Kotak Neo Brokerage Calculator
Calculate Kotak Neo's brokerage, STT, GST, exchange charges, and DP charges for your trade — instantly, with no signup.
No state selector: since a 2020 amendment to the Indian Stamp Act, stamp duty on securities transactions is a single nationwide rate — it no longer varies by the trader’s state. Only how the revenue is distributed between states differs, not the rate you pay.
Total charges
₹735.03
Net P&L
₹4,264.97
Breakeven price
₹1,007.35
- Brokerage
- ₹410.00
- STT
- ₹205.00
- Exchange charges
- ₹6.29
- SEBI fees
- ₹0.21
- Stamp duty
- ₹15.00
- GST
- ₹74.93
- DP charges
- ₹23.60
- Gross P&L
- ₹5,000.00
- Kotak Neo runs multiple named plans, confirmed directly from kotakneo.com/pricing/trade-free-plan/ and kotakneo.com/pricing/trade-free-youth/: 'Trade Free Plan' (default, ₹0 account opening) is modeled here. 'Trade Free Youth' (under-30s, ₹99 account opening) and 'Trade Free Pro' (₹249/month subscription, lower delivery %) are separate plans not modeled — a Kotak Neo customer on either of those plans would see different numbers than this calculator shows.
- Delivery brokerage on the default Trade Free Plan is 0.20% of trade value on an ongoing basis, confirmed directly from Kotak Neo's own pricing page — but Kotak Neo also runs a recurring 'first 30 days free' delivery promotion on this same plan, so a brand-new account's first month will look cheaper than modeled here.
- Futures and options are both billed at the same flat ₹10/order rate under the Trade Free Plan, confirmed directly from Kotak Neo's own pricing page. A separate ₹39/lot options rate exists but applies specifically to Kotak's older 'Dealer Assisted Plan' (phone/dealer-placed orders), not the standard self-directed Neo app plan modeled here.
- DP charge is officially 0.04% of transaction value plus NSDL charges, subject to a ₹20 minimum per debit — a percentage-based structure this calculator's single flat-number DP field can't fully represent. ₹20 + 18% GST (₹23.6) is modeled as the floor/typical case; a large-value delivery sell could incur a higher DP charge on Kotak Neo than this page shows.
- AMC is ₹600/year, waived for accounts with holdings under ₹10,000 — not part of the per-trade calculation modeled here.
- Manually verified against kotakneo.com directly by the site owner on 2026-07-22, including confirming the default Trade Free Plan (rather than Youth or Pro) is the right plan to model here, and the 0.20% delivery rate and DP charge are accurate — no changes needed.
All calculations run entirely in your browser — nothing you enter here is sent to a server or stored anywhere.
About Kotak Neo
- Founded
- 1994
- Broker type
- discount
- Parent company
- Kotak Securities Limited (Kotak Mahindra Group)
Kotak Neo is the digital trading app of Kotak Securities Limited, the broking arm of Kotak Mahindra Group. Kotak Securities was incorporated in 1994, the same year Uday Kotak's original financial services company (founded 1985) went on to become Kotak Mahindra Bank in 2003 — one of the first Indian companies granted a banking licence by the RBI.
Kotak Neo represents Kotak's move to compete directly with pure discount brokers on price, while Kotak Securities also still runs an older 'Dealer Assisted Plan' for phone/relationship-manager-placed orders, priced closer to a traditional full-service model. That split matters for comparison shopping: search results and calculators that don't specify which Kotak plan they're quoting can mix numbers from either track without saying so.
Kotak Neo itself runs three overlapping self-directed plans — Trade Free Plan (the default), Trade Free Youth (for under-30s, with a small account-opening fee), and Trade Free Pro (a paid ₹249/month subscription with a lower delivery percentage). This page models the default Trade Free Plan; the other two would show different numbers.
Kotak Neo's charge structure
This calculator models Kotak Neo's default 'Trade Free Plan': 0.20% of trade value on equity delivery (after an initial 30-day zero-brokerage promotional window not reflected here), ₹10 per order or 0.05% of trade value (whichever is lower) on intraday, and a flat ₹10 per order on both futures and options — all confirmed directly from Kotak Neo's own pricing pages. Kotak Neo also offers Trade Free Youth (age-gated, ₹99 account opening) and Trade Free Pro (₹249/month, lower delivery rate), which aren't modeled here and would produce different totals. DP charge is officially 0.04% of transaction value plus NSDL charges, with a ₹20 minimum — a percentage-based structure this calculator approximates as a flat ₹20 + 18% GST (₹23.6), which may undercount on very large delivery sells.
| Trade type | Brokerage |
|---|---|
| Equity delivery | 0.2% of trade value |
| Equity intraday | 0.05% or ₹10.00 per order, whichever is lower |
| F&O futures | Flat ₹10.00 per order |
| F&O options | Flat ₹10.00 per order |
| DP charge (delivery sell only) | ₹23.60 per scrip |
Kotak Neo: pros & cons
Pros
- Backed by Kotak Mahindra Group, one of India's largest private banks, with the balance-sheet strength and brand trust that comes with a long-established banking parent.
