Kotak Securities Review 2026
Bank-group broker (Kotak Neo) · May suit: Low per-order cost for intraday and F&O
Kotak Neo charges ₹10 per order on F&O and ₹10 or 0.05% on intraday across its Trade Free plans. Delivery is 0.20% on the free plan, ₹0 on Trade Free Youth (under 30) and 0.10% on Trade Free Pro.
Fees checked on against the official pricing page.
At a glance
- Account opening
- ₹0 (₹99 Youth)
- AMC
- ₹50/month + GST (non-BSDA)
- Delivery
- 0.20% (₹0 Youth)
- Intraday
- 0.05% or ₹10
- Futures
- ₹10/order
- Options
- ₹10/order
- DP charge
- 0.04% (min ₹20) + GST/day
- MTF
- 14.99% p.a.
Overview
Kotak Securities, part of the Kotak Mahindra group, prices its Kotak Neo platform through three plans. All plans charge ₹10 per order on intraday and F&O, half the ₹20 common at discount brokers.
Delivery brokerage depends on the plan: 0.20% on the free Trade Free Plan, ₹0 on Trade Free Youth for under-30s, and 0.10% on the paid Pro plan.
Company & regulation
| Legal entity | Kotak Securities Limited |
|---|---|
| Founded | 1994 |
| Headquarters | Mumbai, Maharashtra |
| SEBI stock broker registration | INZ000200137 |
| Depository participant | IN-DP-629-2021 (NSDL & CDSL) |
| Account types | Individual (Trade Free, Trade Free Youth, Trade Free Pro plans) |
| Products | Equity, F&O, commodity, currency, mutual funds, IPO |
Verify registration on SEBI's register of stock brokers.
Kotak Securities charges
| Account opening | Free on the Trade Free Plan; Trade Free Youth has a ₹99 one-time fee (for under-30s). |
|---|---|
| Demat AMC | BSDA: ₹0 for holdings up to ₹4 lakh; ₹100 + GST a year for ₹4–10 lakh; above ₹10 lakh the account converts to non-BSDA. Non-BSDA: ₹0 in a month when the highest holding value is ₹1,000 or less; otherwise ₹50 + GST per month. |
| Equity delivery | Trade Free Plan: 0.20%. Trade Free Youth (under 30): ₹0. Trade Free Pro (₹249/month): 0.10%. |
| Equity intraday | ₹10 or 0.05% per executed order, whichever is lower (all Trade Free plans). |
| Futures | ₹10 per executed order. |
| Options | ₹10 per executed order. |
| DP charge (on selling delivery shares) | Once per stock (ISIN) per day. Trade Free plans: 0.04% of the value of securities sold, minimum ₹20, on delivery and BTST sells (mutual funds and ETFs ₹0 on market trades). Kotak's support page says digital plans are charged once per stock per day irrespective of quantity. Kotak's investing guide instead describes a per-sell-trade charge (see conflicts). GST is not stated on the tariff tab; the calculator adds 18%. |
| Margin trading (MTF) | 14.99% a year (0.041% per day) on the Trade Free Plan; 9.69% a year on Trade Free Pro. |
| Other notable charges | ₹0 brokerage for the first 30 days on the Trade Free Plan. Call & trade: ₹49 + GST per executed order. Switching fee for existing clients: ₹499 + GST. |
How Kotak Securities counts the DP charge
- Rule
- Once per stock (ISIN) per day
- Amount
- 0.04% of sale value, minimum ₹20 + 18% GST
Trade Free plans: 0.04% of the value of securities sold, minimum ₹20, on delivery and BTST sells (mutual funds and ETFs ₹0 on market trades). Kotak's support page says digital plans are charged once per stock per day irrespective of quantity. Kotak's investing guide instead describes a per-sell-trade charge (see conflicts). GST is not stated on the tariff tab; the calculator adds 18%.
Source: Kotak Neo – Trade Free Plan (Charges / Demat Charges / Other Charges tabs); Kotak Neo support – What does DP charge mean?. Checked 30 September 2026. Compare every broker's rule in our DP charges guide.
Where Kotak Securities's own sources disagree
- Kotak Neo's support article says DP on digital plans is charged once per stock per day, whatever the quantity. Kotak's investing guide (updated 22 May 2026) describes a per-sell-trade charge of ₹13.50 + GST for “KSL demat accounts”. We use the plan tariff and support article (0.04%, minimum ₹20, once per stock per day) and show the difference here.
We show the figure from the broker's main pricing page in the tables and note the other version here. Ask the broker to confirm which applies to your account.
