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Kotak securities trade free youth plan vs trade free plan vs trade free max plan review

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Kotak Securities offers various types of brokerage plans to cater for different traders and investors. The most prominent ones are Trade Free Youth Plan, Trade Free Plan and Trade Free Max Plan which have their own unique attributes.

Each plan targets particular sections of the trading community with varying levels of service and cost structures that enhance trading experiences and investment strategies.

Trade Free Youth plan

The Trade Free Youth plan is tailored for young traders and investors who are under 30 years old. This plan features zero brokerage fees for all trades across all segments which include Equity delivery, Equity intraday, Equity futures, Equity options, Currency futures, Currency options, Commodity futures, and Commodity options.

To access these benefits, there is an annual subscription fee of Rs. 499, which includes GST.

Trade Free Plan

The Trade Free Plan offered by Kotak Securities is a straightforward and cost-effective brokerage plan designed to benefit traders and investors. One of the most notable aspects of this strategy is the $0 brokerage for intraday trades in all segments, including equity (cash), equity derivatives (f&o), currency, and commodities.

This means you can trade actively without worrying about brokerage fees on intraday transactions. Additionally, the Trade Free Plan gives you access to top stock picks and extensive research from Kotak’s professional team of experts, allowing you to make informed investment decisions.

For equity delivery trades, the brokerage charges are set at either 0.25% of the trade value or Rs. 20, depending on which amount is greater. A flat fee of Rs. 20 is applied to F&O trades across Equity, Currency, and Commodity for carry forward trades, while intraday trades in these segments are free. There is no monthly fee in the Trade Free Plan.

Trade Free Max Plan
The Trade Free Max Plan from Kotak Securities offers highly competitive interest and brokerage rates. This plan offers free intraday trades across all segments, making it a popular choice among busy traders. Delivery trades incur a brokerage fee of 0.25% of the transaction value, with a minimum charge of ₹20 per executed order.

This guarantees that traders can predict the costs of their long-term investments. For individuals who use the Margin Trading Facility (MTF), the plan provides a daily interest rate of 0.028%, allowing traders to leverage their capital at a reasonable cost.

Brokerage Chares

Feature Trade Free Youth Plan Trade Free Plan Trade Free Max Plan
Eligibility Below 30 years of age Above 30 years of age Above 30 years of age
Account Opening Fee ₹0 ₹0 ₹0
AMC ₹600 per year ₹600 per year ₹600 per year
Subscription Fee ₹299 for 1st year, ₹499 from 2nd year

(only valid for 2 years after that you will be shifted to Trade free plan)

Free (one-time subscription charge of 99 rupee) ₹2499+GST p.a.
Intraday Brokerage (For all segments) ₹0 ₹0 ₹0
Stock Delivery ₹0 0.25% 0.25% or ₹20 whichever is higher
All carry forward F&O Trades ₹0 ₹20 per order
 
₹20 per order


Other Charges

Charges Trade Free Youth Plan Trade Free Plan Trade Free Max Plan
UPI Free Free Free
Call and Trade Charges ₹49+GST per order Max ₹90 + GST per executed order Max ₹89 + GST per executed order
Margin Trade Funding (MTF) Interest Rates 0.049% per day 0.049% per day 0.028% per day
Debit Balance Charges 0.049% per day 0.049% per day 0.049% per day
Dematerialisation Charges ₹150 per certificate plus ₹50 per request (courier charges) ₹150 per certificate + ₹50 per request (courier charges) ₹150 per certificate + ₹50 per request (courier charges)
Rematerialisation Charges ₹10 for 100 securities (minimum of ₹15) ₹10 for 100 securities (minimum of ₹15) ₹10 for 100 securities (minimum of ₹15)
Pledge Charges (Request, invocation and Release) ₹20 per transaction ₹20 per transaction ₹20 per transaction


Regulatory Charges for Trade free youth plan, Trade free plan and Trade free Max plan

Segment Transaction Charges STT (as per exchange) Stamp Charges (As per State, on buy side only)
Equity Delivery NSE: 0.00335%
BSE: 0.00375%
0.1% (on both sides) 0.015% or ₹1500/crore
Equity Intraday NSE: 0.00335%

BSE: 0.00375%

0.025% (sell side) 0.003% or ₹300/crore
Equity Futures NSE: 0.002%

BSE: 0%

0.0125% (sell side) 0.002% or ₹200/crore
Equity Options NSE: 0.0505% on Premium

BSE: 0.005% on Premium

0.0625% (sell side) 0.003% or ₹300/crore

GST (Goods and Services Tax):

  • GST is applied at a rate of 18%.
  • It is calculated on the total of brokerage fees, transaction charges, and SEBI fees.

SEBI Charges:

  • SEBI (Securities and Exchange Board of India) imposes a charge of ₹10 for every crore of the transaction value.
  • This charge is for the regulatory duties carried out by SEBI.

Conclusion

Kotak Securities has three different groups of brokerage plans designed for different age categories and trading tastes. These are Trade Free Youth Plan, Trade Free Plan and Trade Free Max Plan. The traders under 30 who are attracted by this plan can do their trades without incurring any brokerage fees at the cost of ₹499 annual subscription fee.

While for those above 30, the zero brokerage extends to intra-day trades across all segments, in addition to research support and top stock picks that involve recommended equity shares.

Conversely, for active traders requiring cost predictability it offers free intraday trades across segments as well as competitive long-term brokerage rates; thus, its name is ‘trade free max plan’. Each of these plans have a specific set of fees and additional charges with GST and SEBI charges as per regulatory norms being applicable.

 


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