Kotak Securities Review & Brokerage Charges

Kotak Securities Review

Kotak Securities

Basically, a subsidiary of Kotak Mahindra Brank, Kotak Securities is a leading bank-based full-service stock broker in India. Since its inception, the broker has been offering a wide range of investment and trading services through its various financial offerings to its clients.

Founded in the year 1994, the stock broker has come a long way by offering diverse financial products to its clients. Whether you want to trade in stock markets, invest in IPOs, Mutual Funds or Currency Derivatives employing online or offline modes, Kotak Securities has it all at your disposal.

Kotak Securities is not just a stock broking firm. It is also an active participant with depositories like the NSDL and the CSDL. That means you can now carry out transactions using its stock broking services and settle your trades using the depository services!

Kotak securities boasts of three-in-one account which enables investors to open demat account, trading as well as a bank account in association with Kotak Mahindra Bank Limited. One can open those account separately or at the same time under one umbrella by filling up a single application form. Using 3 in 1 account, clients won’t need to manually transfer money to trading account from the bank account.

Besides research that Kotak Securities offers, investors can choose to benefit from the street-smart tips, up-to-the-minute market information and inside news that its experienced sales teams deliver on a regular basis.

Kotak Securities has:

  • 59 lakh customer accounts
  • Over 5 lakh trades per day
  • 1281 branches, franchisees, and satellite offices
  • 377 cities across India

Some of the major awards won by the stock broker include:

  • Best Broker by FinanceAsia Country Awards, 2019
  • Gold at ACEF for Email marketing & successful use of technology
  • Silver at ACEF for Data driven marketing & successful of technology
  • Bronze at IAMAI, 2018 in the category “Best Omni Channel Campaign Management and Marketing automation”
  • Awarded “Early adopter of Analytics” at Machine learning conference 2018 for using Analytics extensively in client management
  • Award for Highest AUM in ETF category awarded by Kotak AMC
  • Best Brokerage India 2018 – by Triple A Asset Country Awards in the Best Advisors South Asia Category
  • Best Retail IPO Bidding Member, 2018 by NSE
  • NSDL Star Performer Award in category “Top Performer in New Accounts Opened – (Non- Bank) – 1st Position 2015, 2016, 2017 and 2018

Membership Information

The membership details of Kotak Securities are given below.

 

Entity Membership ID
BSE INB 010808153/INF 011133230
NSE INB/INF/INE 230808130
MSEI 260808130/ INB 260808135/INF 260808135
NSDL IN-DP-NSDL-23-97
CDSL IN-DP-CDSL-23-97
PMS INP000000258
Registered Address 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051

Process to Open an account at Kotak Securities

Kotak securities boasts of three-in-one account which enables investors to open demat, trading as well as a bank account together with Kotak Mahindra Bank Limited. One can open those account separately or at the same time using a single application form. Using 3 in 1 account, clients don’t need to manually transfer money to trading account from the bank account. The required funds get credited automatically. This makes its management a lot easier. Once the account is open, investors can choose to trade in Equity, IPO, Mutual Fund, ETF, Tax free bonds, Currency Derivatives, Gold ETF etc.

Kotak Securities Open Account

  1. Fill online Contact Us form on Kotak Securities web site. Enter your name, phone number, email address, city and submit the form. Once you submit the form, one of Kotak securities representative will get back to you.
  2. Download the forms from their website, fill in the required details, and courier it to their registered office.

Account Opening Charges

Transaction  Fee
Kotak Securities Account Opening Charges (Trading Acct)  ₹750
Kotak Securities AMC Charges (Trading Acct)   ₹0
Kotak Securities Account Opening Charges (Demat Acct) ₹0
Kotak Securities AMC Charges (Demat Acct) ₹600

 

Documents Required

Here is a list of documents that are required to open an account with Kotak Securities:

  • Proof of Identity
  • Proof of Address
  • Bank statement of last 6 months
  • Passport sized photograph
  • AMC Fees
  • Trading Account Check

Kotak Securities – Types of accounts

Kotak offers different types of account as per user’s requirement:

  1. AutoInvest

AutoInvest is one of its kind of Online Trading Account which allows invest to plan their investment in Gold ETFs (Exchange Traded Funds), Equities and Mutual Funds. Gold ETFs refer to mutual fund schemes under which the collected money is invested in standard gold bullion.

