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Kotak Securities App Review 2024: Kotak Securities is one of the most popular stockbrokers in India, and for good reason. It offers a wide range of features and benefits that are perfect for intraday traders, including:
- Zero brokerage on intraday trades
- Advanced trading platform with real-time data and charts
- Fast order execution
- Reliable customer support
In this blog post, we will take a comprehensive look at the Kotak Securities app and review all of the features and benefits that it offers to intraday traders. We will also answer the question: Is Kotak Securities good for intraday trading?
Stay tuned for our in-depth Kotak Securities app review!
What is Kotak Securities?
Kotak Securities is a full-service stockbroker in India that offers a wide range of investment and trading services, including:
- Equity trading
- Futures and options trading
- Currency trading
- Commodity trading
- IPO trading
- Mutual funds
- NCDs
- Sovereign Gold Bonds
- Tax-free bonds
- Stock lending and borrowing
Kotak Securities is a member of the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), Multi Commodity Exchange (MCX), and National Commodity & Derivatives Exchange (NCDEX). It is also a registered depository participant with CDSL.
Kotak Securities offers a variety of trading platforms, including its own proprietary platform, Kotak Neo, as well as third-party platforms such as NSE NOW and BSE Trade. Kotak Securities also offers a mobile trading app for both iOS and Android devices.
Kotak Securities is one of the largest stockbrokers in India, with over 20 million customers. It is known for its wide range of products and services, its innovative trading platforms, and its strong customer service.
Kotak Securities App Features
Features of Kotak Securities App:
- Trade stocks conveniently using your mobile phones, tablets, and iPads.
- Engage in Equity Cash Trading (Delivery).
- Participate in Equity Derivatives Trading (F&O).
- Access Currency Derivatives Trading (F&O).
- Keep tabs on your previous orders.
- Monitor your portfolio in real-time.
- Receive live streaming quotes and charts.
- View your Demat Account Holdings.
- Transfer funds online.
- Access reports and historical actions.
- Stay updated with live market information and Market Watch.
- Utilize Intraday Tick by Tick Charts.
- Manage your account and profile easily.
Kotak Securities Charges
Kotak Securities brokerage, trading, AMC and transaction charges is listed below:
Kotak Securities Brokerage Charges
When trading stocks with Kotak Securities, it’s important to understand the brokerage charges associated with different trading segments.
Kotak Securities offers two distinct plans:
- the Trade Free Plan and
- the Dealer Assisted Plan.
Here’s list of brokerage fees for equity, commodities, and currency derivative trading under each plan:
Kotak Securities Trade Free Plan:
| Segment | Monthly Fee (Fixed) | Brokerage Fee |
|---|---|---|
| Equity Delivery | Rs 0 | 0.25% (Minimum Rs 20 per trade) |
| Equity Intraday | Free | Free |
| Equity Futures | Rs 20 per trade | Delivery: Rs 20 per trade |
| Equity Options | Rs 20 per trade | Delivery: Rs 20 per trade |
| Currency Futures | Rs 20 per trade | Delivery: Rs 20 per trade |
| Currency Options | Rs 20 per trade | Delivery: Rs 20 per trade |
| Commodity Futures | Rs 20 per trade | Delivery: Rs 20 per trade |
| Commodity Options | Rs 20 per trade | Delivery: Rs 20 per trade |
Kotak Securities Dealer Assisted Plan:
| Segment | Monthly Fee (Fixed) | Brokerage Fee |
|---|---|---|
| Equity Delivery | Rs 499 (One Time) | 0.39% |
| Equity Intraday | Rs 499 (One Time) | 0.039% |
| Equity Futures | Rs 499 (One Time) | 0.039% |
| Equity Options | Rs 499 (One Time) | Rs 39 per lot |
| Currency Futures | Rs 499 (One Time) | Rs 9 per lot |
| Currency Options | Rs 499 (One Time) | Rs 5 per lot |
| Commodity Futures | Rs 499 (One Time) | 0.039% |
| Commodity Options | Rs 499 (One Time) | Rs 39 per lot |
These brokerage charges provide clarity on the costs associated with trading through Kotak Securities. The Trade Free Plan offers a cost-effective way to trade with free intraday trading in various segments, while the Dealer Assisted Plan is tailored for those seeking assistance with trading, albeit with higher brokerage fees. Make sure to choose the plan that aligns with your trading preferences and objectives.
Kotak Securities Trading Taxes/Charges
When you trade with Kotak Securities, it’s important to be aware of the various government taxes and fees that are applied in addition to brokerage charges. These taxes and charges are detailed in the contract note sent to customers at the end of each trading day.
