Aditya Birla Money vs Zerodha: A Detailed Comparison
When selecting a stockbroker, it’s essential to understand the key differences between full-service brokers and discount brokers. This comparison between Aditya Birla Money and Zerodha highlights their features, brokerage charges, account opening fees, trading platforms, and other crucial aspects to help you make an informed choice.
Broker Type
Aditya Birla Money: Full-Service Broker
Zerodha: Discount Broker
Exchange Memberships
Aditya Birla Money: BSE, NSE, MCX
Zerodha: NSE, BSE, MCX, NCDEX
Year of Incorporation & Branch Network
Aditya Birla Money: Established in 1994 with over 800 branches.
Zerodha: Established in 2010 with 22 branches.
Account Opening & Maintenance Charges
Account Type
Aditya Birla Money
Zerodha
Trading Account Opening Charges
Rs 750
Rs 0
Trading Account AMC
Nil
Rs 0 (Free)
Demat Account Opening Charges
Nil
Rs 0
Demat Account AMC
Rs 436
Rs 300
Commodity Account Opening Charges
N/A
N/A
Brokerage Charges Comparison
Trading Segment
Aditya Birla Money
Zerodha
Equity Delivery
Rs 20 per order
Rs 0 (Free)
Equity Intraday
Rs 20 per order
Rs 20 per executed order or 0.03% (whichever is lower)
Equity Futures
Rs 20 per order
Rs 20 per executed order or 0.03% (whichever is lower)
Equity Options
Rs 20 per order
Rs 20 per executed order
Currency Futures
Rs 20 per order
Rs 20 per executed order or 0.03% (whichever is lower)
Currency Options
Rs 20 per order
Rs 20 per executed order
Commodity Futures
Rs 20 per order
Rs 20 per executed order or 0.03% (whichever is lower)
Commodity Options
N/A
Rs 20 per executed order
Minimum Brokerage
Rs 20 per executed order
0.03% in Intraday and F&O
Call & Trade Charge
Nil
Rs 50 per executed order
Auto Square-off Charges
N/A
Rs 50 per auto square-off
Margin & Leverage
Segment
Aditya Birla Money
Zerodha
Equity Delivery
100% of trade value (1x)
100% of trade value (1x)
Equity Intraday
Up to 20% of trade value (5x)
Up to 20% of trade value (5x)
F&O (Equity, Currency & Commodity)
100% of NRML margin (1x)
100% of NRML margin (1x)
Key Features & Trading Platform Comparisons
Feature
Aditya Birla Money
Zerodha
3-in-1 Account
No
No
Charting
Yes
Yes
Automated Trading
No
Yes
SMS Alerts
Yes
No
Online Demo
Yes
Yes
Online Portfolio
Yes
No
Margin Trading Funding
Yes
Yes
Margin Against Shares (Equity Cash)
Yes
Yes
Margin Against Shares (Equity F&O)
No
Yes
Trading Platforms
Etrade, Advanced Web, Mobile Invest
Kite Web, Kite Mobile (Android/iOS), Coin
Intraday Square-off Time
3:15 PM
Eq Cash: 3:15 PM, Eq F&O: 3:25 PM, Currency: 4:45 PM, Commodities: 25 min before close
Trading in SME Shares
No
Yes
Referral Program
No
Yes
Other Features
Insurance & Pension Scheme Available
Direct Mutual Funds, APIs for Algo Trading
Investment Options
Investment Type
Aditya Birla Money
Zerodha
Stock / Equity
Yes
Yes
Commodity
Yes
Yes
Currency
Yes
Yes
IPO
Yes
Yes
Mutual Funds
Yes
Yes
Bond / NCD
Yes
No
Debt
Yes
No
Order Types & Additional Features
Order Type
Aditya Birla Money
Zerodha
Bracket Order (BO)
No
No
Cover Order (CO)
No
Yes
Buy Today Sell Tomorrow (BTST)
No
Yes
Sell Today Buy Tomorrow (STBT)
No
No
After Market Order (AMO)
No
Yes
Good Till Cancelled (GTC)
Yes
Yes
Aditya Birla Money vs Zerodha – Pros and Cons
Pros
Aditya Birla Money
Zerodha
Offers a 2-in-1 account (Trading + Demat)
India’s leading broker in active clients, exchange volume, and brokerage revenue
No Call and Trade charges
Safe, reliable, and technologically advanced
Fund transfer facility available from more than 11 banks
Simple flat-fee brokerage across all segments
Portfolio Tracker for easy portfolio management
Free equity delivery trades
Free account opening for people under 25
Flat Rs 20 per trade for other segments
Excellent trading platforms (Kite)
Direct Mutual Fund investment available
Good Till Triggered (GTT) orders supported
NRI Trading account available
Cons
Aditya Birla Money
Zerodha
No online account opening facility
No stock tips, research, or recommendations
No brokerage calculator
Call & Trade costs Rs 50 per order
No Referral program
Auto Square-off is charged at Rs 50 per order
No 3-in-1 account
No monthly unlimited trading plans
No AMC-free Demat account
Final Verdict: Which One to Choose?
Choose Aditya Birla Money if you need a full-service broker with branch support, personalized advisory services, and access to insurance and pension schemes.
Choose Zerodha if you want a low-cost trading experience with zero brokerage on delivery trades, a robust trading platform (Kite), and advanced features like algorithmic trading and direct mutual fund investments.
By understanding these key differences, traders and investors can select the brokerthat best suits their needs.
