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Zerodha (Kite)
97/100
Discount Broker
Pioneers of discount broking and market leader in active retail participation.
Credwiser Score 97/100

Zerodha (Kite)

Discount Broker • Pioneers of discount broking and market leader in active retail participation.

Broker TypeDiscount Broker
Account Opening₹200 (Online via Aadhaar e-KYC)
Demat AMC₹300/year + 18% GST (Billed quarterly at ₹75)
Equity Delivery₹0 (Free Equity Delivery)
Equity Intraday0.03% or ₹20 per executed order (whichever is lower)
Futures & OptionsFlat ₹20 per executed order for F&O
MTF RateUnavailable (Zerodha does not offer Margin Trading Facility / MTF)
DP Charges₹13.50 + 18% GST per scrip per day on debit (CDSL)
PlatformKite Web 3.0, Kite Mobile, TradingView & ChartIQ, Sentinel alerts
Algo / APIKite Connect API: ₹2,000/month (Historical data: ₹2,000/month extra)
Active Clients7.8 Million+
SEBI RegistrationINZ000031633 (NSE, BSE, MCX) • CDSL DP ID: 12081600
Best ForDisciplined long-term investors, index SIP traders, and serious technical chartists

Strengths

  • Industry-best UI reliability and zero server lag during peak volatility
  • Free equity delivery with zero brokerage on long-term wealth building
  • Comprehensive ecosystem: Varsity education, Console analytics, Sensibull options, and Coin direct mutual funds

Weaknesses

  • Does not offer Margin Trading Facility (MTF) for leverage investors
  • Kite Connect trading API costs ₹2,000/month (not free unlike Dhan or Upstox)
  • ₹200 account opening fee

Zerodha (Kite) FAQs

Is equity delivery really free on Zerodha?

Yes. Zerodha charges ₹0 brokerage on equity delivery. Statutory taxes like STT (0.1%), exchange turnover fees, and SEBI regulatory turnover charges apply on all transactions.

What are Zerodha CDSL DP charges on selling stocks?

When you sell shares from your Demat account, Zerodha charges ₹13.50 + 18% GST (approx ₹15.93) per company per day, regardless of the number of shares sold.

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