mStock Charges 2026: Brokerage, AMC, DP & F&O (Review)
Mstock demat account review: opening fee ₹0, AMC ₹0 after one-time ₹1,299 + GST lifetime operating-charge activation; otherwise ₹219 + GST/quarter, and brokerage charges updated May 2026. Informational only—not investment advice.
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mStock charges ₹0 to open an account and ₹0 AMC, with no operating charges. Brokerage is a flat ₹10 per order on every segment: delivery, intraday, futures and options. New accounts pay ₹0 brokerage for the first 30 days. DP charges are ₹18 + GST per debit on a sell, and MTF interest starts at 8.99% a year.
By Ajay Bohra · About the author
Last updated: October 2026
This page lists the mStock charges Indian investors pay: brokerage by segment, taxes and exchange fees, account and demat charges, and three worked examples that add up the total cost of a trade. Rates were checked against mStock’s published charges in October 2026. Charges change, so confirm on mStock before you trade. This is information, not investment advice.
mStock brokerage charges by segment
| Segment | Brokerage per executed order |
|---|---|
| Equity delivery | ₹10 per order |
| Equity intraday | ₹10 per order |
| Futures | ₹10 per order |
| Options | ₹10 per order |
| Call and trade | ₹0 |
mStock advertises ₹0 brokerage for the first 30 days after you open an account; the flat ₹10 per order applies after that. Direct mutual funds carry no fees.
Taxes and exchange charges on mStock trades
These are charged on top of brokerage by the government and the exchanges. They are the same at every broker, apart from small differences in how brokers round and bill them.
| Charge | Equity delivery | Equity intraday | Futures | Options |
|---|---|---|---|---|
| STT | 0.1% on buy and sell | 0.025% on sell | 0.05% on sell | 0.15% on sell premium |
| Exchange transaction charge (NSE) | 0.00307% | 0.00307% | 0.00183% | 0.03553% of premium |
| Stamp duty (buy side) | 0.015% | 0.003% | 0.002% | 0.003% |
| SEBI turnover fee | ₹10 per crore | ₹10 per crore | ₹10 per crore | ₹10 per crore |
| GST | 18% on brokerage, exchange and SEBI charges | 18% | 18% | 18% |
mStock account, demat and other charges
| Charge | Amount |
|---|---|
| Account opening | ₹0 |
| Demat AMC and operating charges | ₹0 |
| DP charge on selling shares | ₹18 + GST per debit transaction on sells |
| MTF (Pay Later) interest | From 8.99% a year |
| MTF pledge creation and closure | ₹32 per pledge sequence number per day + GST |
| Pledge shares for margin | Creation ₹0, closure ₹32 per pledge sequence number per day + GST; interest 0.0274% a day |
| RMS square-off of open intraday positions | ₹100 per executed order + GST |
| Interest on delayed payment | 0.049% a day on the debit balance |
| Account closure, reactivation, demat and remat | No charge |
mStock charges: three worked examples
Each example adds up every charge on a round trip (buy and sell). The delivery and intraday examples buy and sell ₹1,00,000 of shares once each. The options example buys premium worth ₹50,000 and sells it for ₹60,000. Amounts are rounded to the nearest paisa and leave out tiny exchange investor-protection levies.
| Charge | Delivery (₹1,00,000 buy and sell) | Intraday (₹1,00,000 buy and sell) | Options (₹50,000 buy, ₹60,000 sell) |
|---|---|---|---|
| Brokerage | ₹20.00 | ₹20.00 | ₹20.00 |
| STT | ₹200.00 | ₹25.00 | ₹90.00 |
| Exchange transaction charges | ₹6.14 | ₹6.14 | ₹39.08 |
| SEBI turnover fee | ₹0.20 | ₹0.20 | ₹0.11 |
| Stamp duty | ₹15.00 | ₹3.00 | ₹1.50 |
| GST | ₹4.74 | ₹4.74 | ₹10.65 |
| DP charge on the sell | ₹21.24 | ₹0.00 | ₹0.00 |
| Total charges | ₹267.32 | ₹59.08 | ₹161.35 |
| Total as % of turnover | 0.267% | 0.059% | 0.147% |
Two things stand out. A flat ₹10 per order is cheaper than the ₹20 flat fee at many brokers for small orders, but unlike brokers with free delivery it also applies to delivery trades. STT is still the largest cost on a delivery trade. Profit or loss on the trade itself is not included, and neither is income tax on gains.
How mStock charges compare
Brokerage, AMC and DP charges are where brokers differ. Put your own order sizes into the brokerage calculator or see the broker comparisons hub.
Who should read this mStock review
Active traders who place many small orders see the benefit of the flat ₹10 fee. Long-term investors pay ₹10 on every delivery order, so compare with brokers that offer free delivery. This is not personalised investment advice.
mStock charges: FAQs
What are mStock brokerage charges?
A flat ₹10 per order on equity delivery, intraday, futures and options. New accounts get ₹0 brokerage for the first 30 days.
Is mStock delivery free?
Only during the first 30 days of a new account. After that, delivery orders cost ₹10 each.
What is the mStock account opening fee?
₹0.
What is the mStock demat AMC?
₹0. mStock lists zero operating charges.
What are mStock DP charges?
₹18 + GST per debit transaction when you sell shares.
What is the mStock MTF interest rate?
Pay Later (MTF) interest starts at 8.99% a year, with an unlimited holding period on eligible stocks. Pledge creation and closure for MTF cost ₹32 per pledge sequence number per day, plus GST.
Does mStock charge for call and trade?
No. Call and trade charges are listed as zero.
How much STT do I pay on mStock?
STT is set by the government: 0.1% on buy and sell for delivery, 0.025% on the sell side for intraday, 0.05% on the sell side for futures and 0.15% on the sell premium for options.
Sources
mStock’s published charges: mstock.com pricing page. STT, stamp duty, SEBI turnover fee and exchange transaction charges follow the rates set by the government, SEBI and the exchanges.
Brokerage, AMC, and statutory charges change. This page is for information and education only, not investment advice.
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