Kotak Securities : Free Intraday Trading – A Detailed Review

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Kotak Securities Limited (KS) established in 1994, is a subsidiary of Kotak Mahindra Bank Limited a renowned private-sector bank headquartered in Mumbai, Maharashtra. It is currently one of India’s largest brokerage and distribution houses in India. As a stock broking company, Kotak Securities brings to you more than 25 years of experience in serving a diverse customer base of retail and institutional investors.

Kotak Securities along with online trading offers various secondary market broking services, such as cash equity, equity and currency derivative, mutual fund, initial public offering, exchange trading fund, bond, gold exchange trading fund, stock lending and borrowing mechanism, and future.

Why invest with Kotak Securities?

Kotak Securities is the first broking house to launch mobile stock trading app which helps the investors to keep a track of their investments. Also, it begun the facility of margin finance for online stock trading. Along with the above it has also pioneered investment in IPO and mutual funds over the phone and sending SMS alerts before execution of depository transactions.

Kotak Securities has been awarded

  • Broker of the Year (India) – The Asian Banker’s Financial Markets Business Achievement Awards 2014
  • Top Performer in New Accounts Opened (Non-Bank Category) – NSDL Star Performers Award 2013
  • Fastest growing Equity Broking House by BSE IPF – D&B Equity Broking Awards for the year 2012
  • The Best Equity House in India by Finance Asia for the year 2012 to name a few

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Kotak Securities Online Trading Platforms

Kotak Securities is well advanced on the technical front which is because they have invested heavily in technology. They offer 6 platforms to their customers

  • Website Trading – It allows traders/investors to trade/invest via Kotak Securities official website – www.kotaksecurities.com .
  • KEAT Pro X (Desktop Trading Terminal) – A full-fledged stock trading platform of Kotak Securities which provides up to date account information so that you can keep tabs on the performance of your portfolio. You can also get real time  stock recommendations, Live streaming of stock market data, create watchlists and allows you to trade at a very high speed. Watch Demo
  • FastLane (Java Based Applet) – Customers can trade online, access your portfolio and watchlists through our light Java based applet called FastLane. Watch Demo
  • StockTrader (Mobile App) – It enables the customers to access the stock market right from your mobile handset. Using Fastlane you can check your open positions, look at the status of the funds in your account and also view company reports and stock recommendations, execute trades, monitor portfolio, and access Intraday charts. Watch Demo
  • Call & Trade – For those customers who are not internet savvy can place the order over call to buy and sell equity assets like stocks, mutual funds, derivatives, IPOs, etc.
  • Xtralite – This is extra light, super fast trading website useful for customers have a slow internet connection or people who are trading from remote locations with limited internet connection.
  • Trade Smart Derivatives – This application has been made to simplify derivatives trading which offers customized trading strategies and also helps in spotting unusual market activities from thousands of contracts.
  • Trade Smart Insights – Trade Smart Insight provides you with news, streams, recommendations and ratings for stocks from all over the world.
  • Trade Smart Trends – You can understand the underlying trend causing the market to move in bullish and bearish directions using this application helping you place better trades and make more profit.

Types of Accounts

AutoInvest

This facility lets a customer grow their wealth by investing in a fixed number of stocks or fixed amount of money at regular/fixed intervals in stocks and MFs. This can be considered as an alternative to mutual fund SIPs where you can invest only in Mutual funds but with the Auto Invest feature you can invest in stocks and Mutual funds in an SIP format.

Benefits of AutoInvest:

  • You can now easily invest in equities using SIPs.
  • Invest in markets with a single instruction
  • You can invest fixed amount every month
  • AutoInvest also ensures the power of compounding works in your favor by regularly reinvesting
Trinity Account [3-in-1 account]: 

Trinity account is a seamless investment platform that integrates a savings account, a demat account and an online trading account into one great service.

Benefits of having a 3-in-1 account:

  • Seamless, hassle free trading
  • Multiple accounts to trade from
  • Margin against securities
  • Trading even after market hours
  • Extensive research options to guide your investment decisions
Demat account

A dematerialized or demat account is a facility that allows customers to hold shares in an electronic format. You need a demat account before you start to trade on India’s stock exchanges.

Benefits of having a demat account:

  • Three-in-one account: Your equity, demat and trading account linked to each other all in one place.
  • Free Intraday Trading – No brokerage for intraday traders.
  • Margin Facility – Borrow money to trade in shares which look tempting to you when you don’t have the money to buy them.
  • Stock Trading mobile App: Get free access to Kotak’s mobile app for trading .
  • Stock Research Reports: Get free research reports daily from Kotak’s top analysts.
Kotak Demat Opening Process
2-in-1 account:

This account gives you the dual benefit of a share trading account and a demat account rolled into one.

