Charges at a glance
About Alice Blue
Alice Blue (Alice Blue Financial Services Pvt Ltd) is a Bengaluru-based discount broker founded in 2006 by Sidhavelayutham M, offering trading and demat services across equity, F&O, currency, commodity and mutual funds on NSE, BSE and MCX. It is a SEBI-registered stockbroker and a depository participant with CDSL, serving traders through its ANT trading platform, web terminal and algo-trading tools.
Alice Blue's standout feature is its simple, uniform ₹20-per-order pricing across almost every segment, paired with ₹0 account opening and — since September 2024 — lifetime ₹0 AMC on both trading and demat accounts. Equity delivery brokerage is the lower of ₹20 or 2.5% per order, intraday and futures are the lower of ₹20 or 0.05% per order, and options carry a flat ₹20 per executed order.
Platforms
ANT Mobi App
The flagship mobile trading app — equity, F&O, currency and commodity trading with charting, watchlists and market data built for active traders.
ANT Web
Browser-based trading terminal covering equity delivery, intraday, F&O, currency and commodity, with no separate platform usage fee.
Trade Store & APIs
Algo-trading APIs and a marketplace of third-party tools such as Sensibull and Tickertape for advanced strategy and analytics.
Regulatory & statutory charges
Besides brokerage, every trade attracts STT/CTT, exchange transaction charges, SEBI charges, IPFT charges, GST and stamp duty. Most are fixed by the government/exchanges and are the same across brokers.
Calculate the exact charges for any trade upfront using our brokerage calculator.
Equity
| Charge | Equity delivery | Equity intraday | F&O – Futures | F&O – Options |
|---|---|---|---|---|
| Brokerage | ₹20 or 2.5%/order, whichever is lower | ₹20 or 0.05%/order, whichever is lower | ₹20 or 0.05%/order, whichever is lower | Flat ₹20 per executed order |
| STT/CTT | 0.1% on buy & sell | 0.025% on sell side | 0.05% on sell side | 0.15% on sell side (premium) |
| Transaction charges | NSE 0.00297% / BSE 0.00375% | NSE 0.00297% / BSE 0.00375% | NSE 0.00173% (on contract value) / BSE 0% | NSE 0.03503% / BSE 0.0325%–0.005% (on premium) |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| IPFT charges | 0.0001% of turnover | 0.0001% of turnover | 0.0001% of turnover | 0.0005% of turnover |
| Stamp duty | 0.015% (buy side) | 0.003% (buy side) | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + DP charges + other applicable service charges) | |||
Commodity
| Charge | Commodity futures | Commodity options |
|---|---|---|
| Brokerage | ₹20 or 0.05%/order, whichever is lower | Flat ₹20 per executed order |
| STT/CTT | 0.01% on sell side (non-agri) | 0.05% on sell side |
| Transaction charges | MCX 0.0021% / NSE 0.0001% | MCX 0.0418% / NSE 0.001% |
| SEBI charges | Agri ₹1/crore, Non-agri ₹10/crore | ₹10 / crore |
| Stamp duty | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |
Mutual funds
- Direct mutual fund investments on Alice Blue are ₹0 commission, with no transaction or redemption charges.
- Stamp duty of 0.005% applies on the purchase (buy) side of mutual fund units, as mandated by the government.
- STT of 0.001% applies only on redemption (sell) of equity-oriented mutual fund units.
Charges for account opening
| Type of account | Charges |
|---|---|
| Individual account | free |
| NRI account | not currently offered |
Demat AMC (Annual Maintenance Charge)
Alice Blue charges ₹0 AMC for life on both the trading and demat account, effective from September 2024, with no conditions or holding-value tiers.
Penalties & other charges
Charges that apply only in specific situations — good to know upfront so nothing catches you off guard.
Penalties
Other charges
Pros & cons
What users like
- ₹0 account opening and ₹0 AMC for life on both trading and demat accounts
- Simple, uniform ₹20-or-lower pricing across equity, F&O, currency and commodity
- ₹0-commission direct mutual funds, plus algo trading and third-party tools like Sensibull
- MTF available at a competitive ~18% p.a. (0.049%/day) with up to 4x leverage
What to watch for
- Equity delivery isn't free — up to ₹20 or 2.5% per order, unlike some rivals
- No NRI trading or demat accounts currently offered
- No native US stock investing, unlike some newer app-based brokers
Read what customers say about Alice Blue
Overall rating 1.0/5 based on 1 customer reviews — or share your own experience.