Kotak’s advisor provides the recommendation according to investor’s risk competence and investment plans. There is a minimum investment cap of Rs 5000 for AutoInvest account.

  1. Kotak Gateway

Kotak Gateway account discloses up the gateway to a landscape of investing opportunities for novices. Kotak Gateway users can trade anywhere, anytime with the help of internet. The call and trade facility is also available at Kotak. Investor can also trade Currency Derivative using this account.

Kotak Securities offer SMS alert, research report, free news and market updates from time to time to the account holders. The most salient feature of Kotak gateway is call and trade facility. Any person can activate Kotak Gateway account by choosing any amount between Rs 20,000 to 5, 00,000. This can be in form of cash deposit or the value of the shares you buy. Brokerage will be charged based on the account type. For intraday trading brokerage is .06% both sides for less than 25 lakhs and .023% for more than 25 crores.

  1. Kotak Privilege Circle

As its name suggests, Kotak Privilege Circle is basically the premium investment account provided by Kotak Securities. Together with Kotak Gateway account benefits, Kotak offers independent market expertise and full-fledged support through a devoted relationship manager and a special customer service desk which provides help in regard to account opening, day-to-day problems handling, and more. The circle provides KEAT premium which is an exclusive online tool that allows investors to monitor what is happening in the market and view their gains and losses in real-time basis.

One can activate Kotak Privilege Circle account by choosing any amount more than Rs. 10,00,000 as margin, by way of cash or stock. For intraday trading brokerage is .06% both sides for less than 25 lakhs and .03% for more than 25 crores.

  1. Kotak Freedom for Mutual Fund Investments.
  2. Kotak Super Saver, a Flat Brokerage and a Low Margin account.
  3. PMS (Portfolio Management Service), an account for individuals who look for an expert to help to manage their investments.
  4. NRI Account, an online trading an investment account for NRI investors.
  5. Trinity Account [3-in-1 Account]

Trinity Account is an integrated account that helps investors relish the advantages of an Online Trading Account, Bank Account, Demat Account on a single platform for your securities transaction. This account gives convenience of fund transfer and online trading.

Kotak Securities Trading Platforms

Kotak Securities has primarily 5 different trading platforms that allows investors and traders to trade across various devices. These platforms include a Trading terminal, a mobile app, web trading and lighter versions of their trading softwares. Let’s take a detailed view at each of them below.

  1. Kotak Securities Browser Trading Application

Kotak Securities Review and tradeThis is a browser-based trading application by Kotak Securities that allows its investors to trade right through the broker’s website. There is no need to download or install any specific software to kick off trading as it is a cloud-based trading application. A user just needs to enter his login details and he can start trading right away.

Its major features include:

  • Access to various securities across exchanges
  • Place buy/sell orders using multiple order types
  • Live streaming of quotes and other market information
  • Invest in IPOs, Mutual Funds and Bonds etc.
  • View and check your portfolio
  • Check real-time Profit/Loss on your positions
  • Access to different types of reports
  • Transfer funds and place payout requests
  • Access Kotak University- an online knowledge hub to gain insights about stock markets, trading & Investments

 

  1. KEAT Pro X (Desktop Trading Terminal)

KEAT Pro XKotak KEAT Pro X is a free-of-cost, user-centric and high-speed online trading software. This desktop application can be downloaded on a desktop or a laptop to perform trading across BSE, NSE and NSE currency markets. The big features of the KEAT Pro X trading platform are-

  • One platform to trade across multiple securities and multiple exchanges
  • Place buy/sell orders at high speed using shortcut keys
  • Live quotes from BSE, NSE & NSE currency markets.
  • Availability of key market data like market lots, top gainers/ losers, indices (Sensex, Nifty), most active scrips etc.
  • Develop customized watchlists with scrips across exchanges and track in real-time
  • Charting tools with technical pointers and historical data
  • Get livestock recommendations from the research experts

 

  1. Kotak Stock Trader

kotack stock trader

The Kotak Stock Trader is basically a mobile-based trading application. It comes free for all Kotak online trading customers and non-customers. Non-customers can choose to download the app and sign in as a guest user to access its various features. The Kotak Stock Trader mobile trading software allows detailed market inspection, gives live quotes, helps traders create watchlists and view intraday charts.

