Kotak Securities Limited, a subsidiary of Kotak Mahindra Bank, was set up in 1994. Kotak Securities is a corporate member of both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Currently, Kotak Securities is one of the largest broking houses in India with wide geographical reach.
Kotak securities online trading, is the online trading portal of the Kotak Securities Ltd, the leading stock broking house of India. The online division of Kotak Securities Limited provides services like internet broking services, online IPO and mutual fund investments.
Trade In: BSE and NSE
Account Types:
Kotak offers different account types according to users requirement:
Kotak Gateway
Kotak securities gateway account opens the gateway to a world of investing opportunities for beginners. Kotak gateway user can trade anywhere, anytime using internet.Kotak also offers call and trade facility.
They provide sms alert, research report, free news and market updates. Best feature of Kotak gateway is call and trade facility. Anybody can activate Kotak securities gateway account with any amount between Rs 20,000 to 5, 00,000. This can be in form of cash deposit or the value of the shares you buy. Brokerage will be charged based on the account type. For intraday trading brokerage is .06% both sides for less then 25 lakhs and .023% for more then 25 crores.
Kotak Privilege Circle
This is the premium account for its users. Along with kotak gateway account benefits they provides independent market expertise and support through a dedicated relationship manager and a dedicated customer service desk which provides assistance in opening accounts, handling day-to-day problems, and more. They provides KEAT premium which is an exclusive online tool that lets you monitor what is happening in the market and view your gains and losses in real-time.
One can activate Kotak securities privilege circle account with any amount more than Rs. 10, 00,000/- as margin, by way of cash or stock. For intraday trading brokerage is .06% both sides for less then 25 lakhs and .03% for more then 25 crores.
Kotak High Trader
This is the best offer for daily trader or intraday traders. This is an Auto Square Off product where you can enjoy the benefits of intra-day trading. Trader can get the 6 times exposure on the margin. They provide all the benefits which kotak gateway and privilege account provides. Trader can apply paper free order for IPO.
One can activate Kotak securities high trader with any amount less than Rs 5, 00,000/- as margin, by way of cash or stock. The minimum brokerage that is applicable in the Kotak high trader account is 4 paisa on delivery and 4 paisa in the cash segment.
Kotak Freeway
Frequent trader use this account type because freeway account enables it’s users to trade as many times as they like - at a fixed brokerage.
One can activate Kotak securities freeway with any amount less than Rs. 1, 25,000/- as margin, by way of cash or stock. They charge fixed brokerage of Rs.999/- a month and on delivery transaction brokerage is .59% on less then 1lakhs and .18% on more then 2 crores.
Kotak Flat
This product is best suited for the needs of the Indian retail investor who actively invests through the internet. Kotak flat introduces the international trend of charging brokerages on per trade basis. Brokerage rate works up to 0.18% on delivery trades and 0.018% for intraday trades.
Kotak Assist
This account most suits to long term investors. This account provides Complete assistance on all your financial investment.
Brokerage and Account opening fees:
A trading account in Kotak requires you to have a minimum of Rs.1000 to start with, the bank account to have a minimum of Rs.2500.
Brokerage:
- For Intra-day trading, Kotak brokerage is around 0.05%.
- For delivery trading, Kotak brokerage is around 0.45%.
How to open account with Kotak Securities Limited?
There are 3 simple ways to open an account with Kotak.
- Call at one of the below number and ask to open an account with them.
Toll Free No.: 1800-222-299
Other No: 30305757 - Visit one of their nearest branch and you will find representative to help you out: Click on this link http://www.kotaksecurities.com/contactus/contactus.html to find the branch closest to you.
- Visit http://www.kotaksecurities.com/account/openandacc/account/index.htmland fill the form. One of the representative contacts you shortly.
Advantages of Kotak Securities Limited
- Kotak provides a Call & Trade facility to its customers wherein they can place and track their orders through phone when they are away from home.
- They provides daily SMS alerts, market pointers, periodical research reports, stock recommendations etc.
- Kotak provides exclusive online tool to monitor what is happening in the market and also investor can view gains/losses in real-time.
Disadvantages of Kotak Securities Limited
- In online trading sometimes delay comes. So it can be frustrating.
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