatory to buy or sell shares on NSE or BSE. It is opened through a SEBI-registered Depository Participant (DP) such as the brokers listed here.
- Are these brokerage charges fixed?
- No — brokers can and do revise their fee schedules. Groww, for example, introduced delivery charges in 2024 after years of offering free delivery; Angel One changed its delivery rate in November 2024. The figures on this page were verified in June 2026. Always check the broker's official pricing page before opening an account.
- Does WhoHolds recommend any of these brokers?
- No. WhoHolds is an information tool, not a SEBI-registered intermediary. This page is a factual comparison to help you do your own research — it is not a recommendation, endorsement, or investment advice. The choice of broker depends on your trading style and needs.
- How does WhoHolds earn from this page?
- Some links may be affiliate/partner links — if you open an account through them, WhoHolds may receive a commission from the broker at no extra cost to you. This never influences the data shown, the brokers listed, or the order they appear in.
- What other charges should I watch for?
- Beyond brokerage, every trade attracts STT (Securities Transaction Tax), exchange transaction charges, SEBI charges, stamp duty, and 18% GST on brokerage. These are the same across all brokers (set by SEBI/exchanges) and typically a small fraction of a trade's value. Check each broker's charge schedule for the full breakdown.
Disclosure: some links above are partner/affiliate links — if you open an account through them, WhoHolds may earn a commission at no extra cost to you. This never affects the factual data we show or the order brokers are listed in. WhoHolds is not a SEBI-registered intermediary and this is not investment or broker advice.
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