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- Pricing
Demat & Trading Account Opening Charges
Zero brokerage for life
(Across Products)
Zero brokerage across Delivery, Intraday, F&Os, Mutual Funds, IPO, Currency
Zero brokerage for life
(Delivery, Mutual Funds, IPO)
Brokerage of ₹20 applicable on Intraday, F&O and Currency
Optional
₹999 FREE AMCOpt for free lifetime AMC by paying an additional ₹999, else pay ₹120 every quarter as AMC.
Additional GST & Partner fees applicable on selected plan
₹0 Brokerage & Lowest Other Charges in the Industry
Watch real traders save big on m.Stock
₹ 1,20,000 brokerage a year OR ₹ 0 brokerage for life? Choose wisely
Assuming 25 orders @ ₹20 brokerage and 20 trading days in a month
No Hidden Charges
| Charges | Equity Delivery | Equity intraday | Futures | Options |
|---|---|---|---|---|
| Brokerage | Zero | Zero | Zero | Zero |
| Call & Trade Charges | Zero | Zero | Zero | Zero |
| STT/CTT | 0.1% on buy & sell | 0.025% on the sell side | 0.0125% on sell side | • 0.125% of the intrinsic value on options that are bought and exercised • 0.0625% on sell side (on premium) |
| Transaction charges | NSE: 0.00325% BSE: 0.00375% |
NSE: 0.00325% BSE: 0.00375% |
NSE: 0.0019% | NSE: 0.050% (on premium) |
| GST | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (brokerage + transaction charges + SEBI charges) |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| Stamp charges | 0.015% or ₹1500 / crore on buy side | 0.003% or ₹300 / crore on buy side | 0.002% or ₹200 / crore on buy side | 0.003% or ₹300 / crore on buy side |
| Charges | Futures | Options |
|---|---|---|
| Brokerage | Zero | Zero |
| Call & Trade Charges | Zero | Zero |
| STT/CTT | No STT | No STT |
| Transaction charges |
NSE: Exchange txn charge: 0.0009% |
NSE: Exchange txn charge: 0.035% |
| GST | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
| SEBI charges | ₹10 / crore | ₹10 / crore |
| Stamp charges | 0.0001% or ₹10 / crore on buy side | 0.0001% or ₹10 / crore on buy side |
| Charges | MTF (eMargin) |
|---|---|
| Interest Rate | 6.99% - 9.49% |
| Brokerage | Zero |
| Subscription Fee | Zero |
| Margin Pledge | ₹25^^ |
| GST | 18% on (brokerage + transaction charges) |
Mutual Fund Charges ![]()
No fees on Mutual Fund Direct Plans
DP (Depository Participant) Charges ![]()
₹12 + GST per ISIN per transaction per day will be charged as DP charges for sell transactions charged by CDSL & m.Stock
Pledge Charges
- Pledge creation & closure charges will be ₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan
- Pledge creation & closure charges will be ₹32 per PSN (Pledge Sequence Number) per day (+GST) for standard quarterly AMC plan
Quarterly Operating Charges
- ₹99 + 18% GST per quarter for clients under the standard quarterly AMC plan
- No operating charge will be applicable for clients under the 'Lifetime free AMC' plan
Upgrade Charges
- Brokerage Plan: In case you opt for Free Delivery account during account opening and upgrade later, then you will have to pay ₹1,299.
- AMC Plan: In case you opt for standard AMC plan (₹120 per quarter) during account opening and upgrade later, you will have to pay ₹1,299.
Off-market Transfer Charges 
Transfer in FREE - Transfer out ₹20 per transaction or 0.50% whichever is lower
Corporate Action Order Charges ![]()
Lifetime Zero brokerage in the Zero Brokerage account at a one-time fee of ₹999. In case of Free Delivery account, a charge of ₹20 per transaction will be levied
Delayed Payment Charges
Interest is levied at 18% a year or 0.05% per day on the debit balance in your trading account
Physical CMR Request ![]()
First CMR request is free. ₹20 + ₹100 (courier charge) + 18% GST for subsequent requests
Payment Gateway Charges - Margin Fund Transfer
UPI Transactions are Free and in case of Net banking, charges will vary between ₹7 - ₹11 + GST depending on the bank selection
Physical Statement Courier Charges
₹100 per request + ₹100 per courier
Demat per certificate
A charge of ₹150 per certificate + ₹100 courier charges will be levied
Remat Charges
A charge of ₹150 per certificate + ₹100 courier charges + CDSL Charges will be levied
Failed Instruction Charges
A charge of ₹50 per instruction will be applied
Reactivation Charges ![]()
No charge will be applicable for account reactivation
Modification charges
A charge of ₹20 will be applicable per request
Account Closure Charges ![]()
No charge will be applicable for account closure
18% GST
On Brokerage, DP charges, Exchange Transaction charges, SEBI charges and Auto Square-Off charges
Physical Delivery of Derivatives
Nominal brokerage 0.05% of the contract value will be charged when physical delivery happens.
Transaction/Turnover Charges
BSE transaction charges on securities traded in X, XT and Z group is 0.10% per crore & for 'P', 'ZP', 'SS' and 'ST' group, it is 1% per crore on the gross turnover value
Other Charges
- RMS square-off-charges for open intraday positions by system - ₹60 per position
- Auction if unable to deliver a stock (not in demat) - As per actual penalty by exchange
999 Account
With this account, you will be charged a one-time Account opening fee of Rs.999, where you get to trade across all products @ Zero brokerage. This is a not a recurring charge. Zero brokerage charges are not linked to any subscription pack, or a limited number of trades and this is not a limited time offer.
149 Account
With this account, you will be charged a one-time Account opening fee of Rs. 149, subsequently you will be charged at Rs. 20 per trade across products. Delivery trades, Mutual Funds & IPOs are @ Zero brokerage.
Demat AMC
FREE for Life
With 999 Account & 999 AMC - you get a ZERO charges account without any Catch
Open your Lifetime Free Brokerage Account Onboarding in just 5 minutes**
Here's what the world has to say
“When I opted for the ₹999 Zero Brokerage plan, I was expecting a long list of T&C but it is truly a zero brokerage platform. Simply WOW!”
“Having carefully understood the m.Stock zero brokerage & pricing model, I can say with confidence that it is unmatchable in the current market.”
“When I heard that m.Stock is a zero brokerage platform I thought it was some sort of a scheme or scam. But, to my surprise, it is CLEARLY not! It is a perfect app for Indian small traders.”
“Zero Brokerage sounded too good to be true but still I chose ₹ 999 account & was surprised to find that there were no hidden charges. I also opted for the free AMC by paying an additional ₹ 999.”
“Get Zero Brokerage for life at one time fee ₹999 across products for life! A biggest revolution in broking industry! Hats off team Mirae!”
“My account opening process on m.Stock trading app was incredibly simple. A hassle-free investment with a one-time cost of Rs.999.”
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