Jainam Broking Limited vs Kotak Neo
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
Jainam Broking Limited
VS
Kotak Neo
Jainam Broking Limited vs Kotak Neo — quick verdict
Choose Jainam Broking Limited if
You want research and offline support
Investing with Trust.
Choose Kotak Neo if
You want research and offline support
One of India's oldest stock broking companies, offering full-fledged investment services across asset classes through a single-login platform.
Company overview
Jainam Broking Limited is a full-service broker incorporated in 2003; Kotak Neo is a full-service broker incorporated in 1994.
| Parameter | Jainam Broking Limited | Kotak Neo |
|---|---|---|
| Type of broker | Full-Service Broker | Full-Service Broker |
| Exchange membership | NSE · BSE · MCX | NSE · BSE · MCX |
| Year of incorporation | 2003 | 1994 older |
| Number of branches | 100+ | 1,500+ Branches & Customer Touchpoints wider |
| Active clients | 2 Lakh+ | 15+ Lakh (Approx.) larger |
Charges & AMC
Account-opening and maintenance charges for Jainam Broking Limited and Kotak Neo compared side by side.
| Parameter | Jainam Broking Limited | Kotak Neo |
|---|---|---|
| Trading a/c opening | ₹0 (Online) | ₹0 (Online) |
| Trading a/c AMC | ₹0 | ₹0 |
| Demat a/c opening | ₹0 | ₹0 |
| Demat a/c AMC | ₹300 + GST per year | As per applicable tariff plan |
| DP charges (per ISIN, sell) | ₹15.93 per debit transaction (including GST) | ₹13.5 + GST per debit lower |
Brokerage charges
How Jainam Broking Limited and Kotak Neo price each trading segment, per executed order.
| Parameter | Jainam Broking Limited | Kotak Neo |
|---|---|---|
| Equity Delivery | 0.30% | ₹0 (Free) |
| Equity Intraday | 0.03% | ₹20 or 0.03% (lower) |
| Equity Futures | 0.03% | ₹20 or 0.03% (lower) |
| Equity Options | ₹20 per executed order | ₹20/order |
| Currency F&O | Not Available | ₹20 or 0.03% (lower) |
| Commodity F&O | 0.03% | ₹20 or 0.03% (lower) |
| Call & Trade | ₹20 per executed order | +₹50/order |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by Jainam Broking Limited and Kotak Neo, per segment.
| Parameter | Jainam Broking Limited | Kotak Neo |
|---|---|---|
| Equity Delivery | NSE: 0.00297% • BSE: 0.00375% | NSE ₹297 per Crore (0.00297%) | BSE ₹297 per Crore (0.00297%) |
| Equity Intraday | NSE: 0.00297% • BSE: 0.00375% | NSE ₹297 per Crore (0.00297%) | BSE ₹297 per Crore (0.00297%) |
| Equity Futures | NSE: 0.00173% | NSE ₹173 per Crore (0.00173%) | BSE ₹173 per Crore (0.00173%) |
| Equity Options | NSE: 0.03503% (on premium) | NSE ₹3,503 per Crore of premium (0.03503%) | BSE ₹3,250 per Crore of premium (0.0325%) |
| Commodity Futures | MCX: 0.00210% | MCX ₹260 per Crore (0.00260%) |
| Commodity Options | MCX: 0.04180% (on premium) | MCX ₹5,000 per Crore of premium (0.05%) |
| Currency Futures | — | NSE ₹35 per Crore (0.00035%) | BSE ₹35 per Crore (0.00035%) |
| Currency Options | — | NSE ₹3,100 per Crore of premium (0.0311%) | BSE ₹1,000 per Crore of premium (0.01%) |
Demat & DP charges
Depository (demat) charges for Jainam Broking Limited and Kotak Neo — AMC, debit transactions, pledging and remat.
| Parameter | Jainam Broking Limited | Kotak Neo |
|---|---|---|
| Demat Account Opening | ₹0 | — |
| Annual Maintenance Charges (AMC) | ₹300 + GST per year | — |
| Debit Transaction Charges | ₹15.93 per debit transaction (including GST) | — |
| Pledge / Unpledge Charges | ₹25 + GST per request | — |
| Dematerialisation (Demat) | ₹150 per certificate + GST | — |
| Rematerialisation (Remat) | ₹150 per certificate + GST | — |
| Failed Transactions | Nil | — |
| Demat Opening | — | ₹0 |
| Transaction Charges | — | ₹13.5 + GST |
| AMC | — | ₹300 + GST |
| Pledge | — | ₹30 + GST |
| Remat | — | ₹150 + GST |
| Nil | — | Nil |
Margin & leverage (MTF)
Intraday and delivery margin / leverage offered by Jainam Broking Limited and Kotak Neo.
| Parameter | Jainam Broking Limited | Kotak Neo |
|---|---|---|
| Equity Delivery | 100% of trade value (1x) | 100% of trade value (1x) |
| Equity Intraday | VAR + ELM Margin (Up to 5x*) | As per SEBI peak margin norms (Up to 5x (eligible stocks)) |
| Equity Futures | SPAN + Exposure Margin (As per available margin) | SPAN + Exposure Margin (1x) |
| Equity Options (Buy) | Premium Value (Not Applicable) | — |
| Equity Options (Sell) | SPAN + Exposure Margin (As per available margin) | — |
| Commodity Futures & Options | SPAN + Exposure Margin (As per available margin) | — |
Features & account
Account type and feature availability across Jainam Broking Limited and Kotak Neo.
