m.Stock by Mirae AssetOpen Demat Account
m.Stock by Mirae Asset
What is zero brokerage on equity delivery?

What is zero brokerage on equity delivery?

Every product and service carries a cost, and trading in the securities market is no exception. A host of charges are levied on every trade you place. The biggest of these charges is brokerage, which acts as a consideration for the broker to facilitate trading for its clients. Most brokers in India charge brokerage on all transactions - equity delivery, intraday, futures and options etc. Understanding the brokerage charged on your trade goes a long way in strategizing your future trades.

What is brokerage on equity delivery?

Equity delivery trading refers to buying shares with the intention of holding them for the foreseeable future, unlike intraday trading. Despite being a long-term investment, delivery trading does attract a gamut of charges, including:

  • Securities Transaction Tax (STT)

  • Goods and Services Tax (GST)

  • Brokerage charges

  • Stock exchange charges

  • SEBI turnover fees

  • Stamp duty, etc.

How is brokerage calculated on equity delivery transactions?

Brokerage charged on equity delivery trade depends on your brokerage plan. In case you trade with a full-service broker, you will be charged a percentage on the total trade value. If you trade with a discount broker, you will be charged a flat fee on every transaction, irrespective of the order size. Let us understand on how to calculate brokerage on equity delivery trade under both full service and discount broker with the following example: Anand purchased 100 shares of Infosys Ltd. at the market price of ₹1,600 per share. His total trade value was ₹1.6 lakhs.

  • Brokerage charged under full service broker:

    Assuming 0.5% brokerage, the total brokerage paid by Anand would be ₹800.

  • Brokerage charged under discount broker:

    Since this is an equity delivery trade, there is only one side to this trade i.e. the buy side. So, assuming the discount broker charges ₹20 per executed order, Anand’s total brokerage payable will be ₹20.

But wait, there’s also a third brokerage option - Zero Brokerage.

What is zero brokerage on equity delivery with

Zero brokerage on equity delivery is the elimination of brokerage charges on an equity delivery order. In a traditional brokerage model like we saw above, brokerage is charged on the total trade value. However, in a zero brokerage trading model, brokerage charges are eliminated and replaced with a one-time account opening fee. While still in the nascent stages, zero brokerage is gaining popularity and momentum, especially among retail investors, who want to save every penny possible. 

Read Also: What is Zero Brokerage Trading Account?

Read Also: What All is Free in Zero Brokerage

More Related Articles

Is there a Firm in India that offers Zero Brokerage across Products

Is there a Firm in India that offers Zero Brokerage across Products

Calendar graphicMay 25, 2026 | 4 mins read

As per SEBI guidelines, for the purpose of trading in the stock market, one needs to open a Demat and trading account with a registered broker. There are typically 3 kinds of brokers in India: Full-service brokers Discount brokers Brokers offering Zero Brokerage

Read More
How do Zero Broking Charges Really Help me as an Investor

How do Zero Broking Charges Really Help me as an Investor

Calendar graphicMay 25, 2026 | 3 mins read

Zero brokerage is the latest trend redefining the Indian broking industry. Zero brokerage means no brokerage is levied on your trades, allowing investors and traders to buy or sell securities without paying traditional percentage-based brokerage fees. This model has become increasingly popular among retail investors because it helps reduce overall trading costs and improves net returns, especially for frequent traders and beginners with smaller investment amounts.

Read More
What Does Zero Brokerage Mean

What Does Zero Brokerage Mean

Calendar graphicMay 22, 2026 | 5 mins read

Brokers play a vital role in the stock market by facilitating buy and sell transactions on behalf of their clients. In exchange for their services, brokers charge a fee which is usually referred to as brokerage. While the terms ‘fixed fee brokerage’ and ‘flat brokerage’ are quite common and known among investors, the term ‘zero brokerage’ is also gaining momentum as investors aim to save every penny behind their trades. But what exactly does zero brokerage mean? Let’s find out.

Read More
View All

FAQ

To find the cheapest broker, calculate your expected trading volume and assess total costs including brokerage, platform fee, interest and pledge charges.m.Stockcharges 10 per order across all segments. There are no pledge creation fees and funding interest starts from 8.99 percent annually.

The broker also provides features like one-click order placement, real-time chart tools, segment-wide coverage and many more without extra conditions. This structure suits both investors and traders who want predictable costs and lower charges. You can access all trading segments in one platform without compromise.