Benefits of having a 2-in-1 account:

  • Choose your own Bank account and Brokerage plans
  • High levels of encryption providing a secure trading environment
  • Large volume trading with Super multiple feature which provides exposure of more than 14 times the margin on a single trading day.
  • After market orders option allows you to trade 24 x 7 x 365 days
  • Trade online using KEAT Pro X- a high speed trading software that allows you to trade and monitor your portfolio
  • Call and trade facility available for those without access to apps
  • Kotak Stock Trader Trade on the Move-through our FREE stock trading App Stock Trading App
  • Access to best in class stock market research and analysis through Easy Equity reports and Easy Mutual Fund reports.
Equity trading account

When you trade on the stock markets, you are securing your financial well-being. Equity trading account allows you to invest in equity, initial public offerings or IPOs, mutual funds, equity and currency derivatives instruments.

Benefits of having an Equity Trading Account:

  • Integrated platform: You need not open different accounts to trade in various securities. Kotak’s trading account will let you do just that.
  • Multiple media: Through the equity trading account, you can place orders not just in person through a broker, but also online or on the phone.
  • Expert analysis: Kotak Securities’ analyst team regularly publishes reports on the economy, select industries and companies that help you make informed investment decisions.
  • Alerts: Kotak Securities regularly sends you research advice as well as market alerts through SMSes.
Linked account

A linked account is essentially, a 3-in-1 trading account that links your existing savings and demat account with the partner bank and trading account at Kotak Securities.

Benefits of a Linked Account:

  • 3-in-1 account
  • Low brokerage
  • Secure Trading
  • Margin against Securities
  • After market orders
NRI account

Living outside India, but still want to play in the Indian stock markets? Here’s an account that lets you enjoy the triple benefits of a savings account, a demat account and a trading account all in one place. So be it buying equities, futures or options or even doing some good old-fashioned research into the stock markets, Kotak Securities’ NRI account puts the power in your hands.

Perks of NRI Account:

  • Research reports from Kotak’s dedicated team of research analysts.
  • Get free guidance at the Kotak Securities Academy on equities, mutual funds, futures, options and financial planning.
  • SMS alerts whenever you make a transaction through your Kotak Account.
  • You can also trade after market hours using after market orders.
Qualified Foreign Investors (QFI)

If you reside outside India and like many others look at India as an interesting option for investment, here is your chance to invest in the ever buzzing financial markets of India. On 1 January 2012, the GOI issued a press note stating that Qualified Foreign Investors (QFIs) will now be allowed to invest in the equity shares of Indian companies.

RGESS

If you are new to the equity markets, and don’t know where to start, here is The Rajiv Gandhi Equity Savings Scheme or the RGESS which is an investment option that allows you to enjoy the benefits of equity investments along with tax exemptions up to Rs. 25,000.

PMS

The stock market is highly volatile. Investment in the market, therefore, requires time, knowledge, and constant monitoring. It also needs a solid experience and strong research to make the right decision. As a result, there are many who wish for an expert to help manage their investments. If you are one among them, then portfolio management services (PMS) is your answer.

Benefits of a PMS account:

  • Transparency: Get detailed reasons and up to date alerts on the allocation and distribution of your funds.
  • Scientific investment decisions:PMS provides a scientific and disciplined basis for investing.
  • Expertise: PMS will provide you exclusive access to our research team and their reports.

Kotak Securities Research

Kotak Securities offers a wide range of in-depth equity research reports covering specific scrips, companies, sectors, the economy and more. Its technical, fundamental, derivative and currency derivative research reports offer deep insights into what, when and how much to buy or sell on the markets. It has created an online virtual knowledge bank for new investors which is freely available on its website. Also, Kotak Securities provides daily, weekly, fortnightly, monthly and annual stock market reports. Customers can also get the same insights on Kotak Securities social media page.

Kotak Securities has also taken additional initiatives Smart Start interactive educational  experience and also host seminars and webinars for its customers.

Get free Tips from Kotak Securities Know More

Pricing

Account Opening Charges:
Trading Account Opening Charges (One Time)₹750
Trading Annual Maintenance Charges0
Demat Account Opening Charges (One Time)0
Demat Annual Maintenance Charges₹600
Kotak Securities Brokerage Options 
Dynamic Brokerage Plan

This brokerage plan is for people who are willing to commit to a larger sum of money to trade through Kotak securities and hence get the benefit of cheaper brokerage rates, here is the detailed brokerage structure in detail for Intraday, Options &  futures:

Delivery Trading – Brokerage is Charged based on Monthly Volume of Transaction

Monthly VolumeBrokerage Charges
Less than 1 Lakh0.59%
1 – 5 Lakh0.55%
5 – 10 Lakh0.45%
10 – 20 Lakh0.36%
20 – 60 Lakh0.27%
60 lakh – 2 crore0.23%
Greater than 2 crore0.18%