Below is a table summarizing the trading taxes imposed by Kotak Securities:
| Tax Type | Kotak Securities Rates |
|---|---|
| Securities Transaction Tax (STT) | |
| – Equity Delivery | 0.1% on both Buy and Sell |
| – Equity Intraday | 0.025% on the Sell Side |
| – Equity Futures | 0.01% on Sell Side |
| – Equity Options | 0.05% on Sell Side (on Premium) |
| – Commodity Futures | 0.01% on the sell side (Non-Agri) |
| – Commodity Options | 0.05% on the sell side |
| – Currency F&O | No STT |
| – On Exercise transaction | 0.125% |
| – Right to entitlement | 0.05% on sell side |
| Exchange Transaction Charges | Refer to the table above |
| GST (Goods and Services Tax) | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
| SEBI (Securities and Exchange Board of India) Charges | 0.0001% (₹10/Crore) of the turnover (except for Agri futures where it is Rs 1 per crore) |
| Stamp Duty | (On buy side only) |
| – Delivery | 0.015% |
| – Intraday | 0.003% |
| – Equity Futures | 0.002% |
| – Equity Options | 0.003% |
| – Currency F&O | 0.0001% |
| – Commodity Futures | 0.002% (MCX) |
| – Commodity Options | 0.003% (MCX) |
Kotak Securities AMC Charges | Kotak Securities Account Charges
Kotak Securities provides trading account and Demat account services for stock market enthusiasts. To begin your journey with Kotak Securities, it’s essential to understand the associated fees, commissions, and charges.
the account charges and annual maintenance fees (AMC):
| Transaction | Fee |
|---|---|
| Trading Account Opening Charges (One Time) | Rs 0 (Free) |
| Trading Annual Maintenance Charges (AMC) | Rs 0 (Yearly Fee) |
| Demat Account Opening Charges (One Time) | Rs 0 (Free) |
| Demat Account Annual Maintenance Charges (AMC) | Rs 600 (Yearly Fee) |
Kotak Securities Transaction Charges
Understanding transaction charges is crucial when trading with Kotak Securities, as they can impact the overall cost of your trades. These charges, often referred to as Exchange Turnover Charges, are combined with Trade Clearing Charges.
Let’s delve into the transaction charges for different segments:
| Segment | Transaction Fee |
|---|---|
| Equity Delivery | NSE: 0.00335%, BSE: 0.00375% |
| Equity Intraday | NSE: 0.00325%, BSE: 0.00375% |
| Equity Futures | NSE: 0.002% |
| Equity Options | NSE: 0.0505% on Premium |
| Currency Futures | NSE: 0.00095%, BSE: 0.00022% |
| Currency Options | NSE: 0.037%, BSE: 0.001% |
| Commodity | MCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006% |
Kotak Securities Demat Account Charges
When you hold securities in a Demat account with Kotak Securities, there are specific charges associated with various transactions and maintenance. Understanding these charges is essential for managing your investments effectively.
Let’s explore the Demat account charges for Kotak Securities:
| ID | Transaction | Charges |
|---|---|---|
| 1 | Demat Account Opening Charges | Rs 0 (Free) |
| 2 | Transaction Charges (Buy) | |
| 3 | Transaction Charges (Sell) | 0.04% + NSDL charges (minimum Rs 20) |
| 4 | Annual Maintenance Charges (AMC) | Rs 600 per year |
| 5 | Demat + Courier Charges | Rs. 150 per certificate + Rs. 50 per request courier charges |
| 6 | Remat | Rs.10 for 100 securities (Minimum payable Rs.15) |
| 7 | Pledge Creation | Rs 20 per ISIN |
| 8 | Pledge Creation Confirmation | Rs 20 per ISIN |
| 9 | Pledge Invocation | Rs 20 per ISIN |
| 10 | Failed Transactions |
Kotak Securities Demat Account Opening Process
To open your account online with Kotak Securities, follow these easy steps:
- Visit the Kotak Securities website at www.kotaksecurities.com.
- Click on “Open Demat Account.“
The following steps will guide you through the account opening process:
Step 1: Enter your mobile number.
Step 2: Enter the OTP (One-Time Password) received on your mobile.
Step 3: Choose a card to indicate your investment experience and specify how many years you have been trading.
Step 4: Provide your PAN No. and Date of Birth.
Step 5: Provide your Aadhar details, which will redirect you to the Digilocker portal. Enter Aadhar details, including the temporary OTP sent to your Aadhaar-registered mobile number.
Step 6: Submit required documents by clicking “Allow” in Digilocker.
Step 7: Enter remaining personal details and click “Continue.”
