Zerodha is India’s largest discount stockbroker and a popular choice among retail investors due to its low-cost brokerage model and user-friendly trading platform. Founded in 2010, Zerodha has disrupted the traditional brokerage industry by offering transparent pricing and zero brokerage on delivery trades.
In this detailed review, we cover Zerodha’s brokerage charges, key features, pros & cons, and how to apply for IPOs.
About Zerodha
Zerodha provides trading and investment services in:
- Equity (Delivery & Intraday)
- Futures & Options
- Commodity & Currency Trading
- Direct Mutual Funds
- Government Securities & Bonds
Its flagship platform, Kite, is known for its clean interface, fast execution, and advanced charting tools.
Official Website:
👉 https://zerodha.com
Zerodha Brokerage Charges (2026)
Zerodha follows a flat-fee discount brokerage model.
Equity
- Delivery: ₹0 (Free)
- Intraday: ₹20 or 0.03% per executed order (whichever is lower)
Futures
- ₹20 or 0.03% per executed order (whichever is lower)
Options
- ₹20 per executed order (flat)
Direct Mutual Funds
- ₹0 (Free)
Other Charges
- DP Charges: ₹13 + GST per ISIN sold
- Account Opening: ₹200 (Equity + Demat), ₹100 (Commodity)
- AMC: ₹300 per year (Individual account)
- Call & Trade: ₹50 per order
- Regulatory Charges: SEBI charges, exchange transaction fees, GST, and stamp duty as applicable
How to Apply for IPO Using Zerodha
Applying for an IPO through Zerodha is simple and fully online:
- Login to Kite and go to Console
- Navigate to Portfolio → IPOs
- Select the IPO and enter bid details
- Approve the UPI mandate in your UPI app
Once approved, your IPO application is successfully submitted.
Pros of Zerodha
✔ Zero brokerage on delivery trades
✔ Flat ₹20 brokerage model
✔ Simple and fast trading platform
✔ No hidden charges
✔ Direct mutual funds with zero commission
Cons of Zerodha
✘ No physical branches
Is Zerodha Good for IPO Investors?
Yes. Zerodha is suitable for IPO investors because:
- No brokerage on equity delivery
- Easy UPI-based IPO application process
- Transparent fee structure
- Reliable trading platform
It is especially suitable for long-term investors and active traders looking for low brokerage costs.
Final Verdict
Zerodha remains one of the best low-cost brokers in India for equity investors and IPO applicants. Its flat-fee model, transparent charges, and simple IPO process make it a strong choice for retail investors.
If you are planning to apply for IPOs regularly, Zerodha is a cost-effective and reliable platform.
⚠ Disclaimer
This article is for educational and informational purposes only. Brokerage charges and features may change as per regulatory guidelines or company updates. Investors are advised to verify the latest charges and terms directly from the official Zerodha website:
IPO investments are subject to market risks. Please consult your financial advisor before making any investment decisions.
One of few brokers still providing free brokerage on delivery transaction
kite performance as compared to new age company is average.