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Pricing Plans | Nikunj Stock Brokers Ltd
Transparent. Simple. No Surprises.

Choose the Plan That
Works for You

Two plans designed for how you invest — a fully digital plan for self-directed traders, and a relationship plan for those who want a dedicated Relationship Manager by their side.

Zero Hidden Charges
SEBI Regulated Broker
Free Account Opening
Plan 01 — Digital
Nikunj Direct
Self-directed online investing. Every market, flat ₹20 brokerage — no hidden charges.
Account Opening
Free
Demat AMC
₹300 /yr
F&O & Intraday
₹20 /order
Flat per executed order
Equity Delivery
₹20 /order
Trading & Products
✓Equity trading on NSE & BSE — online via Web & App
✓Futures & Options — online via Web & App
✓Regular Mutual Funds — wide range of schemes, SIP from ₹100
✓IPO applications — quick application via ASBA & UPI, zero charge
✓Commodity & Currency — MCX, NSE & BSE
Support
✓Digital support via calls & email
✓In-app daily research reports & market notes
✓Free Call & Trade
–Dedicated Relationship Manager
–Personalised portfolio support calls
–Physical branch support
–NRI & PMS services
–Insurance support
Account
✓Digital e-KYC account opening
✓Real-time portfolio analytics & P&L tracking
✓256-bit SSL, 2FA login, CDSL TPIN security
Open a Direct Account
Plan 02 — Physical + Digital
Nikunj Relationship
Everything in Direct, plus your own dedicated Relationship Manager, branch access and ongoing portfolio support.
Recommended
Account Opening
Free
Demat AMC
₹300 /yr
Brokerage
As agreed with RM
Confirmed with your Relationship Manager
Equity Delivery
₹20 /order
Trading & Products
✓Equity trading on NSE & BSE — online + phone & branch
✓Futures & Options — online + phone & branch
✓Regular Mutual Funds — wide range of schemes, SIP from ₹100
✓IPO applications — quick application via ASBA & UPI, zero charge
✓Commodity & Currency — MCX, NSE & BSE
✓NRI accounts (NRE/NRO) & PMS with dedicated portfolio manager
Support
✓Dedicated Relationship Manager — in-branch, calls & email
✓Personalised portfolio support & review calls
✓Physical branch support at your nearest location
✓Priority research reports from registered providers
✓Free Call & Trade
✓Insurance plan support
Account
✓Digital e-KYC or in-branch assisted account opening
✓Real-time portfolio analytics & P&L tracking
✓256-bit SSL, 2FA login, CDSL TPIN security
Open a Relationship Account

Detailed Brokerage

All Charges, Clearly Listed

No fine print, no surprises. Here is every charge that applies to your trades on the Nikunj Direct plan.

Charge Delivery Intraday
Brokerage
Nikunj charge per executed order
 ₹20 per order ₹20 per order
STT / CTT
Securities Transaction Tax
 0.1% on Buy & Sell 0.025% on Sell
Exchange Transaction Charge
 NSE 0.00297% / BSE 0.00375% NSE 0.00297% / BSE 0.00375%
SEBI Turnover Charge
 0.0001% on turnover 0.0001% on turnover
Stamp Duty
 0.015% on Buy 0.003% on Buy
DP Charges (per sell transaction)
Depository + Nikunj charge
 ₹20 per scrip sold Not applicable
GST
On brokerage & transaction charges
 18% 18%
Charge Futures Options
Brokerage
Nikunj flat charge per order
 ₹20 per order ₹20 per order
STT / CTT
 0.02% on Sell 0.1% on Sell (exercise)
Exchange Transaction Charge
 NSE 0.00173% NSE 0.03503% on premium
SEBI Turnover Charge
 0.0001% 0.0001%
Stamp Duty
 0.002% on Buy 0.003% on Buy
GST
 18% 18%
Charge Futures Options
Brokerage
Nikunj flat charge per order
 ₹20 per order ₹20 per order
CTT (non-agri)
 0.01% on Sell Not applicable
Exchange Transaction Charge (MCX)
 0.0026% 0.05% on premium
SEBI Turnover Charge
 0.0001% 0.0001%
Stamp Duty
 0.002% on Buy 0.003% on Buy
GST
 18% 18%

MCX trading hours: 9:00 AM – 5:00 PM for agri commodities, 9:00 AM – 11:25 PM (extended to 11:55 PM during US daylight saving) for international commodities such as gold, silver and crude oil.

