The “Zero Brokerage” Illusion in Indian Stock Markets 
With retail participation at all-time highs, many new investors focus on “free delivery” and overlook the hidden secondary costs. While zero brokerage sounds attractive, DP (Depository Participant) charges can quietly reduce your profits—especially if you sell small quantities across multiple stocks.
Here’s a quick comparison of DP charges (per scrip, per day) among leading brokers:
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Zerodha: ₹15.34 -
Groww: ₹23.6
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Angel One: ₹23.6
Key Insight: CDSL charges only ₹3.5 per transaction—the remaining amount goes to the broker as revenue.
For long-term investors, these charges may seem negligible. However, for swing traders or those operating with smaller capital, fixed costs can significantly impact overall returns.
Always read the fine print before selecting your primary broker. In the markets, awareness is your greatest edge.
