The stockbroker market is fiercely competitive in India’s economy.
It is difficult for the regular investor to find a stockbroker who will supply him with all of the necessary services at a reasonable price. On this page, you’ll find a review of Kotak Securities.
The stockbroker review is not only an important but also a significant thing to consider when choosing a stockbroker. Kotak Securities review indicates Kotak Securities credibility.
What is Kotak Demat Account?
Kotak Securities Limited is a Kotak Mahindra Bank subsidiary. In India, it is a stockbroking division of the Kotak Mahindra Group.
Share trading, mutual funds, derivatives trading, Currency Derivatives, IPO, Exchange Traded Funds, portfolio management, borrowing, and stock lending are among the services provided by the broker.
In India, Kotak Securities is a well-known bank-based full-service stockbroker.
The broker has provided a wide range of investing and trading services to its clients through its numerous financial offerings since its beginnings.
It collaborates with depositories such as the NSDL and the CSDL.
Types of Kotak Securities
Kotak offers a variety of account kinds to meet the needs of its customers:
1.AutoInvest: AutoInvest is a one-of-a-kind online trading account that offers users investment planning in gold ETFs (Exchange Traded Funds), stocks, and mutual funds.
2. Kotak Gateway: For beginners, a Kotak Gateway account provides access to a world of investment choices. Using the internet, Kotak Gateway users can trade from anywhere at any time.
3. Kotak Privilege Circle: Kotak Securities’ premium investment account is called Kotak Privilege Circle. Along with the Kotak Gateway account perks, Kotak also offers independent market expertise and support via a dedicated relationship manager and a dedicated customer care desk that can help with account opening, day-to-day concerns, and more.
4. Invest in mutual funds with Kotak Freedom.
5. Kotak Super Saver, a Low Margin Account, and a Flat Brokerage
6. PMS (Portfolio Management Service)L: This account is created to manage the investments.
7. NRI Account, a trading and investing account for non-resident Indians.
8. Trinity Account (three-in-one): The Trinity Account is an integrated account that allows investors to benefit from the advantages of an Online Trading Account, a Bank Account, and a Demat Account all on one platform for their securities transactions.
This account allows for easy financial transfers as well as online trading.
Kotak Securities Account Opening Charges
These are the rates and annual cost of maintenance for setting up an account with Kotak Investments.
| Segments | Charges |
| Opening Charge (Trading Account) | Rs.750/- |
| Opening Charges (DEMAT Account) | Rs.0/- |
| AMC (Trading Account) | Rs.0/- |
| AMC (DEMAT Account) | Rs.600/- |
Kotak Securities Brokerage Charges and Plans
Basic Brokerage Plan
| Trading Segment | Brokerage Charges |
| Equity Options | Rs 300 Per Lot |
| Equity Intraday | 0.049% |
| Equity Delivery | 0.49% |
| Equity Futures | 0.049% (Both Sides) |
| Minimum Brokerage | |
| For Futures orders | 3 paise |
| For Delivery Orders | 4 paise |
| for Intraday orders | 3 paise |
Dynamic Brokerage Plan
| Trading Segment | Brokerage Charges |
| Equity Cash Delivery | 0.59% to 0.30% (For the trading amount of ‘< 1 lakh’ to ‘> 50 lakhs’) |
| Equity Cash Intraday | 0.06% to 0.05% both sides (For the trading amount of ‘< 25 lakhs’ to ‘> 25 lakhs’) |
| Equity Futures Intraday | 0.07% to 0.05% both sides (For the trading amount of ‘< 2 crores’ to ‘> 2 crores’) |
| Equity Futures Settlement | 0.09% to 0.073% both sides (For the trading amount of ‘< 2 crores’ to ‘> 2 crores’) |
| Equity Options Intraday | 2.5% to 1.8% both sides (For a premium of ‘< 4 lakhs’ to ‘> 11 lakhs’) |
| Equity Options Settlement | 2.5% to 2.3% both sides (For a premium of ‘< 4 lakhs’ to ‘> 11 lakhs’) |
| Options Minimum (Settlement) | Rs.300 to Rs.180 both sides (For a premium of ‘< 4 lakhs’ to ‘> 11 lakhs’) |
| Currency Futures | 0.04% or Rs.20 per lot, whichever is higher to 0.015% or Rs.7.5 per lot, whichever is higher (For a monthly volume of ‘< 3 Cr’ to ‘> 30 Cr’) |
| Currency Options | Rs.20 per lot to Rs.7.5 per lot (For a monthly volume of ‘< 3 Cr’ to ‘> 30 Cr’) |
Advance Brokerage Plan
| Particulars | PLAN A | PLAN B | PLAN C | PLAN D |
| Advance Fees | Rs.5000 | Rs.10,000 | Rs.50,000 | Rs.2,00,000 |
| + GST | ( As applicable) | ( As applicable) | ( As applicable) | ( As applicable) |
| Total Cheque Amount | Rs.5000 + ST | Rs.10,000 + ST | Rs.50,000 + ST | Rs.2,00,000 + ST |
| Validity | 12 Months | 12 Months | 12 Months | 12 Months |
| BROKERAGE DETAILS | ||||
| Delivery’ | 0.39% | 0.29% | 0.19% | 0.12% |
| Cash Intra-Day’ | 0.040% | 0.035% | 0.030% | 0.015% |
| Futures’ | 0.040% | 0.035% | 0.030% | 0.015% |
| Options’ | Rs.225/- per lot | Rs.225/- per lot | Rs.150/- per lot | Rs.150/- per lot |
| Currency Futures (Each Leg) | 0.024% or Rs.12 | 0.020% or Rs.10 per | 0.016% or Rs.8 per lot | 0.016% or Rs.8 per lot |
| Currency Options (Each Leg) | Rs.12 | Rs.10 | Rs.8 | Rs.8 |
Read: Axis Bank Demat Account
What is the process of opening a Kotak demat account?
