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 Monarch Networth
Incorporated in 1993, Monarch Networth Capital Limited (MNCL) is a full-service broker that offers a cost-effective fee structure and multiple product offerings.
The company is an accredited stock broker with BSE, NSDL, MCX, NCDEX, NMCE & DGCX and uses NSDL and CDSL for custodial services. It is also registered with AMFI for mutual fund distribution.
Monarch Networth Capital Key Offerings
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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 1993, Monarch Networth is a Full Service Broker. It offers trading at BSE, NSE, MCX & NCDEX. It has 71 branches across India.
| Kotak Neo | Monarch Networth | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX & NCDEX |
| Year of Incorporation | 1994 | 1993 |
| Number of Branches | 153 | 71 |
| Open Kotak Neo Account |
Kotak Neo trading account opening charges is Rs 0 (Free) while Monarch Networth account opening changes is Rs 0 (Free). Kotak Neo Demat Account AMC Charges is Rs 600 and Monarch Networth Demat Account AMC Charges is Rs 350 PA.
| Kotak Neo | Monarch Networth | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 600 | Rs 350 PA |
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 Monarch Networth brokerage charges for equity is 0.15% and Intraday is 0.01%.
| Account Type | Kotak Neo Trade Free Plan | Monarch Networth General Plan |
|---|---|---|
| Fixed Charges | ||
| Equity Delivery | 0.20% (free for the first 30 days) | 0.15% |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | 0.01% |
| Equity Futures | Rs 10 per order | Rs 15 per lot |
| Equity Options | Rs 10 per order | Rs 15 per lot |
| Currency Futures | Rs 10 per order | 0.01% |
| Currency Options | Rs 10 per order | Rs 15 per lot |
| Commodity Futures | Rs 10 per order | 0.01% |
| Commodity Options | Rs 10 per order | Rs 15 per 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 | Monarch Networth | |
|---|---|---|
| Account Type | Trade Free Youth | General Plan |
| Fixed Charges | ||
| Equity Delivery | Rs 0 | 0.15% |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | 0.01% |
| Equity Futures | Rs 10 per order | Rs 15 per lot |
| Equity Options | Rs 10 per order | Rs 15 per lot |
| Currency Futures | Rs 10 per order | 0.01% |
| Currency Options | Rs 10 per order | Rs 15 per lot |
| Commodity Futures | Rs 10 per order | 0.01% |
| Commodity Options | Rs 10 per order | Rs 15 per lot |
| Open Kotak Neo Account |
| Kotak Neo | Monarch Networth | |
|---|---|---|
| Account Type | Trade Free Pro | General Plan |
| Fixed Charges | Rs 249 | |
| Equity Delivery | 0.10% (free for the first 30 days) | 0.15% |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | 0.01% |
| Equity Futures | Rs 10 per order | Rs 15 per lot |
| Equity Options | Rs 10 per order | Rs 15 per lot |
| Currency Futures | Rs 10 per order | 0.01% |
| Currency Options | Rs 10 per order | Rs 15 per lot |
| Commodity Futures | Rs 10 per order | 0.01% |
| Commodity Options | Rs 10 per order | Rs 15 per lot |
| Open Kotak Neo Account |
| Minimum Brokerage | Rs 15 per lot | |
| Other Charges | ||
| Call & Trade Charges | Rs 49 + GST per executed order | |
| 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 Monarch Networth margin for intraday trading is up to 20% of the trade value (4x leverage) based on the stock.
| Kotak Neo | Monarch Networth | |
|---|---|---|
| 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. Monarch Networth offers trading software.
| Kotak Neo | Monarch Networth | |
|---|---|---|
| 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 | |
| Intraday Square-off Time | 3:20 P.M | 3:20 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | 3-in-1 account | |
| Open Kotak Neo Account |
Kotak Neo is rated of 5 based on 202 customer reviews whereas Monarch Networth is rated of 5 based on 0 customer reviews.
| Kotak Neo | Monarch Networth | |
|---|---|---|
202 Customer Reviews  | 0 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 | Monarch Networth is Rated / 5 based on 0 customer reviews |
| Kotak Neo | Monarch Networth | |
|---|---|---|
| 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 | Monarch Networth | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Kotak Neo | Monarch Networth | |
|---|---|---|
| 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 | Monarch Networth | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Kotak Neo | Monarch Networth | |
|---|---|---|
| Pros |
| FREE account opening! Open an Instant Account & start investing with minimum brokerage along with benefit of research. |
| Cons |
| Free Account Opening
This is a limited time offer. Open an instant account online and start trading today. |
| 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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