Charge Futures Options
Brokerage
Nikunj flat charge per order
 ₹20 per order ₹20 per order
STT
 Not applicable Not applicable
Exchange Transaction Charge (NSE/BSE)
 NSE 0.00035% NSE 0.0311% on premium
SEBI Turnover Charge
 0.0001% 0.0001%
Stamp Duty
 0.0001% on Buy 0.0001% on Buy
GST
 18% 18%

Leverage

MTF — Margin Trading Facility

Buy equity delivery shares with a fraction of the contract value upfront, and carry forward the balance — funded by Nikunj.

📈
Increased buying power — take a larger equity delivery position than your available funds alone would allow.
🔄
Carry forward positions — hold MTF positions beyond the trading day, subject to applicable margin requirements.
📋
Eligible securities only — MTF is available on a list of approved securities as defined by the exchange and Nikunj's risk policy, which may change from time to time.
⚠️
Leverage carries risk — MTF amplifies both gains and losses. Positions are subject to margin calls and may be squared off if margin requirements are not maintained.
Interest Rate
13% p.a.
Interest is charged on the funded amount for the period the MTF position is held, calculated daily and billed as per Nikunj's MTF policy. Rates are subject to change as per RBI/SEBI guidelines and prevailing market conditions — please confirm the current applicable rate with your Relationship Manager before using this facility.

Other Charges

Account & Miscellaneous Charges

Applicable to both plans. Levied by depositories, exchanges or SEBI — not Nikunj, unless stated otherwise.

Account Charges
Account OpeningFree
Demat AMC₹300/year
Trading AMCFree
Nomination UpdateFree
Transaction Charges
MTF Interest Rate13% p.a.
Auto Square-off₹50 per position
Pledge / Unpledge₹20 per ISIN
Delayed Payment (DPC)0.05%/day
Depository (CDSL / NSDL)
DP Sell Charge₹20 per scrip
Off-Market Transfer₹25 per transaction
Demat of Securities₹50 + ₹5/cert
GST (on brokerage)18%

Frequently Asked

Pricing Questions

On the Nikunj Direct plan, brokerage is a flat ₹20 per executed order for all F&O and Intraday trades — regardless of trade size. Equity delivery trades are charged at the same flat rate of ₹20 per order.
Nikunj Direct is a fully digital, self-service plan suited for independent investors. Nikunj Relationship adds a dedicated Relationship Manager, personalised portfolio support, physical branch access and priority research reports — ideal for investors who want ongoing human support alongside their digital tools.
Yes. Opening your Demat + Trading account with Nikunj is completely free. The only annual recurring charge is the Demat AMC of ₹300/year, levied by the depository (CDSL/NSDL).
Nikunj offers regular mutual fund plans across a wide range of schemes, with SIPs starting from as low as ₹100, on both plans. As a regular plan distributor, Nikunj earns a small distribution commission from the AMC — this does not add any extra cost to you directly.
MTF (Margin Trading Facility) lets you buy eligible equity delivery shares by paying only a fraction of the value upfront, with Nikunj funding the balance. The applicable interest rate is 13% per annum on the funded amount, charged for the period the position is held. MTF involves leverage and carries risk — please speak with your Relationship Manager to understand margin requirements before using this facility.
All trades are subject to statutory charges levied by SEBI and the exchanges — including STT/CTT, exchange transaction charges, stamp duty, and 18% GST on brokerage. These are standard across all brokers and are not set by Nikunj. See the detailed charges table above for exact rates by segment.
Yes. You can upgrade from Nikunj Direct to Nikunj Relationship at any time by contacting our team. Simply reach out to your nearest branch or call 011-47030000 and we'll assist you.

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