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
SAMCOSEBI INZ000002535
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹400/yr + taxes
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 cap
- Cost to sell ₹15,000 of IPO shares
- ₹47.20Brokerage and DP with GST, ours
Where Kotak Securities (Kotak Neo) and SAMCO differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Kotak Securities (Kotak Neo) | SAMCO |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹11.80 less at SAMCO; a DP charge is not published | ₹35.40 brokerage; DP charge not published | ₹47.20 |
| Two SME lots, ₹2,50,000Brokerage ₹566.40 less at SAMCO; a DP charge is not published | ₹590.00 brokerage; DP charge not published | ₹47.20 |
| A year: 12 mainboard lots soldBrokerage ₹141.60 less at SAMCO; a DP charge is not published | ₹424.80 brokerage; DP charge not published | ₹566.40 |
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.
- Demat maintenance (AMC): ₹0 for a basic services demat account at Kotak Securities (Kotak Neo), ₹0 in the first year, then ₹400 plus taxes a year for individuals at SAMCO.
- Equity delivery brokerage: 0.20% at Kotak Securities (Kotak Neo), ₹20 per executed order or 2.5%, whichever is lower at SAMCO.
- DP charge on selling shares: not stated at Kotak Securities (Kotak Neo), ₹20 plus taxes within SAMCO at SAMCO.
- SME IPOs: Yes. Kotak Neo says SME IPOs can be applied for in its current IPO… at Kotak Securities (Kotak Neo), not stated at SAMCO.
The same at both: account opening and Mainboard IPOs.
Kotak Securities (Kotak Neo) vs SAMCO: charges side by side
Differs 5 of 7 charges differ between Kotak Securities (Kotak Neo) and SAMCO. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Kotak Securities (Kotak Neo) | SAMCO |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 on the Trade Free plan (₹99 one time on Trade Free Youth, for under 30s) | ₹0 |
| 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 | ₹0 in the first year, then ₹400 plus taxes a year for individuals |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, on Kotak Neo with UPI | Yes |
| 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) | ₹20 per executed order or 2.5%, whichever is lower (the headline says 0.25% or ₹20) |
| DP charge on selling shares | Not stated on the pages we checked | ₹20 plus taxes within SAMCO; ₹25 or 0.02%, whichever is higher, plus taxes outside |
| Registration | ||
| SEBI registration | INZ000200137 | INZ000002535 |
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 SAMCO pages.
Kotak Securities (Kotak Neo) and SAMCO 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.
SAMCO
Strengths
- ₹20 cap
Worth checking
- Two delivery rates on one page
The headline says 0.25% or ₹20 and the table says 2.5% or ₹20. Both cap at ₹20.
- AMC after year one
₹400 plus taxes a year.
- Dealer orders
₹50 plus taxes per order.
Brokerage calculator: Kotak Securities (Kotak Neo) vs SAMCO
| Charge | Kotak Securities (Kotak Neo) | SAMCO |
|---|
Ours, with NSE rates. Change the trade to see what Kotak Securities (Kotak Neo) and SAMCO would each charge.
Other comparisons
Every comparison with Kotak Securities (Kotak Neo) or SAMCO, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Kotak Securities (Kotak Neo) or SAMCO?
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 ₹11.80 less at SAMCO (our calculation). For two SME lots worth ₹2,50,000: Kotak Securities (Kotak Neo) ₹590.00 brokerage; DP charge not published, SAMCO ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between Kotak Securities (Kotak Neo) and SAMCO 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 ₹141.60 less at SAMCO (our calculation).
Can I apply for SME IPOs on Kotak Securities (Kotak Neo) and SAMCO?
Kotak Securities (Kotak Neo) lets you apply for SME IPOs; SAMCO does not say so on the pages we checked.
What is the demat AMC at Kotak Securities (Kotak Neo) and SAMCO?
Kotak Securities (Kotak Neo): ₹0 for a basic services demat account. SAMCO: ₹0 in the first year, then ₹400 plus taxes a year for individuals.
What brokerage do Kotak Securities (Kotak Neo) and SAMCO charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹35.40 at Kotak Securities (Kotak Neo) and ₹23.60 at SAMCO (our calculation from their published rates).