Kotak Neo vs Sahi
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
Kotak Neo
VS
Sahi
Kotak Neo vs Sahi — 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 Sahi if
You want low-cost, self-directed trading
Trading Simplified.
Company overview
Kotak Neo is a full-service broker incorporated in 1994; Sahi is a discount broker incorporated in 2021.
| Parameter | Kotak Neo | Sahi |
|---|---|---|
| Type of broker | Full-Service Broker | Discount Broker |
| Exchange membership | NSE · BSE · MCX | NSE · BSE |
| Year of incorporation | 1994 older | 2021 |
| Number of branches | 1,500+ Branches & Customer Touchpoints | Online Only |
| Active clients | 15+ Lakh (Approx.) larger | 1 Lakh+ |
Charges & AMC
Account-opening and maintenance charges for Kotak Neo and Sahi compared side by side.
| Parameter | Kotak Neo | Sahi |
|---|---|---|
| Trading a/c opening | ₹0 (Online) | ₹0 |
| Trading a/c AMC | ₹0 | ₹0 |
| Demat a/c opening | ₹0 | ₹0 |
| Demat a/c AMC | As per applicable tariff plan | ₹0 |
| DP charges (per ISIN, sell) | ₹13.5 + GST per debit | ₹13.5 per company (ISIN) on sell transactions |
Brokerage charges
How Kotak Neo and Sahi price each trading segment, per executed order.
| Parameter | Kotak Neo | Sahi |
|---|---|---|
| Equity Delivery | ₹0 (Free) | ₹10 or 0.05% per executed order (whichever is lower) |
| Equity Intraday | ₹20 or 0.03% (lower) | ₹10 or 0.05% per executed order (whichever is lower) |
| Equity Futures | ₹20 or 0.03% (lower) | ₹10 per executed order |
| Equity Options | ₹20/order | ₹10 per executed order |
| Currency F&O | ₹20 or 0.03% (lower) | ₹10 per executed order |
| Commodity F&O | ₹20 or 0.03% (lower) | ₹10 per executed order |
| Call & Trade | +₹50/order | Not Available |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by Kotak Neo and Sahi, per segment.
| Parameter | Kotak Neo | Sahi |
|---|---|---|
| Equity Delivery | NSE ₹297 per Crore (0.00297%) | BSE ₹297 per Crore (0.00297%) | NSE: 0.0030699% • BSE: 0.00375% |
| Equity Intraday | NSE ₹297 per Crore (0.00297%) | BSE ₹297 per Crore (0.00297%) | NSE: 0.0030699% • BSE: 0.00375% |
| Equity Futures | NSE ₹173 per Crore (0.00173%) | BSE ₹173 per Crore (0.00173%) | NSE: 0.0018299% |
| Equity Options | NSE ₹3,503 per Crore of premium (0.03503%) | BSE ₹3,250 per Crore of premium (0.0325%) | NSE: 0.0355299% (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: As per applicable exchange charges |
| Commodity Options | MCX ₹5,000 per Crore of premium (0.05%) | MCX: As per applicable exchange charges |
Demat & DP charges
Depository (demat) charges for Kotak Neo and Sahi — AMC, debit transactions, pledging and remat.
| Parameter | Kotak Neo | Sahi |
|---|---|---|
| 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 |
| Debit Transaction Charges | — | ₹13.5 per company (ISIN) on sell transactions |
| Pledge / Unpledge Charges | — | ₹15 per transaction/ISIN + GST |
| Dematerialisation (Demat) | — | ₹150 per certificate + courier charges |
| Rematerialisation (Remat) | — | ₹150 per certificate + courier charges |
| Failed Transactions | — | ₹50 per ISIN |
Margin & leverage (MTF)
Intraday and delivery margin / leverage offered by Kotak Neo and Sahi.
| Parameter | Kotak Neo | Sahi |
|---|---|---|
| Equity Delivery | 100% of trade value (1x) | 100% of trade value (1x) |
| Equity Intraday | As per SEBI peak margin norms (Up to 5x (eligible stocks)) | VAR + ELM Margin (Up to 5x*) |
| F&O (Eq/Curr/Comm) | SPAN + Exposure Margin (1x) | SPAN + Exposure Margin (As per available margin) |
| Equity Options (Buy) | — | Premium Value (Not Applicable) |
| Equity Options (Sell) | — | SPAN + Exposure Margin (As per available margin) |
| Currency Futures & Options | — | Not Available |
| Commodity Futures & Options | — | Not Available |
Features & account
Account type and feature availability across Kotak Neo and Sahi.
