Did you know an ETF is a basket of securities, including stocks, bonds, etc., that aim to track or outperform an underlying index? Investing in ETFs allows you to gain exposure to diverse assets through a single trade.
However, ETF trading is not as straightforward as it may seem. ETFs are traded on stock exchanges, so you must have a Demat account and a stock trading platform to invest in them. Selecting the right broker with minimum brokerage charges can make a difference in maximising your returns.
While brokerage fees can eat into your investment returns, many brokers in India now offer zero brokerage charges for ETFs, making investing more cost-effective than ever before. In this blog, you will explore the best ETF brokers with zero brokerage charges in India. These platforms offer affordability, ease of use, superior features, and seamless execution of trades.
- HDFC SKY
HDFC Sky leads the list of the top ETF brokers with zero brokerage in India. Launched by HDFC Securities, HDFC SKY is tailored for the new-age investor who wants to seamlessly invest in various instruments, including stocks, bonds, ETFs, IPOs (Initial Public Offerings), mutual funds, and more.
Below are the key features of HDFC SKY:
Zero Brokerage on ETFs
HDFC SKY is one of the few brokerage firms in India that allow you to invest in ETFs with zero brokerage charges. It is ideal for cost-conscious investors, ensuring that trading fees do not erode their returns.
Advanced Trading Tools
By downloading the HDFC SKY app on your smartphone, you can access advanced trading tools, real-time data, and technical indicators to make well-informed investment decisions.
User-Friendly Interface
HDFC SKY’s user interface is modern, clean, and user-friendly, making it suitable for beginners and seasoned investors.
Free Demat Account
With HDFC SKY, you can open a Demat account for free and start trading on the go. You won’t have to pay Account Maintenance Charges (AMC) for the first year.
Robust Customer Support
HDFC SKY is known for providing best-in-class customer support services. You can contact a customer care associate by dialling 1800-1212-109 or emailing [email protected].
- Zerodha
Zerodha is a popular discount broking platform in India. It has revolutionised the country’s trading landscape with several attractive features and competitive brokerage charges. It has zero brokerage charges on long-term investments. The key features of Zerodha include:
Zero Brokerage on ETF Delivery
Zerodha charges zero brokerage on ETF delivery trades, ensuring you can buy and hold ETFs for the long term without additional cost.
Zerodha Kite App
Zerodha’s Kite app is among the best trading platforms in India. It is fast, user-friendly, and has features like charting tools and analytical insights.
Educational Resources
Zerodha’s Varsity platform offers extensive educational resources to help new investors understand ETFs and other investment avenues and make well-informed decisions.
Lost-Cost Stock Trading
Zerodha charges flat brokerage fees on stock trading, making it a suitable choice for cost-conscious investors.
- Groww
Groww has quickly become one of India’s other popular investment platforms. It allows you to invest in diverse avenues, including stocks, mutual funds, IPOs, and ETFs, among others. The key features include:
Zero Brokerage on ETF Delivery
Groww does not charge brokerage fees for ETF delivery trades. Thus, you can build your long-term wealth without worrying about investment costs.
Free Demat Account
Groww is one of the few trading platforms in India that allows you to open a free Demat account. The entire process is hassle-free and paperless, helping new investors start quickly.
User-Friendly Interface
Groww’s platform is designed for beginners. Its intuitive interface makes investing in ETFs and other instruments hassle-free.
Mobile App Access
The Groww mobile app is highly rated and makes ETF trading accessible on the go.
- Upstox
Upstox is another leading discount broker in India. It has gained traction due to its competitive pricing and advanced features. Long-term investors can download the Upstox app to invest in ETFs and build wealth.
Below are the key features of Upstox:
Zero Brokerage on ETF Delivery
Upstox offers zero brokerage on ETF delivery, making it an attractive option for long-term investors.
Advanced Trading Platform
Upstox provides a feature-rich platform with advanced tools for charting, technical analysis, and market tracking.
Seamless Demat Account Opening
Upstox offers a quick and paperless Demat account opening process, reducing the hassle for new investors.
Low-Cost Intraday Trading
Even if you wish to indulge in intraday ETF trading, Upstox can be a good option.
- PayTM Money
Paytm Money is the subsidiary of Paytm – a popular multi-national Indian FinTech company. It has recently emerged as a stock broker for investing in mutual funds, stocks, and ETFs. Paytm Money is known for its affordable pricing and ease of use. Other key features include:
Zero Brokerage on ETF Delivery
Like all other brokers on this list, Paytm Money charges zero brokerage for ETF delivery trades.
User-Friendly Platform
The Paytm Money mobile app boasts a user-friendly platform with a clean interface.
Seamless Funds Transfer
You can link your Paytm Money account with your wallet and transfer funds seamlessly.
Research and Insights
Paytm Money provides access to research tools and market data to assist you in making well-informed investment decisions.
Conclusion
ETFs are an excellent investment option for those seeking diversification, transparency, and long-term growth. With the emergence of brokers offering zero brokerage charges on ETF investments, investing has become easier and cost-effective.
You can select the right brokerage partner from the list of brokers mentioned above and open Demat account to get started. These brokers can help you make the most out of your ETF investments without the burden of brokerage charges.
