Trade Smart, Invest Better with
Upstox
Experience seamless online trading and investment with India's leading discount broker.
About Upstox
Upstox was incorporated in 2009, Upstox is the online discount broker which was founded in year 2009 by Ravi Kumar, Raghu Kumar, and Shrini Viswanath. Upstox’s parent company is RKSV securities limited which was founded in 2008 by the same three men. Upstox offers financial services like investment, online stock trading, derivatives trading, currency trading and commodity trading, mutual funds investment, Government securities Investments, advisory services, trading APIs and education content also. The company is headquartered in Mumbai, Maharashtra, India
Upstox is the member of the CDSL (Central Depository Services Limited)
Upstox is Backed by
Ratan Tata
Kalari Capital
Tiger Gold
Upstox offers a variety of services, including:
Trading :
Demat accounts :
Upstox provides free demat and trading account with sole owner, joint owner and minor account (Whose age is below then 18 year).
Mutual Funds :
Responsive Customer Support :
About Founders
Ravi Kumar co founder and chief executive officer (CEO) of Upstox, Ravi Kumar pursued a degree in computer science from the prestigious Indian Institute of Technology Bombay (IIT Bombay). After completing his degree, Ravi Kumar ventured to the United States, where he secured a position at Thinkorswim, a trading platform that was a flagship of TD Ameritrade. In 2009, Ravi Kumar joined forces with Shrini Viswanath and Kavitha Subramanian to co-found Upstox, initially known as RKSV Securities.
Raghu KumarRaghu, who is four years younger than Ravi, studied actuarial science where he trained himself on numbers and probability. He was also influenced by his brother’s passion for trading.Ravi’s decision to join a broking firm (Thinkorswim) in 2004 was the turning point for the brothers. There he took interest in the forex markets that were open 24x7 throughout the year. When Raghu graduated in 2006, he began to write algorithms which Ravi coded, this helped them trade successfully. They decided to set up their own partnership in trading.
However, in the 2008 crisis, no algorithm could help them crack the US markets then they decided to break from the US market and entered to Indian Market.
However, in the 2008 crisis, no algorithm could help them crack the US markets then they decided to break from the US market and entered to Indian Market.
Shrini Viswanath - Shrini Viswanath Co-Founder at Upstox, which is a Financial Software company. Their management level is C-Level. Shrini is currently based in Mumbai, India.
Documents required for a demat account with Upstox- A Scan Copy of PAN CARD required
- A Signature required as per PAN Card on white paper.
- Proof of identification (POI) - PAN CARD, or Voter ID, or Passport, any ID card issued by the central or state government with applicant's photo.
- Proof of Address (POA) - ADHAR Card, or Ration card, or Passport, or Voter ID, verified copies of electricity bills.
- Proof of Address (POA) - ADHAR Card, or Ration card, or Passport, or Voter ID, verified copies of electricity bills.
- Income Proof - 6-month Bank statement, or ITR with income Computation, or Salary Slip, or Net worth certificate or Copy of Form 16 or demat holding you may attach for derivatives segments.
- A-These documents are necessary for the KYC (Know Your Customer) process and to verify your identity and address.
- B- It is important to link your Aadhar number with demat account because it is mandatory by government of India.
- C- PAN and Adhar Linking should be done it is also mandatory by government of India.
