[
  {
    "name": "Zerodha",
    "slug": "zerodha",
    "type": "discount",
    "website": "https://zerodha.com",
    "sourceUrl": "https://zerodha.com/charges/",
    "lastVerified": "2026-05-19",
    "fees": {
      "accountOpening": 0,
      "amc": null,
      "deliveryBrokerage": 0,
      "intradayBrokerageText": "Flat Rs 20 or 0.03%, whichever is lower",
      "foBrokerageText": "Flat Rs 20 on options; Rs 20 or 0.03% on futures",
      "dpCharges": null
    },
    "platforms": ["Kite", "Console", "Coin"],
    "features": ["Free equity delivery", "Direct mutual funds", "Large ecosystem"],
    "pros": ["Transparent pricing", "Strong education and support content"],
    "cons": ["No bundled research desk for advisory-style investors"]
  },
  {
    "name": "Dhan",
    "slug": "dhan",
    "type": "discount",
    "website": "https://dhan.co",
    "sourceUrl": "https://dhan.co/pricing/",
    "lastVerified": "2026-05-19",
    "fees": {
      "accountOpening": 0,
      "amc": 0,
      "deliveryBrokerage": 0,
      "intradayBrokerageText": "Rs 20 or 0.03%, whichever is lower",
      "foBrokerageText": "Rs 20 per executed order",
      "dpCharges": 12.5
    },
    "platforms": ["Dhan App", "Dhan Web", "TradingView integration"],
    "features": ["Zero AMC for individuals", "TradingView-first workflows"],
    "pros": ["Useful for active traders", "Transparent public pricing"],
    "cons": ["Advanced tools may be unnecessary for casual investors"]
  },
  {
    "name": "Groww",
    "slug": "groww",
    "type": "discount",
    "website": "https://groww.in",
    "sourceUrl": "https://groww.in/pricing",
    "lastVerified": "2026-05-19",
    "fees": {
      "accountOpening": 0,
      "amc": 0,
      "deliveryBrokerage": null,
      "intradayBrokerageText": "Rs 20 or 0.1%, whichever is lower; minimum Rs 5",
      "foBrokerageText": "Check official pricing before trading",
      "dpCharges": 20
    },
    "platforms": ["Groww App", "Groww Web"],
    "features": ["Simple investing interface", "Zero AMC"],
    "pros": ["Beginner-friendly", "Good mutual fund discovery"],
    "cons": ["Delivery brokerage is not the same as zero-delivery brokers"]
  },
  {
    "name": "Shoonya by Finvasia",
    "slug": "shoonya",
    "type": "discount",
    "website": "https://shoonya.com",
    "sourceUrl": "https://faq.shoonya.com/pricing/what-are-your-brokerage-and-other-charges/",
    "lastVerified": "2026-05-19",
    "fees": {
      "accountOpening": 0,
      "amc": 0,
      "deliveryBrokerage": 0,
      "intradayBrokerageText": "0.03% or Rs 5, whichever is lower",
      "foBrokerageText": "Rs 5 plus GST for options; 0.03% or Rs 5 for futures",
      "dpCharges": null
    },
    "platforms": ["Shoonya Web", "Shoonya App"],
    "features": ["Low brokerage", "Zero AMC"],
    "pros": ["Very low stated brokerage", "Useful for cost-sensitive traders"],
    "cons": ["Users should verify current platform and support fit"]
  },
  {
    "name": "m.Stock",
    "slug": "mstock",
    "type": "discount",
    "website": "https://www.mstock.com",
    "sourceUrl": "https://images.mstock.com/emailer-images/149-existing-customers/pdf-file/revised-charges-m-stock.pdf",
    "lastVerified": "2026-05-19",
    "fees": {
      "accountOpening": null,
      "amc": null,
      "deliveryBrokerage": 0,
      "intradayBrokerageText": "Rs 5 per order for intraday and F&O according to m.Stock article",
      "foBrokerageText": "Rs 5 per order according to m.Stock article",
      "dpCharges": null
    },
    "platforms": ["m.Stock App", "m.Stock Web"],
    "features": ["Zero delivery brokerage", "Low stated intraday/F&O order charge"],
    "pros": ["Cost-focused pricing", "Backed by Mirae Asset group branding"],
    "cons": ["Verify plan terms before account opening"]
  }
]