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Kotak Securities Vs Groww: Which one is better?

Both the brokers are registered with SEBI. Kotak Securities offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of Kotak Securities Max Rs. 20 per order per trade while the brokerage of Groww ranges between Rs 20. Kotak Securities is a Full Service Broker where Groww is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for Groww is 51,65,760 where number of active customer for Kotak Securities is 10,56,932. Groww is serving more customer compare to Kotak Securities.

Here we present side-by-side comparison of Kotak Securities vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Kotak Securities vs Groww's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Kotak Securities vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Kotak Securities vs Groww's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Kotak Securities vs Groww on Service

  Kotak Securities Compare
Kotak Securities
Groww Compare
Groww
Overall Rating Rated 4 stars Rated 4 stars
Brokerage Charges Rated 3 stars Rated 4.5 stars
Trading Platform Rated 4 stars Rated 4 stars
Investments Offering Rated 4.5 stars Rated 4 stars
Customer Service Rated 3.5 stars Rated 4 stars
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 10,56,932 51,65,760
Broker Overview Kotak Securities is India’s leading full-service stockbroker with over 12 Lakh active clients. Trinity 3-in-1 account offering, Rs. 20 flat brokerages, free intraday trading, advanced-technology trading software & tools, and the best resear... Know more about Kotak Securities Groww is the top broker for beginners with a crystal clear user interface-enabled safe & secure Groww App & a web-based platform to invest in direct mutual funds for free and trade-in equity & derivatives segment at Rs. 20/order flat brok...Know more about Groww
Broker Enquiry Request call back from Kotak Securities Request call back from Zerodha
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Account Opening Charges and AMC

Compare Kotak Securities vs Groww on Trading & Demat Account Opening Charges

Comparison of Kotak Securities with Groww on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Groww offer Free AMC for Demat account where Kotak Securities charges Rs 600 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Kotak Securities with Groww
Charges Kotak Securities Groww
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 600 PA Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Kotak Securities vs Groww on Plan Options

Plans are the most important feature you look when compare Kotak Securities with Groww. This section compare on high level about type of plans offered by brokers. Multiple Plans - Kotak Securities provide Multiple Plans where Groww doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Kotak Securities with Groww on Plan Options
Plan Types Kotak Securities Groww
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Kotak Securities Zerodha
Account Opening Request
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Brokerage Charges

Compare Kotak Securities vs Groww on Brokerage Charges

Kotak Securities Brokerage Plan detail - Kotak Securities Trade Free Plan offers Free or Zero brokerage intraday trading in all segments whereas delivery trading is charged at a 0.25% or Rs 20 whichever is higher. The plan is available for Rs 499 One Time fee.

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

Brokerage Charges - Compare Kotak Securities with Groww
Brokerage Charges Compare Kotak Securities Groww
Plan Name Kotak Securities Trade Free Plan Flat Brokerage Plan
Equity Delivery 0.25% or Rs 20 whichever is higher 0.05% or Rs 20 whichever is lower
Equity Intraday Free 0.05% or Rs 20 whichever is lower
Equity Futures Delivery: Rs. 20 per order| Intraday: Free Flat Fee Rs 20
Equity Options Delivery: Rs. 20 per order| Intraday: Free Flat Fee Rs 20
Currency Futures Delivery: Rs. 20 per order| Intraday: Free Not Available
Currency Options Delivery: Rs. 20 per order| Intraday: Free Not Available
Commodity Trading Delivery: Rs. 20 per order| Intraday: Free Not Available
Minimum Brokerage Rs 21 per executed order NIL
Hidden Charges No Info Not Available
Funding 12.49% interest PA Info Not Available
Call & Trade Charges 20 calls free and after that Rs 20 per call Rs 50 Per Executable Order
Auto Square off Charges 20 calls free and after that Rs 20 per call Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for Kotak Securities Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare Kotak Securities vs Groww on Transaction Charges

Compare Kotak Securities with Groww on transaction charges and PCM fee by segment.

Transaction Charges - Compare Kotak Securities with Groww
Transaction Charges Compare Kotak Securities Groww
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 210 Per Cr
Equity Options Rs 5000 Per Cr Rs 5500 Per Cr
Currency Futures Rs 110 Per Cr NA
Currency Options Rs 4000 Per Cr NA
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for kotak-securities Complete Brokerage Plans for groww
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Account Features

Compare Kotak Securities vs Groww on Account Features

Compare Kotak Securities with Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Kotak Securities offers 3-in-1 account where Groww offers only 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Kotak Securities offers NRI where Groww doesn't offers NRI Trading.