Brokrage and All Charges
| Segment | Charges |
|---|---|
| Trading & Demat Account Opening | Free |
| Annual Maintenance Charges (AMC) | Lifetime Free in Limited period offer |
| DP Charges | 18.50 + 18% GST per script |
Brokrage
| Segment | Charges |
|---|---|
| Intraday | 0.05% or Rs 20 per order which is lower. |
| Delivery | 20 Brokerage on Delivery |
| Intraday | 0.05% or Rs 20 per order which is lower. |
| Future | 0.05% or Rs 20 per order which is lower. |
| Option | Flat Rs 20 per order |
| Currency | 0.05% or Rs 20 per order which is lower. |
| MCX(Future) | 0.05% or Rs 20 per order which is lower. |
| Mutual Fund | Free |
| Call and Trade | ₹50 per executed order |
| Admin Square Offe | ₹50 per executed order |
Statutory Charges
| S.C. | Equity Delivery | Equity Intraday | Equity Futures | Equity Options |
|---|---|---|---|---|
| STT/CTT (Upto 31st March 2023) | 0.1% on buy & sell | 0.025% on the sell side | 0.01% on sell-side | 0.05% on sell-side (on premium) |
| STT/CTT (From 1st April 2023) | 0.1% on buy & sell | 0.025% on the sell-side | 0.0125% on sell-side | 0.0625% on sell-side (on premium) |
| GST | 18% (on brokerage + transaction + demat charges) | 18% (on brokerage + transaction charges) | 18% (on brokerage + transaction charges) | 18% (on brokerage + transaction charges) |
| Stamp Duty | 0.015% or ₹1500 / crore on buy-side | 0.003% or ₹300 / crore on buy-side | 0.002% or ₹200 / crore on buy-side | 0.003% or ₹300 / crore on buy-side |
Exchange Fees
| E.F. | Equity Delivery | Equity Intraday | Equity Futures | Equity Options |
|---|---|---|---|---|
| Transaction charges (From 1st April 2023 to 31st March 2024) | NSE 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group | NSE : 0.00325% per trade on buy & sell. BSE :charges vary as per the scrip group | NSE Exchange turnover charge: 0.0019% BSE Nil | NSE :Exchange turnover charge: 0.050% (on premium) BSE : 0.0375% (on premium) |
| Transaction charges (From 1st April 2024) | NSE : 0.00322% per trade on buy & sell. BSE : charges vary as per the scrip | NSE : 0.00322% per trade on buy & sell. BSE : Charges vary as per the scrip group | NSE : Exchange turnover charge: 0.00188% BSE : Nil | NSE : 0.0495% (on premium) BSE : 0.0495% (on premium) |
SEBI Charges
| SEBI Charges | Equity Delivery | Equity Intraday | Equity Futures | Equity Options |
|---|---|---|---|---|
| SEBI Charges | ₹10/crore | ₹10/crore | ₹10/crore | ₹10/crore |
Margin
| Order type | Applicable margin on Equity | Applicable margin on (Index Futures, Stock Future, Index and Stock Option sell, NSE Currency Future, MCX Future) |
|---|---|---|
| Intraday order | 5x | 1x |
| CO/OCO order | 5x | 1x |
| Margin Trading Facility (MTF) | 5x | 1x |
| Note: No Margin for Options buying | ||
Charges Explanation
There are two types of charges are applied on trading or investing segments through Upstox
- Brokerage charges - Which goes to broker only who provide you trading facility, like Brokerage charges only.
- Government charges - These are multiple kind of charges who are applicable on each transaction who goes to government body.
- STT/CTT - Securities/Commodities transaction tax
- Levied by the Government on Securities and Commodities
- Charged on both buy and sell Stocks - Equity Delivery orders
- Charged only on sell Intraday and F&O orders
- May be more than the brokerage we charge
- GST - Goods and Services Tax
- Levied by the government on the services rendered.
- 18% of (brokerage + transaction charges + Demat)
- Stamp duty charges
- Stamp duty charges are a part of the state revenue system
- Applicable on the trading of Securities and Commodities
- in 2020, uniform stamp duty charges are applicable across all the states in India.
- Read morehttps://upstox.com/announcements/demat-account/revision-in-stamp-duty-rates-on-1st-july-2020
- STT/CTT - Securities/Commodities transaction tax
- REGULATORY Charges - These are multiple kind of charges who are applicable on each transaction who goes to government body and regulatory authorities.
- Transaction Charges
- Charged by exchanges (NSE, BSE, MCX) on the value of your transactions.
- BSE has revised transaction charges in XC, XD, XT, Z and ZP groups to ₹10,000 per crore w.e.f 01.01.2016. (XC and XD groups have been merged into a new group X w.e.f 01.12.2017)
- BSE has revised transaction charges in SS and ST groups to ₹1,00,000 per crore of gross turnover.
- SEBI Charges
- Charged at ₹10 per crore by Securities and Exchange Board of India for regulating the markets.
- DP (Depository participant) charges
- ₹18.5 + GST per scrip (irrespective of quantity), on the day, is debited from the trading account when stocks are sold. This is charged by the depository (CDSL) and depository participant (Upstox).
