Charges at a glance
About Lemonn
Lemonn (formerly known as NU Investors Technologies Pvt Ltd) is the stock broking platform of PeepalCo, a Mumbai-headquartered wealth-tech group founded by Ashish Singhal, Govind Soni and Vimal Sagar Tiwari. Launched in 2020, Lemonn is registered with SEBI and is a depository participant with CDSL, and is a member of NSE and BSE, offering equity delivery, intraday, equity F&O, direct mutual funds, IPOs, and bonds & NCDs. It does not currently offer currency or commodity derivatives trading.
Lemonn runs a flat, predictable brokerage structure of ₹20 per executed order across equity delivery, intraday and F&O, rather than the ₹0-delivery-plus-small-order-fee model used by some rivals. It added F&O trading in 2024 and layered on Margin Trading Facility (MTF) with up to 4x leverage on 1,400+ stocks at 12.99% p.a., alongside SmartInvest, a built-in algo-trading tool aimed at retail investors who don't code. Direct mutual funds — including SIPs from ₹100 across 3,000+ schemes from 40+ fund houses — are commission-free, while the demat account carries a ₹250 + GST annual maintenance charge rather than being free for life.
Platforms
Lemonn App & Web
Mobile app, web trading terminal and the Trade Station EXE desktop platform, with TradingView-integrated charting, real-time data, order slicing and customised watchlists for active traders.
SmartInvest
A built-in algo-trading tool with pre-built strategies and one-tap instant exit, designed for retail investors who don't have coding or technical skills.
MTF (Margin Trading Facility)
Trade-now-pay-later margin funding with up to 4x leverage on 1,400+ stocks at 12.99% p.a., including a Power SIP option that combines MTF with stock SIPs.
Regulatory & statutory charges
Besides brokerage, every trade attracts STT/CTT, exchange transaction charges, SEBI charges, GST and stamp duty. These 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 | Flat ₹20 per executed order | Flat ₹20 per executed order | Flat ₹20 per executed order | 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); 0.15% of intrinsic value if exercised |
| Transaction charges | NSE 0.00297% / BSE 0.00375% | NSE 0.00297% / BSE 0.00375% | NSE 0.00183% / BSE 0% | NSE 0.03553% / BSE 0.0325% (on premium) |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.015% (buy side) | 0.003% (buy side) | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |||
Lemonn does not currently offer currency or commodity derivatives trading — only equity delivery, intraday and F&O, plus mutual funds, are available.
Mutual funds
- Direct mutual fund investments on Lemonn are ₹0 commission, including SIPs from ₹100, across 3,000+ schemes from 40+ fund houses.
- 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 |
| HUF account | free |
Demat AMC (Annual Maintenance Charge)
Lemonn charges ₹250 + GST per year as demat account AMC — unlike some discount brokers that offer lifetime-free AMC, this is a recurring annual cost on top of trading charges.
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
- Simple, predictable flat ₹20 per order across equity delivery, intraday and F&O
- Free account opening, with commission-free direct mutual funds and SIPs from ₹100
- MTF with up to 4x leverage on 1,400+ stocks at a competitive 12.99% p.a.
- SmartInvest, a built-in no-code algo-trading tool with pre-built strategies
What to watch for
- No currency or commodity derivatives trading segments
- ₹250 + GST annual demat maintenance charge, unlike brokers offering lifetime-free AMC
- Equity delivery is not free — every executed order carries the flat ₹20 brokerage
Read what customers say about Lemonn
Overall rating 1.0/5 based on 1 customer reviews — or share your own experience.