About Kotak Neo
Incorporated in 1994, Kotak Neo is a full-service stock broker offering 3-in-1 account (Bank + Trading + Demat Account) to retail investors in India. It offers investment in equities, derivatives (equities, commodities, currency) and mutual funds. It also offers services like Research SMS, margin trading, depository services and third-party products like insurance. The company also provides d... 
About Nuvama (Edelweiss)
Incorporated in 2008, Nuvama Wealth & Investment Limited (formerly Edelweiss Broking Ltd.) is a Mumbai, India-based full-service stockbroking firm.
The Retail Broking business of Nuvama offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutual Funds, IPOs, NCDs, Currency Derivatives, commodities, and Futures & Options.
Nuvama offers investment advice backed by research a...
Incorporated in 1994, Kotak Neo is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 153 branches across India. Incorporated in 2002, Nuvama (Edelweiss) is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India.
| Kotak Neo | Nuvama (Edelweiss) | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX |
| Year of Incorporation | 1994 | 2002 |
| Number of Branches | 153 | 237 |
| Open Kotak Neo Account |
Kotak Neo trading account opening charges is Rs 0 (Free) while Nuvama (Edelweiss) account opening changes is Rs 0 (Free). Kotak Neo Demat Account AMC Charges is Rs 600 and Nuvama (Edelweiss) Demat Account AMC Charges is Rs 500 (1st Year Free).
| Kotak Neo | Nuvama (Edelweiss) | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 | Rs 0 |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 600 | Rs 500 (1st Year Free) |
Kotak Neo Brokerage Charges for equity is 0.20% (free for the first 30 days) and intraday is Rs 10 per order or 0.05%, whichever is lower whereas Nuvama (Edelweiss) brokerage charges for equity is Rs 20 per executed order and Intraday is Rs 20 per executed order.
| Account Type | Kotak Neo Trade Free Plan | Nuvama (Edelweiss) Nuvama Lite Plus |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 0.20% (free for the first 30 days) | Rs 20 per executed order |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | Rs 20 per executed order |
| Equity Futures | Rs 10 per order | Rs 20 per executed order |
| Equity Options | Rs 10 per order | Rs 20 per executed order |
| Currency Futures | Rs 10 per order | Rs 20 per executed order |
| Currency Options | Rs 10 per order | Rs 20 per executed order |
| Commodity Futures | Rs 10 per order | 0.030% |
| Commodity Options | Rs 10 per order | Rs 50 / lot |
| Special Offer | Special Offer: Trade smarter with Kotak Neo low-cost plans. | Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| Kotak Neo | Nuvama (Edelweiss) | |
|---|---|---|
| Account Type | Trade Free Youth | Nuvama Elite |
| Fixed Charges | NA | |
| Equity Delivery | Rs 0 | 0.30% |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | 0.03% |
| Equity Futures | Rs 10 per order | 0.03% |
| Equity Options | Rs 10 per order | Rs 75 per lot |
| Currency Futures | Rs 10 per order | 0.02% |
| Currency Options | Rs 10 per order | Rs 20 per lot |
| Commodity Futures | Rs 10 per order | 0.015% |
| Commodity Options | Rs 10 per order | Rs 30 / lot |
| Open Kotak Neo Account |
| Kotak Neo | Nuvama (Edelweiss) | |
|---|---|---|
| Account Type | Trade Free Pro | Nuvama Lite Plus |
| Fixed Charges | Rs 249 | NA |
| Equity Delivery | 0.10% (free for the first 30 days) | Rs 20 per executed order |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | Rs 20 per executed order |
| Equity Futures | Rs 10 per order | Rs 20 per executed order |
| Equity Options | Rs 10 per order | Rs 20 per executed order |
| Currency Futures | Rs 10 per order | Rs 20 per executed order |
| Currency Options | Rs 10 per order | Rs 20 per executed order |
| Commodity Futures | Rs 10 per order | 0.030% |
| Commodity Options | Rs 10 per order | Rs 50 / lot |
| Open Kotak Neo Account |
| Minimum Brokerage | 0.03% Equity delivery, 0.01% Intra-day and Futures | |
| Other Charges | Margin Funding: 0.08%/day, Research: Rs 50 per month, | |
| Call & Trade Charges | Rs 49 + GST per executed order | Rs 20 per call |
| Open Kotak Neo Account |
Kotak Neo margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Nuvama (Edelweiss) margin for intraday trading is up to 20% of the trade value (4x leverage) based on the stock.
| Kotak Neo | Nuvama (Edelweiss) | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open Kotak Neo Account |
The trading platforms offered Kotak Neo include Kotak Neo Trading App, Kotak Neo Web, Nest Trading Terminal. Nuvama (Edelweiss) offers Nuvama Markets, Nuvama API Connect, Nuvama TX3, Nuvama Wealth trading software.
| Kotak Neo | Nuvama (Edelweiss) | |
|---|---|---|
| 3 in 1 Account |  |  |
| Automated Trading | | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | Kotak Neo Trading App, Kotak Neo Web, Nest Trading Terminal | Nuvama Markets, Nuvama API Connect, Nuvama TX3, Nuvama Wealth |
| Intraday Square-off Time | 3:20 P.M | 3:00 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | 3-in-1 account | OFS, Buyback, Rights Issue, NCD and NCD IPO |
| Open Kotak Neo Account |
Kotak Neo is rated of 5 based on 202 customer reviews whereas Nuvama (Edelweiss) is rated of 5 based on 79 customer reviews.
| Kotak Neo | Nuvama (Edelweiss) | |
|---|---|---|
202 Customer Reviews  | 79 Customer Reviews | |
| Fees |  |  |
| Brokerage |  | |
| Trading Platform |  |  |
| Customer Service |  |  |
| Research Capabilities |  | |
| Overall Rating | | |
| Broker Rating | Kotak Neo is Rated 2.4 / 5 based on 202 customer reviews | Nuvama (Edelweiss) is Rated 2.8 / 5 based on 79 customer reviews |
| Kotak Neo | Nuvama (Edelweiss) | |
|---|---|---|
| Contact Broker | Trade smarter with Kotak Neo low-cost plans. | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| Kotak Neo | Nuvama (Edelweiss) | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Kotak Neo | Nuvama (Edelweiss) | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open Kotak Neo Account |
| Kotak Neo | Nuvama (Edelweiss) | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Kotak Neo | Nuvama (Edelweiss) | |
|---|---|---|
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| Reviews | ||
| Promo / Offers | Kotak Neo Special OfferKotak Neo Trade Free Plan Open a 3-in-1 account and get:
Interested in opening a trading account? Open Instant Account Now | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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| Open Kotak Neo Account |
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