ETFs trade like shares, so delivery brokerage, AMC and a clean buy flow decide the ranking — with SIP options compared.
✓ Pricing last verified 22 Sept 2026 against official sources.
Updated 22 Sept 2026 · Educational comparison, not personalised advice.
At a glance: 31 of 31 brokers qualify · 28 support mutual funds · cheapest delivery brokerage from ₹0 · cheapest AMC from ₹0
✓₹0 delivery
✓Low AMC
✓ETF SIPs
✓Index research
Who is this guide for?
This guide is for investors focused on ETFs and passive index investing who care about delivery charges, platform simplicity and automated ETF SIPs.
ETFs trade on the exchange exactly like shares: every buy pays delivery brokerage (₹0 at most discount brokers) plus STT, exchange and GST, and every sell adds DP charges. The ranking weights those delivery-economics first.
The ETF-vs-index-fund decision is closer than it looks. A Nifty ETF with a 0.05% expense ratio beats an index fund at 0.15% by 0.10% yearly — but each monthly ETF buy pays delivery brokerage plus ~0.1% STT and DP on eventual sale, while the fund has zero transaction costs. Below roughly ₹10,000 per month, the direct index fund usually wins all-in; above it, the ETF pulls ahead. Either way, a broker charging delivery brokerage flips the maths against ETFs, which is why this table only lists brokers with ₹0 delivery or free opening.
Note: our data does not track per-broker ETF SIP automation separately — confirm basket/SIP features on the broker's review page before opening an account.
TL;DR
ETFs trade like shares, so ₹0 delivery is non-negotiable — anything else wipes out the expense-ratio edge over index funds. The picks below pair free delivery with low AMC; confirm basket or scheduled buying so monthly investing stays automatic.
Ranked by the same transparent scorer as the find-my-broker quiz — editorial rating plus persona fit over live fee data. A starting point for research, not personalised advice.
Every broker below, scored for etf investors on delivery brokerage, AMC, account opening, DP charges plus mutual-fund support, platform scores. Sort any column, filter to what matters to you.
Top 8 of 31 · click a column header to sort
Best broker for ETF investors compared: Delivery, AMC / year, Account opening, DP charge, Mutual funds, Platform
Lowest marks the cheapest listed figure per column; slab plans may cost less for small trades. † means we haven't re-verified that figure yet. Statutory charges (STT, exchange, SEBI, GST, stamp duty) apply equally everywhere — see the true cost of a trade.
ETF investors need the same thing long-term investors need — ₹0 delivery and low AMC — plus one extra: a way to automate monthly buys, since manual orders every month is where discipline dies. If your broker lacks basket or scheduled buying, a direct index fund SIP is the better product, not a worse broker. Excluded brokers charge delivery brokerage that wipes out the ETF expense-ratio edge entirely.
How we compare brokers
Every broker is scored by the same transparent scorer as the find-my-broker quiz — editorial rating plus persona fit over live fee data. The comparison for this guide considers:
✓Equity delivery brokerage (effective ₹ at a ₹50k order size)
✓AMC and account-opening charges
✓In-app mutual-fund support (proxy for passive-product depth)
✓Platform and onboarding scores plus editorial rating
Labels like “lowest” are computed from the fee figures in the table above — never assigned by hand. Verify pricing on the official site before opening an account.
FAQs
Which broker is best for ETF investing?+
One with ₹0 delivery brokerage, low AMC and a clean ETF buy flow. Since ETFs trade like shares, compare the same delivery-economics factors as long-term stock investors.
Are ETFs cheaper than mutual funds?+
Often slightly: index ETFs carry very low expense ratios, but you pay brokerage and DP charges per transaction, while direct mutual funds have none. For small monthly SIPs, direct index funds can win on all-in cost.
Can I automate ETF SIPs?+
Some brokers offer basket or scheduled ETF buying; others require manual orders each month. Confirm automation features on the broker's review page — we do not track this per broker yet.
ETF vs index fund — which costs less overall?+
Compare all-in: ETFs pay delivery brokerage plus ~0.1% STT per buy and DP on sale, while direct index funds have zero transaction costs. Below roughly ₹10,000/month the fund usually wins; above it the ETF's lower expense ratio pulls ahead.
Why is my ETF market price different from its NAV?+
ETFs trade live, so price reflects real-time supply and demand plus a bid-ask spread — thin-volume ETFs can trade wide of NAV. Use limit orders and prefer high-volume ETFs; check tracking difference in the factsheet over months, not days.
Affiliate disclosure: LetsInvest earns a commission if you open an account via links on this page — at no extra cost to you. Rankings are editorial and never sold. Read how we make money and our methodology.
How we research. Every fee on this site carries a source and a verification date. Data is re-checked against official broker pages; read our editorial methodology. LetsInvest is a research publication, not a financial adviser — see our terms.
