INDmoney vs Dhan vs Fyers: Charges & Costs (2026)
Disclosure: We may earn a commission if you open a demat account via links on this page. This does not affect our editorial independence. Read our Affiliate Disclosure.
This page contains an affiliate link. If you open a Dhan account through it, we may earn a commission at no extra cost to you. See our Affiliate Disclosure.
INDmoney: delivery lower of ₹20 or 0.1% (min ₹2), AMC ₹0; Dhan: delivery ₹0, AMC ₹0; Fyers: delivery lower of ₹20 or 0.3%, AMC ₹0. On a ₹1,00,000 delivery round trip the total charges are ₹291.51 on INDmoney, ₹237.23 on Dhan, ₹284.43 on Fyers.
Last updated: October 2026
This page compares INDmoney, Dhan and Fyers on what you actually pay: brokerage, AMC, DP charges and the total cost of three sample trades. Charges were checked against each broker’s published pricing in October 2026 and can change, so confirm before you open an account. This is information, not investment advice.
INDmoney vs Dhan vs Fyers: charges side by side
| Charge | INDmoney | Dhan | Fyers |
|---|---|---|---|
| Account opening | ₹0 | ₹0 | ₹0 |
| Equity delivery brokerage | Lower of ₹20 or 0.1%; minimum ₹2 | ₹0 | Lower of ₹20 or 0.3% |
| Equity intraday brokerage | Lower of ₹20 or 0.1%; minimum ₹2 | Lower of ₹20 or 0.03% | Lower of ₹20 or 0.03% |
| Futures and options | ₹20 per order | ₹20 per order | Options ₹20 per order; futures lower of ₹20 or 0.03% |
| Demat AMC | ₹0 | ₹0 for individuals and HUFs | ₹0 |
| DP charge on sells | ₹18.50 + GST per ISIN sold (₹3.50 CDSL + ₹15 INDstocks) | ₹12.50 + GST per ISIN sold | ₹12.50 + GST per scrip sold |
| Call and trade | ₹500 per order | ₹50 + GST per order | ₹50 + GST per executed order |
What the same trades cost on each broker
These examples add up brokerage, STT, exchange charges, SEBI fees, stamp duty, GST and the DP charge on a round trip (buy and sell). Delivery and intraday trades buy and sell ₹1,00,000 of shares once each. The options trade buys premium worth ₹50,000 and sells it for ₹60,000, with one lot per order. Amounts are rounded to the nearest paisa.
| Trade | INDmoney | Dhan | Fyers |
|---|---|---|---|
| Delivery (₹1,00,000 buy and sell) | ₹291.51 | ₹237.23 | ₹284.43 |
| Intraday (₹1,00,000 buy and sell) | ₹82.68 | ₹82.68 | ₹82.68 |
| Options (₹50,000 buy, ₹60,000 sell) | ₹184.95 | ₹184.95 | ₹184.95 |
Delivery: Dhan is lowest at ₹237.23; the next lowest is ₹284.43 (₹47.20 more). Intraday: all three cost the same (₹82.68). Options: all three cost the same (₹184.95). Your own order sizes and how often you trade decide which costs least, so test them in the calculator.
INDmoney vs Dhan vs Fyers: what to weigh
INDmoney may suit you if:
- you value features and service that this charges-only page does not cover
Dhan may suit you if:
- you buy and sell delivery often: it is the lowest on that example by ₹47.20
Fyers may suit you if:
- you value features and service that this charges-only page does not cover
These statements describe published charges, not a recommendation. Use the brokerage calculator to test your own numbers.
Full charge breakdowns
INDmoney charges page. Dhan charges page. Fyers charges page. More pairs are on the broker comparisons hub.
INDmoney vs Dhan vs Fyers: FAQs
Which of INDmoney, Dhan and Fyers is cheapest for delivery?
Dhan on the ₹1,00,000 delivery example: ₹291.51 on INDmoney, ₹237.23 on Dhan, ₹284.43 on Fyers.
Which has the lowest AMC?
INDmoney: ₹0; Dhan: ₹0; Fyers: ₹0.
How do F&O charges compare?
INDmoney: ₹20 per order; Dhan: ₹20 per order; Fyers: Options ₹20 per order; futures lower of ₹20 or 0.03%. Options example totals: ₹184.95 on INDmoney, ₹184.95 on Dhan, ₹184.95 on Fyers.
How do DP charges compare?
INDmoney: ₹18.50 + GST per ISIN sold (₹3.50 CDSL + ₹15 INDstocks); Dhan: ₹12.50 + GST per ISIN sold; Fyers: ₹12.50 + GST per scrip sold.
Is STT different between brokers?
No. 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. It is the same at every broker.
Sources
INDmoney: INDmoney pricing page. Dhan: Dhan pricing page. Fyers: Fyers charges list. 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.
