Kotak Securities Review 2024:
| Why Open Account with Kotak Securities? | |
| 1 | They offer 3-in-1 demat account which enables seamless transfer of funds |
| 2 | All investment avenues under one roof |
| 3 | Above par trading platforms and also provision for traders with slow internet connection |
| 4 | Online chat facility with support team |
 |
|
| Disadvantages of Kotak Securities | |
| 1 | No support for commodity segment |
| 2 | Brokerage charges are high even when compared to other full service brokers |
In this Kotak Securities review , I am going to present you more information about Kotak Securities which is one of the well known brokerage firm of India
About Kotak Securities:
Kotak securities is brokerage arm of Kotak group and founded in 1994 and headquartered at Mumbai.
They are registerd with National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and have their own DP with National Securities Depository Limited (NSDL) and Central Depository Service Limited (CDSL).
They are spread across India with branches and franchises in excess of 1200 in 360+ cities and towns.
Their client base is around 12Lakhs and they carry out 5lakh+ trades on daily basis on exchanges.
Best part of them is, they offer 3-in-1 demat account, that means Trading, demat and savings bank account are integrated. This helps is instant transfer of funds between savings and trading account.
They offer services in following segments,
- Equities
- Derivatives (F&O)
- Mutual Funds
- IPO
- Exchange Traded Funds (ETFs)
- Currencies
- Bonds
- Portfolio Management Services
Kotak Securities Brokerage Charges:
When I see their brokerage structure, i feel it’s is one of the most expensive one compared to other full service brokers. Not only commission, thier AMC and account opening charges are also on higher side.
Coming to brokerage charges, they have two types of brokerage plans
- Dynamic Brokerage Plan
- Advance Brokerage Plan
Dynamic Brokerage Plan:
In this type of plan, the brokerage slab applied to the customer keeps changing according to the monthly traded volume. Higher the traded volume, lower will be the brokerage percentage.
| Delivery Trading | |
| Monthly Volume | Brokerage charges |
| Less than 1 Lakh | 0.59% |
| 1-5 Lakhs | 0.55% |
| 5-10 lakhs | 0.45% |
| 10-20 lakhs | 0.36% |
| 20-60 Lakhs | 0.27% |
| 60 Lakhs – 2 crores | 0.23% |
| Greater Than 2 crores | 0.18% |
As you can see, you can get delivery brokerage as low as 0.18%
| Intraday Trading | |
| Monthly Volume | Brokerage charges |
| Less than 25 Lakh | 0.06% |
| 25 Lakhs – 2 Crores | 0.05% |
| 2 Crores – 5 Crores | 0.04% |
| More than 5 Crores | 0.03% |
Advance Brokerage Plan:
In this plan, you pay advance brokerage amount of your choice mentioned below and avail the lower brokerage slabs. It has the validity of 12 months and if not used within that period, it will lapse. So in a way you are committing to trade that volume in 12 months.
If you are not sure, i advice you to don’t opt for this plan as anything can happen in 12 months and mind you, the amount once paid is non refundable.
| Plan | Advance Fee | Delivery Brokerage | Intraday Brokerage |
| A | 5000 | 0.39% | 0.040% |
| B | 10000 | 0.29% | 0.035% |
| C | 50000 | 0.19% | 0.030% |
| D | 200000 | 0.12% | 0.015% |
Kotak Securities Trading Platforms:
Similar to all other full service brokers, they also offer trading platforms to suite all type of traders/investors. They offer different platforms for web, mobile and desktop users
Following are the trading platforms of Kotak securities:
- KEAT ProX: It is the well known platform from them. One has to install the application in his/her laptop/desktop. Best suited for the intraday traders as the response time of this software is quick compared to web version.
- Kotak Stock Trader: It is the mobile app and can access the market from anywhere
- Fastlane: it the browser based trading platform and has almost all the features of KEAT ProX
- Xtraline: It is another web based platform lighter in resources. Hence one can use it even with slower internet speed
- Call & Trade: Trader can call their customer care and place the order, useful when you are not connected to internet due to any reason.
Kotak Securities Account Opening Charges:
- Trading Account Opening Charges : Rs 750
- Trading Account Annual Maintenance Charges : NIL
- Demat Account Opening Charges : NIL
- Demat Account Annual Maintenance Charges (AMC) : Rs 50 per month
Kotak Securities Pros and Cons:
Disadvantages of Kotak Securities :
- No support for commodity segment
- Brokerage charges are high even when compared to other full service brokers
Advantages of Kotak Securities :
- They offer 3-in-1 demat account which enables seamless transfer of funds
- All investment avenues under one roof
- Above par trading platforms and also provision for traders with slow internet connection
- Online chat facility with support team
Kotak Securities Review – Conclusion:
Being a brokerage firm with backing from parent bank which has very good reputation in India, one can easlily open a demat account with them without any hesitation.
But only thing I am concerned with them is the brokerage, their commission is higher than icicidirect which considered as one of the most expensive broker.
So advice you, if you interested in opening the account with them, please negotiate hard with their sales rep and you should be able to get lower brokerage slab.
You May be Also Intereseted In :