Best brokers

Zero AMC Demat Accounts in India (2026)

Annual maintenance charges quietly eat into small portfolios. These brokers publish ₹0 AMC.

By the Indian Broker Test editorial desk · Published 8 July 2026 · Data last reviewed 14 November 2026 · Independent

Brokers that qualify

• Alice Blue

  Price-sensitive algo traders exploring beyond the biggest names.

  Delivery: ₹20 or 2.5% per order (whichever is lower)
  Intraday: ₹20 or 0.05% per order (whichever is lower)
  AMC: ₹0 (zero AMC)

  ✓ Zero AMCFree APIMCX commodityMutual fundsIPO

  Charges · Calculator

• Dhan

  Options traders and TradingView users who want modern tooling at flat-fee pricing.

  Delivery: ₹0 (free)
  Intraday: ₹20 or 0.03% per order (whichever is lower)
  AMC: ₹0 (individuals & HUFs)

  ✓ Zero AMCFree deliveryFree APITradingViewMCX commodityIPOPublished speed

  Charges · Calculator

• Fyers

  Chart-driven and algorithmic traders who live in TradingView.

  Delivery: ₹20 or 0.3% per order (whichever is lower)
  Intraday: ₹20 or 0.03% per order (whichever is lower)
  AMC: ₹0 (zero AMC)

  ✓ Zero AMCFree APITradingViewMCX commodityIPOPublished speed

  Charges · Calculator

• Arrow

  Latency-sensitive and professional traders who prioritise order-execution speed.

  Delivery: ₹0 (free)
  Intraday: ₹20 or 0.03% per order (whichever is lower)
  AMC: ₹0 (individual accounts; ₹500/year for non-individual accounts)

  ✓ Zero AMCFree deliveryMCX commodityPublished speed

  Charges · Calculator

• Groww

  Beginners and long-term investors who want one simple app for stocks and mutual funds.

  Delivery: ₹20 or 0.1% per order (whichever is lower), minimum ₹5
  Intraday: ₹20 or 0.1% per order (whichever is lower), minimum ₹5
  AMC: ₹0

  ✓ Zero AMCMutual fundsIPOPublished speed

  Charges · Calculator

• Paytm Money

  Paytm users who want investing and broking inside one ecosystem.

  Delivery: ₹20 per order (accounts opened on or after 25 Aug 2023)
  Intraday: ₹20 per order (flat)
  AMC: ₹0 demat AMC (per official site)

  ✓ Zero AMCMutual fundsIPO

  Charges · Calculator

• Pocketful

  Algo-curious traders willing to try a newer platform.

  Delivery: ₹0 (free; ₹0.01 minimum per order)
  Intraday: ₹20 or 0.03% per order (whichever is lower)
  AMC: ₹0

  ✓ Zero AMCFree deliveryFree APIMutual fundsIPOPublished speed

  Charges · Calculator

• Sahi

  Active F&O and intraday traders who want the lowest flat per-order fee and modern charting.

  Delivery: ₹10 or 0.05% per order (whichever is lower)
  Intraday: ₹10 or 0.05% per order (whichever is lower)
  AMC: ₹0

  ✓ Zero AMCMCX commodityIPOPublished speed

  Charges · Calculator

• Shoonya (Finvasia)

  High-frequency, cost-obsessed traders who accept a smaller platform.

  Delivery: ₹0 (free equity delivery)
  Intraday: ₹5 or 0.03% per order (whichever is lower)
  AMC: ₹0 (individuals; ₹900 for corporate, trust and LLP accounts)

  ✓ Zero AMCFree deliveryFree APIMCX commodityMutual fundsPublished speed

  Charges · Calculator

Next step: narrow it down by cost on the cost leaderboards, or see every feature side by side in the feature matrix.

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