Best Full-Service Brokers in India
Full-service brokers charge more but offer research, relationship managers and branches. Compare their published tariffs.
Fees checked on against each broker's official pricing page.
Our lists are editorially independent. Some links may be sponsored — how we make money.
Our shortlist
ICICI Direct
Full-service broker (bank group) · 3-in-1 banking
ICICI Bank integration; Prime plans reduce brokerage.
- Delivery
- 0.29% (Prime lower)
- Intraday
- 0.029%
- F&O
- ₹49/lot
- AMC
- ₹700/yr (₹300 Prime)
Motilal Oswal
Full-service broker · Research house
SEBI-registered research analyst; current online plan 0.20% delivery and ₹20 per options lot.
- Delivery
- 0.20%
- Intraday
- 0.02%
- F&O
- ₹20/lot
- AMC
- ₹0 yr 1; later not verified
Sharekhan
Full-service broker (Mirae Asset group) · Branch network
0.02% intraday; 0.30% delivery; branches.
- Delivery
- 0.30%
- Intraday
- 0.02%
- F&O
- ₹39/lot
- AMC
- ₹400/yr (yr 2+)
HDFC SKY by HDFC Securities
Bank-group broker (HDFC SKY flat-fee platform) · Bank group
HDFC Securities' app with ₹20 flat pricing; legacy hdfcsec.com plans are separate.
- Delivery
- ₹20 or 2.5%
- Intraday
- ₹20 or 2.5%
- F&O
- ₹20/order
- AMC
- Free yr 1; ₹20/month
Kotak Securities
Bank-group broker (Kotak Neo) · Bank group
Kotak group broker with ₹10 F&O on Neo.
- Delivery
- 0.20% (₹0 Youth)
- Intraday
- 0.05% or ₹10
- F&O
- ₹10/order
- AMC
- ₹50/month + GST (non-BSDA)
When a full-service broker makes sense
Full-service brokers suit investors who want research coverage, a relationship manager, branch access or bank integration. You pay for that through percentage brokerage. Always ask which plan applies to your account.
| Broker | Default delivery | Options |
|---|---|---|
| ICICI Direct | 0.29% (Prime lower) | ₹49 per lot |
| Motilal Oswal | 0.20% (current online plan) | ₹20 per lot |
| Sharekhan | 0.30% | ₹39 per lot |
| Broker | Account opening | AMC | Delivery | Intraday | Options | DP charge |
|---|---|---|---|---|---|---|
| ICICI Direct | Not verified | ₹700/yr (₹300 Prime) | 0.29% (Prime lower) | 0.029% | ₹49/lot | ₹20 + GST/scrip/day |
| Motilal Oswal | ₹0 | ₹0 yr 1; later not verified | 0.20% | 0.02% | ₹20/lot | Not verified |
| Sharekhan | ₹0 | ₹400/yr (yr 2+) | 0.30% | 0.02% | ₹39/lot | Nil via Sharekhan |
| HDFC SKY by HDFC Securities | ₹0 | Free yr 1; ₹20/month | ₹20 or 2.5% | ₹20 or 2.5% | ₹20/order | ₹23.60/ISIN debit |
| Kotak Securities | ₹0 (₹99 Youth) | ₹50/month + GST (non-BSDA) | 0.20% (₹0 Youth) | 0.05% or ₹10 | ₹10/order | 0.04% (min ₹20) + GST/day |
How we compared full-service brokers
Nothing here was paid for. Full-service brokers charge more, so we weighed what you get for the higher fee — research, a relationship manager, branches — against the published tariff and the platform.
- Published tariff — the percentage brokerage and the plans that reduce it.
- What the fee buys — research, advisory support, branches and account features.
- Platform quality — whether the trading tools justify the cost.
- Transparency — how clearly the higher charges are disclosed.
A full-service broker earns its fee only if you use the research and support. Compare the cost with a discount broker using the brokerage calculator.
Worked example: the price of full service
What a ₹2 lakh delivery purchase and later sale costs in brokerage and DP charge on each broker's default published plan, with Zerodha as a discount-broker baseline:
| Broker | Brokerage (buy + sell) | DP charge on sale | Total |
|---|---|---|---|
| ICICI Direct | ₹1,160 | ₹23.60 | ₹1,184 |
| Sharekhan | ₹1,200 | ₹0.00 | ₹1,200 |
| Motilal Oswal | ₹800 | Not verified | ₹800 + DP (not verified) |
| HDFC SKY by HDFC Securities | ₹40 | ₹23.60 | ₹64 |
| Kotak Securities | ₹800 | ₹94.40 | ₹894 |
| Zerodha | ₹0 | ₹15.34 | ₹15 |
On default plans, ICICI Direct and Sharekhan charge four-figure brokerage on this trade. Motilal Oswal's current online plan (0.20% delivery) costs ₹800 in brokerage, but its DP charge is not verified, so its total excludes DP. Kotak's Trade Free plan is also 0.20% on delivery, and its DP charge is percentage-based (0.04%, minimum ₹20, + GST), so on a ₹2 lakh sale it is ₹94.40, not ₹23.60. HDFC SKY's flat ₹20 pricing is shown for comparison. ICICI Direct also sells prepaid Prime plans that cut the delivery rate to 0.25%, 0.10% or 0.07% for an upfront fee — worth checking if you trade regularly and value the research and relationship support.