The free equity delivery trading plan offers brokerage free trading in the Equity Delivery segment or cash & carry segment.
Delivery trades are those trades wherein, the shares you buy are delivered to you and deposited into your demat account. It is in contrast to intraday or Buy Today Sell Tomorrow (BTST) trading wherein you buy and sell shares in a day or two.
Brokers like Zerodha, Upstox, Fyers, ProStocks and Indiabulls offer brokerage free investment in the India stock market. The customer doesn't pay any commission while trading in the equity delivery segment.
Note that the customer requires 100% margin money for trading in this segment. The delivery settlement is done in T+2 days where T is the date of trading.
Zero Brokerage Equity Delivery Trading is suitable for:
- Long term investors who want to hold onto stocks for weeks, months or years.
- Seasonal stock market investors who invest for long term
Advantages
- Truly commission-free investment in the stock market. Other brokers charge Rs 20 per trade to 0.50% of the transaction value.
- Lowest breakeven point.
Note: Customers still have to pay for taxes, exchange turnover charges, demat charges, SEBI charges and stamp duty on all the transactions.
