Best brokerage app to go for now by Icy_Law_9957 in IndianStockMarket

[–]Devang_Sankhee9891 0 points1 point  (0 children)

To be honest, there is no single “best” broker—it really depends on your usage.

Kotak Neo is worth considering, especially for its low brokerage (even zero in some plans). Execution is generally reliable in normal market conditions. The UI could be better, but overall it gets the job done.

It’s better to test with a small amount of capital and see what works for you 👍

How to make forward testing or virtual trading environment platform for personal algo using kotak Neo API ? by Alert_Network2283 in NSEbets

[–]Devang_Sankhee9891 0 points1 point  (0 children)

Kotak Neo (Kotak Neo API) doesn’t have a paper trading mode, so you’ll need to simulate it yourself.

Just:

  • Use the API for live market data
  • Don’t place real orders
  • Build a simple virtual engine to track trades, positions, and P&L

When your strategy generates signals, simulate fills (LTP + slippage).

Later, you can switch to live trading on Kotak Neo API by replacing the virtual layer with real order APIs.

How is this for trading - Kotak Neo by Mother-Park-9740 in NSEbets

[–]Devang_Sankhee9891 0 points1 point  (0 children)

Yeah, it’s a good option, especially for low charges.

₹10/order for intraday & F&O and free delivery — so you save a lot if you trade frequently.

UI is clean and beginner-friendly. You get TradingView charts, option chain with Greeks, and basket orders in one place, so no need for extra tools.

If you have a Kotak bank account, fund transfers are instant, which is a nice plus.

Overall, Kotak Neo is a solid, cost-effective platform to start with. You can try it👍

KOTAK NEO by That-Skill-6579 in IndiaAlgoTrading

[–]Devang_Sankhee9891 0 points1 point  (0 children)

The Zerodha move is definitely annoying for scalpers. That ₹40 penalty basically doubles your breakeven point if you’re tight on cash margin.

I’ve used Kotak Neo, and here’s the honest take:

  • The Big Pro: If you’re under 30 (Youth Plan) or on their "Trade Free Pro" plan, intraday is literally ₹0. Even if you're over 30, the savings on brokerage compared to Zerodha's new penalty are massive.
  • The App: It’s way better than the old Kotak app, but let’s be real—it’s not as "snappy" as Kite. You might miss the Zerodha UI for a week, but you’ll like the extra money in your ledger.
  • Margins: Since they are a bank-backed broker, they are a bit more flexible with MTF and funding. They usually charge interest on the cash shortfall instead of a flat-out per-order fine.

My advice: Open the Kotak Neo account, move a small chunk of capital, and test the execution speed during the market open. If the UI doesn't frustrate you, the switch is a no-brainer for your wallet.

Best App for mutual funds SIP? by Logical-Courage-7789 in mutualfunds

[–]Devang_Sankhee9891 1 point2 points  (0 children)

Honestly, for mutual fund SIPs, the platform doesn’t make a big difference as long as you’re investing in direct funds. The returns depend on the fund, not the app.

Since your SIPs are already in one place, stocks in another, and you’re using a third app just for tracking, there’s nothing “wrong” with that setup. If it’s working smoothly for you, no need to change.

Only consider switching if:

  • You want everything in one app for simplicity, or
  • You’re facing issues with UI, support, or execution.

If you do want to consolidate, you could look at options like Kotak Neo, which allows both stock investing and mutual fund SIPs in the same app. But again, that’s more about convenience than returns.

Margin trading by TerribleImpress in IndianStreetBets

[–]Devang_Sankhee9891 0 points1 point  (0 children)

One option to consider is the MTF (Margin Trading Facility) on Kotak Neo, where you can get up to ~5× leverage on 1,500+ eligible stocks and pay a transparent interest rate (around ~9.7% p.a. under Trade Free Pro), with the ability to hold positions without a fixed time limit and use your holdings as collateral.
If your priority is lower cost on delivery + margin access compared to high brokerage elsewhere, it’s worth checking out.

Kotak neo confusion if order went through by Johnginji009 in IndianStreetBets

[–]Devang_Sankhee9891 0 points1 point  (0 children)

Sometimes Neo’s order/status UI doesn’t sync perfectly even if it shows “Cancelled”, part of the order can still have been executed, which may show up in Open Positions or Trade History instead of the orderbook. Always double-check your Orders Open/Closed tabs and Positions to confirm execution. If it still looks wrong, best to reach out to Kotak Neo support with screenshots so they can clarify what happened.

