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Upstox vs Indmoney vs Dhan
In this article, we will review ‘Upstox vs Indmoney vs Dhan‘ on the basis of Brokerage charges, Account maintenance charges, Investment options, Customer service, User reviews, Research and analysis, broker’s track record & reputation.
Company Overview
| |
|
Company name
|
Upstox- RKSV Securities India Private Limited (RSIPL)
Indmoney- Finzoom Investment Advisors Private Limited
Dhan |
|
Headquarters
|
Delhi
Gurugram, Haryana
Mumbai |
|
Founder
|
Ravi Kumar
Ashish Kashyap
Mr Pravin Jadhav |
|
Establishment Year
|
April 6, 2009
2019
2021 |
Account opening & AMC
| |
|
Account Opening Fee
The account opening fee, also known as account setup charges, refers to the one-time charge levied by a brokerage firm when you open a new Demat and trading account to invest in securities like stocks, bonds, or ETFs. These fees can vary depending on the type of account, the brokerage firm, and any current promotions or offers. |
₹0
₹0
₹0 |
|
Annual Maintenance Charges (AMC)
This is a yearly fee levied by the depository participant (DP) to maintain your Demat account, where your shares are held electronically. |
₹0
₹0
₹0 |
Pledge Charges
| |
|
Pledge Creation Charges
|
₹20 + GST per scrip for Equity & ₹50 + GST per scrip for pledging Futures buy and sell and Options Sell orders only
Does not provide
₹ 12.5 / transaction / ISIN + GST |
|
Pledge Invocation Charges
|
₹50 + GST per scrip for unpledging
Does not provide
₹ 12.5 / transaction / ISIN + GST |
|
Interest on Margin Trading
|
₹20/day for every slab of ₹40,000 taken as MTF
Does not provide
0.0438% per day on outstanding MTF and non MTF debit and non maintenance of 50:50 margin |
|
Margin Re-Pledge
|
₹20 + GST per scrip for Equity
Does not provide
₹ 12.5 / transaction / ISIN + GST |
Brokerage charges & Fees
| |
|
Brokerage Plan
|
Standard
Standard
Standard |
|
Equity Delivery Charges
|
₹20 or 2.5% whichever is lower
₹20 or 0.05% whichever is lower
₹0 |
|
Equity Intraday Charges
|
₹20 per executed order or 0.05% (whichever is lower)
₹20 or 0.05% whichever is lower
₹20 or 0.03% per executed order whichever is lower |
|
Equity Futures charges
|
₹20 per executed order or 0.05% (whichever is lower)
Flat ₹20 per executed order
₹20 or 0.03% per executed order whichever is lower |
|
Equity Options charges
|
Flat ₹20 per executed order
Flat ₹20 per executed order
₹20 per executed order |
|
Currency Futures charges
|
₹20 per executed order or 0.05% (whichever is lower)
Does not offer
₹20 or 0.03% per executed order whichever is lower |
|
Currency Options charges
|
Flat ₹20 per executed order
Does not offer
₹20 per executed order |
|
Commodity Futures charges
|
₹20 per executed order or 0.05% (whichever is lower)
Does not offer
₹20 or 0.03% per executed order whichever is lower |
|
Commodity Options charges
|
Flat ₹20 per executed order
Does not offer
₹20 per executed order |
Customer services offered
| |
|
Demat Services
|
✅Yes
✅Yes
✅Yes |
|
Trading Services
|
✅Yes
✅Yes
✅Yes |
|
Intraday Services
|
✅Yes
✅Yes
✅Yes |
|
F&O Services
|
✅Yes
✅Yes
✅Yes |
|
IPO Services
|
✅Yes
✅Yes
✅Yes |
|
Share Pledging
|
✅Yes
⛔No
✅Yes |
|
NRI Services
|
✅Yes
⛔No
✅Yes |
|
Referral Program
|
✅Yes
✅Yes
✅Yes |
Customer Support
| |
|
Call Support
|
022-41792999: All Trading Days – 8 am to 5 pm
07314852049
+91 9987761000 (9:00 am to 6:00 pm on Market Trading days) |
|
Email Support
|
support@upstox.com: All Trading Days – 8 am to 5 pm
instockssupport@indmoney.com
help@dhan.co (24x7) |
|
Whatsapp Support
|
No
⛔No
⛔No |
|
Website Support
|
Yes, 8AM - 7PM IST, Monday - Saturday
✅Yes, Create ticket
✅Yes, 8 AM to 12 AM (Monday to Friday), 8 AM to 10 PM (Saturday & Sunday) |
Leverage (Margin) Offered
| |
|
Equity Delivery Margin Leverage
|
No leverage available; you need the full purchase value in your account.
