Kotak Securities are a stockbroking establishment that provides financial services and facilitates the buying and selling of assets. It was founded in 1994 as an extension of the parent private sector bank, Kotak Mahindra Bank and has its headquarters in Mumbai. The main business model is to provide stock brokerage for traders and investors. Kotak securities provide services ranging from commercial banking, life insurance, mutual funds and investment banking. The client base includes domestic private investors and Non-Resident Indians alike. Kotak securities has a customer reach of one million, with 1128 domestic branches in India and international branches strewn in world capital cities like London, Dubai, Abu Dhabi, Singapore and New York. Kotak Securities is a corporate member of two prominent stock exchanges, which are Bombay Stock Exchange and National Stock Exchange of India.The company also conducts depositary participation withCentral Depository Services Limited (CDSL) and National Securities Depository Limited (NSDL). Kotak Securities was ranked #1 in 2014India’s Institutional Investor rankings. Kotak Securities has gained its reputation among professional traders, for serving vast online trading service. The company specializes in analyzing macroeconomic sectors, indicators and company specified equity research. And it also publishes the results regularly, which includes economic reports, in-depth daily alerts and customizable Research Reports to the clients.
Unique Services provided by Kotak Securities:
Kotak securities offers wide range of investment products and services, including derivatives and share trading, mutual funds, Exchange Traded Funds, IPO, portfolio management,Currency Derivatives, Tax-Free bonds, Stock Lending/ Borrowing, Interest Rate Futures/ Depository Services. One of the valuable and unique features of Kotak Securities is that it provides a single platform for investments in equities, mutual funds and currency derivatives. Kotak also offers the service entitled ‘margin against securities’ by using shares in your demat account. Available margin can be used for any of the three mentioned portions. ‘Super Multiple’, is another service which Kotak Securities provides. This service allows you up to 18x exposure on NV20 Script and 14x exposure against your margin, on additional specified scripts.
Apart from these significant services, Kotak Securities also offers Good till cancel order (GTC) and After Market Orders (AMO), Buy Now Sell Tomorrow options.
Another important aspect of Kotak Securities is the Kotak Securities Academy. This gives free counseling on mutual funds, equities, futures, options and financial planning.
The client-company communication is notably great. Daily customer support is provided through the toll-free number and email. Trained professionals are always prepared to help the customers in any related matters.
Simple methods of opening and handling Kotak Securities account
Kotak Securities follows a remarkably simple, easy and quick method of creating a new account.
The procedure of opening the new account includes visiting the official Kotak Securities website and filling up the online Contact Us form. Customers should insert details like Name, phone number, email, and address. Once the form is submitted, Kotak Securities representative will contact them.
For other account related issues, such as name change form or account change form. One can easily download them from Kotak Securities website, fill them up and submit it to a registered office of the company.
Trading Platforms used by Kotak Securities
For the benefits and ease of the investors, Kotak Securities uses various platforms to provide best and fast services.
Online Trading – The most advantageous and easy platform is a stock trading website presented by Kotak Securities, which can be used from anywhere and anytime using any mainstream Internet Browser. Furthermore, for the convenience of the investors with slow internet speed; Kotak Securities offers a light and basic trading website named ‘Xtralite’.
KEATProX and FASTLANE Trading Terminals –
Kotak Securities provides two popular trading terminal applications. First is KEATProX, which is an installable PC software, to give a fast trading experience. Second is FASTLANE, which is a JAVA based software and doesn’t require installation to PC
Mobile Stock Trading – Mobile phone-based stock trading is the most prominent platform which provides the investors to stay up-to-date with the market anytime and anywhere. By using the simple app, investors can conduct trade, and observe portfolio, interday charts, and streaming quotes.
Call & Trade – Kotak also provides call and trade services to everyone who does not have access to smartphones or computer, through 1400+ branches and call centers.
A short summary of Account Types provided by Kotak Securities
Kotak Securities offers various types of accounts matching with the requirements of the customers.
It is an Online Trading Account which provides investment planning in Equities, Gold ETFs (Exchange Traded Funds), and Mutual Funds. Gold ETFs is a simple mutual fund plan to invest in Gold.
Minimum requirement of Rs 5000 needed for AutoInvest account.
Kotak Gateway account is a great option and opportunity for newbies. It allows investors to trade anywhere, anytime using web or phone. The investor can also use this account in order to trade Currency Derivative
Kotak Privilege Circle
It is a premium investment account. Apart from the Kotak Gateway accounts, it also offers an independent expertise and assistance by developing a professional relation through a dedicated manager and high customer service. Which provides assistance in opening accounts and troubleshooting. KEAT premium also comes with this account, which is an advanced software for real-time market monitoring.
This account is for simple Mutual Fund Investments.
Kotak Super Saver
This is basically a low margin account for Flat Brokerage.
PMS (Portfolio Management Service
PMS provides experts to assist the investors in their trading and investments.
It is an online trading/investment account for NRI investors.
It is a unique account which provides investors to enjoy the advantages of a Bank Account, Online Trading Account, Demat Account on a single platform. Thus simplifying fund transfer and online trading as far as it is concerned.
Awards and achievements
- Kotak securities have won the title of Best Broker in India by Finance Asia for two consecutive years.
- The company also bagged the Broker of the Year in India in The Asian Banker Financial Markets Awards (2014).
- Awarded My FM- Stars of the Industry Award.
- Awarded Top Performer in New Accounts Opening by NSDL.
- Won the award for Best Research ResearchBytes IC Awards 2014.
- Awarded for Smart Order Routing at FINNOVITI (2015)