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Zerodha Vs Compositedge - Brokerage and Demat Charge Comparision

Posted on 8/5/2014 12:31:57 PM by Chittorgarh.com Team

Zerodha and Composite Investment (Compositedge) are two flat fee discount brokers. Both are Bangalore, India based brokers providing trading facilities in Equity, Commodity and Currency segments.

Zerodha and Compositedge are two popular brokerage firms in Bangalore. Zerodha charges Rs 20 per trade and Compositedge charges Rs 25 per to Rs 15 trade.

Below detailed comparison table shows how Zerodha and Compositedge are different. You should identify the segment you mainly trade and look at the differences carefully to find out which brokers can save more money for you.

Note that both the brokers are equally safe as they are registered with SEBI, NSE, BSE, MCX etc. The trading platforms and back office they provide are also same.

Trading Account Charges:

ID Transaction Zerodha Composite Investment
1 Trading Account Opening Charges Rs 200 for Online Application
Rs 300 for Request an Application.
Rs 300 for Online Application & Offline Application (Editable PDF Form). Rs 500 for Request an Application.
  Brokerages    
2 Equity Delivery Based Trades 0.100% or Rs 20 per trade whichever is lower Rs 25 to Rs 15 per trade
3 Equity Intraday Trades 0.010% or Rs 20 per trade whichever is lower Rs 25 to Rs 15 per trade or 0.006% whichever is lower
4 Equity Future 0.010% or Rs 20 per trade whichever is lower Rs 25 to Rs 15 per trade or 0.006% whichever is lower
5 Equity Options 0.010% or Rs 20 per trade whichever is lower (on Turnover) Rs 25 to Rs 15 per trade or 0.006% whichever is lower
6 Commodity Future 0.010% or Rs 20/Trade whichever is lower Do not provide Commodity Trading
7 Currency Future 0.010% or Rs 20/Trade whichever is lower Rs 25 to Rs 15 per trade or 0.006% whichever is lower
  Taxes    
8 Security Transaction Tax (STT) Equity Delivery - 0.125% on both Buy and Sell
Equity Intraday - 0.025% on the Sell Side
Equity Futures - 0.017% on Sell Side
Equity Options - 0.017% on Sell Side(on Premium)
Currency Futures - No STT
Currency Options - No STT
Commodity Futures - No STT
Equity Delivery - 0.100% on both Buy and Sell
Equity Intraday - 0.025% on the Sell Side
Equity Futures - 0.017% on Sell Side
Equity Options - 0.017% on Sell Side(on Premium)
Currency Futures - No STT
Currency Options - No STT
Commodity Futures - No STT
9 Transaction Charges Equity Delivery - NSE: 0.00325% | BSE: 0.00325% | MCX-SX: 0.002%
Equity Intraday - NSE: 0.00325% | BSE: 0.00325% | MCX-SX: 0.002%
Equity Futures - NSE: 0.0021% | BSE: 0.0007% | MCX-SX: 0.0014%
Equity Options - NSE: 0.053% | BSE: 0.0025% | MCX-SX: 0.027% (on premium)
Currency Futures - NSE: 0.00135% | MCX-SX: 0.0013%
Currency Options - NSE: 0.044% | MCX-SX: 0.037%
Commodity Futures - Non-Agri: 0.0031% | Agri: 0.00175%
Equity Delivery - Rs 450/crore
Equity Intraday - 450/crore
Equity Futures - 450/crore
Equity Options - 8000/crore premium
Currency Futures - 375/crore
Currency Options - 375/crore
Commodity Futures - NA
10 Service Tax 12.00% on (Brokerage + Transaction Charge) 12.36% on (Brokerage + Transaction Charge)
10.1 Higher Education Cess 1% of Service Tax NIL
11 Stamp Charges Rs 50 or 0.01% whichever is lower on turnover as per Govt. of Karnataka Rs 50 or 0.01% whichever is lower on turnover as per Govt. of Karnataka
12 SEBI Fees 0.0002% on Cash,Futures,Options and Currencies (Or Rs 20 / Crore) 0.0002% on Cash,Futures,Options and Currencies (Or Rs 20 / Crore)
  Other Trading Account Related Charges    
13 Online trade confirmation Free Free
14 Online account statement Free Free
15 Paper account statement / confirmation Do not provide Rs 50
16 Paper duplicate trade confirmation Do not provide Rs 50
17 Paper duplicate account statement Do not provide Rs 50
18 Online Funds Transfer to us Rs 9 per transcation + service tax Rs 15 per transaction.
19 Funds Pay-out Charges Free Free
20 Cheque withdrawal Free Free (Courier Charges Rs 30)
21 Cheque Bounce Charges Applicable bank charges Rs 100
22 Account closing fee Free Free
23 Account maintenance fee (AMC) Free Free
24 Inactivity fee Free Free
25 E-Contract Note( Digitally signed) Free Free
26 Physical Contract Note Rs 20 per contract + Courier Charges Rs 50 per contract
27 Any other Statements - Rs 50
28 Penalty on Delivery Shortage towards Sale As per exchange rules. As per exchange rules.
29 Audited Statement for Referral commission Do not provide Do not provide
30 Delayed Payment 18% P.A. 18% P.A.
31 Penalty on Margin Shortage in F&O As per Exchange debit at actuals. As per Exchange debit at actuals.
32 Call & Trade Additional charges of Rs 20 per executed order Additional charges of Rs 25 per executed order

