Kotak Securities is a well-known stock broking, trading, and investment firm brought forward by the Kotak Mahindra Bank. It has been a corporate member of the Bombay Stock Exchange and the National Stock Exchange of India.It is among the top 10 stock brokers in India which reflects its success.
Kotak Securities Brokerage Charges & Brokerage Plans Review
Like any other broker, Kotak also charges brokerage charges in order to provide the best services to its customers and these charges may vary according to the options the customers are availing. Also, the brokerage charges can be reduced by opening a DEMAT account from them. But here is the latest brokerage charges that the company is levying:
Brokerage Charge & Fees
| Equity Delivery Trading | 0.49% |
| Equity Intraday Trading | 0.049% |
| Commodity Options Trading | NA |
| Equity Futures Trading | 0.049% |
| Equity Options Trading | Rs. 100 per lot |
| Currency Futures Trading | 0.049% |
| Currency Options Trading | Rs. 70 per lot |
| Minimum Brokerage | Rs. 21 per trade |
| Demat AMC Charges | Free or Rs. 300 per annum |
| Trading AMC Charges | Rs. 500 per annum |
| Margin Money | Minimum Rs. 25,000 |
Now, when you are familiar with the brokerage charges, Kotak Securities offers you, it’s high time for you to know about Kotak Securities Plans:
1. Fixed Brokerage Plan
Kotak Securities Fixed Brokerage plan is precisely developed to the cater to the needs of novice or occasional traders.
| Trading Segment | Brokerage Charges |
| Equity Cash Delivery | 0.49% |
| Equity Cash Intraday | 0.049% |
| Equity Futures (Both Sides) | 0.049% |
| Equity Options | Rs 300 Per Lot |
| Minimum Brokerage | 4 paise for delivery and 3 paise for Intraday and Futures orders |
2. Dynamic Brokerage Plan
Kotak Securities Dynamic Brokerage Plan is particular aimed at those investors trade frequently and want an impressive bargain on their brokerage rates.
| Trading Segment | Brokerage Charges |
| Equity Cash Delivery | 0.59% to 0.30% (For trading amount of ‘< 1 lakh’ to ‘> 50 lakhs’) |
| Equity Cash Intraday | 0.06% to 0.05% both sides (For trading amount of ‘< 25 lakhs’ to ‘> 25 lakhs’) |
| Equity Futures Intraday | 0.07% to 0.05% both sides (For trading amount of ‘< 2 crores’ to ‘> 2 crores’) |
| Equity Futures Settlement | 0.09% to 0.073% both sides (For trading amount of ‘< 2 crores’ to ‘> 2 crores’) |
| Equity Options Intraday | 2.5% to 1.8% both sides (For premium of ‘< 4 lakhs’ to ‘> 11 lakhs’) |
| Equity Options Settlement | 2.5% to 2.3% both sides (For premium of ‘< 4 lakhs’ to ‘> 11 lakhs’) |
| Options Minimum (Settlement) | Rs 300 to Rs 180 both sides (For premium of ‘< 4 lakhs’ to ‘> 11 lakhs’) |
| Currency Futures | 0.04% or Rs 20 per lot, whichever is higher to 0.015% or Rs 7.5 per lot, whichever is higher (For monthly volume of ‘< 3 Cr’ to ‘> 30 Cr’) |
| Currency Options | Rs 20 per lot to Rs 7.5 per lot (For monthly volume of ‘< 3 Cr’ to ‘> 30 Cr’) |
- Kotak Free Intraday Trading (FIT) Plan also known as Rs 999 Plan or Unlimited Trading Plan
This plan basically aims at promoting retail participation in the stock market and further support channelling of savings into formal system. Here, you will find a deep insight of this plan and its related benefits:
- The plan offers unlimited intraday equity trading in segments like Equity Cash and F&O for a yearly charge of Rs 999. That is less than Rs 4 per day. No brokerage charges notwithstanding of the level of the trade, platform or market segment.
- You Get unlimited access to equity and derivatives reports by Kotak’s award-winning Research team.
Primary benefits of Kotak Securities FIT
- Kotak Trade Free Plan – It offers zero brokerage charges for the customers that opt for Intraday Trading at one time account opening fee of Rs. 499 excluding GST.
- No load of brokerage being generated as the subscription fee is a one-time yearly charge and you can execute any number of orders with no restriction on the quantum of the trade value as well.
- Daily research, tips and recommendations for your intraday trades along with Target Price and Stop Loss numbers.
- Offline support in the form of sub-broker and franchise offices in various parts of the country.
FAQs
- How much Kotak Securities charge for futures?
Kotak Securities levy 0.049% (both ends) for equity, currency and commodity futures trading.
- Does Kotak Securities deal in IPO?
Yes. Kotak Securities deals in online IPO applications to its clients. Initial Public Offer (IPO) provides an early opportunity to purchase shares of firms that were not trading publicly earlier.
- How useful is Kotak Securities FIT plan?
The plan offers unlimited intraday equity trading in categories like Equity Cash and F&O for an annual charge of Rs 999. This price plan only available for online trading. Call & Trade or orders placed through merchants are not encompassed in this plan. Usual brokerage remains applicable to such orders.
- How can I avail the Kotak securities FIT plan?
In case of new clients, FIT plan can be available on account opening. For existing customers, they need to connect with customer care team to avail access.