India's largest stockbroker — honest review of charges, features, pros & cons
Zerodha is India's largest discount broker founded in 2010 by Nithin Kamath. It pioneered the flat ₹20/order model and disrupted the brokerage industry. With 1.5 crore+ active clients, the Kite trading platform, and Coin for mutual funds, Zerodha offers one of the most complete ecosystems for retail investors. For IPO applications via UPI/ASBA, it's among the fastest and most reliable.
| Segment | Brokerage | Notes |
|---|---|---|
| Equity Delivery | ₹0 FREE | Zero brokerage for buying/holding stocks |
| Equity Intraday | ₹20 or 0.03% (whichever lower) | Per executed order |
| Equity F&O | ₹20 per executed order | Flat fee |
| Currency & Commodity | ₹20 per executed order | Flat fee |
| IPO Application | ₹0 FREE | Apply via Kite / Zerodha app, no charges |
| Mutual Funds (Coin) | ₹0 FREE | Direct plans only, no commission |
| Account Opening | ₹0 FREE | Fully online, instant KYC |
| Demat AMC | ₹300/year | Free for 1st year (from June 2026) |
| DP (Sell) Charges | ₹13.5 + GST per scrip per day | Charged when you sell from demat |
Open your first Zerodha demat account via our referral link and get ₹100 cash reward. Max 5 users per month. Email your Client ID to claim.
⚡ Open Free Account & Claim ₹100Max 5 claims/month · Email Client ID to contact@ipobee.in · One claim per PAN