Affiliate Disclosure: RupeeKit may earn a referral or affiliate fee if you open an account through some links on this page. Commercial relationships do not determine comparison order, factual conclusions, or recommendations. We verify commercial claims against primary broker sources and show the verification date near the comparison. There is no extra cost to you from using our link; always check the broker's current official pricing and eligibility before acting.
Choosing a broker is easier when you separate pricing from platform preferences. This comparison uses broker pricing and support pages verified on 3 September 2026, then matches the differences to common use cases such as buy-and-hold investing, active trading, research tools and NRI onboarding. There is no universal winner, and commercial relationships do not determine the comparison order.
Answer Engine Summary
Zerodha, Upstox and Angel One differ most in delivery brokerage, trading tools, research features and account terms. As verified on 3 September 2026, Zerodha charges Rs 0 brokerage for resident-individual equity delivery; Upstox charges Rs 20 per executed equity-delivery order; and Angel One charges the lower of Rs 20 or 0.1% per delivery or intraday order after its introductory offer, with a Rs 5 minimum. All three provide NRI account options subject to separate terms. RupeeKit recommends choosing by use case and verifying current pricing on the broker website before account opening.
Last updated: 8 September 2026
Educational information only. Verify applicability with official guidance and qualified professionals where needed.
Zerodha vs Upstox vs Angel One: which broker may suit you?
Start with your actual use case rather than a universal ranking. Zerodha may suit a self-directed buy-and-hold investor who values zero brokerage on resident equity delivery, a simple trading interface and direct mutual-fund access through Coin. Upstox may suit an active trader who values trading and options tools. Angel One may suit an investor who wants research and analytics alongside trading and investing access.
The comparison card below places current charges, platform features, NRI availability and account terms side by side. Partner payouts do not change the order of brokers or the factual conclusions on this page.
- Self-directed investing: compare Zerodha first if zero resident equity-delivery brokerage matters to you.
- Active trading: compare Upstox if platform and options tools are a priority.
- Research and analytics: compare Angel One if you want those tools alongside investing access.
- NRI onboarding: all three have NRI account options; separate eligibility, documents and charges apply.
Zerodha vs Upstox vs Angel One — Key Charges Compared
AMC fees, brokerage model, and account types at a glance
Zerodha vs Upstox vs Angel One
Charges, features, and platform — side by side.
Zerodha Simple, reliable, self-directed | Upstox Modern platform and active-trading tools | Angel One Research tools and broad account support | |
|---|---|---|---|
| Account Opening | Rs 0 for resident individual online accounts | Rs 0 | Rs 0 for standard resident online account opening |
| Delivery Brokerage | Rs 0 brokerage for resident individual delivery trades | Rs 20 per executed order | After intro offer: Rs 20 or 0.1%/order (lower; Rs 5 minimum) |
| Intraday Brokerage | Rs 20 or 0.03%/order (lower) | Rs 20 or 0.1%/order (lower) | After intro offer: Rs 20 or 0.1%/order (lower; Rs 5 minimum) |
| F&O Brokerage | Options flat Rs 20/order; futures Rs 20 or 0.03% (lower) | Options flat Rs 20/order; futures Rs 20 or 0.05% (lower) | After intro offer: flat Rs 20/order |
| Demat AMC | First year Rs 0 for eligible new resident accounts; then non-BSDA Rs 300 + GST/year | First year Rs 0 for eligible new users; then non-BSDA Rs 300 + GST/year | First year Rs 0; then non-BSDA Rs 60 + GST/quarter |
| Account Type | 2-in-1 | Trading + demat account | Trading + demat account |
| Platform | Kite (web + mobile) | Upstox web + mobile | Angel One app and web |
| Mutual Funds | Zerodha Coin — direct plans, zero commission | Rs 0 brokerage on mutual funds | Direct mutual-fund access via app |
| API Access | Kite Connect (paid) | Upstox API available | SmartAPI available |
| Research / Advisory | Varsity (free education) — no advisory | Options analytics and screeners available | Research and analytics tools available |
| NRI Trading | NRI trading and demat accounts available; separate pricing and eligibility apply | NRI onboarding is available; eligibility and charges differ from resident accounts | NRI account options available; separate terms and charges apply |
| Best For | Self-directed investors who value zero delivery brokerage and direct mutual funds | Active traders who value platform tools and transparent per-order pricing | Investors who want research tools alongside trading and investing access |
