Kotak Securities vs Sahi
A side-by-side comparison of charges, brokerage, segments and ratings — with a free calculator to see which broker is cheaper on a trade of your size.
Bottom line
Both offer free equity delivery, and both charge ₹20 / order (flat) on F&O. Choose Kotak Securities for kotak bank customers and young investors wanting a bank-backed broker. Choose Sahi for new investors wanting a simple, zero-cost app.
Charges are compiled from each broker's official published rate card and the prevailing NSE / SEBI statutory rates. Figures are indicative and reviewed periodically — always confirm current charges on the broker's own website before opening an account.
Est. 1994 · MumbaiBank-backed broker with the Kotak Neo app — free delivery and zero brokerage for under-30s.
Est. 2024 · MumbaiNew-age zero-brokerage app — free delivery and a clean, beginner-first design.
Kotak Securities vs Sahi — Charges & Features
| Parameter | | |
|---|---|---|
| Rating | 3.7/ 5 | 3.5/ 5 |
| Account opening | ₹0 (free) | ₹0 (free) |
| Maintenance (AMC) | ₹0 (Trade Free plan) | ₹0 (free) |
| Equity delivery | ₹0 (free) | ₹0 (free) |
| Equity intraday | ₹20 or 0.05% (lower) | ₹20 / order (flat) |
| Futures | ₹20 / order (flat) | ₹20 / order (flat) |
| Options | ₹20 / order (flat) | ₹20 / order (flat) |
| DP charges | ₹15 + GST per scrip (sell) | ₹13.5 + GST per scrip (sell) |
| Margin (intraday) | Up to 5× intraday (MIS) | Up to 5× intraday (MIS) |
| Active clients | ~14 lakh | New & growing |
| Founded | 1994 | 2024 |
| Headquarters | Mumbai | Mumbai |
| Segments | Equity, F&O, Currency, Commodity, Mutual Funds, IPO | Equity, F&O, Mutual Funds, IPO |
| Platforms | Kotak Neo App, Kotak Neo Web, Neo API | Sahi App, Sahi Web |
Charges are indicative, compiled from each broker's published rate card (reviewed June 2026), and exclude statutory taxes. Verify current rates on the broker's website.
Brokerage Cost Calculator
- Brokerage
- ₹0.00
- STT
- ₹201.00
- Exchange txn
- ₹5.97
- GST
- ₹3.81
- SEBI
- ₹0.20
- Stamp duty
- ₹15.00
- DP charges
- ₹15.00
Lower cost- Brokerage
- ₹0.00
- STT
- ₹201.00
- Exchange txn
- ₹5.97
- GST
- ₹3.54
- SEBI
- ₹0.20
- Stamp duty
- ₹15.00
- DP charges
- ₹13.50
On this delivery trade, Sahi is cheaper by ₹1.77 in total charges.
Estimate based on NSE statutory rates (STT, exchange, SEBI, stamp duty & 18% GST) plus each broker's published brokerage. DP charges apply on delivery sells. Actual contract-note charges may vary slightly.
Pros & Cons
- Free equity delivery & zero AMC
- Zero brokerage for under-30s (Trade Free Youth)
- Backed by Kotak Mahindra Bank
- Seamless bank + broking integration
- ₹10/order pricing needs the Trade Free Max plan
- App heavier than a pure discount broker
- Cross-selling of bank products
- Zero account opening & zero AMC
- Free equity delivery
- Clean, beginner-first interface
- Fast paperless onboarding
- Very new — limited track record
- Smaller user base & community
- Fewer advanced tools and segments
FAQs
Kotak Securities vs Sahi — FAQs
For information only — not investment advice or a recommendation of any broker. OptionX is broker-neutral. Charges are indicative; confirm current rates with the broker before opening an account.
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