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ICICI Direct vs Kotak Neo: which is cheaper?

Kotak Neo is cheaper in every segment both brokers offer. On a ₹1 lakh delivery buy and sell, ICICI Direct costs ₹930.48 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 tradeICICI Direct MoneySaver (default)Kotak Neo Trade Free (30+)Cheaper
Equity delivery₹1 lakh buy + sell₹930.48₹694.48Kotak Neo by ₹236.00
Equity intraday₹1 lakh buy + sell₹103.92₹59.08Kotak Neo by ₹44.84
Equity futures₹10 lakh contract₹1,249.95₹589.15Kotak Neo by ₹660.80
Equity options₹10,000 premium, buy + sell₹139.35₹47.31Kotak Neo by ₹92.04
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

ICICI Direct 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 tradeICICI DirectMoneySaver (default)Kotak NeoTrade Free (30+)
Brokerage₹580.00₹400.00
GST on brokerage₹104.40₹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₹23.60Not published
Total₹930.48₹694.48

Kotak Neo is ₹236.00 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.

TradeICICI DirectKotak NeoCheaper
Equity delivery₹10,000, buy + sell₹114.29₹69.45Kotak Neo by ₹44.84
Equity delivery₹5 lakh, buy + sell₹4,558.01₹3,472.41Kotak Neo by ₹1,085.60
Equity delivery₹25 lakh, buy + sell₹22,695.63₹17,362.03Kotak Neo by ₹5,333.60
Equity intraday₹5 lakh, buy + sell₹519.61₹201.01Kotak Neo by ₹318.60
Equity intraday₹25 lakh, buy + sell₹2,598.03₹910.63Kotak Neo by ₹1,687.40
Equity futures₹25 lakh contract, buy + sell₹3,124.87₹1,437.47Kotak Neo by ₹1,687.40
Equity options₹25,000 premium, 5 lots, buy + sell₹637.47₹82.87Kotak Neo by ₹554.60
Equity options₹1 lakh premium, 20 lots, buy + sell₹2,549.89₹260.69Kotak Neo by ₹2,289.20

Rate cards side by side

ChargeICICI Direct MoneySaver (default)Kotak Neo Trade Free (30+)
Equity delivery0.29% of trade value0.2% of trade value
Equity intraday0.029% of trade value₹10 or 0.05% (whichever is lower)
Equity futures0.029% of trade value₹10 per order
Equity options₹49 per lot₹10 per order
Currency futures₹20 per order₹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₹23.60Not published
Demat AMC₹700/yrnot on plan page

ICICI Direct also offers the iValue add-on plan, which changes some of these numbers. See every ICICI Direct plan.

Check before you choose

ICICI Direct

  • If you buy no plan you pay 0.29% on delivery, 0.029% on intraday and futures, and ₹49 per options lot.
  • One-time Prime plans bring delivery down to 0.25%–0.07%.
  • Call & trade ₹50 per order.

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, ICICI Direct or Kotak Neo?

Kotak Neo is cheaper in every segment both brokers offer. On a ₹1 lakh delivery buy and sell, ICICI Direct costs ₹930.48 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.

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