No leverage available; you need the full purchase value in your account.
Upto 1.39x depending on the stock (lower leverage for volatile stocks) |
|
Equity Intraday Margin Leverage
|
Leverage ranges from 1x to 5x depending on the stock (lower leverage for volatile stocks)
No leverage available; you need the full purchase value in your account.
Upto 4x depending on the stock (lower leverage for volatile stocks) |
|
Equity F&O Intraday Margin Leverage
|
Leverage is 1.3x across all Equity F&O contracts
No leverage available; you need the full purchase value in your account.
No leverage available; requires full margin upfront |
|
Equity F&O Carry Forward Margin Leverage
|
No leverage available; requires full margin upfront
No leverage available; you need the full purchase value in your account.
No leverage available; requires full margin upfront |
|
Currency F&O Margin Leverage
|
Leverage is 1.3x across all Currency F&O contracts
Does not offer
No leverage available; requires full margin upfront |
|
Commodity F&O Intraday Margin Leverage
|
Leverage is 1.3x across all Commodity F&O contracts
Does not offer
No leverage available; requires full margin upfront |
|
Commodity F&O Carry Forward Margin Leverage
|
No leverage available; requires full margin upfront
Does not offer
No leverage available; requires full margin upfront |
Unique Offerings
| |
|
Free Account Opening
|
✅Yes
✅Yes
✅Yes |
|
Free Brokerage
|
On Mutual Funds and IPOs only
✅Yes, IPOs & Mutual Funds only
✅Yes, On Equity Delivery, ETFs, IPO & Mutual Funds only |
|
Free AMC
|
✅Yes
✅Yes
✅Yes |
|
Free Equity Delivery
|
⛔No
⛔No
✅Yes |
|
Free F&O Trading
|
⛔No
⛔No
⛔No |
|
Free Intraday Trading
|
⛔No
⛔No
⛔No |
|
Free Trading calls
|
⛔No
⛔No
⛔No |
|
Happy Trading Hours
|
⛔No
⛔No
⛔No |
|
Flexible Brokerage Plans
|
⛔No
✅Yes
✅Yes |
|
Referral Offers
|
✅Yes
✅Yes
✅Yes |
|
Margin Funding (MTF)/ Pledging
|
✅Yes
⛔No
✅Yes |
|
Brokerage Cashback
|
⛔No
⛔No
⛔No |
|
Zero Brokerage for Loss Making Trades
|
⛔No
⛔No
⛔No |
|
Relationship Manager
|
⛔No
⛔No
⛔No |
Services Provided
| |
|
Equity Delivery
|
✅Yes
✅Yes
✅Yes |
|
Equity Intraday
|
✅Yes
✅Yes
✅Yes |
|
Equity Futures
|
✅Yes
✅Yes
✅Yes |
|
Equity Options
|
✅Yes
✅Yes
✅Yes |
|
Currency Futures
|
✅Yes
⛔No
✅Yes |
|
Currency Options
|
✅Yes
⛔No
✅Yes |
|
Commodity Futures
|
✅Yes
⛔No
✅Yes |
|
Commodity Options
|
✅Yes
⛔No
✅Yes |
|
Foreign Stocks
|
⛔No
✅Yes
⛔No |
|
Mutual Funds
|
✅Yes
✅Yes
✅Yes |
|
Banking
|
⛔No
⛔No
⛔No |
|
Insurance
|
⛔No
⛔No
⛔No |
|
Corporate Bonds
|
⛔No
⛔No
⛔No |
|
Govt. Bonds
|
⛔No
⛔No
⛔No |
|
Digital Gold
|
⛔No
⛔No
⛔No |
Order Types
| |
|
Market Order
|
✅Yes
✅Yes
✅Yes |
|
Limit Order
|
✅Yes
✅Yes
✅Yes |
|
Bracket Order
|
✅Yes
✅Yes
✅Yes |
|
Cover Order
