Account Opening Charge, AMC And Brokerage Of Kotak Securities

Incorporated in 1994, Kotak Securities Limited, the leading stock broking house of India is 100% subsidiary of Kotak Mahindra Bank. Company offering includes stock broking through the branch and Internet, Investments in IPO, Mutual funds and Portfolio management service. It also offers portfolio management services to high net worth individuals and corporate customers. Kotak securities also distributes a range of financial products, including company fixed deposits, mutual funds, initial public offerings, secondary debt, equity, and small savings schemes.

Most of the services provided by the company are available though its internet portal. In early 2009 company launched Saxo’s global trading platform in India. This platform provide direct access to equities, ETF’s and REITS spanning 24 stock exchanges across the USA, Europe, Asia and Australia. Kotak Securities is a corporate member of both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Currently, Kotak Securities is one of the largest broking houses in India with wide geographical reach.

Trade In: BSE and NSE

Account Types:

Kotak offers different account types according to users requirement:

Super Derivatives
Super Derivatives account is specially made for those investors who are averse to taking risks and trade high volumes in futures and options.Risk would be reduced in this account as account is mainly focused on derivative investments. Kotak has dedicated teams for technical and derivative analysis. Kotak’s analyzing team analyzes various parameters of derivative data, so investor need not to waste their time on data analyzing. An investor gets access to both dealers and experts so they can speak to them directly via phone/chat. This opportunity gives investor to know the rationale behind a particular position or strategy at all times, identify opportunities and know details on market movements etc. In Super Derivatives account an investor also will be able to use advanced strategies. Kotak’s experts suggest strategies to their investor’s positions where the risk return ratio is much lower.

One can activate Kotak securities Super Derivatives account with minimum amount Rs. 25 lakh as margin, by way of cash or stock.

  • For Derivative brokerage – Futures is .05% both sides and for Derivative brokerage – Options is 0.05% or Rs 150 per contract whichever is higher (both sides).
  • Delivery Brokerage is 0.45%.

AutoInvest
AutoInvest is a unique Online Trading Account which provide investment planning in Gold ETFs (Exchange Traded Funds), Equities and Mutual Funds to their customers. Gold ETFs are mutual fund schemes that will invest the money collected from their investors in standard gold bullion. Kotak’s advisor gives the recommendation according to investor’s risk capability and investment plans. Minimum investment of Rs 5000 required for AutoInvest account.

Kotak Gateway
Kotak Gateway account opens the gateway to a world of investing opportunities for beginners. Kotak Gateway user can trade anywhere, anytime using internet. Kotak also offers call and trade facility.

Kotak Securities provide SMS alert, research report, free news and market updates to the account holders. Best feature of Kotak gateway is call and trade facility. Anybody can activate Kotak Gateway account with any amount between Rs 20,000 to 5, 00,000. This can be in form of cash deposit or the value of the shares you buy. Brokerage will be charged based on the account type. For intraday trading brokerage is .06% both sides for less then 25 lakhs and .023% for more then 25 crores.

Kotak Privilege Circle
Kotak Privilege Circle is the premium investment account offed by Kotak Securities. Along with Kotak Gateway account benefits Kotak provides independent market expertise and support through a dedicated relationship manager and a dedicated customer service desk which provides assistance in opening accounts, handling day-to-day problems, and more. They provides KEAT premium which is an exclusive online tool that lets you monitor what is happening in the market and view your gains and losses in real-time.

One can activate Kotak Privilege Circle account with any amount more than Rs. 10,00,000 as margin, by way of cash or stock. For intraday trading brokerage is .06% both sides for less then 25 lakhs and .03% for more then 25 crores.

Other then above 4 accounts, Kotak Securities also provide following accounts:

Kotak Freedom for Mutual Fund Investments.
Kotak Super Saver, a Flat Brokerage and a Low Margin account.
PMS (Portfolio Management Service), an account for people who need an expert to help to manage their investments.
NRI Account, a online trading an investment account for NRI investors.

Brokerage and Account opening fees:

Account Opening Charges – Nil

BROKERAGE STRUCTURE

Delivery – Brokerage applicable both side

< 1lakh 0.59% Gateway A/C
1 – 5 lakh 0.55%
5 – 10 lakh 0.45%
10 – 20 lakh 0.36%
20 – 60 lakh 0.27%
60 lakh – 2 crore 0.23%
> 2 crore 0.18% Privilege A/C

Intraday Brokerage

< 25 lakhs 0.06% both sides Gateway A/C
25 lakhs – 2 crores 0.05% both sides
2 crores – 5 crores 0.04% both sides
> 5 crores 0.03% both sides Privilege A/C

Futures Brokerage

Intraday brokerages Settlement
< 2 crores 0.07% both sides 0.09% both sides Gateway A/C
2 – 5.5 crores 0.045% both sides 0.073% both sides
5.5 – 10 crores 0.036% both sides 0.046% both sides
10 – 25 crores 0.027% both sides 0.046% both sides Privilege A/C
> 25 crores 0.023% both sides 0.032% both sides

Options – Brokerage applicable both side

Monthly Premium Volume Intraday Brokerage% Settlement Brokerage% Minimum Brokerage Per Lot (Intraday) Minimum Brokerage Per Lot (Settlement)
Upto 4Lacs 2.5 2.5 100 100 Gateway
4Lacs-11Lacs 2.25 2.5 100 100
11Lacs-20Lacs 1.8 2.3 100 100
20Lacs-50Lacs 1.35 2.3 80 100 Privilege
< 50Lacs 1.15 1.6 70 100

Individual Investors require following documents to open an account with Kotak:

Photograph
Proof of Address (Passport, Driver’s License, Ration Card, Voter’s Identity card, Telephone bill, and Electricity bill, Bank Passbook / Bank Statement or Rent Agreement)
Proof of Identity (Passport, PAN Card, Voter’s Identity Card, Driver’s License or MAPIN UID Card)
Signature Verification

Useful links about Kotak Securities Limited
Website: http://www.kotaksecurities.com
FAQs: http://www.kotaksecurities.com/faqs/faq.html
Phone:  30305757 (dial from mobile phone prefix your city STD code)
Toll Free: 1800-222-299 , 1800-209-9191
E-Mail:service.securities@kotak.com
Registered Office:
Kotak Securities Ltd.
1st Floor Bakhtawar,
Nariman Point,
Mumbai – 400021
Ph: 022-66341100

Article By SUJIT KUMAR

SUJIT KUMAR has written 65 post in this blog.

Sujit Kumar has 5+ Years of experience In Indian Stock market as a professional Trader & He has worked with Angel Broking Ltd. & IndiaNivesh Pvt. Ltd. as a Relationship Manger for 2 Years. Currently He is working as freelance Investment Adviser.

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