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Kotak Securities Ltd: Services, Charges, and Special Offers

Introduction to Kotak Securities Ltd

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

USPDescription
25+ Years of ExperienceWith over two decades of experience, Kotak Securities has established itself as a trusted name in the industry.
Part of Kotak Mahindra BankBeing a subsidiary of Kotak Mahindra Bank adds to its credibility and reliability.
3-in-1 AccountOffering a 3-in-1 account (Bank + Trading + Demat Account) provides customers with a seamless trading experience.
Wide Physical PresenceWith branches in 393 cities, Kotak Securities ensures accessibility and convenience for its customers.
Free Research ServicesKotak Securities offers free technical, fundamental, derivatives, macro-economic, and mutual fund research.
Customized Brokerage PlansKotak 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 TypeDescription
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 AccountA combination of a trading and Demat account, allowing investors to choose their external bank accounts.
Private Client GroupAn exclusive offering for high net worth (HNI) individuals, providing a dedicated relationship manager and in-depth research.
NRI AccountDesigned 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

DetailsTrade Free Plan
What it is?ZERO brokerage on intraday trades across all segments
Account Opening FeeFREE
Plan FeeRs 99 Incl. of GST
ValidityLifetime
Intraday BrokerageFREE (All segments)
Equity Delivery0.25% or Rs 20 whichever is higher
Carry forward (All applicable segments)Rs 20 per order
Interest on Margin Trading Facility0.049% per day
Interest on Stock used as margin for derivative trades0.049% per day (applicable only if the non-cash collateral limit is above 50% of the total margin required)

Dealer Assisted Brokerage Plan

DetailsDealer Assisted Brokerage Plan
Account Opening FeeRs 499 (One time)
Equity Delivery0.39%
Equity Intraday0.039%
Equity Futures0.039%
Equity OptionsRs 39 per lot
Currency FuturesRs 9 per lot
Currency OptionsRs 5 per lot
Commodity Futures0.039%
Commodity OptionsRs 39 per lot
Minimum BrokerageRs 21 per executed order subject to ceiling of 2.5% of contract value
Margin Trading Facility Interest rate0.025 % per day
Interest on stock used as margin for derivative trades0.042 % per day (applicable only if the non-cash collateral limit is above 50% of the total margin required)

Kotak Securities Trading Software

PlatformDescription
Website-based TradingA user-friendly platform accessible through any popular web browser, offering a wide range of features.
Mobile Stock TradingThe Kotak Neo App provides a simplified trading and investing experience, tailored for new-age traders and investors.
Trade APINeo Trade API allows traders and developers to integrate live market feed with their strategies, offering customization options for trading platforms.
Desktop TradingNest Terminal is a sophisticated trading terminal that provides real-time market monitoring and seamless order placement.

Kotak Securities Margin Exposure

SegmentMarginLeverage
Equity Delivery100% of trade value for T+5 days1x
Equity IntradayUp to 20% of trade value5x
F&O100% of NRML margin1x

Kotak Securities Ratings and Complaints

CategoryRating
Overall Rating2.4 stars
Fees2.4 stars
Brokerage2.3 stars
Usability3.2 stars
Customer Service2.8 stars
Research Capabilities2.7 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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