Key features of the Kotak mobile trading app are-

kotack security review and mobile app

  • Trade online anywhere,
  • Buy and sell securities across BSE and NSE
  • Check your investment portfolio in real time basis
  • Access to live streaming quotes and stock market data
  • Access to intraday charts, view intraday and EOD movements for any scrips on in the form of candlestick, line or OHLC Charts.
  • Create personalized watchlists
  • Transfer Funds from your bank account into trading or mutual fund account
  • Check Margin, available funds and limits etc.
  • Receive notifications and alerts

 

  1. Kotak Securities Xtralite

 

This web-based trading application is meant to be used by users with a relatively slower internet connection or from remoter areas of the country. The lighter version of the application enables the users to trade at impressive speed without encountering the issue of slower internet connectivity. The application allows investors to trade in Equity and derivative trading segments.

Some of the features of this application are:

Excellent responsiveness across devices including mobile, desktop, laptop or tab

kotack securities xtralite

Order watch and placing order features

Kotak-Securities-Xtralite

Get market research reports to make sound trading and investment decisions

Kotak Securities Stock Trading

5.      Kotak Securities Fastlane

Kotak Securities FastlaneKotak Securities Fastlane is developed for traders who are relying on an outdated, slow computer. The Kotak Fastlane is a light and fast trading application developed utilizing the Java technology. It even works on computers where installing .exe files is not allowed such as in office systems. It doesn’t need you to download or install any software. Key features offered by Kotak Fastlane are-

  • Put buy/sell orders
  • Check the market in real-time
  • Create personalized watchlists
  • Inspect your open positions
  • Get stock suggestions
  • Inbuilt list of S&P CNX NIFTY scrips streaming live, you can modify the list as per your needs

Kotak Securities Customer Care

The bank-based stock broker’s customer service is available through a number of communication channels including:

  • Toll-free number
  • Email support
  • Web help
  • Phone
  • Offline branches
  • Webchat

Though the stock broker is available across a number of channels, there is huge scope of improvement for the broker in terms of quality. For example, the lack of personalization in customer service delivery is clearly visible in the way their customer care executives respond to any query. It looks like they read a preset script which lacks any kind of bonding.

Moreover, the broker can also define specific timelines to different types of queries, thus, developing a sense of trust among the client base when it comes to the turnaround time of raised concerns.

Kotak Securities Pricing

Kotak Securities is one of the most high-cost stock brokers in India on all fronts including account opening, maintenance, brokerage and others. If you are looking to begin with a higher upfront deposit and/or looking to have a better turnover on the stock market, it is suggested that you negotiate to the best extent and get yourself a lucrative deal from the broker.

Account Opening Charges

Transaction  Fee
Trading Account Opening Charges (One Time)  ₹750
Trading Annual Maintenance Charges AMC (Yearly Fee)   ₹0
Demat Account Opening Charges (One Time) ₹0
Demat Account Annual Maintenance Charges AMC (Yearly Fee) ₹600

 

Brokerage Charges

Kotak Securities Brokerage Plan – Fixed Brokerage Plan
Segment Brokerage Fee
Flat Monthly Fee
Equity Delivery 0.49%
Equity Intraday 0.049% (both side)
Equity Futures 0.049% (both side)
Equity Options ₹300 per lot
Currency Futures
Currency Options
Commodity Futures 0.070%
Commodity Options
Kotak Securities Brokerage Plan – Dynamic Brokerage Plan
Segment Brokerage Fee
Flat Monthly Fee
Equity Delivery 0.59% to 0.30%
Equity Intraday 0.06% to 0.05%
Equity Futures 0.07% to 0.05%
Equity Options 2.5% to 1.8%
Currency Futures 0.04% or Rs 20 per lot
Currency Options Rs 20 to Rs 7.5 per lot
Commodity Futures
Commodity Options

 

Demat Account Charges

Sr. No. Account Head Rate Minimum Payable
1 Dematerialization Rs.50/- per request and Rs.3/- per certificate
2 Rematerialisation Rs.10/- for 100 shares Rs. 15/-
3 Debit Transactions 0.04% of the value of securities Rs. 27/-
4 Annual Maintenance Charges (AMC) Rs. 50/-per month for Resident Indian
5 Pledge Services 0.05% of the value of securities Rs. 30/-
6 Invocation of Pledge 0.04% of the value of securities Rs. 30/-
7 Charge for Client Master change intimation Rs.25/-

 

Kotak Securities Transaction Charges

Segment Transaction Fee
Equity Delivery 0.1% (Buy and Sell)
Equity Intraday 0.025% (on Sell trade)
Equity Futures 0.01% (on Sell trade)
Equity Options 0.05% (on Sell trade premium) or 0.125% (on options)
Currency Futures NA
Currency Options NA
Commodity 0.01% on sell side

 

Kotak Securities Margins

The exposure or margin details of Kotak Securities are mentioned below.

