April 12, 2024

Kotak Securities Restricted is the one stockebroker in India that provides zero brokerage on fairness intraday beneath “commerce free plan”.

Kotak Securities provides two brokerage plans – 

  • Commerce Free Plan – having Rs. 0 intraday costs appropriate for DIY merchants
  • Supplier Assisted Plan – with 0.39% costs for learners buyers who want hand holding

Kotak Securities is a full service dealer however you get advisory service solely with “supplier assisted plan”. Commerce free plan is for merchants who don’t want any advisaroy service.  

Kotak Securities Demat cum Buying and selling Account Evaluation 2022

Based in 1994, Kotak Securities has over 25 years of expertise within the broking trade. They service 23 lacs + buyer accounts and have a pan India community of 152 branches and 1500+ franchises. 

Kotak Securities’ major service providing pertains to – Stockbroking and distribution of varied monetary merchandise like mutual funds and insurance coverage. 

Their different value-added companies embody – 

  • ETF & IPO funding
  • Mutual fund funding
  • Tax-free bonds and NCDs
  • Soverign gold bonds and Gold ETF
  • Inventory basket investing (new service providing)
  • US inventory investing (new service providing)
  • Market Analysis & Inventory Ideas 

Kotak Securities Brokerage Prices 2022

Now Kotak Securities provide 2 brokerage plans having the next particulars –  

#1. Kotak Securities – Commerce Free Brokerage Plan 

Buying and selling Section Brokerage Prices
Fairness Intraday  Rs. 0
Fairness F&O (Intraday ) Rs. 0
Forex & Commodity (Intraday) Rs. 0
F&O trades (carry ahead) Flat Rs. 20 per executed order 
Fairness Supply  0.25% of transaction worth
Commodity supply 0.25% of transaction worth

Intraday merchants with a lot of trades will profit from the Rs. 0 costs beneath the Commerce free plan. 

Limitless intraday merchants could be accomplished with none capping throughout segments.

For instance, 10 intraday trades per day at Zerodha prices Rs. 20 x 10 trades = Rs. 200. 

Whereas beneath the Commerce Free Plan at Kotak Securities you incur Rs. 0 costs on 10 intraday trades. This could save a number of thousand rupees each month.

However you’ll nonetheless must pay different costs like STT, SEBI, Alternate costs, stamp costs in your intraday commerce. Solely the brokerage cost on intraday commerce is free.

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The one catch is – merchants want to finish buying and selling each legs on-line throughout the market hours with none help of sellers or customer support executives. 

You have to to pay an extra payment of Rs. 50 per executed order for those who take any RMS or supplier help in your trades.

The plan additionally permits entry to analysis and stock-picks companies. Which may probably assist merchants to pick out shares and gauge market sentiments. 

#2. Kotak Securities – Supplier Assisted Brokerage Plan 

Buying and selling Section Brokerage Prices
Fairness Intraday  0.039%
Fairness & Commodity Futures  0.039%  
Fairness & Commodity Choices Rs. 39 per lot
Forex Futures  Rs. 9 per lot
Forex Choices Rs. 5 per lot
Fairness Supply  0.39% of transaction worth
Commodity supply 0.39% of transaction worth

Newbie merchants who want hand-holding companies like funding advisory and inventory analysis to construct their portfolio profit from the dealer-assisted plans. 

You get a devoted supplier connected to your account to debate, plan and make methods for investments.

The plan additionally fits working professionals who face time shortages in managing their funding portfolio. 

The decision & commerce cost beneath the plan is Rs. 20 per name.

Kotak Securities Buying and selling Platforms Evaluation

#1. Kotak Inventory Dealer App

Permits you to “Faucet and commerce” from wherever facility whether or not you’re touring or are within the backyard. You get real-time inventory costs and get stay market updates.

The app consumes 44 MB (iOS) / 24MB (Andriod) of reminiscence area and has a secured biometric login. 

You’ll be able to entry charting instruments, create watchlists and place orders out of your current search historical past. 

#2. Kotak TradeSmart Terminal

Commerce Good Terminal is a browser-based buying and selling terminal for savvy merchants with add-on charged companies like –

  • Commerce Good Derivatives
  • Commerce Good Insights
  • Commerce Good Tendencies

Permits creation of watchlist for monitoring shares (65+ knowledge factors), Futures (40+ knowledge factors)  and Choices with greater than 45 knowledge factors. 

Commerce Good Terminal will help discover choice buying and selling alternatives by monitoring uncommon Name quantity, open curiosity, hole up/down on excessive quantity and highest Put/Name OI ratio.   

#3. Internet-based Buying and selling Terminal 

The Internet-based buying and selling terminal is a light-weight model of the Commerce Good Terminal. Individuals new to buying and selling/ investing can get hands-on right here.  

The platform is straightforward, provides an intuitive interface and is loaded with watchlists, auto worth streaming and single-click navigation to IPO and mutual fund funding. 

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#4. Keat ProX Buying and selling Platform

Keat ProX is a downloadable .exe software program creating a robust native buying and selling atmosphere in your PC (desktop), pill or laptop computer.   

You’ll be able to customise the consumer interface suited to your buying and selling model. Have an built-in display for watchlist, funds standing, can view buying and selling positions and get entry to analysis stories and inventory charting instruments.  

Kotak Commerce APIs

Superior merchants who wish to implement their very own methods can use Kotak Commerce APIs to customise and develop their very own buying and selling algorithms.

