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Zerodha Vs Compositedge - Brokerage and Demat Charge Comparision

List of All Articles | Compare Top Stock Brokers in India | IPO Dashboard

By Chittorgarh.com Team on 7/16/2012 12:32:18 PM

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 - 490/crore Equity Intraday - 490/crore Equity Futures - 490/crore Equity Options - 8000/crore premium Currency Futures - 440/crore Currency Options 440/crore Commodity Futures - 440/crore	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	0.0001% on Cash,Futures,Options and Currencies (Or Rs 10 / Crore)	0.0001% on Cash,Futures,Options and Currencies (Or Rs 10 / 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

Also Visit:

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

3. Virag Apr 08, 2013 4:03:28 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 8:38:16 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 1:37:47 PM IST

zerodha is much better value than composite, go with zerodha.