“Kotak securities Review“
Like any other major banks, Kotak Mahindra Bank also has brokerage arm of its own by the name “Kotak Securities”. It was incorporated in 1994 and has more than 1100 branches spread across the globe. Kotak Securities has presence in 350+ cities not only in India, but also at London, New York, Dubai, Abu dhabi, Singapore and Mauritius. Kotak Securities is member of NSE and BSE. They provide Depository services being DPs of NSDL and CSDL.
Following are the current services offered by Kotak Securities:
- Investment in Equities, Mutual Funds, SIPs, IPOs, Derivatives, Bonds, NCDs, ETFs and Company Fixed Deposits
- Tax Free Bonds, Portfolio Management
- Stock Lending and Borrowing
Kotak Securities Brokerage Charges and Plans
Kotak Securities offers three types of Brokerage plans namely, Fixed, Dynamic and Advanced brokerage Plans.
Fixed Brokerage Plan:
In Fixed Brokerage plan, a constant percentage of brokerage is charged irrespective of the volume of trade. Usually these kind of plans are best suited for the traders who carry out limited number of trades per month.
The Kotak Securities Fixed Brokerage Charges are as below:
Sl No Segment Brokerage Charges
1 Equity Cash Intraday 0.049%
2 Equity Cash Delivery 0.49%
3 Equity Futures (Both Sides) 0.049%
4 Equity Options Rs 300 per lot
5 Minimum Brokerage 4 paise for delivery and 3 paise for Intraday & Futures
Dynamic Brokerage Plan:
Dynamic Brokerage plan is suitable for the traders who carry out frequent trades per month. Higher the volume of trade, lesser will be your brokerage expenses. The brokerage will be charged at highest slab on daily basis, but at the end of the month the total turnover is calculated and brokerage will be refunded back as per the slab you fall.
Kotak Securities Dynamic Brokerage Plans for various segments are shown in following tables
Equity Delivery and Intraday:
Monthly Volume (in Rupees) Brokerage Rate (Both Buy & Sell)
Less than 1 Lakh 0.59%
1-5 lakh 0.55%
5-10 lakh 0.50%
10-25 lakh 0.45%
25-50 lakh 0.35%
Above 50 lakh 0.30%
Less then 25 lakh 0.06%
Above 25 lakh 0.05%
Turnover Slabs Brokerage Rate
Less then 2 crore 0.070% both sides
2-5.5 crores 0.045% both sides
5.5 – 10 crores 0.036% both sides
10 – 25 crores 0.027% both sides
> 25 crores 0.023% both sides
Monthly Premium Volume Intraday Brokerage Settlement brokerages Minimum Brokerage Per Lot (Intraday)
Upto 4 lakhs 2.5% 2.5% Rs 300
4-11 lakhs 2.25% 2.5% Rs 240
Above 11 lakhs 1.8% 2.3% Rs 180
Monthly Volume Slab Currency Futures Currency Options
Less than 3 Crores 0.04% or Rs 20 per lot, whichever is higher Rs 20 Per lot
3-8 Crores 0.036% or Rs 18 per lot, whichever is higher Rs 18 Per lot
8-15 Crores 0.030% or Rs 15 per lot, whichever is higher Rs 15 Per lot
15-30 Crores 0.02% or Rs 10 per, whichever is higher Rs 10 Per lot
Above 30 Crores 0.015% or Rs 7.5 per lot, whichever is higher Rs 7.5 Per lot
Advanced Brokerage Plan:
This plan is just like the prepaid mobile plan with validity. But the traders get advantage of reduced brokerage slabs depending upon the prepaid amount. The validity period will be 12 months and the unused amount will lapse at the end of validity. So be careful in choosing this plan. Only select this plan if you are confident that you will trade enough to recover the prepaid amount. Also, you will enjoy zero account opening charges if you select this plan along with the lowest brokerage of 0.12% for equity delivery and 0.015% for intraday and delivery.
