All Brokers › Zerodha vs Upstox

Zerodha vs Upstox

Complete charge comparison — every fee, calculated. ₹50,000 delivery trade baseline.

★ Editor's Pick

Discount
Zerodha CHEAPER
₹126.85
Total cost on ₹50K delivery trade
VS
Discount
Upstox
₹178.71
Total cost on ₹50K delivery trade
VERDICT — ₹50,000 DELIVERY TRADE
Zerodha costs ₹51.86 less on a ₹50,000 delivery trade. Zerodha charges lower brokerage on delivery. On an annual basis, Zerodha saves ₹3211 for a long-term investor making 5 delivery trades per month.

Side-by-Side Charge Comparison

ChargeZerodhaUpstoxDifference
Delivery Brokerage Zero ₹20 flat Differs
Intraday Brokerage0.03% or ₹200.1% or ₹20Differs
F&O Options₹20/order₹20/orderSame
DP Charge ₹15.34/scrip ₹20/scrip ₹51.86 gap
AMC / year ₹88.50/yr ₹300/yr (yr 1 free) Differs
MTF Interest14.6% p.a.18.25% p.a.Differs
API Access₹2,000/mo (Kite Connect)Free—
Call & Trade₹59₹88.50—
Networth₹13,500 CrNot filedFinancial strength
Total (₹50K delivery) ₹126.85 ₹178.71 ₹51.86 gap

Annual Cost — Long-Term Investor

ZerodhaUpstox
Annual cost₹7332/yr₹10543/yr
Cheaper byZerodha saves ₹3211/year
Choose Zerodha if you...
  • Long-term investors
  • Options traders
  • Algo traders
  • Active intraday traders
Choose Upstox if you...
  • Algo traders
  • API developers
  • Equity investors

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Charges sourced from official broker websites and NSE filings. Regulatory charges (STT, exchange fee, SEBI fee, stamp duty = ₹111.24 on ₹50K delivery) are identical at every broker. Budget 2026: futures STT raised to 0.05%, options STT to 0.15%, effective April 1 2026. Always verify current charges before trading. Not investment advice.