Zerodha vs mStock

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

★ Editor's Pick

Discount

Zerodha CHEAPER

₹126.85

Total cost on ₹50K delivery trade

Discount

mStock

₹132.75

Total cost on ₹50K delivery trade

VERDICT — ₹50,000 DELIVERY TRADE

Zerodha costs ₹5.90 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, Zerodha saves ₹383 for a long-term investor making 5 delivery trades per month.

Side-by-Side Charge Comparison

Charge	Zerodha	mStock	Difference
Delivery Brokerage	Zero	Zero	Same
Intraday Brokerage	0.03% or ₹20	₹5 flat	Differs
F&O Options	₹20/order	₹5/order	Differs
DP Charge	₹15.34/scrip	₹21.24/scrip	₹5.9 gap
AMC / year	₹88.50/yr	₹259/quarter	Differs
MTF Interest	14.6% p.a.	15.0% p.a.	Differs
API Access	₹2,000/mo (Kite Connect)	Not offered	—
Call & Trade	₹59	Free	—
Networth	₹13,500 Cr	Not filed	Financial strength
Total (₹50K delivery)	₹126.85	₹132.75	₹5.90 gap

Annual Cost — Long-Term Investor

	Zerodha	mStock
Annual cost	₹7332/yr	₹7715/yr
Cheaper by	Zerodha saves ₹383/year

Choose Zerodha if you...

Long-term investors
Options traders
Algo traders
Active intraday traders

Choose mStock if you...

High-frequency intraday traders

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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.