Delivery Trading – Brokerage is Charged based on Monthly Volume of Transaction

Monthly VolumeBrokerage Charges
Less than 25 Lakh0.06%
More than 25 Lakh0.05%

Futures – Brokerage Details

Monthly Volume (lacs)Brokerage Application(Both Side)
< 25 lakh0.06%
25 lakh – 2 crores0.05%
2 crores – 5 crores0.04%
> 5 crores0.03%

Futures – Brokerage Details

Monthly Volume (lacs)Brokerage Application(Both Side)Brokerage Application(Both Side)
< 2 crore0.07%0.09%
> 2 crore0.05%0.07%

Options – Brokerage applicable both sides

Monthly Premium VolumeIntraday BrokerageSettlement brokeragesMinimum Brokerage Per Lot (Intraday)
Upto 4 lakh2.50%2.50%₹ 300
4-11 lakh2.25%2.50%₹ 240
>11 lakh1.80%2.30%₹ 180

Currency Derivative – Brokerage Details

Monthly Volume Slab ( In Crs)Currency FuturesCurrency Options
0-30.04% or ₹ 20 per lot, whichever is higher₹ 20 Per lot
3-80.036% or ₹ 18 per lot, whichever is higher₹ 18 Per lot
8-150.030% or ₹ 15 per lot, whichever is higher₹ 15 Per lot
15-300.02% or ₹ 10 per, whichever is higher₹ 10 Per lot
>300.015% or ₹ 7.5 per lot, whichever is higher₹ 7.5 Per lot
Fixed Brokerage Plan

Fixed Brokerage plan is for the newbies to the stock market and would like to test their strategies before investing in the market as most new traders don’t want to trade in higher volumes its best to have a fixed brokerage plan as other plans charge more brokerage for lower volume trades. Here is the brokerage structure below:

BROKERAGE STRUCTURE

Delivery0.49%
Square off (Both Sides)0.05%
Futures (Both Sides)0.05%
OptionsRs 300 Per Lot
Minimum Brokerage4 paise for delivery and 3 paise for Intraday and Futures orders
Advance Brokerage Plan

This plan is made for investors who trade consistently. Within this plan clients have to pay fees in advance which range from ₹ 5000 to ₹ 200000. Based upon the fees paid brokerage is levied on the clients transactions. The best way to invest in this plan is to deposit a larger sum of money upfront so that the brokerage charges being applied is low. Here are the brokerage charges levied below:

ParticularsPLAN APLAN BPLAN CPLAN D
Advance FeesRs.5000Rs.10,000Rs.50,000Rs.2,00,000
+ GST( As applicable)( As applicable)( As applicable)( As applicable)
Total Cheque AmountRs.5000 + GSTRs.10,000 + GSTRs.50,000 + GSTRs.2,00,000 + GST
Validity12 Months12 Months12 Months12 Months
BROKERAGE
DETAILS
Delivery’0.39%0.29%0.19%0.12%
Cash Intra-Day’0.04%0.04%0.03%0.02%
Futures’0.04%0.04%0.03%0.02%
Options’Rs 225/- per lotRs 225/- per lotRs 150/- per lotRs 150/- per lot
Currency Futures (Each Leg)0.024% or Rs. 12 per lot whichever is higher0.020% or Rs. 10 per lot whichever is higher0.016% or Rs. 8 per lot whichever is higher0.016% or Rs. 8 per lot whichever is higher
Currency Options (Each Leg)Rs.12Rs.10Rs.8Rs.8
NRI Brokerage Plan

NRI brokerage generally tend to be pretty exclusive and their brokerage and transaction costs tends to be on the higher side, however Kotak securities offers brokerage rates which are competitive in the current market for NRIs. Here are the brokerage details of the plan below:

Account Opening ChargesRs.3750
Brokerage1% of the turnover OR25 Paise per share, whichever is higher
Securities Transaction Tax (STT)0.10%
Average Quarterly Balance in SavingsRs.10,000

Account maintenance fees

AccountMaintenance Fee
PISRs.1000 per year
DematRs.75 per month

Average Quarterly Balance of Rs 10000 to be maintained in the Savings Account.

Total Complaints

This is the historical list of complaints for clients working with Kotak Securities Ltd:

ExchangeFinancial YearActive ClientsTotal Complaints
NSE2018-19424024151
NSE2017-18368638200
NSE2016-17273895123
NSE2015-16246945140
NSE2014-15268459151
NSE2013-14223280188
NSE2012-13674160197

If you want the detailed comparison of Total Complaints by customers against broker, kindly Click on this link

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