discountSEBI: INZ000163138100% Primary SourcesWatchdog Monitored

m.Stock

Mirae Asset Capital Markets (India) Private Limited

Founded 2022Mumbai, MaharashtraExchanges: NSE, BSE, MCXDepository: CDSL, NSDL

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Official Tariff Document: m.Stock Pricing & Demat Account Charges Schedule (Audited: 2026-11-03)

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Discount Brokerage ModelFounded 2022

Executive Profile: m.Stock

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m.Stock operates on a technology-first discount brokerage structure. It offers low-friction order routing, unbundled research, flat execution commissions, and direct access to NSE, BSE, and MCX exchanges without percentage-based turnover fees.

Legal EntityMirae Asset Capital Markets (India) Private Limited

SEBI RegistrationINZ000163138

Exchange ClearancesNSE, BSE, MCX

Depository AffiliationCDSL, NSDL

Key Tariff Snapshot

Audited against primary broker schedules

Equity Delivery

₹10

Holding stocks overnight (CNC)

Equity Intraday

₹10

Day trading stocks (MIS)

Equity Options

₹10

Flat per executed contract

CDSL DP Charge

₹18.00 + GST

Per scrip debited on sell

Demat AMC

₹0

Annual account maintenance

Trading API Cost

₹0 Free API

Programmatic algorithmic access

Trading Brokerage Schedule

Dynamic broker commissions across capital and derivative market segments. Statutory taxes (STT, GST, Stamp duty) are levied separately per regulatory schedules.

Equity Delivery

Buying and holding stocks overnight (CNC/Delivery)

Note: ₹0 Brokerage for the first 30 days; Flat ₹10 per executed order thereafter

₹10

Equity Intraday

Day-trading stocks squared off before market close (MIS)

Note: ₹0 Brokerage for the first 30 days; Flat ₹10 per executed order thereafter

₹10

Equity Futures

Index & stock futures contracts (NSE/BSE)

Note: ₹0 Brokerage for the first 30 days; Flat ₹10 per executed order thereafter

₹10

Equity Options

Options contracts executed on premium turnover

Note: ₹0 Brokerage for the first 30 days; Flat ₹10 per executed order thereafter

₹10

Demat & Account Tariffs

Onboarding, annual depository maintenance (AMC), and depository debit charges on equity delivery sales.

Trading Account Opening

One-time onboarding and account setup fee

Note: ₹0 Online Trading & Demat Account opening fee

₹0 Free

Demat AMC (Annual Maintenance)

Yearly depository maintenance charge

Note: ₹0 Demat AMC on current Flat ₹10 plan (No subscription fee; legacy plan charged ₹120/quarter)

₹0 Free

DP (Depository Participant) Charge

Charged by depository + broker per scrip debited on sell

Note: ₹18.00 + GST per debit transaction per scrip on sell (₹12.50 depository fee + ₹5.50 mStock markup; Total ₹21.24 incl. GST)

₹18.00 + GST

Ancillary & Hidden Charges

Operational and risk management penalty fees that are often omitted from prominent marketing materials.

Call & Trade Charge

Fee per order placed via broker dealer desk

Note: ₹0 Free Call & Trade service as per current official tariff schedule (previously ₹50 + GST)

₹0 Free

RMS Auto-Square Off

Charged when risk management auto squares off margin shortfall

Note: ₹100 + GST per executed order for open intraday positions squared off by the system (highest among discount brokers)

₹100 + GST

Physical Contract Note

Dispatched via postal courier per contract request

Note: ₹100 per request + ₹100 per courier for physical contract notes or ledger statements

₹100 per request + ₹100 courier

Pledge / Unpledge Fee

Fee per scrip for collateral margin pledging

Note: ₹0 Free margin pledge creation fee per PSN per day

₹0 Free

Complete Brokerage Schedule

Explore itemized commissions for delivery, intraday, futures, and options contracts with verified provenance links on every row.

Ancillary Fees & Penalty Audit

Review secondary penalty fees, RMS auto square-off charges, call & trade desks, and MTF interest rates.

SEBI Investor Redressal & Support

SEBI complaints escalation matrix and customer support ticketing portals.

Complaints Escalation Support Portal