Kotak Securities is a subsidiary of Kotak Mahindra Bank. It is a full-service broker that provides 3 in 1 service. Kotak Securities is a well-known financial advisor and booking service provider in India. It even provides PMS (Portfolio Management Service) to high-net-worth individuals. It also provides its services to NRIs living outside India.
The client base of Kotak Securities is around 12 lakhs. The active client base for 2019-20 was 4,62,801. There are more than 5 lakh trades that are carried out every day. The broking firm has offices in over 360 cities in India along with 1255 branches. The demat account at Kotak Securities is easy to handle and beginners would find it simple to understand. Recently, the broker has introduced a low trading option to its clients known as Kotak Securities FTI Plan.
Let us learn about the products of Kotak Securities
Kotak Securities Product
Kotak Securities has a membership of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The products offered by it in various segments include;
- Mutual Funds
- Derivatives Trading
- Equity
- Currency Trading
- IPO
- Portfolio Management Services
- Exchange-Traded Funds
- Tax-Free Bonds
- Demat Account
Kotak Securities provides its services through different trading platforms. Let us learn about them.
Kotak Securities Browser Trading Application
Kotak Securities Browser Trading Application lets you trade directly using the website. There is no requirement to download or install any software to start trading. All you need to do is log in on the page by entering your username and password to trade.
Kotak Securities Xtralite
Kotak Securities Xtralite trading application is for those users who live in remote areas and have slow access to the internet. This application is lightweight and allows the user to trade in the stock market even with the slowest speeds of the internet. You can trade in the equity and derivatives segment using this application. The features of this application include;
- Functions on mobile, laptop or tablet.
- Place orders and monitor scripts.
- Access to research reports for investing and trading.
Keat Pro X
If you are a full-time trader then Keat Pro X is an ideal trading terminal for you. The major features of this application are as follows;
- Access to the real-time stock market movement and market information like top gainers or losers, volume buzzers, etc.
- You can create a personalized watchlist and add up to 100 stocks. You can combine scripts across NSE, BSE and currency segments.
- Access to the best research reports. You also get regular market tips in the software that helps in making correct decisions.
- Interactive graphs and charts for a better understanding of the price movements.
You can install Keat Pro X by logging on to the Kotak Securities Web Platform.
Kotak Securities Fastlane
Fastlane is ideal for you to trade if you have an old computer or a very slow computer or your office infrastructure does not allow you to download software. It is a java application that runs at a very good speed and requires minimal machine processing speed. Its features are as follows;
- Access to research reports for investing and trading.
- Live streaming of stocks.
- Create an unlimited watchlist.
Kotak Stock Trader
Kotak Stock Trader is a mobile application that allows trading across all segments like equity, currency, and derivatives. The application has features like portfolio tracking, market trends, and many more. Let us learn about some of the features of the application.
- Intraday charts of stocks.
- Easy fund transfer facility.
- Connection to live business TV channel.
- High level of security.
- Creation of multiple watch lists.
- Modification and cancellation of the trade from the mobile application.
- Market updates from other renowned business houses like moneycontrol, economic times, etc.
Kotak Securities Charges
Kotak Securities is one of the premium brokers in India. The account opening charges are as follows;
| Transaction | Fee |
| Trading Account Opening Charges (One Time) | Rs.750 |
| Trading Annual Maintenance Charges AMC (Yearly Fee) | Rs. 0 |
| Demat Account Opening Charges (One Time) | Rs. 0 |
| Demat Account Annual Maintenance Charges AMC (Yearly Fee) | Rs. 60 |
Let us now learn about the Kotak Securities Demat Charges
Kotak Securities Demat Charges
- Fixed Brokerage Plan
| Segment | Brokerage Fee |
| Monthly Fee (Fixed) | |
| Equity Delivery | 0.49% |
| Equity Intraday | 0.049% (both side) |
| Equity Futures | 0.049% (both side) |
| Equity Options | Rs. 300 per lot |
| Currency Futures | |
| Currency Options | |
| Commodity Futures | 0.070% |
| Commodity Options |
- Dynamic Brokerage Plan
| Segment | Brokerage Fee |
| Monthly Fee (Fixed) | |
| 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 |
Kotak Securities Margin Calculator
Kotak Securities provides a margin of up to 15 times for intraday trading and up to 3 times for delivery in the equity segment. For equity trading in futures, the margin is up to 5 times. In the equity option, the margin is up to 2 times for intraday shorting and no margin for buying. The margin for intraday trading in the commodity is up to 2 times.
Conclusion
Kotak Securities is one of the most reputed and trustable brands in the Indian broking and financial industry. Their 3 in 1 service has been able to create a separate market from themselves. They are known for good research and rewarding trading tips. Their customer care is also among the best in the market. You can reach them through multiple platforms and have a quick resolution of your query. They even provide online chat services to their customers which is very rare. Therefore, if you are looking for a reliable broker and you do not mind paying a premium price for it, Kotak Securities is an ideal choice for you.
