Sharekhan Vs Zerodha Share Broker Comparison
The side-by-side comparison of Sharekhan and Zerodha stock brokers in India. The comparison below highlights the similarities and differences between Sharekhan 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 Sharekhan and Zerodha.
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Sharekhan |
Zerodha |
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| About the Broker |
Incorporated in February 2000, Sharekhan is India's 3rd largest stock broker (after ICICI Direct and HDFC Securities). Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & f...  |
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... |
Type of Broker
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Full Service Broker |
Discount Broker |
| Supported Exchnage
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BSE, NSE, MSEI, MCX |
NSE, BSE, MCX and NCDEX |
| Account Type
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Classic Account |
Standard Plan |
| Broker Enquiry |
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Stock Broker Fees / Charges
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Sharekhan |
Zerodha |
| Trading Account Opening Fees
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₹0 (Free) |
₹300 |
| Trading Account AMC
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₹0 (Free) |
₹0 (Free) |
| Demat Account Opening Fees
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₹0 (Free) |
₹100 |
| Demat Account AMC
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₹400 (Free for 1st year) |
₹300 |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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Sharekhan |
Zerodha |
| Account Type |
Classic 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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0.10% |
₹20 per executed order or .01% whichever is lower |
| Equity Futures Brokerage
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0.10% |
₹20 per executed order or .01% whichever is lower |
| Equity Options Brokerage
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₹100 per lot |
₹20 per executed order or .01% whichever is lower |
| Currency Futures Trading Brokerage
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0.10% |
₹20 per executed order or .01% whichever is lower |
| Currency Options Trading Brokerage
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₹30 per lot |
₹20 per executed order or .01% whichever is lower |
| Commodity Futures Trading Brokerage
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0.10% |
₹20 per executed order or .01% whichever is lower |
| Commodity Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
Brokerage Plan 2
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Sharekhan |
Zerodha |
| Account Type |
Prepaid - ₹1 Lakh |
Standard Plan |
| Fixed Charges
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₹1,00,000 per year |
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| Equity Delivery Brokerage
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0.10% |
₹0 (Free) |
| Equity Intraday Brokerage
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0.015% |
₹20 per executed order or .01% whichever is lower |
| Equity Futures Brokerage
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0.015% |
₹20 per executed order or .01% whichever is lower |
| Equity Options Brokerage
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0.05% or ₹63 per lot |
₹20 per executed order or .01% whichever is lower |
| Currency Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
| Currency Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
| Commodity Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
| Commodity Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
Brokerage Plan 3
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Sharekhan |
Zerodha |
| Account Type |
Margin - ₹1 Lakh |
Standard Plan |
| Fixed Charges
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₹1,00,000 margin |
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| Equity Delivery Brokerage
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0.25% |
₹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% or ₹70 per lot |
₹20 per executed order or .01% whichever is lower |
| Currency Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
| Currency Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
| Commodity Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
| Commodity Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
Other Charges
| Minimum Brokerage Charges
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Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future ₹0.001 per share |
₹0 |
| Other Brokerage Charges
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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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Sharekhan |
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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Sharekhan |
Zerodha |
| Equity Delivery
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NSE ₹325 | BSE ₹275 |
NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) |
| Equity Intraday
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NSE ₹325 | BSE ₹275 |
NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) |
| Equity Futures
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NSE ₹190 | BSE ₹50 |
NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side) |
| Equity Options
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NSE ₹5000 | BSE ₹50 |
NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium) |
| Currency Futures
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NSE ₹135 | MCX ₹130 |
NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) |
| Currency Options
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NSE ₹4220 | MCX ₹3220 |
NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium) |
| Commodity
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MCX (Non-Agri) ₹230 | MCX (Agri) ₹95 |
Group A - ₹260 per Cr (0.0026%) |
Exposure
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Sharekhan |
Zerodha |
| Equity Delivery
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6.67x for A group stock | 5x to 2.5x for B group stock |
1x (no margin) |
| Equity Intraday
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10x for A & B group stock |
Up to 20x (based on the stock) |
| Equity Futures
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66.67x for Indices futures | 40x to 22.5x for stock futures |
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options
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0x |
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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Sharekhan |
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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TradeTiger |
Kite Web, Kite Android/iOS, Pi, Coin |
| Intraday Square-off Time
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3:30 PM |
3:10 PM |
| Other Features
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Direct Mutual Funds |
Broker Ratings (Average User Rating)
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Sharekhan |
Zerodha |
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276 Customer Reviews  |
329 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 |
Sharekhan is Rated 3.3 / 5 based on 276 customer reviews |
Zerodha is Rated 3.8 / 5 based on 329 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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Sharekhan |
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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Loans, NRI Trading |
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Customer Service Offered
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Sharekhan |
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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Sharekhan |
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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Sharekhan |
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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Sharekhan |
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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Sharekhan |
Zerodha |
| Pros
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- It has a strong network of over 1950 branches across India.
- The fund transfer from and to the trading account is free.
- The share transfer from and to the DP account is free when trading from Sharekhan trading account.
- The 'TradeTiger' is the most popular trading terminal in India.
- Brokerage Plan "Prepaid AMC schemes" are available for high volume traders.
- Stock SIP is available.
- Loan against shares, margin funding, ipo financing and ESOP funding is available.
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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- Sharekhan doesn't offer 3-in-1 account as it doesn't offer banking services.
- Sharekhan brokerage is high in comparison to the discount brokers.
- Sharekhan charges ₹400 as AMC for trading account in addition to ₹400 for demat 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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Free Trading & Demat Account (for limited time only)
Sharekhan offers FREE Trading + Demat Account (₹1150 waived). You can also avail of attractive trading plans that suit your needs by just paying the AMC charges that are fully adjustable against brokerage. Thereby saving up to 70% on brokerage.
This is a limited time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.
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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 Sharekhan
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Enquire about Zerodha
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Zerodha
Zero Account Opening Fee