Choosing the right brokerage platform is critical to improving your trading experience. This comparison looks at the Charges and services of Kotak Securities, HDFC Securities, and Zerodha, three major competitors in the Indian stock market.
We present a full picture by looking at account opening and maintenance costs, brokerage fees and other charges. Whether you prefer a full-service or bargain broker, this information will help you make an informed choice. Let’s see which brokerage best suits your trading needs and tastes.
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Kotak Securities
In India, Kotak Securities Ltd is a comprehensive broker that provides its customers with 3-in-1 account. This firm has got a wide range of stocks like; equity, mutual funds etc and other derivatives such as equities and commodities (which include currency futures). Additionally, it allows its clients to directly access US markets. A subsidiary of Kotak Mahindra Bank which is among the leading private banks in India.
Kotak has 4.3 rating with over 1 million downloads.
HDFC Securities
HDFC Securities has more than 30 products are available and it serves over 1800000 + clients from different segments. With more than 270 branches across India
HDFC Securities charges minimum brokerage on Equity Delivery trades by charging 0.10% per trade for all trades or Rs20 per transaction on Derivatives Trading. It offers savings bank facilities along with trading accounts and demat accounts combined under a single entity referred to as a three –in -one account thus making life easier for its customers
HDFC has 4.6 rating with over 500k downloads.
Zerodha
Zerodha provides India’s largest retail stockbroking services on its online flat fee discount brokerage platform. Zerodha facilitates investors wanting to trade equities, currency derivatives, commodities futures/options, IPOs (Initial Public Offerings), mutual funds etc.
Zerodha has 3.7 rating with over 10 million downloads.
Direct Charges
Charges | Kotak Securities (trade free plan) | HDFC Sky | Zerodha |
Trading Account Opening Fees | Free | Free | Free |
Trading AMC | Free | Free | Free |
Demat Account Opening Fees | Free | Free | Free |
Demat AMC | Rs 600 yearly | Rs 240 yearly (Free 1st year. | Rs 300 yearly |
Brokerage Charges
Brokerage Charges | Kotak Securities (trade free plan) | HDFC Sky | Zerodha |
Equity Delivery | 0.25% | ₹20 or 2.5% (whichever is lower) | Free |
Equity Intraday | Free | ₹20 or 2.5% (whichever is lower) | 0.03% or Rs 20 whichever is lower |
Equity Futures | Delivery: Flat fee Rs. 20/order | ₹20 or 2.5% (whichever is lower) | 0.03% or Rs 20 whichever is lower |
Equity Options | Delivery: Flat fee Rs. 20/order | Flat Fee Rs 20 | Flat Fee Rs 20 |
Currency Futures | Delivery: Flat fee Rs. 20/order | ₹20 or 2.5% (whichever is lower) | 0.03% or Rs 20 whichever is lower |
Currency Options | Delivery: Flat fee Rs. 20/order | Flat Fee Rs 20 | Flat Fee Rs 20 |
Commodity Trading | Delivery: Flat fee Rs. 20/order | ₹20 or 2.5% (whichever is lower) | Flat Fee Rs 20 |
Other Charges
Charges | Kotak Securities | HDFC Sky | Zerodha |
Call & Trade Charges | 20 calls free, Rs 20 per call | Rs 20 per call | Rs 50 Per Executable Order |
Auto Square off Charges | 20 calls free, Rs 20 per call | 2.5% or Rs 20 whichever is lower | Rs 50 Per Executable Order |
Other Features
- For all 3 brokers online mutual fund investment is available.
- Trading and investing opportunities in equity and equity derivatives on both the NSE and BSE exchanges are supported by all 3 of these apps.
- All three brokers provide online mutual fund investments.
- None of these brokers have 24/7 customer service while all 3 has telephonic support and email support for any queries.
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Conclusion
In final analysis, HDFC Sky is the best online brokerage for people who want a bank-based discount broker and would prefer to have both a free demat account and trading account opening.
Kotak Securities is the perfect choice of traders in need of a full-service broker that comes with many brokerage plans, free intraday trading, and sophisticated trading tools.
Zerodha is the most appropriate discount brokerage for individuals who are looking for top notch stock broking services that have nil delivery brokerage on equity shares, least intraday charges and easy-to-use trading platforms.
Apparently, there are several things involved in making decisions such as whether one prefers a full service broker or a discount broker among others like maintenance fees on accounts and functionality of the platform.
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