Wisdom Capital vs Zerodha Comparison: 2024

About Wisdom Capital

Start talking of the list of discount brokerages in India, it gets longer every day. And, this list sounds incomplete without adding Wisdom Capital brokerage firm. Since its inception in 2013, Wisdom Capital, an online brand of Ashlar Group of Companies is one of the fast evolving stock brokers in India. Being a discount broker, it offers a low-brokerage model coupled with advanced online trading facilities.

Wisdom Capital: An Overview

A popular online discount broker having an offline presence through 250+ franchises offering services in Equity, Futures & Options, commodities at BSE, NSE, MCX and NCDEX. You can trade in various market segments like NSE Cash, F&O, Commodity and Currency. But, you can't invest in IPO, FPO or Mutual funds through this platform.

Wisdom Capital provides 3 different brokerage plans:

  1. Freedom Plan

  2. Pro Plan

  3. Ultimate Plan (Designed specifically for HNI i.e.high-net worth individuals and offers high leverage)

However, the biggest attraction is its

About Zerodha

Zerodha, a Bangalore based company, a pioneer in stock broking, is the biggest and one of the best and most popular stock brokers in India. The one of its kind, discount broking model was introduced by this leading broker few years back. And, now there's no looking back! It's online flat fee discount brokerage model has set an example to be followed by various other trading platforms across India. Ranked amongst the Top Discount Brokers in India, Zerodha holds a very strong position in terms of trading volumes and a massive and growing customer base. Zerodha demat and trading account Review.webp

Zerodha: Overview

Incorporated in the year 2010 by Nitin Kamath, an engineer turned stock broker cum budding entrepreneur who nurtured the company with his ideas and innovation, Zerodha gained huge popularity within a short span. It has turned to be the leading stock broker in India, may it be

Wisdom Capital vs Zerodha Account Opening Charges: 2024

ChargeWisdom CapitalZerodha
Demat Account Opening Charges₹0₹0 (Free)
Trading Acc Opening Charges₹0₹200 (Equity) + Rs.100 (Commodity)
Trading Account AMC₹0₹0 (Free)
Demat Account AMC₹999 (Lifetime Account)₹300 per year

Wisdom Capital vs Zerodha Brokerage Charges and Plans : 2024

ChargeWisdom CapitalZerodha
Plan NameUltimate PlanFlat Brokerage Plan
Equity Delivery0.007%₹0 (Free)
Equity Intraday0.007%Flat ₹20 or 0.03% (whichever is lower) per executed order
Equity Futures0.005%\tFlat ₹20 or 0.03% (whichever is lower) per executed order
Equity Options₹ 15/LotFlat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover)
Currency Futures₹9 per executed orderFlat ₹20 or 0.03% (whichever is lower) per executed order
Currency Options₹9 per executed orderFlat ₹20 or 0.03% (whichever is lower) per executed order
Commodity Options0.005%Flat ₹20 or 0.03% (whichever is lower) per executed order
Mutual FundN/A₹0 (Free Unlimited Direct MF)

Wisdom Capital vs Zerodha Margin / Exposure: 2024

SegmentWisdom CapitalZerodha
Equity Delivery5x to 40x (as per brokerage plan)1x (no margin)
Equity Intraday5x to 40x (as per brokerage plan)Up to 20x (based on the stock)
Equity Future5x to 20x (as per brokerage plan)Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options5x to 40x (as per brokerage plan)Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Future4x to 15x (as per brokerage plan)Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options4x to 15x (as per brokerage plan)Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Future5x to 20x (as per brokerage plan)Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity OptionsN/AN/A

Wisdom Capital vs Zerodha Currency Charges and Plans: 2024

Wisdom Capital charge ₹9 per executed order for Currency Futures and ₹9 per executed order for Currency Options whereas Zerodha Charges Flat ₹20 or 0.03% (whichever is lower) per executed order for Currency futures and Flat ₹20 or 0.03% (whichever is lower) per executed order for Currency options.
ChargeCurrency Futures (Wisdom Capital)Currency Options (Wisdom Capital)Currency Futures (Zerodha)Currency Options (Zerodha)
BrokerageAs per Brokerage plan selectedAs per Brokerage plan selectedFlat ₹20 or 0.03% (whichever is lower)\tFlat ₹20 or 0.03% (whichever is lower)\t
Securities Transaction Tax (STT)No STTNo STTNo STT\tNo STT\t
Transaction / Turnover Charges₹0₹0NSE: 0.0009% | BSE: 0.00022%\tNSE: 0.04% | BSE: 0.001% (on premium)
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Stamp ChargesState-wiseState-wiseState wiseState wise

Wisdom Capital vs Zerodha Commodity Charges and Plans: 2024

Wisdom Capital charge 0.005% for commodity and Zerodha charge Flat ₹20 or 0.03% (whichever is lower) per executed order for commodity.
ChargeCommodity Futures (Wisdom Capital)Commodity Options (Wisdom Capital)Commodity Futures (Zerodha)Commodity Options (Zerodha)
BrokerageFlat ₹20 or 0.03% (whichever is lower)\tFlat ₹20 or 0.03% (whichever is lower)\t
Securities Transaction Tax (STT)0.01% on sell side (Non-Agri)0.05% on sell side0.01% on sell side (Non-Agri)\t0.05% on sell side
Transaction / Turnover Charges0.0025%0.0025%Group A: Exchange txn charge: 0.0026% Group B: Exchange txn charge: Pepper - 0.00005%, Castorseed - 0.0005%, Rbdpmolein - 0.001%\t₹0
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Stamp ChargesState-wiseState-wiseState wiseState wise
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