Table of Contents
What is the Kotak Securities Trade Free Youth Plan?
Kotak Securities Trade Free Youth Plan Charges
Kotak Securities Trade Free Youth Plan Charge Head
Kotak Securities Trade Free Youth Plan Margins
Kotak Securities Trade Free Youth Plan Brokerage Charges
Kotak Securities Trade Free Plan Vs Kotak Securities Trade Free Youth Plan
Are you interested about the Kotak Securities Trade Free Youth Plan? Kotak Securities Limited, established in 1994, was a subsidiary of Mahindra Bank. It operated as a renowned brokerage firm, providing services across various financial trading asset classes, including Mutual funds, F&O, IPO, ETFs, NCDs and Bonds, and more. The company gained recognition for its innovative and unconventional ideas throughout the years, earning a reputation as a respected full-service brokerage firm. Currently, Kotak Securities boasts a widespread presence in India across 361 cities, with 1332 franchisees and153 branches.
Read and find out all about the Kotak Securities Trade Free Youth Plan, one of the two major pricing plans of the reputed brokerage firm Kotak Securities Limited.
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What is the Kotak Securities Trade Free Youth Plan?
In 2022, Kotak Securities launched two innovative pricing plans called “Kotak Securities Trade Free Plan” and “Kotak Securities Trade Free Youth Plan,” accessible through the Kotak Neo App. The “Trade Free” plan stands out as the sole option providing zero brokerage for intraday trading.
On the other hand, the Kotak Securities Trade Free Youth Plan empowers young investors to engage in both delivery and intraday trading with zero brokerage, making it an ideal option for GenZ. Kotak Neo is poised to rejuvenate the trading experience for investors, backed by competitive pricing plans, advanced features, and research insights.
Know about the Kotak Securities 3-in-1 Demat Account Opening Process.
Kotak Securities Trade Free Youth Plan Charges
The Kotak Securities Trade Free Youth Plan has been designed exclusively for investors under 30 years old. By enrolling in this plan, young investors can enjoy a brokerage-free experience across all segments for the first two years, requiring only a nominal payment of ₹499 as subscription charges during this period. Additionally, there is an annual account maintenance charge of ₹600 that traders need to bear.
Upon completion of the initial two years, participants are automatically transitioned to the standard Trade Free Plan, accessible to all customers. Under this plan, a flat fee of ₹20 per executed order for carry forward Trades in the F&O segment applies. Although all intraday F&O trades will be free of brokerage.
Kotak Securities Trade Free Youth Plan Charge Head
The charges associated with the services provided by the company are as follows:
- For all intraday transactions across all segments, there are no charges.
- Similarly, for all delivery transactions across all segments, there are no charges.
- The account opening charges are free, but there is an account maintenance charge of ₹600.
- The plan subscription charges amount to ₹499, and the call and trade charges are upto ₹90+ GST.
Kotak Securities Trade Free Youth Plan Brokerage Charges
There is zero brokerage for:
- Equity delivery,
- Equity intraday,
- Equity futures,
- Equity options,
- Currency futures,
- Currency options,
- Commodity futures, and
- Commodity options.
The Kotak Securities Trade Free Youth Plan offers an annual subscription fee of ₹299 for first year and ₹499 for the Second year upon account opening. This plan boasts zero brokerage charges across all segments, making it highly cost-effective. Geared towards young investors up to the age of 30, it is also referred to as the Kotak Securities Zero Brokerage Plan. Additionally, Kotak Securities extends the benefit of zero brokerage for mutual funds under the Trade Free Youth Plan.
For more details you can refer to kotak securities official website.
Kotak Securities Trade Free Plan Vs Kotak Securities Trade Free Youth Plan
Here is a fair comparison between Kotak Securities Trade Free Plan and Kotak Securities Trade Free Youth Plan.
1. Target Audience
- Trade Free Plan: The Trade Free Plan is available for all resident Indians and online trading customers, regardless of age.
- Trade Free Youth Plan: The Kotak Securities Trade Free Youth Plan is specifically designed for individuals under the age of 30 who are starting their investment journey.
2. Account Opening
- Trade Free Plan: Offers free account opening.
- Trade Free Youth Plan: Also provides free account opening.
3. Subscription Fee
- Trade Free Plan: Subscription fee of Rs. 99 charged one time.
- Trade Free Youth Plan: Requires a subscription fee of Rs. 499 (incl. of GST) per annum, with a discounted rate of Rs. 299 (incl. of GST) for the first year.
4. Validity
- Trade Free Plan: The plan remains valid until the investor chooses to change it or the broker discontinues it.
- Trade Free Youth Plan: The Kotak Securities Trade Free Youth Plan has a validity period of 2 years.
5. Intraday Trading
- Trade Free Plan: Provides free and unlimited intraday trading across Equity, F&O, Currency, and Commodity. A minimum brokerage of 1 paisa per contract is charged for intraday trading to adhere to statutory requirements.
- Trade Free Youth Plan: Offers zero brokerage on all intraday trades across all segments.
6. Delivery Trades
- Trade Free Plan: Charges brokerage for equity delivery trades at 0.25% of the trade value or Rs. 20, whichever is higher.
- Trade Free Youth Plan: Provides zero brokerage for equity delivery trades.
7. Futures & Options (F&O), Currency, and Commodity
- Trade Free Plan: Charges a flat fee of Rs. 20 for F&O trades across Equity, Currency, and Commodity for carry forward trades, although intraday trades are free in these segments.
- Trade Free Youth Plan: Offers zero brokerage for all carry forward and Intraday F&O, Currency, and Commodity transactions.
8. IPO & Mutual Funds
Both plans offer zero charges for IPO and Mutual Fund transactions.
While both plans offer certain similarities such as free account opening and zero charges for IPOs and Mutual Funds, the Kotak Securities Trade Free Youth Plan specifically caters to young investors who are less than 30 years of age. It provides an added advantage of zero brokerage across all trades and segments, making it an attractive option for those starting their investment journey. On the other hand, the Trade Free Plan offers free intraday trading and a flat fee for F&O trades for a broader range of investors.
Know about the Kotak Securities Zero Commission Demat Account Platform.
Conclusion
All in all, the Kotak Securities Trade Free Youth Plan is a game-changer for young investors seeking a cost-effective and innovative brokerage solution. It aims to rejuvenate the trading experience for young traders , supported by advanced features and research insights available on the Kotak Neo App. Though complaints about the App lag and crashes are very frequent. So traders should be cautious before opening demat account.
You would love to check out our Kotak Securities Trade Free Youth Plan review video below.
