In the share market for transactions, be it buy or sell, requires a stock brokers and broker’s intervention who works as an agent between market and market participants. Security and Exchange Board of India popularly known as SEBI is the agency that regulates Stockbrokers and they need to register themselves with SEBI. There are a lot of Share brokers who have a Pan India Presence and they offer a wide range of plans and products to place them in the top 10 stock brokers in India.
These brokers are broadly divided into 2 segments, One “Full-Service brokers or Traditional Brokers” and the second one is “Discount brokers”.
A full-service broker can be worth the cost if you don’t have financial experience or if you want the comfort of a hand to hold. Perhaps the biggest benefit of a full-service firm is having access to a pro who can guide you through the process
A discount broker is a stock broker who carries out buy and sell orders at reduced commission rates compared to a full-service broker. However, a discount broker does not provide investment advice or perform analysis on a client’s behalf, unlike a full-service broker.
Here we will discuss few Top Full Service Broker in India
Zerodha
Zerodha Broking Limited is an Indian financial services company offering retail brokerage, currencies and commodities trading, mutual funds, and bonds. Founded in 2010, the company is headquartered in Bangalore. There are some initial charges to avail their service
Account opening charge – 300rs
Account maintenance Charge – 300Rs
Call & Trade Charge – 50Rs
Upstox
Upstox is an online trading platform. Financial services provided are online from a remote location. Using an online business model helps the company offer low-cost brokerage plans while keeping operational costs minimal. The platform offers a range of trading features, including charting, analysis, as well as trading. Upstox has gained partnerships with other investors such as Tiger Global, Kalaari Capital, and Ratan Tata. The company is registered with stock exchanges such as NSE.
There are some initial charges to avail their service
Account opening charge – Free
Account maintenance Charge – Free
Equity Delivery Brokerage – 2.5%
Equity Trading Brokerage – 0.05%
Angel One
Angel One Limited, formerly known as Angel Broking Limited, is an Indian stockbroker firm established in 1996. The company is a member of the Bombay Stock Exchange, National Stock Exchange of India, National Commodity & Derivatives Exchange Limited and Multi Commodity Exchange of India Limited.
Account opening charge – Free
Account maintenance Charge – 240Rs
Equity Delivery Brokerage – Zero
Equity Intraday Brokerage – 0.25%
ICICI Direct
ICICIdirect is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. The services offered include equity, commodity, and currency trading at BSE, NSE, and MCX.
Account opening charge – Free
Account maintenance Charge – 700 Rs
Equity Delivery Brokerage – 0.18%
Equity Intraday Brokerage – 0.018%
Groww
Groww is an online investment platform that allows investors to invest in mutual funds and stocks. Headquartered in Bangalore, Karnataka, the company has raised over $140 million as of April 2021, at a valuation of $1 billion.
Account opening charge – Free
Account maintenance Charge – Free
Equity Delivery Brokerage – 0.05%
Equity Intraday Brokerage – 0.05%
Apart from these there are so many broker companies in India who are giving more service and benefits to their members. Like : 5 Paisa , HDFC Securities, Kotak Securities, Motilal Oswal, IIFL, Axis Direct and so on..