| Parameter | Jainam Broking Limited | Kotak Neo |
|---|---|---|
| 3-in-1 account | ✕ No | ✓ Yes better |
| Automated / API trading | ✕ No | ✓ Yes better |
| Margin Trading (MTF) | ✓ Yes | ✓ Yes |
| Trading in SME shares | ✓ Yes | ✓ Yes |
| Trading platforms | Jainam Web, Jainam Mobile App, Jainam Trade Terminal | Kotak Neo Web, Kotak Neo App, Kotak Stock Trader (Nest), Kotak Neo API |
| Intraday square-off | 3:15 PM | 3:15 PM |
| Other | Research Reports, Trading Calls, Advanced Charting, Option Chain, Basket Orders, Price Alerts, eDIS, Margin Trading Facility (MTF), SIP Investment | Advanced charting, basket orders, option chain, Trading API, research reports, Smart Orders, eMargin, MTF, IPO and mutual fund investments. |
Trading platforms & apps
Trading terminals, web platforms and mobile apps offered by Jainam Broking Limited and Kotak Neo.
| Parameter | Jainam Broking Limited | Kotak Neo |
|---|---|---|
| Trading platforms offered | Jainam Web, Jainam Mobile App, Jainam Trade Terminal | Kotak Neo Web, Kotak Neo App, Kotak Stock Trader (Nest), Kotak Neo API |
| Number of platforms | 3 | 4 more choice |
| Platforms (summary) | Jainam Web, Jainam Mobile App, Jainam Trade Terminal | Kotak Neo Web, Kotak Neo App, Kotak Stock Trader (Nest), Kotak Neo API |
| Mobile / desktop apps | Web, Mobile, Desktop | Web, Android & iOS, Desktop, API |
User ratings
User ratings for Jainam Broking Limited and Kotak Neo across the key parameters.
| Rated on | Jainam Broking Limited | Kotak Neo |
|---|---|---|
| Fees | 4 | 4.4 better |
| Brokerage | 4.1 | 4.5 better |
| Trading platform | 4.2 | 4.7 better |
| Customer service | 4.5 better | 4.3 |
| Research | 4.6 better | 4.4 |
| Overall | 4.2 | 4.4 better |
Investment options
Which investment products Jainam Broking Limited and Kotak Neo let you access.
| Parameter | Jainam Broking Limited | Kotak Neo |
|---|---|---|
| Stocks / Equity | ✓ Yes | ✓ Yes |
| Commodity | ✓ Yes | ✓ Yes |
| IPO | ✓ Yes | ✓ Yes |
| Mutual Funds | ✓ Yes | ✓ Yes |
| Bonds / NCD | ✓ Yes | ✓ Yes |
Order types offered
Advanced order types supported by Jainam Broking Limited and Kotak Neo.
| Parameter | Jainam Broking Limited | Kotak Neo |
|---|---|---|
| Bracket Order | ✓ Yes better | ✕ No |
| Cover Order | ✓ Yes better | ✕ No |
| BTST | ✓ Yes | ✓ Yes |
| After Market (AMO) | ✓ Yes | ✓ Yes |
| GTC / GTT | ✕ No | ✓ Yes better |
Safety & credibility
SEBI registration, financial strength and complaint record for Jainam Broking Limited and Kotak Neo.
| Parameter | Jainam Broking Limited | Kotak Neo |
|---|---|---|
| SEBI registration | INZ000209933 | INZ000200137 |
| NSE member code | 90484 | 08081 |
| Year of incorporation | 2003 | 1994 longer track record |
| Net worth | ₹150+ Cr | ₹5,000+ Crore (Approx.) stronger |
| Exchange memberships | NSE · BSE · MCX | NSE · BSE · MCX |
| Latest complaint ratio | 0.004% fewer complaints | 0.034% |
Complaints record
Exchange complaint data for Jainam Broking Limited and Kotak Neo — the ratio matters more than the raw count.
| Parameter | Jainam Broking Limited | Kotak Neo |
|---|---|---|
| Latest financial year | 2025–26 | 2025-26 |
| Exchange | NSE | NSE |
| Active clients | 2,08,614 | 15,40,000+ larger base |
| Complaints filed | 9 | 520 |
| Complaint ratio | 0.004% fewer complaints | 0.034% |
Pros & cons
The main advantages and drawbacks of each broker.
Jainam Broking Limited
▲ Pros
- ✓ Personalized investment advisory and relationship managers.
- ✓ Strong equity and commodity research support.
- ✓ Offers stocks, F&O, commodities, IPOs, mutual funds, bonds, SIPs, and insurance.
- ✓ Easy-to-use web, mobile, and desktop trading platforms.
- ✓ Good customer support with regional branch presence.
- ✓ Suitable for long-term investors seeking research-backed recommendations.
▼ Cons
- ✕ Brokerage charges are higher than discount brokers.
- ✕ Annual Demat AMC is applicable.
- ✕ Limited branch network compared to larger national brokers.
- ✕ Call & Trade charges apply.
- ✕ Advanced wealth management services may be available only for select clients.
Kotak Neo
▲ Pros
- ✓ Trusted full-service broker backed by Kotak Mahindra Bank.
- ✓ Low brokerage plans for active traders.
- ✓ Advanced Kotak Neo web and mobile trading platforms.
- ✓ Investment in Stocks, IPOs, Mutual Funds, ETFs and Bonds from one account.
- ✓ Research reports, market insights and investment recommendations.
- ✓ API support for algo trading.
- ✓ Easy online account opening with Aadhaar-based eKYC.
- ✓ Multiple order types with advanced charting tools.
▼ Cons
- ✕ Demat AMC may apply depending on the selected plan.
- ✕ Call & Trade service is chargeable.
- ✕ Margin Trading Facility (MTF) is available only for eligible stocks.
- ✕ Some advanced features are available only under specific plans.
- ✕ Research and advisory offerings may vary across customer plans.
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