What I Like  

  • Rs. 0 costs on intraday buying and selling beneath the Commerce Free plan
  • Flat Rs. 20 on carry ahead F&O trades
  • Choice to open on-line demat, 2-in-1 and 3-in-1 accounts
  • Entry to value-added companies like IPO, smallcase and US inventory funding

What Can Be Improved

On the Google Play retailer, there are opinions of Kotak Dealer App having login points, system hangs and common buyer assist. 

Kotak has just lately up to date its app fixing login points and bug fixes. The brand new app model is accessible from seventh December 2021 onwards. 

On-line individuals have left opinions of Kotak securities together with different costs together with the brokerage charges. Kotak Securities crew must look into the grievances. 

Kotak Securities Account Opening Prices

Particulars Commerce Free Plan Prices Supplier Assisted Plan Prices
Account Opening Rs. 0 ( Free now)  Rs. 499 (one time)
AMC costs
Holding worth of securities <= Rs. 10,000

Holding worth of securities > Rs. 10,000

Rs. 0

Rs. 50 per 30 days

Rs. 50 per 30 days

Kotak Securities On-line Account Opening Course of

Step 1 – Go to Kotak securities account opening web page

Kotak securities demat account open step 1

Step 2 – Enter your identify, cellular quantity, e-mail ID for verification. Additionally, fill within the metropolis particulars.

Kotak securities demat account open fill details

Step 3 – Confirm your cellular quantity and e-mail ID with OTP obtained.  

verify mobile number
verify email ID

Step 4 – Fill PAN quantity and date of start as proof of identification

Submit PAN number

Step 5 – Present private data like marital standing, annual revenue and buying and selling expertise. 

Fill personal info

Step 6 – Fill in your checking account particulars as proven beneath –

Kotak securities demat account open bank proof

Notice – In case you are offering your Kotak Checking account particulars then the 3-in-1 “Trinity” account will likely be opened. 

In case you’re offering your different checking account particulars then Kotak Securities will open a 2-in-1 account.  

Step 7 – For deal with verification, you’ve three choices –

Choice 1 – When you’ve got a duplicate of deal with proof saved in Digi Locker. Then you possibly can log in to your Digi locker account and confirm your deal with.

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Digi Locker is a government-backed pockets to maintain all of your paperwork secure on-line.  

Choice 2 –  When you don’t have a Digi locker account then you should use Aadhar as deal with poof. 

Click on the “Aadhar Offline KYC” hyperlink on the backside. You could log in to UIDAI utilizing Aadhar OTP and obtain the zip file containing the Aadhar particulars. 

After that add the zip file by clicking the tab beneath and offering the code to open the zip recordsdata. 

Choice 3 – Select the “Request bodily help for account opening” methodology. Your software will likely be forwarded to an RM who will conduct an deal with verification course of. 

Step 8 – Add your PAN and signature as soon as your on-line deal with verification is full. 

Lastly, you have to assessment the account opening software earlier than submission to Kotak Securities restricted. 

The entire on-line course of takes 20 -25 minutes of time. Earlier than finishing the appliance I obtained a name from the Kotak Securities assist crew for briefing and help in the course of the account opening course of. 

As soon as that’s accomplished, the Kotak Securities personnel goes by means of the appliance. If he finds all of the issues full your login-ID and password is created and communicated to you over your email-ID. This may increasingly take one other 20 minutes of time. 

Total the brand new on-line account opening course of could be accomplished hassle-free inside 40 to 50 minutes of time.

Conclusion

Kotak Securities provides choice for each Intraday merchants and long-term buyers to satisfy their monetary wants. 

Price-conscious, frequent intraday merchants with a lot of trades can save buying and selling prices utilizing the Rs. 0 intraday costs.    

FAQ

Is Kotak securities secure? 

Kotak Securities is a subsidiary of Kotak Mahindra Financial institution and is a SEBI registered stockbroking firm with 25+ years of trade presence.  

Is Kotak securities good for intraday?

Kotak Securities costs Rs. 0 for intraday trades on all of the segments. When you place a lot of intraday trades then positively it can save you a number of hundred rupees. 

For instance, 10 intraday trades at Zerodha prices Rs. 20 x 10 trades = Rs. 200. Whereas beneath the Commerce Free Plan at Kotak Securities you incur Rs. 0 costs on 10 intraday trades.  

Is Kotak securities registered with SEBI?

Sure, beneath the SEBI Registration No: INZ000200137

What are the annual costs for Kotak securities?

AMC costs beneath each the plans are beneath –

  • Commerce Free Plan – Rs. 0 in case of securities holding is as much as Rs. 10,000. If securities holding is extra then AMC costs are Rs 50 per 30 days
  • Supplier Assisted Plan – Rs. 50 per 30 days

Is intraday brokerage free in Kotak Securities?

Intraday brokerage is free solely beneath their Commerce Free Plan with no capping on the variety of trades. 

Is DigiLocker secure?

DigiLocker is a authorities of India-sponsored pockets to maintain your paperwork secure on-line. Kotak securities solely entry the KYC-related paperwork for account opening. 

About Pardeep Goyal

I discuss saving & investing cash. You’d love my articles associated to Credit score Playing cards, Journey, Buying, Tax Saving. I share transparently how I’m making passive revenue from a number of sources on-line.

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