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India Infoline (IIFL) Vs Zerodha Share Broker Comparison

The side-by-side comparison of India Infoline Limited and Zerodha stock brokers in India. The comparison below highlights the similarities and differences between India Infoline (IIFL) and Zerodha's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among India Infoline (IIFL) and Zerodha.

  India Infoline Limited Zerodha
 
India Infoline Limited Logo Zerodha Logo
About the Broker Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading. IIFL off... Know more about India Infoline Limited Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed... Know more about Zerodha
Type of Broker Full Service Broker Discount Broker
Supported Exchnage NSE, BSE, MCX NSE, BSE, MCX and NCDEX
Account Type Standard Account Standard Plan
Broker Enquiry Open an Online Trading Account with India Infoline (IIFL). Leave your contact info and we will get in touch with you. Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  India Infoline Limited Zerodha
Trading Account Opening Fees ₹750 ₹300
Trading Account AMC ₹0 ₹0 (Free)
Demat Account Opening Fees ₹555 ₹100
Demat Account AMC ₹ 555 (One time) ₹300
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  India Infoline Limited Zerodha
Account Type Standard Account Standard Plan
Fixed Charges
Equity Delivery Brokerage 0.50% ₹0 (Free)
Equity Intraday Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage 1% of Premium or ₹100 per lot whichever is high ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage Rs 25 per lot ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot whichever is high ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Other Charges

Minimum Brokerage Charges Rs 0.05 per share ₹0
Other Brokerage Charges Advisory SMS - Rs 50 per month Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges Rs 50 per call ₹20 per executed order
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Taxes

  India Infoline Limited Zerodha
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  India Infoline Limited Zerodha
Equity Delivery 0.00325% NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Intraday 0.00325% NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Futures 0.0021% NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Options 0.051% on premium NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium)
Currency Futures 0.0021% NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)
Currency Options 0.051% on premium NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity 0.0028% Group A - ₹260 per Cr (0.0026%)
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Exposure

  India Infoline Limited Zerodha
Equity Delivery Upto 3x with 18% interest per year 1x (no margin)
Equity Intraday Upto 20x Up to 20x (based on the stock)
Equity Futures Upto 3x Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options 3x for shorting Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures Upto 2x Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options 2x for shorting Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Upto 3x Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
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Share Broker Features

  India Infoline Limited Zerodha
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform TT Exe, TT Web, IIFL Markets Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile
Intraday Square-off Time 3:10 PM
Other Features Market Mantra, Loyalty Points Direct Mutual Funds, APIs
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Broker Ratings (Average User Rating)

  India Infoline Limited Zerodha
  103 Customer Reviews    Rate India Infoline (IIFL) 330 Customer Reviews    Rate Zerodha
Fees Ratings 2.9 3.8
Trading Brokerage Rating 2.7 4.4
Trading Platform Usability 3.3 3.6
Customer Service Ratings 2.7 3.5
Overall Ratings Rated 2.7 stars Rated 3.7 stars
Broker Rating India Infoline (IIFL) is Rated 2.7 / 5 based on 103 customer reviews Zerodha is Rated 3.7 / 5 based on 330 customer reviews
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Contact Broker / Request A Call Back

  India Infoline Limited Zerodha
Contact / Request Call Back
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Investment Options Available

  India Infoline Limited Zerodha
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Bond / NCD No
Debt Yes No
Other Investment Options
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Customer Service Offered

  India Infoline Limited Zerodha
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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Order Type

  India Infoline Limited Zerodha
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No
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Research / Tips / Reports Published

  India Infoline Limited Zerodha
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  India Infoline Limited Zerodha
Casual Investor Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  India Infoline Limited Zerodha
Pros
  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

More Advantages...

  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms made available for free to all its customers.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • 10% referral credit for reffering new customers.
  • Direct Mutual Fund Investment is available.
  • Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.

More Advantages...

Cons
  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.

More Disadvantages...

  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra Rs 20 order.
  • Doesn't provide options to invest in IPO, Bond and NCD's public offers.
  • Margin funding is not available.
  • GTC/GTD not available in Equity.

More Disadvantages...

Reviews Useful Articles about Zerodha:
Promo / Offers Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer

Truly free equity delivery trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.

Enquire about India Infoline (IIFL) Enquire about Zerodha
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