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Kotak Free Trade Account
Open an Instant and Online account with Kotak Securities in 15 mins.Invest in mutual funds with Kotak Securities. Yes, the full-service broker offers access to different categories of mutual funds including equity, debt, hybrid, and ELSS of different AMCs. Kotak also has its own asset management company as Kotak mutual fund house. You can start an SIP or invest one-time lumpsum money in your favorite mutual fund scheme.
Let’s check out the process on how to start SIP in mutual funds with Kotak Securities, brokerage or commission charges, mutual fund investment platform, cut-off time, redemption process, and more.
There are no additional charges to open a mutual fund account in Kotak Securities. As you only need a demat account with the broker to purchase mutual funds.
| Particulars | Account Opening charges |
| Mutual Fund Account opening charges | Free |
| Kotak Securities Mutual Fund Demat AMC | Rs 600 per annum |
Note: Kotak Securities charges demat maintenance fee of Rs 50 + GST every month.
Cut-off time in mutual funds decides the NAV (net asset value) applicable to new purchase investment transactions or redemption orders. When you place a mutual fund buy order or any redemption requests within the cut-off time, your orders will be processed at same day's NAV. However, for transactions received by the asset management companies (AMCs) after the cut-off time, the next day's NAV will be applicable.
Mutual funds cut-off time for liquid and overnight funds and other schemes are as follows;
| Type of transaction | Liquid and overnight funds | Other types of mutual funds |
| Investment or subscription | 1:30 PM | 3:00 PM |
| Redemptions | 3:00 PM | 3:00 PM |
Important note: When you invest in mutual funds, just submitting an order does not guarantee the NAV applicability. As it depends on when the fund house receives your payment thus, AMCs must receive your payment before the cut-off time so that units will be allotted at same day's NAV.
If you have placed a purchase order but the fund house did not receive payment, you will get an allotment of units at the NAV of the next day.
Zero charges!
Yes, there are no mutual fund charges or brokerage fees in Kotak securities. The broker has tie-ups with different fund houses including Tata, HDFC, SBI, Kotak, LIC, UTI, Nippon, ABSL, and more. You can buy any mutual fund scheme online for free.
Investment in mutual funds can be done through the Kotak NEO mobile app, the Neo website, or the old Kotak Stock Trader App.
Kotak Securities offers both the direct and regular mutual funds of all fund houses.
The key difference in both these plans is the quantum of expense ratio. Direct plans have less expense ratio whereas regular plans have 1-1.5% higher expense ratio. Therefore, investment in direct plans offers you 1.5% greater returns.
You can invest in both direct or regular plans as per your choice.
SIP (Systematic Investment Plan) is the best route to invest in mutual funds as SIP can be done with just Rs 500 per month. With a small amount invested every month, you can accumulate wealth in the long run.
Let’s understand the process to start mutual fund SIP in Kotak Neo App;
Note: Register your bank mandate to automate your SIP investment every month. Once you make 1st SIP payment, you will receive BSE star link, login to the platform >>> enter your bank account credentials and OTP, click on confirm and a mandate will be registered. Registering an E-nach mandate avoids missing monthly SIP investment.
You can also set up a smart SIP in Kotak Mutual funds. Unlike regular SIP, wherein a fixed amount is invested periodically, in a smart SIP, SIP investments are made based on market conditions.
Kotak mutual fund house offers smart SIP as well as smart STP investment feature.
You can pledge shares and mutual fund holdings in Kotak Securities to get a trading margin. Here’s how to pledge mutual funds in the Kotak Neo app;
Customers can purchase and sell mutual funds online using its new-age Neo trading platform. However, users who have not yet switched to the Neo platform can invest in mutual funds using the old Kotak Stock Trader app.
1. Kotak Neo (App and Web): Kotak Neo is a new-age trading and investment platform by Kotak Securities in web and app versions. The platform provides users access to a diverse range of mutual funds. The user-friendly interface of the app makes it easy for beginners to invest in their choice of mutual funds with no hassle.
The Neo app facilitates paperless mutual fund investment at your fingertips and you can track your investment portfolio anytime.
2. Kotak Stock Trader App (Old App and Web): Existing customers who are still using the Kotak Stock Trader App also have access to mutual funds. The app allows them to invest in mutual funds via SIP or lumpsum route and sell mutual fund holdings anytime.
If you have any queries on mutual fund investment in Kotak Securities, you can write an email call to the customer helpline desk.
| Mutual fund customer care helpline | 1800 209 9191 |
| Mutual fund customer support email | [email protected] |
Note:You can also chat with the customer care team on WhatsApp on 7738988888.
Kotak Securities don't charge anything to you for investing in Direct Mutual Plan. And for Regular Mutual Fund you need to pay 1% to 1.5% commission on the total investment.
Follow these steps to redeem the SIP in Kotak Securities :
Now you will get the receipt of the transaction request. And shortly the amount will be credited to your bank account.
Get the Mutual Funds Statements by following the procedure:-
https://www.kotaksecurities.com/
Smart SIP is different than Normal SIP, In this Smart SIP you don't invest a fixed amount at regular intervals. It entirely depended upon the market's trends. As the market goes up the investment will be reduced and when the market crashes your investment will be raised. Kotak Securities provides its agent to serve the customer in Smart SIP products because they have good trading knowledge and market experience, It is a little bit difficult for the user to recognize the market fashion.
You can edit, stop or cancel your mutual fund SIP investment anytime online. Here is the process on how to stop mutual fund SIP in the Kotak Neo app;
Note: To increase or decrease your SIP investment, tap on modify the SIP option. Enter the new SIP amount and new SIP date. Submit the order and your SIP will be modified.
You can track your mutual fund portfolio or holdings on the Kotak Neo app or Kotak Stock Trader app. Here are the steps;
Last Updated on 2024-02-17
