Kotak Neo vs Mirae Asset Sharekhan Limited
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
Kotak Neo
VS
Mirae Asset Sharekhan Limited
Kotak Neo vs Mirae Asset Sharekhan Limited — quick verdict
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.
Choose Mirae Asset Sharekhan Limited if
You want research and offline support
Get the power of experience on your side.
Company overview
Kotak Neo is a full-service broker incorporated in 1994; Mirae Asset Sharekhan Limited is a full-service broker incorporated in 2000.
| Parameter | Kotak Neo | Mirae Asset Sharekhan Limited |
|---|---|---|
| Type of broker | Full-Service Broker | Full-Service Broker |
| Exchange membership | NSE · BSE · MCX | NSE · BSE · MCX · NCDEX |
| Year of incorporation | 1994 older | 2000 |
| Number of branches | 1,500+ Branches & Customer Touchpoints wider | 900+ |
| Active clients | 15+ Lakh (Approx.) | 32 Lakh+ larger |
Charges & AMC
Account-opening and maintenance charges for Kotak Neo and Mirae Asset Sharekhan Limited compared side by side.
| Parameter | Kotak Neo | Mirae Asset Sharekhan Limited |
|---|---|---|
| Trading a/c opening | ₹0 (Online) | ₹0 (Online) |
| Trading a/c AMC | ₹0 | ₹0 |
| Demat a/c opening | ₹0 | ₹0 |
| Demat a/c AMC | As per applicable tariff plan | ₹0 (1st Year), then ₹400 + GST per year |
| DP charges (per ISIN, sell) | ₹13.5 + GST per debit lower | ₹25 per debit transaction + GST |
Brokerage charges
How Kotak Neo and Mirae Asset Sharekhan Limited price each trading segment, per executed order.
| Parameter | Kotak Neo | Mirae Asset Sharekhan Limited |
|---|---|---|
| Equity Delivery | ₹0 (Free) | 0.30% |
| Equity Intraday | ₹20 or 0.03% (lower) | 0.02% |
| Equity Futures | ₹20 or 0.03% (lower) | 0.02% |
| Equity Options | ₹20/order | ₹20 per executed order |
| Currency F&O | ₹20 or 0.03% (lower) | 0.02% |
| Commodity F&O | ₹20 or 0.03% (lower) | 0.02% |
| Call & Trade | +₹50/order | ₹0 |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by Kotak Neo and Mirae Asset Sharekhan Limited, per segment.
| Parameter | Kotak Neo | Mirae Asset Sharekhan Limited |
|---|---|---|
| Equity Delivery | NSE ₹297 per Crore (0.00297%) | BSE ₹297 per Crore (0.00297%) | NSE: 0.00297% • BSE: 0.00375% |
| Equity Intraday | NSE ₹297 per Crore (0.00297%) | BSE ₹297 per Crore (0.00297%) | NSE: 0.00297% • BSE: 0.00375% |
| Equity Futures | NSE ₹173 per Crore (0.00173%) | BSE ₹173 per Crore (0.00173%) | NSE: 0.00173% |
| Equity Options | NSE ₹3,503 per Crore of premium (0.03503%) | BSE ₹3,250 per Crore of premium (0.0325%) | NSE: 0.03503% (on premium) |
| Currency Futures | NSE ₹35 per Crore (0.00035%) | BSE ₹35 per Crore (0.00035%) | NSE: 0.00035% |
| Currency Options | NSE ₹3,100 per Crore of premium (0.0311%) | BSE ₹1,000 per Crore of premium (0.01%) | NSE: 0.03110% (on premium) |
| Commodity Futures | MCX ₹260 per Crore (0.00260%) | MCX: 0.00210% |
| Commodity Options | MCX ₹5,000 per Crore of premium (0.05%) | MCX: 0.04180% (on premium) |
Demat & DP charges
Depository (demat) charges for Kotak Neo and Mirae Asset Sharekhan Limited — AMC, debit transactions, pledging and remat.
| Parameter | Kotak Neo | Mirae Asset Sharekhan Limited |
|---|---|---|
| Demat Opening | ₹0 | — |
| Transaction Charges | ₹13.5 + GST | — |
| AMC | ₹300 + GST | — |
| Pledge | ₹30 + GST | — |
| Remat | ₹150 + GST | — |
| Nil | Nil | — |
| Demat Account Opening | — | ₹0 |
| Annual Maintenance Charges (AMC) | — | ₹0 (1st Year), then ₹400 + GST per year |
| Debit Transaction Charges | — | ₹25 per debit transaction + GST |
| Pledge / Unpledge Charges | — | ₹30 + GST per request |
| Dematerialisation (Demat) | — | ₹50 per certificate + GST |
| Rematerialisation (Remat) | — | ₹50 per certificate + GST |
| Failed Transactions | — | Nil |
Margin & leverage (MTF)
Intraday and delivery margin / leverage offered by Kotak Neo and Mirae Asset Sharekhan Limited.
| Parameter | Kotak Neo | Mirae Asset Sharekhan Limited |
|---|---|---|
| Equity Delivery | 100% of trade value (1x) | Up to 100% of trade value (1x) |
| Equity Intraday | As per SEBI peak margin norms (Up to 5x (eligible stocks)) | As per SEBI peak margin rules (Up to 5x (eligible stocks)) |
| F&O (Eq/Curr/Comm) | SPAN + Exposure Margin (1x) | SPAN + Exposure Margin (1x) |
| Equity Options | — | Premium + SPAN (for option writing) (As per exchange norms) |
| Currency Derivatives | — | SPAN + Exposure Margin (As per exchange norms) |
| Commodity Derivatives | — | SPAN + Exposure Margin (As per exchange norms) |
Features & account
Account type and feature availability across Kotak Neo and Mirae Asset Sharekhan Limited.