- Account Opening
- Rs 0 for resident individual online accounts
- Delivery Brokerage
- Rs 0 brokerage for resident individual delivery trades
- Intraday Brokerage
- Rs 20 or 0.03%/order (lower)
- F&O Brokerage
- Options flat Rs 20/order; futures Rs 20 or 0.03% (lower)
- Demat AMC
- First year Rs 0 for eligible new resident accounts; then non-BSDA Rs 300 + GST/year
- Account Type
- 2-in-1
- Platform
- Kite (web + mobile)
- Mutual Funds
- Zerodha Coin — direct plans, zero commission
- API Access
- Kite Connect (paid)
- Research / Advisory
- Varsity (free education) — no advisory
- NRI Trading
- NRI trading and demat accounts available; separate pricing and eligibility apply
- Best For
- Self-directed investors who value zero delivery brokerage and direct mutual funds
- Account Opening
- Rs 0
- Delivery Brokerage
- Rs 20 per executed order
- Intraday Brokerage
- Rs 20 or 0.1%/order (lower)
- F&O Brokerage
- Options flat Rs 20/order; futures Rs 20 or 0.05% (lower)
- Demat AMC
- First year Rs 0 for eligible new users; then non-BSDA Rs 300 + GST/year
- Account Type
- Trading + demat account
- Platform
- Upstox web + mobile
- Mutual Funds
- Rs 0 brokerage on mutual funds
- API Access
- Upstox API available
- Research / Advisory
- Options analytics and screeners available
- NRI Trading
- NRI onboarding is available; eligibility and charges differ from resident accounts
- Best For
- Active traders who value platform tools and transparent per-order pricing
- Account Opening
- Rs 0 for standard resident online account opening
- Delivery Brokerage
- After intro offer: Rs 20 or 0.1%/order (lower; Rs 5 minimum)
- Intraday Brokerage
- After intro offer: Rs 20 or 0.1%/order (lower; Rs 5 minimum)
- F&O Brokerage
- After intro offer: flat Rs 20/order
- Demat AMC
- First year Rs 0; then non-BSDA Rs 60 + GST/quarter
- Account Type
- Trading + demat account
- Platform
- Angel One app and web
- Mutual Funds
- Direct mutual-fund access via app
- API Access
- SmartAPI available
- Research / Advisory
- Research and analytics tools available
- NRI Trading
- NRI account options available; separate terms and charges apply
- Best For
- Investors who want research tools alongside trading and investing access
Ready to compare your closest match?
Choose by how you invest, then continue to the broker's official account-opening page to verify current pricing and eligibility.
Charges last verified: 3 September 2026, against each broker's official pricing/support pages. Statutory and depository charges can apply in addition and pricing can change. RupeeKit earns affiliate commissions from Angel One and Upstox; the Zerodha URL is a referral link. No broker is universally best, and RupeeKit does not order recommendations by payout.
RupeeKit never collects your PAN, Aadhaar, bank details or KYC documents. Any account-opening information is entered only on the broker's website.
How do current brokerage and AMC charges differ?
Zerodha currently charges Rs 0 brokerage for resident-individual equity delivery. Its equity intraday and futures pricing is Rs 20 or 0.03% per executed order, whichever is lower, while options are Rs 20 per executed order. Eligible new resident-individual accounts can receive a first-year AMC waiver; non-BSDA individual AMC is Rs 300 plus GST per year after the waiver.
Upstox currently lists equity delivery at Rs 20 per executed order, equity intraday at Rs 20 or 0.1% per order whichever is lower, equity futures at Rs 20 or 0.05% whichever is lower, and options at Rs 20 per order. Eligible users can receive first-year AMC free, with non-BSDA AMC of Rs 300 plus GST per year from the second year.
Angel One currently states that after its introductory offer, equity delivery and intraday brokerage are the lower of Rs 20 or 0.1% per executed order, with a Rs 5 minimum, while F&O is Rs 20 per order. Its non-BSDA AMC is Rs 0 for the first year and Rs 60 plus GST per quarter from the second year.
- Brokerage is only one part of trading cost; statutory, exchange, GST, stamp-duty and depository charges can also apply.
- BSDA eligibility can change the AMC outcome, so check the broker charge sheet for your account type.
- Prices and introductory offers can change; the figures above were verified on 3 September 2026.
Which platform and investing experience may fit your use case?
Zerodha offers Kite for trading and Coin for direct mutual funds, with Varsity as a free education resource. Upstox offers web and mobile trading plus options analytics and screeners. Angel One offers app and web access with research and analytics tools. These are feature differences rather than guarantees of better trading outcomes.
If your priority is long-term investing, compare recurring costs, delivery brokerage and investment access. If you trade actively, compare the exact product-level brokerage and the tools you actually use rather than choosing on a headline account-opening offer.
