Full-service brokerBest for West India investors wanting regional service

Monarch Networth

0.50% delivery / 0.05% intraday

★ 3.5

Our rating

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Account opening

Free (₹0)

AMC

₹400/yr

Brokerage

0.50% delivery / 0.05% intraday

Delivery

0.50%

Intraday

0.05%

DP Charges

₹20 + GST

SEBI registered broker · Reg. no. INZ000004387 — verified from the NSE/BSE member list and SEBI records.

Why 3.5 out of 5

Our score = 40% cost + 20% charge transparency + 20% support & platform + 20% our own account-opening experience.

Cost (brokerage + hidden charges) (40%)3.3
Charge transparency (20%)3.5
Support & platform (20%)3.6
Our account-opening experience (20%)3.6

Our five-point check

Account opening chargesFree - VerifiedOnline or branch opening. Source: monarchnetworth.com
AMC (annual maintenance)₹400/yr - VerifiedStandard AMC.
Equity delivery0.50% - VerifiedPercentage delivery brokerage.
Intraday & F&O0.05% - VerifiedPercentage intraday brokerage.
Hidden chargesCall & trade ₹30Phone orders carry fee per tariff.

How we reviewed: Charges verified from the broker's official website as on 20 Oct 2026. SEBI registration verified from NSE/SEBI records. We do not copy reviews from other portals.

Features

Gujarat & west India strengthResearch desk

Pros

+Strong regional service in Gujarat and western India.

Cons

−National platform tooling average.

Charge list

Equity delivery	0.50%
Equity intraday	0.05%
F&O	Per-contract slabs

Markets & segments

Equity · F&O · Currency · Commodity

Full review

Monarch Networth regional full-service broker. Charges from monarchnetworth.com/charges. SEBI INZ000004387.

Verification & Data Sources:

Source: https://www.mnclgroup.com/brokerage-calculator-india

Last Verified: 20 Oct 2026 | Verified from monarchnetworth.com/charges