Kotak Securities Limited, a subsidiary of Kotak Mahindra Bank, is the stock broking and distribution arm of the Kotak Mahindra Group. The Group has a business interest in commercial banking, stock broking, mutual funds, life insurance, and investment banking and its customer base includes individual, NRI, and institutional investors.
Incorporated in 1994, Kotak Securities is amongst the top five share brokers in India having a customer base of more than 13 lakhs, 1329 branches and sub Brokers in 360 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 provide a 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 a stock market analysis. The Broker also provides 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 considered to be average only, not beyond expectation.
Kotak Securities Limited is a leading brokerage, distribution and financial services company. Its major business comes from stock brokerage service for investors and traders.
Get Kotak Securities 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Advantage of Kotak FIT Plan
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Here we are comparing Kotak Securities with its 5 close competitors on investment options.
| Broker | Kotak Securities | Sharekhan | 5paisa | Zerodha | SAMCO |
| Equity Trading Type | Yes | Yes | Yes | Yes | Yes |
| Currency Trading | Yes | Yes | Yes | Yes | Yes |
| Commodity Trading | No | Yes | Yes | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes | Yes | Yes |
| MF SIP | Yes | Yes | Yes | Yes | No |
| ETF Investment | Yes | Yes | Yes | Yes | Yes |
| Banking | Yes | No | No | No | No |
| Insurance | Yes | Yes | Yes | No | No |
»» Trading Account Opening Charges: Rs 750
»» Trading Account AMC: Free
»» Demat Account Opening Charges: Free
»» Demat Account AMC: Rs 600 PA
Recently, in November 2020, Kotak Securities has launched a new Kotak Securities Trade Free Brokerage Plan that offers free or zero brokerage intraday trading in all segments. To avail the Trade Free Plan benefits, customers have to pay an annual subscription fee of Rs. 999 per year.
| Type | Charges |
| Intraday (All Segments) | Free or zero brokerage |
| Futures & options, MIS, and Cover Order | Flat Rs. 20 per order |
| Equity and Commodity Delivery | 0.25% |
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.
| Type | Charges |
| Delivery | 0.49% |
| Equity Intraday 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 |
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 .18% for equity trading.
| Segment | Brokerage Charges |
| Equity Delivery | 0.59% to 0.18% for trading amount < 1 lakh to > 2 Crs |
| Equity Intraday | 0.06% to 0.05% both sides for trading amount < 25 lakh to > 25 lakh |
| Equity Futures Intraday | 0.07% for < 2 Crs and 0.05% for > 2 Crs (both sides) |
| Equity Futures Settlement | 0.09% to 0.073% both sides for trading amount < 2 Crs to > 2 Crs |
| Equity Options Intraday | 2.5% to 1.8% both sides for monthly premium < 4 lakh to > 11 lakh |
| Equity Options Settlement | 2.5% to 2.3% both sides for monthly premium < 4 lakh to > 11 lakh |
| Currency Futures | 0.04% or ₹20 per lot, whichever is higher to 0.015% or ₹7.5 per lot, whichever is higher for monthly volume of < 3 Cr to > 30 Cr |
| Currency Options | ₹20 per lot to ₹7.5 per lot (For monthly volume of < 3 Cr to > 30 Cr |
This is a prepaid brokerage plan where client requires to pay subscription fee at the beginning of a specific time period. This subscription 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.
| Particulars | PLAN A | PLAN B | PLAN C | PLAN D |
| Total Cheque Amount | Rs 5000+GST | Rs 10,000+GST | Rs 50,000+GST | Rs 2,00,000+GST |
| Validity | 12 Months | 12 Months | 12 Months | 12 Months |
| Delivery | 0.39% | 0.29% | 0.19% | 0.12% |
| Cash Intra-Day | 0.040% | 0.035% | 0.030% | 0.015% |
| Futures | 0.040% | 0.035% | 0.030% | 0.015% |
| 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 |
Kotak Securities FIT (Free Intraday Trading) is an unlimited Intraday trading plan @999 Rs PA. This is a best fit plan for active traders who are more in Intraday Trading. This plan is available only for online customers, i.e users who place orders by their own using mobile app, web platform or desktop app. It is not available for orders placed via dealer or call n trade facility.
For more detail please refer detail article Kotak Security Free Intraday Trading Plan
The broker charges minimum brokerage as follows with all the plans:
Kotak Securities SMS Alerts at Rs 50 per month per category.
Call and trade facility allows trader to place as many orders as he wants in one call. Depending on the type of account, the charges vary. Trading is allowed in all scrips in the cash, IPO as well as derivative segments.
| Type | Charges |
| Gateway Account/ Advance Brokerage Account | First 20 calls free, ₹20 per call charged after that |
| Value Account | First 20 calls free, ₹15 per call charged after that |
| Privilege Account | Unlimited free calls |
| High Trader Account | First 20 calls free, ₹15 per call charged after that |
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 of 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.
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 Securities offers PMS for disciplined and planned investment based on the research and analysis done by the team of investment consultants.
Kotak Securities’ AutoInvest is equity SIP facility to invest in stocks and MFs at fixed intervals over a stipulated period of time. Investor also gets the choice to buy either a fixed number of stocks or invest a fixed amount.
For complete brokerage charges and trading plans detail please visit Kotak Securities Brokerage Charges.