| Parameter | Kotak Neo | Mirae Asset Sharekhan Limited |
|---|---|---|
| 3-in-1 account | ✓ Yes better | ✕ No |
| Automated / API trading | ✓ Yes | ✓ Yes |
| Margin Trading (MTF) | ✓ Yes | ✓ Yes |
| Trading in SME shares | ✓ Yes | ✓ Yes |
| Trading platforms | Kotak Neo Web, Kotak Neo App, Kotak Stock Trader (Nest), Kotak Neo API | Sharekhan App, Sharekhan Web Trading Platform, TradeTiger |
| Intraday square-off | 3:15 PM | 3:15 PM |
| Other | Advanced charting, basket orders, option chain, Trading API, research reports, Smart Orders, eMargin, MTF, IPO and mutual fund investments. | Advanced research reports, Margin Trading Facility (MTF), Portfolio Health Check, Investment Ideas, IPO investment, Mutual Funds, Algo/API Trading, Smart Investor tools, Relationship Manager support, Educational webinars, TradeTiger desktop terminal, Comprehensive wealth management solutions. |
Trading platforms & apps
Trading terminals, web platforms and mobile apps offered by Kotak Neo and Mirae Asset Sharekhan Limited.
| Parameter | Kotak Neo | Mirae Asset Sharekhan Limited |
|---|---|---|
| Trading platforms offered | Kotak Neo Web, Kotak Neo App, Kotak Stock Trader (Nest), Kotak Neo API | Sharekhan App, Sharekhan Web Trading Platform, TradeTiger |
| Number of platforms | 4 more choice | 3 |
| Platforms (summary) | Kotak Neo Web, Kotak Neo App, Kotak Stock Trader (Nest), Kotak Neo API | Sharekhan App, Sharekhan Web Trading Platform, TradeTiger |
| Mobile / desktop apps | Web, Android & iOS, Desktop, API | Mobile, Web, Desktop |
User ratings
User ratings for Kotak Neo and Mirae Asset Sharekhan Limited across the key parameters.
| Rated on | Kotak Neo | Mirae Asset Sharekhan Limited |
|---|---|---|
| Fees | 4.4 better | 4.2 |
| Brokerage | 4.5 better | 4.1 |
| Trading platform | 4.7 | 4.7 |
| Customer service | 4.3 | 4.5 better |
| Research | 4.4 | 4.9 better |
| Overall | 4.4 | 4.5 better |
Investment options
Which investment products Kotak Neo and Mirae Asset Sharekhan Limited let you access.
| Parameter | Kotak Neo | Mirae Asset Sharekhan Limited |
|---|---|---|
| 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 Kotak Neo and Mirae Asset Sharekhan Limited.
| Parameter | Kotak Neo | Mirae Asset Sharekhan Limited |
|---|---|---|
| Bracket Order | ✕ No | ✕ No |
| Cover Order | ✕ No | ✕ No |
| BTST | ✓ Yes | ✓ Yes |
| After Market (AMO) | ✓ Yes | ✓ Yes |
| GTC / GTT | ✓ Yes | ✓ Yes |
Safety & credibility
SEBI registration, financial strength and complaint record for Kotak Neo and Mirae Asset Sharekhan Limited.
| Parameter | Kotak Neo | Mirae Asset Sharekhan Limited |
|---|---|---|
| SEBI registration | INZ000200137 | INZ000174330 |
| NSE member code | 08081 | 10313 |
| Year of incorporation | 1994 longer track record | 2000 |
| Net worth | ₹5,000+ Crore (Approx.) | ₹8,615+ Cr* stronger |
| Exchange memberships | NSE · BSE · MCX | NSE · BSE · MCX · NCDEX |
| Latest complaint ratio | 0.034% | 0.033% fewer complaints |
Complaints record
Exchange complaint data for Kotak Neo and Mirae Asset Sharekhan Limited — the ratio matters more than the raw count.
| Parameter | Kotak Neo | Mirae Asset Sharekhan Limited |
|---|---|---|
| Latest financial year | 2025-26 | 2025–26 |
| Exchange | NSE | NSE |
| Active clients | 15,40,000+ | 31,20,000+ larger base |
| Complaints filed | 520 | 1,020 |
| Complaint ratio | 0.034% | 0.033% fewer complaints |
Pros & cons
The main advantages and drawbacks of each broker.
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.
Mirae Asset Sharekhan Limited
▲ Pros
- ✓ Backed by the globally recognized Mirae Asset Financial Group.
- ✓ Comprehensive research reports and investment recommendations.
- ✓ Supports investment in stocks, derivatives, commodities, currencies, mutual funds, IPOs, bonds, and ETFs.
- ✓ Advanced trading platforms for web, desktop, and mobile users.
- ✓ Large nationwide network of branches and relationship managers.
- ✓ Margin Trading Facility (MTF) available for eligible stocks.
- ✓ Strong educational resources, webinars, and investor learning programs.
- ✓ Reliable customer support through branches, phone, email, and chat.
- ✓ Suitable for both beginners and long-term investors.
- ✓ Offers integrated wealth management and portfolio advisory services.
▼ Cons
- ✕ Brokerage charges are higher than most discount brokers.
- ✕ Annual Maintenance Charges (AMC) apply for Demat accounts.
- ✕ Account opening process may take longer than fully digital discount brokers.
- ✕ Premium research and advisory services may involve additional charges.
- ✕ Advanced trading tools are more beneficial for experienced traders than casual investors.
- ✕ Intraday brokerage can be comparatively expensive for high-frequency traders.
- ✕ Fewer free investment tools compared to some newer fintech brokers.
- ✕ Some premium features are available only under higher-value plans or subscriptions.
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