|
✅Yes
✅Yes
✅Yes |
|
After Market Order (AMO)
|
✅Yes
✅Yes
✅Yes |
|
Good Till Cancelled (GTC)
|
✅Yes
✅Yes
✅Yes |
|
Buy Today Sell Tomorrow (BTST)
|
⛔No
⛔No
✅Yes |
|
Sell Today Buy Tomorrow (STBT)
|
⛔No
⛔No
⛔No |
Research & Reports
| |
|
Annual Reports
|
⛔No
✅Yes
✅Yes |
|
Company Reports
|
✅Yes, Basic only
✅Yes
✅Yes |
|
Research Reports
|
⛔No
⛔No
⛔No |
|
Fundamental Reports
|
✅Yes, Basic only
✅Yes
⛔No |
|
IPO Reports
|
✅Yes
✅Yes
✅Yes |
|
Technical Reports
|
✅Yes, Basic only
✅Yes
✅Yes |
|
Stock tips
|
⛔No
⛔No
⛔No |
|
Daily Market Review
|
✅Yes
✅Yes
⛔No |
|
Monthly Review
|
✅Yes
✅Yes
✅Yes |
|
Weekly Review
|
✅Yes
✅Yes
⛔No |
|
Robo Advisory
|
⛔No
⛔No
⛔No |
STT & CTT Charges
| |
|
Equity Delivery STT & CTT
|
0.1% on buy & sell
0.1% on buy & sell
0.1% on buy & sell |
|
Equity Intraday STT & CTT
|
0.025% on the sell side
0.025% on sell transactions
0.025% on sell transactions |
|
Equity Futures STT & CTT
|
0.0125% on sell side
0.0125% on sell side
0.0125% on sell side |
|
Equity Options STT & CTT
|
0.0625% on sell side (on premium)
0.0625% on sell side (on premium)
0.0625% on sell side (on premium), 0.125% on exercised options (on intrinsic value) |
|
Currency Futures STT & CTT
|
No STT
⛔ Does not offer
No STT |
|
Currency Options STT & CTT
|
No STT
⛔ Does not offer
No STT |
|
Commodity Futures STT & CTT
|
0.01% on sell trade (Non-Agri)
⛔ Does not offer
0.01% on sell side |
|
Commodity Options STT & CTT
|
0.05% on sell trade
⛔ Does not offer
0.05% on sell side |
Trading Features
| |
|
Watchlist
|
✅Yes
✅Yes
✅Yes |
|
Real Time Updates
|
✅Yes
✅Yes
✅Yes |
|
Portfolio Details
|
✅Yes
✅Yes
✅Yes |
|
Price Alert
|
✅Yes
✅Yes
✅Yes |
|
Online Mutual Fund Buy
|
✅Yes
✅Yes
✅Yes |
|
Global indices
|
⛔No
✅Yes
⛔No |
|
Customized Recommendations
|
⛔No
⛔No
⛔No |
|
Advanced charting
|
✅Yes
⛔No
✅Yes |
|
Live market
|
✅Yes
✅Yes
✅Yes |
|
Multiple Profile Management
|
⛔No
⛔No
⛔No |
|
Secure Platform
|
✅Yes
✅Yes
✅Yes |
Trading Platforms
| |
|
Android App
|
✅Yes
✅Yes
✅Yes |
|
iOS App
|
✅Yes
✅Yes
✅Yes |
|
Web Trading Platform
|
✅Yes
✅Yes
✅Yes |
|
Trading Terminal
|
✅Yes
⛔No
✅Yes |
|
Algo Trading Platform
|
✅Yes
⛔No
✅Yes |
|
Foreign Stocks Trading Platform
|
⛔No
✅Yes
⛔No |
|
Basket Trading Platform
|
✅Yes
⛔No
✅Yes |
|
Mutual Fund Investment Platform
|
✅Yes
✅Yes
✅Yes |
|
Digital Gold Investment Platform
|
⛔No
⛔No
⛔No |
|
Bonds Investment Platform
|
⛔No
⛔No
⛔No |
Transaction Charges
| |
|
Equity Delivery Transaction Charges
|
NSE 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group
BSE: 0.00375%, NSE: 0.00325%
BSE: 0.00375%, NSE: 0.00325% |
|
Equity Intraday Transaction Charges
|
NSE: 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group
BSE: 0.00375%, NSE: 0.00325%