| Parameter | Kotak Neo | Sahi |
|---|---|---|
| 3-in-1 account | ✓ Yes better | ✕ No |
| Automated / API trading | ✓ Yes better | ✕ No |
| Margin Trading (MTF) | ✓ Yes better | ✕ No |
| Trading in SME shares | ✓ Yes | ✓ Yes |
| Trading platforms | Kotak Neo Web, Kotak Neo App, Kotak Stock Trader (Nest), Kotak Neo API | Sahi Web, Sahi Mobile App |
| 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 Charts, Option Chain, Watchlists, Price Alerts, Digital KYC, Real-time Market Data, Portfolio Tracking |
Trading platforms & apps
Trading terminals, web platforms and mobile apps offered by Kotak Neo and Sahi.
| Parameter | Kotak Neo | Sahi |
|---|---|---|
| Trading platforms offered | Kotak Neo Web, Kotak Neo App, Kotak Stock Trader (Nest), Kotak Neo API | Sahi Web, Sahi Mobile App |
| Number of platforms | 4 more choice | 2 |
| Platforms (summary) | Kotak Neo Web, Kotak Neo App, Kotak Stock Trader (Nest), Kotak Neo API | Sahi Web, Sahi Mobile App |
| Mobile / desktop apps | Web, Android & iOS, Desktop, API | Web, Mobile |
User ratings
User ratings for Kotak Neo and Sahi across the key parameters.
| Rated on | Kotak Neo | Sahi |
|---|---|---|
| Fees | 4.4 | 4.8 better |
| Brokerage | 4.5 | 4.8 better |
| Trading platform | 4.7 better | 4.5 |
| Customer service | 4.3 better | 4.2 |
| Research | 4.4 better | 3.8 |
| Overall | 4.4 | 4.4 |
Investment options
Which investment products Kotak Neo and Sahi let you access.
| Parameter | Kotak Neo | Sahi |
|---|---|---|
| Stocks / Equity | ✓ Yes | ✓ Yes |
| Commodity | ✓ Yes better | ✕ No |
| IPO | ✓ Yes better | ✕ No |
| Mutual Funds | ✓ Yes better | ✕ No |
| Bonds / NCD | ✓ Yes better | ✕ No |
Order types offered
Advanced order types supported by Kotak Neo and Sahi.
| Parameter | Kotak Neo | Sahi |
|---|---|---|
| Bracket Order | ✕ No | ✕ No |
| Cover Order | ✕ No | ✕ No |
| BTST | ✓ Yes | ✓ Yes |
| After Market (AMO) | ✓ Yes | ✓ Yes |
| GTC / GTT | ✓ Yes better | ✕ No |
Safety & credibility
SEBI registration, financial strength and complaint record for Kotak Neo and Sahi.
| Parameter | Kotak Neo | Sahi |
|---|---|---|
| SEBI registration | INZ000200137 | INZ000314836 |
| NSE member code | 08081 | 90392 |
| Year of incorporation | 1994 longer track record | 2021 |
| Net worth | ₹5,000+ Crore (Approx.) stronger | ₹25+ Cr |
| Exchange memberships | NSE · BSE · MCX | NSE · BSE |
| Latest complaint ratio | 0.034% | N.A. |
Complaints record
Exchange complaint data for Kotak Neo and Sahi — the ratio matters more than the raw count.
| Parameter | Kotak Neo | Sahi |
|---|---|---|
| Latest financial year | 2025-26 | 2025–26 |
| Exchange | NSE | NSE |
| Active clients | 15,40,000+ | Latest Available |
| Complaints filed | 520 | N.A. |
| Complaint ratio | 0.034% | N.A. |
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.
Sahi
▲ Pros
- ✓ Simple and transparent brokerage structure.
- ✓ ₹0 account opening and ₹0 annual Demat AMC.
- ✓ Fully digital and paperless account opening.
- ✓ User-friendly web and mobile trading platforms.
- ✓ Advanced charting, watchlists, and option chain.
- ✓ Suitable for beginners as well as active traders.
▼ Cons
- ✕ Limited research and advisory services.
- ✕ Investment products are fewer than large full-service brokers.
- ✕ No physical branch network.
- ✕ Call & Trade facility is limited or unavailable.
- ✕ Does not offer as many premium investment services as traditional brokers.
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