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).
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)
- 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
- Commodities trading are not available
- Brokerage is higher than other Discounted Brokers
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.
|Account opening charges||Onetime Fee Rs. 750|
|Annual maintenance charges (AMC)||Free|
|Account opening charges||Free|
|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.
|Equity cash Delivery||0.49% or 49 paisa|
|Equity cash Intraday (both sides)||0.049% or 5 paisa|
|Equity Futures (both side)||0.049% or 5 paisa|
|Equity Options||Rs. 300 per lot|
|Currency Futures||.02% or Rs. 10 per lot whichever is higher|
|Currency Options||Rs 10 Per Lot|
Kotak Securities Dynamic Brokerage Plan
Dynamic brokerage plan is suitable for frequent traders to get the benefit of bargained brokerage.
|Equity Cash Delivery||0.59% to 0.30%|
|Equity Cash Intraday||0.06% to 0.05%|
|Equity Futures||0.07% to 0.05%|
|Equity Options||2.5% to 1.8%|
|Currency Futures||0.04% or ₹20 per lot|
|Currency Options||₹20 to ₹7.5 per lot|
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
|Equity Delivery||1x (no margin)|
|Equity Intraday||50 times|
|Equity Future||12 to 15 times|
|Equity Options||For 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
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.
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.
Kotak securities offer regular customer support through email, toll-free no. However, their customer services are not much good.
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.