Broker comparison
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| Attribute | Monarch Networth | Zerodha |
|---|---|---|
| Brokerage | 0.50% delivery / 0.05% intraday | ₹20 / Intraday & F&O order |
| Type | Full-service broker | Discount broker |
| Account opening | Free (₹0) | Free (₹0) |
| AMC | ₹400/yr | ₹300/yr |
| Equity delivery | 0.50% | ₹0 |
| Intraday / F&O | 0.05% | ₹20 per order |
| DP charges | ₹20 + GST | ₹13.5 + 18% GST = ₹15.93 per ISIN |
| SEBI registration | INZ000004387 | INZ000031633 |
| Charges last verified | 20 Oct 2026 | 20 Oct 2026 |
| Our rating | Rating 3.5 | Rating 4.8 |
| Best for | West India investors wanting regional service | Self-directed traders who want the lowest cost per order |
| Hidden charges to watch | Call & trade ₹30; advisory packs | DP charges ₹13.5 + GST per scrip when you sell; call & trade ₹50 per order |
| Segments | Equity, F&O, Currency, Commodity | Equity, F&O, Currency, Commodity, Mutual funds |
| F&O (all segments) | Per-contract slabs | ₹20 per order |
| Highlights | Gujarat & west India strength, Research desk | Kite web & mobile, Coin mutual funds, Varsity learning, Kite Connect API |
| Open account | Monarch Networth | Zerodha |
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