Last Updated - 2018-12-04
Rated 4/5 based on 8 customer reviews
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.
Here we are comparing Kotak Securities with its 5 close competitors, who are currently market leader in brokerage industry.
| Broker | Kotak Securities | Zerodha | ICICIDirect | Sharekhan | ProStocks |
| 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 |
| Monthly Plans | No | No | No | No | Yes |
| Rating |
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 |
Minimum Brokerage Charges:4 paise for delivery and 3 paise for intraday orders or Rs 21 per executable order - whichever is higher.Equity Futures: 0.03 P (per share) subject to ceiling of 2.5% of contract value.
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% |
| 1-5 lakh | 0.55% |
| 5-10 lakh | 0.45% |
| 10-20 lakh | 0.36% |
| 20-60 lakh | 0.27% |
| 60 lakh - 2 Cr | 0.23% |
| Above 2 Cr | 0.18% |
Cash Intraday - Brokerage Details
| Slabs | Brokerage Applicable(Both Side) |
| Less then 25 lakh | 0.06% |
| Above 25 lakh | 0.05% |
Futures Intraday- Brokerage Details
| Slabs | Brokerage Applicable(Both Side) |
| Less then 25 lakh | 0.06% |
| 25 lakh - 2 Cr | 0.05% |
| 2 Cr - 5 Cr | 0.04% |
| Above 5 crore | 0.03% |
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.
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+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 |
Minimum Brokerage Charges:4 paise for delivery and 3 paise for intraday orders or Rs 21 per executable order - whichever is higher.Equity Futures: 0.03 P (per share) subject to ceiling of 2.5% of contract value.
Kotak Security FIT (Free Intraday Trading) is 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 customer, i.e user who place orders by their own using mobile app, web platform or desktop app. Not available for orders place via dealer or call n trade facility.
For more detail please refer detail article Kotak Security Free Intraday Trading Plan
Special offer for Options Trader, flat Brokerage of rs 21 per executable order in equity options trading. Call & Trade facility is free for first 20 calls. From the 21st call, Rs 20 per call is charged. Best suited for Option Trading as brokerage is really low.
| Type | Charges |
| Delivery | 0.49% |
| Equity Intraday Square off (Both Sides) | 0.049% |
| Futures (Both Sides) | 0.049% |
| Options | Rs 21 Per Lot |
| Futures | 0.020% or Rs. 10 per lot whichever is higher |
| Currency Futures (Both Sides) | Rs. 10 per lot |
Minimum Brokerage Charges:4 paise for delivery and 3 paise for intraday orders or Rs 21 per executable order - whichever is higher.Equity Futures: 0.03 P (per share) subject to ceiling of 2.5% of contract value.
Valid for online trades only.
Min cash of Rs 1 lakh is required.
Kotak Security NRI Brokerage plans are really atractive. NRI can get benefit of advance research tools, online trading platform and other advance service 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.
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.
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).
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.
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| Brokerage Plan | Fixed Brokerage Plan (Percentage Based) |
| Flat Fee | NA |
| Equity Delivery | 0.49% or 49 paisa |
| Equity Intraday | 0.049% or 5 paisa |
| Equity Futures | 0.049% or 5 paisa |
| Equity Options | Rs 300 Per Lot |
| Currency Futures | .02% or Rs. 10 per lot whichever is higher |
| Currency Options | Rs 10 Per Lot |
| Commodity | NA |
For complete brokerage charges and trading plans detail please visit Kotak Securities Brokerage Charges.
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 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.
For detail review of mobile app and download please visit Kotak Securities Trading Platform Review.
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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 open an trading and demat account with Kotak Securities, leave your contact information with us and we will guide you.
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