The changes are likely to make trading costlier for small-ticket and delivery-based investors | Photo Credit: ANI
In a blog post, the Mumbai-based brokerage said the updated pricing “ensures that it can continue to invest heavily in the technology and security clients rely on.”
Price hike
Under the revised structure, the brokerage on equity delivery trades will increase to the lower of ₹20 or 0.1 percent per trade, with a minimum charge of ₹5 — up from ₹2 earlier. For intraday (cash segment) trades, the brokerage will now be the lower of ₹20 or 0.1 percent per trade, compared to the previous rate of 0.03 percent, with a minimum charge of ₹5.
The changes are likely to make trading costlier for small-ticket and delivery-based investors, though the company said it will continue to cap brokerage at ₹20 per order, in line with industry practice.
The revision comes as India’s discount brokerages — once the biggest gainers from the retail trading boom — face pressure to sustain margins after the Securities and Exchange Board of India (SEBI) introduced measures to curb speculative trading in futures and options (F&O).
In November 2024, SEBI raised the minimum contract size for derivatives and limited weekly index options to one per exchange, aiming to reduce excessive speculation. The curbs led to a sharp drop in retail participation and trading volumes, denting brokerage earnings.
Angel One, which competes with Zerodha, Groww, and Upstox, has seen a sharp impact on performance. Its consolidated net profit for the September quarter halved year-on-year to ₹2,120 crore, marking the third straight quarterly decline. Revenue for the quarter fell 20.7 percent to ₹12,020 crore, while client acquisition dropped 41.9 per cent and total orders declined 26.3 per cent, according to the company’s exchange filing
Published on October 16, 2025
