Kotak Securities Review

Kotak Securities Ltd. is the subsidiary of Kotak Mahindra Bank Ltd. It is one of the largest and renowned full-service brokerage firms of the country.

Kotak securities offer a three-in-one account that includes opening a Demat, trading as well as a bank account together. In three in one account, the investors don’t need to transfer money manually. However, it will get transferred automatically.

Kotak Securities Ltd. Offers the Demat and Trading account for buying and selling of the stocks in the market. They are registered under the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

In addition, Kotak Mahindra Bank is a Depository Participant (DP) with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL).

kotak securities

Major Achievements By Kotak Securities

Briefly speaking about the innovations and awards of Kotak securities,

  • They are the first broker to introduce Mobile Trading App to track all the investments.
  • They also introduced the concept of SMS alerts right before the execution of the depository transaction.
  • Awarded as Best Brokerage India 2018 – by Triple A Asset Country Awards in the Best Advisors South Asia Category.

Broking services by Kotak Securities

Kotak Securities Ltd. Provides a wide range of investment products and services as below:

  • Portfolio management 
  • Cash equity
  • Equity and currency derivative, 
  • Mutual fund
  • Initial public offering (IPO)
  • Exchange trading fund (EFT)
  • Bond
  • Gold exchange trading fund
  • Interest Rate Futures and Depository Services

Advantages of Kotak securities 

  • Wide range of investment options
  • Daily SMS alert facilities 
  • Free trading platforms and tools 
  • No brokerage for the Loss Making Trades 
  • Enjoy Free Intraday Trading at Rs 999/year
  • In-depth analysis and stock recommendations

Disadvantages of Kotak Securities  

Account Opening Charge and AMC of Kotak Securities

Users don’t need to deposit any minimum account for opening a Demat and trading account with Kotak Securities.

Further, Kotak securities don’t charge any fee for opening the Demat account. However, they charge a one-time fee as trading account opening charges to initiate your account.

Trading Account 
Account opening chargesOnetime Fee Rs. 750
Annual maintenance charges (AMC)Free
Demat Account 
Account opening chargesFree
Annual maintenance charges (AMC)Rs. 50 per month (Yearly Rs. 600) for resident Indians and Rs. 75 per month for NRIs (yearly Rs. 900)

Note: If there are no transactions and no securities in the account for any year, then there will be no maintenance fees.

Brokerage Of Kotak Securities

Brokerage charges are the charges that a security brokerage company charges for executing a transaction. Therefore, customers pay the brokerage when buying or selling the securities (stock). 

Kotak Securities Minimum Brokerage Plan

Cash Delivery: 4 paise per share, or Rs. 21 per executed order, whichever is higher

Intraday: 4 paise per share, or Rs. 21 per completed order, whichever is higher

Equity Futures: 4 paise per share subject to 2.5% of the contract value

Kotak Securities Fixed Brokerage Plan 

Fixed brokerage plan is suitable for those who are new in the trading and don’t trade frequently. These fees are fixed on a monthly basis irrespective of the volume of the trade.

SegmentBrokerage Fee
Equity cash Delivery0.49% or 49 paisa
Equity cash Intraday (both sides)0.049% or 5 paisa
Equity Futures (both side)0.049% or 5 paisa
Equity OptionsRs. 300 per lot
Currency Futures.02% or Rs. 10 per lot whichever is higher
Currency OptionsRs 10 Per Lot
CommodityNot applicable

Kotak Securities Dynamic Brokerage Plan

Dynamic brokerage plan is suitable for frequent traders to get the benefit of bargained brokerage.

SegmentBrokerage Fee
Equity Cash Delivery0.59% to 0.30%
Equity Cash Intraday0.06% to 0.05%
Equity Futures0.07% to 0.05%
Equity Options2.5% to 1.8%
Currency Futures0.04% or ₹20 per lot
Currency Options₹20 to ₹7.5 per lot
CommodityNot applicable

Kotak Security Free trading plan

Kotak’s free trading plan is available at Rs. 999 for a year. It is very beneficial for daily traders to save brokerage charges. That means you don’t need to pay any brokerage on your intraday trading. The free plan is applicable for all intraday trading orders, i.e. equity segments, be it cash, futures or options.

Kotak securities margin

SegmentMargin
Equity Delivery1x (no margin)
Equity Intraday50 times
Equity Future12 to 15 times
Equity OptionsFor selling 200 times and for buying: 10 times

Kotak Securities Trading Softwares/Apps 

It provides multiple trading platforms for making the trading simple as per the convenience of the traders or investors.

Kotak securities website

It is the web-based trading platform with all the trading facilities. You can log in at the platform and execute trading.

Xtralite website platform

This platform is specifically designed for traders who face slow internet problems. You can access the tool on any web browser or on your smartphone.

KEAT Pro X

kotak securities keat pro x

KEAT Pro X is also Kotak securities real-time based software to access the BSE, NSE, and currency markets at a single platform. Accordingly, you can monitor your portfolio, get stock recommendations, charting tool facility, etc through KEAT Pro X.

Fastlane

Another trading tool is Fastlane for online trading customers. Using the platform, traders can trade in securities, create a watch list, or modify any order, etc. You can also access live streaming of the market during the trading hours.

Kotak Stock Trader

This is the share market app that allows you to deal with the market through your mobile phone. You can download Kotak Stock Trader in any mobile application. Non- registered customers can also access the app to view the market updates, review intraday charts, create a watch list, and many more features.

Customer support

Kotak securities offer regular customer support through email, toll-free no. However, their customer services are not much good.

Conclusion

To conclude, Kotak securities is a well known full-service brokerage firm with great innovative tools and trading platforms. However, their brokerage is much higher as compared to other brokers.

Some users complain about the lots of hidden charges. Thus, if you are looking for seamless trading options, then you can opt for the Kotak securities.

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Paul
Paul
7 years ago

Opening charges of 750 is collected…..

Paul
Paul
7 years ago

I don’t know Y they are collecting different brokerage charges for intra-day trading for both the sides….Can any one clear me this ?

ravi
ravi
7 years ago

Exactly what was the charge at the time of buy

Mansoor
Mansoor
6 years ago

Who s best broker in share trading?

stock broker india-trade smart online
stock broker india-trade smart online
6 years ago

It’s Ideal post for me Actually.I’m new in this field .

samee
samee
4 years ago

sir, contact me for branch and business development of your company. iam providing wealth and business development consultancy to business houses.just call me at 9897088975

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