Universal Brokerage Calculator: Zerodha, Groww, Upstox, Angel One & More (India, 2026)
Calculate the real brokerage and total trading charges — including STT, exchange fees, SEBI charges, stamp duty, GST, and DP charges — for a trade on Zerodha Kite, Groww, Upstox, Angel One, Dhan, Fyers, Shoonya, Kotak Securities, Sahi, or mStock. Or compare all ten brokers side by side for the same trade.
How to Use This Brokerage Calculator
The Brokerage Calculator tab gives you a full, itemised charge breakdown for one specific broker and segment — pick your broker, choose Equity Delivery, Equity Intraday, F&O Futures, or F&O Options, enter your buy price, sell price and quantity, and you'll get brokerage, every regulatory charge, and your net profit or loss after all costs. The Compare All 10 Brokers tab runs the exact same trade through Zerodha, Groww, Dhan, Fyers, Upstox, Angel One, Shoonya, Kotak Securities, Sahi, and mStock simultaneously, ranking them from cheapest to most expensive total charges — useful whether you're choosing a broker for the first time or checking if switching would actually save you money on the kind of trades you place most.
What Actually Makes Up Your Total Trading Cost?
"Brokerage" is only one line item on a contract note. Every trade in India, regardless of broker, also carries a set of regulatory and exchange charges that are identical for everyone trading the same segment. This calculator itemises all of them:
- Brokerage: what your broker charges you — this is the only line item that actually varies by broker, and the one every "brokerage calculator" search is really trying to compare.
- STT (Securities Transaction Tax): a tax collected by the exchange on every trade, at different rates for delivery, intraday, futures, and options.
- Exchange transaction charges: a small percentage-based fee NSE or BSE charges on your traded value.
- SEBI turnover fee: a tiny flat fee (₹10 per crore of turnover) that funds SEBI's regulatory functions.
- Stamp duty: a state government levy on the buy side of every trade, standardised nationally since July 2020.
- GST: 18% charged on your brokerage and exchange transaction charges (not on STT or stamp duty).
- DP (Depository Participant) charges: charged only when you sell shares out of your demat account on a delivery trade — and this is one place where the amount genuinely differs by broker, since each broker adds its own markup on top of the base depository charge.
Brokerage Charges Compared: Zerodha, Groww, Upstox, Angel One & More (2026)
| Broker | Equity Delivery | Equity Intraday | F&O Futures | F&O Options |
|---|---|---|---|---|
| Zerodha (Kite) | Free | 0.03% or ₹20/order, lower | 0.03% or ₹20/order, lower | Flat ₹20/order |
| Groww | ₹20 or 0.1%, lower (min ₹5) | ₹20 or 0.1%, lower (min ₹5) | Flat ₹20/order | Flat ₹20/order |
| Dhan | Free | ₹20 or 0.03%, lower | Flat ₹20/order | Flat ₹20/order |
| Fyers | ₹20 or 0.3%, lower | ₹20 or 0.03%, lower | ₹20 or 0.03%, lower | Flat ₹20/order |
| Upstox | ₹20 or 0.1%, lower | ₹20 or 0.1%, lower | ₹20 or 0.05%, lower | Flat ₹20/order |
| Angel One | ₹20 or 0.1%, lower (min ₹5) | ₹20 or 0.1%, lower (min ₹5) | Flat ₹20/order | Flat ₹20/order |
| Shoonya (Finvasia) | Free | ₹5 or 0.03%, lower | ₹5 or 0.03%, lower | Flat ₹5/order |
| Kotak Securities (Neo) | 0.20% (Trade Free Plan) | ₹10 or 0.05%, lower | Flat ₹10/order | Flat ₹10/order |
| Sahi | ₹10 or 0.05%, lower | ₹10 or 0.05%, lower | Flat ₹10/order | Flat ₹10/order |
| mStock (Mirae Asset) | Flat ₹10/order | Flat ₹10/order | Flat ₹10/order | Flat ₹10/order |
Rates compiled directly from each broker's official pricing page (accessed September 2026). Kotak Securities' full-service (non-Neo) plans use a different, higher percentage-based structure not shown here. Broker pricing plans change from time to time — always cross-check your specific plan on your broker's own charges page before relying on any figure for a real trade.
Important: F&O STT Increased on 1 April 2026
This is a genuinely significant, recent change for F&O traders — a 50% jump in futures STT and options STT can meaningfully change the breakeven point on high-frequency strategies, independent of which broker you use, since STT is a government levy, not a broker fee.