Full fee schedule with sources
| Fee | Amount | Charged | Applies to | Source |
|---|---|---|---|---|
| Account opening | ₹0 | one-time | Trade Free | Kotak Neo – Trade Free Plan (Charges / Demat Charges / Other Charges tabs) |
| Account opening | ₹99 | one-time | Trade Free Youth (under 30) | Kotak Neo – Pricing plans |
| Brokerage – first 30 days | ₹0 | first 30 days | Trade Free | Kotak Neo – Trade Free Plan (Charges / Demat Charges / Other Charges tabs) |
| Brokerage – delivery | 0.20% | per executed order | Trade Free | Kotak Neo – Trade Free Plan (Charges / Demat Charges / Other Charges tabs) |
| Brokerage – delivery | 0% / 0.10% | per executed order | Trade Free Youth / Trade Free Pro (₹249/month) | Kotak Neo – Pricing plans |
| Brokerage – intraday | ₹10 or 0.05%, whichever is lower | per executed order | Trade Free | Kotak Neo – Trade Free Plan (Charges / Demat Charges / Other Charges tabs) |
| Brokerage – F&O (Equity F&O) | ₹10 | per executed order | Trade Free | Kotak Neo – Trade Free Plan (Charges / Demat Charges / Other Charges tabs) |
| Demat AMC | ₹0 | annual | BSDA, holdings up to ₹4 lakh | Kotak Neo – Trade Free Plan (Charges / Demat Charges / Other Charges tabs) |
| Demat AMC | ₹100 + GST a year | annual | BSDA, holdings ₹4–10 lakh | Kotak Neo – Trade Free Plan (Charges / Demat Charges / Other Charges tabs) |
| Demat AMC | ₹50 + GST a month | monthly, if max holding value in month > ₹1,000 | Non-BSDA | Kotak Neo – Trade Free Plan (Charges / Demat Charges / Other Charges tabs) |
| DP charge | 0.04% of value, min ₹20 | per stock per day on delivery/BTST sells | Trade Free, Youth, Max (digital plans) | Kotak Neo – Trade Free Plan (Charges / Demat Charges / Other Charges tabs) |
| MTF interest | 14.99% p.a. (0.041%/day) | Trade Free | Kotak Neo – Trade Free Plan (Charges / Demat Charges / Other Charges tabs) | |
| Call & trade | ₹49 + GST | per executed order | Trade Free | Kotak Neo – Trade Free Plan (Charges / Demat Charges / Other Charges tabs) |
Statutory charges (STT, exchange transaction charges, SEBI fee, stamp duty) and 18% GST are extra. Estimate a full trade in the brokerage calculator.
Platforms & apps
Kotak Neo is Kotak Securities' app and web platform. Plans differ mainly in delivery brokerage.
- Mobile: Kotak Neo app (Android, iOS)
- Web / desktop: Kotak Neo web
Research, support & margin
Research
Kotak Securities publishes research as a bank-group broker. Research is not personalised advice.
Customer support
Check Kotak Securities' website for current support channels.
Margin & MTF
MTF interest is 14.99% a year (0.041% per day) on the Trade Free Plan and 9.69% a year on the paid Trade Free Pro plan (₹249 a month).
Pros & cons
Pros
- ₹10 per order on intraday and F&O
- ₹0 delivery on Trade Free Youth (under 30)
- ₹0 brokerage for the first 30 days on the Trade Free Plan
- Bank-group broker
Cons
- 0.20% delivery brokerage on the default free plan
- Percentage DP charge (0.04%, minimum ₹20) costs more than flat-fee DP on large sales
- ₹50 + GST monthly AMC for non-BSDA accounts
- Plan choice adds complexity
Who Kotak Securities suits
Frequent intraday and F&O traders who want a lower per-order fee, and under-30 investors eligible for Trade Free Youth.
May not suit
Buy-and-hold investors on the Trade Free Plan placing large delivery orders.
For beginners
Under-30s should check eligibility for Trade Free Youth. Everyone else should compare the delivery rate against their typical order size.
Ready to compare? Check Kotak Securities's current charges on its official page before opening an account.
Visit Kotak Securities websiteCompare Kotak Securities
Frequently asked questions
What are Kotak Neo brokerage charges?
₹10 or 0.05% on intraday and ₹10 per order on F&O on all Trade Free plans. Delivery is 0.20% (Trade Free), ₹0 (Trade Free Youth) or 0.10% (Trade Free Pro).
What is Kotak Trade Free Youth?
A plan for investors under 30 with a ₹99 one-time fee, offering ₹0 delivery brokerage and ₹10 intraday/F&O.
What is Kotak Neo's DP charge?
On the Trade Free plans, 0.04% of the value of securities sold, with a minimum of ₹20, on delivery and BTST sells. Kotak's support article says it is charged once per stock per day, whatever the quantity.
Is Kotak Securities SEBI registered?
Yes. Kotak Securities Limited's SEBI registration is INZ000200137.
Sources
- Kotak Neo – Trade Free Plan (Charges / Demat Charges / Other Charges tabs) — accessed 30 September 2026
- Kotak Neo – Pricing plans — accessed 30 September 2026
- Kotak Neo support – What does DP charge mean? — accessed 30 September 2026
- SEBI – register of stock brokers — accessed 30 September 2026
- CDSL communiqué on SEBI's revised Basic Services Demat Account (BSDA) framework — accessed 30 September 2026
- SEBI press release: 93% of individual F&O traders incurred losses (FY22–FY24) — accessed 30 September 2026