Angel One set to end zero brokerage model

Angel One will end its zero brokerage model and introduce a new fee structure on November 1, 2024. Brokerage charges for cash and equity delivery transactions will be ₹20 or 0.1% plus GST per executed order. This change responds to SEBI's 'true to label' rules. While firms like HDFC Securities and Upstox have kept their rates unchanged, Zerodha plans to maintain free equity delivery. SEBI's uniform transaction charges and an increase in securities transaction tax (STT) have impacted traders, but Angel One's changes led to a 7% rise in its shares.



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