BSE: 0.00375%, NSE: 0.00325% |
|
Equity Futures Transaction Charges
|
NSE Exchange turnover charge: 0.0019%. BSE: Nil
NSE: 0.0019%, BSE: 0 (Zero)
NSE: 0.0019%, BSE: 0 (Zero) |
|
Equity Options Transaction Charges
|
NSE Exchange turnover charge: 0.050% (on premium). BSE: 0.0375% (on premium)
NSE: 0.05% (on premium), BSE: 0.005% (on premium)
NSE: 0.05% (on premium), BSE: 0.005% (on premium) |
|
Currency Futures Transaction Charges
|
NSE: Exchange txn charge: 0.0009% & BSE: Exchange txn charge: 0.00022%
Does not offer
NSE: 0.0009%, BSE: 0.0009%, Interest Rate Derivatives: 0.00015% |
|
Currency Options Transaction Charges
|
NSE: Exchange txn charge: 0.035% & BSE: Exchange txn charge: 0.001%
Does not offer
NSE: 0.035%, BSE: 0.001% |
|
Commodity Futures Transaction Charges
|
Non-Agri: Exchange turnover charge: 0.0026%
Does not offer
Group A, B : 0.0026% |
|
Commodity Options Transaction Charges
|
Exchange turnover charge: 0.05%
Does not offer
0.05% |
Stamp Duty charges
| |
|
Equity Delivery Stamp Duty
|
0.015% or ₹1500 / crore on buy side
0.015% Buy
0.015% on turnover of buy orders |
|
Equity Intraday Stamp Duty
|
0.003% or ₹300 / crore on buy side
0.003% Buy
0.003% on turnover of buy orders |
|
Equity Futures Stamp Duty
|
0.002% or ₹200 / crore on buy side
0.002% or ₹200 / crore on buy side
0.0125% on sell side |
|
Equity Options Stamp Duty
|
0.003% or ₹300 / crore on buy side
0.003% or ₹300 / crore on buy side
0.0625% on sell side (on premium), 0.125% on exercised options (on intrinsic value) |
|
Currency Futures Stamp Duty
|
0.0001% or Rs 10 per crore on buy-side
⛔ Does not offer
0.0001% on turnover of buy orders |
|
Currency Options Stamp Duty
|
0.0001% or Rs 10 per crore on buy-side
⛔ Does not offer
0.0001% on turnover of buy orders |
|
Commodity Futures Stamp Duty
|
0.002% or ₹200 per crore on buy-side
⛔ Does not offer
0.002% on turnover of buy orders |
|
Commodity Options Stamp Duty
|
0.003% or ₹300 per crore on buy-side
⛔ Does not offer
0.003% on turnover of buy orders |
Other Charges
| |
|
SEBI Turnover Charges
|
₹10/crore (For all segments)
₹10/Crore (For all segments)
₹10/Crore (For all segments) |
|
DP Charges
|
₹18.5 + GST per scrip (irrespective of quantity)
₹13.5/scrip
₹ 12.50 / instruction / ISIN + GST. |
|
GST charges
|
18% of (brokerage + transaction charges + Demat)
18% of (brokerage + transaction charges + Demat)
18% of (brokerage + transaction charges + Demat) |
|
Account Closure Charges
|
Free
Free
Free |
|
Reactivation Charges
|
Free
Free
Free |
|
Dematerialization Charges
|
₹20 per Certificate
₹250 per certificate
₹150 per certificate + ₹100 courier charges |
|
Call and Trade charges
|
₹50 + 18% GST
₹ 500 per order
₹ 50 / order + GST |
