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:
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Freedom Plan
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Pro Plan
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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: 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
| Charge | Wisdom Capital | Zerodha |
|---|---|---|
| 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
| Charge | Wisdom Capital | Zerodha |
|---|---|---|
| Plan Name | Ultimate Plan | Flat Brokerage Plan |
| Equity Delivery | 0.007% | ₹0 (Free) |
| Equity Intraday | 0.007% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Futures | 0.005%\t | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Options | ₹ 15/Lot | Flat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover) |
| Currency Futures | ₹9 per executed order | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Currency Options | ₹9 per executed order | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Commodity Options | 0.005% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Mutual Fund | N/A | ₹0 (Free Unlimited Direct MF) |
Wisdom Capital vs Zerodha Margin / Exposure: 2024
| Segment | Wisdom Capital | Zerodha |
|---|---|---|
| Equity Delivery | 5x to 40x (as per brokerage plan) | 1x (no margin) |
| Equity Intraday | 5x to 40x (as per brokerage plan) | Up to 20x (based on the stock) |
| Equity Future | 5x to 20x (as per brokerage plan) | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options | 5x to 40x (as per brokerage plan) | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Future | 4x to 15x (as per brokerage plan) | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options | 4x to 15x (as per brokerage plan) | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Commodity Future | 5x to 20x (as per brokerage plan) | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
| Commodity Options | N/A | N/A |
Wisdom Capital vs Zerodha Currency Charges and Plans: 2024
| Charge | Currency Futures (Wisdom Capital) | Currency Options (Wisdom Capital) | Currency Futures (Zerodha) | Currency Options (Zerodha) |
|---|---|---|---|---|
| Brokerage | As per Brokerage plan selected | As per Brokerage plan selected | Flat ₹20 or 0.03% (whichever is lower)\t | Flat ₹20 or 0.03% (whichever is lower)\t |
| Securities Transaction Tax (STT) | No STT | No STT | No STT\t | No STT\t |
| Transaction / Turnover Charges | ₹0 | ₹0 | NSE: 0.0009% | BSE: 0.00022%\t | NSE: 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 Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
| Stamp Charges | State-wise | State-wise | State wise | State wise |
Wisdom Capital vs Zerodha Commodity Charges and Plans: 2024
| Charge | Commodity Futures (Wisdom Capital) | Commodity Options (Wisdom Capital) | Commodity Futures (Zerodha) | Commodity Options (Zerodha) |
|---|---|---|---|---|
| Brokerage | Flat ₹20 or 0.03% (whichever is lower)\t | Flat ₹20 or 0.03% (whichever is lower)\t | ||
| Securities Transaction Tax (STT) | 0.01% on sell side (Non-Agri) | 0.05% on sell side | 0.01% on sell side (Non-Agri)\t | 0.05% on sell side |
| Transaction / Turnover Charges | 0.0025% | 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 Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
| Stamp Charges | State-wise | State-wise | State wise | State wise |