- Transaction Charges
Charges for other services
| Margin Against Demat Holdings (can be used for Futures buy and sell and Options Sell orders only | ₹50 + GST per scrip for pledging ₹50 + GST per scrip for un-pledging |
| Auto Square-off | ₹50 + 18% GST |
| Call & Trade | ₹50 + 18% GST |
| Account Maintenance Charges (AMC)* | ₹0* (Users onboarded before August 2021 might be charged a quarterly AMC of ₹75 + 18% GST or an annual AMC of ₹150 + 18% GST |
| Off-market (to transfer shares between brokers) | 1. Buy orders will continue to be charged at ₹100 or 1.5% of the transaction amount (whichever is lower) 2. 'Invest More' orders will be charged at ₹100 or 1.5% of the transaction amount (whichever is lower). 3. SIP orders will be charged at ₹10 or 1.5% of the transaction amount (whichever is lower) |
| Netbanking charges (Razorpay / Atom) | ₹7 (GST included) |
| Buyback/Takeover/Delisting Charges | ₹20 + GST |
| Offer For Sale | ₹20 + GST |
| Account Opening Fees | 0 |
| API Subscription Charges | Free |
| Interest on Delayed Payment | 0.05% per day on account debit (negative balance) |
| Pledge per ISIN | Rs 20 + GST is charged for every pledge |
| Unpledge per ISIN | Rs 20 + GST is charged for every unpledge |
Upstox Pros & Cons
| Pros | Cons |
|---|---|
| Lowest brokerage Max Rs 20 per order trade in each segment even delivery also | No 0 brokerage in delivery trade |
| Direct investment in mutual fund with no cost | No offline branches, its totally online discount broker |
| Cover Orders available | Bracket order is not available |
| Margin against share is available (MTF) is available. | |
| Available Good till Triggered (GTT) | No personal relationship manager |
| Excellent online trading platform like Website and Mobile App etc. | No research and advisory services |
| Trusted Broker | No monthly unlimited trading plans. |
| No software uses charges. | NRI trading account is not available |
Upstox Securities Private Limited Registration Details
| Segments | Registration Number |
|---|---|
| SEBI Registration No | INZ000315837 |
| NSE TM Code | 13942 |
| BSE TM Code | 6155 |
| CDSL Registration No | IN-DP-761-2024 |
| CIN | U65100DL2021PTC376860 |
F&Qs
After I sold a stock from holding, I didn’t received 100% money.
From 1st December 2020, SEBI peak margin rules have changed, by this if you sell a stock from the holding 80% amount will be credited in same day for trading and rest 20% will be credit next trading day. Total 100% withdrawable amount is available on T+2 onwards. To know more about this check SEBI’s peak margin rules.What is MTF in Upstox?
MTF is in Upstox Margin Trading Facility is a method to purchase stocks with only 50% of the required funds. You can borrow the remaining funds from Upstox for a nominal charge of Rs. 20 per day, in addition to brokerage charges of up to ₹20 per order.Is MTF chargeable?
Yes, the following charges are applicable on MTF orders over and above regular brokerageInterest : ₹20/day for every slab of ₹40,000 taken as MTFPledging charges : The cost of pledging, as well as un-pledging, is ₹20 + GST per scrip.
Can I withdraw my amount instantly in my Bank Account?
Yes, Upstox provides an instant withdrawal facility for some supported banks in trading days, instant withdrawal timing is 10:00 am to 4:00 pm.What is CTT?
Commodity Transaction Tax or CTT is just like Securities Transaction Tax (STT) and is applied on all transactions that are recognized as investments being made into domestic commodity exchanges. This type of tax was implemented in 2016. All transactions that are carried out in foreign commodity exchanges in foreign currencies are exempted from CTT. It is also not applied to agricultural commodities.
Attention: Don’t share login credentials or OTP to anyone even the Upstox team also. 
Notes
SIP (Systematic Investment Plan) - SIP stands for Systematic Investment Plan, this is a disciplined approach to investing in mutual funds or in equity stocks. It involves regularly investing a fixed amount of money at set of frequency, such as weekly, monthly, or quarterly, rather than a lump sum depending by the service provider. This is similar like bank RD (recurring deposits) and can be starts from a minimum Rs 100 - 500 per month.
SWP (Systematic Withdrawal Plan) - SWP stands for Systematic Withdrawal Plan, which is a mutual fund investment plan that allows investors to withdraw fixed amounts of money at regular frequencies from their investment. These frequencies can be weekly, monthly, quarterly, or yearly
Investments in the securities market are subject to market risks; read all the related documents carefully before investing.
Central Depository: In India, there are two depositories that hold your stock accounts for you. These are the CDSL (Central Depository Services Limited) and NSDL (National Securities Depository Limited).
SEBI Risk disclosures on derivatives -
- 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
- On an average, loss makers registered net trading loss close to ₹ 50,000
- Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
- Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
In a minor account, you can’t perform trading tasks like Intraday, Future and Option or other derivatives, Minor account can be used only for investment purposes.
The Child’s minor PAN, minor Adhar, and municipal birth certificate are required with parents or the appointed guardian’s documents.
Major Account is that, where you have full access for your demat and trading account which can be opened post 18-year-old.