Account Features - Kotak Securities with Groww
Account Features Compare Kotak Securities Groww
3 in 1 Account Yes, Kotak Securities have 3-in-1 accounts. Bank Account, Demat and Trading account. No Kotak Securities have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:10 PM
NRI Trading Yes No
Other Features Trading software terminal: Keat Pro X NIL
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Trading Platform

Compare Kotak Securities vs Groww on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Kotak Securities and Groww. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Kotak Securities with Groww
Trading Platform Compare Kotak Securities Groww
Desktop Trading Platform KEAT Pro X
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.kotaksecurities.com/itrade/user/welcome.exe?action=chk_seckey_stat Yes
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Kotak Stock Trader Yes
Mobile Trading App Demo Kotak Stock Trader Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Kotak Stock Trader Download Andriod Yes Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Kotak Stock Trader Download iOS Yes Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Yes, DirectTrade - Rs 2999 PA Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Kotak Securities Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for Kotak Securities Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for Kotak Securities Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for kotak-securities Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare Kotak Securities vs Groww on User Rating

  Kotak Securities Groww
  81 Customer Reviews    Rate Kotak Securities 6 Customer Reviews    Rate Groww
Fees Ratings 2.6 4.3
Trading Brokerage Rating 2.7 4.0
Trading Platform Usability 3.2 4.3
Customer Service Ratings 3.1 3.5
Overall Ratings Rated 2.8 stars Rated 4.5 stars
Broker Rating Kotak Securities is Rated 2.8 / 5 based on 81 customer reviews Groww is Rated 4.5 / 5 based on 6 customer reviews
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Investment Offerings

Compare Kotak Securities vs Groww on Investment Offerings

Compare Kotak Securities with Groww on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Kotak Securities offers trading options in Commodity (MCX) where Groww doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Kotak Securities with Groww
Investment Offerings Compare Kotak Securities Groww
Equity Cash and F&O Yes Yes
Currency Deravitives Yes No
Commodity Yes No
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Kotak Securities vs Groww on Order Types

Order Type - Compare Kotak Securities with Groww on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Kotak Securities provide Cover Orders (CO) where Groww doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Kotak Securities provide Bracket Orders (BO) where Groww doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Kotak Securities offers After Market Orders where Groww doesn't offers AMO. GTC Orders- Kotak Securities offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Kotak Securities with Groww
Order Type Compare Kotak Securities Groww
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes No
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare Kotak Securities vs Groww on Customer Service

Compare Kotak Securities with Groww on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Kotak Securities with Groww
Customer Service Compare Kotak Securities Groww
24/7 Customer Service Kotak Securities vs Groww - 24x7 customer support No No
Email Support Kotak Securities vs Groww - Email Support Yes Yes
Onine Live Chat Kotak Securities vs Groww - Onine Live Chat Yes Yes
Phone Support Kotak Securities vs Groww - Phone Support Yes Yes
Toll Free Number Kotak Securities vs Groww - Toll Free Number Yes No
Through Branches Kotak Securities vs Groww - Through Branches Yes No
Customer Care Number Kotak Securities vs Groww - Customer Care Number 1800 209 9191 9108800604
Account Opening Process Kotak Securities vs Groww - Account Opening Process Offline Online
Customer Support Email Kotak Securities vs Groww - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Kotak Securities vs Groww - Knowledge Center/Education https://www.kotaksecurities.com/ksweb/Research/Knowledge-Bank/Investment-Knowlegde-Bank https://groww.in/academy
Head Office Address Kotak Securities vs Groww - Head Office Address/Corporate Address 27 BKC, C 27, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai 400051
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website Kotak Securities vs Groww - Company Website https://www.kotaksecurities.com https://groww.in/
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Tips/Research/Reports Published

Compare Kotak Securities vs Groww on Research Reports, Tips

Compare Kotak Securities with Groww on research reports and tips provided by the broker.

