Demat & Trading Account Opening Charges
Zero brokerage for life
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 AMC
Opt 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
|Type||Charges||m.Stock||Full Service Broker||Discount Broker|
₹0 - ₹20
₹10 - ₹20
₹10 - ₹20
₹0 - ₹20
₹0 - ₹20
₹10 - ₹20
₹0 - ₹20
|Average Brokerage||₹0||Upto 0.55%||Upto ₹20|
DP Charges During Sell Transactions
Payment Gateway Charges
Call & Trade
MTF Interest Rate
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|
|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%
|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|
|Call & Trade Charges||Zero||Zero|
|STT/CTT||No STT||No STT|
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|
|Interest Rate||6.99% - 9.49%|
|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 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
- 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
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
No charge will be applicable for account reactivation
A charge of ₹20 will be applicable per request
Account Closure Charges
No charge will be applicable for account closure
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.
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
- 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
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.
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.
FREE for Life
If you go for Rs. 999 Demat AMC, you will not be charged AMC ever again. Alternatively, you can choose to pay Rs. 120 at the end of every quarter.
With 999 Account & 999 AMC - you get a ZERO charges account without any Catch
- No limit to number of orders
- No prior brokerage commitment
- No subscription attached
- No date of expiry
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.