Kotak Neo Vs Upstox 2025 - Brokerage Charges, Demat Account Opening Fee, etc
Account Opening Fees
Kotak Neo | Upstox |
---|---|
₹0 (free) | ₹0 (free) |
Annual Maintenance Charges (AMC)
Kotak Neo | Upstox |
---|---|
₹50 (monthly) | ₹300 (annual) |
Brokerage for Equity Delivery
Kotak Neo | Upstox |
---|---|
₹0 (free) | ₹0 (free) |
Brokerage for Equity Intraday
Kotak Neo | Upstox |
---|---|
₹20 per executed order | ₹20 per executed order |
Brokerage for Option Trading
Kotak Neo | Upstox |
---|---|
₹20 per order | ₹20 per order |
Brokerage for Futures Trading
Kotak Neo | Upstox |
---|---|
₹20 per order | ₹20 per order |
Trading Platforms
Kotak Neo | Upstox |
---|---|
Kotak Neo App (mobile, web) | Upstox Pro (web, mobile) |
Customer Support
Kotak Neo | Upstox |
---|---|
Phone, email, chat (business hours) | Phone, email, chat (business hours) |
Investment Options
Kotak Neo | Upstox |
---|---|
Equity, derivatives, mutual funds | Equity, commodities, derivatives, mutual funds |
Research & Advisory Services
Kotak Neo | Upstox |
---|---|
Basic research, reports | Basic research, news, charts |
User Interface & Experience
Kotak Neo | Upstox |
---|---|
Clean, modern UI, mobile-focused | Modern, intuitive, easy to navigate |
Additional Features
Kotak Neo | Upstox |
---|---|
Integrated bank account, instant fund transfers | Advanced charting tools, trading algorithms |
Kotak Neo vs Upstox - Overall Summary
Category | Kotak Neo | Upstox |
---|---|---|
Account Opening Fees | ★★★★★ | ★★★★★ |
Annual Maintenance Charges (AMC) | ★★★☆☆ | ★★★☆☆ |
Brokerage for Equity Delivery | ★★★★★ | ★★★★★ |
Brokerage for Equity Intraday | ★★★★☆ | ★★★★☆ |
Brokerage for Option Trading | ★★★★★ | ★★★★★ |
Brokerage for Futures Trading | ★★★★☆ | ★★★★☆ |
Trading Platforms | ★★★★☆ | ★★★★☆ |
Customer Support | ★★★★☆ | ★★★★☆ |
Investment Options | ★★★★☆ | ★★★★☆ |
Research & Advisory Services | ★★★☆☆ | ★★★☆☆ |
User Interface & Experience | ★★★★☆ | ★★★★☆ |
Additional Features | ★★★★☆ | ★★★★☆ |
Overall Rating | ★★★★☆ | ★★★★☆ |
*Above star rating is just for reference while comparing above brokers with each other. Above rating can be wrong as well and we do not take any liability for same.
Brief Details on Upstox Vs Kotak Neo
When choosing a brokerage platform, investors need to consider various factors to determine which one aligns best with their trading needs and preferences. In this article, we compare Kotak Neo and Upstox across several key categories to help you make an informed decision.
Account Opening Fees
Both Kotak Neo and Upstox offer free account opening services. This is a significant advantage for new investors as it reduces the initial financial burden associated with starting a trading account.
Annual Maintenance Charges (AMC)
Kotak Neo charges ₹50 per month for its Annual Maintenance Charges (AMC), which translates to ₹600 annually. In contrast, Upstox has a single annual AMC fee of ₹300. While both platforms offer competitive AMC rates, Upstox’s flat annual fee may be more economical for frequent traders.
Brokerage for Equity Delivery
For equity delivery trades, both Kotak Neo and Upstox offer zero brokerage fees. This means that investors can buy and hold shares without incurring additional costs, making both platforms appealing for long-term investors.
Brokerage for Equity Intraday
When it comes to equity intraday trading, Kotak Neo charges ₹20 per executed order. Upstox, on the other hand, also charges ₹20 per executed order. This uniform brokerage fee ensures that traders using either platform will face similar costs for intraday trades.
Brokerage for Option Trading
Both Kotak Neo and Upstox charge ₹20 per order for options trading. This consistent fee structure means that traders focusing on options can expect similar costs regardless of their chosen platform.
Brokerage for Futures Trading
For futures trading, Kotak Neo and Upstox both impose a charge of ₹20 per order. This aligns with their approach to options trading, ensuring a straightforward and predictable cost structure for futures traders.
Trading Platforms
Kotak Neo provides access through its Kotak Neo App, available on both mobile and web platforms. Upstox offers its users the Upstox Pro platform, which is accessible via web and mobile. Both platforms are designed to be user-friendly and efficient, catering to different trading preferences and devices.
Customer Support
Customer support is essential for addressing issues and queries. Kotak Neo offers support through phone, email, and chat during business hours. Similarly, Upstox provides customer support via phone, email, and chat within business hours, ensuring that users have access to help when needed.
Investment Options
Kotak Neo supports investments in equity, derivatives, and mutual funds. Upstox, however, offers a broader range of investment options, including equity, commodities, derivatives, and mutual funds. This extended range may be beneficial for investors looking to diversify their portfolios.
Research & Advisory Services
Both Kotak Neo and Upstox provide basic research and advisory services. Kotak Neo offers research reports, while Upstox includes news and charts in addition to basic research. Investors seeking more comprehensive research tools might find Upstox’s offerings slightly more robust.
User Interface & Experience
Kotak Neo features a clean, modern user interface that is particularly mobile-focused, catering to users who prefer trading on their phones. Upstox also offers a modern and intuitive interface that is easy to navigate on both web and mobile platforms. Both platforms are designed to enhance the user experience, but individual preferences for interface design may vary.
Additional Features
Kotak Neo distinguishes itself with integrated bank accounts and instant fund transfers, which can streamline the trading process. Upstox, on the other hand, provides advanced charting tools and trading algorithms, appealing to more technical traders seeking sophisticated trading features.
Conclusion
Both Kotak Neo and Upstox offer competitive features and services that cater to a wide range of investors. Kotak Neo excels with its integrated banking features and mobile-focused interface, while Upstox stands out with its extensive range of investment options and advanced trading tools. Your choice between the two platforms will depend on your specific trading needs and preferences.