Practical example: buy-and-hold investor vs active trader
Consider two users. A buy-and-hold investor mainly purchases equity for delivery and rarely trades. Zerodha's Rs 0 resident equity-delivery brokerage may matter more to that user than advanced trading tools, although DP and statutory charges can still apply.
An active trader places more intraday, futures or options orders. For that user, per-order brokerage, product-specific percentages, execution workflow and analytics tools can matter more than delivery brokerage. Upstox and Angel One may therefore deserve a closer look, while Zerodha remains a valid comparison. The right result depends on the user's actual order mix rather than a universal winner.
Practical Example: Choose by behaviour, not by logo
If you mostly buy delivery stocks and hold them, compare delivery brokerage and AMC first. If you place frequent intraday or derivatives orders, compare product-specific brokerage and platform tools first. Then verify the current charge sheet before opening an account.
Do Zerodha, Upstox and Angel One support NRI accounts?
Yes, all three currently provide NRI account or onboarding options, but the process, supported products, bank relationships, documentation and charges can differ from resident accounts. Do not choose a broker solely because an older comparison says only one supports NRIs.
If you are an NRI, open the broker's current NRI documentation and pricing pages before starting KYC so you can confirm residency, bank-account and product eligibility for your situation.
What should you check before opening a demat account?
Use the comparison card to shortlist a broker, then verify the current official pricing and eligibility before continuing. Account opening and KYC take place on the broker's website; RupeeKit does not collect PAN, Aadhaar, bank details or KYC documents.
- Delivery, intraday, futures and options brokerage for the products you actually use.
- Demat AMC and whether BSDA or introductory waivers apply to you.
- DP and other non-brokerage charges shown in the broker charge sheet.
- Platform, mutual-fund, API or research features that matter to your use case.
- Resident or NRI eligibility and the broker's current KYC/document requirements.
Source and methodology for this broker comparison
RupeeKit compares published broker pricing, support and account-opening information from the official sources listed for this article. Changeable commercial facts were last verified on 3 September 2026. If a broker changes its pricing or eligibility terms, the official broker page takes precedence over this comparison.
The comparison order is editorial, not commission-based. RupeeKit may earn a referral or affiliate fee when a user chooses to continue through a disclosed partner link. No payout changes which broker is described as suitable for a use case, and no broker is presented as universally best.
Estimate Your Own Finances
Try our free interactive calculators to plan your savings, loans, and taxes.
Frequently Asked Questions
Which is best in 2026: Zerodha, Upstox or Angel One?
There is no universal best broker. Zerodha may suit self-directed buy-and-hold investors who value Rs 0 resident equity-delivery brokerage; Upstox may suit active traders who value trading tools; Angel One may suit investors who value research and analytics. Compare current pricing and features for your own use case before opening an account.
Which of the three has zero equity-delivery brokerage?
As verified on 3 September 2026, Zerodha charges Rs 0 brokerage for resident-individual equity delivery. Upstox lists Rs 20 per executed delivery order, while Angel One lists the lower of Rs 20 or 0.1% per delivery order after its introductory offer, subject to a Rs 5 minimum. Other statutory and depository charges can still apply.
Do Zerodha, Upstox and Angel One support NRI accounts?
All three currently have NRI account or onboarding options. NRI pricing, documentation, supported products and eligibility differ from resident accounts, so verify the current broker-specific NRI pages before applying.
Does RupeeKit earn money from the broker links?
RupeeKit may earn referral or affiliate fees from disclosed partner links. Commercial relationships do not determine comparison order, factual conclusions or which broker is described as suitable for a use case.
Can I open accounts with more than one broker?
Yes, investors can hold more than one trading or demat account. Each account can have its own charges and maintenance requirements, so opening multiple accounts only makes sense when the separate use cases justify the additional complexity or cost.
How current are the brokerage and AMC figures on this page?
The changeable broker facts on this comparison were last verified against official broker sources on 3 September 2026. Broker pricing, waivers and eligibility can change, so the official broker charge sheet should always be checked before account opening.
Source, Methodology & Educational Disclaimer
RupeeKit explains personal-finance topics using the assumptions, examples, calculator logic, and cited sources shown on the page. Where a topic depends on tax, regulatory, government, lender, or product rules, readers should verify the latest position with the relevant official source before acting.
The content on this page is provided for general informational and educational purposes only. It does not constitute personalized financial, tax, legal, investment, or loan advice. RupeeKit does not guarantee returns, tax savings, rankings, or loan approval.