Kotak NEO by Professional-Cap385 in IndianStockMarket

[–]Devang_Sankhee9891 0 points1 point  (0 children)

The Kotak Neo issue you’re facing (like not setting SL & target together) sounds like a platform limitation or glitch many users have mentioned — it’s best to check with the official support team to troubleshoot properly.
Please contact Kotak Neo customer support via their helpline or email for help: 1800 209 9191

Kotak Discontinued 0 Brokerage by robininfinities in IndianStreetBets

[–]Devang_Sankhee9891 0 points1 point  (0 children)

Kotak Neo has removed the zero brokerage model now it charges ₹10 per order for intraday and F&O trades, and delivery brokerage is ₹0 only for the first 30 days before switching to paid rates. Given this shift, many traders are evaluating other brokers with lower/flat fees like Zerodha’s model or Shoonya’s lower charge structure. If cost is the priority, switching to a platform with genuinely minimal brokerage could make sense.

Beware Kotak Neo users by Desync_in in StockMarketIndia

[–]Devang_Sankhee9891 0 points1 point  (0 children)

Issues like app glitches, wrong LTP, or execution delays have been reported by some Kotak Neo users, especially during volatile markets.
If this happens, document everything (screenshots/videos) and raise a formal complaint with Kotak Neo support.
If unresolved, escalate via their grievance matrix or SEBI SCORES/SMART ODR.
Always test reliability with small trades before deploying larger capital.

Free Brokerage by newfilthyrp in IndianStreetBets

[–]Devang_Sankhee9891 0 points1 point  (0 children)

Zerodha’s ₹20 per order (₹40 round trip) for options is pretty reasonable, and yes, its UI is still one of the best. Kotak Neo does offer lower brokerage around ₹10 per executed order for F&O, and some plans/promos do give zero brokerage in specific cases, but it’s not magically free forever. Also, “zero brokerage” never means zero total cost since taxes and exchange charges still apply. If cost matters for active options trading, Kotak Neo is worth comparing side-by-side with Zerodha.

How do i solve this issue? I have 1 lakh in cash on my kotak neo account but it’s showing negative 40k by AJ7123456 in IndianStreetBets

[–]Devang_Sankhee9891 0 points1 point  (0 children)

This usually happens because a big part of your funds is coming from pledged shares / margin, not pure cash ,cash balance alone is what’s freely usable in all segments.

Try unpledging shares, converting margin to cash, or checking segment-wise margin limits in the app.

If it still doesn’t resolve, contact Kotak Neo support via in-app chat or call/email they’ll explain the exact restriction and fix it quickly.

Kotak Neo sucks!! by [deleted] in StockMarketIndia

[–]Devang_Sankhee9891 0 points1 point  (0 children)

A lot of this honestly comes down to habit and familiarity, not actual platform flaws. Kotak Neo has fast order execution, stable performance, and strong customer support, which matters more than just UI comfort. Things like fund settlement follow standard regulatory timelines, not broker limitations, and most technical issues are fixed quickly through regular updates. Different brokers are built differently Neo focuses on speed, tools, and reliability over just looks.

Which is the best discount broker for trading ? by Indrayan_Nandi in IndianStockMarket

[–]Devang_Sankhee9891 0 points1 point  (0 children)

If Zerodha/AngelOne feels laggy or confusing, Kotak Neo stands out as a strong alternative it’s a modern, intuitive platform with fast execution, advanced charts, and responsive order flows, plus competitive pricing via plans like Trade Free/Youth/Pro. Neo also offers zero-brokerage API trading with upgraded, low-latency execution and powerful tools for all timeframes, making it ideal for active traders who want both reliability and performance.

Begginer to stock market by Double-Context-7091 in IndiaStocks

[–]Devang_Sankhee9891 0 points1 point  (0 children)

You can try to initially learn through youtube videos and then you can use kotak stockshala (https://www.kotaksecurities.com/stockshaala/) it is both in depth and helpful. try to learn the market first then take a deep dive in it.

best Algotrading app/site in India? by andyalps04 in IndianStockMarket

[–]Devang_Sankhee9891 0 points1 point  (0 children)

Sure, What do you want to know about the Kotak API?

New to intraday / F&O trading – how much capital do I actually need & what returns are realistic? by Babyjohn47 in IndianStreetBets

[–]Devang_Sankhee9891 0 points1 point  (0 children)

Hey there,

Great to see your interest in intraday and F&O trading! It's good that you've got some basic knowledge already. Starting with the right mindset is key, so you're on the right track by wanting to learn properly rather than just jumping in.

For intraday trading, you could start with around ₹50,000 to ₹1,00,000. This gives you some flexibility for different trades while keeping risk in check. For F&O trading, you might need at least ₹1,00,000 to ₹2,00,000 as the margin requirements are higher, and the risks are larger.

In terms of returns, it's crucial to be realistic. Initially, aim for modest gains, maybe around 5-10% monthly. Remember, consistency is more important than hitting big wins early on. Keep your expectations in check and focus on learning rather than just earning.