Is "Kite" a Different Broker from Zerodha?
No — this is one of the most common points of confusion behind "Kite brokerage calculator" searches. Kite is simply the name of Zerodha's trading platform (both the website and mobile app). Every trade placed "on Kite" is a Zerodha trade, subject to Zerodha's brokerage and charges exactly as shown in the table above. There is no separate "Kite" entity or pricing plan.
How the Charges Are Calculated
For delivery and intraday equity, STT, exchange transaction charges, and SEBI fees apply to your total turnover (buy value plus sell value, or just the sell value depending on the charge), while stamp duty applies only to your buy-side value. For F&O, the same categories of charges apply, but calculated on your futures contract value or your options premium value respectively, at the F&O-specific rates shown in this calculator. Brokerage itself is calculated per executed order (buy order and sell order counted separately), using whichever formula your selected broker uses — a flat fee, a percentage, or "whichever is lower" between a percentage and a flat cap, sometimes with a minimum fee floor.
Why "Zero Brokerage" Doesn't Mean a Free Trade
Even on a broker offering zero brokerage on delivery, like Zerodha, Dhan, or Shoonya, you still pay STT, exchange transaction charges, SEBI fees, stamp duty, GST, and — when you eventually sell — DP charges. On a typical delivery trade, these regulatory charges alone are often larger than what a discount broker's brokerage fee would have been anyway. Brokers offering zero or near-zero brokerage generally make money elsewhere: interest earned on the float of client funds sitting in trading accounts, interest on margin trading facility (MTF) loans, fees on options and futures trading (where flat per-order fees still apply), and cross-selling other financial products.
DP Charges: The One Cost That Genuinely Varies by Broker
Depositories (CDSL and NSDL) charge brokers a small wholesale fee per debit instruction when shares leave your demat account on a sale. Brokers then add their own markup before passing this on to you, which is why DP charges genuinely differ — commonly landing somewhere between roughly ₹13 and ₹24 per scrip, per day, including GST, depending on your broker. This calculator applies each broker's approximate current DP charge automatically for delivery-segment calculations; if your broker has since changed this fee, adjust your expectations accordingly and check your latest contract note.
Choosing a Broker: Beyond Just Brokerage
The cheapest brokerage isn't automatically the right choice for everyone. Worth weighing alongside cost: platform reliability during high-volatility market hours, the quality of charting and order types (especially for F&O traders), margin and MTF terms if you use leverage, customer support responsiveness, and how easy it is to get a genuine answer when something goes wrong with an order. This calculator focuses specifically and only on trading costs — it isn't a recommendation of any one broker, since the right choice depends on how you actually trade, not just on the lowest number in a comparison table.
Are Brokers Regulated by SEBI or RBI?
All the brokers covered in this calculator — Zerodha, Groww, Dhan, Fyers, Upstox, Angel One, Shoonya, Kotak Securities, Sahi, and mStock — are registered stockbrokers regulated by the Securities and Exchange Board of India (SEBI), which sets rules around broker registration, client fund segregation, margin requirements, and investor grievance mechanisms. The RBI has no direct regulatory authority over stockbroking or these charges; its role is limited to the banking system used to move money in and out of your trading account.
Common Mistakes When Comparing Brokerage Plans
- Comparing only the headline brokerage number while ignoring DP charges, which can add up meaningfully for frequent delivery sellers.
- Assuming "zero brokerage" means a completely free account, when regulatory charges and other fees still apply.
- Not checking whether an AMC (Annual Maintenance Charge) applies to your demat account, which some brokers waive only under certain conditions (like a BSDA account with a small holding value).
- Forgetting that F&O STT increased materially from April 2026, which changes the true cost of frequent F&O trading independent of broker choice.
- Not accounting for GST, which adds 18% on top of brokerage and exchange charges — a cost that's easy to overlook when eyeballing a broker's headline rate.
Building a Complete Investment Plan
Trading costs are just one piece of a broader financial plan. For long-term, diversified investing, see the SIP Calculator and the Bitcoin SIP Calculator India. If you're planning retirement withdrawals, the SWP Calculator with Inflation India models a systematic withdrawal plan against inflation. To check what return any strategy actually needs to deliver, use the Reverse CAGR Calculator, and for the safer end of your portfolio, compare fixed-return and inflation-hedging options with the Kisan Vikas Patra (KVP) Calculator and the Gold vs Inflation Hedge Calculator. And if you're actively trading individual stocks, the Stock Average Down Calculator shows your true breakeven price after exactly these kinds of trading costs.