Upstox

RKSV & now Upstox , set up in 2011, was founded by three young men – Ravi Kumar, Raghu Kumar and Shrini Vishwanath. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix.

About RKSV or Upstox

It offers trading of stocks, futures, options, currencies and commodities on all the recognized Indian stock exchanges i.e. BSE, NSE, MCX and MCX-SX.  For trading in commodities exchnages, RKSV has set up a separate legal entity which is like its sister concern.

The two co-founders Ravi and Raghu operated a proprietary trading fund in United States for around 3 years before setting up RKSV.

Upstox’s Trading Platforms

Upstox offers mobile and website based trading. Upstox’s trading platform is build in-house by RKSV to make it extremely easy to place orders through mobile as well as web browser. As of now no trading terminal is available though Upstox.

Upstox Web & Mobile Trading Platforms

Upstox Trading Plans

Upstox offer two trading plans to the customers; Basic and Priority Plan. The comparison of these plans is provided as below:

 Upstox Basic PlanUpstox Priority Plan
Brokerage  
Equity DeliveryFreeFree
Equity F&O, Commodity and Currency₹20 per trade or 0.01% (whichever is lower)₹30 per trade or 0.05% (whichever is lower)
 
Margin – Intraday  Upstox Basic Plan   Upstox Priority Plan
NSE/BSE Cash15x20x
Index Futures4x6x
Stock Futures4x4x
Index Option Sell4x6x
Stock Option Sell4x4x
NSE Currency4x4x
MCX Future2.5x3x
 
Margin – CO/OCO Orders    Upstox Basic Plan   Upstox Priority Plan
NSE/BSE Cash20x25x
Index Futures4x7x
Stock Futures4x6x
NSE Option Buy1.33x2x
Index Option Sell4x5x
Stock Option Sell4x5x
NSE Currency4x5x
MCX Future3x4x

Upstox Special Offers

Limited Time Offer – Free Account Opening (₹300 waived)

Open Upstox Trading Account and get FREE Trading, Demat and Mutual Fund Account + FREE Equity Delivery Trades (no brokerage) + Intraday and F&O Trades at flat ₹20 per order.

Upstox Brokerage Charges

  • Upstox Trading Account Opening Charges (One Time): ₹150 for Equity and F&O, ₹150 for Commodity
  • Upstox Trading Annual maintenance charges (AMC): ₹0
  • Upstox Demat Account Opening Charges (One Time): ₹0
  • Upstox Demat Account Annual Maintenance Charges (AMC): ₹150 per year (paid upfront)
  • Total Account Opening Fee: ₹531 (as ₹150 + ₹150 + ₹150 + ₹81 (18% GST))

Upstox Trading Brokerages

1. Plan 1 – Upstox (Upstox Basic)

  • Equity Delivery Based Trades: ₹0 (no trade limit)

2. Plan 2 – Upstox Pro

  • Equity Delivery Based Trades: ₹0 (Free Unlimited Equity Delivery Trades)
  • Equity Intraday Trades: 0.01% or ₹20 per executed order (Whichever is lower)
  • Equity Future: 0.01% or ₹20 per executed order (Whichever is lower)
  • Equity Options: ₹20 per executed order (on Turnover)
  • Currency Futures: 0.01% or ₹20 per executed order (Whichever is lower)
  • Currency Options: ₹20 per executed order
  • Commodity Futures: 0.01% or ₹20 per executed order (Whichever is lower)

Upstox Brokerage Fee in Detail

Upstox ChargesEQUITY DeliveryEQUITY Intraday
Upstox Basic Brokerage₹0Not Applicable
Upstox Pro Brokerage₹0₹20/Trade
STT0.1% on both Buy and Sell0.025% on the Sell Side
Transaction / Turnover Charges₹350/crore₹350/crore
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges₹15/Crore₹15/Crore
Upstox ChargesFuturesOptions
Upstox Basic BrokerageNot ApplicableNot Applicable
Upstox Pro Brokerage₹20/Trade₹20/trade
STT0.017% on Sell Side0.017% on Sell Side(on Premium)
Transaction / Turnover Charges₹210/crore₹5500/crore on premium turnover
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges₹15/Crore₹15/Crore
Upstox ChargesCurrency FuturesCurrency Options
Upstox Basic BrokerageNot ApplicableNot Applicable
Upstox Pro Brokerage₹20/Trade₹20/trade
STTNo STTNo STT
Transaction / Turnover Charges₹155/crore₹6000/crore on premium turnover
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges₹15/Crore₹15/Crore
Upstox ChargesCommodity Futures
Upstox Basic BrokerageNot Applicable
Upstox Pro Brokerage₹20/Trade
CTT0.01% only on the sell side
Transaction / Turnover Charges₹260/crore (₹210 Transaction + ₹50 Clearing Charges)
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge
SEBI Charges₹15
Stamp Charges₹100/Crore

Other Charges (Upstox Broker Hidden Charges / Fees):

  1. Call & Trade: ₹20 per executed order
  2. Physical contract notes: ₹25 per contract note plus courier charges. (Digital contract notes are free.)
  3. Instant Money Transfer Fee: ₹7 per transfer

Upstox Demat Account Charges

Upstox offers demat account service (or DP or depository services). The Upstox fees for demat account transitions are as below:

Demat TransactionsDemat Charges
Annual Maintenance charges (AMC)₹150 per year (paid up-front every year)
Transaction charges (Market/Off Market / Inter-depository Transactions)₹13 + ₹5.50 (CDSL charges) per scrip
Pledge Charges Creation / Closure and Confirmation of both0.02% of transaction charges subject to a minimum of ₹50 + NSDL/CDSL charges at actual
Pledge Charges for Invocation0.05% of transaction charges subject to a minimum of ₹50
Dematerialization Charges₹2 per certificate + courier charges of ₹35 per demat request for every 500 grams.
Rematerialization Charges₹25 per certificate or 0.05% of the value whichever is higher
SLB ChargesFor Securities Borrowings: ₹25 + NSDL/CDSL charges at actual
For Securities Lending: ₹25 + NSDL/CDSL charges at actual
Repurchase / Redemption Charges₹25 per transaction + Depository charges at actual
Failed or Rejected Transactions₹50 per transaction
Demat Rejection Charges₹35 per rejection for every 500 grams
Adhoc / Non periodic statement requestsAdhoc statement requests – ₹25 (₹500 for foreign address) per request upto 10 pages. Every additional 5 pages or a portion thereof will be charged at ₹10 + courier / postage charges.
E-Mail StatementFree periodic bills, transaction statement and other communication through email.
Cheque Bounce chargesCharges applied based on charges as determined by our bankers
Back to top