Research Reports - Compare Kotak Securities with Groww
  Kotak Securities Groww
Research Mutual Funds Kotak Securities vs Groww - Research Mutual Funds Yes No
Research Equity Reports Kotak Securities vs Groww - Research Equity Reports Yes No
Research ETF Kotak Securities vs Groww - Research ETF Yes No
Daily Market Report Kotak Securities vs Groww - Daily Market Report Yes No
Free Tips Kotak Securities vs Groww - Free Tips Yes No
Quarterly Result Analysis Kotak Securities vs Groww - Quarterly Results Yes No
News Alerts Kotak Securities vs Groww - Yes No
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Demat Account

Compare Kotak Securities vs Groww on Demat Account

Compare Kotak Securities with Groww on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Groww is Zero where for Kotak Securities is ₹780 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Kotak Securities is 0.04% (Min ₹27) + CDSL charges where for Groww is ₹8 + ₹5.50 CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Kotak Securities with Groww
  Kotak Securities Groww
DP Source CDSL CDSL
DP ID Kotak Securities vs Groww - DP ID 49200 No
Demat Account Annual Maintenance Charges(AMC) ₹780 pa Zero
Advance Deposit NA Nil
Statutory charges Nil Legal Charges
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹27) + CDSL charges ₹8 + ₹5.50 CDSL charges
Demat ₹3 per certificate + ₹50 courier charges ₹150 per certificate + courier charges
Remat ₹10 for every hundred securities (Min ₹15) ₹150 per certificate + courier charges
Pledge Creation 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges Nil ₹50
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Kotak Securities vs Groww on Special Offers and Promotion

Compare Kotak Securities with Groww on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Kotak Securities vs Groww on Special Offers and Promotion
  Kotak Securities Groww
Pay In and Pay Out Options Kotak Securities vs Groww - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from Partnerbanks (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank).
Pay-out/Fund Withdrawal - Bank Transfer only.
pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Kotak Securities vs Groww - Payout Time Upto 24 Hrs except Bank Holidays. Instant fund transfer with Kotak Mahindra Bank. Max 24 hrs except bank holidays
Bank Supported and Charges Kotak Securities vs Groww - Bank Supported and Charges (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail Direct from your Kotak Mahindra bank account. Info Not Available
Likes
  • Trinity 3-in-1 account opening facility.
  • Trade Free Plan charges Rs. 20 flat brokerages on F&O, commodity, and currency trading.
  • 0 brokerage on all trades for customers below 30 years age.
  • Free intraday trading with Trade Free Plan.
  • User-friendly mobile app and next-gen trading terminals (TradeSmart, KeatProX, and Nest).
  • Free access to Kotak Trade API to develop your own trading terminal.
  • Bracket order (BO), Cover order (CO), and after market order (AMO).
  • Place Good Till Cancelled (GTC) order.
  • Apply for IPOs, ETFs, and insurance.
  • Zero brokerage investment in mutual funds.
  • NRI trading facility is available.
  • Access to fundamental and technical calls and research reports.
  • Buy Now Sell Tomorrow (BNST) order feature.
  • Kotak University, a stock market, options trading, and mutual funds learning platform.
  • Margin trading facility.
  • Dealer-assisted trading.

Detail Review...

Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;

  • Pay Rs. 20 flat brokerage charges.
  • Zero account opening fees on Groww Trading & Demat Account.
  • Zero Demat account maintenance charges.
  • Free direct mutual fund investment at nil brokerage and get an extra upto 1.5% return.
  • Easy-to-use, safe, and reliable Groww App and Web platform.
  • Apply for IPO online via UPI.
  • Invest in digital gold, US stocks, US ETFs, and FDs.
  • Get the latest trending news and updates on the Groww Digest.
  • Groww Academy is a 100% free learning platform for beginners.
  • Zero fixed charges.
  • Zero hidden charges.

Detail Review...

Dislikes
  • Its dedicated dealer-assisted plan charges a very high brokerage fee.
  • Account opening is not free (Rs. 499) in dealer-assisted plan.
  • Dealer-assisted plan charges a minimum brokerage fee of 21 per order subject to maximum 2.5% brokerage.
  • Kotak Zero brokerage plan is only for people below 30 years and valid only for 2 years.
  • High Demat AMC charges of Rs. 600 per year, Rs. 50 is charged monthly.

Detail Review...

Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;

  • Groww does not offer commodity and currency trading.
  • Groww does not provide research, trading tips, and recommendations.
  • NRIs cannot open Groww account.
  • Advanced orders like Bracket order, Cover order, GTT, and AMO order is unavailable.
  • Delivery trading is not free.
  • No call & trade facility.
  • No margin trading.

Detail Review...

Special Offers/Promo
Enquiry Open Kotak Securities Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-01-12T21:46:37+00:00