Trading Segment Margin
Equity Delivery 100% (1x)
Equity Intraday Upto 10x
Equity Future 100% (1x)
Equity Options 100% (1x)
Currency Future 100% (1x)
Currency Options 100% (1x)
Commodity Future 3x
Commodity Options 100% (1x)

IPO

Kotak Securities offer Online IPO Application to clients who have Trinity account, the 3-in-1 account with Kotak or trade online through Kotak. A majority of IPOs at BSE and NSE exchanges are available on web to Kotak Securities customers.

How apply in IPO with Kotak Securities

Kotak offer just a single way to apply in an IPO. Kotak customers who has Trinity account can apply IPO’s online through Kotak Securities website.

Option to call customer service to apply in an IPO or visiting Kotak Mahindra Bank branch is not available.

  1. Visit Kotak Securities website and click on LOGIN TO TRADE box.
  2. Login to your trading account
  3. Click on Place Order >> Primary Market >> IPO
  4. Choose ASBAIPOCategory and click on Accept button.
  5. Fill in the quantity and price and click on Place Order button.
  6. On client detail page, mention your age in years and click Submit button.
  7. Make sure sufficient funds are available in you Kotak Mahindra saving bank account. If not, transfer the funds and click the Submit button.
  8. Check the confirmation “Your bid has been received for processing by Kotaksecurities.com. Your Kotaksecurities.com internal reference number is XYZ.

Once you submit the online IPO form, Kotak Sec will do the remaining formalities related to submission of your IPO form using the Power of Attorney issued by you at the time of account opening.

Kotak Smallcases

Kotak Smallcases is basically a 3rd party investment tool which is also available at several other stock brokers such as 5paisa, Zerodha etc. A smallcase is a portfolio or a oiik of stocks and ETFs built around a pattern, concept or strategy. It is made up of 2 to 50 instruments. Key features of the smallcase platform are-

  • Option to pick from 55+ different smallcases
  • 4 smallcase type options such as thematic, model-based, sector trackers and beta
  • Choose smallcase as per your risk profile- conservative, moderate and aggressive
  • Create your own personalized smallcase
  • Invest in just a single click
  • Track smallcases on-the-go
  • SIP facility

Kotak Securities NRI Bank Account

Kotak securities NRI account (NRI 3-in-1 account) includes a Trading, Demat and Kotak Mahindra Bank NRI Saving Bank Account which aims at offering a hassle-free investment experience to its clients.

Kotak Securities NRI Services Benefits

  1. Part of reputed Kotak Mahindra Bank
  2. Offers NRI 3-in-1 account for hassle-free trading experience
  3. Global Branch offices in New York, London, Dubai, Singapore, and Mauritius
  4. Access to next-gen trading platforms and tools
  5. The dedicated research team and advisory help desk
  6. Place orders online or on phone or even via chat
  7. A dedicated relationship manager
  8. Option to invest in IPOs, mutual funds, etc., along with trading in stocks and derivatives

Kotak NRI 3 in 1 Account (Trinity Account)

Kotak Securities offers a 3 in 1 account (Trinity Account) to NRI investors to facilitate smooth trading. The Kotak 3 in 1 account NRI includes:

  1. NRI Trading Account (NRE or NRO)
  2. NRI Demat Account (NRE or NRO)
  3. NRI Bank Accounts (PIS or Non-PIS)

The Conclusion

In terms of trust, Kotak Securities is one of the pioneers in the industry. Even, Kotak Bank has bee considered among the most trusted banking service providers in the country and this legacy continues in the stock trading space.

Due to its excellent research and trading platforms, Kotak Securities has carved a niche in the stock broking domain.

However, customer service is one aspect that asks for high levels of improvement. If this is done, Kotak Securities would have no match in the market.

The Best Stock Broker

Kotak Securities Review 2020

Product In-Stock: 1

Editor's Rating:
5

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