Kotak Securities (Kotak Neo)SEBI INZ000200137
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Yes
- Delivery brokerage
- 0.20%
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
ProStocksSEBI INZ000048660
- Account opening
- ₹0
- Demat AMC
- ₹0 (₹1,000 deposit)
- SME IPOs
- Not stated
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹23.60Brokerage and DP with GST, ours
Where Kotak Securities (Kotak Neo) and ProStocks differ
7 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Kotak Securities (Kotak Neo) | ProStocks |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹35.40 less at ProStocks; a DP charge is not published | ₹35.40 brokerage; DP charge not published | ₹23.60 |
| Two SME lots, ₹2,50,000Brokerage ₹590.00 less at ProStocks; a DP charge is not published | ₹590.00 brokerage; DP charge not published | ₹23.60 |
| A year: 12 mainboard lots soldBrokerage ₹424.80 less at ProStocks; a DP charge is not published | ₹424.80 brokerage; DP charge not published | ₹283.20 |
Ours: brokerage and DP charge with 18% GST. STT and exchange charges are equal everywhere, so they are left out. SME bids are two lots.
- Account opening: ₹0 on the Trade Free plan at Kotak Securities (Kotak Neo), No fee listed at ProStocks.
- Demat maintenance (AMC): ₹0 for a basic services demat account at Kotak Securities (Kotak Neo), None at ProStocks.
- Equity delivery brokerage: 0.20% at Kotak Securities (Kotak Neo), ₹0 at ProStocks.
- DP charge on selling shares: not stated at Kotak Securities (Kotak Neo), ₹20 per scrip plus 18% GST at ProStocks.
- Mainboard IPOs: Yes, on Kotak Neo with UPI at Kotak Securities (Kotak Neo), not stated at ProStocks.
- SME IPOs: Yes. Kotak Neo says SME IPOs can be applied for in its current IPO… at Kotak Securities (Kotak Neo), not stated at ProStocks.
Kotak Securities (Kotak Neo) vs ProStocks: charges side by side
Differs 7 of 7 charges differ between Kotak Securities (Kotak Neo) and ProStocks. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Kotak Securities (Kotak Neo) | ProStocks |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 on the Trade Free plan (₹99 one time on Trade Free Youth, for under 30s) | No fee listed (online application) |
| Demat maintenance (AMC) | ₹0 for a basic services demat account (BSDA) with holdings up to ₹4 lakh; other AMC not stated on the pricing page | None; ₹1,000 refundable demat deposit |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, on Kotak Neo with UPI | Not stated on the pages we checked |
| SME IPOs | Yes. Kotak Neo says SME IPOs can be applied for in its current IPO section with UPI | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | 0.20% (Trade Free Pro: 0.10%; Trade Free Youth: ₹0) | ₹0 (flat fee plan) |
| DP charge on selling shares | Not stated on the pages we checked | ₹20 per scrip plus 18% GST |
| Registration | ||
| SEBI registration | INZ000200137 | INZ000048660 |
For other trading, equity intraday, Futures, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the Kotak Securities (Kotak Neo) and ProStocks pages.
Kotak Securities (Kotak Neo) and ProStocks strengths and things worth checking
Kotak Securities (Kotak Neo)
Strengths
- ₹10 intraday and F&O
- SME IPOs
- Lower MTF on Pro
Worth checking
- Delivery is a percentage
0.20% on the default plan with no cap stated: ₹30 on a ₹15,000 sale.
- DP charge and AMC not on the pricing page
Check them before you sell IPO shares.
ProStocks
Strengths
- ₹0 delivery brokerage
- No AMC
- Cheap dealer orders
Worth checking
- Refundable deposit
₹1,000 demat deposit.
- IPO access not stated
The pricing page does not mention IPO applications.
Brokerage calculator: Kotak Securities (Kotak Neo) vs ProStocks
| Charge | Kotak Securities (Kotak Neo) | ProStocks |
|---|
Ours, with NSE rates. Change the trade to see what Kotak Securities (Kotak Neo) and ProStocks would each charge.
Other comparisons
Every comparison with Kotak Securities (Kotak Neo) or ProStocks, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Kotak Securities (Kotak Neo) or ProStocks?
Kotak Securities (Kotak Neo) does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. On brokerage alone, one mainboard lot (₹15,000) costs ₹35.40 less at ProStocks (our calculation). For two SME lots worth ₹2,50,000: Kotak Securities (Kotak Neo) ₹590.00 brokerage; DP charge not published, ProStocks ₹23.60 (our calculation, brokerage and DP charge with GST).
How much would the difference between Kotak Securities (Kotak Neo) and ProStocks be over a year?
Not in full, because Kotak Securities (Kotak Neo) does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹424.80 less at ProStocks (our calculation).
Can I apply for SME IPOs on Kotak Securities (Kotak Neo) and ProStocks?
Kotak Securities (Kotak Neo) lets you apply for SME IPOs; ProStocks does not say so on the pages we checked.
Is account opening free at Kotak Securities (Kotak Neo) and ProStocks?
Kotak Securities (Kotak Neo): ₹0 on the Trade Free plan. ProStocks: No fee listed.
What is the demat AMC at Kotak Securities (Kotak Neo) and ProStocks?
Kotak Securities (Kotak Neo): ₹0 for a basic services demat account. ProStocks: None.