Kotak Securities brokerage review, Charges, Margin, Payout, Stock Trading, Demat

Kotak Securities brokerage review, Charges, Margin, Payout, Stock Trading, Demat:- 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.

What are the businesses of Kotak Securities?

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 have 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 with Central Depository Services Limited (CDSL) and National Securities Depository Limited (NSDL). Kotak Securities was ranked #1 in 2014 India’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.

Kotak Securities Services

Kotak securities offer a 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 counselling on mutual funds, equities, futures, options and financial planning.

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 customers with any related matters.

Kotak Securities Demat/Trading 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.

Kotak Securities Trading Platforms

For the benefits and ease of the investors, Kotak Securities uses various platforms to provide best and fast services.

Online Trading

Kotak Securities

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

smallcase on kotakk securityKotak 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

Kotak SecuritiesMobile 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 centres.

Account Types provided by Kotak Securities

Kotak Securities offers various types of accounts matching the requirements of the customers.

AutoInvest

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

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 independent expertise and assistance by developing a professional relationship 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.

Kotak Freedom

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.

NRI Account

It is an online trading/investment account for NRI investors.

Trinity Account

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.

 

Kotak Securities Brokerage Charges

  • Trading Account Opening Charges (One Time): ₹750
  • Trading Annual maintenance charges (AMC): ₹0
  • Demat Account Opening Charges (One Time): ₹0
  • Demat Account Annual Maintenance Charges (AMC): ₹600 per annum

1. Fixed Brokerage Plan

Kotak Securities Fixed Brokerage plan for the first time traders or investors who are new in stock market.

Trading Segment Brokerage Charges
Equity Cash Delivery 0.49%
Equity Cash Intraday 0.049%
Equity Futures (Both Sides) 0.049%
Equity Options ₹300 Per Lot
Minimum Brokerage 4 paise for delivery and 3 paise for Intraday and Futures orders

2. Dynamic Brokerage Plan

Kotak Securities Dynamic Brokerage Plan is only for those clients who are professional traders.

Trading Segment Brokerage Charges
Equity Cash Delivery 0.59% to 0.30% (For trading amount of ‘< 1 lakh’ to ‘> 50 lakhs’)
Equity Cash Intraday 0.06% to 0.05% both sides (For trading amount of ‘< 25 lakhs’ to ‘> 25 lakhs’)
Equity Futures Intraday 0.07% to 0.05% both sides (For trading amount of ‘< 2 crores’ to ‘> 2 crores’)
Equity Futures Settlement 0.09% to 0.073% both sides (For trading amount of ‘< 2 crores’ to ‘> 2 crores’)
Equity Options Intraday 2.5% to 1.8% both sides (For premium of ‘< 4 lakhs’ to ‘> 11 lakhs’)
Equity Options Settlement 2.5% to 2.3% both sides (For premium of ‘< 4 lakhs’ to ‘> 11 lakhs’)
Options Minimum (Settlement) ₹300 to ₹180 both sides (For premium of ‘< 4 lakhs’ to ‘> 11 lakhs’)
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. Free Intraday Trading (FIT) (₹999 Plan or Unlimited Trading Plan)

 

Kotak Securities Minimum Brokerage:

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

Kotak Securities Demat Account Charges:

Sr Account Head Rate Minimum Payable
1 Dematerialisation ₹50 per request and ₹3 per certificate
2 Rematerialisation ₹10 for 100 shares ₹15
3 Debit Transactions – On Market and Off Market 0.04% of the value of securities (Plus NSDL charges as applicable) ₹27 (Plus NSDL charges as applicable)
4 Account Maintenance Charges

  • Resident Indian
  • NRI
  • ₹50 per month
  • ₹75 per month
5 Pledge Charges 0.05% of the value of securities ₹30
6 Invocation of Pledge 0.04% of the value of securities ₹30
7 Charge for Client Master change intimation ₹25

Kotak Securities 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)