Kotak Securities Review 2020

Rated 4/5 by Top Share Brokers Team
Kotak Securities Ltd Review

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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 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.

Review Summary

Kotak Securities Limited is a leading brokerage, distribution and financial services company. Its major business comes from stock brokerage service for investors and traders.


Benefits

  • 5th largest broker In India with the most extensive retail distribution network in India.
  • Comprehensive research platform covers 166 stocks in 16 sectors.
  • 3 in 1 account that integrates Savings Account, Demat Account and Trading Account into one service.
  • Most competitive NRI brokerage plan.
  • Kotak Security Free Intraday Trading Plan.
  • Margin Funding Facility available.
  • After Market Orders and Portfolio Management Service (PMS) available.
  • Ranked as number 1 in India's Institutional Investor rankings by the weighted average in 2014.

Considerations

  • Doesn't support commodity trading.
  • Hidden charges.
  • Minimum Brokerage charges.

Special Offer

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

Simply leave your contact information with us and Kotak Securities representatives will contact

Request call back from Kotak Securities

Kotak Securities Investment Options Compare

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 No
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

Kotak Securities Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

Kotak Securities Account Opening Charges

      »»  Trading Account Opening Charges: Rs 750
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 600 PA

Kotak Securities Brokerage

Kotak Securities offer following brokerage plans to choose from:
  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.

    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
  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 .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
  3. Advanced Brokerage Plan

    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
  4. Kotak Security Free Intraday Trading Plan

    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

Kotak Securities Minimum Brokerage

The broker charges minimum brokerage as follows with all the plans:

  • Equity Delivery: 4 paise per share or ₹21 per executed order whichever is higher
  • Equity Intraday : 4 paise per share or ₹21 per executed order whichever is higher
  • Equity Futures : 4 paise per share subject to ceiling of 2.5% of contract value

Other Charges

Kotak Securities SMS Alerts at Rs 50 per month per category.

Kotak Securities Call and Trade

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

Benefits

  • Different Plans for different types of traders.
  • Bargain on brokerage charges is possible.
  • Access to free news and market updates, research reports and advice with brokerage plans.

Considerations

  • Minimum brokerage charges applicable with all the plans.
  • Brokerage is high compared to discount brokers.

Kotak Securities Account Types

  1. 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 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.

  2. 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).

  3. Portfolio Management Service PMS

    Kotak Securities offers PMS for disciplined and planned investment based on the research and analysis done by the team of investment consultants.

  4. Auto Invest

    Kotak Securitiesí 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.

Kotak Securities with closest competitors

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 2 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 0.01% 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 0.01% 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 0.01% 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


Kotak Securities Ltd Margin Details

Super Multiple by Kotak Securities

    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.)

Kotak Securities MIS Order Margin

    Cash Segment: 3x to 7x depends on scripts.

    Derivatives Segment: 2x to 7x depends on Futures contract.

Kotak Securities Margin Trading

    Under Margin Trading Facility 3x to 7x exposure can be avail.

Kotak Securities Margin Against Shares

    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.


Open Trading and Demat Account with Kotak Securities Ltd

There are 3 simple ways to open an account with Kotak Sec:

  • Call at one of the below number and ask to open an account with them.
    Toll Free No.: 1800-222-299, 1800-209-9191
  • Visit one of their nearest branches.
  • Fill online account application form on Kotak Securities website.

Contact Kotak Securities

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Kotak Securities Trading Platform and Tools

Trading Platforms Rated 4/5

    Kotak Securities offers web-based, terminal-based and mobile app-based trading platform to its customers for free.

    • Kotak Securities Website

      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.

    • Xtralite

      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.

    • KEAT Pro X (terminal-based software)

      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.

    • Fastlane

      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.

    • Kotak Stock Trader KST (mobile app)

      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

      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.

    Benefits

    • Kotak Securities has invested well in technology. Trading platforms are available across all modes. Desktop applications and websites run on Windows, Mac and Linux machines and the mobile application run on Android, iOS, Bada, Symbian and Java OS.
    • Tools and platforms are available for free to all the customers.
    • Trading demo is available.
    • Tools available to monitor trends, derive insights about the market and understand derivatives market.

    Considerations

    • Tools like Algo trading, brokerage calculator, margin calculator, options strategy platforms are missing.
    • Mobile app needs updation and improvement in many areas.

    For detail review of mobile app and download please visit Kotak Securities Trading Platform Review.

Kotak Securities Trading Platform Compare

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

Final thought about Kotak Securities

Rated 4/5 by 79 users

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 2019-12-13


Kotak Securities FAQs

  1. 1 .How much is the brokerage and account opening fee for NRIs at Kotak Securities?

    Kotak Securities NRI Brokerage

    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.

    Discuss this question

  2. 2 .What is Super Multiple by Kotak Securities?

    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.

    Discuss this question

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Kotak Securities Ltd User Reviews

avatar
23. satyavrat 11/27/2019 6:14:29 PM Reply
very poor service, false commitment
avatar
22. satyavrat 11/27/2019 6:43:23 AM Reply
very bad service they commit free trading account but now they charges a good amount as maintenance charges.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
21. RAMAJAYAM IYER 4/6/2019 11:34:55 PM Reply
Hello,

We are OCI card holders who do not have any Indian address proof.
We have some shares in paper certificate.
We want to convert to DeMat and sell the shares.
Can you please help in this regard?

Thanks
Ram
avatar
20. Ragini Kumari 1/17/2019 7:04:26 PM Reply
They promised life time maintenance free but cheated. They have the most confusing ledger so as to befool customers and very high brokerage rate. Their employees are dissatisfied and hence quit immediately. You will hardly find the same staff on your second or third interaction.
Never recommended.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
19. Ragini Kumari 1/17/2019 7:01:31 PM Reply
Worst experience. They promise life time maintenance free but charge exhorbitantly and cheat. They have the most confusing ledger so as to befool customers and very high brokerage rate. Their employees are dissatisfied and hence quit immediately. You will hardly find the same staff on your second or third interaction.
Never recommended.
avatar
18. Prakashchandra M. Rao 12/27/2018 7:25:37 PM Reply
Do you have an office at No.22, 6th floor, M.G. Road, Next to trinity, Metro Station, Bengaluru, 560001.
What is their phone number.
Reply to Email
avatar
17. Rajeev kumar Singh 11/16/2018 12:22:55 PM Reply
I want to open a dmat&trading acc.
avatar
17.1. Marepally shiva 12/16/2018 7:24:02 PM
You can open by online by giving your contact details or else visit to the branches in secunderabad or Banjara hills or Abids or kukatpally ....and you can open your Demat account at your Doorstep by Contacting the below number 905xxxxxxx or 891xxxxxxx
avatar
16. sanjay bhawnani 10/17/2018 7:39:45 PM Reply
I have already an account 3 in 1 of kotak securities,now want to convert it into free intraday plan and 999 per year
7987****16
abhishe*******[email protected]
my humble request to u,kindly provide me details at the earliest of your conveniance
avatar
15. Anshuman Pathak 10/1/2018 10:33:12 PM Reply
Hi,
I am a beginner in this field, just wanted to know do you allow to purchase share 10 times of my deposited amount,(just like Angel broking?)
avatar
15.1. CA Sachin jain 10/2/2018 9:52:10 AM
Its depend on your order type, If you are placing CO or BO orders, Kotak allow you to get 50x times, in MIS orders you will get max 7x margin or leverage.
avatar
14. BPTP Park Elite Floors 9/27/2018 3:27:32 PM Reply
charges for demating physicsl share

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