Broker comparison
Dhan vs Kotak Neo (Kotak Securities) (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Dhan and Kotak Neo (Kotak Securities) from published official pricing and features — no affiliation with either broker.
- 1 – 3Cheaper on example trades (Dhan – Kotak Neo (Kotak Securities))
- 7 – 6Published features (of 9)
| Metric | Dhan | Kotak Neo (Kotak Securities) |
|---|---|---|
| Delivery brokerage | ₹0 (free) | 0.20% per order (Trade Free); 0.10% on Trade Free Pro (₹249/month) |
| Intraday brokerage | ₹20 or 0.03% per order (whichever is lower) | ₹10 or 0.05% per order (whichever is lower) |
| F&O brokerage | ₹20 per order (flat) | ₹10 per order (flat) |
| AMC | ₹0 (individuals & HUFs) | Not Disclosed |
| Account opening | Free (online) | Free (online) |
| Trading API | DhanHQ API — Free trading API; Data API ₹499 + taxes per month | Kotak Neo Trade API — Free (per official page) |
| Reported execution speed | 95% < 25 ms (DEXT, self-reported)self-reported | ≈ 80 ms (median) |
| Algo support | Yes - free DhanHQ API; native TradingView charts and order placement | Yes - via Neo Trade API |
| Platforms | Dhan app, Dhan web, TradingView integration, Options Trader app | Kotak Neo app, Kotak Neo web, NEST terminal |
| Best for (published) | Options traders and TradingView users who want modern tooling at flat-fee pricing. | Kotak Bank customers wanting integrated broking with research. |
Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.
Cost face-off: what real trades cost
| Trade | Dhan | Kotak Neo (Kotak Securities) | Cheaper |
|---|---|---|---|
| Intraday: ₹1 lakh buy & sell | ₹82.97 | ₹59.37 | Kotak Neo (Kotak Securities) (saves ₹23.6) |
| Delivery: ₹50,000 buy & sell | ₹131.78 | ₹379.58 | Dhan (saves ₹247.8) |
| Options: premium ₹100 × 75 | ₹66.43 | ₹42.83 | Kotak Neo (Kotak Securities) (saves ₹23.6) |
| Futures: ₹24,000 × 75 | ₹1,067.15 | ₹1,043.55 | Kotak Neo (Kotak Securities) (saves ₹23.6) |
Illustrative quantities. Try your own trade in the compare-all brokerage calculator.
Feature check
| Feature | Dhan | Kotak Neo (Kotak Securities) |
|---|---|---|
| Free delivery | ✓ | – |
| Zero AMC | ✓ | – |
| Free API | ✓ | ✓ |
| TradingView | ✓ | – |
| MCX commodity | ✓ | ✓ |
| Mutual funds | – | ✓ |
| IPO | ✓ | ✓ |
| Research desk | – | ✓ |
| Published speed | ✓ | ✓ |
What the published data shows
Dhan publishes free equity delivery; Kotak Neo (Kotak Securities) does not (per official pricing at review). Both publish execution-speed figures (Dhan: 95% < 25 ms (DEXT, self-reported); Kotak Neo (Kotak Securities): ≈ 80 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Dhan full profile
- Kotak Neo (Kotak Securities) full profile
- Dhan brokerage calculator
- Kotak Neo (Kotak Securities) brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
Related comparisons
- Zerodha vs Dhan
- Zerodha vs Kotak Neo (Kotak Securities)
- Upstox vs Dhan
- Upstox vs Kotak Neo (Kotak Securities)
- Groww vs Dhan
- Groww vs Kotak Neo (Kotak Securities)
Frequently asked questions
Dhan vs Kotak Neo (Kotak Securities): which has lower delivery brokerage?
At our last review, Dhan published delivery brokerage as "₹0 (free)" and Kotak Neo (Kotak Securities) as "0.20% per order (Trade Free); 0.10% on Trade Free Pro (₹249/month)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Dhan or Kotak Neo (Kotak Securities) have a trading API?
Both have documented APIs at review time: Dhan (DhanHQ API), Kotak Neo (Kotak Securities) (Kotak Neo Trade API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Dhan or Kotak Neo (Kotak Securities)?
Dhan publishes 95% < 25 ms (DEXT, self-reported); Kotak Neo (Kotak Securities) publishes ≈ 80 ms (median). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.
Is Dhan cheaper than Kotak Neo (Kotak Securities)?
On our four example trades (intraday, delivery, options and futures), Dhan is cheaper on 1, Kotak Neo (Kotak Securities) on 3, and 0 are tied. Statutory charges are identical, so any difference comes from brokerage.
Are these comparisons independent?
Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.
Sources
- Dhan - official website - https://dhan.co
- Dhan - official pricing - https://dhan.co/pricing/
- Kotak Neo (Kotak Securities) - official website - https://www.kotakneo.com
- Kotak Neo (Kotak Securities) - official pricing - https://www.kotakneo.com/pricing/