- ₹10 flat F&O brokerage on the default plan is competitive against many discount brokers on this list, and the ₹10-or-0.05% intraday cap keeps small trades cheap.
- Free account opening on the default Trade Free Plan, with a first-30-days zero-brokerage delivery promotion for new accounts.
- Multiple plan tiers (Youth, standard, Pro) let different types of traders opt into a structure that fits them, rather than one-size-fits-all pricing.
Cons
- 0.20% delivery brokerage (after the 30-day promo ends) is meaningfully more expensive than the ₹0–₹20 flat or percentage-with-cap delivery pricing most discount brokers on this list charge — a real cost for buy-and-hold investors trading in larger sizes.
- The plan structure itself is a source of confusion: Trade Free Plan, Trade Free Youth, and Trade Free Pro all have different rates, and a separate legacy 'Dealer Assisted Plan' with per-lot options pricing exists alongside them — easy to compare the wrong numbers against a competitor.
- DP charges are percentage-based (0.04% + NSDL charges, minimum ₹20) rather than a flat per-scrip fee — large delivery sells can cost more in DP charges on Kotak Neo than the flat-fee model most other brokers on this list use.
- AMC (₹600/year, waived under ₹10,000 holdings) is a real recurring cost for accounts above that threshold, unlike brokers on this list with permanently-zero AMC.
How to open a Kotak Neo account
- 1Keep your PAN card, a proof of identity/address (Aadhaar, voter ID, driving licence, or passport), and a cancelled cheque or bank statement ready.
- 2Complete Kotak Neo's online account-opening form and verify your identity via Aadhaar-based e-KYC.
- 3Upload a photograph and complete eSign (Aadhaar OTP) to digitally sign the account-opening agreement.
- 4If you plan to trade F&O, you'll additionally need income/net-worth proof (a recent ITR acknowledgment, Form 16, 6-month bank statement, or a CA-certified net-worth certificate).
- 5Once verified, your trading and demat account is activated at no charge on the default Trade Free Plan, confirmed directly from Kotak Neo's own pricing page (the Trade Free Youth plan instead charges ₹99).
Ready to open an account with Kotak Neo?
Open a Kotak Neo accountFrequently asked questions
What is Kotak Neo's brokerage on delivery trades?
On the default Trade Free Plan, Kotak Neo charges 0.20% of trade value on equity delivery, confirmed directly from Kotak Neo's own pricing page — after an initial 30-day zero-brokerage promotional window for new accounts. This is higher than the flat or capped-percentage delivery pricing most discount brokers on this list use.
Is Kotak Neo the same as Kotak Securities?
Kotak Neo is the digital trading app and self-directed pricing track of Kotak Securities Limited, the broking arm of Kotak Mahindra Group (incorporated 1994). Kotak Securities also runs a separate, older 'Dealer Assisted Plan' for phone/relationship-manager-placed orders, priced differently (including a ₹39-per-lot options rate) from the Neo app's self-directed plans.
Does Kotak Neo have multiple pricing plans?
Yes — Trade Free Plan (the default, modeled on this page), Trade Free Youth (for under-30s, ₹99 account opening), and Trade Free Pro (a paid ₹249/month subscription with a lower delivery percentage). Each has different rates, so it's worth checking which plan a quote or calculator is using before comparing.
What is Kotak Neo's brokerage on F&O trades?
On the default Trade Free Plan, both futures and options are charged a flat ₹10 per order, confirmed directly from Kotak Neo's own pricing page. This is separate from the older Dealer Assisted Plan's per-lot options pricing, which doesn't apply to standard self-directed Neo app trading.
What are Kotak Neo's DP and AMC charges?
DP charges are 0.04% of transaction value plus NSDL charges, subject to a ₹20 minimum per debit — a percentage-based structure rather than the flat per-scrip fee most other brokers on this list charge. AMC is ₹600/year, waived for accounts holding under ₹10,000 in value. Both are confirmed directly from Kotak Neo's own site.
Related reading: Trading Charges Explained: STT, GST, Stamp Duty & Every Fee on Your Trade
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