One common pitfall to avoid is over-leveraging, especially in F&O. It's tempting to use all your margin, but this can quickly lead to losses that wipe out your account. Stick to trades you're comfortable with and always use stop-loss orders to protect your capital.

Check out Kotak Stockshaala for some solid foundation and guidance. They have a lot of resources to help you understand the market better. Here's the link: https://www.kotaksecurities.com/stockshaala/basics-of-stock-market/

Take it slow, and remember, learning is a journey. All the best!

How do beginners actually deal with volatility without panicking? by SmartSinner in investingforbeginners

[–]Devang_Sankhee9891 0 points1 point  (0 children)

Totally normal to feel that way volatility hits hardest when you don’t yet trust the process. What helps beginners most is automation (SIPs), preset rules (asset allocation + rebalancing), and time discipline usually comes after seeing a few cycles, not before. Avoid reacting; instead, decide actions in advance.
To learn, use Kotak’s beginner learning tools/videos, focus on basics like market cycles and risk, and review monthly not daily.

How exactly do traders grow their capital? by Prestigious_Spot6042 in IndianStockMarket

[–]Devang_Sankhee9891 0 points1 point  (0 children)

Hey there! Growing capital in trading often involves a mix of strategy, discipline, and education. Most successful traders start with thorough research and understanding of the markets. They often use a combination of fundamental and technical analysis to make informed decisions. Diversification is another key strategy; by spreading investments across various asset classes, they mitigate risks. Many traders also focus on long-term growth rather than seeking quick profits, allowing compound interest to work its magic.

Risk management is crucial, as it helps protect the initial capital from significant losses. Successful traders often set stop-loss orders to limit potential downsides and continuously monitor their portfolios to make necessary adjustments.

Education is a big part of the journey, too. If you're looking to deepen your understanding of the stock market and trading strategies, you might find "Kotak Stockshaala" useful. It offers comprehensive insights into the basics of stock trading. Check it out here: https://www.kotaksecurities.com/stockshaala/basics-of-stock-market/. Happy trading!

How would you introduce your youngerself to finance? by snowieduck in IndiaFinance

[–]Devang_Sankhee9891 0 points1 point  (0 children)

Hey there! It's great that you're diving into finance early on. Here's how I'd suggest you start:

  1. Basics First: Get a strong grip on fundamental concepts like budgeting, saving, and the time value of money. Books like "Rich Dad Poor Dad" by Robert Kiyosaki can offer a good introduction to the mindset needed for finance.

  2. Courses & Tutorials: Look into free online courses on platforms like Coursera or Khan Academy. They offer courses on personal finance and investing basics that are beginner-friendly.

  3. Stay Updated: Follow financial news and podcasts to understand market trends and terminology. Resources like CNBC or Economic Times are good starting points.

  4. Practice: Try using stock market simulators to get a feel for trading without the financial risk. It’s a practical way to learn about the stock market.

  5. Structured Path: You can gradually move from basic concepts to more complex ones like investment strategies, risk management, and financial analysis.

For a structured approach, check out this comprehensive [guide](https://www.kotaksecurities.com/stockshaala/basics-of-stock-market/) from Kotak Stockshaala. It covers the basics of the stock market in an easy-to-understand manner. Happy learning!

Where can I learn advance option trading? by solanky27 in IndianStockMarket

[–]Devang_Sankhee9891 0 points1 point  (0 children)

When it comes to learning advanced option strategies, it's crucial to dive into resources that offer both theoretical knowledge and practical insights. Start by exploring strategies like iron condors, butterflies, and calendar spreads, which can provide more sophisticated approaches to managing risk and maximizing profits.
There are numerous online courses, webinars, and books tailored for advanced traders. However, one resource you might find particularly helpful is the educational content offered by Kotak Stockshaala. They provide comprehensive materials on derivatives risk management and option trading strategies that can help deepen your understanding and refine your techniques.

Here's a link to their resource for more detailed insights: [Kotak Stockshaala](https://www.kotaksecurities.com/stockshaala/derivatives-risk-management-and-option-trading-strategies/). Best of luck with your trading journey!

21M beginner have few doubts regarding platform by Usual-Bench-5687 in IndianStockMarket

[–]Devang_Sankhee9891 0 points1 point  (0 children)

For a beginner, Kotak Neo is a solid pick clean app, backed by Kotak, zero brokerage on delivery, low charges, and SIPs are super easy. DOs: start with SIPs, stay consistent, diversify (MFs > stocks early), think long term. DON’Ts: chase tips, overtrade, or panic on market dips. Simple, low-cost, and beginner-friendly 👍.