Kotak Securities Limited is a leading brokerage, distribution and financial services company. Its major business comes from stock brokerage service for investors and traders.
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Kotak Securities Limited, a subsidiary of Kotak Mahindra Bank, is the stock broking and distribution arm of the Kotak Mahindra Group. The Group has business interest in commercial banking, stock broking, mutual funds, life insurance and investment banking and its customer base includes individual, NRI and institutional investors.
Kotak Securities, the popular stock broker is amongst the top five Share Brokers in India having customer base of more than 10 lac, 1128 branches and sub Brokers in 350 cities . The broker also has international presence with offices in London, New York, Dubai, Abu Dhabi, Mauritius and Singapore.
Kotak securities as a full service broker provides wide range of investment products and services such as share trading, derivatives trading, mutual funds, IPO, Exchange Traded Funds, Currency Derivatives, Tax Free bonds, portfolio management, Stock Lending and Borrowing, Interest Rate Futures and Depository Services. The Broker still doesn't have commodity trading facility.
Kotak Securities is a corporate member of NSE and BSE and depository participant (DP) with NSDL and CDSL for Demat Account. They have a research division to study the macroeconomic indicators, sectors, company-specific equity research, which regularly publishes stock market analysis. The Broker also provide in-depth daily alerts, economic reports and customizable Research Reports to its clients.
They offer a single platform for investments in equities, mutual funds and currency derivatives. Kotak provides margin against securities using shares in your demat account.Available margin can be used for any of the three segments. Super Multiple, a service offered by Kotak allows you up to 18 Times exposure on NV20 Script and 14 times exposure against your margin, on additional specified scrips.
Kotak Securities Academy is the free guidance on equities, mutual funds, futures, options and financial planning provided by Kotak to its clients.
Regular customer support through email, toll free no is available and it is consider to be average only, not beyond expectation.
|Service Type||Full Service Broker||Discount Broker||Full Service Broker||Full Service Broker||Discount Broker|
|Brokerage||.049 to .49%||Rs 20||0.05 to .55%||0.1 to 0.5%||Rs 15|
|Account Type||3 in 1||2 in 1||3 in 1||2 in 1||2 in 1|
1. Fixed Brokerage Plan:This plan suits newbies as the brokerage is fixed irrespective of the volume of trade. Call & Trade facility is free for first 20 calls. From the 21st call, Rs 20 per call is charged. Not suited for Option Trading as brokerage is really high for it.
|Square off (Both Sides)||0.049%|
|Futures (Both Sides)||0.049%|
|Options||Rs 300 Per Lot|
|Minimum Brokerage||4 paise for delivery and 3 paise for Intraday and Futures orders|
Minimum Brokerage Charges:4 paise for delivery and 3 paise for Intraday and Futures orders.
2. Dynamic Brokerage Plan: This is the brokerage plan depending upon the volume of trade per month in particular segment. The more is your volume the lower will be the brokerage. Clients can get a good bargain on their brokerage rates. The Brokerage can go as low as .30% for equity trading.
|Slabs||Brokerage Applicable(Both Side)|
|Less then 1 lakh||0.59%|
|Above 50 lakh||0.30%|
Cash Intraday - Brokerage Details
|Slabs||Brokerage Applicable(Both Side)|
|Less then 25 lakh||0.06%|
|Above 25 lakh||0.05%|
Futures - Brokerage Details
|Slabs||Brokerage Applicable(Both Side)||Brokerage Applicable(Both Side)|
|Less then 2 crore||0.07%||0.05%|
|Above 2 crore||0.09%||0.073%|
Options - Brokerage Details
|Monthly Premium Volume||Intraday Brokerage||Settlement brokerages||Minimum Brokerage Per Lot (Intraday)|
|Upto 4 laks||2.5%||2.5%||Rs 300|
|4-11 laks||2.25%||2.5%||Rs 240|
|Above 11 laks||1.8%||2.3%||Rs 180|
Currency Derivative - Brokerage Details
|Monthly Volume Slab(In Crs)||Currency Futures||Currency Options|
|0-3||0.04% or Rs 20 per lot, whichever is higher||Rs 20 Per lot|
|3-8||0.036% or Rs 18 per lot, whichever is higher||Rs 18 Per lot|
|8-15||0.030% or Rs 15 per lot, whichever is higher||Rs 15 Per lot|
|15-30||0.02% or Rs 10 per, whichever is higher||Rs 10 Per lot|
|Above 30||0.015% or Rs 7.5 per lot, whichever is higher||Rs 7.5 Per lot|
Minimum brokerage Charges: cash Delivery: 0.04 P (per share), Intraday: Rs. 0.04 P (per share), OR Rs. 21/- per executed order, whichever is higher, Equity Futures: 0.04 P (per share) subject to ceiling of 2.5% of contract value.
