Kotak Neo Launches 'No Brokerage Plan' For All Clients Under 30

Kotak Neo today announced the launch of its No Brokerage Plan for all traders below the age of 30 to boost their investment goals. This plan is completely free of any brokerage charge for all customers under the age of 30 and applies to delivery trades and Intraday trades across equity, currency, commodity, and F&O segments.

The plan can be availed by paying Rs 499 per year and it is available for all self-directed investors and traders. Moreover, new clients who opt for the "No Brokerage Plan" will get vouchers worth Rs 1,998 post onboarding.

Jaideep Hansraj, MD & CEO, Kotak Neo, said, "The No Brokerage Plan" will hugely benefit the new-to-trade and young investors of our country with a special pricing planned by Kotak Neo. We believe the revision in the charges will bring in more value for the youngsters and will also encourage them to participate more actively in wealth creation.

About Kotak Neo Kotak Neo (Kotak Neo), a subsidiary of Kotak Mahindra Bank, is one of India's largest full-service stock broking firms catering to retail and institutional investors across all segments of the capital market. Through a tie-up with partner brokers, the company also provides direct access to the US markets. Supported by a strong research team, robust digital trading platform, large branch network & franchisee base, and referral coordinators spread across Kona Kona of India, Kotak Neo processes lakhs of secondary market trades every day. As on 31st December, 2021, Kotak Neo has a national footprint of 153 branches, 1443 franchisees and satellite offices across 382 cities in India serving 31 lakh client base. Kotak Neo provides a wide array of services including investment options in equities, derivatives (equities, commodities, currency) and mutual funds. It also offers margin trade funding, depository services and third-party products like insurance.

For more information, please visit the company’s website