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
On delivery, Kotak Securities charges 0.20% of trade value and Sahi ₹10 or 0.05% (lower), and both charge ₹10 / order (flat) on F&O. Choose Kotak Securities for active f&o traders and kotak bank customers wanting a bank-backed broker. Choose Sahi for cost-conscious active traders who want modern tools at ₹10 per order.
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 — ₹10 flat F&O orders and free API trading.
Est. 2024 · MumbaiFlat ₹10 per order across every segment — half the usual ₹20, with AI tools built in.
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 | 0.20% of trade value | ₹10 or 0.05% (lower) |
| Equity intraday | ₹10 or 0.05% (lower) | ₹10 or 0.05% (lower) |
| Futures | ₹10 / order (flat) | ₹10 / order (flat) |
| Options | ₹10 / order (flat) | ₹10 / 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, ETFs, IPO |
| Platforms | Kotak Neo App, Kotak Neo Web, Neo API | Sahi App, Sahi Web, Sahi Desktop |
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
- ₹402.00
- STT
- ₹201.00
- Exchange txn
- ₹6.17
- GST
- ₹76.21
- SEBI
- ₹0.20
- Stamp duty
- ₹15.00
- DP charges
- ₹15.00
Lower cost- Brokerage
- ₹20.00
- STT
- ₹201.00
- Exchange txn
- ₹6.17
- GST
- ₹7.18
- SEBI
- ₹0.20
- Stamp duty
- ₹15.00
- DP charges
- ₹13.50
On this delivery trade, Sahi is cheaper by ₹452.53 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
- ₹10 flat F&O — half the usual ₹20
- Zero brokerage on API-based orders
- Backed by Kotak Mahindra Bank
- Seamless bank + broking integration
- Delivery charged at 0.20% after the first 30 days
- App heavier than a pure discount broker
- Cross-selling of bank products
- Flat ₹10 orders — half the typical ₹20
- Zero account opening, AMC & platform fees
- AI insights, scanners & strategy builder included free
- Zero brokerage for the first 30 days
- Very new — limited track record
- Smaller user base & community
- No mutual funds, currency or commodity
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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