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.
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India Infoline Limited |
Zerodha |
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| 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...  |
Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh... |
Type of Broker
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Full Service Broker |
Discount Broker |
| Supported Exchnage
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NSE, BSE, MCX |
NSE, BSE, MCX and NCDEX |
| Account Type
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Standard Account |
Standard Plan |
| Broker Enquiry |
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Stock Broker Fees / Charges
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India Infoline Limited |
Zerodha |
| Trading Account Opening Fees
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₹750 |
₹300 |
| Trading Account AMC
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₹0 |
₹0 (Free) |
| Demat Account Opening Fees
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₹555 |
₹100 |
| Demat Account AMC
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₹300 |
₹300 |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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India Infoline Limited |
Zerodha |
| Account Type |
Standard Account |
Standard Plan |
| Fixed Charges
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| Equity Delivery Brokerage
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0.50% |
₹0 (Free) |
| Equity Intraday Brokerage
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0.05% |
₹20 per executed order or .01% whichever is lower |
| Equity Futures Brokerage
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0.05% |
₹20 per executed order or .01% whichever is lower |
| Equity Options Brokerage
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1% of Premium or ₹100 per lot whichever is high |
₹20 per executed order or .01% whichever is lower |
| Currency Futures Trading Brokerage
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0.05% |
₹20 per executed order or .01% whichever is lower |
| Currency Options Trading Brokerage
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1% of Premium or ₹100 per lot whichever is high |
₹20 per executed order or .01% whichever is lower |
| Commodity Futures Trading Brokerage
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0.05% |
₹20 per executed order or .01% whichever is lower |
| Commodity Options Trading Brokerage
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Other Charges
| Minimum Brokerage Charges
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Rs 0.05 per share |
₹0 |
| Other Brokerage Charges
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Advisory SMS - Rs 50 per month |
Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS |
| Call & Trade Charges
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₹20 per executed order |
Taxes
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India Infoline Limited |
Zerodha |
| Securities Transaction Tax (STT)
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- 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)
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- 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)
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| Exchange Transaction Charges
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Check table below |
Check table below |
| SEBI Charges
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Rs 15 per Crore |
Rs 15 per Crore |
| Goods and Services Tax (GST)
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18% on (brokerage + transaction charges) |
18% on (brokerage + transaction charges) |
| Stamp Duty
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Charged as per the state of the client's correspondence address. |
Charged as per the state of the client's correspondence address. |
Transaction Charges
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India Infoline Limited |
Zerodha |
| Equity Delivery
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0.00325% |
NSE ₹325 per crore | BSE ₹1 per trade (each side) |
| Equity Intraday
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0.00325% |
NSE ₹325 per crore | BSE ₹1 per trade (each side) |
| Equity Futures
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0.0021% |
NSE ₹210 per crore | BSE ₹1 per trade (each side) |
| Equity Options
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0.051% on premium |
NSE ₹5300 per crore | BSE ₹1 per trade (each side) |
| Currency Futures
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0.0021% |
NSE ₹135 per crore (0.00135%) |
| Currency Options
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0.051% on premium |
NSE ₹4400 (on premium) per crore (0.044%) |
| Commodity
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0.0028% |
Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore |
Exposure
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India Infoline Limited |
Zerodha |
| Equity Delivery
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1x (no margin) |
| Equity Intraday
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Up to 20x (based on the stock) |
| Equity Futures
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Futures
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Commodity
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
Share Broker Features
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India Infoline Limited |
Zerodha |
| 3 in 1 Account
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| Charting
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| Automated Trading
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| SMS Alerts
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| Online Demo
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| Online Portfolio
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| Margin Trading Funding Available
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| Margin Against Shares (Equity Cash)
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| Margin Against Shares (Equity F&O)
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| Trading Platform
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Trader terminal |
Kite Web, Kite Android/iOS, Pi, Coin |
| Intraday Square-off Time
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3:10 PM |
| Other Features
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Direct Mutual Funds |
Broker Ratings (Average User Rating)
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India Infoline Limited |
Zerodha |
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102 Customer Reviews  |
327 Customer Reviews |
| Fees Ratings |
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| Trading Brokerage Rating |
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| Trading Platform Usability |
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| Customer Service Ratings |
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| Overall Ratings |
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| Broker Rating |
India Infoline (IIFL) is Rated 2.8 / 5 based on 102 customer reviews |
Zerodha is Rated 3.8 / 5 based on 327 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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India Infoline Limited |
Zerodha |
| Stock / Equity
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| Commodity
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| Currency
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| Initial Public Offers (IPO)
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| Mutual Funds
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| Bond / NCD
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| Debt
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| Other Investment Options
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Customer Service Offered
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India Infoline Limited |
Zerodha |
| 24/7 Customer Service
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| Onine Live Chat
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| Through Branches
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Order Type
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India Infoline Limited |
Zerodha |
| Bracket Order
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| Cover Order
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| Buy Today Sell Tomorrow (BTST)
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| Sell Today Buy Tomorrow (STBT)
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| After Market Order(AMO)
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| Good Till Cancelled (GTC)
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Research / Tips / Reports Published
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India Infoline Limited |
Zerodha |
| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Suitable for Investor Category
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India Infoline Limited |
Zerodha |
| Casual Investor
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| Active Investor
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| Trader
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Pros, Cons and Other Review Comments
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India Infoline Limited |
Zerodha |
| Pros
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- 4000+ branches in 900+ cities make them your neighborhood broker.
- Being a full service broker, they offer wide range of financial products and services.
- IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
- 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
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- SMS alerts at additional ₹249 per month
- Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
- 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
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Useful Articles about Zerodha:
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| Promo / Offers
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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 intranet and F&O trade brokerage. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.
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Enquire about India Infoline (IIFL)
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Enquire about Zerodha
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Zerodha
Zero Account Opening Fee