Demat Account Charges:

ID Transaction Zerodha Composite Investment
1 Demat Account Opening Charges Rs 300 Rs 100
2 Stamp Charges payable upfront (at actuals) - NIL
3 Custody Charges - NIL
4 Annual Maintenance Charges (AMC):    
  a. Individuals Rs 400 Per Year + Service Tax Rs 300 Per Year + Service Tax
  b. Corporates Rs 7000 up front. There would be no AMC charged to the account after that. Rs 300 + Rs 500 (CDSL Charges) + Service Tax
5 Transaction Charges per ISIN:    
  a. Buy (Receive) NIL 0.02% or Rs 10 whichever is higher
  b. Sell(Debit) Rs 8 + NSDL charges(Rs 5) flat for every debit transaction 0.03% or Rs 10 whichever is higher + Rs 5.50 (CDSL Charges)
6 Inter Depository Transfer:    
  a. Buy (Receive) NIL NIL
  b. Sell(Debit) Rs 8 + NSDL charges(Rs 5) flat for every debit transaction 0.02% or Rs 8 whichever is higher + Rs 5.50 (CDSL Charges)
7 Demat (Per certificate) Rs 2 + Rs 35 as courier charges Rs 2 + Rs 30 as courier charges
8 Remat (Per ISIN) Rs 25 per certificate or 0.5% of the value whichever is higher + Rs 9 (depository charges) Rs 15 + Rs 10 for every 100 shares or part thereof or a flat fee of Rs 10 per certificate whichever is higher (CDSL Charges)
9 Courier charges per Demat/ Remat request Rs 35 Rs 30
10 Pledge per ISIN 0.02% of the transation charges subject to minimum of Rs 50 + Rs 9 (depository charges) Rs 20 + Rs 12 per request (CDSL Charges)
11 Unpledge per ISIN 0.02% of the transation charges subject to minimum of Rs 50 + Rs 9 (depository charges) Rs 20 + Rs 12 per request (CDSL Charges)
12 Pledge Invocation per ISIN 0.05% of the transation charges subject to minimum of Rs 50 + Rs 9 (depository charges) Rs 20
13 Periodic Statement:    
  a. By Email Free Free
  b. Physical Rs 35 (Couier Charges) Rs 30 (Courier Charges)
14 Adhoc / Non Periodic Statement Requests:    
  a. By Email - Rs 50 per request
  b. Physical Rs 25 per request upto 10 pages. Every additional 5 page at Rs 5 + Rs 35 (Courier Charges) Rs 50 per request upto 10 pages. Every additional page at Rs 5 + Rs 30 (Courier Charges)
15 Delivery Instructions:    
  a. First Delivery Instruction Book (10 leaves) - Free
  b. Every Additional Booklet - Rs 30 (Courier Charges)
  c. Transfer through "easiest" (online) - Free
16 Late Transaction Fee - NIL
17 Cheque Bounce/ Per cheque Charges will be applied based on charges as determinded by our bank Rs 100
18 Failed Transactions Rs 50 per transaction Rs 50 per ISIN
19 Account Closure - NIL

Other key differences:

ID Transaction Zerodha Composite Investment
1 Stock Trading Available at NSE BSE, NSE
2 Commodity Trading Yes [MCX] Do not provide
3 Currency Trading Yes Yes
4 3-in-1 Account Do not provide Do not provide
5 Demat Account (DP Services) Do not provide Own DP Services
6 Accept stocks as Margin for Futures trading No Yes

Open an account with Zerodha

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Disclaimer: The information on this webpage is validated by both the brokers on 17 July 2012 but subject to change without any notices. Please consult broker and check the prices once again before you open the account.


User Comments

   
4.  Sanyal      May 23, 2013 3:09:55 PM IST
Composite is much better than zerodha 
3.  Virag      Apr 08, 2013 3:03:28 PM IST
Which is better in Zerodha Vs Compositedge ?

Figures shows Compositedge is cheaper than Zerodha, and all services looks same where BSE trading and Margin option available in Compositedge but not in Zerodha. 
2.  Kamal      Nov 17, 2012 7:38:16 AM IST
If you want to do both delivery and intraday trades, then Zerodha is the best, but if you want only intraday trades, then it is Compositedge 
1.  oldtrader      Aug 08, 2012 12:37:47 PM IST
zerodha is much better value than composite, go with zerodha. 


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