Kotak Securities FIT Plan (Free Intraday Trading @ Rs 999 annually)

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Kotak Securities announced a new intraday trading plan called Free Intraday Trading or FIT Plan. It is a subscription based plan and is applicable for equity intraday and equity derivatives intraday. The client has to pay the subscription fee of Rs 999 for a year to opt this plan.

Advantages of Kotak Securities FIT plan

  • Compared to discount brokers who are providing unlimited monthly or yearly plans, this Free Intraday Trading plan is cheaper. This plan is cheaper than Prostocks Rs 899 monthly equity plan and SAS Online Rs 999 monthly equity plan. But it is limited to Intraday trading only.
  • Get access to research reports – equity and derivatives. This is really a big advantage compared to discount brokers, where discount brokers are not providing any research reports, if providing also they are charging, for example, 5paisa is providing research reports as paid service.
  • Trading can be done online via Kotak Securities Mobile App “Kotak Securities Trader”, Desktop Trading Terminal “Keat Pro X” or browser-based Terminal “Trade Smart terminal” and Trading website. Trade Smart is a paid service from Kotak Securities.
  • No capping of Intraday orders for the year.

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Conclusion

Kotak Securities free Intraday Trading plan is the best fit for traders who wish to do online trading but it’s limited for Intraday trading only. For delivery trading or position which is converted to delivery will be charged regular brokerage. Clients get access to research reports. Broker needs to propose similar plans for other segments too.

Last updated on 25th Nov 2019

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FAQs

  1. How can I get access to the Kotak Security FIT Plan?

    • For new customers, you can avail FIT plan on account opening.
    • For existing customers, need to connect with customer care team to get access.

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  2. What are the limitation of the Kotak Security FIT Plan?

    • The FIT plan is available only for online users. Trade places with the help of a dealer is not covered under this plan.
    • The FIT plan is available only for resident Indians.
    • The FIT plan is available only for equity cash and equity derivatives. Not available for currencies and commodity Intraday trading. The Super multiple orders (Cash, F&O), derivatives plus and option plus orders are also not included in a FIT plan.
    • In case clients wish to carry forward their position, the trade gets converted to delivery trade and brokerage will be charged as per plan.
    • No additional margin funding, base margins need to be provided as per agreement.

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1. Manish K  6/6/2017 8:18:56 AM Reply
I have applied 80 shares and all got selected in BuyBack...Got confirmation today.






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