Best Kotak Mahindra Brokerage Rates in India
Learning the art of investing might seem to be quite intimidating. But it is actually not that scary. When you follow some very simple rules, you may easily be able to reduce the chances of committing any mistakes and achieve the best of results. As you start investing, below are a few tips to follow for making trading for amateurs very easy.
1. Find a good stock broker at right price
This is one of the most important decisions which you need to make as an investor. You need to look for a good brokerage company. Your choice of the stock broker has major implications on how much you will have to pay as fee, the type of investments that you would get access to, and the eventual returns that you would experience. A couple of brokers make the whole process of investment for beginners very easy and simple to understand. On the contrary, a lot of full service brokers wish to take the advantage of the beginners making the process of investment more opaque and expensive.
The better solution is to choose a discount stock broker who would not charge you a big commission fee. Even the stock brokers who charge a relatively low fee have a wide range of resources which are designed for making investment for the beginners very easy. Particularly, you should try and look for the stock brokers who have the arrangement for offering mutual funds at no fee, since these investments could be best for getting started.
2. Consider beginning with the exchange traded funds
Most of the investors who are just beginning to invest believe that for making real money in stock market, they need to choose individual stocks. But it is actually not true. A lot of investors have made their fortune with the help of mutual funds and exchange trade funds. Specifically, ETFs and Mutual Funds offer an auto diversification when the investor has a small amount of money for investing. The ETFs and mutual funds exactly tell you which shares you should buy, in what proportions, thereby offering you a predictable exposure to stocks of your preference.
The target date mutual funds also go further down the path of simplicity, adjusting the risk level automatically as you reach closer to the end goal such as retirement. By acquainting yourself with the ways the market works and how the long term returns are generated, the mutual funds and the ETFs make a wonderful entry point for beginners.
3. Start with safe stocks
Although avoiding the individual stocks might be a very smart move for beginners, there is also an alternative way to invest for the beginners. In case you focus on the stocks which are less volatile than overall market then you may get a specialised exposure to the stocks which have well promising long term prospects rather than just accepting returns of the broader index.
For instance, the consumer staple stocks are usually perceived to be safe than overall market because although during tough economic conditions, people still require products such as clothing, food and medical products. Flip side of this is that usually you would not see any gains which are so big during the bull market.
4. Do not pay excessive fee
Paying excessive fee for investing hurts the results. In place of selecting the funds with up front sale loads as well as hefty annual expense, you should aim your funding investments towards no load funds with a lower fee. Over time, the savings might add up and reach hundreds, thousands of rupees.
5. Don’t go for hotter stocks, even if the stock broking company seems to be promising
A good company is not always good for investment. Hot companies most often get their stocks bid in the stratosphere, at the point at which they have lost much of the ability for producing bigger returns. Sometimes you need to concede that you have missed on the potential gains that a particular stock might produce and search for opportunities which have not been discovered yet.
Kotak Securities was introduced in the year 1994 as subsidiary of the Kotak Mahindra Bank and it’s considered to be the best broker of the country.
Kotak Securities is also a corporate member of the BSE and NSE. It is also the depository participant with the National Securities Depository Limited as well as Central Depository Services Limited.
Brokerage options offered by Kotak Securities
A broker charges a brokerage fee for executing transactions. It’s the amount which the brokerage house charges for carrying out the transactions in the stock market. It is important to understand that you lose your invested money because of a bad investment decision and not because of the brokerage that you pay.
Trading in stocks does not necessarily have to be complex. It becomes quite stress free and simple when you get the right information and investment tools along with clear picture of the brokerage that you need to pay. Kotak offers complete transparency in terms of brokerage fee and multiple plans to choose from. For them customer is their first priority and that is why they charge very competitive Kotak Mahindra brokerage rates India.
Below are the Kotak Mahindra brokerage rates:
Dynamic brokerage– The dynamic brokerage plan offers an online stock trading account which helps in opening the gateway to the investors for investing their money. It’s the most suitable plan for beginners.
Advance brokerage– an investor who consistently invests in the market conducts a number of transactions, probably daily. This plan helps the investors in enjoying the benefits of consistent trading and getting your brokerage fee back.
NRI brokerage plan– this plan has been devised for NRIs. With this plan they may enjoy competitive exchange rate by investing their money in India and also enjoy the benefits of a competitive brokerage rate.
Kotak Mahindra brokerage rates India
They charge a brokerage fee which is extremely low i.e. 0.49% on the delivery and 0.05% for the intra day trading.