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 INDmoney
Founded in 2019, INDmoney Private Limited is India's "Super Finance App" that helps you manage, plan and grow your money and all in one place. With INDmoney, you can track your entire family's finances, set savings goals and invest in various options like Indian stocks, US stocks, mutual funds, ETFs, fixed deposits, IPOs and more.
INDmoney is registered with SEBI as an investment advisor. INDmone...
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 2019, INDmoney is a Discount Broker. It offers trading at NSE, BSE, MCX. It has 1 branches across India.
| Kotak Neo | INDmoney | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | BSE, NSE, MCX, NCDEX | NSE, BSE, MCX |
| Year of Incorporation | 1994 | 2019 |
| Number of Branches | 153 | 1 |
| Open Kotak Neo Account | Open INDmoney Account |
Kotak Neo trading account opening charges is Rs 0 (Free) while INDmoney account opening changes is Rs 0. Kotak Neo Demat Account AMC Charges is Rs 600 and INDmoney Demat Account AMC Charges is Rs 0.
| Kotak Neo | INDmoney | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 |
| 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 INDmoney brokerage charges for equity is 0.1% or ₹20 per executed order, whichever is lower and Intraday is 0.1% or ₹20 per executed order, whichever is lower.
| Account Type | Kotak Neo Trade Free Plan | INDmoney Standard Plan |
|---|---|---|
| Fixed Charges | ||
| Equity Delivery | 0.20% (free for the first 30 days) | 0.1% or ₹20 per executed order, whichever is lower |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | 0.1% or ₹20 per executed order, 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 | |
| Currency Options | Rs 10 per order | |
| Commodity Futures | Rs 10 per order | Rs 20 per executed order |
| Commodity Options | Rs 10 per order | Rs 20 per executed order |
| Special Offer | Special Offer: Trade smarter with Kotak Neo low-cost plans. | Special Offer: Free A/c opening with no AMC| Trade at flat ₹20 per trade| ₹0 commission on Mutual FundsOpen a lifetime Free account now. |
| Kotak Neo | INDmoney | |
|---|---|---|
| Account Type | Trade Free Youth | Standard Plan |
| Fixed Charges | ||
| Equity Delivery | Rs 0 | 0.1% or ₹20 per executed order, whichever is lower |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | 0.1% or ₹20 per executed order, 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 | |
| Currency Options | Rs 10 per order | |
| Commodity Futures | Rs 10 per order | Rs 20 per executed order |
| Commodity Options | Rs 10 per order | Rs 20 per executed order |
| Open Kotak Neo Account | Open INDmoney Account |
| Kotak Neo | INDmoney | |
|---|---|---|
| Account Type | Trade Free Pro | Standard Plan |
| Fixed Charges | Rs 249 | |
| Equity Delivery | 0.10% (free for the first 30 days) | 0.1% or ₹20 per executed order, whichever is lower |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | 0.1% or ₹20 per executed order, 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 | |
| Currency Options | Rs 10 per order | |
| Commodity Futures | Rs 10 per order | Rs 20 per executed order |
| Commodity Options | Rs 10 per order | Rs 20 per executed order |
| Open Kotak Neo Account | Open INDmoney Account |
| Minimum Brokerage | Rs 2 | |
| Other Charges | ||
| Call & Trade Charges | Rs 49 + GST per executed order | Rs 500 |
| Open Kotak Neo Account | Open INDmoney Account |
Kotak Neo margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the INDmoney margin for intraday trading is up to 20% of the trade value (4x leverage) based on the stock.
| Kotak Neo | INDmoney | |
|---|---|---|
| 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 INDmoney Account |
The trading platforms offered Kotak Neo include Kotak Neo Trading App, Kotak Neo Web, Nest Trading Terminal. INDmoney offers INDmoney App, INDstocks App and INDmoney Web Platform trading software.
| Kotak Neo | INDmoney | |
|---|---|---|
| 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 | INDmoney App, INDstocks App and INDmoney Web Platform |
| Intraday Square-off Time | 3:20 P.M | |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | 3-in-1 account | NPS, ETFs, Fixed Deposits, US Stock : 0.25% per trade, OFS / Buyback- 0.05% or ₹ 20 per order |
| Open Kotak Neo Account | Open INDmoney Account |
Kotak Neo is rated of 5 based on 202 customer reviews whereas INDmoney is rated of 5 based on 1 customer reviews.
| Kotak Neo | INDmoney | |
|---|---|---|
202 Customer Reviews  | 1 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 | INDmoney is Rated 4.0 / 5 based on 1 customer reviews |
| Kotak Neo | INDmoney | |
|---|---|---|
| Contact Broker | Trade smarter with Kotak Neo low-cost plans. | Free A/c opening with no AMC| Trade at flat ₹20 per trade| ₹0 commission on Mutual FundsOpen a lifetime Free account now. |
| Kotak Neo | INDmoney | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Kotak Neo | INDmoney | |
|---|---|---|
| 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 INDmoney Account |
| Kotak Neo | INDmoney | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Kotak Neo | INDmoney | |
|---|---|---|
| Pros |
|
|
| Cons |
|
|
| 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 | INDmoney Special OfferINDmoney — One App. Global Investing. Honest Pricing.
|
| Open Kotak Neo Account | Open INDmoney Account |
Expand all
Open Kotak Neo Account