Established in 1994, Kotak Securities Ltd is a renowned full-service stock broker in India, offering a comprehensive 3-in-1 account (Bank + Trading + Demat Account) to retail investors. As a subsidiary of Kotak Mahindra Bank, one of India’s leading private banks, Kotak Securities provides a wide range of investment options including equities, derivatives (equities, commodities, currency), and mutual funds. With a strong physical presence through 150+ branches and 1300+ franchisees across 360+cities, Kotak Securities is committed to providing quality services to its clients.
Unique Selling Points (USP) of Kotak Securities
USP
Description
25+ Years of Experience
With over two decades of experience, Kotak Securities has established itself as a trusted name in the industry.
Part of Kotak Mahindra Bank
Being a subsidiary of Kotak Mahindra Bank adds to its credibility and reliability.
3-in-1 Account
Offering a 3-in-1 account (Bank + Trading + Demat Account) provides customers with a seamless trading experience.
Wide Physical Presence
With branches in 393 cities, Kotak Securities ensures accessibility and convenience for its customers.
Free Research Services
Kotak Securities offers free technical, fundamental, derivatives, macro-economic, and mutual fund research.
Customized Brokerage Plans
Kotak Securities provides different brokerage plans to suit the varied needs of its customers.
Special Offer: Kotak Securities Trade Free Plan
Under the Trade Free Plan, customers opening a 3-in-1 account with Kotak Securities can avail of brokerage-free intraday trades (Equity and F&O) and flat Rs. 20 per trade brokerage in F&O.
Account Types Offered by Kotak Securities
Account Type
Description
Trinity Account (3-in-1 account)
Combination of savings bank account, trading account, and Demat account. Enables trading/investment in various instruments.
2-in-1 Account
A combination of a trading and Demat account, allowing investors to choose their external bank accounts.
Private Client Group
An exclusive offering for high net worth (HNI) individuals, providing a dedicated relationship manager and in-depth research.
NRI Account
Designed for NRI investors, offering a 3-in-1 NRI account with trading benefits in bonds, ETFs, ESOPs, equity, derivatives, etc.
Kotak Securities Charges and Brokerage Plans for 2024
Trade Free Plan
Details
Trade Free Plan
What it is?
ZERO brokerage on intraday trades across all segments
Account Opening Fee
FREE
Plan Fee
Rs 99 Incl. of GST
Validity
Lifetime
Intraday Brokerage
FREE (All segments)
Equity Delivery
0.25% or Rs 20 whichever is higher
Carry forward (All applicable segments)
Rs 20 per order
Interest on Margin Trading Facility
0.049% per day
Interest on Stock used as margin for derivative trades
0.049% per day (applicable only if the non-cash collateral limit is above 50% of the total margin required)
Dealer Assisted Brokerage Plan
Details
Dealer Assisted Brokerage Plan
Account Opening Fee
Rs 499 (One time)
Equity Delivery
0.39%
Equity Intraday
0.039%
Equity Futures
0.039%
Equity Options
Rs 39 per lot
Currency Futures
Rs 9 per lot
Currency Options
Rs 5 per lot
Commodity Futures
0.039%
Commodity Options
Rs 39 per lot
Minimum Brokerage
Rs 21 per executed order subject to ceiling of 2.5% of contract value
Margin Trading Facility Interest rate
0.025 % per day
Interest on stock used as margin for derivative trades
0.042 % per day (applicable only if the non-cash collateral limit is above 50% of the total margin required)
Kotak Securities Trading Software
Platform
Description
Website-based Trading
A user-friendly platform accessible through any popular web browser, offering a wide range of features.
Mobile Stock Trading
The Kotak Neo App provides a simplified trading and investing experience, tailored for new-age traders and investors.
Trade API
Neo Trade API allows traders and developers to integrate live market feed with their strategies, offering customization options for trading platforms.
Desktop Trading
Nest Terminal is a sophisticated trading terminal that provides real-time market monitoring and seamless order placement.
Kotak Securities Margin Exposure
Segment
Margin
Leverage
Equity Delivery
100% of trade value for T+5 days
1x
Equity Intraday
Up to 20% of trade value
5x
F&O
100% of NRML margin
1x
Kotak Securities Ratings and Complaints
Category
Rating
Overall Rating
2.4 stars
Fees
2.4 stars
Brokerage
2.3 stars
Usability
3.2 stars
Customer Service
2.8 stars
Research Capabilities
2.7 stars
Conclusion
Kotak Securities stands out as a reliable and customer-centric stock broker in India, offering a wide range of services and investment options. With its strong legacy and commitment to innovation, Kotak Securities continues to be a preferred choice for retail investors looking to trade in the Indian stock market.
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