If you wish to open a Kotak Demat account, you must do the following:
- When you click the “Open Demat Account” button on this page, a form will appear. Fill it out.
- Fill out the form with all of the relevant information.
- Upload the mentioned documents – scan copies of documents such as PAN, AADHAAR, Cancelled Cheque, and personal photos.
- Wait for the verification to complete, and if your application is approved, you will receive your account’s login credentials.
Trading Platforms at Kotak Securities
Kotak Securities provides a variety of trading platforms to meet the needs of investors.
1. Trading Terminals – KEATProx and FASTLANE are two trading terminals. Kotak provides two trading terminal-based applications that are extremely popular among stock traders. KEATProX is an exe-based desktop application that provides the quickest trading experience.
FASTLANE is a Java applet-based application that allows you to simulate a trading terminal without having to install anything on your computer.
FASTLANE is similar to KEATProX in terms of features and benefits of website-based trading, and it can be accessed from any web browser.
2. Mobile Stock Trading – To trade in the stock market, Kotak provides a high-speed mobile application. Execute Trades, Monitor Portfolio, View Streaming Quotes, and Intraday Charts are just a few of the features available in the app.
3. Branch Advisory and Call & Trade-In addition to its 1400+ branches, Kotak also provides trading services through call centers that use the call & trade facility.
Pros & Cons
Pros
- Through its three-in-one account, it gives a decent service to its consumers.
- Under one roof, all financial products and services are offered.
- Customers receive monthly and weekly research reports, as well as the option of trading on a variety of platforms.
Cons
- High brokerage fees and charges that aren’t disclosed.
- Direct funds are not available in mutual funds.
- Trading in commodities is not possible.
What makes it better than others?
Mutual funds: after doing proper fundamental and technical analysis, mutual funds assist investors in building their long-term investment portfolio for maximum return and minimal risk.
Forex: Many stockbrokers offer services not just in the stock market but also in the forex market.
Banking: full-service brokers offer their services in the banking industry as well.
SIP (systematic investment plans) is a branch of mutual fund services in which numerous brokers assist investors in methodically shaping their investment portfolio for maximum returns.
Insurance: Top-performing brokers also provide their client’s insurance coverage.
Conclusion
You have a variety of investment alternatives with a Kotak Demat Account. Investors and traders benefit from the firm’s effective Demat and trading services, as well as additional benefits.
The margin money needs may be a little high, but there are several attractive offers available, such as a free Demat account with no maintenance, happy trading hours, and others, that help investors and traders save a lot of money on their transactions.
If you like Kotak Demat Account , you should also give a try to 5paisa DEMAT ACCOUNT and ICICI Demat Account.
FAQs
How long will it take for me to be able to place trade orders?
You will receive the account opening kit at your correspondence address after completing the form on the internet and paying the account opening fee.
After your payment is received, you should receive the account opening kit within 3-4 working days.
You can send the paperwork to Kotak Securities along with the required KYC documents whenever you receive it.
After receiving the completed form, it usually takes us 7 working days to activate the account.
Is there any research available from Kotak Securities?
This is a full-service stockbroker; is one of the numerous services available. It enables you to invest in the most efficient way possible by providing a variety of recommendations and study materials from their expert staff.
Is Kotak Securities a decent place to start for beginners?
Yes, this firm will be a good choice for newbies because it offers a lot of assistance from the broker’s end, including offline as well as research and advice services.
The suggestions will assist the trader in making an informed investing selection.
Amit Gupta is the creator of FreeDematAccount.in, a website that specializes in Demat accounts and provides assistance to all its users in navigating through complicated decisions. After completing his high school certification, Amit spent half a decade learning about Demat accounts from brokerages. Before forming FreeDematAccount.in, Amit worked for a Demat account brokerage.