3. Advanced Brokerage Plan : This is a prepaid brokerage plan where you requires to pay a Advance fee at the beginning of a specific time period. This Advance Fee is refundable to the extent of the brokerage generated by the client during the Validity Period of the Plan. The plan duration is 12 months. The brokerage can be as low as .12% for equity and .015% for intraday and future if your trading volume is high. There is no Account opening fee with this plan.
Plan details & Charges
|Particulars||PLAN A||PLAN B||PLAN C||PLAN D|
|Total Cheque Amount||Rs 5000+ST||Rs 10,000+ST||Rs 50,000+ST||Rs 2,00,000+ST|
|Validity||12 Months||12 Months||12 Months||12 Months|
|Options||Rs 225/- per lot||Rs 225/- per lot||Rs 150/- per lot||Rs 150/- per lot|
|Currency Futures (Each Leg)||0.024% or Rs. 12 per lot whichever is higher||0.020% or Rs. 10 per lot whichever is higher||0.016% or Rs. 8 per lot whichever is higher||0.016% or Rs. 8 per lot whichever is higher|
|Currency Options (Each Leg)||Rs 12||Rs 10||Rs 8||Rs 8|
Trinity Account: Kotak Securities Trinity Account is a 3 in 1 account that gives you the benefits of seamless investment by integrating savings account, demat Account and trading account into one great service. As part of trinity account, a savings bank account is opened with Kotak Mahindra Bank to your own preferred nearest location.
Funds can be moved between accounts directly through the Kotak Securities website, and any unutilized money in your trading account comes back to your savings account. There is no upper limit for transfer of funds from your savings account to your online trading account in a single day.
2 in 1 Account : This is a normal Trading and Demat Account with Kotak Securities and any saving Bank Account can be linked to it. The banks that can be linked are Axis Bank, CitiBank, HDFC Bank, Kotak Mahindra Bank, ICICI Bank, IndusInd Bank, Federal Bank and State Bank of India (SBI).
Kotak Pearl Account: This account is specially designed for women to invest in Indian share market. It allow women investors to enjoy the regular offerings of Kotak Securities such as online trading platform KEAT ProX, mobile trading application Kotak Stock Trader, expert research recommendations.
It comes with features like 50% cash back on brokerage on Cash market trades for a period of 90 days. Account opening fee is Rs 500.For complete brokerage charges and trading plans detail please visit Kotak Securities Brokerage Charges.
|Brokerage Plan||Fixed Brokerage Plan|
|Equity Options||Rs 100|
There are 3 simple ways to open an account with Kotak Sec:
Kotak Securities offers web based, terminal based and mobile app based trading platform on Trinity Account.
Kotaksecurities.com:This is the online Broking Site by Kotak Securities launched in year 2000.
Xtralite:Kotak Securities introduces Xtralite, an extra-light, super-fast trading website specially designed for trading using slow internet connections. Now, you can use your existing internet connections to trade in the equity and derivative markets.
KEAT Pro X:This is a free, simple and high-speed online trading software that gives you control over your stock portfolio and allows you to track the markets live as well as buy and sell securities online in real time. KEAT Pro X deals with online trading on BSE, NSE and NSE currency markets on single platform.
Key Features are:Charting Tools, multiple watch-list, live streaming quotes, stock recommendations, up-to-date market information etc.
The Kotak Stock Trader:This a Mobile Stock Trading app that allows you to trade in equity, derivatives, currency derivatives, track your portfolio, get live streaming market updates and stock quotes, and much more while you are on the go.
Fastlane:This is light and fast Java based trading application. With Fastlane, you can track the markets live, make trades, create watch-lists and more without installing full-fledged trading software on your computer.
Kotak Securities earned a respectful position in share broker services through its fast trading platforms (KEAT Pro X, Xtralite, Fastlane), vast network of 1255 branches, franchisees and offices across India and abroad and dedicated research division. The services are endless but comes at a cost.There are lots of hidden charges and fees associated with the services. Customers usually have complaints about extra charges and fees.
Customer Care is another area where broker can improve and come out as a better broker.In terms of Brokerage, the Broker is quite open but brokerage is not so cheap. There is fixed and variable Brokerage plans available as per the type of trader you are.
If you like what you have read and want to choose Kotak Securities or any other broker, leave your contact information with us and we will guide you.
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