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Dhan vs Kotak Neo: which is cheaper?

Dhan is cheaper for delivery, and Kotak Neo for intraday, futures, options, currency futures, currency options, commodity futures and commodity options. On a ₹1 lakh delivery buy and sell, Dhan costs ₹237.23 and Kotak Neo ₹694.48 including taxes. Kotak Neo does not publish a DP charge, so its total leaves it out.

Checked 31 Oct 2026. Totals include 18% GST, STT, exchange and SEBI fees, stamp duty and the DP charge on delivery sells.

Who is cheaper, segment by segment

Each trade is one buy order and one sell order at the size shown.

Segment and tradeDhanKotak Neo Trade Free (30+)Cheaper
Equity delivery₹1 lakh buy + sell₹237.23₹694.48Dhan by ₹457.25
Equity intraday₹1 lakh buy + sell₹82.68₹59.08Kotak Neo by ₹23.60
Equity futures₹10 lakh contract₹612.75₹589.15Kotak Neo by ₹23.60
Equity options₹10,000 premium, buy + sell₹70.91₹47.31Kotak Neo by ₹23.60
Currency futures₹85,000 contract, buy + sell₹48.19₹24.59Kotak Neo by ₹23.60
Currency options₹1,000 premium₹47.94₹24.34Kotak Neo by ₹23.60
Commodity futures₹6 lakh contract, buy + sell₹150.35₹126.75Kotak Neo by ₹23.60
Commodity options₹10,000 premium₹62.39₹38.79Kotak Neo by ₹23.60

Dhan vs Kotak Neo on your own trade

Enter your own trade size. Totals include brokerage, 18% GST, STT, exchange and SEBI fees, stamp duty and, on delivery sells, the DP charge.

On this tradeDhanKotak NeoTrade Free (30+)
Brokerage₹0.00₹400.00
GST on brokerage₹0.00₹72.00
STT₹200.00₹200.00
Exchange and SEBI fees, with GST₹7.48₹7.48
Stamp duty₹15.00₹15.00
DP charge on the sell₹14.75Not published
Total₹237.23₹694.48

Dhan is ₹457.25 cheaper on this trade.

Small and large trades

Flat-fee plans cost the same at any size; percentage and per-lot plans grow with the trade.

TradeDhanKotak NeoCheaper
Equity delivery₹10,000, buy + sell₹37.00₹69.45Dhan by ₹32.45
Equity delivery₹5 lakh, buy + sell₹1,127.16₹3,472.41Dhan by ₹2,345.25
Equity delivery₹25 lakh, buy + sell₹5,576.78₹17,362.03Dhan by ₹11,785.25
Equity intraday₹5 lakh, buy + sell₹224.61₹201.01Kotak Neo by ₹23.60
Equity intraday₹25 lakh, buy + sell₹934.23₹910.63Kotak Neo by ₹23.60
Equity futures₹25 lakh contract, buy + sell₹1,461.07₹1,437.47Kotak Neo by ₹23.60
Equity options₹25,000 premium, 5 lots, buy + sell₹106.47₹82.87Kotak Neo by ₹23.60
Equity options₹1 lakh premium, 20 lots, buy + sell₹284.29₹260.69Kotak Neo by ₹23.60

Rate cards side by side

ChargeDhanKotak Neo Trade Free (30+)
Equity delivery₹00.2% of trade value
Equity intraday₹20 or 0.03% (whichever is lower)₹10 or 0.05% (whichever is lower)
Equity futures₹20 per order₹10 per order
Equity options₹20 per order₹10 per order
Currency futures₹20 or 0.03% (whichever is lower)₹10 per order
Currency options₹20 per order₹10 per order
Commodity futures₹20 per order₹10 per order
Commodity options₹20 per order₹10 per order
DP charge per sell₹14.75Not published
Demat AMC₹0not on plan page

Check before you choose

Dhan

  • F&O that goes to physical delivery costs 0.10% of contract value.
  • Free delivery, ETFs and IPOs; zero AMC for individuals.
  • Auto square-off ₹20 + GST; call & trade ₹50 + GST.

Kotak Neo

  • ₹10 on intraday and F&O, but delivery is 0.20% with no cap: ₹200 on a ₹1 lakh buy.
  • Existing clients pay ₹499 + GST to switch to this plan. Under 30? Trade Free Youth has ₹0 delivery.
  • DP charges are on a separate demat schedule, so they are not included here.

Common questions

Which is cheaper, Dhan or Kotak Neo?

Dhan is cheaper for delivery, and Kotak Neo for intraday, futures, options, currency futures, currency options, commodity futures and commodity options. On a ₹1 lakh delivery buy and sell, Dhan costs ₹237.23 and Kotak Neo ₹694.48 including taxes. Kotak Neo does not publish a DP charge, so its total leaves it out. Rates checked 31 Oct 2026.

More comparisons

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