Here we are comparing Kotak Securities with its 5 close competitors, who are currently market leader in brokerage industry.
| Broker | Kotak Securities | Sharekhan | 5paisa | Zerodha | SAMCO |
| Service Type | Full Service Broker | Full Service Broker | Discount Broker | Discount Broker | Discount Broker |
| Brokerage Range | .049 to .49% | 0.1 to 0.5% | Rs 20 | Rs 20 | Rs 20 |
| Account Type | 3 in 1 | 2 in 1 | 2 in 1 | 3 in 1 | 2 in 1 |
| Equity Delivery | 0.49% or 49 paisa | 0.5% or 50 paisa | Flat Fee Rs 20 | Free | 0.2% or Rs 20 whichever is lower |
| Equity Intraday | 0.049% or 5 paisa | 0.1% or 10 paisa | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
| Equity Futures | 0.049% or 5 paisa | 0.1% or 10 paisa | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
| Equity Options | Rs 300 Per Lot | 2.5% of Premium or Rs 250 per lot whichever is high | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Commodity | NA | 0.1% or 10 paisa | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Currency Futures | .02% or Rs. 10 per lot whichever is higher | 0.1% or 10 paisa | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
| Currency Options | Rs 10 Per Lot | 2.5% of Premium or Rs 30 per lot whichever is high | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Rating |
Please refer unique and accurate Kotak Securities Brokerage Calculator
With Super Multiple, traders can avail up to 50 times exposure on selected scripts for intra-day trades only. Super Multiple is only for day trading and your order will auto square off at 3:10 pm. Super Multiple is an order type, so when you give an order, you need to select Super Multiple Orders with compulsory stop loss. Script exposure is decided on market volatility, liquidity, volume and few other factors and can change every day. Stop loss trigger price for buy order is 1% below LTP and for sell, orders are 1% above LTP.
Super Multiple Orders can place only in NSE Cash (Up to 50 times exposure) and NSE Future (15 times the exposure in Index futures and 12 times the exposure on Futures contract of specific scripts for current month expiry only.)
Cash Segment: 3x to 7x depends on scripts.
Derivatives Segment: 2x to 7x depends on Futures contract.
Under Margin Trading Facility 3x to 7x exposure can be avail.
Margin against shares option is also available, where you can pledge your holding stock on haircut % defined by the broker and get extra fund in your trading account.
In Summary, Super Multiple orders are competitive but they are not included in the Free intraday Trading plan, so in such case, you need to pay regular brokerage to avail extra margin.
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 to its customers for free.
www.kotaksecurities.com is the online broking platform by Kotak Securities launched in the year 2000. The web-based trading platform offers a range of value-added services like AutoInvest, Margin Trading, Super Multiple, BNST, Portfolio Tracker, SMS Alerts, Good Till Cancelled, Capital Gain Report, Twin Advantage and TradeSmart to enhance the trading experience.
Kotak Securities introduces Xtralite, the lighter and faster version of trading website specially designed to trade using slow internet connections. It can even be accessed through mobile phone at the slow internet connection to trade in the equity and derivative markets.
This is an exe-based installable trading application to buy and sell securities online in real-time and track stock portfolio and get live market updates. KEAT Pro X deals with online trading on BSE, NSE and NSE currency markets on a single platform.
Key features are Charting Tools, multiple watch-list, live streaming quotes, stock recommendations, up-to-date market information etc.
This is a light and fast Java-based trading application. Fastlane allows to track the markets live, make trades, create watch-lists and more without installing the full-fledged trading software on a computer.
This is a mobile stock trading app that allows to trade in equity, derivatives, currency derivatives, tracking portfolio, get live streaming market updates and stock quotes, and much more while you are on the go.
TradeSmart store is the value-added services of Kotak Securities that offers different applications to monitor trends for the stocks in your portfolio, derive insights about the market and understand the derivatives market.
For detail review of mobile app and download please visit Kotak Securities Trading Platform Review.
Here we are comparing Kotak Securities with its 5 close competitors on Trading Platform.
| Broker | Kotak Securities | Sharekhan | 5paisa | Zerodha | SAMCO |
| Desktop Windows | Yes | Yes | Yes | Yes | Yes |
| Desktop Mac | No | No | No | No | No |
| Web Trading | Yes | Yes | Yes | Yes | Yes |
| Android Tablet App | Yes | Yes | Yes | Yes | Yes |
| Android Mobile App | Yes | Yes | Yes | Yes | Yes |
| iPhone App (iOS Mobile App) | Yes | Yes | Yes | Yes | No |
| iPad App | Yes | Yes | Yes | Yes | No |
| Mobile Site | No | Yes | Yes | Yes | Yes |
Kotak Securities earned a respectful position in share broker services through its fast trading platforms (KEAT Pro X, Xtralite, Fastlane), a vast network of 1255 branches, franchisees and offices across India and abroad and dedicated research division. The services are endless but come 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 a 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 open an trading and demat account with Kotak Securities, leave your contact information with us and we will guide you.
Last updated on 2020-12-14
Kotak Security NRI brokerage is simple but not very cheap. NRI gets benefits of advance research tools, online trading platforms and other services form Kotak Securities.
| Type | Charges |
| Account Opening Charges | Rs 3750 (One Time) |
| Demat Account AMC | Rs 900 PA |
| PIS AMC | Rs 1000 PA |
| Brokerage | 1% OR 25 Paise per share, whichever is higher. |
| Avearge Quarterly balance | Rs 10,000 |
Minimum Brokerage:Yes, Rs 50 per executed order.
Min cash of Rs 10,000 is required in saving account.
Super Multiple is designed for traders who wish to take advantage of intra-day trading in huge volumes and thus make the most of market conditions. It is an auto square off product where a trader can take a position on particular scrip(s) on a particular day and avail up to 50 times exposure on the available margin. A trader needs to square off the open positions by 3.10 pm on that day itself, after which the system automatically square off the open positions.
Ratings:
Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor