Table of Contents
Kotak Securities Charges: Brokerage Fees
Kotak Securities Charges: Account Opening & AMC Fees
Kotak Securities Charges: Exchange Transaction Charges
Kotak Securities Charges: Demat Account Charges
Kotak Securities: Other Charges
Do you know there are 4 different kotak securities brokerage plans ? kotak securities charges varies as per all plans. Kotak Securities, a leading full-service stockbroker in India, offers numerous services to its over 12 Lakh active clients, including advanced-technology trading software and tools, a Trinity 3-in-1 account offering, and free intraday trading.
Established in 1994, the company also enables investment in derivatives, equities, and mutual funds, and offers various features like depository services, margin trading, and even access to the US markets. The firm is a subsidiary of Kotak Mahindra Bank and operates through 1300+ franchisees and 150+ branches across more than 360 cities. Read and know all about the Kotak Securities charges, such as brokerage, AMC, Demat account and more.
For lifetime Free Equity Delivery trades, Open an account with Angel One.
Kotak Securities Charges: Trade Free Plan
There is a range of Kotak Securities brokerage charges under its trade free plan.
Account opening/ subscription charges
There are no subscription charges for kotak securities trade free plan. But you have to pay Account opening charges of 99 RS+ GST. Please note here that if you are a existing demat account holder in kotak securities you have to RS. 499 + gst as a switching Fees which means switching fee is higher than new account opening charges. Reason behind this is that kotak securities want to onboard new customers by promotiing their trade free plan.
Brokerage charges
- In the Trade Free Plan, for equity delivery trades, it levies a fee of 0.25% of the transaction value.
- However, intraday equity trades come with zero brokerage charges.
- For equity futures, delivery-based trades incur a fixed fee of Rs 20 per trade. i.e. carry forward equity futures trades are chargeable at flat 20 rupee per order.
- Intraday equity futures are exempt from brokerage charges.
- Similarly, equity options have a fixed charge of Rs 20 per trade for delivery and no charges for intraday equity options trades. i.e. (ALL CARRY FORWARD F&O TRADES UNDER THIS PLAN ARE CHARGEABLE AT FLAT RS. 20 PER ORDER).
There is no monthly fee in the Trade Free Plan.
Read on – Kotak Securities Trade Free Youth Plan – Brokerage Charges, Margin Charges etc.
Kotak Securities Charges: Trade Free Pro Plan
There is a range of Kotak Securities brokerage charges under its trade free pro plan.
Account opening/ subscription charges
In this plan account opening charges are zero but you have to pay Rs. 249+GST subscription charges every month. And the highlight of this Plan is that here you get margin trade funding at a lucrative interest rate of 9.75% per annum.
Brokerage charges
- Under this plan, you get stock delivery trades at the cost of 0.1% of transaction value with no upper cap. So the plan is not recommended for Long Term investors. Long term investors should choose a demat account where Equity stock delivery is free of cost like zerodha and Angelone. If you are a Long term investor, Open account in Zerodha or Angelone.
- All intraday trades like equity stocks, futures and options are free of cost. i.e. zero brokerage for intraday trades.
- For all F&O Carry forward Trades you have to pay flat brokerage of Rs. 20 per executed order.
you can verify all kotak securities plan charges on their official website.
Kotak Securities Charges; Dealer Assisted Plan
There is a range of Kotak Securities brokerage charges under its trade free pro plan.
Account Opening/ Subscription Charges
Account opening charge is zero but one time fee of Rs. 499+gst has to be paid as subscription charges. Switching Fee for existing customers is also Rs. 499 + gst. But i dont see any potential reason for exisitng customers to switch into this plan. keep reading.
Brokerage charges
- Under dealer assisted plan, kotak securities charges 0.39% of transaction value or 21 rupee (whichever is higher), brokerage in delivery for equity and commodity assets.
- for Equity intraday the charges are same as delivery i.e. 0.39% or Rs. 21 whichever is higher. Please note here that these charges are applied on “whichever is higher” basis, which means Rs.21 is the minimum charge per order. Whereas all other discount brokers, even all other brokerage plans of kotak securities itself (explained above) apply these charges on “whichever is lower” which means that Rs. 21 is the maximum charges. That’s why I warned you earlier that I don’t see any benefit in onboarding or switching into this plan.
- For Equity Futures 0.39% of transaction amount is charged as brokerage.
- For equity options Rs. 39 per lot brokerage is charged which is also higher because this charge will increase with the no. of lots.
- Rs. 9 per lot for currency futures and Rs. 5 per lot for Currency Options.
- For commodity futures 0.039% of transaction amount and Rs. 39 per lot for commodity options is charges.
Kotak Securities AMC Charges
Here is a breakdown of the Kotak Securities account opening & AMC charges:
- Demat Account AMC: Rs 600 per annum
- Demat Account Opening Fee: Rs 0 (Free)
- Trading Account AMC: Rs 0
- Trading Account Opening Fee: Rs 0 (Free)
Kotak Securities Charges: Other Charges
Kotak Securities imposes several additional charges beyond brokerage such as call & trade charges, research recommendations, debit balance charges etc.and other miscellaneous fees. Here is a summary of these charges:
Call & Trade Charges
For phone-based trading services, there is a fee of Rs 50 per call.
Research Recommendations
100 rupee per month for fundamental or technical picks and 150 rupee per month for combined fundamental and technical picks. These charges reduces when you choose the annual plan for this service.
Debit Balance Charges
!8% per annum interest is charged on outstanding debit or negative balance.
Other Miscellaneous Charges
- Its depository service provider, CDSL, does not charge any fees for account opening or advance deposits.
- The AMC (Annual Maintenance Charges) are set at Rs 600 per year.
- Dematerialisation attracts fees of Rs 150 per certificate along with Rs 50 for courier charges for each request.
- For rematerialisation, they charge Rs 10 for every 100 securities, with a minimum of Rs 15.
- Transaction charges for debit transactions amount to 0.04% of the transaction amount, with a minimum of Rs 20, and additional NSDL charges could apply.
- Its pledge creation, confirmation, and invocation incur charges are Rs 20 per ISIN.
There may be other miscellaneous charges that could apply. Please refer to the official Kotak Securities website or contact customer support for more details on these charges.
For free Equity delivery trades, Open an account with Zerodha.
Read on – Flattrade Vs Kotak Securities Comparison: Pros & Cons, STT/CTT, GST and More.
Conclusion
These charges and comparison of all 4 Brokerage Plans is latest updated on 24th May, 2024 so you can very well rely on them if you are reading in 2024.
Kotak Securities is a trustworthy and renowned broker in india. So I would recommend that traders can choose any of plan explained above as per their need and they can also subscribe to trade free youth plan (best out of these ) if their age allows. Because the free trading facility available for various segments in various plans will decrease their overall cost and increase their chances of profit.
Though I would advice the long term investors to go with zerodha and Angelone. my Affiliate links are given here for Zerodha and Angelone. If you likjed the article you can show support by commenting below.