Step 8: Add a Nominee and provide necessary details. If the nominee details differ from yours, untick the checkbox and manually enter the nominee’s information.
Step 9: Verify your email ID by continuing with Gmail or entering another valid email address.
Step 10: Enter additional details like marital status, occupation, and yearly income.
Step 11: Select your bank or search for it using the search bar. For Kotak Bank, add your Account Number and CRN No. For non-Kotak Bank, provide your Account No. and click “Continue.”
Step 12: Submit required documents, including a selfie, signature, and PAN card picture displaying your signature. Non-Kotak Bank customers must also upload bank documents if their Bank Verification fails.
Step 13: Select the tariff plan, such as Trade Free, Trade Free Youth, Kotak Agni, or PCG Lite, and proceed to the payment page for the selected plan.
Step 14: Digitally E-Sign your form by entering your Aadhar No. and authenticating via OTP in your application form for KYC verification.
Step 15: Once confirmed, you can download the Kotak-Securities Mobile App and start using it.
You will receive confirmation on your registered email and mobile number upon successful account opening.
Kotak Securities Customer Care Number
Kotak Securities offers a variety of customer support options, including:
- Phone: Customers can contact Kotak-Securities customer support by phone at 1800 209 9191. Customer support is available 24/5.
- Email: Customers can also contact Kotak-Securities customer support by email at kssupport@ kotaksecurities.com. Customer support will respond to emails within 24 hours.
- Live chat: Customers can also chat with Kotak Securities customer support representatives live on the Kotak-Securities website. Live chat is available during market hours.
Is kotak securities good for intraday trading?
Yes, Kotak Securities is a good choice for intraday trading. It offers a number of features and benefits that make it a good option for both beginner and experienced intraday traders, including:
- Zero brokerage on intraday trades: Kotak-Securities offers zero brokerage on intraday trades for all segments, including equity, futures and options, currency, and commodity. This can save intraday traders a significant amount of money on brokerage costs.
- Advanced trading platform with real-time data and charts: Kotak-Securities offers an advanced trading platform called Kotak Neo, which provides real-time data and charts, as well as a variety of technical analysis tools. This can help intraday traders to make informed trading decisions.
- Fast order execution: Kotak-Securities is known for its fast order execution, which is essential for intraday traders who need to enter and exit trades quickly.
- Reliable customer support: Kotak Securities has a reliable customer support team that is available 24/5 to assist intraday traders with any questions or problems they may have.
In addition to these features and benefits, Kotak-Securities is also a well-established and trusted stockbroker in India. It is a member of the NSE, BSE, MCX, and NCDEX, and it is registered with SEBI. This gives intraday traders peace of mind knowing that they are trading with a reputable broker.
Overall, Kotak-Securities is a good choice for intraday traders because it offers a variety of features and benefits that are essential for successful intraday trading.
Conclusion: Kotak Securities App Review 2024
The Kotak Securities app is a good choice for both beginner and experienced intraday traders. The Kotak-Securities app is a user-friendly and reliable platform for intraday trading. It offers a wide range of features and benefits that can help intraday traders to make informed trading decisions and maximize their profits.
Kotak Securities Pros and Cons
Kotak-Securities Pros (Advantages):
- Kotak Securities offers a 3-in-1 account, making it convenient for customers to manage their finances.
- They have a strong track record of over 25 years in the industry, which builds trust.
- Kotak Securities provides low-cost online discount brokerage plans, helping investors save money.
- There’s a Zero Brokerage plan available for investors below 30 years of age, which means they don’t have to pay any brokerage fees.
Kotak-Securities Cons (Disadvantages):
- The widely advertised Zero Brokerage Plan is only accessible to investors who are under 30 years old.
- The brokerage charges for Equity delivery are relatively high at 0.25%.
- In the dealer-assisted brokerage plan, the brokerage charges are quite steep, especially for delivery (0.39%) and options trading (Rs 30 per lot).
FAQs
Q. Is Kotak Securities good?
Yes, Kotak Securities is a good stockbroker in India. It is a member of the NSE, BSE, MCX, and NCDEX, and it is registered with SEBI. Kotak Securities offers a wide range of products and services, including equity trading, futures and options trading, currency trading, commodity trading, IPO trading, mutual funds, NCDs, Sovereign Gold Bonds, tax-free bonds, and stock lending and borrowing. Kotak Securities also offers a variety of trading platforms, including its own proprietary platform, Kotak Neo, as well as third-party platforms such as NSE NOW and BSE Trade.
Q. What is the account opening fee for Kotak Securities?
The account opening fee for Kotak Securities is ₹200 for a demat account and ₹100 for a trading account.
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