Following table shows the Advanced Brokerage Plans of Kotak Securities:
Details PLAN A PLAN B PLAN C PLAN D
Advance 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
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
0.024% or Rs. 12 per lot whichever is higher 0.020% or Rs. 10 per lot whichever is higher 0.016% or Rs. 8 per lot whichever is higher 0.016% or Rs. 8 per lot whichever is higher
Rs 12 Rs 10 Rs 8 Rs 8
Kotak Securities Account Opening Charges
- Trading Account opening Fee : Rs 750
- Demat Account Opening Fee : NIL
- Trading Account Annual Maintenance Charges (AMC): Rs 600 per Annum
- Demat Account Annual Maintenance Charges (AMC): NIL
Kotak Securities Trading Platforms
Kotak securities offers trading platforms for all the three types namely web, desktop and mobile.
Kotak Securities KEAT PRO X (Desktop Trading Platform)
It is a executable Desktop Platform which needs to be installed in the system. It is best suited for the investors and traders who want live market watch and faster execution.
Some of the Key feature of this desktop based platforms are
- Real time monitoring, live streaming quotes with Auto Refreshing
- Multiple Market Watch
- Single Platform for Fund Transfer and Advanced Charting
Kotak Securities Xtralite (Web Based Trading Platform)
Through Kotak Securities web based platform designed for slow internet speeds, traders can access their accounts from any system connected to the internet. No need to install any software. It comes with lot of features like real time quotes, multiple watch-lists, quick access to research reports, faster order executions and access to live intraday trading calls etc. Best suited for the users who dont have administrative privileges to install any softwares in their office.
- Kotak Stock Trader (Mobile Platform)
Trade on the go through Kotak Securities Stock Trader which works on both mobile and tablets. Real time streaming quotes, multiple watch-list, intra-day chart are main feature of Kotak Mobile App.
- Fastlane (Java based Platform)
It is exact equivalent of KEAT Pro, but based based on the Java technology. However major difference is one need not install any software use this platform. All the to other features of KEAT Pro are readily available in FASTLane.
We have written detailed article on Best Trading platforms, you can read in the below article.
span style=”font-family: verdana, geneva, sans-serif;”>Read : Top 10 Trading platforms for Indian Traders
Kotak Securities Fund Transfer
Pay in (Deposit): You can transfer funds into your Trading Account via the following methods.
1. Through Trading Platform – You can transfer the funds from the linked bank account through the KEAT PRO X. Your account will be immediately reflected with the fund transferred.
2. Through Kotak Back office– You can transfer the funds from the linked bank account through the Backoffice. Your account will be immediately reflected with the fund transferred.
3. Online (Web transfer) – You can transfer the funds from the linked bank account through the Xtralite. Your account will be immediately reflected with the fund transferred
4. Through Demand Draft (DD) – One can provide the DD in critical condition but along with the suitable documents
5. Cheque Deposit – You can transfer funds to your trading account by cheque from any of your linked bank account. by submitting it to Central Service Office Mumbai
Pay out (Withdrawal): A payout can be requested through Kotak back office. usually the payout is in terms of the Cheque couriered to your address. But one can request RTGS/NEFT transfer by applying separately for it
List of documents required to open account with Kotak Securities
- 3 passport Size color Photographs
- PAN Card (mandatory)
- Address Proof – Any one of following
- Ration Card
- Voter Id
- Driving License
- Electricity Bill
- Bank Statement (latest 6months)
- If you want to trade derivatives then 1 copy of any of the following documents:
- Pay slip (latest)
- Form 16 / IT Returns ( latest)
- 6 month Bank statement (latest)
Kotak Securities Registration and Contact Information
Kotak Securities SEBI Registration: NSE INB/INF/INE 230808130;BSE INB 010808153/INF 011133230; MSEI INE 260808130/INB 260808135/INF 260808135 ;AMFI ARN 0164; PMS INP000000258 ; Research Analyst INH000000586; CIN: U99999MH1994PLC134051; NSDL/CDSL: IN-DP-NSDL-23-97
Kotak Securities Contact Information: Registered Office Address: 27 Bkc,C 27, G Block, Bandra Court, Bandra & Kurla Complex, B&K East, Mumbai- 400 051 Contact Number : 18002099191 Kotak Securities E-Mail : [email protected] Kotak Securities Complaints or Grievances : [email protected]
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