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 Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Groww Invest Tech Pvt Ltd, which is a SEBI-registered stockbroker and a member of NSE and BSE.
Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offe...
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 2016, Groww is a Discount Broker. It offers trading at NSE, BSE, MCX. It has 0 branches across India.
| Kotak Neo | Groww | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | BSE, NSE, MCX, NCDEX | NSE, BSE, MCX |
| Year of Incorporation | 1994 | 2016 |
| Number of Branches | 153 | 0 |
| Open Kotak Neo Account | Open Groww Account |
Kotak Neo trading account opening charges is Rs 0 (Free) while Groww account opening changes is Rs 0 (Free). Kotak Neo Demat Account AMC Charges is Rs 600 and Groww Demat Account AMC Charges is Rs 0.
| Kotak Neo | Groww | |
|---|---|---|
| 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 |
| Demat Account AMC Charges | Rs 600 | Rs 0 |
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 Groww brokerage charges for equity is Rs 20 per order or 0.1% whichever is lower and Intraday is Rs 20 per order or 0.1% whichever is lower.
| Account Type | Kotak Neo Trade Free Plan | Groww Standard Plan |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 0.20% (free for the first 30 days) | Rs 20 per order or 0.1% whichever is lower |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | Rs 20 per order or 0.1% whichever is lower |
| 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 | NA |
| Currency Options | Rs 10 per order | NA |
| Commodity Futures | Rs 10 per order | Rs 20 per executed order or 0.05% whichever is low |
| Commodity Options | Rs 10 per order | Rs 20 per executed order or 0.05% whichever is low |
| Special Offer | Special Offer: Trade smarter with Kotak Neo low-cost plans. | Special Offer: ₹0 Account Opening| ₹0 Annual Maintenance Charges| Trade across segments at ₹20/order| Free Mutual Funds Investment| Zero hidden charges. Open your FREE Groww Demat account |
| Kotak Neo | Groww | |
|---|---|---|
| Account Type | Trade Free Youth | Standard Plan |
| Fixed Charges | NA | |
| Equity Delivery | Rs 0 | Rs 20 per order or 0.1% whichever is lower |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | Rs 20 per order or 0.1% whichever is lower |
| 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 | NA |
| Currency Options | Rs 10 per order | NA |
| Commodity Futures | Rs 10 per order | Rs 20 per executed order or 0.05% whichever is low |
| Commodity Options | Rs 10 per order | Rs 20 per executed order or 0.05% whichever is low |
| Open Kotak Neo Account | Open Groww Account |
| Kotak Neo | Groww | |
|---|---|---|
| Account Type | Trade Free Pro | Standard Plan |
| Fixed Charges | Rs 249 | NA |
| Equity Delivery | 0.10% (free for the first 30 days) | Rs 20 per order or 0.1% whichever is lower |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | Rs 20 per order or 0.1% whichever is lower |
| 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 | NA |
| Currency Options | Rs 10 per order | NA |
| Commodity Futures | Rs 10 per order | Rs 20 per executed order or 0.05% whichever is low |
| Commodity Options | Rs 10 per order | Rs 20 per executed order or 0.05% whichever is low |
| Open Kotak Neo Account | Open Groww Account |
| Minimum Brokerage | Rs 20 | |
| Other Charges | Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50 | |
| Call & Trade Charges | Rs 49 + GST per executed order | NA |
| Open Kotak Neo Account | Open Groww Account |
Kotak Neo margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Groww margin for intraday trading is up to 20% of the trade value (4x leverage) based on the stock.
| Kotak Neo | Groww | |
|---|---|---|
| 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 | Open Groww Account |
The trading platforms offered Kotak Neo include Kotak Neo Trading App, Kotak Neo Web, Nest Trading Terminal. Groww offers Groww App, Groww Web trading software.
| Kotak Neo | Groww | |
|---|---|---|
| 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 | Groww App, Groww Web |
| Intraday Square-off Time | 3:20 P.M | 3:10 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | 3-in-1 account | |
| Open Kotak Neo Account | Open Groww Account |
Kotak Neo is rated of 5 based on 202 customer reviews whereas Groww is rated of 5 based on 107 customer reviews.
| Kotak Neo | Groww | |
|---|---|---|
202 Customer Reviews  | 107 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 | Groww is Rated 3.8 / 5 based on 107 customer reviews |
| Kotak Neo | Groww | |
|---|---|---|
| Contact Broker | Trade smarter with Kotak Neo low-cost plans. | ₹0 Account Opening| ₹0 Annual Maintenance Charges| Trade across segments at ₹20/order| Free Mutual Funds Investment| Zero hidden charges. Open your FREE Groww Demat account |
| Kotak Neo | Groww | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Kotak Neo | Groww | |
|---|---|---|
| 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 | Open Groww Account |
| Kotak Neo | Groww | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Kotak Neo | Groww | |
|---|---|---|
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| Reviews | Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository. Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds. The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors. | |
| 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 | Groww Special OfferStart your investing journey with one of India’s most cost-effective platform.
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| Open Kotak Neo Account | Open Groww Account |
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