Zerodha vs Dhan

Complete charge comparison — every fee, calculated. ₹50,000 delivery trade baseline.

★ Editor's Pick

Discount

Zerodha

₹126.85

Total cost on ₹50K delivery trade

Discount

Dhan CHEAPER

₹126.26

Total cost on ₹50K delivery trade

VERDICT — ₹50,000 DELIVERY TRADE

Dhan costs ₹0.59 less on a ₹50,000 delivery trade. Both charge zero delivery brokerage. The difference is entirely in DP charge and AMC. On an annual basis, Dhan saves ₹110 for a long-term investor making 5 delivery trades per month.

Side-by-Side Charge Comparison

Charge	Zerodha	Dhan	Difference
Delivery Brokerage	Zero	Zero	Same
Intraday Brokerage	0.03% or ₹20	0.03% or ₹20	Same
F&O Options	₹20/order	₹20/order	Same
DP Charge	₹15.34/scrip	₹14.75/scrip	₹0.59 gap
AMC / year	₹88.50/yr	Free	Differs
MTF Interest	14.6% p.a.	12.49% p.a. (up to ₹5L)	Differs
API Access	₹2,000/mo (Kite Connect)	Free (Dhan HQ)	—
Call & Trade	₹59	₹59	—
Networth	₹13,500 Cr	Not filed publicly	Financial strength
Total (₹50K delivery)	₹126.85	₹126.26	₹0.59 gap

Annual Cost — Long-Term Investor

	Zerodha	Dhan
Annual cost	₹7332/yr	₹7222/yr
Cheaper by	Dhan saves ₹110/year

Choose Zerodha if you...

Long-term investors
Options traders
Algo traders
Active intraday traders

Choose Dhan if you...

Long-term investors
Beginners
MTF users
Cost-conscious traders

More Comparisons

Zerodha vs Groww Zerodha vs Angel One Zerodha vs Upstox Zerodha vs HDFC Securities Zerodha vs ICICI Direct Zerodha vs Kotak Securities Zerodha vs Fyers Zerodha vs 5paisa Zerodha vs mStock Dhan vs Groww Dhan vs Angel One Groww vs Angel One

Charges sourced from official broker websites and NSE filings. Regulatory charges (STT, exchange fee, SEBI fee, stamp duty = ₹111.24 on ₹50K delivery) are identical at every broker. Budget 2026: futures STT raised to 0.05%, options STT to 0.15%, effective April 1 2026. Always verify current charges before trading. Not investment advice.