Broker comparison
Kotak Neo (Kotak Securities) vs Shoonya (Finvasia) (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Kotak Neo (Kotak Securities) and Shoonya (Finvasia) from published official pricing and features — no affiliation with either broker.
- 0 – 4Cheaper on example trades (Kotak Neo (Kotak Securities) – Shoonya (Finvasia))
- 6 – 6Published features (of 9)
| Metric | Kotak Neo (Kotak Securities) | Shoonya (Finvasia) |
|---|---|---|
| Delivery brokerage | 0.20% per order (Trade Free); 0.10% on Trade Free Pro (₹249/month) | ₹0 (free equity delivery) |
| Intraday brokerage | ₹10 or 0.05% per order (whichever is lower) | ₹5 or 0.03% per order (whichever is lower) |
| F&O brokerage | ₹10 per order (flat) | ₹5 per order (options); ₹5 or 0.03% per order for futures (whichever is lower) |
| AMC | Not Disclosed | ₹0 (individuals; ₹900 for corporate, trust and LLP accounts) |
| Account opening | Free (online) | Free (online) |
| Trading API | Kotak Neo Trade API — Free (per official page) | Shoonya API — Free (per official page) |
| Reported execution speed | ≈ 80 ms (median) | ≈ 140 ms (median) |
| Algo support | Yes - via Neo Trade API | Yes - free API |
| Platforms | Kotak Neo app, Kotak Neo web, NEST terminal | Shoonya app, Shoonya web, Shoonya desktop |
| Best for (published) | Kotak Bank customers wanting integrated broking with research. | High-frequency, cost-obsessed traders who accept a smaller platform. |
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 | Kotak Neo (Kotak Securities) | Shoonya (Finvasia) | Cheaper |
|---|---|---|---|
| Intraday: ₹1 lakh buy & sell | ₹59.37 | ₹47.57 | Shoonya (Finvasia) (saves ₹11.8) |
| Delivery: ₹50,000 buy & sell | ₹379.58 | ₹131.78 | Shoonya (Finvasia) (saves ₹247.8) |
| Options: premium ₹100 × 75 | ₹42.83 | ₹31.03 | Shoonya (Finvasia) (saves ₹11.8) |
| Futures: ₹24,000 × 75 | ₹1,043.55 | ₹1,031.75 | Shoonya (Finvasia) (saves ₹11.8) |
Illustrative quantities. Try your own trade in the compare-all brokerage calculator.
Feature check
| Feature | Kotak Neo (Kotak Securities) | Shoonya (Finvasia) |
|---|---|---|
| Free delivery | – | ✓ |
| Zero AMC | – | ✓ |
| Free API | ✓ | ✓ |
| TradingView | – | – |
| MCX commodity | ✓ | ✓ |
| Mutual funds | ✓ | ✓ |
| IPO | ✓ | – |
| Research desk | ✓ | – |
| Published speed | ✓ | ✓ |
What the published data shows
Shoonya (Finvasia) publishes free equity delivery; Kotak Neo (Kotak Securities) does not (per official pricing at review). Both publish execution-speed figures (Kotak Neo (Kotak Securities): ≈ 80 ms (median); Shoonya (Finvasia): ≈ 140 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Kotak Neo (Kotak Securities) full profile
- Shoonya (Finvasia) full profile
- Kotak Neo (Kotak Securities) brokerage calculator
- Shoonya (Finvasia) brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Kotak Neo (Kotak Securities) vs Shoonya (Finvasia): which has lower delivery brokerage?
At our last review, Kotak Neo (Kotak Securities) published delivery brokerage as "0.20% per order (Trade Free); 0.10% on Trade Free Pro (₹249/month)" and Shoonya (Finvasia) as "₹0 (free equity delivery)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Kotak Neo (Kotak Securities) or Shoonya (Finvasia) have a trading API?
Both have documented APIs at review time: Kotak Neo (Kotak Securities) (Kotak Neo Trade API), Shoonya (Finvasia) (Shoonya API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Kotak Neo (Kotak Securities) or Shoonya (Finvasia)?
Kotak Neo (Kotak Securities) publishes ≈ 80 ms (median); Shoonya (Finvasia) publishes ≈ 140 ms (median). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.
Is Kotak Neo (Kotak Securities) cheaper than Shoonya (Finvasia)?
On our four example trades (intraday, delivery, options and futures), Kotak Neo (Kotak Securities) is cheaper on 0, Shoonya (Finvasia) on 4, 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
- Kotak Neo (Kotak Securities) - official website - https://www.kotakneo.com
- Kotak Neo (Kotak Securities) - official pricing - https://www.kotakneo.com/pricing/
- Shoonya (Finvasia) - official website - https://shoonya.com
- Shoonya (Finvasia) - official pricing - https://shoonya.com/pricing