`Everybody in the stock market targets the lowest brokerage charges in India. This article’s sole purpose is to shed light on the significant stockbroking firm that changes India’s lowest brokerage charges.
Before learning about the brokerage, one needs to learn about the kind of brokers in the market. After knowing about the same, one can judge and check and go for the right one accordingly.
The brokers in India are divided into two categories which are the full-service broker and the discount broker. The full-service broker or the traditional broker is the one who provides the client with all the facilities offline and online accordingly. Another is the discount brokers who offer brokerage services to their clients online.
Traditional brokers look forward to one client or target one party and provide additional services like the advisory and PMS; they charge accordingly to the services they provide. They set a percentage of the amount, which is much higher than what the discount broker charges.
A discount broker usually charges a flat fee or a significantly lower brokerage percent, whichever is cheaper to the client. They provide all the services online and advanced services at a lesser price. Only the physical presence is missing.
A Guide to choosing the right broker in terms of brokerage charges?
Now it is essential to look for suitable brokers in terms of the brokerage charge. Now, selecting a broker depends on the time of investment and the type of investment. The purpose of investment should be evident in the first place.
For the one who is into frequent trades, the one who makes multiple trades in a day can go for the discount brokers as the brokerage they charge is the lowest, and it is also easier to invest in different shares on your own, relying on others. Also, the brokerage charge is a flat fee irrespective of the size of the trade.
Also, the traditional broker will assist the traders, which will help in a better investment. It will help you be active in the market and trade, plus the time will be saved for the same that will be covered in the research and analytics.
Lowest Brokerage Charges in India
After choosing the brokers according to the need, you have to select the best discount broker in India who charges less and provides the best services. Everybody looks for the best, even if the beginner is starting and experts look for professionalism, so choosing the right broker is essential.
Earlier, the brokers in India were full-service brokers, but with the growing time and technology situation changed, and things turned online. Full-service brokers are way more expensive than discount brokers. There are many operating discount barkers in India.
Here is the list of India’s best 10 low brokerage and high exposure firms for the easy way. The leading eye for this is on the lowest brokerage charge. This list has been curated for the convenience of clients looking to trade in the share market.
Here is the list of the brokers with the charges they take for brokerage and Demat accounts.
|S.No.||Top Stock Brokers in India||Account Opening Charges||Demat Maintenance Charges||Brokerage in all NSE Segments|
|1.||ICICI Direct||Rs. 975||Rs. 500 (1 year onwards)||For Less than ₹ 25 Lakhs, 0.75% Normal: 0.55%|
|2.||RKSV||Rs. 150||Rs. 150||Rs. 20/executed order or 0.01%|
|3.||Kotak Securities||Rs. 975||Rs. 500 (1 year onwards)||0.59%|
|4||SAS Online||Rs. 200||Rs. 200 per year||Rs 9/executed order|
|5||HDFC Securities||Rs. 999||Rs. 750||0.50%|
|6||Zerodha||Rs. 300||Rs. 300 per year||Rs 20/trade or 0.01% whichever is lower|
|7||SBI Securities||Rs. 850||Rs. 500||0.15% intraday & 0.5% delivery|
|8||5 Paisa||Rs. 650||Rs. 400 per year||Rs 10 /executed order or 0.1%|
|9||Sharekhan||Classic Acc: Rs.750||Rs. 400||0.50%|
Here is the detailed analysis of the Lowest Brokerage Charges in India
The list comprises India’s top 5 stock brokers that offer the services at the lowest brokerage charges. If you are looking for brokers and are confused about which one to choose, these 5 are the best options you can go for.
Zerodha is a largest stock broker firm in India. Also, it is one of the most popular firms offering flat fee brokerage services. They provide a vivid section to invest in like Equity, Currency, Commodity, IPO, and Direct Mutual Funds. Zerodha offers lowest brokerage charges in India.
Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O., The brokerage they charge is flat Rs 20 or 0.03% (whichever is lower) per trade. The maximum brokerage that you pay to Zerodha is rupees 20 irrespective of the size, amount, segment) the brokerage per trade remains the same.
Uptsox is another leading brokerage firm that is known as the tech-first low-cost broking firm in India. The company provides the services at the most unbeatable prices. They deal in different sections like the equities, commodities, currency, futures, options available on the upstox pro web, and the upstox pro mobile platform provided by upstox.
The platform provides its client with trading, analysis, charting, and many more trading features. The platform is excellent for placing buy or sell orders through your mobile phones or web browsers. The company has been backed by investors like Kalaari Capital, Ratan Tata, and GVK Davix.
The application worked on the NEST OMS (Order Management System) and Omnisys NEST RMS (Risk Management System).
Another leading broking firm is 5paisa.com. It is one of the stockbrokers offering the lowest brokerage service to retail investors in the country. It is the public trading platform that the company promoted by IIFL founders manage. Currently, the company has a current client base of 1.2 million clients.
Also, the company provides its services in different segments like the trading in equity, commodity, and currency at BSE, NSE, and MCX. As discussed, it comes with the flat rate discount broking firm. The company charges a flat 20 Rs brokerage irrespective of the trade, segment, or exchange size.
The company has three subscription plans; Basic Pack, Power Investor Pack, and Ultra Trader Pack. The plans have various benefits, from the Zero Account opening charges to Flat Fees reduced from Rs 20 to Rs 10.
The company started in 1995 named SAS Online. The company is the leading discount broking firm that offers the customers the lowest brokerage targeting different sectors like stocks, futures and options, currency, and commodities at NSE, BSE, and MCX exchanges.
They started their discount brokerage services in the year 2013. Currently, they have a client base of more than 4-5 lakh plus customers, which are spread around 750+ cities. The average daily turnover of the company is around Rs 10,000+ Cr. They contribute to over 1% of the total Indian market turnover with an average of 1 lac + orders a day.
The company has its headquarters situated in Delhi. Also, there is no account minimum or any hidden cost, which makes it the best platform with hassle-free trading.
The company was started in the year 2000 in february and is also the 3rd largest stock broker. They have 1800 offices which include branches & franchises in over 550 cities across India. The company has its international presence in the UAE and Oman.
SBICAP Securities Ltd (SSL) is the subsidiary of the State Bank Group and 100% SBI Capital Markets Ltd. It is a full-service stock broker. SSL is also the full service stock broker. The company was founded in the year 2006, the companies provide their services in the Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products.
RKSV is the company based in Mumbai which is also a popular discount broker offering budget brokerage plans to India stock & commodity market investors. They provide their services in Equities, Futures, Options, Currencies, and Commodities.
ICICIdirect is another retail stock broker in India who is the subsidiary of ICICI Group. The company provides their services in equity, commodity, and currency trading at BSE, NSE, and MCX. They also offer the services in Mutual Fund & IPO, Fixed deposits, Bond, NCD. Moreover, they deal in wealth products, Home Loans, Loans against Securities, etc.
Note: – the company mentioned above also provides the lowest brokerage trading application.
Conclusion of Lowest Brokerage Charges in India
Though there is an end number of companies in the market who deal in as the discount broker it is important to choose the one who are having feasible prices and the best services. Choosing the right broker is important as that helps in keeping the foundation of your investments.
To look for the broker, make your financial goals and the requirements or services you look for and then choose the one accordingly. You need to look for the various aspects like the account opening charges, lowest brokerage charges, lowest brokerage Demat account charges, call n trade facility provided by the stockbroker, trading platforms, and other facilities offered.